What All the Headlines Mean for Your Plan
Oil above $100 a barrel. The national debt past $40 trillion. The 10-year Treasury yield above 5% for the first time since 2002.
Oil above $100 a barrel. The national debt past $40 trillion. The 10-year Treasury yield above 5% for the first time since 2002.
My entire career has been spent working for CPAs or public accounting firms. I have sat in year-end meetings where my colleagues talk through which expenses their business clients could add before December 31 to bring their income down.
On July 30, 2020, the government reported that the U.S. economy had shrunk at a 32.9% annual rate in the second quarter, the biggest drop on record. It was a frightening headline.
Last year I was the target of a sophisticated scam in which callers claimed I didn’t show up for jury duty and told me to send them money. Come to find out, it’s a fairly common scam right now, and many people have been bamboozled by these intelligent scammers.
People who sell a business for eight figures are so rare that their friends and neighbors usually haven't done it either. When the biggest financial event of your life arrives, there may be no one at the dinner table who has been through it.
When you look at the strong market we have experienced since 2009, it’s hard to imagine a market like those we hear about in the past. It can seem like another lifetime.