Midterm elections are fast approaching – how will the markets respond? Historically, the vast majority of midterm elections have led to a 6 month bump in market performance. Why? One theory is that investors have a renewed confidence in the economy after the new Congressional spending plans. With the promise of more money being spent […]
Q3 2022 Economic Update
As interest rates have continued to rise and inflation surges on, the U.S. is in a potentially precarious situation. The U.S. economy shrank by 0.6 percent in the second quarter, which marked the second consecutive quarter that the economy shrank. And while the economy likely grew a bit in the third quarter of this year, […]
Why You Might Want to Hold Off on Big Purchases This Year
Whether you’re in the market for a new house, a car, appliances or furniture, it’s a tricky time to buy. Inflation is sitting at about 8.26 percent, which is still much higher than the 2 percent the Federal Reserve typically aims for. Inventory is still low across several industries. And there are some indicators that […]
2022 Account Limits and Changes
Before the year wraps up, there are some accounts you can still contribute to. Certain accounts can even reduce your tax burden, so it’s worth looking into before 2023 comes. Here is an overview of important account limits, and how long you have to make contributions: 2022 Account Limits: Health Savings Account During open enrollment, […]
Biden’s Student Loan Debt Relief Plan: What You Need to Know
The Biden administration’s student loan forgiveness plan will forgive up to $20,000 in debt for millions of federal loan borrowers. Does this plan apply to you or your family? Let’s take a closer look at the plan and what it entails: The Student Loan Debt Relief Plan: Who is eligible? The student loan relief plan […]
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