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Raising Savers: Teaching Your Kids How to Avoid Learning Financial Responsibility the Hard Way
Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money provides a sense of freedom and the ability to buy things you want with your...
Read MoreSocial Security Isn’t Enough: How Social Security Fits into a Well-Rounded Retirement Plan
If you're nearing retirement age, you know the Social Security process and how much you will likely receive. With that information, you may have also anticipated that your Social Security benefit would not be enough to sustain you in...
Read MoreImproving Your Financial Literacy Can Improve Your Business
Financial literacy is essential for your personal financial health and even more crucial for the financial health of your small business. Being a small business owner comes with many responsibilities, one of which is maintaining the...
Read MoreHow Corporate Cash Management Helps Business Owners
A successful business isn't only about having an outstanding service or product that consumers desire. Success also includes managing day-to-day operations, strategic planning, and financial matters efficiently to create stability and...
Read MoreThe Role of AI in Investing and Financial Planning
The integration of tech can amplify the capabilities of financial professionals As investors navigate the dynamic landscape of the financial markets, they find themselves at the intersection of cutting-edge technology and traditional...
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A Business Case for Small Biz Retirement Plans
Unlocking talent and fostering financial wellness could pay future dividends In the competitive landscape of talent acquisition and retention, small business owners face a unique challenge – only one-third of them currently offer...
Read MoreWhy India is NOT the New China
Investing in India: Navigating the Unique Landscape Beyond China's Shadow In the realm of global investments and manufacturing, India has emerged as a compelling alternative to China. Boasting a population that surpassed China's last...
Read MoreInflation and Its Impact on Markets and Portfolios
Understanding the implications of CPI and PPI is crucial for investors In the ever-evolving world of finance, staying abreast of economic indicators is crucial for investors looking to make informed decisions. One such key indicator is...
Read MoreSocial Security Simplified: Common Questions and Answers
If you're a retiree in Albany, NY or the surrounding area, you probably are wondering how Social Security plays into your retirement plan. Whether you are getting close to retirement or even is still a little way off, here are some Q&A's.
Read MoreEmployee Stock Ownership Plans for Executives
Employee Stock Ownership Plans (ESOPs) have emerged as a popular mechanism for companies to foster employee ownership and align the interests of employees with those of shareholders. For seasoned executives, considering participation...
Read MoreThe Red Herring of Rising Small Biz Bankruptcies
Why rising bankruptcies are not a definitive sign of economic distress In the vast seascape of the American economy, small businesses are often compared to smaller vessels, navigating the turbulent waters of market changes, regulatory...
Read MoreWall Street's Nod to the U.S. Treasury's Adaptive Approach in Managing National Debt
Investor Confidence Boosted: The Treasury's Tactical Shift in Debt Issuance The U.S. Treasury's approach towards managing the burgeoning U.S. debt has recently garnered positive attention from Wall Street, marking a significant shift...
Read MoreDeflation, Disinflation, and Why Investors Need a Plan for Both
When the market moves, whether up, down, or in circles, there are terms to describe these dubious economic fluctuations. Here, we will discuss two of them, deflation and disinflation, and why investors should plan for both. ...
Read MoreTips to Navigating Gen Z’s Economic Challenges
As the world evolves, so too do the challenges faced by the younger generations entering the workforce. Over the last year, nearly four in 10 Gen Z individuals have found themselves grappling with financial setbacks, according to recent...
Read MoreHow to Boost Your FAFSA Eligibility in 6 Simple Steps
Some might believe that receiving the offer you were hoping for from the Free Application for Federal Student Aid (FAFSA) is a matter of luck. However, there is more to it than that. There are, in fact, measures that can be taken to enhance
Read MoreSECURE Act 2.0: What Business Owners Need to Know for 2024
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed into law in December 2019, had significant implications for business owners and employees regarding retirement savings and tax rules. With some of...
Read More8 Financial Wellness Tips to Help Manage Generational Wealth
Asset management and financial wellness can help develop long-term confidence when wealth transfers from generation to generation. Understanding and implementing financial wellness techniques is essential for effectively sharing wealth...
Read MoreKey Considerations for Small Businesses Enrolling in the Affordable Care Act
With the introduction of the Affordable Care Act (ACA), many changes have occurred in the American healthcare system. One impacted sector is small businesses, which face numerous complexities and opportunities regarding health...
Read More6 Tips for Reducing Social Security Taxes
Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances, include: If you have income from working in retirement....
Read MoreCollege Cost Data Released for 2023-2024
Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country. Over the past 20...
Read MoreHealthy Financial Behaviors for High-Net-Worth Individuals
For high-net-worth individuals (HNWIs), implementing healthy financial behaviors is crucial to maintaining their assets and growing wealth. Regardless of having significant financial means, embracing healthy financial behaviors must...
Read MoreA Beginner's Guide to Tax-Smart Retirement Withdrawal Strategies
For many, retirement is the phase of life to kick back, relax, and enjoy the fruits of years of working and saving. However, financial decisions before and during retirement can significantly influence our quality of life and tax...
Read MoreTALKING TO YOUR CHILDREN ABOUT INHERITANCE
Generational wealth involves financial planning, where parents or grandparents pass wealth to loved ones after they die. Entrusting family members with receiving an inheritance is more than just getting a hold of assets or a...
Read MoreAre We On the Brink of the Elusive Soft Landing?
Signs are encouraging and the possibility seems more tangible than ever In the intricate world of economics, maneuvering the vast U.S. economy without causing disruptions is likened to steering a colossal ship through a tempestuous...
Read MoreShutdowns and the Impact to Financial Markets
Tips to be prepared for the financial impacts of U.S. Government shutdowns Government shutdowns have become a recurrent feature of American politics, with their origins dating back to the late 20th century. These shutdowns, which occur...
Read MoreYear-End Planning for Retirees
As we approach the last quarter of each year, it is a good time to plan for the next one. Year-end planning is especially important for existing retirees and those hoping to retire in the next few years. There are tax and income...
Read MoreShutdowns and the Impact to Financial Markets
The following is a very brief history of U.S. government shutdowns and the effects they have on financial markets. More importantly, here are a few insights into how investors should prepare for the uncertainty surrounding such events.
Read MoreAre We On the Brink of the Elusive Soft Landing?
Recent economic data, however, provides a glimmer of hope. A somewhat declining inflation trend coupled with a sustained growth in economic output has sparked optimistic whispers among economists. Here's why many believe a soft landing...
Read MoreTALKING TO YOUR CHILDREN ABOUT INHERITANCE
Even though it is a sensitive topic, parents and children should consider scheduling an appointment with the parent’s financial professional to discuss the children’s future inheritance, the hopes and expectations of all involved....
Read MoreWhat to do With Stock Markets at All-Time Highs
Key principles for a confident journey when investing at market peaks The Dow Jones Industrial Average (DJIA) is an index of 30 very-large, blue-chip U.S. companies. The most recent all-time-high (as of early August 2023) was on...
Read MoreFed’s Core Inflation Focus vs. Retirees’ Real World
For retirees living on fixed incomes, excluding energy and food prices from the inflation equation is a luxury they cannot afford. These essential expenses impact their daily and future lives, making it crucial to consider an updated plan
Read MoreU.S. Economy: Soft Landing or Delayed Recession?
Economists have been predicting a recession for the U.S. economy ever since the Federal Reserve began aggressively raising interest rates in 2022. These "headline" numbers suggest an economy coming in for a "soft landing" — a term...
Read More401(k) Options for Small Business Owners
Regardless of the business's size, small business owners have 401(k) retirement savings plan options that may be suitable for their situation. Business owners must plan for retirement by utilizing retirement savings vehicles that may...
Read MoreA Business Owners’ Guide to Tax-Smart College Planning
Fortunately, business owners have a couple of advantages when funding college expenses. Here are a few ways small-business owners might save money while their children are in college...
Read MoreThe Stealth Move by the IRS & Kids’ Inheritance
One recent development that has stirred conversations among investors and advisors alike is the issuance of the IRS Revenue Ruling 2023-2. This ruling has presented a unique set of challenges and opportunities for estate planning...
Read MoreInvestor Expectations and Market Realities
In recent times, investor expectations have shown a concerning trend of becoming detached from the realities of the market. The focus on technology and artificial intelligence (AI) has largely kept investors engaged and buying, creating...
Read MoreManaging Bond Risks When Interest Rates Rise
After dropping the benchmark federal funds rate to a rock-bottom range of 0%–0.25% early in the pandemic, the Federal Open Market Committee has begun raising the rate toward more typical historical levels in response to high...
Read MoreUsing Trusts to Manage Wealth: What Investors Should Know
Whether you manage a trust for someone else, are the beneficiary of a trust, or are thinking of creating a trust, you probably have some questions about the "best practices" of trust management. A well-managed trust can help...
Read MoreCredit Card Debt & The Implications for Investors
Trends in debt, interest rates and consumer spending can impact sectors As Americans grapple with the challenges of dwindling purchasing power, credit cards have become a popular way to bridge the financial gap. However, this has led...
Read MoreBuying on Margin
What is it?Buying on margin allows an investor to buy securities partially with his or her own funds and partially with funds borrowed from a broker. To buy on margin, an investor must open an account, called a margin account, with a...
Read MoreTransformative Tech - Will AI Upend the American Workforce?
A chatbot with uncanny human-like writing abilities has become the poster child for artificial intelligence (AI) since it was released in late 2022, inspiring new levels of attention, excitement, and concern about recent advances in...
Read MoreUnderstanding the Fed’s Pause on Rate Hikes
Remain vigilant as we might see more rate hikes later this summer The decision by the Federal Reserve to pause its upward trajectory of the federal funds rate – after 10 straight hikes over the past 14 months – has...
Read MoreWall Street is Not Sweating the Debt Ceiling – Yet
The press – not Wall Street – is most concerned about the June 1st deadline The debt ceiling refers to a legislative limit imposed by the U.S. government on the amount of debt that can be issued to fund its activities. It...
Read MoreTop 3 Mistakes to Avoid as 1st Time Home Buyer
Purchasing your first home is an exciting milestone, but it's crucial to approach it with caution and a clear understanding of the potential pitfalls. Recent studies have shown that a staggering 90% of first-time homebuyers have regrets...
Read MoreManaging the Uncontrollable With Your Business
A PEST analysis can help you identify and understand macro-factors better In the world of business, one must navigate through a sea of uncertainties and external factors that can significantly impact the success of any venture. While...
Read More401(k) Rollovers Can Make or Break Retirement
Making informed decisions about retirement is crucial to financial independence In an era characterized by high job turnover, it is more important than ever for employees to carefully manage their retirement savings. With a significant...
Read MoreBenefits of Including Investment-Grade Bonds
For investors seeking stable returns in their fixed-income portfolio Over the last 15 years, investment-grade bonds have modestly outperformed Treasuries, making them an attractive option for investors seeking stable returns in their...
Read MoreA Guide to Incorporating Philanthropy into Your Financial Planning
If you're considering giving back to society or a cause as part of your financial planning, there are many ways you can do so. You can make an impact while receiving tax benefits by including philanthropic giving as part of a holistic...
Read MoreThe Resurgence of the Classic 60/40 Strategy?
After a disastrous 2022, the 60/40 strategy might be poised for a comeback After a tumultuous 2022, investors are once again turning to the classic 60/40 investment strategy, with many finding renewed success in this historically...
Read More3 ESTATE PLANNING TIPS FOR SMALL-BUSINESS OWNERS
For business owners, estate planning may seem like another task to do on a long to-do list. Having a solid estate and succession plan in place may be crucial to your business's long-term success.
Read MoreThe Great Wealth Transfer: Is Your Family Prepared?
Over the next twenty years, a wealth transfer will occur that exceeds $30 trillion. It is imperative families develop a plan to transfer assets since the transfer of wealth is inevitable...
Read MoreA New Financial Crisis or a Typical Bear Market?
A New Financial Crisis or a Typical Bear Market?Comparing 2008/09 with the current financial landscape offers guidance The 2023 global economy has been experiencing a period of turmoil, marked by aggressive responses from governments,...
Read MoreEstate Planning: Don’t Just Set It and Forget It
Estate planning is critical for efficiently transferring your money, property, and assets to your beneficiaries after you die. As life continues to change, your estate plan should reflect those changes too.
Read MoreRaising Financially Aware Kids in the Internet Age
Raising Financially Aware Kids in the Internet AgeToday's kids have more information at their fingertips than past generations could ever have dreamed—but not all this information is always accurate. And when it comes to...
Read MoreWhy Business Owners Need Financial Planning
Why Business Owners Need Financial PlanningIf you're a business owner, you are likely the Chief Everything Officer at work and have many responsibilities. A business owner's situation is unique since they are asset-rich and cash-poor...
Read More4 Tips and Resources to Help Seniors During Periods of High Inflation and Market Volatility
4 Tips and Resources to Help Seniors During Periods of High Inflation and Market VolatilityIn 2022, U.S. inflation hit a 40-year high, with prices for food, housing, gasoline, and other key staples increasing by nearly 10% over the...
Read MoreTips for Controlling the Rising Cost of Healthcare
Controlling healthcare costs is a major concern for individuals, businesses, and governments. The rising cost of healthcare has become a significant issue that affects millions of people in the United States and around the world...
Read MoreIs the Yield Curve Signaling a Recession
The yield curve is one of many indicators that economists consider when making economic projections. Yield curve inversions do not cause a recession; rather they indicate a shift in investor sentiment...
Read MoreRetail Sales Report and the Stock & Bond Markets
Not only does the Retail Sales Report reflect the status of specific retail sectors (with clues to how their overall stock prices might change), but it also acts as a coincident indicator. If the Federal Reserve seems more likely to hike...
Read MoreThe Investment Risks of U.S./China Relations
The relationship between the United States and China has been one of the most important geopolitical issues of the 21st century. With the two countries being the world's two largest economies, their interactions have far-reaching...
Read MoreThinking About Emerging Markets This Year?
Despite a slew of geopolitical uncertainties and significant theoretical headwinds, emerging markets are showing resilience and growth potential that could make them a bright spot for investors in the year ahead.
Read MoreSVB and Signature Failures Evoke Memories of 2008
The scale of the bank failures that have hit the U.S. financial system are, when looking at the total associated assets, on an alarmingly similar scale to those recorded in 2008. Despite the similarities in terms of asset value, opinions...
Read More“A Long Way to Go and is Likely to Be Bumpy”
Powell’s comments suggest the Fed is likely to raise rates higher and faster. During a Senate Banking Committee hearing in early March of this year, Fed Chair Jerome Powell reiterated that the Fed is committed to controlling inflation...
Read MoreThe Debt Ceiling and Deficit Spending
If the debt ceiling is not raised in a timely manner, the U.S. government could default on its financial obligations, resulting in unpaid bills, higher interest rates, and a loss of faith in U.S. government securities...
Read MoreDebt Ceiling Primer
While concerns about the debt ceiling have been increasing, markets, businesses, and the economy are likely to see only minimal impact until we are days, or maybe a few weeks, from the “x date,” the date on which the federal government will
Read MoreWhat’s Changed and What it Could Mean
Markets have adjusted to several changes this year. The pace at which inflation has cooled is slowing. The market has started to believe the Federal Reserve’s (Fed) “higher for longer” message. The bar for earnings...
Read MoreTrying to Stick the Landing
Soft landing or no soft landing, that is the question, with all due respect to William Shakespeare. But while this may be the most commonly asked question these days, it may not be the most important or the toughest. That honor goes to...
Read MoreWhat to Know About the Secure Act 2.0
With the signing of the Omnibus Appropriations package into law, both employees and employers can take advantage of more than 90 new provisions aimed at creating opportunities to create or modify workplace retirement plans and...
Read MoreBrightening Outlook for International Equities
Investors got more excited about international investing late last year. Some of that was chasing better returns, as developed international equities solidly beat the U.S. over the last three months of 2022. Some was the increased...
Read MoreWill January Hit the Trifecta?
The script has been flipped in 2023. Last year’s underperformers have turned into outperformers this year, driving the S&P 500 Index up over 5% this month. The pace and composition of the rally have left many investors skeptical...
Read MoreA Feisty Bull-Bear Debate
The latest episode of the debate between stock market bulls and bears has gotten more interesting. For every valid point from one side, there’s an equally compelling argument on the other side. Perhaps the best reason for the...
Read MoreQ4 Earnings Preview: Pessimism May be Overdone
Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster global growth, ongoing profit margin pressures from inflation, and negative currency impacts are likely to translate into a...
Read MoreLessons Learned in 2022
We believe accountability and modesty are among the keys to success in this business. In striving for those qualities, LPL Research has a tradition of starting off a new year with a lessons learned commentary. We got some things wrong...
Read MoreHISTORIC YEAR FOR CENTRAL BANK ACTIVITY
The Federal Reserve (Fed) wrapped up its last Federal Open Market Committee (FOMC) meeting of the year last week, where it hiked short-term interest rates for the seventh time in as many meetings, taking the fed funds rate to 4.5%...
Read MoreDecember Down But Not Out
Despite the S&P 500 Index starting December with five consecutive days of losses, we think December is down but not out. December often starts slow but historically has been a strong month. There are also some potentially supportive...
Read MoreFed faces twin threats of recession and financial crisis as its inflation fight raises risks of both
There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to a halt, leading to a recession. Less talked about is the risk of a...
Read MoreSocial Security Gets a Massive 8.7% Raise, But…
Social security is way behind inflation so you may need a better retirement planIn October of 2022, the Social Security Administration announced that Social Security and Supplemental Security Income (SSI) benefits for more than...
Read MoreHow the Secure Act 2.0 Could Change the Way You Save for Retirement
The pending legislation for the proposed retirement reform, better known as the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, is expected to be passed into law by the end of 2022. In March of this year...
Read MoreUnderstanding Capital Gains Tax as an Investor
As an investor, you may be impacted by capital gains if you sell your investment – whether at a gain or loss. Understanding capital gains may help with your overall investment strategy and the potential to preserve your wealth....
Read MorePlaybook for Fed Pivot
Recent inflation data has tempered expectations for future Federal Reserve tightening, including a potential peak in the terminal rate near 5.0% in May or June of 2023. While the market has welcomed this news, history suggests the path...
Read MoreHigh Inflation and Rising Rates Supported Value in 2022
The growth vs. value debate has been pretty one-sided in 2022, with value outperforming growth for a sustained period for the first time in almost 15 years. However, the debate is heating up as investors begin to consider whether the...
Read MoreHow Mid-Term Elections May Move Markets
Midterm elections are upon us, with Election Day on Tuesday. Republicans are strongly favored to win the House, and the Senate is roughly a tossup. We believe either outcome would be market[1]friendly, although the bigger market driver...
Read MoreFederal Reserve Preview: Trick or Treat?
With a series of important economic indicators suggesting the economy is declining and inflation is finally decelerating, albeit very slowly, markets are beginning to factor in that the Fed may soon transition to a less aggressive...
Read MoreHow Russia and China Might Impact Portfolios
Concentrate on your investment strategy when turbulence hits the marketsDo events overseas, like a belligerent Russia and a slower-growing China, make you nervous about your portfolio? Absent a full-scale war in Eastern Europe...
Read MoreA Stronger U.S. Dollar Has Investing Implications
The strong dollar is much in the news lately. But most Americans, other than tourists beyond our shores, don't focus on what that means to them. For U.S. investors, the upshot is not great. In fact, for most, currency fluctuations...
Read MoreYear-End Investment Decisions
What are year-end investment decisions? Year-end investment decisions may sometimes result in substantial tax savings. Tax planning may allow you to control the timing and method by which you report your income and claim your deductions...
Read MoreTop Year-End Investment Tips
Just what you need, right? One more time-consuming task to be taken care of between now and the end of the year. But taking a little time out from the holiday chores to make some strategic saving and investing decisions before December...
Read MoreThree Things to Know About Recessions
If the U.S. economy enters a recession, the causes and potential outcome will be hotly debated. At LPL Research, our starting point is always looking at history. This week’s commentary will remind us of three things we know about...
Read MoreLow Bar for Earnings Season
Expectations are very low for this earnings season. The challenges are many, with intense cost pressures and slowing economic growth at the top of the list. The chorus of analysts and strategists calling for big cuts to estimates has...
Read MorePockets of Vulnerabilities
As Federal Reserve (Fed) officials continue to emphasize the Fed’s commitment towards restoring price stability, the dollar marches ever higher. Markets are currently pricing in another 75-basis point rate hike at the November 2...
Read MoreMarkets on Watch as Xi Jinping’s Influence to be Tested in October
On October 16, China will begin its 20th National Congress of the Chinese Communist Party in Beijing. This plenum is especially significant because it is expected that President Xi Jinping will be granted an unprecedented third term,...
Read MoreWhy Beating the S&P 500 is the Wrong Goal
How you perform against one index bears little on your financial well-beingStudy after study has shown that beating the S&P 500 over the long-term is nearly impossible. Yet, nearly every time I meet with a new investor, they ask the...
Read MoreTactical Asset Allocation in Today’s Market?
Understanding relative strength (momentum) and counter-trend analysis Wise investors alter their approaches as market cycles shift, from bull to bear to something in between. A consistent strategy can be far more risky than one that...
Read MoreHow To Measure Your Portfolio in Uncertain Times
Too often during uncertain times, we inadvertently compare ourselves to the people around us – and that may lead us to make financial mistakes.In his book Predictably Irrational: The Hidden Forces That Shape Our Decisions, Dan...
Read MoreTaking Advantage of Higher Yields
The LPL Research Strategic and Tactical Asset Allocation Committee is increasing its recommended interest rate exposure in its tactical allocation from underweight to neutral. Now that interest rates have moved substantially higher, we...
Read MoreHow Much Higher Can Rates Go?
Inflationary dynamics continue to surprise to the upside, and markets now expect the Fed to pursue one of its most aggressive rate hiking campaign in years. U.S. Treasury yields continue to move higher as well. We think we’ve...
Read MoreNew Cancellation for Federal Student Loans and Delayed Repayment to 2023
On August 24, 2022, just a few days before federal student loan repayment was set to resume, President Biden announced a plan for additional student loan debt relief.Federal student loan repayment was originally halted in March 2020 at...
Read MoreDon’t Believe That This Bear is Different – It’s Not
Bull markets happen. Bear markets happen. Just stick to your financial plan, and stay calm and disciplined. When the market sours or slumps, don’t believe talk that this bear it is different. It is not.History shows this is true....
Read MoreGetting Jobs Market Back Into Balance
Federal Reserve Chairman Jay Powell reiterated his warning that getting inflation under control will require some pain. Powell is likely making these warnings based on the arcane, clunky relationship between inflation and unemployment....
Read MoreCalendar Cruelty
The difficult 2022 for stocks may not get much easier because as we now wait for better news on the inflation front, we have to contend with a seasonally weak month of September. While we got some welcome news in Friday’s jobs...
Read MoreInflation Report Still Shows Lots of Worry
Energy and food costs are very high year-over-year with food costs spikingIn mid-August, we received news that the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July, after rising 1.3% in June. To many...
Read MoreWhy 9.1% Inflation Is Likely to Go Even Higher
On July 13th, the U.S. Bureau of Labor Statistics (BLS) reported that the Consumer Price Index for All Urban Consumers (inflation) increased 1.3% in June after rising 1.0% in May. Over the last 12 months, the all items index increased...
Read MoreInflation Reduction Act: What You Should Know
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional...
Read MoreEarnings Recap: Still Hanging in There
Earnings growth of 6-7% doesn’t sound very exciting, but given the challenges corporate America has faced, we consider the nearly-complete second quarter earnings season a resounding success. The numerous challenges last quarter...
Read MoreWhere Will Housing Go From Here?
Existing home sales fell 5.9% in July, the sixth consecutive month of declines as higher interest rates weigh on housing affordability and prospective buyers. As the housing market slowed, so did prices. The median price for a single...
Read MoreStart of a New Bull Market?
Investors cheered the two better-than-expected inflation reports last week, pushing the S&P 500 to 16% above its June 16 low and only 11% below its all-time high. After this rebound, the key question investors are asking is whether...
Read MoreHighest Inflation Since 1981, Small Businesses Feeling Glum, Real Wages Dropping and More
On July 13th, the U.S. Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) for All Urban...
Read MoreHow to Minimize Taxes During Market Downturns
Understanding long-term capital gains taxes when you sell investmentsMarket downturns could be a good time to adjust your fund portfolio to minimize the tax bite. Here’s how to calculate the best ways to do that – now and...
Read MoreWhat To Do When Faced with Bear Market Rallies
The real value of a bear market may be that it gives investors, who are temporarily frozen within its grip, the opportunity to learn or relearn important lessons regarding risk and diversification. For savvy investors, a bear market...
Read MoreIs the U.S. Economy in a Recession?
In an early July poll, 58% of Americans said they thought the U.S. economy was in a recession, up from 53% in June and 48% in May.1 Yet many economic indicators, notably employment, remain strong. The current situation is unusual, and...
Read MoreCase for Recession Weakens
The market pundits remain intensely focused on the question of whether the U.S. economy is in or about to enter recession, so we thought a piece on what a recession might mean for the stock market would be of interest. While...
Read MoreWhat a Week
That was quite a week. These days a Federal Reserve (Fed) policy meeting alone gets a lot of headlines and has market participants on the edge of their seats. Add to that the second straight quarter of negative gross domestic product...
Read MoreThree Factors That Could Change the Course of Inflation
For the past year, supply-related problems contributed more to inflation than demand-related imbalances, but that may be changing soon. There are at least three factors that could change the course of inflation. First, the improvement...
Read MoreManaging Volatility
Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a...
Read MoreConstructive, Not Complacent: Lowering S&P 500 Target
Stocks have been unable to make up much ground since the June 16 lows, with a bear market rally amounting to only around a 4.3% gain in the S&P 500 Index since then (as of July 1). After the more than 6% rally the week of June 24 and...
Read MoreWe Can Expect Eleven Rate Hikes Through 2024
At their recent March meeting, the Federal Reserve moved its fed funds target rate from near zero to a range of 0.25% to 0.50%. It was the first rate hike since 2018.But the Fed also released the so-called “dot plot,” which...
Read MoreDespite Concerns, Retirement Confidence Remains Steady
Nearly three quarters of workers and 77% of retirees in a recent survey said they remain at least somewhat confident that they will experience a comfortable retirement, according to the Employee Benefit Research Institute. Nevertheless...
Read MoreSIMPLE IRA Plans
Looking for a retirement plan for your employees that's easy and inexpensive to administer? Well, there may be a simple answer, the Savings Incentive Match Plan for Employees of Small Employers, better known as the SIMPLE IRA plan.
Read MoreRising Rates Join Long List of Housing Dilemmas
Homebuyers braving the hot U.S. housing market have run headlong into a striking transition. The average interest rate for a 30-year fixed mortgage jumped from around 3.2% at the beginning of 2022 to 5.3% in mid-May, the highest level...
Read MoreInflation: the supermarket business model is too fragile to shield customers from rising food prices
Food prices, like almost everything else, are rising fast. There have recently been warnings of “apocalyptic” costs, and a declaration that the “era of cheap food” is over. Such announcements have been linked to...
Read MoreRelief at the Pump and for Portfolios?
2022 has been rough all-around for the American consumer. Not only are we battling decades-high inflation, but investors’ portfolios are off to one of the worst starts to a year in history as we near the halfway point. Our...
Read MoreBear Market Q&A
The bear market that started on June 13 has left the S&P 500 Index 23.5% below its January 3 high. After the initial positive reaction to the Federal Reserve’s first 0.75% rate hike since 1994 and tough talk on inflation,...
Read MoreIs the 60/40 Portfolio Dead?
This year has been tough for investors, not just because stocks have fallen but also because bonds have not helped mitigate those losses as they have historically done. Below we discuss the outlook for diversified portfolios of stocks...
Read More3 Moments in Life Where You Should Consider Consulting a Financial Professional
If you've ever wondered why so many lottery winners (an estimated 70 percent) seem to blow through all their winnings so quickly, the answer often lies in two key traits: overconfidence and trusting the wrong people.1 The same...
Read MoreDeath, Taxes and Market Volatility
"In this world, nothing can be said to be certain, except death and taxes."When Benjamin Franklin penned this quote, he may have forgotten to add one item to this list -- market volatility. When we invest, we should always be ready for...
Read MoreEconomy Slowing but Not Shrinking
Many pundits are issuing recession warnings and saying the economy is heading for a hard landing. Amid the cacophony of voices, we think the economy is slowing just like central bankers want but not shrinking. Further, we argue that a...
Read MoreInflation-Fighting TIPS
It's easy to see how inflation affects your daily life. Gas prices are higher. Electric bills are steeper. Wallets are thinner. But what inflation does to your investments isn't always as obvious. Let's say your money is earning 4% and...
Read MoreIs the Early 2022 Market Déjà vu All Over Again?
A few pointers to help avoid a double-drubbing this time Stoicism amid market turmoil comes hard when a tsunami of dire investment headlines and plunging prices hits you, as we’ve seen for the first 2+ months of 2022. Your...
Read MoreNavigating Market Volatility–or Not
Market volatility could spook even the most seasoned investor. If a precipitous week or two in the market has you ready to sell, you may want to reconsider your risk tolerance and asset allocation. Attempting to time the market by...
Read MoreWhat Should You Do as Markets Flirt with Bears?
Market declines should inform – not drive - your asset allocation decisionsThe standard definition of a bear market is when major U.S. stock indices, such as the S&P 500, drop by 20% or more from their peak. And 5+ months...
Read MoreLooking through the Clouds
At the risk of sounding cliché, making the case for stocks to stage a second half rally back to the prior highs requires investors to see through some heavy cloud cover. If you prefer another market cliché, it’s times...
Read MoreDawn of a New Era for Bonds
Core bond investors have experienced the worst start to the year ever. However tough this year has been so far though (and it has been tough), the potential for future returns has improved meaningfully, in our view. Starting yields...
Read MoreCorporate America Delivers, Market Attention Focused Elsewhere
First quarter earnings season was solid by just about any measure, but based on recent market behavior it’s obvious that in general market participants paid little attention. This is a macro-driven market, so it will likely take...
Read MoreRetirement Plans for Small Businesses
If you are self-employed or own a small business and you haven't established a retirement savings plan, what are you waiting for? A retirement plan can help you and your employees save for the future. Tax advantages A retirement plan...
Read MoreA Tax-Deductible Buy-Sell Arrangement
One of the critical needs of a small business is to protect against the untimely death of an owner. This is important because the family of the owner may face a large tax bill, and may not have the liquidity to pay the tax. To make...
Read MoreHave We Really Seen Extreme Pessimism Yet?
It’s been a very tough start to the year with both stocks and bonds down sharply. Adding to the “wall of worry” for investors are the highest levels of U.S. inflation in decades, an aggressive Federal Reserve (Fed),...
Read MoreWhy You Shouldn’t Sell In May This Year
“Sell in May and go away” is probably the most widely cited stock market cliché in history. Every year a barrage of Wall Street commentaries, media stories, and investor questions flood in about the popular stock...
Read MoreWhat to Watch This Earnings Season
First quarter earnings season is rolling. BlackRock, Delta Airlines, Goldman Sachs, JPMorgan Chase, and Morgan Stanley were among the first 16 S&P 500 companies to report March quarter results, following 20 index constituents with...
Read MoreHeadwinds to Global Growth
LPL Research reduced U.S. and global GDP forecasts due to Russian commodity disruptions, elevated inflation dynamics, and higher borrowing costs. Still, we expect the U.S. economy to grow 2.7-3.2% in 2022, supported by business...
Read MoreOur Stock Market Final Four
As the Final Four NCAA Basketball Tournament rolls on in New Orleans, we continue our tradition of picking a stock market final four. We have identified our four key factors for the stock market outlook: 1) Consumer spending, 2)...
Read More3 Reasons to Wait Until 70 to Claim Social Security Benefits
In a rush to file for Social Security benefits at age 62? Many people are - but slow down and do the math first. When it comes to claiming Social Security retirement benefits, you may want to consider waiting to start benefits when...
Read MoreMyths and Facts About Social Security
Myth: Social Security will provide most of the income you need in retirement Fact: It's likely that Social Security will provide a smaller portion of retirement income than you expect. There's no doubt about it — Social Security...
Read MoreDetermining Eligibility for Social Security Benefits
What is it? Before you receive any Social Security benefits, the Social Security Administration (SSA) will need to determine your eligibility. Remember that Social Security is an insurance system designed to pay you benefits during...
Read MoreDivorce and Social Security
How does divorce affect Social Security retirement benefits? After a divorce, you can claim retirement benefits based on your own earnings record (if you have been employed and have accumulated enough credits over the years), or you...
Read MoreSocial Security - What Should You Do at Age 62
Is 62 your lucky number? If you're eligible, that's the earliest age you can start receiving Social Security retirement benefits. Although collecting early retirement benefits makes sense for some people, there's a major drawback...
Read MoreTempering Our Enthusiasm
As the stock market recovered from the 2020 pandemic lows, valuations reached levels not seen since the dotcom bubble more than 20 years ago. The reopening economy and massive fiscal stimulus helped fuel one of the strongest starts to...
Read MoreIn Defense of Core Bonds
Core bond investors have experienced one of the worst starts to the year ever, potentially calling into question the validity of bonds in a portfolio. Despite the poor start, we don’t think the value proposition for bonds has...
Read MoreReady, Set, Hike
The Federal Reserve (Fed) meets this week and in all likelihood will raise short-term interest rates for the first time since emergency levels of monetary accommodation were provided to markets after the COVID-19 shutdowns....
Read MoreChoosing the Right 401(k) for Your Employees & Your Business
Implementing a 401(k) plan for your employees is good business. It means you're thinking strategically, that you care for your employees, and are focused on the long-term health of your company. Implementing a retirement plan: Can help...
Read MoreThe Backdoor Roth IRA in a Nutshell
If you are wondering what in the world a “backdoor Roth IRA” is, you're not alone! In short, if you've been frustrated by the contribution limits associated with Roth IRAs, then read on - this article describes a...
Read MoreThe Basics of the 401(k): Thoughts from a Financial Professional
Most often, the first question a prospective employee will ask is about your company’s benefit program. And in my experience, the two most often-asked questions are about health insurance and an employer-sponsored retirement...
Read MoreDownshift in U.S. Growth but Still Above Trend
The U.S. economy grew 5.7% in 2021, exhibiting strength after an unprecedented global pandemic, but as the economy marched into 2022, the COVID-19 Omicron variant squelched some of the rebound in economic...
Read MoreWhat You Should Know About Contributing to an IRA at Every Age
A traditional IRA offers a great way to shield income from taxation while boosting your retirement accounts. Meanwhile, a Roth IRA can let you pay tomorrow's taxes today. But how can workers who are eligible to contribute to either...
Read MoreIRA Mistakes to Avoid
If you already contribute to a 401(k) or another retirement account through work, you may not have spent much time thinking about opening an individual retirement account (IRA). However, an IRA might provide you with a way to boost...
Read MoreU.S. Markets Overcome Ukraine Challenges
U.S. and International Equities Most Markets Lower Firstly, our thoughts go out to those impacted by Russia’s invasion of Ukraine and we hope the conflict end’s quickly. This week, U.S. major equity markets finished higher...
Read More401(k) Rollover Options to Consider
When people are leaving their employer, one of the decisions they need to make is what to do with their 401(k). A retirement plan participant typically has four options (and may engage in a combination of these options), each choice...
Read MoreThe Fed and Ukraine Influence This Week’s Markets
U.S. and International Equities U.S. Markets Lower The U.S. major equity markets finished lower for the second straight week. With roughly 85% of S&P 500 companies having reported, fourth quarter earnings growth for the index is...
Read MoreEmpower Your Loved One: Encourage Independence
Regardless of age, we all value our independence. We like to come and go as we please, running errands, going grocery shopping, and driving to appointments. But what happens when an aging parent, spouse, or relative is no longer...
Read MoreMarkets End the Week Lower Amid Inflation Concerns
U.S. Markets Higher The major equity markets finished the week lower, failing to extend the rebound which started two Fridays prior, after the averages closed lower for the first three weeks of the New Year. Following the early...
Read MoreHome-Health Care Factors to Consider
Tips for finding the best fit in caregivers to ensure quality care and comfort Are you thinking about home health care as a solution to providing help with daily activities such as bathing, meal preparation, and housekeeping? Many...
Read MoreRetirement Contribution Limit Changes for 2022
With inflation on the rise, the IRS increased the 2022 contribution limits for some retirement accounts. Although a 2021 Congressional report found that only about 8.5% of defined benefit plan participants and 4.7% of individual...
Read MoreWhich Region Will Get Gold in 2022?
It’s been a rough start to the year for U.S. stocks with some stiff headwinds. The path of the S&P 500 in January looked like something Mikaela Shiffrin might ski on given the steepness of the decline...
Read MoreWhat You Should Do When Facing a Bear Market
The first challenge when facing a bear market is recognizing it Every investor knows that his or her portfolio is at least partially at the mercy of the market itself, with overall market conditions playing a huge role in general gains...
Read MoreInflation, CDs, Under a Mattress or Stock Market?
Tempted to stash your money in a bank certificate of deposit (CD)? Or maybe under your mattress? Think either one of them will keep pace with inflation? Think again. Inflation Inflation is defined as an increase in the general...
Read MoreFiscal Snapshots: Taking Fiscal Inventory
Most of us find the notion of creating (and sticking to) a budget about as appealing as spring cleaning chores. And, with the stress that usually accompanies tax filing hopefully behind you, you may not be inclined just now to tackle a...
Read MoreWhat to Do if You Underpay Your Taxes
Tips to avoid a surprise tax-time bill and possible penalties Every year, there are taxpayers that underpay their taxes. It just happens. But if you do that, no matter how innocent your underpayment might have been, you can be subject...
Read MoreDown Week Puts U.S. Stocks Near Correction Territory
U.S. and International Equities U.S. Markets Lower The major equity markets finished the week lower as inflation, higher interest rates, and tighter Federal Reserve policy continue to be front and center on investors’ minds....
Read MoreHow to Recognize and Protect Yourself Against Tax Identity Theft
When you hear the term identity theft, the first thought that comes to mind may involve a data breach or opening a credit card in someone else's name. But another common type of identity theft involves the use of someone's Social...
Read MoreHow to Recognize and Protect Yourself Against Tax Identity Theft
When you hear the term identity theft, the first thought that comes to mind may involve a data breach or opening a credit card in someone else's name. But another common type of identity theft involves the use of someone's Social...
Read MoreEMERGING MARKETS EMERGE THIS WEEK
U.S. Markets Lower The major equity markets finished the week lower as concerns about inflation and higher interest rates continue to weigh on investors’ minds. A weaker than expected December retail sales report along with...
Read More5 Signs You May Need Money Counseling, Not Marriage Counseling
Many couples blame their marriage problems on disagreements and an inability to see eye to eye. Marriage counseling is a great option for couples who need to learn how to better communicate, but it might not solve the problem that...
Read MoreCheck These Items Off Your List Before You Close On Your Home
Though it can be a stressful time in the home buying process, there’s no need to sweat closing on your home. Avoid any surprises on closing day by keeping these important tips in mind! Budgeting Cover all your bases by accounting...
Read MorePost-Holiday Organization
Between the delectable menu and the endless laughter, hosting a holiday get-together is always a good idea—until the guests leave. Once they go home, it’s just you and the mess left behind. Here are a few tips to help you...
Read MoreNavigating the Modern Workplace
Work is not typically a place people associate with relaxation, fun, and flexibility. Yet, the modern workplace is evolving into just that. From bean bag rooms to telecommuting, offices are focusing less on maintaining the status quo...
Read MoreInflation Soars, Markets Shrug
Inflation soared 7% in 2021 according to Consumer Price Index (CPI) data released this morning by the Bureau of Labor Statistics, as seen in the LPL Chart of the Day, its highest level since 1982. There was little consolation in...
Read MoreMarkets Begin Year On A Weak Note
U.S. and International Equities Major Markets Lower The major equity markets finished the week lower, as concerns about inflation and interest rates intensified after the Federal Reserve’s (Fed) minutes were released this week....
Read MoreFocusing on Your Finances
While most people find the notion of creating a budget about as appealing as cleaning out closets, most would agree that the result—a well-crafted and useful budget—is worth the work Two financial...
Read MoreMarkets End The Year On A Strong Note
U.S. and International Equities Major Markets in the Green The major equity markets finished the week higher, as the Santa Claus rally continued to take hold even amid concerns about the Omicron variant’s effects on the economy....
Read MoreTax Prep Checklist: Everything You Need to Be Ready for Tax Season
Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key...
Read MoreUnderstand the Stages of Change to Make Your Resolutions Stick
If you have trouble keeping your New Year’s resolutions, you may benefit from taking a more scientific approach. In the late 1970s, researchers studying the experiences of smokers to learn why some were able to quit on their own...
Read MoreMarkets March Higher Despite Omicron
U.S. and International Equities Major Markets higher The major equity markets finished the week higher, as the Santa Claus rally took hold even amid concerns about the Omicron variant’s effects on the economy. The growth style...
Read MoreOutlook 2022: Passing the Baton
LPL Research Outlook 2022: Passing the Baton is designed to help you navigate the risks and opportunities over the rest of 2021 and beyond. While the economy continues to move forward, we’re still feeling some...
Read MoreA Resolution Planner You Can Stick To
We all have things we’d like to see happen in the New Year. Whether it’s an improvement to your health and well-being, a new career you’d like to pursue, or a bad habit you need to break, resolutions are sometimes...
Read MoreHow to Acclimate Your Work Routine to Winter Weather
The snow has begun to fall and it officially feels like winter. Your usual work routine may need some minor adjustments to ensure that you are productive and ready to tackle each day. Dress in layers The outdoors may be freezing, and...
Read MoreThings to Consider When Writing a Business Plan
You may know that your small business needs a written business plan—but how do you get started? What elements should your plan address, and do you need different plans for different audiences? Below we discuss a few of the key...
Read MoreEnd of Year Financial Planning
For some, it’s easy to put personal finances on the back burner during the last few months of the year. However, before the year comes to an end, it’s essential to review your finances. By doing so now, you can make the...
Read MoreChristmas Shopping Lessons for Investors
As Christmas sales loom, we face an endless array of sparkly, shiny and occasionally innovative items. As an investor, you run into a similar phenomenon that requires you to ask, “Are investment offerings truly innovative, or...
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