Wealth Articles
Your guide for better financial decisions.
Making a last-minute contribution to an IRA may help you reduce your 2023 tax bill.
The tax filing deadline is fast approaching, which means time is running out to fund an IRA for 2023. If you had earned income last year, you may be able to contribute up to $6,500 for 2023 ($7,500 for those age 50 or older by December 31, 2023) up …
March 4, 2024
Important changes for 2024
The SECURE 2.0 Act, passed in December 2022, made wide-ranging changes to U.S. tax laws related to retirement savings. While some provisions were effective in 2023, others did not take effect until 2024. Here is an overview of some important changes …
February 4, 2024
Feeling overwhelmed by all the options to invest your money?
Holiday shopping can feel overwhelming: Black Friday sales, Cyber Monday sales, in-store discounts, in-app discounts, this store, that store, this website, that website. Investors, too, may feel overwhelmed by the number of options they have to …
December 14, 2023
U.S. economy outperformed the expectations of most economists
Despite high interest rates and unsettling geopolitical conflict, the U.S. economy outperformed the expectations of most economists in 2023.1 Inflation-adjusted gross domestic product (Real GDP) accelerated to an annualized rate of 5.2% in the …
December 6, 2023
Holiday spending may provide clues to consumer behavior in the new year
Consumer spending accounts for about two-thirds of U.S. gross domestic product (GDP), so it plays an outsized role in driving economic growth or slowing it down.1 For the last 18 months, U.S. consumers have kept the economy strong despite high …
November 5, 2023
The economy is finding its footing
Although most current data indicates that inflation is cooling with a modest economic slowdown, it takes time for interest rate changes to work their way through the economy.Economists have been predicting a recession for the U.S. economy ever …
September 6, 2023