Cannon Wealth Management

05/20/2026

Financial stress comes from a trigger; financial anxiety lingers even without one.

05/18/2026

Are you teaching this to your child?👇

05/18/2026

How should you invest now that Kevin Warsh is almost certain to be the next Federal Reserve chair? The short answer: Stay the course.

05/15/2026

The Pension Protection Act of 2006 first allowed taxpayers age 70½ or older to make tax-free charitable donations directly from their IRAs. Technically, these taxpayers were allowed to exclude from gross income otherwise taxable distributions from their IRA ("qualified charitable distributions," or...

05/14/2026

Most business owners think they have a tax problem.

In reality… they have a strategy problem.

And the difference between those two can be tens—or hundreds—of thousands of dollars per year.

Owning a business is all-consuming, especially in the first five years. Be prepared to miss family events, forgo vacations and perhaps struggle financially. The more passionate the individual, the greater the likelihood of success, but passion isn’t enough.

Longevity is achieved by taking the time necessary to ask the right questions for each step along the way.

Educating yourself is the single best strategy we can recommend. Would it surprise you to know that knowing how you want to exit, will help you determine how you will build, operate and grow your business.

05/13/2026

Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and work-based retirement plans after you reach age 73 (75 for those who reach age 73 after December 31, 2032;....

05/11/2026

When the stock market appears unstoppable, it is easy for investors to ​slip past the thin line without noticing.

05/08/2026

Stocks surged in April, delivering their strongest monthly gains in five years as solid economic data, easing geopolitical tensions, and upbeat first-quarter earnings lifted investor sentiment. The Nasdaq climbed 15.29%, the S&P 500 rose 10.42%, and the Dow gained 7.14%, while Canada’s S&P/TSX Composite added 3.65%. With no Fed meeting in May, attention turns to remarks from Fed officials and how evolving economic data may shape expectations moving forward. From \$34.1 billion in U.S. spending to the popularity of Mother’s Day dining and gifts, this month’s By the Numbers highlights how families celebrate the occasion.

Stocks surged in April, notching their best month in five years as investors cheered upbeat economic news, efforts to lower tensions in the Middle East, and first-quarter results.

05/08/2026

If you withdraw cash or other assets from an employer-sponsored retirement plan ("employer plan") in an "eligible rollover distribution," (defined below) you can defer paying tax on the distribution by rolling all or part of it over to another employer plan or to a traditional IRA. You don't include...

05/06/2026

What does your tax refund say about you? Learn how to read the signals behind your refund, from large payouts to owing taxes.