Peak Asset Management, LLC, Colorado

Teaching your kids the power of compounding interest can be a great way to get them thinking about saving for the future. Below, our own Grant Bugner, CFP® with a great example of compounding wealth that you can share with your teenager as they seek or hold down a summer job!

"“While the hardware and software layers in technology are mutually dependent, the location of talent and resources across their respective ecosystems is not static... Consider this: Microsoft’s capital expenditures eclipsed Exxon Mobil’s (XOM) in 2020. In the last twelve-month period, they invested $18 billion more than Exxon back into property, plant, and equipment. If that’s not a sign that hardware is currently eating the world, I don’t know what is!" In our latest blog, Johnny Russell, CFA takes a look at the market dynamics for software vs. hardware companies given the ongoing advancements and investment taking place in the field of artificial intelligence. #hardware #AI #capex

Tips for business owners who wish to pass along the family business to their heirs in a tax-efficient manner, from our very own Jason Foster.

A timely note from Bethany Aylor, CFP®, MBA, CEP as homeownership affordability remains well below historical norms, according to the National Association of Realtors.

Is household budgeting stressing you out? Read our latest blog article for tips from Grant Bugner, CFP® where he talks about his personal favorite method, known as reverse budgeting.

Great insight from our teammate Sophie Berglund on the growing impact of family gifting as a tool for Millennials and Gen Z buyers to combat housing unaffordability.

Our latest blog from Jason Foster highlights the importance of tax planning strategies around inherited IRAs, even if the IRS and Congress keep kicking the can down the road on RMDs for accounts subject to the 10-year rule: "Even though the recent waiver of RMD penalties by the IRS for accounts inherited from 2020-2023 has provided “relief,” it may not be a prudent move to simply enjoy the tax deferred free ride they are giving you. Certainly, the larger the inherited balance, the greater the potential adverse tax consequences associated with waiting until late in the 10-year period before distributions are taken... like everything else, the devil is in the details." Head over to the Peak Perspective Blog for more 👇

Peak Asset Management was recently named to the Denver Business Journal’s 2024 Best Places to Work! To make the list, which shines a spotlight on organizations that truly put their employees first, Peak has fostered a workplace where our employees willingly go above and beyond in their work, advocate for the organization, and intend to stay well into the future. We’re thrilled to be named to the list, and humbly believe it is a reflection of our culture, where above all else, we lead with integrity and respect in everything that we do. Advisory Services offered through Peak Asset Management, LLC, an SEC registered investment advisor. This is not an offer to buy or sell securities. Third-party rankings and recognition from rating services or publications are no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement or evaluation of the advisor by any client and are based on information prepared by the advisor. This third-party rating was granted by Denver Business Journal on 05/03/2024 and applies to the period from 1/31/23 – 12/31/23. Criteria for the third-party rating can be found here https://lnkd.in/gEQTktHj. Compensation was provided to participate in the third-party rating process. 

"At Peak, we are longtime readers of Jamie Dimon’s shareholder letters. In the quote that opened this letter, rather than prognosticating about our economic future, he is laying out a wide range of scenarios that he is working to prepare JPMorgan for. He is a true risk manager who, over time, has succeeded by being in a position to take advantage of opportunities when risks rise. As he concluded in the paragraph that I selected the quote from, 'Importantly, being prepared means we can continue to help our clients no matter what the future portends.' Peak and I couldn’t agree more." Head over to our website to read the full Q1 Client Letter from John McCorvie, CFA:

"At Peak, we are longtime readers of Jamie Dimon’s shareholder letters. In the quote that opened this letter, rather than prognosticating about our economic future, he is laying out a wide range of scenarios that he is working to prepare JPMorgan for. He is a true risk manager who, over time, has succeeded by being in a position to take advantage of opportunities when risks rise. As he concluded in the paragraph that I selected the quote from, 'Importantly, being prepared means we can continue to help our clients no matter what the future portends.' Peak and I couldn’t agree more." Head over to our website to read the full Q1 Client Letter from John McCorvie, CFA: