With the 2020 presidential election we could see some major changes to U.S. tax laws depending on the outcome at the polls. Let’s take a look at some of the proposed changes to current gift and estate tax laws and how they might affect your current estate plan.

Show Notes:

Important Disclosures: https://www.bosinvest.com/disclosures.

The following are important footnotes from this episode:

1 Garrett Watson, Huaqun Li, and Taylor LaJoie, “Details and Analysis of Democratic Presidential Nominee Joe Biden’s Tax Plan”, Tax Foundation, October 22, 2020,  https://taxfoundation.org/joe-biden-tax-plan-2020/

2 Robert McClelland and Mark J. Mazur, “Permanently Extending the Tax Cuts and Jobs Act, President Trump would Cut Taxes by $1.1 through 2030”, Tax Policy Center, October 27, 2020,  https://www.taxpolicycenter.org/taxvox/permanently-extending-tax-cuts-and-jobs-act-president-trump-would-cut-taxes-11-trillion

3 Democrats.org, “Party Platform: The 2020 Democratic Platform”, October 15, 2020, https://democrats.org/where-we-stand/party-platform/

4 Rocky Mengle, “Election 2020: President Trump’s Tax Plans” https://www.kiplinger.com/taxes/601307/election-2020-president-trump-tax-plans

5 Stephen Liss, “Election 2020 Will Estate Planning Ever Be the Same?”,Law.com, Sptember 11, 2020, https://www.law.com/newyorklawjournal/2020/09/11/election-2020-will-estate-planning-ever-be-the-same/?slreturn=20200929173954

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ Composite Index, which is a market capitalization-weighted index of common equities listed on the Nasdaq stock exchange. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities. Additionally, the briefing references the MSCI EMU Index, which is a market capitalization-weighted index of companies domiciled within countries that are in the European Union and that have adopted the Euro as the common currency. Finally, it referenced the Russell 2000 Index, which is a market capitalization-weighted index of U.S. small cap stocks that consists of the 2,000 smallest publicly traded stocks in the Russell 3000 Index. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ 100 Index, which is a modified market capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ exchange. No security may have a weighting of greater than 24%. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the MSCI ACWI ex US Index, which is a market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S An index is unmanaged and not available for direct investment. Additionally, the episode referenced the MSCI United Kingdom Index, which is a free float-adjusted, market capitalization-weighted index designed to measure the performance of large and midcap equity securities in the equity market of the United Kingdom. Further, the episode referenced the MSCI Emerging Markets Index, which is a market capitalization-weighted index that captures large and midcap companies in emerging market countries around the world. Finally, the episode referenced the MSCI China Index, which is a free float-adjusted, market capitalization-weighted index designed to measure the performance of large and midcap equity securities in the Chinese equity market. A-Shares, H-Shares, B-Shares, Red Chips, and P-Chips may be included in the index. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

In December, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law with the aim of expanding the retirement saving options available to Americans. The act suddenly overhauled many of the retirement account rules that had been in place for numerous years.

Show Notes:

Important Disclosures: https://www.bosinvest.com/disclosures

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the Russell 2000 Index, which is a market capitalization-weighted index of U.S. small cap stocks that consists of the 2,000 smallest publicly traded stocks in the Russell 3000 Index. Lastly, it referenced the MSCI ACWI ex US Index, which is a market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S An index is unmanaged and not available for direct investment. 

For important disclosures, please see bosinvest.com/disclosures.

In a year full of surprises, one of the biggest in the markets has been the magnitude of the rebound in stocks. Since the lows in March, U.S. stocks, as measured by the S&P 500, have gained more than 50% while foreign stocks have returned more than 40%.6 The strength of the rebound is remarkable considering the continued economic challenges and uncertainty caused by COVID-19. The rebound reminds us of just how difficult it is to successfully time the market.

Show Notes:

The complete Quarterly Summary is available on the B|O|S website here.

The following are important footnotes from this episode:

[1] S&P 500 Index: A market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. An index is unmanaged and not available for direct investment.

[2] MSCI ACWI ex US Index: A market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S. An index is unmanaged and not available for direct investment.

[3] NASDAQ 100 Index: A modified market capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ exchange. No security may have a weighting of greater than 24%. An index is unmanaged and not available for direct investment. 

[4] As of September 30th, the combined value of stocks in the Technology and Communications sectors and Amazon comprised 41% of the total market value of the S&P 500, exceeding the previous high of 37% at the end of 1999. (Source: Bespoke Group, Morningstar, Yahoo Finance).

[5] S&P 500 Equal-Weighted Index: An index that applies equal weights to all index constituents in the market capitalization-weighted S&P 500 Index. An index is unmanaged and not available for direct investment.

[6] As measured by the Total International Stock Index (Source: Vanguard, Yahoo Finance).

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the MSCI ACWI ex US Index, which is a market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S. Finally, this episode also referenced the Bloomberg Commodity Index, which is an index that reflects the return of a broad basket of commodity futures contracts with the collateral invested in 3-month Treasury Bills. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

The passage of Proposition 19 on the November 3, 2020, ballot will have a significant financial impact on the transfer of real property to one’s heirs and for those homeowners who are over age 55, disabled, or victims of a natural disaster or waste contamination.

Proposition 19 will limit the ability of heirs to keep low property tax payments on inherited property and will also broaden the rules allowing eligible homeowners to take a portion of their property tax base with them when they sell their home and purchase a new one.  

Show Notes:

The following are important footnotes from this episode:

1 All numbers are approximations.

2 For more information, see California Revenue and Taxation Code section 64(c).

3 For more information, see California Revenue and Taxation Code section 64(d).

Important Disclosures: https://www.bosinvest.com/disclosures