Can the markets recover lost ground after the Silicon Valley Bank bust? The author of Axios Markets reports the year-to-date numbers. • The idea that you need $1,000,000 to retire is a myth. That’s according to Richard Quinn of HumbleDollar, who shares eight other myths and advice on how to plan for retirement. • You can earn a tax break on an EV. But there’s a catch to it, as Joann Muller explains.
Stocks Are Approaching Their Year-To-Date 2023 Highs — The S&P 500 closed Tuesday up 8.2% for the year. Matt Phillips of Axios notes that “Between the lines, it’s mostly the same old story, with this year’s drop in longer-term interest rates goosing the kind of tech stocks that benefit from falling rates.” Read more…
Nine Retirement Myths — Retirement planning videos and books can be frustrating because of the conflicting advice from so-called experts. Richard Quinn prefers to think more about average Americans facing the reality and challenges of planning for retirement in the real world. He clears up some of the myths from these “experts.” Read more…
Want A Tax Break On An Electric Car? You’ll Need To Buy American –The Treasury Department just narrowed the list of EVs eligible for a $7,500 consumer tax credit to U.S.-built cars made with battery components from the U.S. or its trading partners. Read more…
John R. Day, Bill Ennis, and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.