With Labor Day Weekend well behind us, most of the country will be hanging onto every bit of summer that they can. In the North East this past weekend, the colder weather drifted in and it was likely the first Sunday where many of us forgot what a beach is, parked our butts on the couch and kicked up our feet for a Sunday full of sports. The PGA hosted a delayed US Open and the National Football League welcomed in a wild Week 2 with not a single positive COVID test from Week 1. Maybe life is returning to normal…
TikTok, known in China as Douyin, is a video-sharing social networking service that has a forced deadline ahead with potentially long-lasting political and economic implications.
Growing older is one of those things that happens to everyone but most of us are too busy dealing with what is going on now to give it much thought. Successful aging requires not only being financially prepared but also assessing and adapting to the physical and mental challenges that may occur over time. It also requires acting early, planning to discuss and anticipate common aging-related life challenges, and making sure all legal documents are in place.
Change is in the air. After nearly 100 years, Exxon Mobil is being removed from the Dow Jones Industrial Average, along with Pfizer and Raytheon Technologies. Newcomers are biotech giant, Amgen, manufacturing conglomerate, Honeywell, and enterprise software giant, Salesforce.com. These index changes are fairly common, however this one is particularly interesting and brings into question why the heck the Dow became so popular in the first place.
For anyone that has seen the Oscar nominated movie, Ford vs. Ferrari, you know how this tale worked out. Situated in the 1960s, Ford’s product line was called into question and their inability to compete on the racetrack was turned into motivation for what eventually created the GT40. If you have not seen it, well… we won’t spoil it for you as it’s a worthwhile Quarantine movie.
At Withum Wealth Management, we recognize the fact that Federal tax reform has escalated the cost of living in New Jersey, New York, Connecticut, and Illinois, among other states.
In the early months of 2020, the economy was in a seemingly good state. However, due to COVID-19, the S&P 500 index saw its quickest decline in history. Although economic data remains weak, the stock market is surging.
Investing is challenging to begin with, but even more so when there is a global pandemic at hand, and an economic shock unlike anything we have seen in nearly 100 years.
Jim Ferrare, CFA®, CPA, a Wealth Advisor and Managing Principal, recently published an article on The Robo v. Human Advisor Debate for the May/June 2019 edition of the New Jersey CPA Magazine.