You’ve probably heard the word “tariffs” tossed around in the news—usually tied to trade wars, economic uncertainty, or political headlines. But what do tariffs actually mean for you as an investor? And more importantly, how could they impact your retirement portfolio? Let’s break it down.
The market has been volatile lately in response to the tariffs that are rolling out. Market volatility is never fun to endure, but it is a normal part of investing.
If you have a pension and have been blocked from receiving your full Social Security benefits, you're in for a significant financial boost. Thanks to new legislation, your full Social Security benefit is now yours—potentially adding thousands, or even hundreds of thousands, of dollars to your lifetime earnings.
Now that the election is over, we can all breathe a collective sigh of relief, knowing that some of the uncertainty is over. Whether or not your candidate won, we now have clarity on the results and the country can focus on moving forward. I wanted to remind you that who is in Washington has less impact on your investment portfolio than you might think.
As we bid farewell to another year, it's time to take stock of the financial landscape and chart a course for success in 2024. After the turbulence of the 2022 bear market, the stock market was in recovery mode during the first half of the year, offering hope for investors. However, after peaking in late July, the market went down for three straight months on news of inflation, turbulence overseas and the economy in general. Just when it seemed like things were not improving, we had a fantastic November and December giving us a nice market increase moving into the new year.
As we move through 2023, the global economy has been experiencing some significant changes. Unfortunately, one of these has been the failure of several prominent U.S. banks; specifically, Silicon Valley Bank, Signature Bank, and First Republic Bank. Understandably, these failures have caused many retired or soon-to-be retired Americans to question whether they can rely on their banking partners for the long haul. This is an important topic, so let’s discuss it.