This commentary represents Waypoints’ views. The statistics and projections cited in this commentary have been provided by sources generally considered to be reliable, but are not guaranteed. Opinions and estimates offered constitute Waypoints’ judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. This material is solely informational. The information and analyses contained herein are not intended as tax, legal, or investment advice and may not be appropriate for your specific circumstances; accordingly, you should consult your own tax, legal, investment, or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such appropriateness. The material may also contain forward-looking statements that involve risk and uncertainty, and there is no guarantee they will come to pass. Any investment returns—past, hypothetical, or otherwise—are not indicative of future performance.