After a strong first quarter for stocks, some April showers rained down as the S&P 500 fell about 4% last month. Hopefully those showers will bring some flowers in May, despite the widely cited stock market adage, “Sell in May and go away.” There is some merit to this old adage because the S&P 500’s best six-month returns have, on average, come from November through April, and its worst between May and October (recall bear markets often end in October). Still, historically the index has gained an average of 1.8% from May through October — hardly worth avoiding.

As a small business owner myself, I am deeply passionate about supporting small businesses in every way that we can. Owning a business and navigating the financial complexities that come with it can be overwhelming and challenging, to say the least. In this blog post, we will explore the various ways in which our firm works with small businesses to help them succeed financially and reach new heights of prosperity.

Receiving a large tax refund can be a great feeling. For many people, it's the biggest check they receive all year. In fact, about 3 in 4 Americans receive a tax refund each year, with the average federal tax refund being $$3,167 in 2023. While it’s exciting to get a tax refund, it's important to remember that the money you got back was yours all along and that a refund is simply you getting the money back that you loaned Uncle Sam last year (interest-free, might I add). It can be tempting to spend the money on something fun, but it can also be a great opportunity to use the money to move your financial situation forward and get one step closer to reaching your goals!

The first quarter is in the books, and it was an excellent one for stocks. The S&P 500 index rode a resilient U.S. economy, easing inflation, rising corporate profits, and anticipation of summertime rate cuts from the Federal Reserve (Fed) to solid gains in March, the fifth straight winning month, and the best first quarter since 2019.

History suggests staying the course. Since 1950, the S&P 500 has risen 93% of the time in the 12 months following a five-month streak, with an average gain of over 12%. And down years are rare after strong first quarters. So, while stocks are due for a pullback, as the choppy start to April suggests, it’s extremely difficult to sidestep a 5–10% decline. It’s tough to make a case for a big drop — one that might make sense to try to avoid — because of healthy market fundamentals.

Transitioning to retirement is a significant life event filled with a mix of emotions, ranging from excitement about newfound freedom to uncertainty about the future. As you approach this milestone, careful planning and thoughtful consideration is crucial to ensuring a smooth and fulfilling transition. From managing finances to reimagining daily routines, navigating this shift requires a holistic approach that encompasses not only the practical aspects of retirement but also the emotional and psychological adjustments that come with this new chapter in life.

Women play an increasingly influential role in shaping economies and driving change. As we embark on a journey to explore the intersection of women, wealth, and wisdom, we are presented with a profound opportunity to delve into the unique financial challenges, successes, and aspirations of women around the globe. Join us as we navigate through crucial discussions, insights, and empowerment strategies aimed at helping women secure their financial futures with wisdom and confidence.

Strong starts to years tend to signal more gains ahead, so this calm market may not precede a storm. In fact, when the S&P 500 has been up in January and February, it has gained an average of 11% over the rest of the year and has been higher in 26 out of 28 cases.

Many tax-saving opportunities go unnoticed simply because people are unaware of them, or they find it difficult to keep up with the latest deductions, credits, and exemptions due to changes in tax laws. To help with this, we have compiled a list of the most commonly overlooked tax deductions that we typically see and that can help you save money on your taxes.

Stocks are off to a solid start in 2024. January gains are particularly enjoyable because of the old adage from the Stock Trader’s Almanac, “As goes January, so goes the year.” Nearly 75 years of historical data shows that when the S&P 500 has risen in January, the average gain for the remainder of the year has been about 12%. This January, the S&P 500 was up 1.6%.

While tax preparation may not be the most glamorous aspect of personal finance, it is undeniably crucial to ensure a smooth and stress-free financial journey. As we delve into tax season, understanding the intricacies of tax regulations, staying on top of changes, and implementing strategic financial planning will be key to optimizing your returns and minimizing headaches.

Stocks defied the skeptics in a very unpredictable 2023. The Dow Jones finished at an all-time record high on December 28, and the S&P 500 came within a whisker of a fresh all-time high after the index rallied more than 20% for the year

Setting realistic goals is key to achieving financial success. However, knowing which goals to prioritize and how to reach them can be difficult. Following through with the goals you set, can be even harder. How often have you set a goal with the best of intentions and then found yourself feeling defeated when you don’t quite stick to your plan? If this is you, know that you are not alone. This year, we are taking control of our finances rather than letting our finances control us. How do we do that?

Solid gains for both stocks and bonds gave investors a November to remember. As financial markets continue to defy skeptics, I’m reminded of a quote from Warren Buffett’s long-time partner and one of the greatest investors of our time, Charlie Munger, who passed away last week. “The world is full of foolish gamblers, and they will not do as well as the patient investors.” We couldn’t agree more at LPL Research. Patient investors have been rewarded in 2023 and will continue to be.

Your year-end tax planning should include a careful assessment of your business's financial health and your individual tax situation. It's not just about how much to contribute but also how these contributions align with your overall financial goals.

The Internal Revenue Service (IRS) has unveiled the contribution limits for 2024, and there are some significant changes in the world of retirement planning. These adjustments present fresh opportunities for you to enhance your retirement planning and move closer to achieving your financial goals.

Black Friday, one of the most anticipated shopping events of the year, brings with it a wealth of opportunities to make savvy purchases. Yet, amidst the rush for deals and discounts, the importance of responsible financial planning should never be overlooked. It’s important to take a strategic approach to Black Friday shopping – a way to secure the best deals without compromising your long-term financial health. Here are something you should consider before Black Friday…

Retirement planning can be a complex and challenging endeavor, but it's also a crucial one. To help you navigate this financial terrain and ensure your retirement years are as comfortable as possible, Sierra Muecke, our Founder and Lead Financial Advisor, shares her invaluable insights on retirement planning and Social Security benefits. With years of experience guiding clients towards financial security, Sierra's advice provides a clear roadmap for your journey to a worry-free retirement.

As we journey through life, we all hope for health and happiness. Yet, it's wise to prepare for life's uncertainties, particularly when it comes to the potential need for long-term care. Long-term care insurance can provide that peace of mind and financial security when the need arises. But selecting the right policy can be a complex task. This guide helps you navigate the intricate landscape of long-term care insurance to ensure you make a choice that aligns with your future needs and financial goals.

The end of the year means it is time for festivities and Holiday cheer! It is also time to prepare for a new year and to make sure you didn’t miss any important deductions that could help lower your tax bill for 2023. The clock is ticking but thankfully, we still have time, so read on to learn about the last-minute tax deductions you can still take.

The penultimate month of the year is often a time to reflect and offer thanks. And while economic and geopolitical uncertainty can overshadow the positives, there are things to be thankful for. Here is just some of what we’re thankful for, now that we’re in the second to last month of the year.