Insights

Despite considerable uncertainty surrounding the U.S. election, monetary policy, and geopolitical factors, 2024 proved to be a year of resiliency for the economy. Consumer spending remained strong, buoyed by a rising stock market, falling interest rates, and a healthy labor market

We are proud to have sponsored the New England Disabled Sports (NEDS) event at Topgolf. The evening was filled with fun and camaraderie, all for a truly inspiring cause.

Enacted in 2017, the Tax Cuts and Jobs Act (TCJA) was one of the most extensive tax law reforms in over 30 years. Changes under the TCJA were wide-ranging and impacted individuals, estates, and businesses. The legislation is set to “sunset” on December 31, 2025, reverting back to the rules in effect pre-2018.  

Short-term interest rates have likely peaked, and we expect a gradual decline into year-end as the Fed brings the policy rate down to a range of 3-3.5% at a gradual pace.  With inflation falling, “real” yields (net of inflation) remain positive, which is encouraging for savers.

Third quarter stock market performance was strong, and it looked a lot like the second quarter’s, at least at a high level. U.S. stocks, as measured by the S&P 500 Index, returned nearly 6% in the third quarter compared to 4.3% in the second quarter, including dividends.

Despite tight monetary conditions and the highest borrowing costs in two decades, economic growth has remained quite healthy, and the Federal Reserve (Fed) is hoping to keep it that way.  At the September meeting, they decided to “go big,” opting to cut the short-term federal funds rate by half a percentage point. 

We are delighted to formally introduce Richard Kutia as the newest member of the Howland Capital team, where he will serve as our Chief Fiduciary Officer. Richard brings a wealth of estate planning and trust expertise and a steadfast commitment to excellence.

Charitable giving is a personal and powerful act that can transform the lives of those in need. Beyond your personal wealth and legacy, there's a vast world of charitable giving strategies that can elevate your philanthropy to the next level. In this exploration, we unpack the concept of Donor-Advised Funds (DAFs) and dissect why they've become a popular philanthropic strategy.

Beginning January 1, 2024, there is a new Federal filing requirement for small businesses that comes with large civil and criminal fines and possible jail time for noncompliance. To be in compliance, all small businesses (S Corps & C Corps and LLCs) need to file a Beneficial Ownership Information Report (BOI) with the Financial Crimes Enforcement Network (FinCEN).