Join us for the next edition of our monthly series where each of our team members at TFP share something their reading that we think you might enjoy too.
Bob Heykoop’s Choice: Dr. David Kelly – The Wide and Foggy Road
Dr. David Kelly of JP Morgan Chase does a good job sharing his insights of where we find ourselves from an economic perspective as well as a look ahead into the fog.
Evan Barnes’ Choice: LPL Weekly Market Commentary – How’s it Going? Depends on Who You Ask.
The Federal Reserve has been trying to curb inflation by increasing the Federal Funds Rate, effectively trying to slow down the economy. The economy would slow because higher interest rates make it harder to access capital and borrow money. The problem the Fed is running into is, the historically low interest rate policy prior to the most recent increase cycle, allowed borrowers, especially home borrowers to refinance and lock in lower fixed rates keeping monthly payments down. Thus, more people have more money to spend, making inflation sticky. In LPL’s May 20th Weekly Market Commentary, they dive into this topic and draw attention to the stark difference between owning a home and renting.
Drew Barnes’ Choice: First Trust – Keep Politics Out of Investing
With election season coming into full swing, we are frequently asked if we should make adjustments to a portfolio depending on who wins. This piece by First Trust Economics illustrates how it is best to keep politics out of investment decisions and that corporate profits is what truly drives stock market returns.
Ryan McNamee’s Choice: Kiplinger – Tax-Smart Strategies for Account Withdrawals
An important part of retirement planning is determining when and how to take distributions from IRAs and other tax-deferred accounts. This article by Sandra Block discusses some of the tax implications and strategies to consider when planning for income in retirement.
*Certain information contained herein has been obtained from third party sources and such information has not been independently verified by TFP. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by TFP or any other person. While such sources are believed to be reliable, TFP does not assume any responsibility for the accuracy or completeness of such information. TFP does not undertake any obligation to update the information contained herein as of any future date.
