In the life events of a parent, sending your kid off to college is a momentous and prideful occasion. Everything you had worked for up to this point in keeping them focused on grades and good behavior through all the years while still having some fun culminates in the big life step of getting them established in college. There was also the big decision of what schools and scholarships to apply for especially if you’re hoping they drank the Kool-Aid of your alma matter after brain washing them sufficiently on their football program or favorite college team sport. When we adopted our son Marcus and daughter Vika from Russia, they were 3 and 1. It only took about 3 months when Marcus barely spoke any English to get him doing the fist pump with, Gooo Dawgs! (and “Jackets bad”, referring to my wife Becky’s Georgia Tech Yellowjackets).
Matt Stange, CFP® recently joined Fleishel Financial located at 812 N. Woodland Blvd in DeLand according to Tom Fleishel, owner and President. “I am pleased to welcome Matt Stange as an Associate Planner to the Fleishel Financial team,” said Fleishel. “Matt is the latest addition to our high quality team of professionals to help fulfill our commitment to providing top tier competencies and client service.”
Please enjoy JP Morgan’s take on how investors should think about the current market’s historic run. “On Wednesday, August 22, the current bull market turned 3,453 days old, surpassing the bull run of the 1990s and officially making it the longest bull market on record. Despite generating a total return of over 400% since the market low, this bull market has felt unloved, and investors are now feeling more anxious than ever and wondering how much longer it can continue.
One of the greatest challenges in a new marriage is finances. Good communication and careful planning are important and can impact your success in the future.
The recent run up in market volatility has investors spooked and sitting on the sidelines waiting until things calm down or reach some level of normality, whatever that is. Some bearish pundits are proclaiming the bull is dead and the bear is now ruling the day. Yet based on Raymond James’s top market strategist, Jeffrey Saut, that is simply not true based on the technical evidence.
There is a lot of wedding talk in our office lately, with employees and employee’s children getting married. Weddings cost money and can be stressful, but is there a correlation between the cost of a wedding and the duration of the marriage? Emory University published a study called “A Diamond is Forever” and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration”. Below are some interesting facts:
When faced with a health issue, we turn to our doctor and other healthcare specialists for information, support and a positive resolution. But when you head to an appointment, do you go armed with research gleaned from reputable sources? Are you prepared to ask questions and voice your concerns if something doesn’t seem right? Many aren’t. In a recent Medscape poll, a majority of physicians and nurses surveyed said they would describe less than a quarter of their patients as empowered advocates for their health.
In December 2017, the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package, became law. College students and their parents dodged a major bullet with the legislation, as initial drafts of the bill included the elimination of Coverdell Education Savings Accounts, the Lifetime Learning Credit, and the student loan interest deduction. Also on the table in early drafts of the bill was the taxation of tuition waivers, which are used primarily by graduate students and employees of higher-education institutions. In the end, none of these provisions made it into the final legislation. What did make the final cut was the expanded use of 529 plans.
Retirement can mark an amazing new beginning. It means an incredible opportunity to take control of your time and do all the things you have had to put off over the years – all without the day-to-day stress of work, building a team, dealing with customers, and financial planning.
Optimism in the markets and the economy has not appeared to reach “irrational exuberance” as the former Fed Chair Alan Greenspan once coined but the rise in the equities market has investors concerned about “the next shoe to drop”. One of the drivers recently has been the high likelihood of a corporate tax cut and tax reform. Scott Brown, Chief Economist for Raymond James opines, “While tax reform has provided a tailwind, we note several concerns regarding potential headwinds, including: the near hyperbolic move in equities coupled with the absence of a material correction; a widely expected rise in interest rates as the Fed reduces its balance sheet and remains in a tightening (rate hike) mode. While potentially healthy for lagging sectors of the market, this could presage a more material change in investor sentiment.”
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