The Markets (as of market close March 24, 2023) Investors were on edge for most of the week, with concerns about banking, rising interest rates, inflation, and volatile stock and bond markets. Treasury yields dipped to their lowest levels since September. Indicative of the bumpy week of trading, the Russell 2000 gained, then fell to […]
MARKET WATCH: MARCH 27, 2022 Read More »
All the banking turmoil—both real and perceived—sent waves through the bond market. Two-year U.S. treasury bonds experienced a 1.2% rate drop over five trading days. Depending on how you look at it, this was the largest decline in rates since 1987, or the biggest short-term gain for investors holding government bonds in their portfolios. Traders
Bond Banking Aftershock Read More »
You’ve done the hard part of your estate planning – signed all the documents, allocated the house and the funds, and had the tough conversations. So it’s over, right? Not quite. There’s some critical information left that your heirs will need once you pass which, lucky for you, we’ve gone ahead and listed out below.
Critical Information for the Heirs of Your Estate Read More »
MARCH MADNESS is upon us. For those who don’t follow college b-ball or live on earth, the term describes the adrenaline-fueled excitement of the NCAA Men’s Basketball tournament, which runs from March 14 to April 3 and the NCAA Women’s Basketball tournament that goes from March 15 to April 2. Arguably the single biggest show
Traveling for March Madness? Where to Eat, Shop and Go Nuts in 6 Key Cities Read More »
With the 68-team tournament field revealed, how will the four regions shake out? Take a look at our latest bracketology to get a jump on your pool. Of course, you’ll first need a bracket. You can print one out here! Bracket tips? At your service ANALYSIS CAPSULES FOR EVERY REGION: West | South | Midwest |
What is a Qualified Charitable Distribution (QCD)? A QCD allows individuals who have attained the age of 70.5 years old or older to make tax-deductible contributions to qualified charities directly from their IRA up to a total of $100,000 a year. QCDs can be used to satisfy your required minimum distributions (RMDs). How do I
Charitable Contributions from IRAs Read More »
The Markets (as of market close March 3, 2023) A late rally sent stocks higher by the end of last week. Each of the benchmark indexes listed here gained nearly 2.0%, with the Nasdaq climbing 2.6% to lead the way. The large caps of the Dow and S&P 500 also rallied at the end of
MARKET WEEK: MARCH 6, 2023 Read More »
On January 19, 2023, the outstanding debt of the U.S. government reached its statutory limit, commonly called the debt ceiling. The current limit was set by Congress at about $31.4 trillion in December 2021.1 On the day the limit was reached, Treasury Secretary Janet Yellen instituted well-established “extraordinary measures” to allow necessary borrowing for a
The Debt Ceiling and Deficit Spending Read More »
Amid the 1,650-page, $1.7 trillion omnibus spending legislation passed by Congress last week and expected to be signed by President Biden were several provisions affecting work-sponsored retirement plans and, to a lesser degree, IRAs. Dubbed the SECURE 2.0 Act of 2022 after the similarly sweeping Setting Every Community Up for Retirement Enhancement Act passed in
Retirement Investors Get Another Boost from Washington Read More »
Wall Street reacted negatively to hotter-than-expected inflation data at the end of last week. Each of the benchmark indexes listed here closed lower, with the Nasdaq falling more than 3.3%, while the remaining indexes suffered losses close to 3.0%. The S&P 500 endured its worst week in 2023, while Treasury yields climbed higher, as bond
MARKET WATCH: FEBRUARY 27, 2023 Read More »
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