Trump Accounts: Take the Money and Run

Trump Accounts: Take the Money and Run The Trump Administration hopes that the new Trump Accounts will be a ‘path to prosperity’. These accounts are designed to be tool that helps families get a start on saving for education, and with no withdrawals allowed until kids are 18 years old, it can also provide a […]
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The Only Constant is Change

The Only Constant is Change When major tax or regulatory reform is enacted, it is always prudent to review the legislation to gauge how it might affect one’s financial well-being, either positively or negatively, and adjust accordingly. The changes recently passed in the One Big Beautiful Bill Act are far-reaching and it’s hard to imagine […]
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All In

All In The Big Beautiful Bill is a very big economic bet. We will leave the dissection of the bill and the various pros and cons and who wins and who loses to others. The big economic picture is that in order for debt relative ro GDP to decline, GDP growth needs to outpace growth […]
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Tick-Tock

Tick-Tock Tariff concerns went out the window as geopolitical turmoil took center stage. That may now be reversing. In just 11 days (July 9), the 90-day pause on reciprocal tariffs—which was the catalyst for the second quarter rally—theoretically ends. As you may recall, Liberation Day 1.0 was very unpleasant, will Liberation Day 2.0 be different? […]
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Bad Moon Rising

Bad Moon Rising Economist Herbert Stein, who was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford, is quoted as saying “If something cannot go on forever, it will stop.” For better or worse, it appears the Iranian nuclear program has reached that point. It has always been U.S. and Israeli […]
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Ball of Confusion

Ball of Confusion While driving and listening to oldies this week, the Temptations’ 1970 hit “Ball of Confusion” came on. All I could think was how fitting that song is for today! It’s always frustrating for forecasters to stare at counterbalancing indicators when trying to assess market direction. While the weight of these indicators tends […]
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Is Your 401(k) Going Digital?

Is Your 401(k) Going Digital? It might be. The pro-crypto Trump Administration has rescinded Biden-era guidance to employers to exercise “extreme caution” when considering the addition of cryptocurrencies, including meme coins and NFTs (non-fungible tokens), within 401(k) retirement plans. Most private retirement plans are regulated by the Department of Labor and have a history of […]
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