Wealth Management

4th Quarter Economic Update

January 23, 2019, by Lindsey Owens Krausen

Investors overreacted during the 4th Quarter, but for understandable reasons. There has been a lot of ‘uncertainty’ in the markets, and no one likes uncertainty. Unfortunately, all these worries seemed to hit at a time when standard negative seasonal factors were at play. As a result, the markets were still wringing their collective hands after the somewhat usual bad October. In simple terms, the buyers just didn’t show up in November and December like they...

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Your 2018 Taxes: What to Expect

, by Lindsey Owens Krausen

It’s that time of year again.  Tax time.  Before you file your 2018 taxes, we wanted to share an overview of the key tax changes affecting individuals made by the Tax Cuts and Jobs Act of 2017. Although this is just a general overview, we found this article to be very beneficial in helping our clients understand some of the key changes. Taxpayers should anticipate some big changes when they file their 2018 federal income...

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Rethinking Retirement

, by Lindsey Owens Krausen

Retirement: Sounds great, right?  Traveling, taking those cooking classes you’ve always wanted to take, or even just the thought of relaxing sounds fantastic.  On the flip side, what will you do with all the extra time? Additionally, you could be missing out on valuable employee benefits and opportunities to continue expanding your financial horizons.  Although there are many perks to retirement, there are also many perks to postponing your retirement as well.  More and more...

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Dear John

, by Lindsey Owens Krausen

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, What is your biggest prediction for 2019? My biggest prediction? I tend to compartmentalize things. For instance, I don’t have one favorite movie. Instead, I have a favorite comedy, a favorite drama, a favorite war flick, and so on. The same is true for restaurants; my favorite place for pizza, burgers, etc. For this reason, I don’t have just one big prediction. So,...

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Common Cents for November 2, 2018

November 1, 2018, by John Norris

The opinions expressed herein are those solely of John Norris, and do not necessarily reflect the views or opinions of Oakworth Capital Bank, its management, its ownership, or its associates. The $64,000 Question here at the end this week is: “who is going to win the midterm elections this upcoming Tuesday?” I am going to go out on a very short limb and say the media outlets will, as millions of us will tune into the...

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Incentive Trusts – Keeping a Steady Hand on the Tiller

October 24, 2018, by John Norris

How you chose to pass down your wealth to future generations is very important.  Whether it be children, grandchildren, or great-grandchildren, a strong legacy is a wonderful way to ensure the future success of your heirs.  However, establishing your estate plan can be extremely worrisome as the legacy you’ve established is no longer in your hands.  Many tend to worry that a large amount of money could encourage those left behind to make decisions you...

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3rd Quarter Economic Update

October 22, 2018, by Lindsey Owens Krausen

As the last several weeks have demonstrated, the current economy and markets are not for the faint of heart. We will continue to see volatility, which will be exceedingly unpleasant at times, for no other reason than the current economic expansion and Fed tightening cycle are getting a little long in the tooth. Or in a tip of the cap to the baseball playoffs, perhaps I should say we are entering the latter innings of...

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Dear John

, by Lindsey Owens Krausen

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, What kind of impact do you think the midterm elections will have on the US economy and markets? I have long maintained politicians get too much blame for the bad times and too much credit for the good. The upcoming elections will NOT change that conviction. Discussing politics is always a slippery slope, but I have run what you could only call ‘Monte...

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Fed Raises Rates

September 26, 2018, by John Norris

This afternoon, the Federal Open Market Committee (FOMC), the monetary policy making arm of the Federal Reserve, raised the overnight lending target 0.25% (25 basis points) from 2.00% to 2.25%. This was as expected, as the futures market had been giving it a 100% probability for some time now. The only real question was: will the Fed give us any idea about the next move(s)? As is usually the case, it did and it didn’t....

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Estate Planning Checklist

September 10, 2018, by John Norris

You might be surprised by the number of successful people who don’t have an updated will. I recently spoke with someone whose most recent one dated from when their now 40-year old child was in diapers. Obviously, a lot has changed in their financial picture over the last four decades. I will be blunt: drawing up a will and devising an estate plan isn’t a lot of fun, and not just because a lawyer is...

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