Published: Fri, 14 Jan 2022 21:02:02 +0000
Friday, January 14, 2022 Index Performance View enlarged chart. U.S. Markets Lower The major equity markets finished the week lower as concerns about inflation and higher interest rates continue to weigh on investors’ minds. A weaker than expected December retail … Continue reading →
Published: Fri, 14 Jan 2022 16:58:38 +0000
Friday, January 14, 2022 Over the past 10 years, no sector has been worse than the S&P 500 Energy sector. It has gained just 2.4% annualized over the past 10 years, the only sector without a double-digit return, and all … Continue reading →
Published: Thu, 13 Jan 2022 13:00:29 +0000
Thursday, January 13, 2022 Lately we’ve seen two things swirling that some investors think could hurt them down the road. The idea that higher yields and rate hikes are bad is all over the place, but it all might not … Continue reading →
Published: Wed, 12 Jan 2022 16:58:57 +0000
Wednesday, January 12, 2022 Inflation soared 7% in 2021 according to Consumer Price Index (CPI) data released this morning by the Bureau of Labor Statistics, as seen in the LPL Chart of the Day, its highest level since 1982. There … Continue reading →
Published: Tue, 11 Jan 2022 17:00:53 +0000
Tuesday, January 11, 2022 After negative returns for many fixed income sectors in 2021, the last thing fixed income investors wanted to see to start 2022 was more red, but that is unfortunately what happened. The Federal Reserve (Fed) meeting … Continue reading →
Published: Fri, 07 Jan 2022 21:27:01 +0000
Friday, January 7, 2022 Index Performance View enlarged chart. U.S. and International Equities Major Markets Lower The major equity markets finished the week lower, as concerns about inflation and interest rates intensified after the Federal Reserve’s (Fed) minutes were released … Continue reading →
Published: Fri, 07 Jan 2022 17:37:48 +0000
Friday, January 7, 2022 A disappointing jobs report against a messy backdrop of uncertain seasonal adjustments, diverging internal surveys, unknown future effects from the Omicron variant, and the expiration of the monthly child tax credit is unlikely to alter the … Continue reading →
Published: Thu, 06 Jan 2022 17:28:57 +0000
January 6, 2022 In this week’s Weekly Market Commentary (click here) we shared some lessons investors may have learned—or re-learned—in 2021 (LPL Research strategists included). One of those lessons was about how valuations are rarely good timing tools. That lesson … Continue reading →
Published: Wed, 05 Jan 2022 17:00:27 +0000
Wednesday, January 5, 2022 Here is one chart about Santa and five more charts (or tables) that caught our attention recently. Well, stocks did what they were supposed to do, which was gain during the historically bullish Santa Claus Rally … Continue reading →
Published: Tue, 04 Jan 2022 19:00:45 +0000
Tuesday, January 4, 2022 Index Performance View enlarged chart. U.S. and International Equities Equities finished December on a strong note as both the S&P 500 Index and the Dow Industrials rose over 4%. These markets took in stride higher COVID-19 … Continue reading →
Published: Tue, 04 Jan 2022 16:58:16 +0000
Tuesday, January 4, 2022 Fixed income investors aren’t used to negative total returns for core fixed income (as measured by the Bloomberg U.S. Aggregate Bond Index) but that is exactly what happened in 2021. Last year, rising interest rates were … Continue reading →
Published: Fri, 31 Dec 2021 20:05:32 +0000
Friday, December 31, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets in the Green The major equity markets finished the week higher, as the Santa Claus rally continued to take hold even amid concerns about the … Continue reading →
Published: Thu, 30 Dec 2021 17:08:26 +0000
Thursday, December 30, 2021 Here it is, our final blog of 2021, and what better topic than the blog itself and the readers who make writing it so rewarding. Our aim with the blog is simple: every day provide market … Continue reading →
Published: Wed, 29 Dec 2021 19:23:17 +0000
Wednesday, December 29, 2021 In today’s blog, we will take a look at some of the best charts and tables we shared all year. There are so many charts and tables that sum up how special 2021 was, but at … Continue reading →
Published: Tue, 28 Dec 2021 16:58:17 +0000
Tuesday, December 27, 2021 The municipal market has been a relative bright spot for core fixed income investors in 2021. While most of the other “safe” parts of the core fixed income universe have generated negative returns this year, the … Continue reading →
Published: Thu, 23 Dec 2021 19:07:34 +0000
Thursday, December 23, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets higher The major equity markets finished the week higher, as the Santa Claus rally took hold even amid concerns about the Omicron variant’s effects on … Continue reading →
Published: Thu, 23 Dec 2021 16:49:40 +0000
Thursday, December 23, 2021 As we head into the final week of a strong year for equities markets, we at LPL Research are thinking about the season of giving, to friends and loved ones as we wind down a difficult … Continue reading →
Published: Wed, 22 Dec 2021 17:00:56 +0000
Wednesday, December 22, 2021 “If Santa should fail to call, bears may come to Broad and Wall.” —Yale Hirsh December is widely known as one of the best months of the year for stocks, but most don’t realize that the … Continue reading →
Published: Tue, 21 Dec 2021 16:58:26 +0000
Tuesday, December 21, 2021 At the conclusion of last week’s Federal Reserve (Fed) meeting, the Fed released its dot plot, which showed the median forecast among officials is now for three rate hikes in 2022. Moreover, it showed eight rate … Continue reading →
Published: Fri, 17 Dec 2021 21:03:07 +0000
Friday, December 17, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Lower The major equity markets finished the week lower, reversing some of last week’s gains on the back of this week’s Federal Open Market Committee … Continue reading →
Published: Fri, 17 Dec 2021 16:58:44 +0000
December 17, 2021 For those of us who haven’t already started holiday vacations, we all know this was Federal Reserve (Fed) meeting week. In anticipation of how much investors would be focused on the Fed this winter, we put a … Continue reading →
Published: Thu, 16 Dec 2021 17:00:30 +0000
Thursday, December 16, 2021 The Federal Reserve (Fed) ended its two-day Federal Open Market Committee (FOMC) meeting yesterday and there were some notable shifts to monetary policy, although these shifts were largely expected by markets. After months of carefully communicating … Continue reading →
Published: Wed, 15 Dec 2021 17:00:14 +0000
Wednesday, December 15, 2021 As we head into the end of 2021, here are five charts that caught our attention. First up, last week was one of the best weeks of the year for stocks, and that could be a … Continue reading →
Published: Tue, 14 Dec 2021 15:58:49 +0000
Tuesday, December 14, 2021 The S&P 500 closed at a record high on Friday, but only two of its eleven underlying sectors could say the same. The first was technology, which as we noted last month, has been showing consistent … Continue reading →
Published: Fri, 10 Dec 2021 21:09:22 +0000
Index Performance View enlarged chart. U.S. and International Equities Major Markets Higher The major equity markets finished the week solidly higher, reversing last week’s declines. Traders took solace in the health reports that the effects of the Omicron variant may … Continue reading →
Published: Fri, 10 Dec 2021 16:58:35 +0000
Friday, December 10, 2021 The Consumer Price Index, the most well known measure of inflation, climbed 6.8% over the last year through November, according to data released today by the Labor Department. While in line with economists’ consensus expectation, that’s … Continue reading →
Published: Thu, 09 Dec 2021 17:10:39 +0000
Thursday, December 9, 2021 The U.S. Bureau of Labor Statistics (BLS) released its monthly Job Openings and Labor Turnover Survey (JOLTS) report this week revealing that the number of American workers who are voluntarily quitting their jobs may have peaked, … Continue reading →
Published: Wed, 08 Dec 2021 17:00:03 +0000
Wednesday, December 8, 2021 LPL Research is extremely excited about the release of Outlook 2022: Passing the Baton. You can see the interactive version of our Outlook here. In conjunction with the release of the Outlook, this week in the … Continue reading →
Published: Tue, 07 Dec 2021 16:58:55 +0000
Tuesday, December 7, 2021 After months of carefully communicating the Federal Reserve’s (Fed) plan to reduce its asset purchases toward the middle of 2022, Fed Chairman Jerome Powell seemingly sped up that timetable during his Congressional testimony last week. While … Continue reading →
Published: Tue, 07 Dec 2021 14:20:19 +0000
Tuesday, December 7, 2021 The entire team at LPL Research is so excited to announce the release of Outlook 2022: Passing the Baton. It is hard to put into words the amount of time and cross department organization it takes … Continue reading →
Published: Fri, 03 Dec 2021 21:02:21 +0000
Friday, December 3, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Lower The major equity markets finished the week lower. The markets continued to pull back following last Friday’s announcement concerning the new Omicron COVID-19 variant … Continue reading →
Published: Fri, 03 Dec 2021 17:00:31 +0000
Friday, December 3, 2021 The domestic economy added just 210,000 jobs during November, well below Bloomberg-surveyed economists’ consensus forecast for a gain of 550,000 and below October’s revised tally of 546,000. The net revision to prior months was positive but … Continue reading →
Published: Thu, 02 Dec 2021 16:58:01 +0000
Thursday, December 2, 2021 With recent concerns about Federal Reserve (Fed) policy and the Omicron variant, it’s easy to forget that we’re in a period of economic acceleration, although now with some added uncertainty. Yesterday’s manufacturing data confirmed that overall … Continue reading →
Published: Wed, 01 Dec 2021 20:42:02 +0000
Market Blog Wednesday, December 1, 2021 Index Performance View enlarged chart. U.S. and International Equities Equities finished November mixed as the S&P 500 and the Dow Industrials finished lower while the Nasdaq Composite gained over 0.3%. Investor concerns surrounding the … Continue reading →
Published: Wed, 01 Dec 2021 14:10:54 +0000
Market Blog Wednesday, December 1, 2021 Here comes December, historically a pretty solid month for stocks, but now we have the Omicron variant wreaking havoc on markets. “What a difference a week makes. A week ago stocks were at all-time … Continue reading →
Published: Tue, 30 Nov 2021 16:58:27 +0000
Tuesday, November 30, 2021 Financial markets tend to be relatively quiet the day after Thanksgiving but this year was a notable exception. With the news that a new COVID-19 variant—Omicron—had been discovered and is spreading quickly, prices of risk assets … Continue reading →
Published: Fri, 26 Nov 2021 18:08:39 +0000
Friday, November 26, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Lower The major equity markets finished the week lower as markets gave up ground Friday during a holiday-shortened trading session given new COVID-19 variant concerns … Continue reading →
Published: Wed, 24 Nov 2021 17:00:34 +0000
Wednesday, November 24, 2021 The big news this week was Jerome Powell will remain in charge of the Federal Reserve (Fed) for four more years, so we wanted to do a quick blog that looked at how stocks have done … Continue reading →
Published: Tue, 23 Nov 2021 16:58:40 +0000
Tuesday, November 23, 2021 President Biden officially nominated Chairman Jerome Powell to a second four-year term as Chairman of the Federal Reserve (Fed) and elevated current Fed Governor Lael Brainard to Vice Chair of the Committee. Before the announcement, there … Continue reading →
Published: Fri, 19 Nov 2021 21:05:20 +0000
Friday, November 19, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Mixed The major equity markets finished the week mixed as inflation worries continued to play a role in investors’ minds amid an excellent third quarter … Continue reading →
At your death, you leave behind the people that you love and all your worldly goods. Without advance planning, you have no say about who gets what, and more of your property may go to others, like the federal government, instead of your loved ones. If you care about (1) how and to whom your property is distributed, and (2) ensuring that your property is preserved for your loved ones, you need to know more about estate planning.
There are five estate planning documents you may need, regardless of your age, health, or wealth:
A durable power of attorney (DPOA) can help protect your property in the event you become physically unable or mentally incompetent to handle financial matters. If no one is ready to look after your financial affairs when you can't, your property may be wasted, abused, or lost.
A DPOA allows you to authorize someone else to act on your behalf, so he or she can do things like pay everyday expenses, collect benefits, watch over your investments, and file taxes.
There are two types of DPOAs: (1) an immediate DPOA, which is effective immediately (this may be appropriate, for example, if you face a serious operation or illness), and (2) a springing DPOA, which is not effective unless you have become incapacitated.
Caution: A springing DPOA is not permitted in some states, so you'll want to check with an attorney.
Advance medical directives let others know what medical treatment you would want, or allows someone to make medical decisions for you, in the event you can't express your wishes yourself. If you don't have an advance medical directive, medical care providers must prolong your life using artificial means, if necessary. With today's technology, physicians can sustain you for days and weeks (if not months or even years).
There are three types of advance medical directives. Each state allows only a certain type (or types). You may find that one, two, or all three types are necessary to carry out all of your wishes for medical treatment. (Just make sure all documents are consistent.)
First, a living will allows you to approve or decline certain types of medical care, even if you will die as a result of that choice. In most states, living wills take effect only under certain circumstances , such as terminal injury or illness. Generally, one can be used only to decline medical treatment that "serves only to postpone the moment of death." In those states that do not allow living wills, you may still want to have one to serve as evidence of your wishes.
Second, a durable power of attorney for health care (known as a health-care proxy in some states) allows you to appoint a representative to make medical decisions for you. You decide how much power your representative will or won't have.
Finally, a Do Not Resuscitate order (DNR) is a doctor's order that tells medical personnel not to perform CPR if you go into cardiac arrest. There are two types of DNRs. One is effective only while you are hospitalized. The other is used while you are outside the hospital.
A will is often said to be the cornerstone of any estate plan. The main purpose of a will is to disburse property to heirs after your death. If you don't leave a will, disbursements will be made according to state law, which might not be what you would want.
There are two other equally important aspects of a will:
Keep in mind that a will is a legal document, and the courts are very reluctant to overturn any provisions within it. Therefore, it's crucial that your will be well written and articulated, and properly executed under your state's laws. It's also important to keep your will up-to-date.
A letter of instruction (also called a testamentary letter or side letter) is an informal, non-legal document that generally accompanies your will and is used to express your personal thoughts and directions regarding what is in the will (or about other things, such as your burial wishes or where to locate other documents) . This can be the most helpful document you leave for your family members and your executor.
Unlike your will , a letter of instruction remains private. Therefore, it is an opportunity to say the things you would rather not make public.
A letter of instruction is not a substitute for a will. Any directions you include in the letter are only suggestions and are not binding. The people to whom you address the letter may follow or disregard any instructions.
A living trust (also known as a revocable or inter vivas trust) is a separate legal entity you create to own property, such as your home or investments . The trust is called a living trust because it's meant to function while you're alive. You control the property in the trust, and, whenever you wish, you can change the trust terms, transfer property in and out of the trust, or end the trust altogether.
Not everyone needs a living trust , but it can be used to accomplish various purposes. The primary function is typically to avoid probate. This is possible because property in a living trust is not included in the probate estate.
Depending on your situation and your state's laws, the probate process can be simple, easy, and inexpensive, or it can be relatively complex, resulting in delay and expense. This may be the case, for instance, if you own property in more than one state or in a foreign country , or have heirs that live overseas.
Further, probate takes time, and your property generally won't be distributed until the process is completed. A small family allowance is sometimes paid, but it may be insufficient to provide for a family's ongoing needs. Transferring property through a living trust provides for a quicker, almost immediate transfer of property to those who need it.
Probate can also interfere with the management of property like a closely held business or stock portfolio. Although your executor is responsible for managing the property until probate is completed, he or she may not have the expertise or authority to make significant management decisions, and the property may lose value. Transferring the property with a living trust can result in a smoother transition in management.
Finally, avoiding probate may be desirable if you're concerned about privacy. Probated documents (e.g., will, inventory) become a matter of public record. Generally, a trust document does not.
Caution: Although a living trust transfers property like a will, you should still also have a will because the trust will be unable to accomplish certain things that only a will can, such as naming an executor or a guardian for minor children.
Tip: There are other ways to avoid the probate process besides creating a living trust, such as titling property jointly.
Caution: Living trusts do not generally minimize estate taxes or protect property from future creditors or ex-spouses.
VyStar Investment Services can help you achieve your estate planning needs and help you seek professional help from an attorney or financial advisor will help you understand the strategies that are available to formulate and implement your estate plan.
Call us today at (904) 908-2495 to schedule a no cost, no obligation consultation or send us an email VISMarketing@vystarcu.org.
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