Our Commentary

You may be aware that if you inherit a retirement account after 2019 you must fully deplete that account within 10 years - exceptions include being the surviving spouse, being less than 10 years younger than the original owner or falling into another special category of beneficiary. What you may...

An old joke on Wall Street is that the Chair of Federal Reserve is the most powerful person in the world. To many it’s no longer a joke. If there are whispers the Fed may not hike as aggressively, all asset classes seem to rally together and if we get hawkish language from the Fed, everything drops...

2022 has been an ugly year for the markets. The total world stock market is down 17.5% and bonds are down 11.5%. But company earnings have grown 6% this year and bonds haven’t defaulted so what gives? Discount Rates: The most direct answer is that “discount rates” used to value stocks and bonds h...

Today, the Bureau of Labor Statistics posted a great jobs report. The economy added 315,000 jobs, above the consensus estimate with manufacturing job gains coming in strong as well, adding 22,000 positions – again above the consensus. While low wage growth is generally not something to celebrate, th...

This famous quote by Warren Buffet is one of the most well-known quotes related to investing. At its core is the idea that investors’ emotions betray them, and it pays to be contrarian. When the market is up, people feel good about investing and want to “get in.” On the other hand, when the market i...

Income tax planning is a crucial aspect of the overall financial planning process. Making tax efficient decisions requires a deep understanding of the tax rules and regulations. Changes to these rules may present new planning opportunities for those paying close attention. Those not paying attention...

Today’s Struggles: So far, 2022 has been a historically bad year – especially for bonds. The aggregate bond market is down 11.6%. If the year ended today, that would be far worse than its worst year on record, 1994, when it dropped 2.9% (The index’s inception is 1976). Similarly, global stocks would...

Food and Energy prices have risen steadily from January 2021 through May 2022. Over that 17-month period, the direct cost of food and energy has increased by 22%, which has been a huge driver of inflation. That 22% increase means it is a larger share of total consumer spending. As of March, it stood...

In Shakespeare’s The Merchant of Venice, it was asked, “What news on the Rialto?” now finally there’s an answer. Welcome to Rialto Wealth Management! The founding partners, Ed Barno, Mike Antonacci, and Ethan Gilbert are excited to draw upon their combined over sixty years of work in the financia...