Open (and evil) racial violence in Charlottesville.
Political turmoil all over Washington.
An ever-inflating stock market.
War drums from North Korea.
TOTAL SOLAR ECLIPSE.
Every summer, it seems we hit a point in which it feels like everything is fraying at the edges and we’re in danger of falling apart.
Not only do we seem to be more divided than ever (with a heaping slice of online bitterness thrown in), but each of us in Connecticut carries our own private fears and struggles having to do with our own circumstances — be they financial, family, or otherwise.
So it seems right that I would take this time, as I have occasionally done in the past, to remind you of a few things:
Mensa’s Key Reminder #1: What you choose to “ingest” over these next few days will greatly impact your state-of-mind. Garbage in, garbage out, as they say. And, of course, the opposite is true — when you surround yourself with excellence and clear-eyed determination, you find that your heart and mind carry much greater strength.
Temper your political media intake this week, as most outlets are (quite literally) merchants of fear.
From a financial standpoint, the stock market seems to be an emotional “port in the storm” right now, but this leads me to …
Mensa’s Key Reminder #2: The only thing certain about the stock market is that it’s volatile. So for those of you with many assets resting there, don’t make moves out of panic or greed. Sit down to discuss a tax-advantaged strategy … not a knee-jerk emotional response.
Mensa’s Key Reminder #3: The only thing you can truly control is yourself. You can’t control the market, you can’t control our domestic politics (unless, of course, anyone in the Trump administration is reading this — perhaps you people can!), and there’s a real sense in which you can’t even, really, control your salary and income.
So, with those key reminders in mind, here’s what I suggest:
Call my office this week: (203) 244-9563 (or respond to this note by sending us an email) and request one of our limited Tax Planning Saver Sessions. During this session, we will analyze your current situation and identify clear action steps for the last quarter of 2017 — designed to save your bottom line hundreds (or even thousands).
You CAN control your tax strategy… and we can help. Until then…
Emelia Mensa CPA