As you can see, Shiloh and Lily are very excited about the new year.


2020 presented us with unique challenges. Never has a series of events had such wide-ranging repercussions as the Covid-19 pandemic combined civil and political unrest.

It touched nearly every area of our lives: schooling, socializing, family gatherings, travel, faith and more.

Our economy and investments saw unprecedented swings in 2020. As the economy began to climb out of a deep hole, investment legend Warren Buffett said, “I remain convinced…nothing can basically stop America. The American miracle, the American magic has always prevailed, and it will do so again.”

Last year’s strong finish for stocks suggests Buffett was right. Again.


If you haven’t already, take a minute to access your accounts via our new TAMARAC tool. You can access it by visiting our website and selecting “client login” in the upper right-hand corner. Then select the “Client Portal” on the subsequent page.


Resolutions are tools that offer us guideposts as we begin the new year.  The top two typical resolutions center around money and health. Our goal is to keep things simple and realistic, focusing on resolutions for your finances.

We offer you options. Some may seem simple, but the foundation of any financial plan must be built on basic fundamentals.

7 Financial Resolutions for 2021 – Grab ahold of one or two that are most important to you.

1. Update your financial plan

When will you retire?  What size will your NESTEGG be? How much will you save to reach your goals? Let’s sit down and review your plan, whether you are planning to retire, or already retired.

2. How your taxes will be different this year?

Recent tax changes will affect many households again this year.  If you aren’t happy with your CPA, let us know. We work with some great CPA’s who are well aware of the impacts of today’s new tax code.

3. Will a Roth Contribution/Conversion benefit you?

With the increase in our federal deficit over the past 9 months, there may be tax increases on the horizon.  A Roth strategy may help hedge against future tax increases.

4. Contribute to a cause near and dear to your heart

Consider incorporating financial gifts toward your favorite charity.  Even a few dollars each month means you will make a difference. Or you may choose to volunteer your time.

5. Maximize your 401k savings

Maximum 401k savings for 2021 are $26,000 ($19,500 for folks under 50).

6. Talk to your children/grandchildren about money

Share your best/worst financial decisions with people that matter to you.  Pass on the importance of saving for important financial goals like retirement, college, housing, etc.

7. Get your affairs in order

Create or update a will or trust, update your beneficiaries, and update life insurance. A will reflects your preferences regarding medical treatment. Also, consider a durable power of attorney, which allows someone to make health-care decisions for you if you become temporarily incapacitated.

We are here to assist you, encourage you and point you in the right direction. If you have questions, please call or email us anytime.


In terms of finance, 2020 was a year none of us will forget. The initial outbreak of Covid-19 and fears about its rapid spread sent stocks tumbling in March.

The stock markets dropped nearly 34% within a month’s time. The downdraft was fueled by uncertainty surrounding the lockdowns and interruption of economic activity at home and abroad.

The swiftness of the decline was unexpected and unprecedented. But the strong recovery, which was born out of extreme pessimism, caught many analysts by surprise.

Let us reiterate one of the themes that regularly surfaces during discussion about investments during a volatile market.

One must be right twice to successfully time the market. You must correctly call the peak and the trough.  No one can do that.

As the markets rallied from the March low, many analysts continued to warn of further declines, which never materialized. These analysts are smart people. They know their craft. But to frame it in the simplest terms, even very smart people can’t predict the future with certainty. No one can.

As baseball manager Yogi Berra once said, “It’s tough to make predictions, especially about the future.”

Making the case for stocks

As we have emphasized in the past, stocks have a long-term upward bias, and that upward bias is incorporated into your financial plan.

Since 1980, the average annual intra-year pullback in the markets has been 14%; yet, the S&P 500 has averaged a 13% yearly increase.

Last year’s pullback was 34%, while last year’s total return was 18%.

Here are some additional data points. From 1980 to 2020, there have been:

  • 7 down years, with the average decline during a down year of -13%
  • 34 up years, with the average increase during an up year of +18%


  • 21 out of 41 years, we had pullbacks of 10% or more.  An average of one every 2 years.
  • 6 of the 41 years saw pullbacks of 20% or more.  An average of one every 7 years.

This reminds us that a diversified stock portfolio has a place in all financial plans.

We hope you found this to be educational and helpful.

Let us emphasize it is our job to assist you. If you have questions or would like to discuss any matters, please contact us anytime.


Eric’s dog, Moose, is enjoying going on hikes during this beautiful winter season.


Superwomen of Boise tells the profound stories of inspiring business women in the Treasure Valley. Each story embarks readers on a journey to see how they built their career from the ground up. It is an honor to recognize these women as the Superwomen of Boise.

All proceeds will be donated to three outstanding Boise organizations providing essential services to our youth, especially important in today’s COVID 19 environment:

• Boise School District

• Idaho Foodbank

• Interfaith Sanctuary

Head over to the “Our Book” tab to purchase a copy! 

As always, we are honored and humbled you have given us the opportunity to serve as your financial advisors.  We want to wish you a happy and prosperous New Year!