Reflection No. 43

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Good morning, everyone! This week on Reasoned Reflections, we’ll explore the importance of retirement tax planning, the value of good old-fashioned common sense when it comes to your money, and take a quick look at Nvidia’s visit to a $4 trillion valuation.

Three Quick Hits:

• Article: No Taxes in Retirement

  Controlling your taxes in retirement starts long before you actually retire. With careful planning, you can set yourself up to strategically withdraw from your accounts in a way that minimizes—or even eliminates—your tax bill. By balancing Roth accounts, taxable investments, and tax-deferred accounts, you may be able to access money in retirement without owing Uncle Sam a dime. 

• Tip: Check your tax withholdings and recalculate how much you’re estimated to owe for 2025. Following the recent tax changes, a midyear check-in can help keep your plan on track.

• Quote: “Sometimes common sense tells us what statistics cannot.” - John Bogle

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Two Questions:

• What emotions do you feel when you check your bank account, and what might those feelings be trying to tell you?

• What money memories from childhood still shape your financial behavior today?

REFLECTION No. 43: $4 Trillion

I - Issue: What should investors know about Nvidia becoming the first company to hit a $4 trillion market cap? 

R - Rule: A company’s market cap reflects investor confidence in its future earnings, growth potential, and industry dominance.

A - Analysis: Nvidia’s rise has been explosive. It reached $1 trillion in 2022, doubled to $2 trillion by early 2024, and surpassed $3 trillion in mid-2024, crossing $4 trillion this week. 

What’s driving this growth? Artificial Intelligence. Nvidia’s chips are the backbone of the generative AI boom, and demand shows no signs of slowing. The most remarkable aspect of this is that Nvidia now accounts for over 7% of the entire S&P 500. At over 7% of the entire S&P 500, Nvidia’s influence is now on par with—if not greater than—Apple and Microsoft.

C - Conclusion: Nvidia’s $4 trillion milestone confirms it is the leader in Artificial Intelligence.