Market Update: Is the Value Proposition for Bonds Improving?
Oct 7, 2022
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 both down significantly. Elevated food and gas prices continue to stretch budgets, and higher interest rates have increased borrowing costs. But we continue to see signs that the worst may be behind us. Gas prices are falling. Inflation pressures stemming from supply chain disruptions are easing. And the Federal Reserve (Fed) has taken these price increases seriously and is doing its job by raising short-term interest rates. While the Fed may still gradually increase rates throughout this year, it has already done a lot even as asset prices have come under increasing pressure. (more…)
Tags: Current Events
Should We Reconsider What “Retirement” Means?
Oct 5, 2022
An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he becomes a buyer for a church network at 69. A corporate IT professional concludes her career at age 58; she serves as a city council member in her sixties, then opens an art studio at 70. (more…)
Tags: Certified Financial Planner Charlotte NC, charlotte NC, Personal Finance, retirement, Retirement Planning
Managing Probate When Setting Up Your Estate
Oct 3, 2022
The probate process can be expensive for some estates. Settling an estate through probate can cost you both time and money. It could take up to a year for the estate to be settled, plus attorney’s fees, appraiser’s fees, and court costs may eat up as much as 5% of a decedent’s assets. Probating an estate valued at $400,000 could cost as much as $20,000.1 (more…)
Tags: Certified Financial Planner Charlotte NC, charlotte NC, Current Events, Estate Planning
Market Update: Better Times Ahead
Sep 30, 2022
In the last several weeks, we have continued to face elevated uncertainty in financial markets due to high inflation and rising interest rates, and we thought it was an important time to take stock with the final quarter of 2022 just ahead. (more…)
Market Update – OPEC+ Looks To Defend Higher Oil Prices
Sep 28, 2022
Oil prices are rising today as hurricanes in North America introduce concerns over possible disruptions of supply, coupled with an easing of the U.S. dollar. But despite this respite, unease among Organization of the Petroleum Exporting Countries Plus (OPEC+) member countries continues over slower global demand and recession fears given weaker economic forecasts.,. (more…)
Market Update: Fed Gets Pessimistic, Yet Realistic
Sep 23, 2022
The Federal Open Market Committee (FOMC) increased the target rate by 75 basis points (bp) to a 3.25% upper bound and delivered a more pessimistic outlook in their published Summary of Economic Projections. (more…)
Tax-Loss Harvesting
Sep 16, 2022
At one point or another, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do – you could recognize investments with a loss and practice “tax-loss harvesting.” (more…)
Tags: financial advisor charlotte nc, Financial Help, Investment Planning, Personal Finance, Tax Advantages, Tax Deductions, Tax Planning
Market Update: The Best and Worst of Times
Sep 12, 2022
When it comes to stock market performance, August was “the best of times, and the worst of times.” The strong market rally that peaked in mid-August was viewed by many analysts as a transition from a bear to bull market, based on the surge in breadth that stocks enjoyed and the magnitude of the two-month rally that began in mid-June totaling 17%. (more…)
Tags: charlotte NC, Current Events, financial advisor, financial advisor charlotte nc
Should You Prepare to Retire on 80% of Your Income
Sep 9, 2022
A classic retirement preparation rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering?
Some new research suggests that retirees may not need that much annual income to keep up their standard of living. (more…)
Tags: Certified Financial Planner Charlotte NC, financial advisor charlotte nc, Personal Finance, retirement, Retirement Planning, Retirement Tax Savings
What is Critical Illness Insurance
Sep 7, 2022
Ever hear of critical illness insurance? This isn’t standard-issue disability insurance, but a cousin of sorts. With people living longer, it is a risk management option entering more people’s lives. (more…)
Tags: Health Care Needs, Insurance, Long-Term Care Planning
More Insights
May 17, 2024
Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns, year after year. If you sometimes succumb to these financial tendencies, now is as good a time as any to alter your behavior.
May 15, 2024
You don’t want to pay more in federal income tax than you have to. With that in mind, here are five things to consider when it comes to keeping more of your income.
May 13, 2024
There’s a subjective uncertainty associated with financial wellness. Are you financially fit? And if so, how fit are you? While there is no clearly defined threshold for answering affirmatively, much less grading your level of fitness, there are baseline elements associated with financial fitness. To make sure that you’re on the right track, develop a … Continue reading “Basics of Financial Fitness”
May 10, 2024
After a strong first quarter for stocks, some April showers rained down as the S&P 500 fell about 4% last month. Hopefully those showers will bring some flowers in May, despite the widely cited stock market adage, “Sell in May and go away.” There is some merit to this old adage because the S&P 500’s … Continue reading “Market Update – Navigating May’s Stock Market Outlook”
May 8, 2024
Families are one of the great joys in life, and part of the love you show to your family is making sure that their basic needs are met. While that’s only to be expected from birth through the high school years, many households are helping their adult children well into their twenties and beyond at … Continue reading “Retirement and Adult Children”
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