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Tax knowledge is considered to be the most important factor when choosing a financial advisor, according to a new survey, which also found the CPA credential to be the one most associated with financial advice. The survey, from 1st Global, a wealth management firm that works with CPAs, found that 66 percent of affluent and […]

  The Return of Volatility After a 2017 market that will go down in the history books as a year with among the lowest levels of volatility on record, 2018 markets seem to set out to revert to long-term average volatility levels. The first few weeks hinted at a repeat of 2017, only to have […]

Some things in life are better when combined with other things. Peanut butter is great, but better with jelly. S’mores are wonderful, but somehow tastier when eaten next to a campfire. Mobile phones are indispensable, but incrementally improve with every added app. This idea holds true with financial advice as well. CPAs and financial advisors […]

Calm before the Storm? Have you ever gone from the pleasant observation that things are calm and quiet to an urgent sense that they’re too calm and quiet? As it relates to the U.S. equity market, this notion has at least crossed our minds. Surely, the more interesting aspects of the market this year include […]

HOW TO IMPROVE YOUR FINANCIAL FUTURE Having just emerged from tax season and working on over 500 tax returns, it is important to stop to reflect on client situations, trends, common mistakes and how financial lives can be improved. TAX PLANNING: “STAY AWAKE” REMEMBER YOUR TAX SITUATION CHANGES FROM YEAR TO YEAR. AS YOUR INCOME […]

Change is Upon Us It can be a challenge sometimes to identify an appropriate theme for our quarterly newsletter. That is not the case for this quarter, as we find ourselves surrounded by change.  While the turn of the calendar each year represents a significant change in itself, unique this year is the change in […]

by Peter D. Prescott CPA, Masters in Taxation 1) Schedule a year-end tax planning meeting to consider the following: Reposition your assets to avoid the additional Obamacare taxes on passive income. Income shifting to reduce 2016 or 2017 taxes. Consider a Roth IRA conversion now to provide you tax planning flexibility. Review investment portfolio(s) to […]

Fourth Quarter, 2016 Dear Client, At Prescott Tax & Wealth Management, we are committed to communicating with you regularly to keep you updated on the financial markets and our portfolio strategies. In this letter, we provide an update on the economy, financial markets and management of your portfolio in the current environment. The following topics […]

by Peter Prescott When it comes to retirement planning, people commonly struggle with the first step, figuring out where to turn for a personal financial plan. There are a myriad of options. One’s bank or credit union may have a wealth management group who can produce one. The brokerage firm where one maintains their IRA or other […]

Third Quarter, 2016 Dear Client, We are pleased to present our third quarterly newsletter for 2016. We hope you find the information useful and helpful in your investment considerations. In this letter, we provide an update on the economy, financial markets, and management of your portfolio in the current environment. We are committed to communicate […]