Market Recap – June 10, 2024

Market Recap – June 10, 2024

The unexpectedly strong 272,000 new jobs in May – compared to 165,000 added in April — and wages up 4.1% over the prior year surprised financial markets.  Treasury yields rose, U.S. stock prices were slightly negative, and expectations of Fed cuts in September...
5 Benefits of a 529 College Savings Plan

5 Benefits of a 529 College Savings Plan

There are many reasons to save for college using a 529 plan, including the potential for: Tax Benefits: Money deposited into a 529 plan grows tax-deferred and withdrawals made for qualified educational expenses are tax free when used for the designated beneficiary. In...
Market Recap – June 10, 2024

Market Recap – May 28, 2024

Last week’s economic and financial news was mixed, leaving financial markets generally unchanged from the prior week’s close.  The S&P 500 remains up 11.2% so far in 2024.  Minutes from the Fed’s April 30/May 1 meetings were more hawkish than expected given Chair...