Broker Check
Q1 2024

Q1 2024

January 16, 2024

We can't believe the 2024 is already upon us, but we sincerely hope your new year is off to a great start. We love to see you and your family living life to the fullest and are grateful we get to walk alongside you.

The Inside Scoop is meant to provide timely information that directly impacts your family's future. Making informed decisions can lead to better outcomes while minimizing surprises. In this quarter’s edition you will find timely research surrounding 2024 IRS updates, the Strategas 2024 Market Outlook and an article from Baird Trust - all of which we have found to be important for today's investor.

We have also included some photos of recent events our team has experienced. We hope you enjoy.

Yaz, Justin, Karley, Ashley & Whitney 



We would love for you to join us for the 2nd Annual CFRC Rodeo and the 13th Annual Special Kids Race!

Register here for the 2nd Annual CFRC Rodeo and the 13th Annual Special Kids Race!



The Challenges and Rewards of Holding

an excerpt from the blog post by Baird Trust Andrew Means, CFA® & John C. Watkins III, CFA®

“It’s not the things you buy and sell that make you money; it’s the things you hold.” – Howard Marks, Co-Chairman of Oaktree Capital

“The big money is not in the buying and selling, but in the waiting.” – Charlie Munger, Vice Chair of Berkshire Hathaway

We believe the best way for us to grow your wealth over time is by owning shares of successful businesses for many years – often a decade or longer. A company’s long-term business success, driven by profitable growth over many years, allows compound interest to work its magic on its stock price. Compound interest has been called the eighth wonder of the world, and we would strongly agree – but it takes many years for its profound effect to be revealed.

Theory vs. Practice
Charlie Munger often states, “The first rule of compounding is to never interrupt it unnecessarily.” This idea sounds simple in theory but is extraordinarily difficult in practice. Given Wall Street’s and the business media’s short attention span, it would seem most investors have ignored this simple and straightforward advice.

Distractions Are Always Present
Today’s unsettled environment provides nervous investors many reasons to constantly reshuffle their portfolio. Here is just a partial list: Stubbornly high inflation, Aggressive Fed policy and surging interest rates, Heightened economic uncertainty, The unknowable impacts of artificial intelligence and other technological innovation, War in Europe and deteriorating relations with China, The resurgence of labor union power, Political polarization and dysfunction in Congress, etc.

Our Guiding Light
Warren Buffett’s 58 years running Berkshire Hathaway is perhaps the greatest example in business history of the power of long-term compounding. He put it simply: “The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders.”

This strategy of investing that Buffett deployed to great success over the past six decades is our guiding light. We have studied his career and investment decisions in great depth and have tried to adopt his investment mindset and strategies as our own. In our endeavors to help you compound your wealth over time, we keep in mind the many lessons learned from Mr. Buffett.

Our aim is to block out all the noise and distractions so that we can focus on our attempt to identify some of the great businesses of the next few decades. We believe that when this strategy is executed well, it can produce excellent results for you, our clients.





While our main office will be open, our team will be out of pocket attending a team training and workshop. 

We are confident the time spent will directly benefit the families we work with and enrich the advice we are able to give.  

We thank you in advance for understanding if it takes us a bit longer than usual to get back to you.

If you have an urgent request, please call the main line at 615-867-7700.



Our team exists to come alongside you in your wealth journey as we do not believe in a one sized fits all approach when it comes to your future. In order for us to serve you to the best of our ability, we ask that you keep a few things updated along the way.

360 Wealth

Log in to the Baird Online app. At a minimum, link the basics. (mortgage, 401(k), loans andbank accounts). 

Your accounts will auto-update and will feed into your financial plan for a 360 view & precise financial advice. It is important to keep us informed of any outside accounts as we will periodically review your long-term goals.


After filing each year, send us your tax return. Our team will then do a thorough analysis. 

We will discuss implications and scenario based decisions.


Start the conversation and keep us updated on your current plan. 

Whether it be a whole life policy review, health or property insurance referrals, we will review your current situation and connect you with the best resource to mitigate risk.





The Internal Revenue Service recently released updated income tax brackets, standard deduction, and retirement contribution limits for the 2024 tax year. While these taxes are not due for some time, it may benefit you to start thinking ahead.

Overall, more than 60 provisions have changed. Here are a few of the most critical tax bracket and retirement contribution limit changes.

Tax Bracket Inflation Adjustment
Overall, tax brackets have been adjusted upwards by 5.4% for 2024. The primary purpose of this adjustment is to account for inflation, which is based on the Consumer Price Index. The government’s goal is to keep income taxes in sync with consumer buying power.

Standard Deduction
The standard deduction has increased to $29,200 for married couples filing jointly, up $1,500 from the previous year. For single filers, this number increased by $750 to $14,600.

Individual Retirement Accounts (IRAs)
IRA contribution limits are up $500 in 2024 to $7,000. Catch-up contributions for those over age 50 remained at $1,000, bringing the total limit to $8,000.

Roth IRAs
The income phase-out range for Roth IRA contributions increased by $8,000 to $146,000-$161,000 for single filers and heads of household. For married couples filing jointly, phase-out will be $230,000 to $240,000 (a $12,000 increase). Married individuals filing separately see their phase-out range remain at $0-10,000.

Workplace Retirement Accounts
Those with 401(k), 403(b), 457 plans, and similar accounts will see a $500 increase for 2024, bringing the total maximum contribution amounts to $23,000. The catch-up contribution for those aged 50 and older remains at $7,500, bringing their total limit to $30,500.

Gift Tax
The annual gift tax exclusion is now $18,000 for 2024, an increase of $1,000 from the previous year.




2024 Market & Policy Outlook

an article written by Jason Trennert and Dan Clifton from Strategas

Strategas partners Jason Trennert and Dan Clifton address pressing questions that investors face as we head into 2024. They talk recession, interest rates, investing strategies, fiscal policy, the 2024 presidential election and much more.“


  • What are your odds for recession in 2024? and What does that mean for the stock market? 
  • What is something in the markets that’s underdiscussed today?
  • What is the global political environment for 2024 and how might that impact fiscal policy?
  • How does the U.S. stock market typically act in a presidential election year?