Articles and Insights

After a strong start to the year, markets took a step back in February and March. Global stocks returned -1.3% for the quarter, while the S&P 500—led by a pullback in tech—fell 4.3%. From its recent peak, the S&P 500 declined over 10%, entering correction territory.

Digital currencies, also known as cryptocurrencies or virtual currencies, have gained significant attention in the financial world due to their decentralized nature and technological advancements.

If you are just now thinking about ways to reduce your 2024 tax bill, you’re not alone. Many taxpayers wait until they experience the sticker shock of their impending tax bill to take action.

At Proffitt & Goodson, we believe that financial management is about more than just numbers. It’s about purpose. For our institutional and nonprofit clients, this means aligning financial strategies with their mission to create lasting impact. 

We’re all in on your money mission.

The Financial Crimes Enforcement Network (FinCEN) has reinstated the Beneficial Ownership Information (BOI) reporting requirement under the Corporate Transparency Act (CTA), following a recent federal court decision that lifted a previous injunction. As a result, many companies must now file their BOI report by March 21, 2025.

With the prospect of renewed tariffs under the Trump administration, many investors are understandably concerned about how trade policies could impact their portfolios. Markets dislike uncertainty, and history has shown that tariffs can cause short-term volatility—but as the S&P 500’s long-term trajectory reminds us, investors who stay the course are often rewarded.

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…