According to a new Pew Research Center survey conducted in April, roughly half of U.S. adults have said that the internet “has been essential for them personally during the pandemic.” With the immediate need for contactless services and communication, it comes as no surprise that the internet has become an even more vital part of our everyday lives.
Read MoreOver the last several weeks, stocks have rallied to erase most of this year's losses. The optimism in the stock market has been at odds with economic data signaling that the pace of the global economic recovery following the coronavirus pandemic is likely to be slow and uneven.
Read MoreAccording to the Social Security Administration, “Social Security was a major source of income for at least 50% of filing couples and 71% of non-married filers in 2015.”1 Though these figures have continued to decline each year due to improving savings habits and earnings growth, they show that Social Security continues to play a significant role in most retiree’s income.
Read MoreActivity being deliberately frozen and halted has forced consumers, businesses, and investors to change the way they live and operate for a considerable period. This leads to the question of whether consumer, corporate, and investor behavior will change permanently.
Read MoreWhile the CARES Act provides relief to many small businesses, it also includes provisions for aid to individuals and households who may need it the most during this time. The stimulus package will provide government payments directly to individuals, assisting those who have lost their jobs or have seen their income reduced during the shutdown.
Read MoreBusiness and economic activity across the world are currently experiencing an unprecedented level of strain amidst the Coronavirus (COVID-19) pandemic. We have recently started seeing clear indications of the severity of that strain as record numbers of people have filed for unemployment in the United States.
Read MoreOn March 20, 2020, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Many states, including Illinois, have also provided special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak.
Read MoreAt the moment, we are operating in what is probably the noisiest market that many investors have ever seen. Market moves and government actions that seemed unthinkable a few weeks ago are now daily occurrences. Currently, there is not a lot of visibility on the trajectory of Covid-19 and the breadth and depth of its impact.
Read MoreThese are certainly trying times. It goes without saying that the COVID-19 virus has had an enormous impact on the way we all go about our daily lives. We first want to say that we hope every one of you is safe and healthy.
Read MoreA lot has happened since our last commentary several days ago. The coronavirus has been declared a pandemic by the World Health Organization. The speed at which the Covid-19 disease is spreading has led authorities (on national and community levels) to take strong measures including closing borders, schools, and businesses, as the center of the pandemic shifts to Europe and the U.S.
Read MoreFinancial market volatility has reached levels not seen since the global financial crises in 2008. The severe market turmoil has been due to concerns about the significant drop in business activity and global trade from escalating efforts by public-health authorities worldwide to contain the coronavirus outbreak.
Read MoreNews about the coronavirus broke out in January, but up until recently, market sentiment has been mostly positive on the hope that health officials would be able to contain the epidemic, resulting in only a short-term disruption to growth.
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Health Savings Accounts (HSAs) were first established in 2003 under the Medical Prescription Drug Improvement and Modernization Act. Since 2011, the amount in HSAs has grown from about $6.76 million to $22.21 million in 2017.
Read MoreLet’s face it—thinking about what happens after we pass away is not the most pleasant subject to consider. And understandably, it tends to get pushed to the bottom of our agenda when it comes to the conversations we have with our loved ones.
Read MoreOn December 20, 2019, the President signed into law the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) as part of a larger spending package. The SECURE Act was enacted with the purpose of expanding opportunities for individuals to increase their savings and improve retirement security throughout the country.
Read MoreAfter such a strong year for stocks with the U.S. stock market once again reaching new all-time highs, many investors are wondering whether they should stay invested. A common concern is that the stock market is likely to come back down from such a high current level, especially given the uncertainty surrounding trade policy, Middle East tensions, and the upcoming U.S. presidential election.
Read MoreCapstone Financial Advisors is pleased to announce the promotions of key members of its growing team.
Read MoreWhat recent market and economic data is telling us about slowing global growth and uncertainty around trade. Bonds outperforming stocks over the last year, reinforcing their importance in balanced portfolios.
Read MoreReal estate is an appealing asset class for many investors. Over half of all investors that make a purchase cite the appeal of passive income streams and price appreciation potential as primary motives to make an investment.1
Read MoreStarting a new job tends to fill people up with nervous energy. It’s exciting to meet new people and learn new things.
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