I often get asked about the benefits, tax breaks, and financial pros and cons of owning a second home or a vacation home. Whether you already own a second residence or are considering purchasing one, there are several tax deductions that can make it more affordable. (After all, who doesn\’t dream of owning a summer …
Overview First, a Pause was Discussed but Eventually Dismissed In days prior to the meeting, committee members considered pausing the rate hiking campaign due to uncertainty with some regional banks. The run on deposits at some banks in the U.S. created a bit of a scare, but as the days passed, participants believed conditions were …
Overview First, Fed Will Likely Focus on Price Stability Mandate Over Growth Investors should expect the Federal Open Market Committee (FOMC) to focus on the inflation portion of the dual Congressional mandate for price stability and full employment, i.e., the growth component of the mandate. Although the markets are still interpreting the risks within the …
Three Implications of the Latest Inflation Release Read More »
Key Takeaways: Background After a turbulent descent during the pandemic, the airline industry is finally showing signs of recovering. The transition of consumer spending from goods to services has helped revive travel demand. This trend likely has staying power. According to LPL Research Chief Economist Jeffrey Roach, the share of services spending is still roughly …
Because the future is both uncertain and unknowable, investment planning frequently involves efforts to simulate or \”model\” the future. Given certain investment decisions, how likely is it that a particular portfolio will succeed in reaching the goals set for it? For example, will a portfolio provide enough retirement income to last the owner\’s lifetime? Will …
When an individual borrows money to purchase a home, a type of debt called a \”mortgage\” is created. A single organization such as a bank or credit union will loan money to the homeowner, who, in return, makes monthly payments to pay off the loan. When an institution such as a government, a government agency, …
Individuals with investable funds often have a desire to put those \”extra\” dollars to work to meet a specific purpose. For some, there may be a desire to accumulate funds for a future purchase, or a need to generate more income to pay current expenses. For others, it may be to put money aside for …
Everyone with money to invest faces a primary question: what do I invest the funds in? In answering this question, a number of individual factors are typically considered, such as the dollar amount of investable funds, the investment time horizon, the individual\’s income tax bracket, and his or her ability to tolerate risk. It goes …
Exchange traded funds and mutual funds have similarities and differences. Compare and contrast them below!
Once an individual or family has reached the stage in life where there is enough income to easily pay the monthly bills, there is often a desire to put the excess monthly cash flow to work. For most people, the key question is, \”How do I put this money to work?\” In a perfect world, …
