Interest Rates and Tariffs and the Market

The positive action in the market in the first week of November turned negative in the trading days leading up to the Thanksgiving holiday.  Investors had two major concerns.  It seemed the Federal Reserve was being too aggressive in raising interest rates and another round of tariff increases with China in January could dampen economic growth. The good … [Read more...]

The Volatile Year So Far

As the closing bell rang on Wall Street at 4:00 p.m. last Friday, it marked the end of the third quarter 2018.  Let’s take a look back at the year so far. Throughout 2017 the S&P 500 Index did not experience so much as a 3% pullback and January 2018 was one of the best months ever.  At the end of January this year we wrote the following in our monthly … [Read more...]

The Bull Market in Stocks

Market volatility continued in July with an overall trend to the upside.  Small caps led the market upward and growth is outperforming value.  The losses in the closing days of June were recouped in July with some to spare.  With the action in August, the S&P 500 Index is approaching its January highs. The Federal Reserve Board met on July 31 and … [Read more...]

Question: Can I name a Beneficiary on a Non-IRA account?

Yes, there is a way to designate a beneficiary on a non-IRA account and it is called a Transfer on Death agreement or TOD.  Some financial institutions use the term Payable on Death or POD.  It means the same thing.  This provision is used less often than the beneficiary designation on an IRA because it is seldom presented to clients as an option by banks … [Read more...]

Economy Strengthens and Stock Market Moves Higher

In May the U.S. economy continued to strengthen and the stock market continued its volatility.  Reports at the end of the month of a stronger than anticipated jobs report coupled with an incremental increase in the hourly wage were well-received.  Rising wages keeps inflation in the 2% range which is the goal of the Federal Reserve.  Many analysts believe … [Read more...]

Trade Wars and Volatility

In the first days of March the President tweeted that he intends to impose steep tariffs on steel and aluminum to protect American interests.   That sent the market reeling and a twitter storm ensued.  Investors fled the market fearing a trade war only to come back to the market when the administration softened the rhetoric.  The uncertainty generated by … [Read more...]

Sign Up Now for Wise Women Leave a Legacy!

It’s a new year and we are looking forward to Wise Women Workshops 2018. Our first workshop will be held on Thursday, January 25th and Tuesday, January 30th.  Please choose the day that works best for you. A new year brings with it an opportunity for a fresh start. According to an article in Wall Street 24/7[1] making better financial decisions is the 3rd … [Read more...]

Before Tax Reform

It looks like we will have some version of a tax reform package before the end of this month to be effective on January 1, 2018.  No one can be certain what the exact terms will be, but we have enough information to make a few assumptions. What steps can you take before December 31 to reduce your income tax liability? Tax-deferred contributions:  Have you … [Read more...]

Tax Reform 2017

Tax reform dominated the airwaves in October but before it could tackle tax reform, Congress needed to successfully pass a budget.  By a narrow margin the budget passed on October 26th and Republicans immediately turned to drafting a new tax plan.  The administration is under great pressure to produce tax reform for the American people before the end of 2017 … [Read more...]