Tax Planning | Job Growth - Compass Ion Advisors

JUST CONFIRMING WHAT WE ALL ALREADY KNOW:

UMBRELLA INSURANCE: Umbrella insurance is boring until it saves your family. We regularly meet couples with coverage ranging from $0 to $1 million. Having seen what we’ve seen, that’s reckless. Umbrella insurance typically costs $150 to $300 per million in coverage. That’s pennies to protect your dollars. Adequate coverage depends on your net worth. Here are a few common risk triggers:

Kids
Pools, hot tubs, trampolines
Pets
Hosting events, fundraisers, and playdates
Owning vacation rentals or STRs
Storing firearms or heavy equipment
Teen drivers, adult kids (still) on your car insurance
Hiring contractors
Being easily found online with seniority or a notable job title

The point is preparation. Protect what you’ve built and the people you love. We don’t sell liability insurance, but I do know a few people who do it well. Let us know if you need an introduction.

DO PAYROLL REPORTS MATTER?: Yes. The short and oversimplified version—if Americans have jobs and growing wages, they spend. Their spending drives GDP.

TAX REFUNDS: A tax refund is not “extra money.” If you receive a refund, it’s likely because you over-withheld and gave the government an interest-free loan for the year. If your withholding was accurate and you had that money instead, you could have made money with it by, say, putting it in a savings account or investing in the stock market. As needed, edit your withholding with the help of your CPA or tax preparer.

WHERE ARE THE MARKETS HEADED?: Two charts with different expectations.

**S&P 500: The Standard & Poor’s 500 Index is a market?capitalization?weighted index of 500 large?cap U.S. companies; it is unmanaged and not available for direct investment. Unless otherwise noted, index returns reflect [price/total] returns. Source: [provider], as of [date]. See Index Definitions for details.

TAX PLANNING: There are strategies to reduce your annual and lifetime tax bill. It starts with communication. Let’s start the conversation for your 2026.

“WE HAVE ENOUGH”: How might we pursue more honest conversations about work, relationships, and wealth? This was helpful. Watch here.

*The views expressed represent the opinions of Compass Ion Advisors, LLC, as of the date noted and are subject to change. These views are not intended as a forecast, a guarantee of future results, an investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial, or legal advice or service to any person. The information contained has been compiled from sources deemed reliable, yet accuracy is not guaranteed.

Additional information, including management fees and expenses, is provided on our Form ADV Part 2 available upon request or at the SEC’s Investment Adviser Public Disclosure website here. Past performance is not a guarantee of future results.