From the Desk of Jack W. Kennedy III
"This may be the fastest summer in history."
As we begin to close out the summer season, this sentiment has been popular among colleagues, friends and family – and one that I’ve heard on nearly a daily basis. This summer has been quite the contrast to what we experienced in 2020 and the painful isolation from our loved ones. Without doubt and looking back, it felt like the longest summer in history. There were no graduations, barbeques, birthdays, fireworks or any of the summer traditions and celebrations that so many of us enjoy. While 2020 was in slow-motion, 2021 has felt like watching a movie in fast forward. With every life experience, there’s always an important lesson-learned as part of the journey. 2020 taught me to appreciate this summer more than any other of my life. It reminded me to appreciate the little things in life and the times spent with those that matter most. With only 22 days remaining in the summer of 2021, I hope you enjoy every second and never take a single moment for granted. I promise to do the same.
As always and on behalf of our KIG family, thank you for the opportunity to serve you and play a part in your life’s journey.
Business Owners – Year End Tax Tips
If you or someone you know is a business owner, I encourage you to read or forward this insightful article. The article covers Section 179, 100% bonus depreciation, redesigning your retirement plan, reconsidering your business structure, the Cares Act and carrying back losses, vehicle deductions and more. Consult with your Tax Advisor before the tax season is in full force!
At KIG, we always say it’s the income that produces the outcome. However, it’s been a challenge generating income in a low interest environment. Today’s low interest rates have challenged us to pivot and seek alternative strategies for income. This article highlights alternative strategies to complement a well-diversified portfolio.
Turning Age 65?
Here we go ... last, but certainly not least, I’ve decided to choose an exciting topic – Medicare Planning! If you are under the age of 62, forward this link to your 62+ friends and family. Otherwise, it may be a coin toss; read my article or go outside and watch grass grow. However, in all seriousness for those that are approaching the age of 65, your Medicare choices can be overwhelming and stressful. If you are approaching Medicare or already on Medicare, I encourage you to read these two informative articles. In September, KIG will be hosting a dinner at The Riverwinds Restaurant (West Deptford, NJ) to help consumers better understand Medicare enrollment, along with selecting the right supplemental plan that works for you. Please contact our office if you would like to learn more about Medicare planning/strategies and we look forward to seeing you at our September event.
Any opinions are those of Jack W. Kennedy and not necessarily those of RJFS or Raymond James. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Past performance is not indicative of future results. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Sector investments are companies engaged in business related to a specific sector. They are subject to fierce competition and their products and services may be subject to rapid obsolescence. There are additional risks associated with investing in an individual sector, including limited diversification.
All expressions of opinion reflect the judgment of Raymond James & Associates, Inc. and are subject to change. There is no assurance any of the trends mentioned will continue or that any of the forecasts mentioned will occur. Economic and market conditions are subject to change. Investing involves risk including the possible loss of capital. The S&P 500 is an unmanaged index of 500 widely held stocks. It is not possible to invest directly in an index. The market performance noted does not include fees and charges which would affect an investor’s returns. Past performance may not be indicative of future results.
Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Raymond James financial advisors do not render legal or tax advice. Please consult a qualified professional regarding legal or tax advice.