Charitable Gifting from an IRA
Since 2006, IRA owners who are at least 70 1/2 can make a Qualified Charitable (QCD) of up to $100,000 directly from their IRA to a charity without having to include the distribution in taxable income. As a result of the late-2017 tax law passed by Congress, the Tax...
Canal Named Future 50 RIA
Canal Capital is Pleased to announce that it was named to the RIA Future 50 list published by CityWire USA. The RIA Future 50 firms represent a group of finance professionals who are collectively creating this new investment landscape. They have their own unique story...
Transformative Platforms
As investors continue to grapple with the near-term issues impacting global markets, we believe there is disruptive innovation happening simultaneously and could be the transformative innovation platforms that can drive the economy out of a potential recession and...
Yield Curve Inversion
On August 14th, the 10 year Treasury Yield went slightly below the yield for the 2 year Treasury, the first time this has happened since 2007. Economist pay close attention to the 10 year vs. 2 year Treasury yields, as its historically been a strong predictor that a...
Resiliency
On Christmas Eve it looked like the bull market was over, with the market down nearly 20% in less than a quarter. Now, 6 months later, we are back at all-time highs and the market has rallied over 26%. While the average investor is left scratching his or her head, the...
Redemption
As we write this letter and reflect back on the past few weeks, the word that keeps coming to mind is REDEMPTION. Just like the Virginia Cavaliers basketball team in the National Championship and Tiger Woods at The Masters, the market has had the ultimate bounce back...
The 1040’s “New Look”
Just as the government shutdown ended, the IRS kicked-off its' 2019 tax filing season this week on Monday, January 28th. With the window now open to file returns, we would like to draw your attention to the new postcard-sized 1040...and why it may not be as simple as...
2019 Investment Outlook
What a difference a year makes! The largest drop in 2017 was less than 3%, while 2018 experienced the largest drop since 2009 at nearly 20%. In 2017, December saw near record highs while December of 2018 was the worst on record (except 1931, The Great Depression);...
Year End Tax Planning
With only six weeks left in the year, we outline two planning strategies that may be relevant for you in 2018 following the 2017 Tax Cuts and Jobs Act (TCJA) - both are related to Charitable Donations and could yield significant tax savings. Please click here to read...
Storm Clouds
Despite what some people may say, no one really knows the exact reason as to why the market has pulled back so ferociously, but what we do know is that in any given year, the market normally has 3 drops of over 5%. This is the 2nd drop this year after zero in 2017. In...