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Wealth and Wisdom: Week of January 29, 2024

What’s the latest worry facing investors while they await the quadrennial anguish of selecting Stock prices are showing continued strength as 2024 gets into full swing and January comes to a close. All three of the major equity indexes – Dow Industrials, S&P 500, and Nasdaq – have now made new all-time highs.


That leaves investors to wait and wonder what is to come. Will it be a soft landing or a shallow, brief recession? Will corporate earnings be as disappointing as many fear? And will “none of the above” be the top vote-getter in this year’s presidential election?


Investors are being told to brace for renewed market volatility in the months ahead – and that’s probably good advice.



 

After a 25% decline at the beginning of 2022, the S&P 500 has reached new highs. What does history tell us about what happens next?  (Reading time: 2 minutes)

 

In the short run, stock performance is as random as the weather. Over the long run, they are just the opposite.  (Reading time: 5 minutes)

 

The Rule of 72 tells you how long it will take money to double based on the rate of return.  (Reading time: 4 minutes)

 

Financially literate workers are more confident, less stressed – and more productive. Employers can help them get there.  (Reading time: 4 minutes)


The greatest threat to the economy, national security, and social stability might come down to how much money we owe.  (Reading time: 4 minutes)

 

Here’s what to expect during retirement’s different phases – and how to cope with their financial challenges.  (Reading time: 5 minutes)

 

Paying extra on the mortgage saves money and gets you out of debt sooner – but there might be better uses for your extra savings.  (Reading time: 4 minutes)

 

Banks are the targets of daily cyberattacks. Here are 12 things you can do to help keep your money safe.  (Reading time: 5 minutes)

 

Take these four simple steps to limit who has access to your personal financial information.  (Reading time: 4 minutes)

 

Based on how much we spend – as opposed to how much we earn – poverty in the U.S. has declined by more than a third since 1980.  (Reading time: 3 minutes)


 

Words to the Wise


“I think the best way of doing good to the poor is not making them easy in poverty, but my leading or driving them out of it. I observed that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less done for them, the more they did for themselves and became richer.”

 

– Benjamin Franklin


 

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.


Links are being provided for informational purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.


The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Brown Family Wealth Advisors and not necessarily those of Raymond James. Investing involves risk and you may incur a profit or loss regardless of strategy selected.  Expressions of opinion are as of this date and are subject to change without notice. Past performance does not guarantee future results. Prior to making an investment decision, please consult with your financial advisor about your individual situation.


The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market.


Investors should consider, before investing, whether the investor’s or the designated beneficiary’s home state offers any tax or other benefits that are only available for investment in such state’s 529 savings plan. Such benefits include financial aid, scholarship funds, and protection from creditors. There is also a risk that these plans may lose money or not perform well enough to cover education costs as anticipated. Most states offer their own 529 programs, which may provide advantages and benefits exclusively for their residents. The tax implications can vary significantly from state to state.


Unless certain criteria are met, Roth IRA owners must be 59 ½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. Investors should consult a tax advisor before deciding to do a conversion.

 

Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Brown Family Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services.


These policies have exclusions and/or limitations. Guarantees are based on claims paying ability of the issuing company. Long Term Care Insurance or Asset Based Long Term Care Insurance Products may not be suitable for all investors. Surrender charges may apply for early withdrawals and, if made prior to age 59 ½ may be subject to a 10% federal tax penalty in addition to any gains being taxed as ordinary income. The cost and availability of Long Term Care insurance depend on factors such as age, health, and the type and amount of insurance purchased. Please consult with a licensed financial professional when considering your insurance options.

 

Dividends are not guaranteed and must be authorized by the company’s board of directors.



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