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Thursday, November 18, 2021

Great news. Approximately 70 million Americans will see a 5.9% increase in their social security payments in 2022. But hold on, even more Americans will get a 14.5% increase in their Medicare Part B premiums in 2022. And, since Social...

Thursday, November 11, 2021

Editor’s Note: Our blog this week is authored by our newest DWM member, Parker Ring. Parker graduated in May, 2021 with honors in finance and accounting from Clemson University, started with DWM in July, and is currently working...

Tuesday, November 2, 2021

Inflation is the percentage that prices for goods and services are rising. When inflation increases beyond the median level, it scares many investors. Inflation reduces the purchasing power of your assets, unless, of course, your...

Wednesday, October 20, 2021

Halloween is a worldwide Holiday that began as a Celtic Festival of Samhain, when people would light bonfires and wear costumes to ward off ghosts. When Pope Gregory III designated November 1 as All Saints Day with traditions of...

Friday, October 15, 2021

The labor markets are in the midst of a huge disruption. The September Non-Farm Payroll Report released last week showed three key numbers: A .4% drop in the unemployment rate, from 5.2% to 4.8%. A 4.6% wage growth (annualized) And 11...

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Wednesday, October 6, 2021

Happy October, the month home to that special holiday dedicated to spooky spirits and events: Halloween. It’s also that time of year when we get the annual ritual of horror movies. I loved growing up watching these flicks and...

Wednesday, September 29, 2021

With just three months left in 2021, there is no better time than now to look at your 2021 taxes. Almost everyone has already filed their 2020 income tax returns and it’s good to review 2021 year-to-date, do a tax projection for...

Thursday, September 23, 2021

There will always be lots of noise in the investment world. Lots of noise about China and its potential problems, lots of noise about America’s economy and concerns about it, lots of noise about what is happening in Washington....

Thursday, September 16, 2021

It seems like every week or two there is another data breach or cybersecurity incident in the headlines. The staggering numbers of compromised accounts and rapidly evolving methods of attack can make it easy to feel helpless against...

Thursday, August 26, 2021

I personally can’t believe it, and certainly don’t feel it, but June 11, 2021 was a milestone day for me: my 50th birthday! A 50th birthday can mean different things to people – from happiness to sadness, excitement...

Wednesday, August 18, 2021

From time to time, we humans do make bad decisions. Often biases and faulty judgment get in the way. Dr. Daniel Kahneman has been trying to help us improve our thought processes for decades. He and Aaron Tversky won a Nobel Prize for...

Wednesday, August 11, 2021

The 2020(1) Tokyo Olympic Games wrapped up Sunday night, and the United States of America won the overall country medal count with 113, and overall gold medal count with 39. China, our fiercest competitor, came in 2nd with 88 total...

Thursday, August 5, 2021

How about a wonderful bottle of Pinot Noir from British Columbia? How about a baguette made with wheat grown in Siberia? Perhaps a marvelous bottle of champagne from the UK? Or some avocados and mangos, typically grown in the tropics,...

Thursday, July 29, 2021

A budget. It’s not magic, but it represents more financial freedom and a life with much less stress. We all know we "should" be following a budget, but not many do. Budgeting is not just about saving money, it is about taking...

Thursday, July 22, 2021

Most everyone knows that when you reach age 72, you have to start taking money out of your Individual Retirement Accounts (“IRAs”) and pay tax on it. These funds were created as 401(k) or IRA contributions and they saved...

Thursday, July 15, 2021

Inflation is on the rise-big time. June’s Consumer-Price-Index increased 5.4% from a year ago- the highest 12 month rate since August 2008. Prices for used cars and trucks went up 10% in one month, primarily due to a shortage of...

Friday, July 9, 2021

Happy belated 4th of July! The second quarter was full of fireworks indeed as the stock market rocketed up! With Covid in retreat and many Americans heavy with cash thanks to stimulus measures, the economy is rocking. They’re...

Thursday, June 24, 2021

For those with a choice, there’s a lot to consider. Renting requires less responsibility and provides flexibility. Nevertheless, buying can be a profitable long-term investment with tax benefits. Further, the decision may vary...

Friday, June 18, 2021

The COVID pandemic has had a huge impact on all of us, even if we stayed healthy and kept our jobs. It’s fair to say, that getting “back to normal” is an unlikely future outcome. With innovation and technology...

Friday, June 11, 2021

The Treasury Department released its 114 page “green book” two weeks ago. It included its proposals on estate taxes. Back on April 21st, our blog “Biden’s Tax Plan-Are you Ready?” focused primarily on...

Thursday, June 3, 2021

Last month, our South Carolina location moved from downtown Charleston over the Cooper River Bridge to Mt. Pleasant. See our May DWM-South Carolina Moving blog for more details. In other DWM news, super teammate, Jenny Coletti, will...

Thursday, May 20, 2021

A year ago at this time, the economy (“Main Street”) was in a tail spin brought on by Covid. Hopes of a quick recovery from it were fading away as scientists and many of us realized that this pandemic would continue on for...

Thursday, May 13, 2021

Many of you know that Charleston is flanked by two rivers; the Ashley River on the west and the Cooper River on the East. Charlestonians have been known to say (using a very “Southern accent”): “Charleston- where the...

Friday, April 30, 2021

The cakes above had 95 candles. It marked the birthday celebration for a wonderful lady, Avis Roodhouse, Elise’s maternal grandmother. The flame from the candles was so hot that day that it melted the icing while the crowd...

Wednesday, April 21, 2021

We’ve all heard that President Biden is looking to raise taxes. No surprise. The U.S. budget deficit grew to a record $1.7 trillion in the first half of the fiscal year, as a third round of stimulus payments sent federal...

Friday, April 9, 2021

We’ve come a long way on this pandemic. Over 50% of Americans have been either infected already by Covid or have received one vaccination shot. It shouldn’t be too long before the US hits the herd immunity level which...

Thursday, March 25, 2021

After over a year of social distancing and months of lockdown as a result of COVID–19, consumers have been forced to shop differently and behave differently. Many of us have picked up new hobbies and our spending habits have...

Wednesday, March 17, 2021

The NCAA tournament field was selected on Sunday. I will be paying more attention than usual because my alma mater, University of Illinois, after 15 lean years, is again one of the top teams. I’ll watch their games and others...

Thursday, March 11, 2021

Let’s face it. We’re all ready to start getting back to some form of the old “normal.” COVID-19 has been restricting us for over a year and, now that almost 3 million Americans a day are getting vaccination...

Thursday, March 4, 2021

Kids cost a lot. As financial planners, we know the expected average cost that a child can be to a family. As a parent, I know that the actual figure can be much more than that average. In this blog, I will talk about one of highest...

Thursday, February 25, 2021

DWM’s year-end market commentary a few weeks ago talked about U.S. equity valuations being quite high. Since then, we have witnessed the huge ups and downs of GameStop, a struggling video game retailer, whose shares were driven...

Wednesday, February 17, 2021

As hard as it is to believe, we are circling in on 1 year of the Coronavirus taking over the world and everything around us. In March 2020, the World Health Organization declared COVID-19 a world pandemic, and no one knew it was going...

Wednesday, February 10, 2021

Last week, Amazon founder Jeff Bezos announced that he will step down as chief executive. Amazon has come a long way in 30 years; from an upstart online bookseller into one of the world’s most popular internet marketplaces. Most...

Thursday, January 28, 2021

A market frenzy has pushed the shares of a 1980's video game retailer, GameStop ticker symbol: GME, up more than 1,700% in just a few months. Like buying a mega millions lottery ticket for a chance to win a pot that reached close to a...

Thursday, January 21, 2021

We have a new President. We wish him well. President Biden, at least for two years, has a Democratic majority in the House and the Senate. There will likely be some major changes in tax policy during this time. While we don’t...

Friday, January 8, 2021

It’s over! After one of the most challenging and bizarre years in modern history, 2020 is finally over! But, with COVID cases accelerating and as we saw from this week’s “chaos in the Capitol”, our world is far...

Wednesday, January 6, 2021

Happy New Year. The ancient Romans, obviously after too much partying in December, dedicated the first month in the New Year to Janus and promised this two-faced god to do better. 2,000 years later, we continue this pagan rite....

Tuesday, December 29, 2020

The U.S. stock markets hit new records Monday based on President Trump signing a massive $2.3 trillion spending bill: $900 billion for virus relief and $1.4 trillion funding of the federal government through September 30, 2021. The...

Wednesday, December 23, 2020

2020 has been one wild ride and we at Detterbeck Wealth Management appreciate all of our clients’ continued trust and support this year! We enjoy working with every one of you, and are excited for a wonderful 2021 together. Have...

Wednesday, December 16, 2020

Guess what’s on my Christmas wish-list? Already have my Peloton Bike and my outdoor turkey fryer. No, this year, I want a non-washable pen. That’s right – a non-washable pen. And why would one want a non-washable...

Thursday, December 3, 2020

We hope everyone had a safe and healthy Thanksgiving holiday. Like many aspects of life in 2020, this Holiday Season will represent a massive change from typical tradition as the impact of COVID-19 continues. Combined with the...

Thursday, November 19, 2020

News of the coronavirus vaccines moving closer to approval is fantastic. Hopefully, in the next twelve months, COVID will be under control. Even so, the pandemic’s impact will not be soon forgotten. The virus has accelerated...

Tuesday, November 10, 2020

Well, an anxiety-filled election week has come and gone, but many questions remain. Schwab just released a very good piece answering some of the most frequently asked questions that they and we at DWM are both hearing. Please click...

Wednesday, November 4, 2020

Since 1980, the cost of a higher education has skyrocketed. According to data from Business Insider, the average price for tuition, room & board, and fees a four-year college was $9,438. Today for the same in-state college the tuition...

Thursday, October 29, 2020

The housing market is soaring all across the country. It’s a sellers’ market. So much so, that sellers are requesting special oddball contingencies and anxious buyers are agreeing. In Philadelphia, for example, a first...

Thursday, October 22, 2020

According to the Center for Infectious Disease Research & Policy and The Common Wealth Fund, over 49 million people filed for unemployment so far during Covid-19, and only 18 million are expected to be temporarily unemployed. Being a...

Thursday, October 15, 2020

Who’s going to win? What will that do to the markets? In the long-run, the markets have shown it doesn’t make a difference to them. If you line up all two dozen presidential terms of our presidents from 1933 to 2019 in two...

Tuesday, October 6, 2020

Remember that 1995 OMC song “How Bizarre”? Did OMC think of 2020 when they wrote that? What a bizarre year 2020 has been. Living through a pandemic has affected all of our lives in so many ways that it’s challenging...

Wednesday, September 30, 2020

Charmed by colorful trading apps, a pandemic that has left many stuck at home, and a growing list of popular companies to invest in: day trading and individual investing are on the rise. Trading activity among individuals started to...

Wednesday, September 23, 2020

Making sure your assets are titled correctly can make a world of difference for your heirs. By creating revocable (living) trusts and then funding those trusts, you can avoid probate. We’ve had clients ask why we make such a big...

Thursday, September 17, 2020

We’ve received some questions about President Trump’s executive order August 8 to defer employee payroll taxes to provide economic relief in response to the COVID-19 pandemic. Generally, many companies, large and small,...

Wednesday, September 9, 2020

Benjamin Franklin led an amazing life. From humble beginnings, he became a successful printer, newspaper man, author, inventor, diplomat and statesman. His great success came from living the virtues of frugality and hard work. He used...

Thursday, September 3, 2020

The first Monday in September is one of the most anticipated holidays of the year, Labor Day! Many people cherish this as one last long weekend before summer ends, but what is the real significance of Labor Day? The United States...

Wednesday, August 26, 2020

Signed into law in January of 2015, the Illinois Secure Choice Retirement Savings Program is one of the frontrunners leading the charge in affording those working individuals who do not have access to a retirement savings plan through...

Wednesday, August 19, 2020

There are three key aspects to estate planning. First, your objectives for your assets and legacy at your passing need to be documented appropriately. Second, the titling and beneficiary designations of all of your assets need to be...

Wednesday, August 12, 2020

Last December the New York Post reported that in a study of 2000 Americans, 13% had no idea what their current credit score is, 76% did not understand the ramifications associated with a bad credit score and 8% really did not even...

Thursday, August 6, 2020

COVID-19 has sparked a huge demand in bicycle sales. Demand is coming from fitness junkies whose gym is closed, commuters fearful of public transportation, and families going stir crazy inside their homes during the coronavirus...

Thursday, July 30, 2020

In 1921, Tulsa, Oklahoma’s Greenwood District, known as Black Wall Street, was one of the most flourishing communities in the United States. This summer marked the 99th anniversary of the Tulsa Race Massacre, a fatal event...

Thursday, July 23, 2020

When the world’s investors get nervous about their money, they put it in the safest place they know, the United States Dollars (“USD”). When the COVID-19 pandemic erupted earlier this year, U.S. Treasuries were the...

Thursday, July 16, 2020

We’ve all heard the expression: “You can sleep when you are dead.” Sleep science shows us that is wrong- particularly now. Sleep is central to your health and performance. Though we remember little from our time...

Wednesday, July 8, 2020

Seems like an eternity since our last quarterly market commentary. Frankly, there was a lot of fear in the air back then as we started the second quarter of this 2020 calendar year, which for many of us will go down as the most...

Tuesday, June 9, 2020

The connection between the markets and the economy was likely forged by the Great Depression. First, the markets plunged a huge 68% in 1929 and then the economy hit bottom for almost everyone. Even in the 1950s and 60s, it was easier...

Thursday, June 4, 2020

As the coronavirus pandemic changes our view on normalcy amidst global economies, the ramifications of inadequate financial knowledge may display a population that is underprepared to face unprecedented financial challenges. Nearly...

Thursday, May 21, 2020

The Coronavirus crisis has decimated lives and livelihoods across the globe. Charities are struggling to help the most vulnerable and are having a hard time keeping up, while many not-for-profits across the company are in precarious...

Thursday, May 21, 2020

Covid-19 has flipped the world upside down and people are having trouble finding positivity in a time that is so uncertain, lonesome, and frightening. In the beginning of 2020, when the Coronavirus started secluding people into their...

Thursday, May 14, 2020

Recently, we have had quite a few conversations reviewing the age-old debate of whether Roth 401(k)s or Traditional 401(k)s are better. Well perhaps not age-old considering Roth 401(k)s came out in 2006, but still a common question...

Thursday, May 7, 2020

Berkshire Hathaway held their annual meeting on Saturday- via live stream from an empty arena. For the event, Warren Buffet put on a tie for the first time in seven weeks. During the four hours of the presentation, Mr. Buffet...

Thursday, April 30, 2020

Health savings accounts (HSAs) are tax-deductible savings plans that allow you to put aside savings for future health care expenses. HSAs were introduced in 2004 as part of the Medicare Prescription Drug, Improvement, and...

Wednesday, April 22, 2020

The Coronavirus health emergency is a huge reminder that life is fragile, precious, and unpredictable. The daily increasing numbers of COVID-19 cases and deaths remind us that we are all mortal and we all need to be prepared. We...

Wednesday, April 15, 2020

When Social-Distancing was first announced, a lot of people did not take it seriously. As the weeks went on, and we headed into March, we realized this Covid Crisis was not letting up anytime soon. Businesses were panicking, schools...

Tuesday, April 7, 2020

Obviously, our market commentary’s purpose is to address the state of the markets, economy, and all things financial; but it goes without saying that our first and foremost concern is that of your health. One’s wealth takes...

Friday, April 3, 2020

The coronavirus has been brutal. There are now over 1 million cases and 54,000 deaths worldwide. Left to itself, the covid-19 pandemic doubles every few days. Millions have lost their jobs. Most of America is on lockdown. We’re...

Monday, March 30, 2020

We hope each and every one of you and your families are safe and healthy. In response to the unfolding COVID-19 global pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act last Friday....

Friday, March 27, 2020

The bear economy is creating a bull market for cyber-crooks. An unfortunate side effect of economic downturns is an increase in cyber fraud. Worldwide cyber fraud has hit an all-time high. For the first time on record, data theft has...

Thursday, March 12, 2020

It’s official - the almost 11 year bull market is over thanks to a couple of “black swans”: COVID-19 and the oil price war. Quick terminology recap here: Pull-back – a falling of a price from its recent high,...

Thursday, March 5, 2020

The total wealth of Americans is $113 trillion. The major categories are real estate, both homes and commercial, of $50 trillion and stocks and stock funds of $35 trillion. Technology has had a huge impact on stock trading. 50 years...

Friday, February 28, 2020

There’s no way to sugarcoat it – stocks just had their worst week since the financial crisis. Most stocks are officially in correction territory, meaning down over 10% since their recent highs. The uncertainty thrown into...

Tuesday, February 25, 2020

The new coronavirus, dubbed COVID-19, has led to 80,000 infections and over 2600 deaths since originating in Wuhan, China in December 2019. This outbreak which the World Health Organization (“WHO”) has said is a...

Thursday, February 20, 2020

As a female in a modern day workplace, my experiences have been mostly positive, although I am still in shock of things said to me, or how I have been previously treated in professional settings. Since coming to Detterbeck Wealth...

Friday, February 14, 2020

With love in the air on Valentine’s day, endless amounts of consumers will pile into stores, buying up cards, chocolates, or mega-sized teddy bears to share with the ones they love. In fact, on average Valentine’s Day...

Friday, February 7, 2020

What's your favorite organizational system? How do you stay up to date with the important items in your life? Maybe you don't even have a system. We all juggle a lot of information on a day-to-day basis. From time to time, everyone...

Wednesday, January 29, 2020

Golfing great Jack Nicklaus turned 80 last week. His drives aren’t as long anymore- Gary Player can now outdrive him. Jack stepped away in 2018 from day-to-day operations of his companies which build golf courses all over the...

Tuesday, January 21, 2020

We hope everyone enjoyed the Martin Luther King, Jr. holiday on Monday. We hope you spent at least a few minutes thinking of Dr. King and his legacy. His stirring words and writings remain as relevant today as they were 50 years when...

Tuesday, January 14, 2020

Happy 2020! No doubt you have heard the term “20/20 vision” over the last several weeks as we enter this new decade and all of the imagery that comes with it. As you probably already know, 20/20 vision is synonymous with...

Friday, January 10, 2020

Happy New Year!! We hope everyone had a great holiday. Everyone at DWM certainly did. In late December, Congress’s year-end spending package was signed into law and it included the SECURE Act which has made some significant...

Thursday, December 12, 2019

Press Release: On December 3rd, SC Public Radio Host interviewed Les Detterbeck. This message, that there is no ‘Free Lunch,’ is extremely important. Click here to listen to the audio, and or please read the transcript...

Thursday, December 5, 2019

Running out of money in retirement is, according to Nobel Prize winning economist William Sharpe, the “nastiest, hardest problem” in retirement. Professor Sharpe has spent his career thinking about risk. His work on the...

Friday, November 22, 2019

More people are renting (not buying) houses, particularly millennials. The old adage that “paying rent is foolish, own your house as soon as you can” is no longer being universally followed. Lots of reasons: cost of...

Wednesday, November 13, 2019

Happy belated Veterans Day! We hope everyone had a nice and safe Holiday! It is always great to bundle up this time of year and spend time reflecting on the sacrifices these men and women have made for us. As we enter the big holiday...

Tuesday, October 22, 2019

More people are renting (not buying) houses, particularly millennials. The old adage that “paying rent is foolish, own your house as soon as you can” is no longer being universally followed. Lots of reasons: cost of...

Thursday, October 17, 2019

Before 1975, brokers had it really good. Commissions were fixed and regulated-at very high levels. It would sometimes cost hundreds of dollars to buy 500 shares of a blue-chip stock. That changed in 1975 when the SEC opened...

Monday, October 7, 2019

Record heat has hit the South. On October 1, it was 101 in Montgomery, AL. Record highs were hit in AL, TN, MS and KY. An acute lack of rainfall has dried out the Southeast as well and residents and farmers are hurting. Planet Earth...

Tuesday, September 24, 2019

With current markets swirling with questions of trade deals, recessions, inverted yield curves, and various other political and financial uncertainties, should we be fearing a near future “Temple of Doom” scenario like...

Thursday, September 12, 2019

Kraft Heinz (KHC) and Unilever (UL) have many things in common. Both companies own hundreds of global consumer brands- KHC includes not only Kraft foods and Heinz Ketchup but also Planter’s peanuts and Grey Poupon mustard....

Wednesday, August 21, 2019

Stock prices reflect a mix of emotions, biases and rational calculations. The bond market reflects the economy. Historically, bond markets had done a better job in predicting recessions. The two big bond stories last week were 1) the...

Wednesday, August 14, 2019

It was just two short years ago when Equifax went public with the realization that access to about 150 million users had been obtained by a third party still unknown to top security officials. Without knowing the perpetrators, motive...

Tuesday, July 30, 2019

Have you ever dreamed that you are walking into a college final exam and you have done no studying for it? Better yet, in the dream, have you walked into the exam and forgotten your pants? I can tell you from personal experience, I...

Tuesday, July 23, 2019

Next week will mark the 121st month of the current bull market- the longest business cycle since records began in 1854. Based on history, a recession should be starting soon. Bond rates now form an “inverse yield curve”...

Thursday, July 11, 2019

Summer is finally upon us! Weather is steamy, kids are out of school, and it’s the midst of carnival season. Merriam Webster has several definitions of carnival including: An instance of merrymaking, feasting, and masquerading...

Wednesday, June 26, 2019

American homes are a lot larger than they used to be. In 1973, the median size of a newly built house was 1,500 square feet. In 2015, that figure was 2,500 sq. ft. - 67% more. Plus, with smaller families, there is lots more room per...

Tuesday, June 18, 2019

The new digital age has seen the onset of countless new conveniences whether through online shopping, banking, entertainment, or social networking. We can now order food and have it delivered to our door, transfer money at the push of...

Thursday, June 13, 2019

First, full disclosure. I love baseball. I was born 2 blocks from Wrigley Field and walked to Cub games alone when I was 7 and sat in the bleachers. As a lifetime Cub fan it’s a mixed blessing- a life of both affection and...

Thursday, June 6, 2019

Two weeks ago, the House of Representatives almost unanimously passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, adopting their version of long-awaited retirement legislation that can now be introduced for...

Thursday, May 30, 2019

The most common type of retirement accounts are traditional Individual Retirement Accounts (IRAs) and company sponsored traditional 401(k) plans, both of which are funded using pre-taxed dollars. The goal of these accounts is to...

Thursday, May 23, 2019

In the spring of 1915, shortly after losing a friend in Ypres, a Canadian doctor, Lieutenant Colonel John McCrae was inspired by the sight of poppies growing in battle-scarred fields to write a now famous poem called 'In Flanders...

Friday, May 17, 2019

Historically, retirement worries have centered around two major questions: 1) Will I run out of money and 2) Will my heirs owe estate taxes? Withdrawal rates in retirement certainly have a huge impact on your money and, in the future,...

Tuesday, May 7, 2019

Great question. Let’s start with some basic concepts. Real estate is an illiquid investment. You can’t buy or sell it in a day or two like liquid investments. It is somewhat uncorrelated to the stock market returns- which...

Wednesday, May 1, 2019

According to a study done by Sallie Mae recently, the younger generations, from teens to young adults, are much more likely to make payments by debit card, cash, or mobile transfer (Venmo, Paypal), than by credit card. In fact, only...

Wednesday, April 24, 2019

Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest hedge funds. Bloomberg ranked him as the world’s 79 wealthiest person earlier this year. Like many of us, Mr. Dalio was “fortunate enough...

Friday, April 12, 2019

At the end of March, 2019, the Treasury had issued $6 billion less in tax refunds than the same period a year ago. The refunds still have averaged around $3,000 each and the number of returns processed is similar to last year, but...

Thursday, April 4, 2019

In basketball, March Madness is a big deal. For those of you who aren’t familiar with the term, March Madness refers to the time of the annual NCAA college basketball tournament, generally throughout the month of March. In the...

Sunday, March 10, 2019

As our clients know, we use MoneyGuidePro (MGP) as our financial planning software tool and we generally review our clients’ particular plan with updates when we meet. This allows us the opportunity to discuss any changes in...

Friday, March 8, 2019

In 1996, California became the first state to legalize the use of medical marijuana. This began, for many, the first opportunity to legally invest in this industry. In 2012, both Colorado and Washington State legalized the use of...

Friday, March 1, 2019

As the old saying goes, "Time is Money." One of the great laws of business is that time equals money: The more time you can efficiently utilize, the less time you waste and the more money you make. Some may call this the opportunity...

Wednesday, February 20, 2019

In the last few years, Elise and I have really gotten into our own family histories. Both sides of Elise’s family came from England, one in the 1830s and one at the turn of the century. My family tree is more diverse. I am 25%...

Thursday, February 14, 2019

Good investing can be boring, yet effective! Specifically, investors with a long investing timeline should build a diversified, low-cost portfolio with an appropriate asset allocation and stick with it. Rebalance regularly to sell...

Wednesday, February 6, 2019

There is a recent trend among Millennials and younger Gen Xers that is generating a great deal of interest. The concept is defined by the acronym FIRE – financial independence/retire early. A WSJ article from November follows...

Thursday, January 31, 2019

John C. Bogle was one of the most recognized and respected names in the investment community when he passed away this January. His research and intellect drove him to found one of the world’s largest investment companies,...

Thursday, January 17, 2019

Zillow just reported that the U.S. Housing Market is up 49% overall since 2012. That’s roughly 6% per year in that time period-though, to be fair, 2012 was when the housing market hit bottom after the 2008-2009 financial crisis....

Tuesday, January 8, 2019

Fantasy Football and portfolio management may be more similar than one would think. Over the past weekend, I drafted a playoff fantasy football team which I’m hoping will amass more points than the other five...

Friday, January 4, 2019

Happy New Year!! We hope you had a fantastic holiday season. Now, it’s on to 2019 with planning and resolutions for the New Year. What are your goals? More money? More Happiness? More Joy? As you tackle these huge questions of...

Thursday, December 13, 2018

It’s beginning to “cost” a lot like Christmas! It’s a fun play on the popular holiday song, "It’s beginning to look a lot like Christmas", originally written by Meredith Wilson in 1951. Though times have...

Friday, December 7, 2018

Many investors with well-balanced, diversified portfolios might be asking this exact question when they compare their year-to-date (“YTD”) return with that of the S&P 500. To understand the answer to this question is to...

Wednesday, November 28, 2018

We hope everyone had a wonderful Thanksgiving holiday. We certainly did! The Holiday season is now upon us. We hope you take the time, before year-end, to see if the Tax Cuts and Jobs Act of 2017 (“TCJA”) has left a...

Saturday, October 27, 2018

On September 15, 2008, Lehman Brothers imploded; filing a $691 billion bankruptcy that sent stock markets into a deep dive of 40% or more. The global financial crisis ultimately would destroy trillions of dollars in wealth- $70,000...

Thursday, October 25, 2018

Hopefully, all of us will vote in the midterms on 11/6 or before. Roughly half the country will vote for Republicans (conservatives) and half will vote for Democrats (liberals.). Did you know that your choices are not only impacted by...

Thursday, October 18, 2018

November 6 is less than 3 weeks away. We hope everyone votes - as Americans, it’s our most fundamental right. We certainly are not predicting the election results. Lots of close races in IL, SC and across the nation. However,...

Thursday, October 4, 2018

Get yourself fit! A diversified portfolio is like a well-balanced diet. You need all major asset classes/food groups for proper nutrition. Think of the major asset classes (equities, fixed income, alts) as your protein, carbs, and...

Monday, September 17, 2018

Think of these opposites: Good/Bad. Rich/Poor. Gain/Loss. Joy/Sadness. Investment Returns/Income Taxes. Yes, Uncle Sam is happy to take all the joy out of your investment returns and tax them. That’s why tax efficient investing...

Thursday, September 6, 2018

We hope everyone had a wonderful Labor Day weekend. We certainly did. Labor Day always marks the “unofficial” end of summer. Time for school and work to begin in earnest. It’s also an excellent time to remember the...

Wednesday, August 22, 2018

Let me help you with the details of the above chart- though it is difficult to read, it’s quite important. This graph from First Trust reflects the historical performance of the S&P 500 index from 1926 through June 2018. The...

Thursday, August 16, 2018

Americans are getting a little disaster weary. From the horrific wildfires out west to torrential rains and flooding all summer in the east, it has been quite a year. And in the south and east, we all know what August...

Thursday, August 2, 2018

In a perfect world, we would all make optimal decisions that would provide us with the greatest value and satisfaction. In economics, the rational choice theory states that when you are presented with options, you would choose that...

Monday, July 23, 2018

In only 12 years, 75% of American employees will be Millennials. By then, even the last of the Baby Boomers will be 66 and on social security (though a few of us might still be working). Generation X is a smaller cohort and some of...

Thursday, June 14, 2018

Summer is here. Perhaps you’ll take a vacation. Great! But, beyond that, what’s on the rest of your summer bucket list? Don’t waste one drop of this very special season. Here are some possibilities: Relax Nap in a...

Wednesday, May 23, 2018

Barbara Bush was one of our country’s most cherished Grande Dames of politics and we were all saddened recently when she passed. With her signature white hair and pearls and her no-nonsense attitude, we were a little in awe, as...

Thursday, May 17, 2018

On Monday, the Supreme Court struck down the 1992 federal law that said states couldn’t “sponsor, advertise, promote, license or authorize” sports gambling. The ruling in Murphy vs. NCAA agreed with New Jersey that...

Friday, May 4, 2018

We’re living longer. Back in 1935, when Social Security was started, there were 8 million Americans 65 or older. Today, there are 50 million and by 2060 there will be 100 million 65 and older. It is projected that in 2033, the...

Wednesday, February 14, 2018

We love chocolate. We also love saving taxes for our clients. Hard to believe- we’re already 45 days into 2018, dealing with a very different tax structure. We’ve been working on 2018 tax planning for our clients and...

Wednesday, January 31, 2018

With tax cuts and tax returns on everyone’s minds, we think it is a good time to look closely at our favorite currency! We might call it “dough”, “bread” or “cheddar”, we have...

Thursday, January 25, 2018

With U.S. stocks at all-time highs, now is the perfect time to review your risk profile and then make sure the asset allocation within your investment portfolio matches it. Equity markets have been on a tear. In 2017, the average...

Wednesday, January 10, 2018

Ah, winter…colder temps, snow (even in the Carolinas)…it’s a good time for the annual ski trip. But if there are words for caution when skiing, it’s always: “Don’t get too far out over your...

Thursday, October 12, 2017

What a combo! Ghosts and goblins seem pretty tame compared to the potential theft of our financial information. 146 million Americans got a big scare last month when Equifax announced that hackers had stolen their personal information...

Tuesday, September 12, 2017

Millions of Americans are being impacted by two Category 5 disasters- Hurricane Irma and the Equifax data breach!! Certainly, we’re all watching Irma spread through FL and beyond, and our hearts and prayers are with all those in...

Thursday, June 22, 2017

Summmerrrtttime! Every day in the summer at our office here in Charleston, we are regaled with the carriage tour drivers’ versions of this famous song from Porgy & Bess. We end up having that song stuck in our head a lot of the...

Tuesday, May 16, 2017

Excellent question from a valued client and an extremely important one. You need to know how your investments are performing. Are you on track to meet your goals? Are any changes needed? To start, focus on your “total return...

Wednesday, May 3, 2017

Last Wednesday, President Trump’s one-page Tax Reform Proposal was released. We expect the Administration will soon discover that Tax Reform is similar to Health Care Reform. President Trump’s February 27th...

Thursday, April 20, 2017

Gary Kasparov Gary Kasparov has always interested me. Born in the Soviet Union, he was a world champion chess player from 1985-2005. He has long been a vocal activist opposing Putin’s policies. Today Mr. Kasparov is the chairman...

Wednesday, April 12, 2017

Health care is a very hot topic in 2017. The new administration made it their leading agenda item, though we have yet to see a plan agreeable to both sides of the aisle. As Republicans contemplate how to replace the Affordable Care...

Thursday, April 6, 2017

Did you know that after 146 years, the Ringling Bros and Barnum & Bailey Circus is shutting down? No worries. It seems our friends in Washington are taking it over as it has been a circus-like atmosphere filled with noise for the last...

Wednesday, March 8, 2017

Security, or a lack thereof, has been a hot topic in the news lately, ranging from high-tech hacking scandals to sensitive information leaks. During a time of such concern, we can all agree that security is a top priority in our lives...

Wednesday, March 1, 2017

When Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc., discusses investing, most everyone in the financial industry pays attention. No one can disagree with his success or business acumen and few seem to be better at...

Thursday, February 16, 2017

Fiduciary: n. from the Latin fiducia, meaning “trust.” For Registered Investment Advisers, the legal obligation to always put their clients’ interest first and be proactive in disclosure of any potential conflicts of...

Wednesday, February 8, 2017

We loved recently learning the word for retirement in Spanish …Jubilación! It has a much more festive ring to it than “retirement” or even “financial independence”, as we say in the U.S. In France...

Wednesday, February 1, 2017

Alternative facts may work sometimes in business and politics, but they don’t work with investments. Returns are based on reality, which can be complicated, random and uncertain. 30 years ago, in his book, "The Art of the Deal,"...

Thursday, January 19, 2017

Clemson and Alabama know it. The Super Bowl contenders-Patriots, Steelers, Falcons and Packers- know it. There are many factors and lots of hard work that contribute to success. You need consistent, effective blocking and tackling....

Tuesday, January 10, 2017

Over the holidays, I heard a lot of people whine about 2016 and how they were happy that it was over. Obviously, as a Cubs fan, I am biased. 2016 delivered a gift that has been waited upon for decades! One more time, “Go Cubs Go...

Thursday, December 29, 2016

Grandsons Matthew and Henry and I went to the see "Rogue One: A Star Wars Story" yesterday. With Carrie Fisher (Princess Leia) having passed away in the morning, it was a surreal experience. Even so, we all loved it. This is the...

Tuesday, December 20, 2016

It's that time of year again. Time to get together with family, reconnect with old friends and drink eggnog by the fire. Spending time with those important people in your life is nice any time of the year, but it's always great around...

Wednesday, December 7, 2016

As parents, we want what is best for our kids and want to prepare them to be independent and successful adults. Two of my three children are in college now and, from my experience both as a parent and working at DWM, I have learned...

Tuesday, November 29, 2016

Holiday season is here. Lots to do, including year-end tax planning. Yes, you need to carve out some time to reduce your 2016 tax bill. Planning this year could be extremely important. A tax reform is likely in early 2017 that would...

Wednesday, November 16, 2016

On the morning after the election, Donald Trump pledged that he "will be President for all Americans." That was a great start. President-elect Trump has now assembled his transition team. We’re starting to see that some of the...

Wednesday, November 9, 2016

“You’re hired!” was something The Apprentice reality show viewers heard at the end of every season as someone emerged from a group of highly different “characters” and was chosen as the winner. In a...

Thursday, October 20, 2016

Aren’t you glad the contentious presidential debates are now over? Do you feel like the only things reported are politicians bashing each other and other terrible and depressing events? Wondering what this world is coming to?...

Thursday, October 6, 2016

With all the uncertainty in the news today, a human being might emotionally feel quite anxious. If you hadn’t looked at your portfolio in a while, you may assume it’s not doing so great. But your portfolio does not have...

Thursday, May 5, 2016

The financial industry is seeing some interesting changes spurred by the recently-enacted DOL fiduciary rule (see our recent blog at http://www.dwmgmt.com/fiduciary-standard-closing-in-on-reps-and-brokers/ ). At DWM, we welcome these...

Monday, July 27, 2015

Big Macs are a real bargain in China. On average, only $2.74 versus $4.79 in America. In Switzerland, it will cost you $6.82, Norway $5.65, Euro area $4.02, Chile $3.27, Russia $1.88, and India $1.83. These values are from The...

Thursday, January 8, 2015

Diversification. We talk a lot about it. It’s basically our religion when applying reasoning to investing. Diversification is a technique that reduces risk by allocating investments among various financial asset classes,...

Friday, June 15, 2012

A Big Mac has 540 calories and 29 grams of fat. It also contains important economic information that The Economist and others use to compare international prices and wages. In January, a Big Mac cost $6.81 in Switzerland, $4.20 in the...