New Year. New You. Yeah, Right.

It’s that time of year again. The holidays are over, and if you’re like a third of the United States, your sights are set on New Year’s resolutions. You know, the ones you swear you’ll stick to this year. But how often do we actually follow through on them?According to a survey conducted by the University of Scranton, only 8% …

Market Update

US Investors Love the USInvestors have put more than $86B into US equity mutual funds and ETFs this year, and on pace to be the second highest year since 2013 (last year’s record $156B). Of the $93B that was added to US or international equity funds, more than 90% has gone into ones owning US stocks. US stocks are nearly …

Market Update

StocksThe market climbed 5.5% on Friday (maybe partly on a short squeeze). A basket of the most shorted stocks surged 11% >on Thursday. A market overrun by sellers is one that can see a lot of people change their mind very quickly (and result in gains greater than may be warranted). Since 2008, Thursday was the second biggest reversal of …

How 4 Generations Think Differently About Retirement

The COVID-19 pandemic upended Americans’ lives. In many cases, the pause on society affected retirement finances and plans. An October 2022 survey report from Transamerica Center for Retirement Studies and Transamerica Institute, “Emerging From the COVID-19 Pandemic: Four Generations Prepare for Retirement,” examined the pandemic’s impact on Baby Boomers, Generation X, Millennials, and Generation Z. The study focused on the …

Market Update

StocksA belief in peak hawkishness + prevailing pessimism of money managers (making them underweight) could keep this rally going. Fear of missing out perhaps? The market rallied, despite the widespread belief that this is a bear market rally, only making the Fed more aggressive. Highlights The decline in earnings growth for Q3 has largely been applied to growth stocks. Investors …

IRS to Make Largest Increase Ever to 401(k) Contribution Limit

Americans can save thousands more dollars in tax-advantaged retirement plans in 2023. Millions of Americans can save more in retirement accounts next year, after inflation adjustments made Friday by the Internal Revenue Service. The employee contribution limit for 401(k) and similar workplace plans will jump $2,000 to $22,500 for 2023, the largest increase ever in terms of dollars and percentage, …

Market Update

EarningsConventional wisdom is that when the Fed wins its fight with inflation, stocks will take off. But if inflation slows and wage inflation is sticky, margins will contract. Early in the cycle, inflation helps companies. Later on, it hurts margins. Analysts expect Q3 EPS of $55.67, up 2.6% YoY. Excluding energy companies, earnings would contract 3.9%. As economy slows, higher …

who are age 62 to 64 contribute an additional $10,000 to their 401(k) or 403(b) plans

Andy Friedmand Says SECURE 2.0 Should Pass After Midterms

Very few bills are likely to move in the lame duck session that historically grips Congress after mid-terms, but Washington insider Andy Friedman believes SECURE 2.0 (Securing a Strong Retirement Act of 2022) has an excellent shot. “Right now, the Senate and House have each passed [their version of the] bills with only minor differences that are easily worked out. …

Market Update

CurrenciesThe dollar rose 7.2% for the quarter – its strongest quarterly gain since 2015. It rose 3.2% in September. The dollar is being pushed higher by an aggressive Fed and the relative stability of the U.S. economy. The extreme dollar strength could lead to an unpredictable event. It’s been amazing to see the dollar rally while other central banks are …

Texas vs Texas Tech

Texas Tech fans flooded the field celebrating the second straight home game after Trey Wolff drilled a 20-yard field goal for a 37-34 overtime win. We were there to catch all the action! Good food, great friends, and a stellar overtime game made for an exciting Saturday.