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2025 Client Year End Letter
Executive SummaryAs we close 2025 and look ahead to 2026, financial markets continue to be supported by earnings growth and sustained investment in productivity-enhancing technologies, including artificial intelligence. At the same...
Read MoreCrosswalk Update: Section 530A ("Trump") Accounts
Dear Client,We are writing to provide an educational update on new Section 530A accounts, commonly referred to in industry and government publications as “Trump Accounts.” These accounts were created under recent federal tax...
Read MoreHow to Report U.S. Treasury Inflation-Protected Securities (TIPS) on a Tax Return
How to Report U.S. Treasury Inflation-Protected Securities (TIPS) on a Tax Return U.S. Treasury Inflation-Protected Securities (TIPS) adjust their principal value based on changes in the Consumer Price Index (CPI). These adjustments...
Read MoreWhy We Use U.S. Treasury Inflation-Protected Securities (TIPS) in Client Portfolios
Why We Use U.S. Treasury Inflation-Protected Securities (TIPS) in Client Portfolios U.S. Treasury Inflation-Protected Securities—commonly called TIPS—are a specialized type of Treasury bond designed to help preserve long-term...
Read MoreUnderstanding Required Minimum Distributions (RMDs) and Distribution Timing Options
Understanding Required Minimum Distributions (RMDs) and Distribution Timing Options For Educational Purposes Only – Not Individualized Tax or Investment Advice This memorandum explains (1) the basic rules governing Required Minimum...
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Crosswalk Timely Update | November 3, 2025 |2026 Social Security, Medicare, and Tax Updates
Overview The Social Security Administration (SSA), Centers for Medicare & Medicaid Services (CMS), and Internal Revenue Service (IRS) have announced new benefit and tax parameters effective January 1, 2026. This memo summarizes those...
Read MoreHistory Has Never Let Valuations Stay This High Forever
Client Market Outlook Memorandum — October 2025 Crosswalk Investments Client Memo - History Has Never Let Valuations Stay This High Forever 1. Overview U.S. equity indexes continue to reach new highs, yet nearly every long-term...
Read MoreWhen Gold Speaks: What Its Rise May Be Telling Us About Monetary Credibility and Inflation Risk
OBSERVE Crosswalk attempts to view market reality as it is—not as we wish it to be—seeking to recognize what is actually occurring while deliberately mitigating the influence of bias. Gold has experienced a spectacular increase in...
Read MoreWhat We're Doing for Your Portfolio in Today's Market
To those we serve, The U.S. stock market has recently closed at record highs (Reuters). While this is encouraging, history shows that record levels can sometimes mask future risks. One of Wall Street’s most respected strategists, Bob...
Read MoreHow to Know if It's Really the IRS Contacting You
IRS Tax Tip 2025-46 Summary The IRS recently issued guidance to help taxpayers distinguish official IRS communications from scams. Below are practical tips based on IRS Tax Tip 2025-46 to help you avoid becoming a victim of fraud. 1....
Read MoreWhat's Real and What's Rhetoric?
Clarifying Media Narratives Around Tax Cuts and Government Spending To our clients and friends, Recent headlines about tax policy and federal spending have stirred up a lot of debate—and sometimes, confusion. As your financial advisor,...
Read MoreSocial Security’s Timeline Shifts: What You Need to Know
Update on Social Security Trust Fund Projections – 2025 Trustees Report 📰 Summary The Social Security Administration just released its annual Trustees Report on June 18, 2025. While Social Security remains solvent in the near term,...
Read MoreRethinking Risk and Forward Return Expectations
A Strategic Perspective on Risk and Return Expectations Yield Signals and Market Repricing A recent Bloomberg article referenced research by Bank of America noting that bond yields rose in 12 of the past 14 equity bubbles. This...
Read MoreFederal Deficit Projections and Implications for Interest Rates
While reading a financial news article this morning, I came across a report on the latest legislative proposal—referred to by some as the “One Big Beautiful Bill.” The article stated that the bill is expected to increase federal budget...
Read MoreManaging Expectations in a High-Rate, High-Valuation Market
Stocks are trading well above fair value given current interest rates. History suggests this often leads to lower long-term returns and sharp interim declines—underscoring the need for disciplined, long-term investing.
Read MoreBehind the Forecast: How Schwab and Vanguard See the Next Decade
Schwab and Vanguard forecast 10-year returns across major asset classes to guide portfolio strategy. This analysis helps investors align risk and expectations amid a changing market landscape.
Read MoreClaim Now or Wait?
The Shocking Case for Claiming Now—Even with Zero Growth. Conventional wisdom has long favored delaying Social Security benefits to maximize lifetime income. SSA's potential insolvency in 2023 may have changed the math.
Read MoreHousing Prices Can’t Hold
Why a 20% Decline Is Not Out of the Question. In today’s American housing market, something has to give. Home prices are near record highs. Mortgage rates have more than doubled since 2021. And household incomes have not kept pace.
Read MoreThe Crosswalk Market Perspective - 2023
Inflation ran at 40-year highs, short term interest rates soared from .25% to 4.5%, the stock markets suffered their worst losses since 2008 and the US Treasury markets their worst losses EVER. With such a rosy outlook, why not go to cash?
Read MoreUnderstanding Investment Risk
WHY YOU SHOULDN’T PULL YOUR MONEY OUT THE MARKET – UNLESS …The longer your investment time frame the greater your investment performance.Understanding Investment Risk – It's a Matter of Time.How we view...
Read MoreDon't Panic - The Future is Getting Brighter!
Don’t Panic – The Future is Looking Brighter! … but the present looks very bleak!
Read MoreDon't Try, Know!
The Future – What do you want it to be? As I read through the numerous market forecasts for the year, it seems that the only certainty is that you can make a strong case for whatever you would like the future to be. If...
Read MoreWhat Happens to My Student Loans if I Die?
Have you ever wondered as a college student or as a parent of a college student, what happens to all of your student loans at death? “God forbid!” Here’s the good news and the bad news. The good news: The Federal...
Read MoreDon't Fall for These Scams! Please!
A voice mail from a caller claiming to be with the IRS states that you are delinquent on your income taxes and demands you to call back and make payment over the telephone or else face fines and possible jail time. A call in the middle...
Read MoreWhen to Take a Multivitamin
I was speaking with one of my children who lives in Cambodia in a very rural area (I won't mention her name because I don't want to embarrass her). Being the concerned father that I am, I asked her if she was taking a good multivitamin...
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