2023 Tax Update

IRA Owners Get More Tax Relief and Other “Fixes” If your head is spinning from all the changes to IRA rules in the last few years, you’re not alone. On December 20, 2019, Congress passed a sweeping retirement reform bill known as the SECURE Act, which changed the rules for retirement accounts in several important…

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Investment Review & Outlook – July 2023

Key Takeaways The US economy has remained fairly strong, delaying the onset of a recession resulting from the Federal Reserve increasing interest rates 10 times over the last year. A mild recession is our base case as we expect the interest rate environment will slow economic growth eventually, increasing financial pressure on consumers and corporations…

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John Pettenati Joins 1919 Investment Counsel

JOHN PETTENATI JOINS 1919 INVESTMENT COUNSEL AS A BUSINESS DEVELOPMENT OFFICER 1919 Investment Counsel, LLC (“1919”) is pleased to announce the hiring of John Pettenati as a Principal and Business Development Officer in the New York Office. Mr. Pettenati joins the firm from Northern Trust, where he was a Senior Wealth Strategist. Prior to that,…

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Investment Review & Outlook – April 2023

Key Takeaways Both stocks and bonds managed to post gains for the quarter, despite a banking crisis, interest rate increases, and geopolitical concerns. This is a welcome relief following a challenging 2022 and ongoing volatility that has continued in 2023. Our forecast for a mild recession late in 2023 has been pulled forward due to…

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Investment Review & Outlook – January 2023

Key Takeaways 2022 was defined by inflation that proved not to be transitory and which was further exacerbated by the war in Ukraine. The Federal Reserve responded with sharp rate increases which led to double-digit declines for both stocks and bonds. A moderate recession likely is on the horizon in 2023, with higher unemployment and…

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Investment Review & Outlook – October 2022

Key Takeaways We believe that the Fed is committed to driving current inflation down to target levels (2 to 2.5%) and wants to make sure inflation will not flare up again due to premature easing, avoiding a repeat of the late 1960s and 1970s. The consequence of Fed actions is a high probability of recession…

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A BASIC Path to Prosperity: 5 Financial Steps Every Woman Should Consider

What does it take to achieve financial prosperity? Specifically, how should women approach this goal? These days, these questions come into more focus. Women have more money, power, and are in charge of their own finances now than ever before, and with about one-third of U.S. adults being single, millions of women are running their…

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1919 SDGs Series: Responsible Production and Consumption

A 1919 Series: The UN Sustainable Development Goals (“SDGs”) Responsible Production and Consumption At 1919 Investment Counsel, LLC (“1919”), our Responsible Investing team seeks investments that not only align with our clients’ financial goals and values, but also have a positive impact on society. This edition of our series on the UN SDGs considers the…

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Investment Review & Outlook – July 2022

Key Takeaways Persistent inflation reached a 40-year high in the second quarter causing consternation for consumers, corporations, and the Federal Reserve. While the cure for high inflation (rate increases) may result in short-term pain for investors, it will benefit financial assets longer term. A 75-basis-point rate hike by the Fed in mid-June reflected a more…

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