We just completed the Boyd Wealth Management 2023 Economic Outlook breakfast, which was our 15th annual! In case you missed the event, Ryan and I recorded a brief video recapping the Outlook and going over our Asset Allocation Quilt, including our favorite slides from the presentation.
As an advisor, it can be hard to keep investors focused on what works in the long term when it seems everything is working in the short term. Diversification often looks overly prudent, especially near the end of a giant bull market. It's during these periods that diversification really proves its worth. Here are some examples of those high fliers and where diversification helps investors.
As another year-end fast approaches, here are nine impactful financial planning ideas to consider before we turn the calendar.
So far, 2022 has been a challenging year for both stocks and bonds. The Fed continues to aggressively raise its benchmark interest rate to combat inflation, leaving markets scrambling to adjust. However, higher interest rates do offer some good news for savers.
Many businesses are experiencing record profits these days, despite a tight labor market and softening economy. Offering a company-sponsored retirement plan can help reduce income taxes for business owners while also serving as a valuable retention benefit for employees.
Grace Groner was born in 1909 in Illinois and became an orphan at the age of 12. She attended Lake Forest College and, upon graduation, took a job at Abbott Laboratories, where she would work as a secretary for 43 years. She never married or had children. When she died in 2010 at the age of 100, she left behind an estate in excess of seven million dollars!