November’s market action continued the main themes of 2022: inflation and interest rates. Like October, these factors provided a tailwind for stocks, sending the S&P 500 Index higher by 5.6% during the month and 14.1% so far this quarter. November also marked another month of value stocks outperforming their growth counterparts. Inflation was the first […]
Who doesn`t love receiving gifts? You may argue that it’s better to gift than to receive, but did you know that gifting assets to others can also be valuable for your estate planning needs? It’s important to understand what constitutes a gift, according to the IRS, and what that gift could cost you in taxes […]
As if midterm elections, interest rates, and inflation were not enough for an exciting start to November, a cryptocurrency meltdown was added to the list. These factors combined to lead the S&P 500 Index to a 3% rise to start the month and include last week’s S&P 500 Index rally to close up 6% after […]
Inflation remains at multi-decade highs, leading the Federal Reserve to continue with plans to increase short-term interest rates. Yet, the stock market just commenced a strong October. The Dow Jones Industrial Average posted its best monthly return since 1976, and despite rising interest rates throughout the month, the NASDAQ Composite even posted a 4% return. […]
Parents want what is best for their children, and watching them struggle financially is not easy. However, financially supporting your children for longer than initially anticipated could cause a delay in your retirement and, in some cases, create an unhealthy financial dependence. It is never too early to understand the impact that helping your adult […]
Inflation While inflation has pulled back from the June 9.1% screaming 40-year high, levels remain elevated at 8.2%.  September figures shows a reduction in gas prices, but costs for shelter, medical care, and food continue to rise.  The war in Ukraine has driven up energy and food prices.  But excluding food and energy, core inflation […]
As a volatile September ended, the S&P 500 Index continued its downward trajectory, closing the month with a loss of over 9%. September’s decline was driven by the markets processing what higher rates could mean for financial markets rather than new data indicating additional risks that lie ahead.  While corporate earnings remain stable relative to […]
Jim and Mary, husband and wife, walked into a financial advisor’s office to ask about life insurance. They just found out Mary has late-stage cancer. Jim wanted to know if he could place a policy on his wife to cover costs associated with burial, household expenses, and mortgage payments. The couple had very little savings, […]