Latest News
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Debt Ceiling Deadlines, Defaults, and Downgrades
The debt ceiling is making news again. Will Congress raise it? Will the U.S. make history by defaulting on our government debt? If it seems like this a story you’ve heard before, that’s because it is. Over the past decade, there have been seven occasions where we’ve seen negotiations (or lack thereof) over the debt ceiling come uncomfortably close to Congress’s deadline to act. According to the U.S. Department of the Treasury, since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend or revise the definition of the debt limit....
05-22-2023 | READ POST -
You’re Maxing Out Your 401(k). Should You Invest After-Tax in an IRA?
If you are maxing out your 401(k) plan, investing after-tax in an IRA may be worth considering. While the contribution won't be tax-deferred, it will still grow tax-free. Plus, it can provide an additional source of income in retirement. And since you contributed with after-tax dollars, you can withdraw them tax-free, and only the growth will be taxed in retirement. This gives you some control over your investment income....
05-11-2023 | READ POST -
How Do You Create Lasting Wealth?
For most people, steady, ongoing work is the foundation of their wealth. Career success and a good salary, or building and growing your own business, is the means to a lifestyle you enjoy now and the promise of a stable financial future....
05-04-2023 | READ POST -
What is Financial Capability? And Are You Financially Capable?
April is Financial Capability Month, an initiative that started in 2004 as "Financial Literacy" and has evolved over the last 20 years. The rebrand reflects a trend of taking a more active approach to finances and a focus on having more control over decision-making as you move through your financial journey....
04-26-2023 | READ POST
Market Commentaries
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Last Week’s Market in Review: Debt Ceiling Can’t Hold Down Markets
For weeks the market has been overwhelmingly concerned with the U.S. debt ceiling, and rightfully so. A failure to raise the ceiling promptly would result in the U.S. Treasury being unable to meet its obligations on time and default on its debt. ...
05-22-2023 | READ POST -
Last Week’s Market in Review: What Comes After the 10th Fed Rate Hike?
In the week following the Federal Open Market Committee's (FOMC) tenth consecutive interest rate hike, market participants were interested in several economic reports that were used to gauge the effect that higher interest rates were having on the overall economy's performance. ...
05-15-2023 | READ POST -
Last Week’s Market in Review:Taking a Hike with the Fed
Let's go on a hike – pun intended. As we begin our journey, we know there may be some difficulty. The path ahead is unknown, but we know that the only way we can achieve our goal is to hike up to the top of the mountain. How fast do we hike without burning out? Are the gauges and tools in our possession pointing us in the right direction? What will it look like when we get to the top, and how long will it take us to get there? ...
05-08-2023 | READ POST -
Last Week’s Market in Review: Q1 GDP and Earnings Suggest a Potential Soft Landing
During the past week, market participants were focused on the release of the First Quarter 2023 Gross Domestic Product (GDP) release on Thursday and the ongoing reporting of first quarter corporate earnings. Like all data throughout this year, this data is then factored into trying to predict the next potential policy moves from the Federal Reserve. We will remind readers that the FOMC will announce the results of its policy meeting this upcoming Wednesday, May 3rd. ...
05-01-2023 | READ POST
