Market Update: July 2024
At the FOMC meeting in mid-June, the story was the drop in expectations for multiple rate cuts in 2024 to potentially only one rate cut later in the year. However, positive data around inflation and labor markets appears to have counteracted market pessimism about the cautious nature of the Fed’s messaging. As we hit the […]
Multi-generational planning: Protect your parents, your children, and yourself
Many people worry about what will happen to their parents as they age, and that’s before you add their finances (and yours) into the mix. It’s uncomfortable think about aging and death, and talking about money can be difficult to boot. The difficulty of these conversations makes them easy to put off, which can lead […]
3 Travel Tips for Better Vacations
Summer and vacation go together like peanut butter and jelly. More than 80% of vacation over the summer according to annual surveys from travel site The Vacationer. While vacations are (mostly) about fun and family, there are a few financial planning elements to consider. Here are the three topics we bring up with clients ahead […]
Third year’s the charm: Quorum is three!
They say the third time’s the charm, and while we can’t say year three is better than years one or two, our third year in business has been charming indeed. After going bicoastal and adding to our Quorum in year two, we spent year three focusing on financial education and professional excellence so we can […]
Make the Most of Your Teen’s Summer Job
For teens, summer jobs are a rite of passage. For parents, summer jobs are a fantastic opportunity to teach kids about hard work, budgeting, saving, taxes, and investing. Many kids will have an easier time focusing on financial concepts when it’s their money on the line. In this article, we’ll walk through the various lessons […]
June 2024 market update
May saw a return to more confidence in the economy and the markets. The Fed met early in the month, and Chairman Powell managed to curb market pessimism by stating that it was unlikely that the Fed’s next move would be a rate hike. The reversal of the upward mini-trend of inflation in February and […]
How to organize (and protect) your finances
Organizing your financial documents can do more than help you stay on top of your day-to-day finances. It can also help protect your family in case of an emergency. It’s normal to accumulate a significant amount of documentation—both physical and digital—over time. However, if you don’t have a system to store or organize these documents, […]
Taxes could increase in 2026: Are you prepared?
On January 1, 2018, the 115th Congress succeeded in pushing through one major piece of legislation before disbanding: the Tax Cut and Jobs Act (TCJA). The new law, which was co-sponsored by then-Speaker of the House Paul Ryan, adjusted tax rates and brackets, doubled the standard deduction, limited popular itemized deductions, and increased the lifetime […]
What you can do with your bonus
Getting a bonus tends to be a great feeling—you worked hard for it, after all. Getting strategic about how you spend your bonus can help it work hard for you. Here are six ways to put your bonus—or any sudden influx of cash—to work. #1: Pay down high-interest debt If you have high-interest debt, consider […]
May 2024 Market Update
April had it all, and most of it was not so great. Inflation is proving sticky again, which forced the market and the Fed to reassess the timing of interest rate cuts. Conflicts intensified in Ukraine and the Middle East, and in the U.S., protests on college campuses hit a crisis point as police were […]