By no measure was 2022 a good year for investors. Looking into 2023, there are three issues that will impact the market: The Fed and Interest Rates, Ukraine/Russia/Energy, China/Supply Chains.
Procrastination is a quiet yet effective enemy to all of our ambitions - especially our most meaningful and rewarding ambitions that require a long period of sustained thought, discipline, and effort to convert from pure mental desires into physical realities. Furthermore, it is essentially impossible to avoid procrastinating on the necessary actions/decisions that contribute to accomplishing a pleasant desire while lacking awareness of the cause-effect relationships that enable the realization of the desire. Although someone may not be seemingly procrastinating in the general sense while engaging in unnecessary (unproductive) actions to achieve a desire - they are unknowingly procrastinating on the necessary (productive) actions by lacking awareness of such actions (causes) involved in the cause-effect relationships.
There is no doubt that the rapidly growing inflation rates seen around the world in 2022 have severely impacted Americans. September 2022 numbers show the US inflation rate hovering at about 8.2% for the previous 12 months(1) as American families struggle to keep up with rising costs of basic needs like food and gas. The IRS recently released adjustments for over 60 tax provisions in response to the overwhelming inflation rates...
On Wednesday, President Biden announced his Student Loan Forgiveness Plan that has been long awaited by many strapped with thousands in student loan debt. The finer details need to be worked out, and there is no doubt that his plan will most likely see legal challenges and hurdles along the way. Check out what we know as of today.
With two tough quarters, we are not sure what the third quarter will look like. However, we know there are three questions on everyone's mind: 1. Are we in a recession? (If not now, is one coming?) 2. When will inflation (specifically gas prices) come down? 3. How long will this market last?...
“Annuity” now there is a word that generates some mixed feelings, and along with those feelings a myriad of conflicting opinions, both personal and professional. How can someone possibly determine if annuities are a useful financial tool for them?
As financial advisors, one area that we are well versed in is protecting our clients from financial fraud. Although everyone is susceptible to falling victim to fraud, seniors tend to be the group that is targeted most frequently. Therefore, in observance of World Elder Abuse Awareness Day on June 15th, we will focus on one area of elder abuse: financial exploitation.
It is no secret that women traditionally had little to do with family finances or retirement planning. Over time, women have come a long way, especially as their presence in the workforce expanded and income increased.