U.S. retail sales suffered in the spring of 2020 due to safety concerns, government-mandated lockdowns, and economic uncertainty wrought by the coronavirus pandemic. Sales — including purchases at stores, restaurants, and online — plunged from $483.95 billion in March to $412.77 billion in April, a record 16.4% drop.1Continue reading “How COVID-19 Has Changed Consumer Behavior and the Future of Retail”
Condor Capital Wealth Management is pleased to announce that our President, Ken Schapiro, and Vice President of Portfolio Management, Jeanette Lucas, have been selected as Five Star Wealth Manager award winners. This marks the tenth and first times they have received this award respectively.Continue reading “Condor Capital Wealth Management’s Ken Schapiro and Jeanette Lucas Selected as Five Star Wealth Managers for 2021”
If you use part of your home to conduct your trade or business, you might be able to deduct certain related expenses. To qualify for the home office deduction, you must pass certain tests.Continue reading “Can I Deduct Home Office Expenses?”
What is it?
A trustee is a person (or institution) selected to administer a trust. A trustee’s role is to adhere to the terms of the trust document and fulfill its objectives. A trustee can be an individual (professional or nonprofessional) or a corporate trustee, such as a bank or trust company. You, as the grantor, should choose a trustee carefully because an inappropriate choice could invalidate the trust and have serious tax consequences. You must also weigh many other personal, family, business, investment, and nontax concerns. For a large or complicated trust, a combination of individual and corporate trustees may best provide the expertise needed to manage the trust with the flexibility to respond to beneficiaries’ changing needs.Continue reading “Selecting a Trustee”
Government-sponsored disability insurance programs are designed by federal, state, and local governments to provide basic income protection (and sometimes medical benefits) to disabled individuals. Although these programs may not offer the comprehensive protection you’d like, they can help you and your family if you can’t work.Continue reading “Government-Sponsored Disability Insurance Programs”