Recession fears, high inflation, rising interest rates, geopolitical risk, weakening investor sentiment…. did we miss anything? I’m sure we did, depending on the new headlines from today’s financial media. While those headlines and fears are at the forefront of investors’ minds, sometimes simplicity can rule the day. In the world of finance, where complexity often […]
Reaching levels not seen since the turn of the millennium, current mortgage rates have surged in lockstep with all the rate hikes. The 30-year fixed mortgage rate in 2000 stood at 8.25%, while at the time of this writing, it sits at 7.63%. Concurrently, the US Median Home Sales Price has risen to $394,300, with […]
We are proud to announce that Lake Street has been ranked as one of America’s top RIAs by Financial Advisor Magazine for 2023. The criteria is based on assets under management as of the previous year end. This recognition is an exhibit of the hard work and dedication by our team. A big thank you […]
As the final months of the year draw near, many individuals are turning their attention to tax planning and charitable giving. Charitable donations are a good way to support meaningful causes and create a positive impact within communities. One effective method for managing charitable contributions is through a donor-advised fund, offering a range of benefits […]
We are humbled and grateful to be appointed in the second annual Forbes/Shook Top RIA list, which recognizes the top 250 advisory firms in America out of an impressive 42,643 nominations received! The comprehensive selection process involves rigorous evaluations, including qualitative and quantitative metrics such as years of experience, assets under management, client retention rates, […]
Growing up, I was fascinated by the TV show “Who Wants to Be a Millionaire?” For those less familiar with the show, its premise was quite straightforward: contestants had to answer 15 consecutive questions correctly to win a million dollars. When contestants found themselves stuck, they were granted three valuable lifelines. These lifelines included “50:50,” […]
Medicare, the healthcare lifeline for millions of Americans aged 65 and older, or with certain disabilities, is bolstered by an annual open enrollment period. During this time, beneficiaries can modify, renew, or enroll in Medicare Part C (Medicare Advantage) and Medicare Part D (Prescription Drug) plans, ensuring they have the coverage that best meets their […]
With the major stock and bond indices all experiencing declines in the third quarter, the question begs if this is merely a seasonal pattern where the market tends to underperform, or if there are underlying factors at play. To explore this question, we delve into historical data related to the stock market in pre-election years. […]
Although most of our Thursday posts typically focus on financial planning tips, it’s challenging to overlook the stock market during periods of turbulence. As of the time of this writing, the S&P 500 has experienced a decline of just over 7% from its intraday peak on July 27th. (Source: JP Morgan Guide to the Markets) […]
Recent government inflation data suggests that in 2024, Social Security recipients could see a 3.2% cost-of-living adjustment (COLA), as projected by The Senior Citizens League. According to this nonpartisan senior advocacy group, this anticipated increase would boost the average monthly retirement benefit by approximately $57.30. It’s worth noting that The Senior Citizens League’s calculations are […]
