This week the Treasury announced the new rate for I bonds, and if you haven’t heard the new rate is 4.3%, a drop from the previous 6.89% announced in November 2022. We thought in light of this announcement and the fact that many of you purchased I bonds in the past, we thought that we’d […]
The U.S Department of the Treasury defines the debt limit as “the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds and other payments.” The US Treasury goes on to […]
“I don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not. It is not knowable.” Jerome H. Powell, Chair of the Federal Reserve. News conference, December 14, 2022. We are not smarter than the Federal Reserve, so we […]
As financial advisors, we’re used to all the nuances and choices that retirees face when it comes to when and how to take their Required Minimum Distribution (RMD). However, for those retirees turning 73 this year who have never dealt with RMDs before, there can be a lot of items to consider beyond just “how […]
I’ve had a few clients ask me about the stock market swings this week. First, we had the 700-point rally in the Dow on Wednesday, and then on Friday the market opened down over 300 points. I’m guessing some of you may have wondered the same thing, so I wanted to share my thoughts. For […]
What follows is a hypothetical conversation in response to the question, “When will the markets go back up?” “Are we there yet?” No. “Do you mean we aren’t at the bottom yet?” Quite possibly. “Or that we aren’t ready for the next turnaround?” That, too. “How long will the bear market last?” That depends, but […]
Humor me while I repeat myself. There are some points worth making more than once. Especially when it comes to inflation, recession, and the stock market. In my May 2, 2022 Blog, What’s Up with Current Market Volatility, I referenced the following: The Federal Reserve oversees the control of inflation. The key tools the Fed […]
Stock benefit plans come in a variety of flavors, each requiring thoughtful decision making along the way to maximize the benefits these types of plans can offer. In this blog we explore the challenges these types of plans can present to clients and some important considerations you should be aware of. Challenges of these types […]
I’m writing this blog on the first day of Spring, thinking about how different our lives are now from a year ago. I’m painfully aware that many Americans are still struggling due to COVID and our thoughts and prayers go to those folks. At the same time there is some reason to be optimistic as […]
In honor of women’s history month, we acknowledge the many achievements and contributions women have made throughout the years, but we also recognize the unique challenges they face. From a financial perspective, women are faced with certain realities that shape how they think of their future stability. Understanding what obstacles may lie ahead can help […]
