With the investment outlook uncertain, as it is almost always, this chart is a reminder that crises have come and gone throughout modern history and $1 invested in the U.S stock market, as measured by the Standard & Poor’s 500 stock index, compounded at an annualized rate of 7% for 65 years ended December 31, 2022.
Prism Capital Management, a financial advisor in Mount Vernon, WA, is excited to announce the launch of their new website, PrismAdvisor.com. The financial world can be very complicated, and their website was designed to share resources and market updates with their perspective on some of the most popular financial issues.
Saving for retirement might be a little easier thanks to the SECURE 2.0 Act of 2022, which will bring changes to retirement savings rules and tax breaks. The spending bill, which was passed in Congress on December 23rd, amounts to almost $1.7 trillion and includes bipartisan retirement savings legislation. The new laws known as the SECURE 2.0 Act of 2022 will change the way Americans save for retirement starting as early as January 1st.
Despite six hikes in interest rates in the past eight months by the nation’s central bankers to end a vicious cycle of inflation, the U.S. economy created 263,000 new jobs in November. To be clear, after one of the most aggressive monetary tightening campaigns in over a century, the U.S. experienced above-average job growth in November.
A Federal Reserve Bank of Atlanta algorithm indicates the economy is experiencing spectacular growth this quarter, while a survey of leading economists indicates the economy currently is growing at a fractional pace.