Snyder Daniel Wealth Advisors of Janney Mongtomery Scott LLC

With tax scams tending to spike from December through April, check out this list of the IRS' “Dirty Dozen” tax scams and some tips on how to stay protected including:

- Never give out information, especially your Social Security number, to someone claiming to represent the IRS.
- Be wary of emails and texts that may be scams to steal personal information.
- Avoid ads touting refunds, which can be based on inaccurate information related to eligibility for and computation of the credit.

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Look Out For These Top Tax Scams When Filing Your Taxes Be hyper-alert for fake communications from those posing as the IRS agents, which arrive in the form of an unsolicited text (smishing) or email (phishing) to lure you to provide valuable personal and financial information that can lead to identity theft. The IRS will never send taxpayers an email ab...

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Lower Inflation and Healthy Consumer Spending Supports the Rally The Personal Consumption Expenditures report remains consistent with inflation falling toward the Federal Reserve’s (Fed’s) 2.0% target while consumer spending remains robust.

We hope your New Year is safe, joyful, and prosperous.

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Economic Readings and Stock Market Internals Consistent With Soft Landing We remain encouraged by the stock market rally with many signals consistent with a bull market. Major indexes are at or near all-time highs.

There are several advantages to using 529 Plans to help fund a grandchild’s education, including:

- Contributions are treated as gifts, which removes assets from your estate, providing potential tax benefits.
- Allows for tax-deferred growth as all earnings are withdrawn tax-free when used for permitted education purposes.
- You maintain control of the assets, unlike other types of gifts, as funds can only be used according to the will and direction of the account holder.

Read more about these advantages and other considerations when using 529 plans to help fund education for the next generation and see if this solution is right for you.

529 Plans: A Tax-Efficient Way to Fund Your Grandchildren’s Education When grandparents are given the gift of grandchildren, they are often filled with the desire to do anything they can to help, financially and beyond. In fact, according to the AARP, grandparents spend approximately $179 billion on their grandchildren every year.

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

Stock Market Strength Broadens As Fed Signals an End to Rate Hikes We remain encouraged by the year-end stock market rally. All S&P 500 sectors advanced after the Fed announcement, pushing the S&P 500 higher for a fifth consecutive day, and closing above 4,700 for the first time since mid-January 2022.

Our Investment Strategy Group discusses the Federal Reserve's decision to hold interest rates for the fourth consecutive time and what it means for the market. Some highlights:
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- It appears inflation has settled into a tolerable range, with 3-month and 6-month core PCE trending at a 2.3% - 2.4% annual rate.
- Short-term markets have been running ahead of Fed rhetoric, though FOMC members are leaning towards possible cuts.
- The dot plot accompanying today's FOMC is net dovish relative to September, though the dispersion of rate expectations is very wide.
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Once A Grinch, Forever Changed Fed policymakers held overnight interest rates unchanged at 5.25% - 5.50%, the fourth consecutive hold after 18 months of hikes.

Did you know you can save on taxes while supporting your favorite charities and causes? Learn more about several tax-smart strategies when giving charitable gifts.

Tax-Smart Charitable Gifting Strategies While each of us has our own very personal motivations for and approach to giving, collectively Americans continue to be the world’s most charitable nation. In 2021 alone, annual charitable gifting in the United States totaled $484.85 billion (with gifts by individual comprising 67% of the total)....

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Inflation Indicators and Stock Market Internals Remain Encouraging November business surveys remain consistent with slower, but positive, economic growth, while stocks show a potential end to Fed rate hikes.

Happy Hanukkah! We hope your celebrations are full of peace and light.

There are many options for charitable giving, from direct contributions of cash and property, to donor-advised funds, foundations, and charitable trusts. Read more about your options.

Discover the Emotional and Fiscal Benefits of Philanthropy Giving back to enrich one’s community can be one of the most rewarding experiences for both the donor and recipient. According to Giving USA, Americans gave $484.85 billion to charity in 20211. While the act of philanthropy can yield heartwarming results, there also can be lucrative benefits to gi...

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Falling Inflation and Long-Term Bond Yields Remain Encouraging With inflation and long-term interest rates falling, stocks continue to respond favorably. Discussed in this report are several important stock market indicators that are sending encouraging signals as we head into year-end.

As the year draws to a close, it's important to consider tax planning strategies to minimize your tax burden and maximize your savings. Here are a few key considerations:

- Explore Roth conversions to take advantage of lower tax rates.
- Take your required minimum distributions (RMDs) from retirement accounts.
- Consider charitable giving to avoid capital gains tax and claim a tax deduction.
- Make qualified charitable distributions (QCDs) directly from your IRA to a qualifying charity.
- Keep tabs on proposed tax legislation and update your estate plan accordingly.

Read this article for additional strategies to consider before the beginning of 2024.

9 Considerations for 2023 Year-End Tax Planning Despite the challenging environment, you are still able to and should focus on traditional year-end income tax planning. While many issues are out of our control, our tax situation is not one of them. Here are several things to consider before the beginning of 2024.

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

Improving Market Internals an Encouraging Sign Heading Into Year-End Economic readings remain consistent with slower but positive growth. However, inflation is also falling, and interest rate markets are now suggesting no more rate hikes from the Federal Reserve.

Today we give thanks for our clients, colleagues, family, and friends. Wishing you a happy Thanksgiving.

The physical, financial, and emotional strain of assisting a loved one with social or health needs can have substantial impact on the caregiver. In this article, learn how long-term care planning can help.

Long-Term Care: Impact on Family Caregivers When you are young and healthy, it is difficult to imagine a day when you may need longterm care (LTC). This may include receiving help at home with basic daily activities such as bathing, dressing, and eating; community services like adult day care and transportation; or ongoing care in a nursing h...

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Stocks Supported by Lower Inflation, Profit Growth, and Seasonal Pattern The year-end is historically a strong seasonal period for stocks. This, coupled with a potential end to interest rate hikes and better-than-expected profits, should further support stocks into year-end.

The possibility of experiencing a long-term care event later in life is a real concern for retirees and their families. Read more for some tips on how to start the conversation with your parents and how to prepare for the costs.

Having a Long-Term Care Conversation with Aging Loved Ones As your parents age, there’s a significant chance they will need long-term care. According to the Department of Health and Human Services, more than half of Americans turning 65 this year will develop a disability serious enough that they will need help with the basic activities of daily living. M...

In this issue of Investment Perspectives, our Investment Strategy Group examines the odds of a recession within the next year, bond market sensitivity to supply, and seasonal market bias.

November Investment Perspectives In this issue of Investment Perspectives, we examine the odds of a recession within the next 12 months, look at the bond market sensitivity to supply, and discuss why the seasonal bias is skewed to the positive.

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Slower Growth but Lower Inflation Supporting Current Stock Rally Stocks have impressively broken out of their three-month downtrend, which increases the odds of a further year-end rally. Stocks are being supported by third-quarter profits that continue to come in better-than-expected.

Today and every day, we honor our veterans. Thank you for your service.

As the year-end approaches, a Roth conversion could provide several tax and estate planning advantages. Learn more about the benefits and if a conversion makes sense for you.

Roth Conversions: A Holiday Gift That Keeps Giving A Roth IRA is an individual retirement account which allows you to set aside after-tax income up to a specified amount each year, where both earnings on the account and withdrawals after age 59 ½ are tax-free. The use of a Roth account can also be leveraged as a tax-efficient estate planning strate...

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Potential Stabilization of Interest Rates Would Bode Well for Stocks The ISG provides this client-friendly weekly report. One of the highlights reads: Profits are coming in better-than-expected. This, coupled with positive seasonal and other technical patterns, should also support stocks into year-end. Please read the article.

If you are self-employed with no employees, establishing a retirement plan for your business may sound like a daunting process. However, there are a variety of retirement savings plan options available. Learn more.

Retirement Plans for the Self-Employed: Choosing the Right Plan for You If you are self-employed with no employees, establishing a retirement plan for your business may sound like a daunting process, but it does not need to be. The Internal Revenue Service (IRS) offers a variety of retirement savings plan options.

Trick or treat? We hope you have a Halloween full of treats.

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

Healthy Economic Readings Resulting in Significant Upward Growth Revisions Better-than-expected economic readings, including recent retail sales and industrial production releases, have resulted in significant upward revisions to third quarter economic growth estimates.

Do you have questions about your Medicare eligibility and coverage, as well as how to best navigate your options? Read this overview to help best address your needs.

Navigating your Medicare Options By gaining a general understanding of your Medicare eligibility and coverage, you will likely be in a better position to navigate the options that will best address your needs.

Our Investment Strategy Group discusses why productivity is critical for economic growth, including its impact on major sectors of the economy and the resulting investment implications.

Importance of Productivity Productivity is critical for economic growth, corporate performance, and higher living standards. We see several key factors that could sustainably boost U.S. productivity in the coming years. We discuss these factors, their impact on major sectors of the economy, and the resulting investment implic...

As you prepare for retirement, you should review and understand the various options to cover your health care costs and needs. Learn more about several options:

Which Programs Should You Consider To Cover Health Care Costs? Many Americans underestimate their health care costs in retirement, which is an issue because those future bills may turn out to be significantly higher than you expect.

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Labor Market Strength Remains Consistent With Further Economic Growth The ISG Weekly Report states that the September employment report showed payrolls expanded by an impressive 336,000 in September, well above the highest estimate and double the consensus of 170,000.