1 - With a fearful national debt looming as well as a presidential election coming up next year, the debate on taxes is bound to become even more heated than it is now. In the midst of all the rhetoric, a little perspective might be in order. You may be surprised to learn that income tax rates are actually near historic lows across all income brackets. Take a look at the article immediately below for details.
2 - Speaking of historic lows, bank CD rates continue to be tiny, while inflation has begun to creep up -- which means that savers may actually be losing ground by keeping money in the bank. It's not quite that simple, of course; read the article following the week's economic news to get a more complete picture.
3 - I have begun an extensive process of re-examining our investment process and strategy. This is something we do periodically, but it seems especially appropriate at this point in history. For several years now we have known that the world economy is evolving rapidly -- but evolving into what? Plenty of people much smarter than I are looking into this very question, and I will be consulting with a variety of experts and other sources. As we gain greater visibility into this global process, we may be able to make some adjustments to benefit clients. I'll update you as the process continues.
Have a wonderful week!
-Andy
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