Did You Know…?

While you may not have watched all the hours of testimony from Mark Zuckerberg, you have probably heard a bit about Facebook in the news lately regarding data. Did you know that users can download a copy of the personal data that Facebook holds? https://www.facebook.com/help/302796099745838 Users can also access data from Google, LinkedIn and many other web-based communities.

Valley National News

We are hiring Associates through our Entry Level Professional (ELP) Program.

The ELP program, in its sixth year, is designed to immediately integrate talented individuals into Valley National’s expanding “one-stop” financial planning business model through hands-on training, continuing education, and mentorship in the areas of financial planning, tax preparation, and investment management.

Read more about this opportunity at our website, and share the link to the online application page.

Did You Know…?

There is exactly one week left to submit your individual tax returns to the IRS. April 17, 2018 is this year’s official tax deadline – due to the 15th falling on a Sunday and Monday being Emancipation Day – a legal holiday in the District of Columbia.

Emancipation Day is a holiday in Washington DC to mark the anniversary of the signing of the Compensated Emancipation Act, which president Abraham Lincoln signed on April 16, 1862. Local government offices are closed and many public services do not operate. In all other areas of the United States, April 16 is a normal day and public life is not affected.

The Act is different than the Thirteenth Amendment to the United States Constitution, which formally ended slavery in the US. The Amendment was proposed on January 31, 1865, and ratified by 30 of the then 36 states in the same year. However, it was only ratified in Mississippi in 1995.

Valley National News

For your convenience, you can now securely pay your tax preparation bill online! Our team continues to focus on the ease of our clients’ experience through secure and simple options to do business with us. It is as easy as 1, 2, 3 to view your invoice and pay it with a credit card or direct from a bank account via QuickBooks. Our website has a quick reference guide so you know what to expect: http://www.valleynationalgroup.com/webpay

YOU HAVE OPTIONS! We strive to make your financial life as simple as possible. Please use the method of payment that is most convenient for you – online, in person, over the phone, by mail.

Did You Know…?

The Friday before Easter is the only non-federal holiday among the exchange’s nine closed days. The New York Stock Exchange has been closed every Good Friday for more than 150 years, with the exception of 1898, 1906, and 1907.

Why? Several myths surrounding this market closure exist. The stories range of religious agreements, to historically low trade volume, to good old fashioned superstitions about bad luck. Whatever the reasons, the long-standing tradition remains.

The other eight stock market holidays in the U.S. are New Year’s Day, Martin Luther King Jr.’s birthday, Washington’s Birthday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas.

Did You Know…?

Last week we reported on the fact the stock market had indeed suffered a “Correction.” A Correction is a series of stock market declines over several days or weeks leading to a 10% to 20% decline from a stock market high. The stock market typically recovers from a Correction in a relatively short time of 3 to 12 months.

Personal Notes

Please join me in welcoming Stefany Keiser to our Valley National team as Administrative Assistant. The firm will be releasing an official announcement this week, but I wanted to let you know first. Stefany will be available immediately to assist my clients with scheduling appointments and taking questions. Of course, the rest of your service team will be right alongside to offer additional assistance and to help Stefany become familiar with our procedures and our people. They have already completed a week of intensive training with her on our systems and processes. I am confident that you will find your experience with Stefany to be everything you have come to expect from my team.

Stefany comes to us with 17 years of client service experience. She is originally from Easton and now resides in Bethlehem. She can be reached at skeiser@valleynationalgroup.com or by phone at extension 118.

Thomas M. Riddle
Founder & Chairman
Valley National Financial Advisors

Did You Know…?

The U.S. stock market, as well as most of the global stock markets, have entered into a “Correction”.  A Correction is a series of stock market declines over several days or weeks leading to a 10% to 20% decline from a stock market high. The stock market typically recovers from a Correction in a relatively short time of 3 to 12 months. As of today, we do not see any system-wide issue so large as to cause the market to slide further into a “Bear Market” which is a decline of 20% from a stock market high.  Our insight is also supported by strong consumer spending and business profits as further explained in The “Heat Map” section.

Did You Know…?

Starting in 2018, the “kiddie tax” is changed substantially. First, a child’s kiddie tax is no longer affected by the tax situation of his or her parent or the unearned income of any siblings – this makes tax return preparation simplified. Second, the taxable income of the child who must file a tax return is taxed using the Trusts and Estates rates – which could result in a higher tax on child’s unearned income like interest and dividends.