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Monday, December 5, 2022

In late October, the IRS announced that it is increasing contribution limits to retirement savings accounts in 2023. The changes, like many you are seeing, are a direct result of months of high inflation and financial uncertainty, some...

Monday, November 28, 2022

Despite the challenges of the past few years, Americans continued to give to charities at impressive rates. According to a Bank of America study, in 2021, individuals gave $484.85 billion, a 4% increase from already record levels in...

Monday, November 14, 2022

The year is almost over, and it’s safe to say that the financial markets and economy have faced their share of challenges. As financial professionals, part of our job is to support the financial well-being of families and align...

Thursday, November 3, 2022

The more pessimistic investors are, the more bullish you have to be: Don Luskin Oct. 27, 2022 - 5:25 - TrendMacro chief investment officer Don Luskin provides insight on the United States' GDP on 'Making Money.'

Tuesday, November 1, 2022

With the holiday season fast approaching now’s the time to pause and consider something else that takes place this time of year: open enrollment. Open enrollment for private and marketplace health insurance plans typically takes...

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Wednesday, October 12, 2022

Over 50% of consumers have fallen victim to a cybercrime, with a third of those attacks taking place in the past year alone. So there are 263 million American consumers. 131.5 million have been hit by cybercrime, with 44 million...

Tuesday, October 4, 2022

Most people are used to having a percentage of their paycheck withheld for Social Security. The withholding rate in 2022 stands at 6.2% for individuals and another 6.2% for their employers, for a total of 12.4% per person.1 But...

Thursday, September 15, 2022

You may have heard by now that the markets experienced their biggest drop on Tuesday since June 2020. The S&P 500 fell 4.3% and the tech-heavy Nasdaq composite dropped more than 5%.1,2 What happened?Persistent inflation is continuing to...

Tuesday, September 13, 2022

Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality and other charges. If a policy...

Thursday, September 1, 2022

Through August, investors running a classic 60/40 stocks-bonds portfolio were sitting on a brutal -14% total return. As shown below, that's the worst first 8 months of the year since at least 1976. Typically, declines in stocks are...

Tuesday, August 30, 2022

A comprehensive sell-off on Friday following comments by Fed Chair Jerome Powell drove stocks to losses for the week.The Dow Jones Industrial Average tumbled 4.22%, while the Standard & Poor's 500 dropped 4.04%. The Nasdaq Composite...

Tuesday, August 30, 2022

As of 8/26/22, the 10-, 20- and 30-year averages for the U.S. Dollar Index registered readings of 92.71, 88.49, and 91.61, which is a relatively tight range over a span of 30 years. The average of the three averages is 90.94. It's at 108.74

Thursday, August 25, 2022

The end of summer and the start of the school year always seem to be a catalyst for conversations about college savings and where they fit into larger, long-term financial strategies. In particular, the 529 college savings plan, with...

Tuesday, August 16, 2022

With inflation at 40-year highs, the Fed is aggressively hiking interest rates; but it's a tricky proposition: raise rates too much and many fear the next recession is right around the corner. Markets have been reflecting that fear,...

Thursday, August 11, 2022

Does waiting 30 days for a government report seem a bit unreasonable? After all, we live in a world of instant messages and real-time quotes. Why should we wait a whole month between updates on the Consumer Price Index to see what's...

Wednesday, August 10, 2022

Is Now a Good Time for a Roth IRA Conversion?We know that taxes are one of life’s two inevitables. So, the question is not if you will pay taxes on your retirement accounts, but when and how much. That’s where Roth IRAs...

Friday, August 5, 2022

The first six months of 2022 saw the S&P 500 decline of -20.0% including dividends from its all-time high at 4,796.56 on January 3 to a closing low of 3666.77 on June 16, 2022. It ended at 3,785.38 on June 30.More noteworthy even than...