Imagine you're at the annual Food Festival, and the highly anticipated award for "Best Pizza" is about to be announced. The crowd is buzzing with excitement, awaiting the results. The envelope is opened, and the winner is… a homemade lasagna! The audience is ecstatic, the lasagna basks in the spotlight, and the pizza contenders are left in disbelief.
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Since the onset of the pandemic and subsequent supply chain challenges, the auto industry has experienced three years of near-constant disruption. Luckily, supply chain woes are easing a bit, but rising interest rates and inflation are taking a huge toll on consumers. This is leading many who would otherwise be purchasing a new car or truck in 2023 to stay in their current vehicle for another year.
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Investors need to remember that markets can be turbulent. Between February 12, 2020, and March 23, 2020, the Dow Jones Industrial Average* lost 37% of its value due to the onset of the COVID-19 pandemic. Fortunately, recovery was swift, and by November 2020, U.S. markets had returned to their pre-pandemic highs.1 Preparing for declines is essential. There can be a strong temptation to pull out of the markets when they tumble. Instead of retreating, you may need to adjust your investment approach. By remaining flexible, you could be able to take advantage of opportunities while managing risks.
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Summer is in full swing and so is peak travel season. And while July is a prime time to get outdoors and cash in on any plans you may have, whether at home or beyond, the reality is that financial concerns (and recent credit interest rate spikes) remain a pain point for many of us.
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Many basic necessities rely on utilities we take for granted. And that makes them perfect for a scammer to exploit. Like many other scams, utility scams occur when a scammer pretends to be someone they’re not. In this case, the scammer poses as a representative from your power or water company and threatens to turn off your services unless you send payment right away or provide some important personal information.
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In the fertile financial fields of California, there lived a pragmatic farmer named Fred. With his sensible hat and sturdy boots, he was an emblem of resilience in this tumultuous terrain, where bulls and bears danced their unpredictable dance, and Wall Street wolves roamed. Yet, Fred was armed with a unique arsenal - his magic seeds, each representing a distinct investment strategy.
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The pandemic sparked some interesting retirement trends. First there was an unexpected decline in the share of workers in the United States who were 55 and older, prompting a study called “The Great Retirement Boom” by economists with the Federal Reserve. By early 2022, the trend was reversing. “Unretirements” were on the rise, with an estimated 1.5 million retirees returning to work in the U.S. labor market by March 2022. A study of Labor Department data by Nick Bunker, an economist with Indeed, revealed that as of March 2022, 3.2% of workers who had retired a year earlier had gone back to work, becoming unretired.
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The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. The qualifying amount of the claim could be impacted by the laws that were in place at the time wages were paid, including:
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Over the last few years, the cost of labor and automotive parts has continued to increase— leaving car owners with higher repair bills. With advanced electronics and computerized systems now standard in most vehicles, even the smallest repair can end up costing you hundreds, even thousands of dollars.
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If you are looking to provide your children with a financial boost for their future, you might want to explore the benefits of opening an account that offers the flexibility to align the funds with their goals. A Uniform Transfers to Minors Act (UTMA) savings account might be precisely what you need.
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