2023: History Does Not Repeat Itself, But It Rhymes

First, I want to say thank you for the support and trust you have placed in myself and my team not only this past year, but throughout our journey as we celebrate five years being in business as of January 2nd. This annual letter is designed to report to you various happenings both with the firm itself and our outlook …

SECURE ACT 2.0: What You Need to Know

With the recent passing of the bipartisan budget bill, a number of substantive changes were also enacted. These changes impact who is eligible for workplace retirement benefits and how they are implemented, how contributions into qualified retirements work, and how distributions from these accounts during retirement work. This article is divided into those three sections to make it easier in …

Believe Them

Early in the morning on November 10th, 2022, Jihye Lee from CNBC published an article with the headline “Sequoia Capital marks down its FTX investment to $0.” In the article, Sequoia is quoted as saying that “a liquidity crunch has created solvency risk for FTX” and “the full nature and extent of this risk is not known at this time.” …

Cash Charitable Contribution Considerations

With the beginning of fall comes another season, one filled with holidays and festivities and cheer. It is also during this time that charities ramp up their fundraising efforts. In fact, according to Charity Navigator (July 2018), a charity-rating/due diligence non-profit, “nearly one-quarter of Americans report making the majority of their charitable gifts in the last quarter of the year, …

Build Wealth: Live With Your Parents Until Age 26

I can imagine that regardless of whether you are a parent or a young adult, you will read this title and immediately exclaim “Absolutely not!” (Or something . . . similar to that in meaning). I regularly hear rants from parents that once their kid turns 18 they are “out on their own.” When I ask why 18, they tend …

Survival of the Unfittest and the Great Reset

Over the past several years, I have encountered a wide variety of forms of excessive risk. These risks have manifested in a variety of ways, from the gross overvaluation of companies to businesses being able to borrow money at virtually no interest rate whatsoever, to the propagation of concepts such as cryptocurrency and other digital “assets.” I have watched these …

2023 Will Be a Huge Year for HSA’s

We have discussed in previous articles the benefits for contributing to HSA’s. You can make pre-tax contributions, hold and grow investments in them, with those deposits and growth also being tax-free on withdrawal for medical expenses. For people age 65 and older, funds can also be withdrawn without penalty. This makes the HSA both the preferable savings tool for long-term …

2022: The Beat Goes On

2022: The Beat Goes OnBriggs Financial Inc. Annual Letter I feel like in many respects 2021 was perhaps a more difficult year than last year. While the pandemic reared in tremendous uncertainty in 2020, including the largest five-week drop in the history of the stock market, this past year has yielded a combination of highs, lows, but also a sort …

Fixed Income Funds Are Farsical

The thesis regarding the development and usage of fixed income funds seems reasonable on its surface. They look at a variety of factors, including volatility, benchmarks, correlation, and time horizon as a means of determining what assets are in their fund. The goal ultimately is a combination of capital preservation and income generation for the shareholder, paying out a consistent …