Category: Finance

Stocks dropped sharply Friday as several states reversed some reopening plans after coronavirus cases rose. Bank stocks fell after the Federal Reserve limited dividend payments and barred share repurchases for the third quarter. For the week, the Dow fell 3.31 percent to close at 25,015.55. The S&P lost 2.86 percent to finish at 3,009.05, and the NASDAQ dropped 1.90 percent to end the week at 9,757.22.

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It’s difficult to address a long-term issue in the midst of an immediate crisis. With millions unemployed and news of firms going bankrupt because of COVID-19, the latest report on the health of the Social Security Trust Funds received little attention.

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It was a choppy week on Wall Street amid fears of a second wave of coronavirus infections as states reopen and crowded protests continue. Stocks saw their worst sell-off since March on Thursday after Fed Chair Jerome Powell warned of possible long-term joblessness, but stocks rose Friday.

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Stocks ended mostly higher on Friday after the White House said it would end special treatment of Hong Kong in light of China’s recent security crackdowns but did not indicate it would pull out of the Phase 1 trade agreement with China.

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Roth IRAs are popular because they have no required distributions, their earnings grow tax-free and withdrawals are tax-free, subject to certain requirements. Income restrictions limit who can open a Roth, but since 2010, anyone – regardless of income – has been able to convert assets from a traditional IRA to a Roth IRA. Unique circumstances in 2020 have more investors now considering Roth rollovers.

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Let’s debunk the myths about long- term care. This article talks about the largest myth of long-term care. #JointLTC https://lnkd.in/gNEXZNd Registered Representatives offer securities through Securities America Inc., Member FINRA/SIPC. Advisory Services are offered through The Patriot Financial Group, a registered investment advisor. The Patriot Financial Group and Securities America are separate entities. Written by Securities […]

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Stocks rose Friday despite the worst jobs report on record; the Labor Department reported the nation lost 20.5 million jobs in April. However, investors were encouraged by plans to begin reopening the country and a statement from Chinese and U.S. leaders saying they expected to meet their obligations in the phase one trade deal signed in January. For the week, the Dow rose 2.67 percent to close at 24,331.32. The S&P gained 3.57 percent to finish at 2,929.80, and the NASDAQ climbed 6.05 percent to end at 9,121.32.

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Every day throughout America, parents, adult children, and spouses selflessly care for loved ones afflicted with illnesses, disabilities, traumatic injuries, or the effects of aging. According to a study by the National Alliance for Caregiving and AARP, approximately 43.5 million caregivers provided unpaid care to an adult or child over the previous year. About 34.2 […]

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With just some basic preparation, you and your financial planner could have your retirement fund trained to overcome obstacles with the grace of a champion pedigree.

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