On this episode:
Millions of Americans got tax refunds that were smaller than they were expecting. But there’s a simple explanation: It was because of the Tax Cuts and Jobs Act, which doubled the standard deduction and removed a lot of exemptions. Listen to Ric Edelman explain what you can do to adjust your withholding to reflect the new law and maybe help avoid the problem of a big surprise next year.
This material was prepared for informational and/or educational purposes only. Neither Financial Engines Advisors L.L.C (also referred to as Edelman Financial Engines) nor its affiliates offer tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.
Major world events like a political crisis, war, natural disaster or terrorism can cause a massive disruption in the stock market. But, as history shows, losses in the market are usually short term and over the long term, the market recovers. Listen to Ric Edelman share examples from the Korean War to Brexit and explain why this time is no different.
An index is a portfolio of specific securities (common examples are the S&P, DJIA, NASDAQ), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.
Are you thinking of buying a house or refinancing? Now is a great time because a 30-year fixed-rate mortgage is 3.6 percent, down from 5 percent less than nine months ago. Listen to Ric Edelman explain how this drop in rates means you might be able to afford a whole lot more house than just a few months ago.
By the time he passed away, Ben Franklin was one of the wealthiest men in the country. He bequeathed about $119,000, adjusted for inflation, to Boston and Philadelphia, with instructions to lend the money at 5 percent to young apprentices to start businesses. Listen to Ric Edelman continue telling the story and share its unexpected conclusion.