The Fed is currently holding interest rates steady, with the Fed Funds rate range between 5.25%-5.5%.
Because of high interest rates, cash is hot. We haven’t seen interest rates on cash/cash equivalents this high since before the Great Financial Crisis. The Fed has also indicated that...
I’ve mentioned earlier that I had an excellent public education. My high school was one of the finest in New England, and I had the best teachers of my academic career there. My high school was in Guilford, CT – founded 1639. Think about it – at the time of the...
Kissinger and Kardashian
Anyone of my age remembers Henry Kissinger. He was known for his shuttle diplomacy, and was always all over the news. And he had the most annoying speaking voice ever – gravelly! It almost hurt to listen for more than a few minutes.
Years go...
by Glenn J. Downing, MBA, CFP®
On June 5th of this year Gov. DeSantis signed into law some major changes – upgrades - to the Deferred Retirement Option Program. The main points are these:
DROP extended to 8 years
Beginning July 1st the...
The Federal Reserve meets again on June 13th-14th for its periodic Federal Open Market Committee (FOMC) meeting. This meeting is a critical one. There is a general expectation that the Fed will finally pause historic rate increases at this meeting. To illustrate the point, a May 23rd Forbes...
by Glenn J. Downing, MBA, CFP®
There's a lot of financial stress out there - we hear it from our clients. People who don't have a financial worry in the world are afraid. And, given two high profile bank failures recently and the release of the Durham report last week, I suspect...
How to get a big pay hike
If you want a big pay hike, sometimes the only way you're going to get it is by jumping ship to a new employer who values your skill set and experience and is willing to pay for it. Otherwise you may have to settle for an annual cost of living increase. People...
No More Revenge Spending
There’s a new term out there – revenge spending. When people were hunkered down during COVID, they couldn’t go out to spend. When things opened up, people took their revenge on the lockdowns and spent like never before. And the...
As I’ve noted elsewhere, it used to be that if a man wanted to impress a woman, he’d flash a bankroll. Now she’d likely flee in horror at such Neanderthal-like behavior. It is the platinum card she wants to see. On second thought, actually using a credit card...
Tax Reasons for the Subchapter S Election
There are lots of great reasons to organize your business as a corporate entity with a Subchapter S election. You have limited personal liability, flow-through of net income, ability to take a Section 199A deduction, and ability to, as the owner,...
January of 2023 kicked off with a bang. We’re in the midst of a stock market rally that we haven’t seen in over a year. The market rose, and rose, and kept rising – all in the last 8 weeks. We’re far from all-time highs, and expect that to be the case...
Have we reached a stock market bottom yet?
"Are you kidding me? After the big price drops we've seen the last few days?"
We get it. Pessimism is popular right now. But here we give you an optimist’s case for the market:
Look at the three major stock market benchmarks – the Dow...
