In these trying times, even those with veins of steel can find themselves nervous about the market's direction and what it could mean for one's financial future.
Most economic charts we look at in the LPL Research Department look alike. Many segments of the US economy came to an abrupt halt in March when the lockdowns and business closures began, making most economic charts covering March and April look like a steep drop on a roller coaster.
The economic damage inflicted by the current COVID-19 pandemic has been unprecedented, with thousands of businesses temporarily shuttered and millions of workers out of work.
The market volatility continues, as the S&P 500 Index has closed either up or down 4% or more for a record 7 consecutive days. With the S&P 500 Index down 30% from the highs, it has officially moved into a bear market. Yesterday, we took a look at how stocks did after the lows of major corrections formed, and today we’ll take another angle on this.
It's no secret that auto insurance can safeguard your assets and provide you with peace of mind. But did you know that auto insurance may also benefit you at tax time? Certain insurance-related costs can be deducted on your individual federal income tax return. You'll need to know what can be deducted, and how insurance reimbursements can affect those deductions.
You don't want to pay more in federal income tax than you have to. With that in mind, here are five things to consider when it comes to keeping more of your income.
Last week in our LPL Research blog, we took a closer look at how stocks have performed during an election year. We found that since 1940, the S&P 500 Index hasn’t been lower during an election year when an incumbent president has been up for reelection.
Consumer inflationary pressures grew at a healthy, but manageable rate in December 2019.
Some life transitions, such as a career change or marriage, are planned, but a job loss or divorce can be sudden and unexpected. One common thread that accompanies all transitions, however, is the concern about whether there will be enough money to maintain your lifestyle.
At some point in your life, you probably have heard about the importance of developing a budget. But, why is a budget so important? Perhaps you simply spend what you must and save whatever’s left over. Or, perhaps you spend all you have and borrow or charge anything else that you need.