D3 Featured in Crain’s Chicago Business Executive Wealth Management Guide: D3 was a participating sponsor in this year’s guide published on June 18, 2018. We were proud that one of D3’s clients was interviewed for this insightful piece. Click on this link to review the articles featuring D3 in Crain’s Executive Wealth Management Guide.
Financial Plan Update Season: Thank you to all the clients that have responded to our financial plan update information request. As we have started working on these plan updates we have seen several examples of how we are generating benefits to our clients: Because of the positive market performance in 2017, we are able to recommend reducing portfolio risk. We are helping clients maximize the tax benefit of their charitable contributions now that itemized deductions have changed. We are able to better estimate the impact of the tax law change if we have updated tax withholding information for our working clients.
Tax Season is Over (Yahoo!): As a reminder, tax planning for next year begins today. To help you plan for next year, we have created spreadsheets you can use to keep track of your deductible real estate, medical, charitable and vehicle expenses. Click on links to download the spreadsheet that best suits your needs: Charitable Donations, Medical Expenses, Business Expenses, Home Office Expenses, Vehicle Expenses, and Rental Expenses.
Business Update At D3 we are focused on the following activities: Taxes for AFO (Affordable Family Office) Clients: As we get closer to the end of another tax season, we would like to remind all of our AFO clients that we are not just doing taxes; we are also doing tax planning. For every tax return that we complete, we look for opportunities to implement tax savings strategies whenever possible. Examples include IRA and HSA contributions that can still be made until the date your tax return is filed.
There are two major drags on the success of your financial plan: fees and taxes. Fees are necessary to get professional management and advice and usually average about 1.5%. You should evaluate the value you get by paying fees at least annually. Taxes are a significantly bigger drag than fees. The lowest capital gains tax rate is 15% or ten times as much as the average advisor fee. If you can minimize the tax drag on your wealth accumulation and retirement drawdown strategies, you can significantly increase cash flow and family wealth.
D3 Comments on Market Volatility We have been sharing with all of our clients for at least 6 months that a technical correction in this market was long overdue. Our primary indicator was that normal volatility in the market had been very subdued and abnormally low.
Business Update Portfolio Performance: We look to reconcile all client accounts by January 10th. Once all accounts are reconciled we will review your portfolio performance reports and look to have them on your client portal or mailed to you by January 19th.