If you make significant gifts to your children or someone else’s children (perhaps a grandchild, a nephew, or a niece), or if someone else makes gifts to your children, there are a number of things to consider. Continue reading “Considerations When Making Gifts to Children”
In the November 2020 election, Florida voters approved an initiative to increase the minimum wage incrementally to $15 per hour by 2026. Eight states (plus the District of Columbia) have passed legislation to raise the minimum wage in steps to $15, but Florida is the first state to do so through a ballot measure.1 Continue reading “Your Business: Minimum-Wage Laws in the Spotlight”
Buying a home is a long-term commitment, so it’s not surprising that older Americans are much more likely than younger people to own their homes “free and clear” (see chart). If you have paid off your mortgage or anticipate doing so by the time you retire, congratulations! Owning your home outright can help provide financial flexibility and stability during your retirement years.
Even if you still make mortgage payments, the equity in your home is a valuable asset. And current low interest rates might give you an opportunity to pay off your home more quickly. Here are some ideas to consider.
Continue reading “Home-Sweet-Home Equity”
U.S. assets invested in socially responsible strategies topped $17.1 trillion at the start of 2020, up 42% from two years earlier. Sustainable, responsible, and impact (SRI) investments now account for nearly one-third of all professionally managed U.S. assets.1 This upward trend suggests that many people want their investment dollars to pursue a financial return and make a positive impact on the world. Continue reading “Growing Interest in Socially Responsible Investing”
Qualified retirement plans, such as IRAs and 401(k)s, have many rules, and some of them can be quite complicated. Take the following quiz to see how well you understand some of the finer points. Continue reading “How Well Do You Understand Retirement Plan Rules?”
An estimated 145 million Americans own real estate investment trusts (REITs) in their retirement accounts and other investment funds.1 The primary appeal of REITs is the potential for a consistent income stream and greater portfolio diversification. Of course, like all investments, REITs also have risks and downsides. Continue reading “Real Estate for Income and Diversification”
Key market drivers last week included a big miss on the April jobs report and another heavy week of earnings reports. U.S. equity markets finished modestly higher led by the cyclicals (energy, financials, industrials, materials) with lagging performance in consumer discretionaries, utilities, REITs, and technology.
IPIWeekly for the week of May 7 2021
FOR THE WEEK OF APRIL 23, 2021, click the link above.
Key market drivers last week included a good slate of corporate earnings, encouraging global PMI data, and more details about the Biden plans for increasing taxes and spending. Equity markets finished with minor gains primarily concentrated in REITs, healthcare, and cyclicals and yet another new record high for the S&P500. (click link to read more…
The housing market during the coronavirus pandemic has certainly been notable. Historically low interest rates resulted in record homebuying, even as housing prices escalated.1
Fortunately, the mortgage industry has been able to keep up with the pace of the real estate market by utilizing already existing technology. Homebuyers can search for lenders, compare interest rates, and apply for mortgages online. In addition, mortgage lenders are able to do alternative appraisals, perform safe home inspections, and conduct closings electronically. Continue reading “Five Tips to Follow When Applying for a Mortgage”