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# Tandem Wealth Advisors: Founded in 2011, investment manager Tandem Wealth is a steward of investor capital across market cycles, macroeconomic conditions, and complex world events. The firm strives to surpass client expectations on a daily and long-term basis through an ongoing collaborative dialogue, providing investor clients with the tools and knowledge to understand their resources in the context of market conditions.

## Sitemaps
[XML Sitemap](https://tandemwealth.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [The Infrastructure Behind Artificial Intelligence](https://tandemwealth.com/the-infrastructure-behind-artificial-intelligence/): Data centers are the physical infrastructure powering the digital economy. Every AI query, cloud application, streaming service, online payment, medical record, and software platform depends on servers housed in secure facilities that operate around the clock.
- [Affinity Investing is a Real Risk](https://tandemwealth.com/affinity-investing-is-a-real-risk/): Using January 20, 2025 as the starting date and July 14, 2026 as the ending date, here are the returns:
- [Social Security: A Little More Time, But the Same Long-Term Challenge](https://tandemwealth.com/social-security-a-little-more-time-but-the-same-long-term-challenge/): While those dates are modestly better than previously expected, they should not be mistaken for a solution.
- [Second Quarter 2026](https://tandemwealth.com/second-quarter-2026/): After years of large companies’ dominance, earnings across large, mid, and small companies are rising.
- [Edition 21](https://tandemwealth.com/edition-21/): However, much of the broader investment case depends on future expectations rather than current earnings alone. Investors are not simply buying today’s profits. They are buying the possibility that Musk can build a much larger enterprise over time, potentially combining communications, space transportation, artificial intelligence, and data infrastructure into one platform.
- [The AI Boom: The Right Question for Investors](https://tandemwealth.com/the-ai-boom-the-right-question-for-investors/): Many investors today are asking whether the AI boom represents a bubble. While that question generates headlines, it may not be the most useful question for long-term investors.
- [America’s Quiet Productivity Boom May Be More Important Than the Headlines](https://tandemwealth.com/americas-quiet-productivity-boom-may-be-more-important-than-the-headlines/): Importantly, this productivity improvement is not being driven solely by artificial intelligence, at least not yet.
- [Edition 20](https://tandemwealth.com/edition-20/): Our objective remains the same through every crisis: to own stakes in companies with durable business models at reasonable valuations. Stay invested, stay disciplined, and focus on the long term, accepting that short-term volatility is inevitable.
- [First Quarter 2026](https://tandemwealth.com/first-quarter-2026/): With high geopolitical tension and unpredictable policy, we rely on fundamental economic data, earnings data, and upcoming company guidance to direct our decision making.
- [Research Over Headlines](https://tandemwealth.com/research-over-headlines/): Earlier in his career, he focused on the intersection of macroeconomics and financial markets, including financial stress, its impact on the real economy, the Fed’s lender-of-last-resort role, and the natural rate of interest. More recently, he has supported policymakers in assessing economic conditions and advising on monetary policy strategy and communication.
- [Total Return Investing](https://tandemwealth.com/total-return-investing/): How do you preserve purchasing power while generating sustainable income?
- [Edition 19](https://tandemwealth.com/edition-19/): Angus: In the current landscape, what indicators are most important to your analysis of the market?
- [Fed Leadership Update](https://tandemwealth.com/fed-leadership-update/): His background reflects a strong blend of institutional and market experience:
- [Market Review 2025](https://tandemwealth.com/market-review-2025/): https://tandemwealth.com/wp-content/uploads/2026/04/Tandem2025MarketOverview.mp4
- [Fourth Quarter 2025](https://tandemwealth.com/fourth-quarter-2025/): The economy will have broad-based stimulus to start the year with Fed cuts and fiscal support including outsized tax refunds and favorable tax treatment for capital investments.
- [Nationalism in Cycles: What Actually Moves Markets](https://tandemwealth.com/nationalism-in-cycles-what-actually-moves-markets/): Markets did not collapse because of nationalist rhetoric. They collapsed because the underlying economic infrastructure failed.
- [Are Markets Logical? Why Investing Still Makes Sense](https://tandemwealth.com/are-markets-logical-why-investing-still-makes-sense/): Short-term prices reflect what investors anticipate might happen, not what is currently happening.It is why week-to-week or month-to-month moves can look disjointed or chaotic.
- [Why You Shouldn’t Compare Your Portfolio to Warren Buffett’s](https://tandemwealth.com/why-you-shouldnt-compare-your-portfolio-to-warren-buffetts/): Investors sometimes assume that because Buffett keeps large cash reserves, they should too. However, Berkshire’s cash isn’t just a store of unused reserves. It serves as a financial safeguard, ensuring the insurance arm can meet its obligations in any market environment. This capital must remain both liquid and dependable—not out of Buffett’s fear of a downturn, but because such liquidity is a core part of Berkshire’s business model.
- [AI Investing: Hype or Real Progress?](https://tandemwealth.com/ai-investing-hype-or-real-progress/): Today’s AI expansion appears more firmly grounded than past speculative cycles. Investment is flowing into tangible assets— an electrical grid upgrade, semiconductors, data centers, and software platforms—that improve productivity across industries. Many companies are already realizing measurable cost savings and efficiency gains from AI adoption, and the earnings of leading firms are growing alongside their valuations. Private capital is going to commercially viable solutions rather than purely experimental ideas.
- [Increasing Allocation to Emerging Markets](https://tandemwealth.com/increasing-allocation-to-emerging-markets/): Why Emerging Markets?
- [Third Quarter 2025](https://tandemwealth.com/third-quarter-2025/): Narrow credit spreads (signaling economic optimism), improving earnings breadth, and record profit margins were all supportive of this quarter’s equity performance.
- [Edition 18](https://tandemwealth.com/edition-18/): Angus: How do the broader economy and stock market evolve from here?
- [US Outlook—Resilient Fundamentals Amid Crosscurrents](https://tandemwealth.com/us-outlook-resilient-fundamentals-amid-crosscurrents/): Fed Success: Inflation has fallen from 9% to under 3% without a recession. While the job market could soften, it has remained impressively resilient through tough macro conditions.
- [Edition 17](https://tandemwealth.com/seventeen-edition/): Angus: Why is the market so positive on the passage of Trump’s mega-tax bill?
- [Second Quarter 2025](https://tandemwealth.com/second-quarter-2025/): In the long run, we expect large US companies to lead markets due to higher growth rates with tailwinds from the massive investment in artificial intelligence over the past few years.
- [It’s Not What You Save, It’s What You Spend](https://tandemwealth.com/its-not-what-you-save-its-what-you-spend/): The Myth of the Magic Number
- [Edition 16](https://tandemwealth.com/sixteen-edition/)
- [First Quarter 2025](https://tandemwealth.com/first-quarter-2025/): Many questions remain regarding tariffs, including their ultimate objective, magnitude, permanence, and timeline.
- [Gold, Bitcoin, and Stocks](https://tandemwealth.com/gold-bitcoin-and-stocks/): Gold
- [Edition 15](https://tandemwealth.com/fifteen-edition/): Tariffs
- [Market Volatility](https://tandemwealth.com/market-volatility/): Given our experience with the president’s first term, we anticipated haphazard changes heading into 2025. Due to policy changes, an already richly valued stock market, and a necessary reduction of government spending that has propelled growth over the past two years, we expect some volatility and more muted returns than in previous years.
- [Edition 14](https://tandemwealth.com/fourteen-edition/): Amy: The economy has been stronger than expected. Inflation fell from 10% to a more normal level, employment has held up better than expected due to all the fiscal stimulus still flowing through the economy, the Fed started easing, and the US election is behind us. S&P 500 earnings grew 12% year-over-year in 2024 compared to 6% in 2023, with the mega-caps doing the heavy lifting. Artificial intelligence has emerged as the most dominant investing theme with the promise of extraordinary productivity gains.
- [Fourth Quarter 2024](https://tandemwealth.com/fourth-quarter-2024/): Despite a year full of nuance (with the start of the Fed easing cycle and a presidential election), 2024 returns looked a lot like 2023 returns, with momentum and large-cap growth stocks providing leadership.
- [Taking Social Security](https://tandemwealth.com/taking-social-security/): Deciding When to Take Social Security
- [Ask the Managers](https://tandemwealth.com/ask-the-managers-november-2024/): https://tandemwealth.com/wp-content/uploads/2024/11/TandemWealth_AskTheManagers_Post2024Election_v2-1-1-1.mp4
- [Third Quarter 2024](https://tandemwealth.com/third-quarter-2024/): Although it is just the start, the larger than expected cut indicates the Fed is committed to supporting growth.
- [Candidate Policy Comparison](https://tandemwealth.com/candidate-policy-comparison/): Summary
- [Edition 13](https://tandemwealth.com/thirteen-edition/): Angus: How does the Fed determine how much and how quickly rates should be reduced?
- [Second Quarter 2024](https://tandemwealth.com/second-quarter-2024/): The economy continues to cool but has not contracted or fallen into recession.
- [Edition 12](https://tandemwealth.com/twelfth-edition/): A conversation with Tandem’s Chief Financial Officer
- [Philosophy](https://tandemwealth.com/philosophy/)
- [Financial Planning](https://tandemwealth.com/financial-planning/)
- [Investment Process](https://tandemwealth.com/investment-process/)
- [Receiving an Inheritance](https://tandemwealth.com/receiving-an-inheritance/): Take Time to Make Smart Decisions
- [End-of-Life Planning](https://tandemwealth.com/end-of-life-planning/): Preparing an Estate Plan
- [First Quarter 2024](https://tandemwealth.com/first-quarter-2024/): The remarkable strength of the economy in the face of higher rates puts the Fed in a holding pattern, waiting for either better inflation data or a weaker economy.
- [Real Estate Capital Gains](https://tandemwealth.com/real-estate-capital-gains/): Qualifying for the Section 121 Exclusion
- [Fourth Quarter 2023](https://tandemwealth.com/fourth-quarter-2023/): So far, the economy has absorbed an aggressive campaign of 11 rapid interest rate increases without destroying the labor market, which added 4.8 million jobs in 2022 and 2.7 million jobs in 2023.
- [Edition 11](https://tandemwealth.com/eleventh-edition/): Angus: Tell us about yourself, Austin.
- [Third Quarter 2023](https://tandemwealth.com/third-quarter-2023/): After years of abnormally low interest rates, the Fed’s tough stance is intended to normalize the rate environment and prevent structurally engrained inflation

## Pages
- [Colorado](https://tandemwealth.com/colorado/): https://www.youtube.com/watch?v=hoN7TjpBuEU
- [Web Appointment](https://tandemwealth.com/nextlevel/): https://www.youtube.com/watch?v=hoN7TjpBuEU
- [Policies](https://tandemwealth.com/policies/): Policies
- [Collaboration](https://tandemwealth.com/collaboration/): https://www.youtube.com/watch?v=3iubmDrjjM8https://www.youtube.com/watch?v=3iubmDrjjM8
- [Privacy Policy](https://tandemwealth.com/privacy-policy/): Privacy Policy Notice
- [Terms of Use](https://tandemwealth.com/terms-of-use/): Overview
- [Insights](https://tandemwealth.com/insights/): INSIGHTS
- [Client Login](https://tandemwealth.com/client-login/): CLIENT LOGIN
- [Home](https://tandemwealth.com/): Founded in 2011, investment manager Tandem Wealth is a steward of investor capital across market cycles, macroeconomic conditions, and complex world events. The firm strives to surpass client expectations on a daily and long-term basis through an ongoing collaborative dialogue, providing investor clients with the tools and knowledge to understand their resources in the context of market conditions.

## Team
- [Robbie Cohen](https://tandemwealth.com/team/robbie-cohen/): Robbie Cohen, Senior Client Relationship Associate, collaborates with clients on their account requests, consistently ensuring that their needs are met quickly and efficiently. He is responsible for directing account transactions such as wires, transfers, disbursements, fund redemptions and purchases, and the opening of new accounts. Additionally, he processes investment transactions and coordinates the transfer of incoming assets to new or existing accounts. He also assists with Tandem’s technology projects and special assignments. Cohen holds a BS in Business from University of Phoenix.
- [Meghan Mulligan](https://tandemwealth.com/team/meghan-mulligan/): Meghan Mulligan, Client Relationship Associate, has worked with Tandem for over ten years with two decades of financial services experience as an accountant. She collaborates with clients on their financial plans, helping implement the plans to achieve their goals. She is responsible for accounting, budgeting, financial reporting, and treasury. Mulligan also works with the firm’s outside CPA firm in tax planning. She holds a BS in Business Accounting from University of Phoenix.
- [Colin Denker](https://tandemwealth.com/team/colin-denker/): Colin Denker, Director of Operations and Trading, oversees the firm’s day-to-day operations such as client onboarding, account maintenance, compliance, data management, performance measurement and reporting, and other internal workflows. He is also in charge of Tandem’s technology projects, managing software implementation and the development of Tandem’s proprietary financial planning tools. Denker holds a BA in Psychology from Arizona State University.
- [Carolyn Rauch](https://tandemwealth.com/team/carolyn-rauch/): Carolyn Rauch, Vice President of Communications and Marketing, brings over 35 years of communications, strategic planning, positioning, marketing, and development experience to Tandem. She was most recently Executive Vice President at Dolaher Events, producer of E3. Before that, she served as Senior Vice President at IDG World Expo. Earlier positions include Senior Vice President at the Entertainment Software Association, Vice President at Robinson Lake Sawyer Miller, deputy national press secretary to US Senator Bob Kerrey’s presidential campaign, and deputy press secretary to US Senator Jim Sasser. As Bruce Babbitt's New Hampshire press secretary during his 1988 presidential campaign, she played a crucial role in managing media and coordinating press. She holds two BA degrees from Brown University.
- [Austin Garrett](https://tandemwealth.com/team/austin-garrett/)
- [Ryan Moore, CRPS®](https://tandemwealth.com/team/ryan-moore-crps/)
- [C. Angus Schaal, CFP®](https://tandemwealth.com/team/c-angus-schaal-cfp/): C. Angus Schaal, Founder and Senior Managing Director, has over 20 years of investment management experience. A CERTIFIED FINANCIAL PLANNER™ professional, he is an honors graduate of Marlboro College, with additional studies at Cleveland State University and Arizona State University. Schaal worked with Victory Capital Management, a former investment subsidiary of Key Bank, where he administered portfolios for individuals, businesses and non-profits. Schaal specializes in streamlining complex investment situations and integrating client values and goals with the most appropriate investment strategies to create low-cost, efficient portfolios. His objective is to preserve, protect and grow the capital of clients so they have the ability to sustain their standard of living during retirement. Schaal has been published in the Journal of Financial Planning and quoted on Forbes.com, InvestmentNews.com, and USAToday.com.
- [Amy Bush, CFA](https://tandemwealth.com/team/amy-bush-cfa/): Amy Bush, Chief Investment Officer, brings over 25 years of investment management experience to Tandem. She spent most of her career with Victory Capital Management in various functions including performance analytics, credit analysis, trading, portfolio management and as a fixed-income product specialist. Focusing on the convertible securities market, she co-managed a $1.5 billion portfolio for both institutional and retail clients, including a mutual fund that earned a Lipper award for 5-year performance. Managing this hybrid asset class for nearly 20 years gave her the unique opportunity to study both the US equity and fixed-income markets throughout her career. Bush’s objective is to utilize her experience investing through multiple market cycles to help clients safely and soundly reach their investment goals. She holds a BS in Business with a concentration in Finance from Miami University and an MBA with a concentration in Finance from Case Western Reserve University. Additionally, she is a holder of the Chartered Financial Analyst® designation.