As the dust settles after the 2024 Presidential Election, United States citizens and the world have eyes on President-Elect Donald Trump. Regardless of where you stand politically, there is often financial anxiety whenever a new president is elected. With the 24-hour news cycle spouting every conjecture and opinion possible, it’s tough to know what’s reality — and whether investors can anticipate major changes in 2025 and beyond.
Rising inflation costs allow employees to contribute more money to their Health Savings Accounts (HSA) in 2024. The IRS announced one of the most significant jumps in contribution allotment in recent years on May 16, 2023. This is an excellent opportunity to review HSAs, why they benefit financial and retirement planning, and how you can maximize their effectiveness.
Staying informed about Nashville’s economic developments ensures you can adapt your financial strategies to meet rising challenges and seize emerging opportunities. This blog explores how the city's shifting landscape directly impacts your wealth and how you can incorporate these trends into your financial planning.
Investors expect the Federal Reserve to start cutting interest rates at its next meeting on September 17th. Fed Chair Jerome Powell signaled the move at last month’s Jackson Hole conference by saying, “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”
As another election cycle approaches, investors often wonder how political outcomes might impact their portfolios. It's natural to feel concerned about potential market fluctuations during these times. However, historical data and market trends suggest that maintaining a long-term perspective is crucial for investment success, regardless of election results.
The topic of interest rate cuts continues to dominate the financial markets. Investors are focused on when the Federal Reserve will lower rates, all while keeping a close eye on corporate earnings and valuations. Economists are analyzing inflation and labor market data to determine their impact on the probability and timing of rate cuts. Speeches by Fed members and minutes of recent Fed meetings have received greater scrutiny as investors search for clues about the central bank's next steps. This letter recaps the second quarter, discusses investors’ focus on the Federal Reserve, and looks ahead to the remainder of 2024.
Education is the greatest gift you can give your child or grandchild. Unlike material items, it keeps on giving and directly impacts our personal and professional lives. If your goal is to help your child or grandchild graduate college with little or no debt, there are a few things you should be aware of.
