We've got a new jobs report and an inverted yield curve. How is that going to change things this year? Yesterday's jobs report announced a 3.6% unemployment rate. Now that's remarkable in any time. In the United States, a large country, that's just 6 million people unemployed. To put this in perspective, there are 11.3 million job openings in the country right now. What does that mean? That translates into what has proven to be a red hot job market, like nothing we've ever seen before. Now interestingly, there's another almost 6 million people who are out of work, but not looking. And if you do the math, the unemployed, the out of work not looking, and the job openings match almost perfectly. The challenge is getting them back, and a large part of the challenge is a lot of those unemployed are young mothers, young families, or other…

  The Federal Reserve has increased interest rates against the backdrop of war and recession risk. How's this going to affect you? What should we do about this? The Fed has increased the rates one quarter percent. It's the first of projected eight increases for a total increase estimated to be 2% of the rest of the year. This is against a backdrop of US mortgage rates that have topped 4%. Gas prices are above $4.00, oils above a hundred dollars. We’ve got supply chain and labor shortages. And of course, we got this war in the Ukraine. So there's a lot of uncertainty in the environment. The challenge for the Fed is slowing inflation without tipping the economy into recession. Now, any economic historian will say, "If you go back 50 years or 70 years, the Fed typically doesn't pull this off. They typically nip the inflation in the…

  So Mother Russia has a big problem. How's that going to affect you in the portfolio? Hello, my name's Paul Carroll, the CEO and Founder of Avion Wealth, an elite wealth management firm here in Texas. President Putin has recognized two Eastern provinces as break away states, something I might add that the Ukraine doesn't agree with. He's painted himself into a corner domestically, and anybody who saw yesterday's monologue is right to be very deeply disturbed. For the first time since he took over as the President of the nation, he appeared to be somewhat unhinged. Now, Europe has further compounded the problem with their aggressive turn from nuclear power over the last few years, especially after Japanese disaster. This happened before green alternatives existed. Not only have they ramped up the use of coal, but they're extremely dependent on Russian natural gas. And despite that natural gas,…

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  It's January the 25th, Tuesday afternoon. It's been a wild ride. This video will probably go out Wednesday morning. If you're in tech these last 10 days, you've really been spanked, but Tech's been over value for so long. The market has been hard for everybody. Is it the end of the world or is this just an overdue reset? Hello, my name's Paul Carroll, the CEO and founder of Avion Wealth, an elite wealth management firm here in Texas. On January the sixth, we put out a blog video, cautioning investors that they're going to take away the punch bowl, that the fed has had enough. And that tech is almost certainly going to get hurt, pretty much chapter and verse. It's not often you can make a call that precisely. So the question now, are we going through the great reset in the market? You know, we've…

  What happens if Congress bans the backdoor Roth, otherwise known as the Roth two-step in 2022? Hello, my name is Paul Carroll, the CEO and founder of Avion Wealth an elite wealth management firm here in Texas. Now the Build Back Better Act is pretty much stalled, but it hasn't gone away. And in both versions, both the House and the Senate agree on one thing. And that is the elimination of both the backdoor Roth strategy and also what's known as the mega-backdoor Roth strategy. So first what's a backdoor Roth? All a backdoor Roth is, is taking advantage of different rules to put after-tax dollars into a traditional IRA, and then subsequently convert those after-tax dollars in that traditional IRA to a Roth IRA. It's a tax-free maneuver, and it gets around the income limits for making direct contributions into the Roth IRA. The mega-backdoor Roth is…

  Yesterday saw the biggest tech selling rout in over a decade. Is this a portend of 2022, is this what we should expect looking forward? Hello, my name's Paul Carroll. I'm the CEO and founder of Avion Wealth, an elite wealth management firm here in Texas. Happy new year. Yesterday, the fed released its minutes from its policy meeting, clearly indicating they're going to be raising interest rates here probably sooner than later. Now, frankly, unless you're in a COVID induced coma, this shouldn't be news to you. It's in the news. They've been talking about it. They've been criticizing the fed for a year. Of course, it was going to happen. It's happening all over the world. I'm enthusiastic though. 2022 is probably the end of the pandemic. What we're seeing with this Omicron is greater infectiousness, but milder symptoms. We are evolving from pandemic to endemic. Now,…

  With headline inflation at 6%, is this now the new normal? And what does this mean for you and your portfolio? So why do we have this inflation? Really, there are three reasons. One, we've been printing money. We've needed to do asset purchases, which is code for the Fed buys bonds in the open market as a way to inject capital into the system. This saved the country from a depression when the first shutdown occurred in March last year. It's always easy to start this money printing., it's harder to taper. Second, and this has gotten almost no airplay because it's so bipartisan, it appears, but every economist is choking on the concept, and that is tariffs. When the Trump tariffs came in and they have been maintained by the Biden administration, that basically increased the cost of everything that had a tariff applied. Tariffs are insidious…

  September 13th, the Democrats came out with the new tax plan for 2022. A lot of significant changes that affected a lot of our clients in a number of different ways. As the conversation has evolved, this plan has pretty much completely fallen into disarray. So what's left? What do we need to worry about? The original September 13 plan had a number of provisions: a new higher tax bracket, 25% capital gain, qualified business income rules, a high MAGI surtax, refundable tax credit, backdoor Roth elimination, grantor trust elimination. Now, where are we? There's a certain amount of doubt. I get emails from CPAs almost every day, and it really depends on who you talk to, what was posted, where and what can still be negotiated. But there's three things that definitely appear to be surviving. For those whose modified adjusted gross income is an excess of $10…

  So, Biden has a new tax bill that he's proposed, and one of the provisions of the tax bill is to aggressively shut down Grantor Trusts. Most people have no idea what Grantor Trusts are. But should this happen, your estate tax bill could be increased significantly. The proposed tax law as written eliminates the future use of Grantor Trusts that are not already established and signed. It also severely limits the use of irrevocable life insurance trusts and other discounts. There is a small window to wrap your planning that is built into law as long as we can get these Grantor Trusts in place before the bill is signed. So who does this impact? We've got three categories of investors. Category one, less than $12 million in net worth married, or six million single. That's most people, right? They're not affected by this. That doesn't make any…