What is Net Investment Income Tax? If you have taxable income over $200K, you may need to calculate net investment income tax when you prepare and file your tax return. This tax, which is a 3.8% surtax on the lessor of the total net investment income or the excess of modified adjusted gross income (MAGI) … Read more
The highly transmissible Delta variant of COVID-19 now makes up an overwhelming majority of the new cases in the U.S., bringing with it a rise in cases and hospitalizations. Widespread vaccine distribution and distancing measures have helped limit the variant’s impact, but we could still see some drag on economic growth as some restrictions are … Read more
Many prospective investors eventually shy away from a commitment when they hear the dreaded “R” word: risk. By itself, risk is innocuous, carrying no special meaning or predictive result. But the idea that investing one’s money is not foolproof; that there are risks involved, and that a return is speculative — the very idea is … Read more
Monday’s big down day was a harsh reminder of how markets actually can produce volatility. It was the worst day of the year for the Dow and only the second drop of 1% or more for the S&P 500 Index in just over two months. As we noted recently in Three Things That Worry Us, there … Read more
LPL Research Midyear Outlook 2021: Picking Up Speed is designed to help you navigate the risks and opportunities over the rest of 2021 and beyond. While the speed can be exhilarating as economic growth accelerates, it can also be dangerous. Midyear Outlook 2021 looks ahead for opportunities, but also watches for new hazards created by the reopening. … Read more
Markets are off to a strong start this year, with the S&P 500 Index up about 14% so far. However, most of those gains came early in the year, and many stocks have stagnated over recent months. While we remain overweight on stocks relative to bonds, this week we explore three things that worry us—and … Read more
The income tax benefits offered by 529 plans make these plans attractive to parents (and others) who are saving for college or K-12 tuition. Qualified withdrawals from a 529 plan are tax free at the federal level, and some states also offer tax breaks to their residents. It’s important to evaluate the federal and state … Read more
Inflation has been on the rise. Investors are not as interested in what’s happening now as they are in what’s happening next. Meanwhile, the Federal Reserve (Fed) shared its views at the conclusion of its last policy meeting on Wednesday, June 16. And while the Fed’s position that inflation is likely to be transitory has … Read more
Starting a family is one of life’s most rewarding experiences. However, it will also profoundly impact your financial picture, with a list of expenses that grows by the year. (One estimate pegs the total expenses for a child’s first 18 years at $233,610.)[1] As you begin planning for your first child, consider these key areas … Read more
As the U.S. population continues to age, the “sandwich generation” is caught in the middle, supporting both their parents and their children, whether financially, physically, or emotionally. This generation is the middle-aged generation supporting the baby boomer generation—now the largest generation ever. By 2035, one in three heads of households will be someone age 65 and older. The American population will have … Read more
Student loan debt statistics for the U.S. in 2021 show that 45 million borrowers owe almost $1.7 trillion in debt related to higher education.[i] For people entering the workforce out of college or those otherwise trying to balance student loan debt with mortgage or rent payments, auto loans, credit cards, and other expenses, the desire to … Read more
Rock legend and Black Sabbath front man Ozzy Osbourne revealed that he’s been diagnosed with Parkinson’s disease. In an appearance on Good Morning America, the now 71-year-old musician said he was diagnosed with the neurodegenerative disorder last February. “I feel better now that I’ve owned up to the fact that I have a case of … Read more
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