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Anatomy of a Market Rally: Looking at Key Catalysts
As the market appears to be taking a rest and consolidating its $2.7 trillion rally leading up to the Thanksgiving holiday, the historical pattern over the last five years suggests the shortened holiday week typically enjoys modest...
Read MoreCan Muni Investors Catch a Break? We Think So
It’s been another volatile year for municipal (muni) investors this year. While generally outperforming U.S. Treasuries, the Bloomberg Muni Index is on track for its second calendar year of negative returns—something that...
Read MoreOffering Thanks
The penultimate month of the year is often a time to reflect and offer thanks. And while economic and geopolitical uncertainty can overshadow the positives, there are things to be thankful for. Here is just some of what we’re...
Read MoreYear-end Tax Planning for High-Net-Worth Individuals
As the year’s end approaches, High-Net-Worth Individuals (HNWIs) must prepare for one of the most critical monetary tasks: year-end tax planning. Due to the nature of their holdings and dynamic financial situation, HNWIs often...
Read MoreUnderstanding IRMAA and Why it Really Matters
For those in Medicare, IRMAA can have a big impact on healthcare costs IRMAA, which stands for Income-Related Monthly Adjustment Amount, is a term that may not be familiar to everyone. However, for individuals enrolled in Medicare,...
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Business Continuity and Long-Term Care Considerations
As a business owner, you know the importance of planning for your company’s future. To this end, you may have taken steps to learn about buy–sell agreements and the role that life insurance and disability income insurance...
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...
Read MorePossible Halloween Scares for Markets and the Economy
It’s a tradition here to write about what scares us around Halloween each year. The past few years have offered plenty of material to use in these annual commentaries, but with wars in Israel and Ukraine ongoing, Washington, D.C...
Read MoreFed’s Core Inflation Focus vs. Retirees’ Real World
Do not dismiss energy or food prices when assessing the impact of inflation On September 13, 2023, it was announced that August saw inflation record its biggest monthly increase for all of 2023 as energy prices rose significantly....
Read MoreEarnings Hope to Keep This One-Year-Old Bull Market Going
Earnings season has kicked off with several of the big banks and a handful of other blue-chip companies having already reported results for their calendar third quarters. The key headline this reporting season will be the (likely) end...
Read MoreStaying the Course
The S&P 500 lost 3.3% in the third quarter after sliding nearly 5% in September. Putting this into perspective, nothing really qualifies as out of the ordinary. Since 1950, the S&P 500 has historically declined in September 55% of the...
Read MoreYields Higher for Longer: Why We’re Updating Our Treasury Forecast
U.S. Treasury yields have seemingly been moving in one direction lately (higher), with the 30-year Treasury yield temporarily breaching 5% for the first time since 2007. The move higher in yields (lower in price) has been unrelenting,...
Read MoreProspects for a Fourth Quarter Rally
After a difficult September for stocks, investors are surely ready to flip the calendar to October. That’s the month that kicks off the historically strong fourth quarter. Expecting this pattern to repeat this year is tricky...
Read MoreUnderstanding Long-Term Care Insurance
It's a fact: People today are living longer. Although that's good news, the odds of requiring some sort of long-term care increase as you get older. And as the costs of home care, nursing homes, and assisted living escalate, you...
Read MoreHigh Net-Worth Individuals: Are You Missing Opportunities in Your Financial Planning?
High Net-Worth executives and those that have been self-employed, can experience common problems in their financial planning journey. Often, they have missed opportunities in their financial planning because they haven’t planned...
Read MoreMoody’s Downgrades U.S. Banks: What Does This Mean for Investors?
Moody’s Investors Service cut the credit ratings of 10 U.S. regional, midsized banks by one notch and put six large banks under review for possible downgrades including U.S. Bancorp, Truist Financial, and Bank of New York Mellon....
Read MoreIs India Surpassing China to Become the Next Superpower?
India has emerged as a compelling economic growth story and an increasingly attractive alternative to China within the emerging markets complex. A growing population with a robust and young workforce, significant infrastructure...
Read MoreAdvice to Advisors: Buy Japan, Hold U.S., Sell Europe
Recent data suggests economic conditions in Europe are deteriorating, removing a key element of LPL Research’s positive view of the attractively valued developed international equities asset class. Previous U.S. dollar weakness...
Read MoreThe Growing List—and Politicization—of BRICS and Friends
The BRIC acronym, without the “S,” was introduced in 2001 by the Goldman Sachs chief economist who highlighted the prodigious growth and investment prospects of Brazil, Russia, India, and China combined. In 2009, Russia...
Read MoreInterest Rates Are Back to Normal, But What Is Normal
Fixed income investors have had a rough time over the last few years. Normally a staid asset class, core bonds (as proxied by the Bloomberg Aggregate Bond Index) have seen negative returns over the last two calendar years and could...
Read MoreUnderstanding the Roth 401(k) vs. Traditional
It just might help you achieve greater financial security in retirement Unbeknownst to many investors, companies have the option of offering their employees a new different type of tax-advantaged retirement plan: the Roth 401(k). Not...
Read MoreU.S. Supreme Court Blocks Student Loan Cancellation, Payments to Resume
Three important developments occurred recently in the world of federal student loans: the U.S. Supreme Court blocked an executive order offering loan cancellation to certain borrowers; Congress set an expiration date for the payment...
Read MoreIrrevocable Life Insurance Trust (ILIT)
One of the main reasons we buy life insurance is so that when we die, our loved ones will have enough money to pay off our remaining debts and final expenses. We also purchase life insurance to provide for our loved ones' future living...
Read MoreLong-Term Care - Exploring Your Options
Have you ever thought about what would happen if you or a family member were no longer able to live independently? What if your elderly parents were no longer able to drive or perform basic activities of daily living, such as bathing...
Read MoreOpportunities and Risks in the Markets: Lessons Learned from the Grand Tetons
The Federal Reserve (Fed) often uses the Jackson Hole Symposium to announce tweaks in policy. Other central bank leaders are also worth watching as investors try to perceive where rates will be in the coming months. In this piece, we...
Read MorePullback Perspective: The Reasons Why Stocks Are Pulling Back
Volatility has returned right on cue as U.S. equity markets continue to pull back from overbought levels. The recent jump in interest rates has proven to be too much too fast for stocks to absorb, especially for the heavyweight and...
Read MoreHow This U.S. Debt Downgrade is Different from 2011
It’s different this time. The four (or five) most dangerous words in investing. We’ll take the risk and use those words here as we break down the recent decision by credit rating agency Fitch to downgrade U.S. government...
Read MoreKey Earnings Season Takeaways
Earnings season is mostly behind us with about 85% of S&P 500 companies having reported second quarter results. The high level results aren’t particularly impressive, but if we peel back the onion, the numbers are encouraging....
Read MoreNeed-to-Know Tax Planning for Stock Investing
What is investment tax planning for stocks? Investment tax planning for stocks takes advantage of the tax rules with the goal of achieving the best after-tax return on these investments. Strategies will differ depending on whether you...
Read MoreDemystifying Indexed Universal Life Insurance: 5 Key Considerations
Indexed universal life insurance can be a smart, tax-advantaged way to grow your hard-earned money without downside market risk. It can also help you achieve peace of mind by providing a tax-free death benefit for your loved ones....
Read MoreUnderstanding Bond Yields and the Yield Curve
When it comes to investing in bonds, one of the first factors to consider is yield. But what exactly is "yield?" The answer depends on how the term is being used. In the broadest sense, an investment's yield is the return you get on...
Read MoreA Mid-Year Review of Your Bond Allocations
It’s crucial not to overlook the fixed-income portion of your investments too Investing in financial markets requires a proactive approach, and one key aspect of maintaining a healthy investment portfolio is conducting periodic...
Read MoreA Cloudy Outlook Makes for Choppy Markets
The economy is doing better than expected, and the markets are responding accordingly. In this piece, we discuss some of the factors that cause us to think the Federal Reserve (Fed) hiked for the last time in this cycle as inflation...
Read More(Still) Waiting on the Fed to Be Done Raising Rates
The first half of the year probably didn’t go the way many fixed income investors had hoped, particularly after the historically awful year last year. It wasn’t a horrible start—more in line with recent...
Read MoreEarnings Need to Do Some Heavy Lifting to Keep Rally Going
Earnings season is upon us as some banks and a small handful of other blue chip companies have already reported results for their quarters ending June 30. The results on the surface probably won’t offer much to write home about...
Read MoreThe Great Wealth Transfer: Is Your Family Prepared?
Over the next twenty years, a wealth transfer will occur that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations. The Baby Boomers (born 1946-1964) are...
Read MoreHelping Elders Manage Their Assets
Today, many individuals are finding it necessary to help elderly parents or relatives manage their personal finances. One area of particular concern is property management. This issue may arise when seniors reach their late seventies...
Read MoreCapital Markets: The Essence of American Capitalism
The long dormant capital markets have recently begun showing signs of interest from institutional investors and deal makers anxious to bring companies to market. While activity remains muted at best, expectations are focused on 2024,...
Read MoreProtecting Your Possessions: Why You Need Insurance
Even if you can afford to self-insure against major losses, why should you have to? Why Coverage is CriticalHomeowners' insurance isn't just to protect against damage to the home itself but also to your possessions. As anyone who...
Read MoreHow Federal Tax Rates Can Affect Your Retirement Income
Click on the link to read more!How Federal Tax Rates Can Affect Your Retirement Income
Read More4 Estate Planning Tips for the Sandwich Generation
For members of the "Sandwich Generation"—those currently in their 40s and 50s who are caring for children and their parents who are over 65-years old—estate planning may seem like a low priority. After all, when you're...
Read MoreThe New Standard and Poor's 500 Bull Needs a Breather
We know it’s old news at this point, but on June 8, 2023, the S&P 500 entered a new bull market. After such a strong rally off the October lows, this young bull probably needs a breather. A look at the charts suggests this market...
Read MoreMarket Responses to Fed (In)Action
As the economy is likely downshifting, investors should take heed that the Federal Reserve’s (Fed) current stance is eerily similar to early 2007. During that time, the Fed held a tightening bias since they believed the...
Read MoreFOMC Preview: Fed Skip, Pause, or Hike?
The Federal Reserve (Fed) meets this week where it is largely expected to not raise short term interest rates for the first time in 15 months. However, Fed messaging has been all over the place in recent weeks. While some Fed...
Read MoreTaxes are currently on sale. But probably not for long...
If you’re like most people, you love a great sale. Whether you’re pulled in by the big red sale sign in a storefront window, or you see the red strike cutting through the regular price listed on your favorite website, you...
Read MoreClosing Out Our Equities Overweight
Stocks have had a nice run, but at higher prices, the bar for further gains gets higher. We have recently made the case in this publication that there are a lot of reasons to expect the market to go higher between now and year end. But...
Read MoreUnderstanding Your Homeowners Policy
Reading a homeowners insurance policy for the first time can be intimidating. With all the jargon, exclusions, and conditions you'll encounter, you may start thinking that Mom was right--you should have gone to law school after all....
Read MoreTax-Deferred Annuities: Are They Right for You?
Tax-deferred annuities can be a valuable tool, particularly for retirement savings. However, they are not appropriate for everyone.Five questions to considerThink about each of the following questions. If you can answer yes to all of...
Read MoreProtect Your Assets With a Trust
Contrary to what many people think, trusts are not reserved only for the wealthy. The truth is, people from all walks of life may benefit from a trust.What Is a Trust?Generally speaking, a trust is a legal entity that allows someone to...
Read MoreUmbrella Liability Insurance
When your local weather forecaster tells you that it's going to rain, what do you do? That's easy--you reach for your umbrella. So why not purchase an umbrella that can protect you in stormy financial weather? Umbrella liability...
Read MoreHow Much of a Problem is Concentrated Leadership for Stocks?
The mega-cap technology companies have powered the broad market higher this year. In fact, the 8.1% gain in the S&P 500 year to date has been driven entirely by six mega-cap stocks: Apple (AAPL), Microsoft (MSFT), NVIDIA (NVDA), Meta...
Read MoreWill History Rhyme? A Fed Pause Has Been Good for Fixed Income
Economists like to remind us there is no such thing as a free lunch. In investment parlance, that just means all investments carry risk—even cash. And the big risk with cash is reinvestment risk. That is, while short-term rates...
Read More3 Reasons to Review Your Beneficiaries Now
Most types of financial accounts allow you to designate a beneficiary, from checking and savings accounts to life insurance policies, 401(k)s, IRAs, pensions, and trusts. But when was the last time you looked at your beneficiary...
Read MoreEarnings Update: Better than Feared Undersells These Results
First quarter earnings season is nearly complete, and it has caused us to regret titling our earnings preview commentary on April 10, “Malaise Continues.” While the “better than feared” label fit the past couple...
Read MoreInvestor Sentiment Tested
Spring is often thought of as an uplifting time, marked by growth and renewed hope as we emerge from the long months of winter and look ahead to the rest of year. Investors saw signs of such renewed hope in recent weeks, especially on...
Read MoreKing Dollar Still Rules: Why It Continues to Reign
Much has been written lately about the threats facing the reserve currency status enjoyed by the U.S. dollar. “De-dollarization” headlines appear on a near-daily basis, suggesting the dollar’s reign is in looming...
Read MoreSell in May: Does This Stock Market Adage Come into Play
“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 and stories in the financial press floods in about this popular, but overused...
Read MoreSmall-business Owners and the Value of Insurance in Your Financial Plan
Small-business Owners and the Value of Insurance in Your Financial PlanA solid financial plan for small businesses is vital, and part of that financial plan should be insurance. Insurance is essential to preserve small businesses,...
Read More3 Tips for Preserving Wealth in Your Golden Years
3 Tips for Preserving Wealth in Your Golden Years After spending so much of your life saving for retirement, it may be challenging to transition from depositing funds to withdrawing them. You may wonder whether there is any...
Read MoreStrategies Using Life Insurance
Strategies Using Life InsuranceWhat is it?Life insurance is not only about protecting your survivors in the event of your death. Depending upon the type of policy you purchase, it can also enable you to meet specific life goals:...
Read MoreDraining the Lifeblood of the Economy: The Small Business Sector
Investors use various analogies to describe the importance of small businesses in the domestic economy. Some refer to the small business sector as the backbone or the lifeblood of the economy. At this current stage of the cycle,...
Read MoreA Closer Look at Commercial Real Estate Market
The commercial real estate (CRE) market has recently captured the spotlight after being flagged as the next potential shoe to drop following last month’s banking turmoil. While rising rates have weighed on financing costs and the...
Read MoreA Resilient March
The financial markets’ resilient performance during March was notable, especially given the banking system uncertainty. The ability of the markets to navigate nearly two weeks of headline-related risk tested the underlying...
Read MoreEarnings Preview – Malaise Continues
First quarter earnings season kicks off this week with some big banks reporting toward the end of the week. In some ways this quarter’s earnings season will probably be déjà vu all over again—earnings declines and...
Read MoreWho Is Right, Federal Reserve or Financial Markets?
Financial markets and the Federal Reserve are reading from two different playbooks. Who is right? The markets are pricing in several rate cuts by the end of this year, while the Federal Reserve communicated more rate hikes with an...
Read MoreThe Debt Ceiling and Deficit Spending
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 2021.1On the day the limit was...
Read MoreEverything You Need to Know About the Social Security Trust Fund
Everything You Need to Know About the Social Security Trust FundThe Old Age and Survivors Insurance (OASI) benefits, known as Social Security, pay retirement and survivors benefits through The Social Security Trust Fund. The U.S....
Read MoreTax Benefits of Home Ownership
Tax Benefits of Home OwnershipIn tax lingo, your principal residence is the place where you legally reside. It's typically the place where you spend most of your time, but several other factors are also relevant in determining your...
Read MoreThe 36-Hour SVB Collapse and Hierarchy of Blame
A lot has changed in the past few weeks, both in terms of expectations for interest rates and lost confidence in the health of the banking system as a result of the sharp rise in interest rates that has led to some things...
Read MoreSVB Collapse
Financial markets were shaken last week as Silicon Valley Bank (SVB), the California bank subsidiary of SVB Financial Group (SIVB), fell into FDIC receivership. SVB is the first FDIC-insured institution to fail since 2020 and the...
Read MoreNo Landing. No Sense: Suggesting an Economy Makes “No Landing” Makes No Sense
Suggesting an economy makes “no landing” makes no sense. Analogies eventually break down, especially this one. Economic activity does not stop like an airplane eventually does, but rather the economy will settle...
Read MorePlanning for Earned Income in Retirement
What is it?If you're like a lot of people, retirement won't be the world of gardening, golfing, traveling, and tennis you once envisioned. Rather, retirement will mean relaxing and working. Maybe you've retired from your "regular" job...
Read MoreSpring Clean Your Finances
As temperatures warm up, trees begin budding, and the days get longer, you probably throw open your windows and think about spring cleaning your home. As you tackle washing windows, cleaning carpets, and sorting out the garage,...
Read MoreHow to Spring Clean Your Finances with a Financial Review
Spring cleaning presents a great opportunity to clear out any items you no longer need—and the same goes for your finances. Checking in with your finances during tax season may be particularly beneficial, as it allows you to...
Read MoreCorrecting Errors on Your Credit Report
IntroductionCredit reports can have errors or misleading information. Under the Fair Credit Reporting Act (FCRA) and the Fair, the Accurate Credit Transactions Act of 2003 (FACTA), and various federal and state statutes, you have a...
Read MoreWhat’s Changed in the Markets in 2023 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: Can the Stock Market Do It?
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 MoreTop 10 Provisions in SECURE 2.0
Congress recently enacted landmark retirement legislation known as SECURE 2.0 that will incentivize individuals to save for retirement, while increasing access to workplace plans. The new law includes a number of provisions intended to...
Read MoreBrightening Outlook for International Equities: Have the Tides Turned
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 MoreOpportunities in 2023
Whether you’re one to set ambitious New Year’s resolutions or simply use the beginning of the year to reset on a few habits, there’s almost always some value in reflecting on the past year before looking ahead. The...
Read MoreLeveraging Loss Through Tax-Loss Harvesting
The downturn in your investments is not a complete loss. Some investors turn to a little-known strategy called “tax-loss harvesting.”
Read MoreWill January’s Market Hit the Trifecta? The Seasonal Indicators
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 MoreBusiness Assets: Lease Versus Buy
In the context of the lease versus buy decision, "business assets" refers to fixed assets (such as buildings, machinery, and office equipment) that can usually be depreciated over time.
Read MoreRaising Capital for Your Business
An important ingredient to a successful business is adequate financing (capital). The failure to acquire adequate financing often determines whether a business can get off the ground.
Read MoreTax Consequences of Business Formation
Although business tax planning is a complicated area, the first step is to understand the tax consequences when the business is formed.
Read MoreThe Facts of LIFE (Living Independently For Elders): Financial Planning and Senior Independence
Navigating elder care and elder care finances in the U.S. can be a challenge even for the most well-prepared households. So what, exactly, is involved in senior financial planning?
Read MoreA Feisty Bull-Bear Debate: Weighing the Pros and Cons
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 MoreReasons for Optimism
The beginning of a calendar year is often the time when the previous year’s reflections transition to a new year’s hopes. Given the market’s continued instability during 2022 and a resulting tough period for stock and...
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 MoreMarket, Stocks, and Bonds Lessons Learned from 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 More2023 Market Outlook: LPL Research Takes a Look at the Year Ahead
2022 was a dizzying year as markets and the global economy continued to find itself out of balance due to the still present aftereffects of the COVID-19 pandemic and the policy response to it. If 2022 was about recognizing imbalances...
Read MoreWays to Minimize Tax on an Investment Portfolio
Improving return by minimizing taxesAlthough we are all obligated to pay our fair share of taxes, few of us would be pleased to pay taxes unnecessarily. Because taxes lower the actual return on your investments, you should be...
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 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 MoreNew Year, New Goals: Your Countdown to Financial Health
For many people, a new year provides a new start—and nothing says "new start" like a fresh new set of financial goals. But setting these goals is easier said than done. What steps should you take to get the most bang for your...
Read MoreHistoric Year for Central Bank Activity and Rate Hikes
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 MoreUnderstanding How State-Funded Long-Term-Care May Impact You
As our population ages, discussions about long-term care (LTC) and who pays for it are essential. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number of activities of daily...
Read MoreOutlook 2023: Finding Balance
Through all the challenges, newfound opportunities, and every high and low we’ve experienced during the last couple of years, it’s no surprise why we might be striving for more balance. Whether it’s about the markets...
Read MoreResilient Consumers Have Not Saved Retail Stocks
Economic and corporate data support the initial strong reads on holiday retail sales despite the macro headwinds, reinforcing the idea that today’s consumer is in a better position than usual at this point in the business cycle....
Read MorePrepare for a New Year of Investing!
For many investors, this year has been a wild ride—with interest rate increases, a crypto implosion, and whipsawing values in the major market indices. It might be tough to catch one's breath and look ahead to next year. But the...
Read MoreStock Market Stocking Stuffers: How To Give Stock as a Gift
If you struggle to find a gift for the person who has everything—or want to do your holiday shopping without having to leave the house—consider giving stock as a gift. Doing so is easier than you think, and it may offer a...
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 MoreWhat’s the Charitable Deduction? An Economist Explains
The charitable deduction is a dollar-for-dollar reduction in taxable income that lowers what someone owes the Internal Revenue Service.
Read MorePlaybook for a Fed Pivot: Exploring Equity and Fixed Income Market Performance
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 MoreInflation and Rising Rates Supports Value
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 More#GivingTuesday: A Global Day for Giving Back
Consider whether a donor advised fund can help build a more generous world November brings us Thanksgiving – a day for simply giving thanks. The 11th month also brings us Black Friday and Cyber Monday – two days encouraging...
Read MoreLooking Ahead
October is now behind us and it has delivered on its track record as a historically favorable month for stocks, offering some respite for investors as major equity indices rose for the month. The downside pressure on equities had...
Read MoreYear-End Donations and #GivingTuesday
A list of things to consider as you think about year-end charitable donations With its family traditions and festive celebrations, the holiday season is the most wonderful time of the year. And according to GivingTuesday.org, the...
Read MoreA Year-End Wealth Planning Guide
As we approach the end of the year, you may want to review areas that may impact your wealth and estate planning next year. In this year-end planning guide, we examine four critical areas to consider that may affect your finances:...
Read MoreWhat the Mid-Terms Might Do to the Stock Market
The S&P 500 does best when one party controls Congress and the WH too The 2022 Midterm Elections will feature hundreds of hotly contested races at the state and local level and will decide whether the Democrats maintain...
Read MoreThree Things to Know About Recessions: The 3 D’s
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 Brings Third Quarter Expectations Down
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 Vulnerability Magnified by Monetary Policy
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 MoreCould the Worst be Behind Us?
First, we want to acknowledge the tremendous damage and displacement caused by Hurricane Ian. Our thoughts are with those impacted by this devastating storm.This has clearly been a challenging year for households. Stocks and bonds are...
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 MoreHow Secure Is Social Security?
According to the Social Security Administration (SSA), approximately 69 million Americans currently collect some sort of Social Security retirement, disability, or survivor benefit.
Read MoreA Quick Guide to Estate Planning for Those With High Net Worth
For many individuals who hope to leave a legacy for their loved ones, estate planning may take on new importance. Here are two estate planning tips every high-net-worth individual should consider.
Read MoreKey Estate Planning Documents You Need
There are five estate planning documents you may need, regardless of your age, health, or wealth.
Read MoreYour Long Term Care Action Plan: A Step-by-Step Guide
As many as 70% of people may need LTC in their lives, which also means that 30% won't. If you are among the minority, your plans may look different than those expecting to need LTC. How many loved ones have required LTC?
Read MoreWhy It May Be Time to Take Advantage of Higher Yields
Now that interest rates have moved substantially higher, we believe opportunities in fixed income have improved and are looking to add back to certain areas within fixed income that may benefit.
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.
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 MoreEstate, Gift, and Generation-Skipping Transfer (GST) Taxation and Life Insurance: Estate Planning
Life insurance can provide financial security for your family. However, if you don't plan appropriately, taxes can greatly reduce the life insurance benefits actually received by your family.
Read MoreScary September Seasonals
For investors September is often a month to remember but for the wrong reasons. In fact, as shown in the LPL Chart of the Day, September has historically been one of the weakest months of the year for stocks.
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.
Read MoreIs 2022 One Of The Most Volatile Years Ever For Stocks?
So far, 2022 has not been kind to investors with most major stock markets, including the S&P 500, incurring heavy losses and entering bear markets.
Read MoreThe Best and Worst of Times
When it comes to stock market performance, August was “the best of times, and the worst of times.”
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.
Read MoreTax Planning Tips: Life Insurance
If you have neither the time nor the inclination to decipher the IRS regulations, here are some life insurance tax tips and background information to help you make sense of it all.
Read More401(k): Safety in Allocation
Nobody can tell when Wall Street’s ups will peak and its lows bottom out, but you can protect yourself with patience and a cool head.
Read MoreHome Sales Fall (Again). What’s Next?
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.
Read MoreSocially Responsible Investing
Socially responsible investing regained attention during the 1970s, when such highly charged political issues as the Vietnam War and apartheid in South Africa led some investors to try to prevent their...
Read MoreBig Week for Market Watchers
Last week was epic for market watchers. A Federal Reserve (Fed) rate hike, a much-anticipated gross domestic product (GDP) report, and the busiest week of earnings season got most of the headlines. There was even a surprise out of...
Read MoreInvesting in Stocks
Businesses sell shares of stock to investors as a way to raise money to finance expansion, pay off debt, and provide operating capital. Each share of stock represents a proportional share of ownership in the company. As a stockholder,...
Read MoreThe Fine Print Cost a Widow a $464,000 Tax Deduction
Charitable donors, beware: A widow has lost a $464,000 tax deduction for a gift to a museum because her tax paperwork lacked a few key words.The recent Tax Court decision in Albrecht v. Commissioner is a fresh...
Read More‘The Anxious Investor’ Review: Trading With a Cool Head
The public is awash with books that treat finance as a science—from how-to manuals that offer a system for judging companies to dense treatises that identify statistical patterns or market inefficiencies....
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 MoreLooking Forward
As the calendar has turned to July, investors would certainly like to forget the first six months of 2022. However, the Fourth of July Independence Day holiday does bring with it reason for celebration. Not only is it the 246th...
Read More5 Lessons To Remember During Bear Markets
Bear markets are uncomfortable. Having a strategy and maintaining perspective are essential for long-term financial success. Here are five investing lessons past markets taught us. Periods of falling prices...
Read MoreThe Great Wealth Transfer: Is Your Family Prepared?
Over the next twenty years, a wealth transfer will occur that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations. The Baby Boomers (born 1946-1964) are...
Read MoreThe Three Signals That Show How Close the US Is to a Recession
These days it feels like everyone is just waiting for the economy to buckle under the weight of supersized interest rate hikes. The funny thing with recession is that we won’t officially know...
Read MoreHow to Assess the Needs of an Ageing Parent
Planning for the future needs of an aging parent can often be a sensitive and delicate task for adult children to undertake. Baby boomers who must balance the needs of their own children with concerns about their parent’s...
Read MoreSEC Is Investigating Goldman Sachs Over ESG Funds
The Securities and Exchange Commission is investigating Goldman Sachs GS 2.06%▲ Group Inc.’s asset-management arm over its funds that aim to invest based on...
Read MoreMay Market Insights: Some Sectors Turnaround Amid Continuing Volatility
The major market indexes finished the month mixed but did snap a seven consecutive week of losses during the last week of May. The market had suffered its longest such...
Read MoreTaking Charitable Giving to Another Level
Did you know that you can gift a new or existing life insurance policy to your favorite charity? When properly designed, a charitable life insurance program may improve your overall financial situation and offer tax benefits.
Read MoreBull Market Hangs by a Thread
The bull market that began in March of 2020 came dangerously close to an end. From March 23, 2020 through January 3, 2022, the S&P 500 Index gained 114% (excluding dividends). From that January 3 closing high through the recent low on...
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 MoreBroadening Your Annuity Horizons with Details
While fixed annuities are generally considered to be conservative instruments, variable annuities are investments with the growth potential necessary to outpace inflation, but generally carry a higher degree of risk.
Read MoreDawn of a New Era for Core 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.
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.
Read MoreESG Meets A Midlife Crisis
“Some believe,” Deloitte said in the report, “that we are entering the watershed moment where the growth of professionally managed assets with an environmental, social and governance (ESG) mandate will only accelerate until it encompasses
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.
Read MoreWill April Showers Bring May Flowers?
As we move into spring and leave behind the last signs of a long winter, many worries from a chilly start to the year for markets, unfortunately, are still with us.
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