Retirement Blog 4/22/2024
Huge Week for the Market (Short-term) After 3 weeks of declines for the S&P 500, this week may be where the rubber meets the road. Quarterly profit reports heat up, and we’ll hear important economic data. On the earnings front this week, we’ll hear reports from Meta, Microsoft, Tesla, Alphabet, Verizon, UPS, PepsiCo, Freeport, American […]
Retirement Blog 4/15/2024
Will Earnings Reverse the Market? The last 2 weeks witnessed stock market indexes reversing to the downside. Last week, a higher-than-expected monthly CPI reading of .4% apparently surprised investors. Add in the rumblings of Iran attacking Israel on Friday, knocked the S&P 500 down (1.62%) for the week. The Dow dropped (2.50%), the Nasdaq (.60%) […]
Retirement Blog – 4/8/2024
Economy, Good or Not so? The United States created 303,000 jobs in March with the unemployment rate sitting @ 3.8%. Wages increased by 4.1%. Perhaps your individual perspective is the answer. This Saturday, Michelle and I took a ride to the “Container Store”, which sits in the huge Cherry Hill Mall parking lot. We arrived […]
Retirement Blog 4/1/2024
Stocks, Stocks and more Stocks! Stocks finished the 1st quarter of 2024 on a high note. Year-to-date, here is where our major indexes stand: All but 1 sector of the S&P 500 finished in the black. Here is where the sectors stand: The first quarter witnessed sectors, in addition to Communication Services and Technology, participating […]
Retirement Blog 3/18/2024
I’m looking forward to when the Federal Reserve is no longer the top financial topic of the week! Coming into 2024, investors banked on corporate profits increasing by double digits and the Fed cutting rates 5-6 times. After last week’s hotter than expected Consumer Price Index (CPI) reporting a monthly increase of .4% and the […]
Retirement Blog 3/11/2024
Social Security – Make the best choice! Obtaining the largest amount of guaranteed (fixed) income can contribute towards a comfortable retirement. Since 2008, we’ve counseled countless couples and individuals on how to select the best Social Security option unique to their situation. Practically all of our clients elected to either utilize a delayed strategy or […]
Retirement Blog – March 4, 2023
Is the Economy doing well? The unemployment rate sits at 3.7%, the US continues to create new jobs, the stock market continues to melt higher, inflation has moderated, and crowds of people seem to be spending money everywhere. It’s the cost of money that has many concerned, meaning interest rates. For years, businesses and consumers […]
Retirement Blog February 26, 2024
Interest Rates Continue to Defy! Why are bond yields rising if inflation continues to moderate and everyone expects the Fed to lower rates this year? Seems counter intuitive, however it’s basic supply and demand. The US Treasury department needs to issue a ton of new debt so our government can pay our bills. Tax and […]
Tax Reporting – Inflation – Markets
Qualified Charitable Distribution (QCD) Tax Reporting Your IRA distribution form (1099R) will reflect your total gross distribution and will NOT reflect amounts sent directly to charities under the terms of a Qualified Charitable Distribution (QCD). When filling our your 2023 1040, include on line 4a the total amount of distributions reported on Form 1099-R. Then […]
