Business confidence surged in May despite renewed uncertainty in the U.S.-China trade dispute. As shown in the LPL Chart of the Day, “Business Optimism Surges Despite Trade Uncertainty,” the National Federation of Independent Business (NFIB) Small Business Optimism gauge climbed to a seven-month high in May.
Americans are not saving enough. Despite low levels of unemployment and what looks to be one of the longest economic expansions in US history, many still lose sleep at night over a lack of emergency funding.
While many families enjoy owning vacation homes and using these properties for getaways and gatherings, a vacation home is a unique type of asset that requires careful planning regarding its ownership structure.
This is a follow up blog the last blog, “Return to Volatility: Part II”.
In This Issue:
- Key Retirement and Tax Numbers
- Hybrid Funds, Lifestyle or Target?
- What Happened to Your Money?
Most people would not complain if they got a big tax refund. After all, who doesn’t love free money?! It’s easy to think about a check from the IRS as “found” money and plan a shopping trip accordingly. However, getting a rather large check is not actually as beneficial as you might think.
Big tax refund = LOSING money
Modern advertising tells us, and the Joneses next door make us feel like we NEED a bigger home, nicer clothes, fancier vacations, luxury vehicles, and a fatter paycheck to pay for it all. In a society where bigger is better and more is more, can we find the benefit and contentment in simplifying? In particular, can the “less is more” theory apply to our home?
Registered Investment Advisor vs. Broker - is there a difference and does it matter? Yes, it does!
How the professionals you hire are paid is an important question you should always ask. Let's see how they compare.
Know the difference! Work with a fiduciary, someone that puts your interests ahead of their own compensation.