Thankfully this election cycle is behind us, and with it I believe we have greater clarity today over what might happen with post-election tax changes and the economic impact of the 2024 election.  Look, to preface let me just say that I’m thankful to live in a free country where we all have the right to see the world through our own prism. My comments are not to be taken as a political referendum, but rather as an economic observation.

Pre-Pandemic Levels?
So far, this year has been a roller coaster of emotion and sentiment to say the least.  At a high level, as I’ve mentioned in previous articles, I believe that we continue to emerge into economic Spring, from economic winter, and this kind of evolution doesn’t occur in a straight line.  It evolves in fits, and starts, and periods of panic and optimism.  In my opinion, the last four years, and even today, is like walking through a funhouse of mirrors at the circus.

Market behavior over the last few trading days has certainly been unnerving, and I would like to attempt to bring some thoughts to you in between our regularly scheduled monthly videos.The number one question on most of your minds is probably, what in the world is going on?  What is causing markets to reprice risk in such an acute manner?
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Budgeting and saving are fundamental aspects of financial management that can significantly impact an individual’s financial stability and future prosperity. In today’s fast-paced world, managing finances effectively is more crucial than ever.

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In the realm of financial planning, one critical yet often overlooked facet is the protection of one’s largest asset. While many typically associate this asset with tangible possessions like homes or retirement savings, experts emphasize a different perspective: the most substantial asset for most individuals is their ability to earn an income. Income serves as the bedrock of financial stability, facilitating mortgage payments, meeting daily obligations, and fueling future savings endeavors.

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In the realm of financial planning, where wealth management often takes center stage, one often overlooked yet crucial aspect is planning for unforeseen challenges, particularly the complexities of long-term care.