Unfortunately, for those of us who live in a high tax state, the federal courts on September 30, dismissed the challenge to the $10,000 cap on the federal state and local tax (SALT) deduction.
As an independent RIA, I draw from a variety of valuable resources including TD Ameritrade, Vanguard, among others. A lot has been written about market volatility, and the effect it can have on an investor's psyche.
It might seem trivial, but how you manage your cash can have a long-term impact on your net worth.
Don't leave a lot of cash just sitting around earning nothing. Checking and savings accounts make on average 0.08%. Brokerage accounts aren't much better, and with inflation running at 1.8%, your purchasing power quickly erodes.
It's a busy week for economic releases, the Federal Reserve, and corporate earnings. All three will shed light on the relative strength and health of our economy. The Fed's meeting on Wednesday is the most significant event for the week. The Fed is expected to cut rates 25 bps or 1/4 of 1-percent.
It took five short years for the S&P 500 to cross from 2,000 to above 3,000 and record highs. Tech stocks are the primary reason.
The tech sector is up over 125% during this time frame, 30% YTD:
Photograph by Inga Spence
FactSet hosted an event featuring three experts in the field of ESG investing: David Silverman of Blue Harbour Group, Linda Galsim of Jennison Associates, and Shila Wattamwar of Sustainalytics.
The field of sustainable investing is making great strides in offering investors ways to advocate for critical social and environmental issues while furthering their investment and retirement goals.
No longer do investors have to sacrifice investment returns in pursuit of what they think is the greater good making it possible to have an impact while being profitable.
Wealthier individuals and entrepreneurs often tap out on how much they can contribute to their 401(k) or retirement plan. They have few options other than to invest excess cash through a taxable brokerage account. What if there was another way to get tax-deferred growth?
The ranks of the self-employed are growing by the day. It's estimated that more than 42 million Americans earn some form of full-time or part-time income.
If you're self-employed, with no other full-time employee other than a spouse or business partner, you might consider opening a Solo 401(k).
The Relationship Between Wealth and Well-Being
Does money make you happier? Yes, but not always for the reasons you might think.
BlackRock conducts an annual survey called "Investor Pulse." Each year it explores a different theme. This past year focused on whether money makes you happier.
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