Articles and Insights

At Proffitt & Goodson, we help high-net-worth individuals and families proactively address the risks that can undermine even the best estate plans. Our team will review your current plan and ensure that it’s up to date, protecting your wealth and your loved ones.

As the end of the year approaches, financial markets have once again demonstrated a resilience and consistent capacity for exceptional performance. With strong global stock market gains…

The recent presidential election has once again put the financial markets into a whirlwind, influencing everything from stock prices to bond yields and currency valuations. As investors and analysts try to gauge the full…

It’s hard to believe we are just six short weeks from 2025. While the year is coming to a close, there is still plenty of time to ensure your finances end the year on a positive note. Consider several end-of-year planning…

Tax planning can be complex, especially for high-net-worth individuals. At ProffittGoodson, a leading financial advisory firm based in Knoxville, Tennessee, we…

Despite heightened geopolitical tensions and political uncertainty, the economy and financial markets have shown strong performance this year…

As you age, your healthcare needs may evolve, and navigating Medicare can feel overwhelming. Medicare Open Enrollment begins on October 15^th, so now is the time…

Despite a bumpy August and start to September, the stock market has been on a winning streak this year. The global stock market surged 16% in the first seven months and has climbed 23.4% over the past 12 months.

As you move through various jobs and promotions, it’s easy to forget to update your retirement account beneficiaries. Neglecting this simple task can result in significant financial consequences…

Global stocks returned 11% in the first half of 2024, led by the S&P 500’s 15% return and artificial intelligence (AI) euphoria. U.S. bonds returned -0.6% for the first half as rates were volatile due to mixed economic data.

The stock market has reached new highs, and the artificial intelligence revolution has spurred excitement. While all this is encouraging, most investors balance their stocks with bonds, smoothing the swings and…

Navigating the complexities of personal finance can be daunting. From budgeting, saving, investing and planning for life’s transitions, the journey to financial stability is filled with critical decisions…

A well-crafted investment policy statement (IPS) provides an acceptable range for asset classes to fluctuate within. So, should investors utilize the full range? We think you should stick close to your long-term asset class targets.

Achieving your financial success isn't just about managing and maximizing investments; it starts with gaining a deeper understanding of your entire financial life. At ProffittGoodson, we see beyond the portfolio; we see you. With a commitment to multidimensional…

The Internal Revenue Service (IRS) recently announced its decision to waive required minimum distributions for beneficiaries subject to the 10-year depletion rule in 2024 (You can find the full guidance here). This is the fourth, and likely final, year the IRS will permit eligible…

The stock market has had an excellent run lately, so much so that global stocks hit record highs in the first quarter of this year. Large US stocks led the global indices. The S&P 500 gained 10.6% to…

Whether it's supporting a cause dear to your heart, aiding those in need, or fostering positive change in your community, realizing your philanthropic aspirations is not just about giving money; it's about giving meaningfully, intentionally, and joyfully.

All-time highs for stock markets are cause for celebration. We tally up our gains and pat ourselves on the back. But concurrently, a bit of apprehension and unease seeps into our minds. We know stock markets ebb and flow, but is this when the market drops?

Legacy can be a loaded phrase. It provokes reflection on our life story, the impact we’ve had, and what it is we leave behind, including our dreams and values. In the material sense, our legacy is about ensuring our hard-earned wealth serves a purpose long after we’ve closed…

What comes to mind when you hear the word retirement? For many of us, retirement is a phase of life we aspire to. It's a chapter where we can envision ourselves basking in the glow of well-deserved leisure, pursuing passions, and cherishing precious time spent with our…

U.S. presidential primary season is well underway, and November’s general election will be here before we know it. We are already inundated with election ads and information, whether that’s on social media or Saturday Night Live. Much can happen between now and…

Just as the new year provides new opportunities, new tax years provide the same. Here is a list of important changes coming in 2024. These figures are important in considering smart tax planning for the year ahead.