Doug Butler, CFA, CFP® | Source | Senior Vice President & Director of Research Services at Rockland Trust
Doug Butler, CFA, CFP®
Doug Butler has worked in the investment management business since 1991. As the Director of Research, he leads the research team, as well as financial planning and tax services departments for the Investment Management Group. Doug is also responsible for developing the firm’s asset allocation models and selecting external investment managers. During his tenure, assets under management have grown nearly ten fold and now exceed $4 billion. He has appears frequently on both business and mainstream media commenting on the economy, markets, as well as individual stock selections. Doug is a CFA charter holder and has also received his designation as a Certified Financial Planner™. He is a member of the CFA Institute, the Boston Security Analysts Society, CFA Society of Providence, and the Williams Club. He also is a member of the finance committee for the Town of Wakefield.
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Rockland Trust
Senior Vice President & Director of Research Services
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The year ahead: Small businesses, restaurants key to local economic recovery
The promise of widespread vaccinations offers hope that some of those things we treasured will come back in 2021. As we turn the page, what can we expect in the year ahead?
Article
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Understanding the Net Investment Income Tax: Key Insights for Investors
Doug explains that the NIIT is a 3.8% tax affecting individuals with high modified adjusted gross incomes. "It impacts those earning over $250,000 jointly or $200,000 singly." As wages rise, more investors are affected due to lack of inflation indexing. To mitigate NIIT, consider reallocating to tax-exempt bonds. Note that capital gains from home sales exceeding thresholds are also subject to NIIT.
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We’ve recovered certainly from the March and April lows dramatically, but we’re nowhere where we were last December, so I think you’re going to still see struggles. As long as the vaccine implementation of the vaccine beats the third wave, we should be in pretty good shape. I think for the full year, I’m pretty optimistic. I think for the next few months, I’m more on the fence. Like, it wouldn’t surprise me for us to begin to take a few steps back the first part of the year.
