Published: Wed, 04 Aug 2021 13:33:01 +0000
Market Blog Wednesday, August 4, 2021 LPL Financial is so excited to kick off our annual Focus conference, with more than 10,000 attendees sharing ideas, learning, and having a great time over the next three days. Given the world we … Continue reading →
Published: Tue, 03 Aug 2021 15:58:25 +0000
Market Blog Tuesday, August 3, 2021 Most investors are aware that seasonal patterns exist in equities, but they may not be as familiar with the seasonal patterns in fixed income markets. As pointed out in the LPL Research Market Blog … Continue reading →
Published: Mon, 02 Aug 2021 17:00:29 +0000
Market Blog Monday, August 2, 2021 Index Performance View enlarged chart. U.S. and international equities In July, the U.S. major market indexes finished higher while international equities, as represented by the developed international markets (MSCI EAFE), and the emerging markets … Continue reading →
Published: Mon, 02 Aug 2021 15:30:06 +0000
Market Blog Monday, August 2, 2021 Hard to believe, but we are in August already! The good news is stocks are still firmly in a bull market, but the bad news is the calendar is a potential worry now. As … Continue reading →
Published: Fri, 30 Jul 2021 20:11:06 +0000
Market Blog Friday, July 30, 2021 Index Performance View enlarged chart. U.S. and International Equities Markets Reverse Course This Week; Growth Names Pullback The major markets finished the week lower, reversing course from the previous week. Some disappointing corporate guidance … Continue reading →
Published: Fri, 30 Jul 2021 15:58:08 +0000
Market Blog Friday, July 30, 2021 China’s stock exchanges have been hit hard in response to several sudden regulatory actions that have dismayed investors. First came the crackdown on ride sharing service DiDi, which has about a 90% market share … Continue reading →
Published: Thu, 29 Jul 2021 16:58:48 +0000
Market Blog Thursday, July 29, 2021 In the latest edition of LPL Market Signals, the LPL Research strategists discuss some of the biggest surprises of 2021, including the strong year-to-date performance for the stock market and surprising recent drop in … Continue reading →
Published: Thu, 29 Jul 2021 15:58:41 +0000
Economic Blog Thursday, July 29, 2021 Lofty expectations for second quarter gross domestic product (GDP) growth were left somewhat wanting as a decent headline number fell short of expectations. Peering under the hood, though, we think this is still a … Continue reading →
Published: Wed, 28 Jul 2021 15:58:10 +0000
Market Blog Wednesday, July 28, 2021 We had some fun with our latest LPL Street View video, as Director of Research Mark Zabicki and Chief Market Strategist Ryan Detrick went outside to shoot some hoops and talk about our upcoming … Continue reading →
Published: Tue, 27 Jul 2021 15:58:46 +0000
Market Blog Tuesday, July 27, 2021 The Federal Reserve (Fed) meets this week to discuss its ongoing support for the U.S. economy. During its regularly scheduled two-day meeting, the nineteen-member committee is expected to discuss if and when the Fed … Continue reading →
Published: Fri, 23 Jul 2021 20:01:13 +0000
Market Blog Friday, July 23, 2021 Index Performance View enlarged chart. U.S. and International Equities Markets Higher as Growth Leads The major markets finished higher this week after starting the week lower, with the Dow Jones off by over 2% … Continue reading →
Published: Fri, 23 Jul 2021 15:58:33 +0000
Economic Blog Friday, July 23, 2021 On Thursday, July 22, the Conference Board released its June 2021 report detailing the latest reading for the Leading Economic Index (LEI), a composite of ten data series that tend to lead changes in … Continue reading →
Published: Fri, 23 Jul 2021 14:58:16 +0000
Friday, July 23, 2021 Top Story Buy the dip Even after Monday’s big drop for stocks in the U.S., stocks have roared back and are now looking at a nice gain for the week. Here are some of the reasons … Continue reading →
Published: Fri, 23 Jul 2021 13:58:08 +0000
Market Blog Friday, July 23, 2021 Inflation is soaring and Jerome Powell still isn’t overly worried about it. In fact, he was grilled by Congress last week and held his ground on his inflation views. This week in the LPL … Continue reading →
Published: Thu, 22 Jul 2021 15:58:37 +0000
Economic Blog Thursday, July 22, 2021 In data we received on Tuesday, July 20, U.S. Housing Starts increased 6.3% in June to 1.64 million units, a 3-month high. By region, housing starts rose in the South and West, and in … Continue reading →
Published: Thu, 22 Jul 2021 14:58:23 +0000
Thursday, July 22, 2021 Top Story Housing Starts were higher than expected this week (Tuesday), but the lack of housing supply still remains a problem. Housing starts were up 6.3% in June; continuing a sharp post-COVID rebound. The building activity … Continue reading →
Published: Wed, 21 Jul 2021 15:58:51 +0000
Market Blog Wednesday, July 21, 2021 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 … Continue reading →
Published: Wed, 21 Jul 2021 14:58:53 +0000
Wednesday, July 21, 2021 Top Story Time for a more significant pullback or correction? Stocks have had an amazing run, but here are some things to consider. The S&P 500 Index hasn’t had a 5% pullback since last October, right … Continue reading →
Published: Tue, 20 Jul 2021 15:58:56 +0000
Market Blog Tuesday, July 20, 2021 The National Bureau of Economic Research (NBER) announced yesterday that the COVID-19 recession is over. If things don’t feel all that different, it’s because they announced the recession ended in April 2020. Yes, that’s … Continue reading →
Published: Tue, 20 Jul 2021 14:58:17 +0000
Tuesday, July 20, 2021 Top Story The shortest recession ever is over…15 months ago The National Bureau of Economic Research (NBER) announced yesterday that the economy bottomed in April 2020, making the COVID-19 recession the shortest on record and the … Continue reading →
Published: Mon, 19 Jul 2021 14:58:33 +0000
Top Story Earnings season off to a great start Beat rates have been outstanding so far with 85% and 90% of S&P 500 companies beating earnings and revenue targets. Second quarter earnings growth is tracking to a nearly 70% year-over-year … Continue reading →
Published: Fri, 16 Jul 2021 20:00:56 +0000
Market Blog Friday, July 16, 2021 Index Performance View enlarged chart. U.S. and International Equities Markets Mostly Lower As Utilities and Real Estate Gain Ground Most major markets sold off this week as Q2 earning season kicks off. Market participants … Continue reading →
Published: Fri, 16 Jul 2021 15:58:58 +0000
Economic Blog Friday, July 16, 2021 This week has provided investors with a fresh batch of data carrying the potential to heavily affect the inflation debate. Tuesday brought us the Consumer Price Index (CPI) for June, while Wednesday saw the … Continue reading →
Published: Fri, 16 Jul 2021 14:58:30 +0000
Friday, July 16, 2021 Top Story Retail sales came in solidly above expectations Retail sales for June increased 0.6% month over month, ahead of Bloomberg’s consensus forecast for a 0.3% decline and following a 1.7% decline in May. Excluding autos … Continue reading →
Published: Fri, 16 Jul 2021 11:58:27 +0000
Economic Blog Friday, July 16, 2021 Sentiment on Main Street remains strong as the U.S. economy continues to move towards normalcy, but concerns about the impact of a strong but uneven recovery are rising as higher prices, supply chain bottlenecks, … Continue reading →
Published: Thu, 15 Jul 2021 15:58:50 +0000
Market Blog Thursday, July 15, 2021 What a first half of 2021! As quick as it was, the economy continues to pick up speed as well. In fact, this could be one of the better years of economic growth we’ve … Continue reading →
Published: Thu, 15 Jul 2021 14:58:43 +0000
Thursday, July 15, 2021 Top Story Street View Midyear Outlook 2021 In the latest LPL Street View video, LPL Financial Chief Market Strategist Ryan Detrick takes a closer look at what the LPL Research team thinks is coming in the … Continue reading →
Published: Wed, 14 Jul 2021 18:13:27 +0000
Market Blog Wednesday, July 14, 2021 Index Performance View enlarged chart. U.S. and International Equities This quarter provided positive results for all major market indexes. The top performer and standout was the growth-laden Nasdaq composite, which returned over 9% for … Continue reading →
Published: Wed, 14 Jul 2021 15:58:04 +0000
Market Blog Wednesday, July 14, 2021 To state the obvious, coal mining is a dangerous occupation. Not only do coal miners have to deal with collapsing tunnels and explosions, they also have to deal with the potential for dangerous carbon … Continue reading →
Published: Wed, 14 Jul 2021 14:58:06 +0000
Wednesday, July 14, 2021 Top Story Canary In The Coalmine? The 10-year Treasury yield’s fall of over 40 basis points (0.40%) has many investors asking if the bond market is signaling bad news about the economic recovery. The absence of … Continue reading →
Published: Tue, 13 Jul 2021 16:00:29 +0000
Market Blog Tuesday, July 13, 2021 LPL Research is proud to announce the release of Midyear Outlook 2021: Picking Up Speed. While the speed can be exhilarating as economic growth accelerates, it can also be dangerous. Our updated outlook is … Continue reading →
Published: Tue, 13 Jul 2021 14:58:24 +0000
Tuesday, July 13, 2021 Top Story Midyear Outlook 2021 launches today. While the speed can be exhilarating as economic growth accelerates, it can also be dangerous. Midyear Outlook 2021: Picking Up Speed is designed to help you navigate the risks … Continue reading →
Published: Mon, 12 Jul 2021 14:58:28 +0000
Monday, July 12, 2021 Top Story What will companies do for an encore? After a stunning first quarter earnings season, we expect more good news this quarter. At the same time, we acknowledge the second quarter will almost certainly be … Continue reading →
Published: Fri, 09 Jul 2021 20:07:36 +0000
Market Blog Friday, July 9, 2021 Index Performance View enlarged chart. U.S. and International Equities Most of the U.S. and international markets were fractionally higher this week as traders were concerned about a potential peak in the global recovery, declining … Continue reading →
Published: Fri, 09 Jul 2021 16:00:05 +0000
Market Blog Friday, July 9, 2021 The S&P 500 Index closed at a record high on Wednesday, yet investors seem increasingly on edge with the VIX Index, a measure of implied volatility on the S&P 500, spiking nearly 40% week-to-date. … Continue reading →
Published: Fri, 09 Jul 2021 14:58:17 +0000
Friday, July 9, 2021 Top Story Is This the Start of a Correction? Despite the S&P 500 Index making a record high earlier this week, investors are clearly on edge with the CBOE Volatility Index (VIX) briefly spiking more than … Continue reading →
Published: Thu, 08 Jul 2021 17:00:51 +0000
Market Blog Thursday, July 8, 2021 We mix it up this week on the LPL Market Signals podcast and bring on LPL Research’s Director of Research Marc Zabicki to discuss what he has learned about investing and working with Advisors … Continue reading →
Published: Thu, 08 Jul 2021 16:18:22 +0000
Economic Blog Thursday, July 8, 2021 The June Institute for Supply Management (ISM) Services Index was a bit softer than expected (60.1 vs. the Bloomberg consensus estimate of 63.5), although the overall reading remained near multi-year highs. The June figure … Continue reading →
Published: Thu, 08 Jul 2021 14:58:28 +0000
Thursday, July 8, 2021 Top Story Yesterday’s Federal Open Market Committee (FOMC) meeting minutes showed Committee is split on tapering Some members pulled forward their expectations for the appropriate timing of tapering while others noted that the “further substantial progress” … Continue reading →
Published: Wed, 07 Jul 2021 15:58:14 +0000
Market Blog Wednesday, July 7, 2021 To quote the great Frank the Tank from Old School, “We’re going streaking!” Although Frank had another idea, stocks have been streaking in some historic ways, both near-term and longer-term. Let’s start with the … 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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