What should investors do in the face of the recent market volatility? Brad Sorensen of Schwab looks at past market swings to help investors form a strategy. The fluctuations don’t seem to be affecting consumer confidence, as it rises to its highest level since 2000. Paul Wiseman explains the surge in the index for USA Today. The new tax law will cause wealthy Americans to revise their financial plans, according to The Journal of Accountancy. They offer three approaches to consider.
What Volatility And The Yield Curve Are Telling Us– It has been an incredible past several weeks, with volatility spiking and multiple hundred-plus-point moves intraday in the Dow Jones Industrial Average. Brad Sorensen at Schwab discusses what this volatility means and also explains the significance of the yield curve. Read more…
U.S. Consumer Confidence Rises To Highest Level Since November 2000– The Conference Board says its consumer confidence index rose to 130.8 in February, its highest position since November 2000. That’s up from 124.3 in January. “Overall, consumers remain quite confident that the economy will continue expanding at a strong pace in the months ahead,” says Lynn Franco, the Conference Board’s director of economic indicators. Read more…
How The New Tax Law Will Change Wealthy Americans’ Financial Plans– “Tax-efficient financial planning is absolutely critical for the average American, as taxes will be their largest lifetime expenditure,” said Robert Westley, CPA/PFS, a member of the AICPA’s Personal Financial Planning Executive Committee. “Additionally, the tax drag on investments over a long period of time can make for significant differences in retirement income and assets.” The new tax bill has opened up new opportunities revise your financial plan. Here are some strategies to consider. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller