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Monday, November 23, 2020

The Week on Wall StreetDespite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new infections and economic lockdowns.The Dow Jones Industrial Average fell 0.73%, while the...

 

Monday, November 16, 2020

The Week on Wall Street News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, though enthusiasm was tempered by reports of rising new infections and fresh...

 

Tuesday, November 10, 2020

While Thanksgiving became an official holiday in 1870, Americans have been taking part in this tradition of gratitude since the Pilgrims arrived on our shores. Since then, our country has experienced wars, depressions, natural...

 

Tuesday, November 10, 2020

When we think of retirement, our minds often go to two things: money and our dreams of our ideal retirement. But we often forget some things—namely planning for the transition into a new reality and the emotional and...

 

Monday, November 9, 2020

The Week on Wall Street Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies.The Dow Jones...

 

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Monday, November 2, 2020

The Week on Wall Street Stock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad. The Dow Jones Industrial Average slid 6.47%, while the Standard &...

 

Monday, October 26, 2020

The Week on Wall Street The failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly lower for the week. The Dow Jones Industrial Average fell 0.95%, while the Standard & Poor’s...

 

Monday, October 19, 2020

The Week on Wall Street Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.The Dow Jones...

 

Monday, October 12, 2020

The Week on Wall Street Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500...

 

Monday, October 5, 2020

The Week on Wall Street Stocks advanced last week, propelled by hopes that legislators may reach an agreement for a new fiscal stimulus package and optimism generated by a few corporate deal announcements and initial public offerings....

 

Monday, October 5, 2020

There’s a lot to love about living in the Slidell and Covington area—the friendly people, excellent education system, spread-out suburban feel, and easy access to New Orleans. After living and working in the area for 43...

 

Wednesday, September 30, 2020

The much-anticipated 2020 election is just around the corner, which means we’re hearing more about everything from international relations to immigration to, of course, the economy. Economic policies are common campaigning...

 

Monday, September 28, 2020

The Week on Wall Street Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new COVID-19 cases.The Dow Jones Industrial...

 

Monday, September 21, 2020

The Week on Wall Street Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.The Dow Jones Industrial Average declined 0.03%, while the Standard...

 

Monday, September 14, 2020

The Week on Wall Street Stocks traveled a volatile path last week as investors appeared concerned about the upcoming elections, an uncertain economy, and more delays with additional fiscal stimulus. The Dow Jones Industrial Average...

 

Friday, September 11, 2020

Did you know that the average medical bill for a heart attack is $20,246? (1) With a number this staggering, it’s no wonder people are more afraid of healthcare costs than sickness itself. (2) Thankfully, there are many ways to...

 

Tuesday, September 8, 2020

The Week on Wall Street A late week sell-off sent stocks broadly lower as investors took some profits after stocks reached all-time highs earlier in the week. The Dow Jones Industrial Average slid 1.82%, while the Standard & Poor’s...

 

Monday, August 31, 2020

The Week on Wall Street Stocks advanced relentlessly last week on positive COVID-19 developments, encouraging economic data, and a supportive policy shift in the Fed’s approach to its target inflation rate. The Dow Jones Industrial...

 

Monday, August 24, 2020

The Week on Wall Street Stocks powered to another week of gains as the S&P 500 and Nasdaq Composite set multiple new record highs along the way.The Dow Jones Industrial Average was essentially unchanged while the Standard & Poor’s 500...

 

Tuesday, August 18, 2020

Do you remember the days when you could give generously to others and get a nice tax break as an added benefit? Even if you didn’t donate money for the sole purpose of saving on your taxes, it was a nice perk come tax time....

 

Monday, August 17, 2020

The Week on Wall StreetStock prices drifted higher in an otherwise quiet news week, as a slowdown in new COVID-19 cases outweighed a Congressional impasse on a new fiscal-spending measure. The Dow Jones Industrial Average gained 1.81%...

 

Monday, August 10, 2020

The Week on Wall StreetOverlooking stalled efforts by Congress to pass a new fiscal stimulus bill, stocks marched higher last week with the Dow Jones Industrials leading the way and the NASDAQ Composite setting multiple fresh record...

 

Monday, August 3, 2020

The Week on Wall Street Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package.The Dow Jones Industrial Average slipped 0.16%, while the...

 

Monday, July 27, 2020

The Week on Wall Street Stocks slipped in the final days of trading last week on higher jobless claims and rising tensions in the U.S.-China relationship. The Dow Jones Industrial Average lost 0.76%, while the Standard & Poor's 500...

 

Monday, July 20, 2020

The Week on Wall StreetStocks were mixed last week as investors reacted to positive economic data, progress on a COVID-19 vaccine, and the continued nationwide increase in COVID-19 cases. The Dow Jones Industrial Average gained 2.29%,...

 

Friday, July 17, 2020

How’s your blood pressure as we reach the mid-year mark of 2020? If you have experienced whiplash from all the events of this year, you aren’t alone. And it all started with five letters and a number: COVID-19. While the...

 

Thursday, July 16, 2020

Traditionally, parents use 529 college savings plans to save for their child’s college education. But the 2017 Tax Cuts and Jobs Act made it possible for parents to use this account to pay for private K-12 school—up to $10...

 

Monday, July 13, 2020

The Week on Wall StreetStock prices notched solid gains last week, looking past an increase in COVID-19 cases and any potential economic concerns raised by the trend. The Dow Jones Industrial Average increased by 0.96%, while the...

 

Tuesday, June 23, 2020

We’ve all heard the saying “Hindsight is 20/20.” It shouldn’t be news to us that in the midst of a situation, it’s hard to see clearly, and that it’s only when you look back on it that you have a...

 

Wednesday, June 10, 2020

With the way this year has gone, you are undoubtedly experiencing some anxiety concerning your retirement plans. Although many things right now are out of your control, rest assured that there are some steps you can take to help curb...

 

Tuesday, May 26, 2020

Things are quickly changing these days. Every time there is a White House briefing or a state governor takes the mic, we brace ourselves for updates—updates that impact our daily lives in a significant way. To say this is a...

 

Saturday, May 9, 2020

The world is in crisis right now, and for many of us, our response has been to go into protective mode. And while it’s important for us to follow government guidelines to stay home and keep ourselves and those around us healthy,...

 

Thursday, April 9, 2020

We never expected 2020 would bring with it a global pandemic. Calling these days “uncertain times” sounds like an understatement—more like scary or downright panic-inducing. In the midst of unprecedented volatility...

 

Friday, April 3, 2020

There’s a lot going on right now. A lot of uncertainty. A lot of worry. A lot of fear. With the stock market tanking and unemployment skyrocketing, it’s normal to worry about your finances. The key is to worry about the...

 

Thursday, March 26, 2020

Every other day we hear about online security breaches experienced by major companies, from Yahoo to Equifax to Capital One, and even the IRS. Because we rely so heavily on the internet to conduct financial transactions and manage our...

 

Saturday, March 7, 2020

The number of Americans retiring has nearly doubled in the past 20 years with 10,000 people a day reaching age 65. (1) Are you getting close to that milestone too? If retirement is on the horizon for you, then Social Security is...

 

Friday, March 6, 2020

The financial markets took a big dip last week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days. Investors...

 

Friday, February 21, 2020

Even though women make up almost 47% of the workforce these days, (1) they face financial challenges not often faced by men. Women typically earn 85 cents of every dollar earned by men, (2) and they usually spend fewer years in the...

 

Thursday, February 20, 2020

There’s always excitement surrounding the turn of a new year, the anticipation of what is to come. And while not all changes are fun and exciting, it’s still critical to be aware of them, especially when it comes to your...

 

Friday, January 24, 2020

Are goals on your mind? It seems like you can’t do anything at this time of year without being asked about your New Year’s resolutions or seeing people post about their lofty plans for the future. For most of us, a new year...

 

Monday, January 20, 2020

It’s no secret that the American dream concludes with living out your golden years in a satisfying retirement. And there’s nothing more resourceful than your trusty 401(k) to help you inch closer to that goal. And if your...

 

Tuesday, January 14, 2020

If you’re reading this article, you are probably more financially literate than most. But that’s not the case for everyone, especially in America. While you don’t need to be an expert on the stock market, bond prices,...

 

Wednesday, December 18, 2019

By now you’ve learned that your finances can be affected in a variety of ways, both positively and negatively. And it doesn’t take much to create a domino effect. Even a seemingly small change, such as an increase in the...

 

Wednesday, November 27, 2019

What are the most important things in your life? Family? Health? A sense of purpose? While money may not top that list, it affects every part of your life and can give you the security and stability that positively impacts the things...

 

Wednesday, November 20, 2019

No one wants to live with regret, but many of us have made decisions that cause us to cringe when we look back on them, especially when it comes to money. But whether you wish you had worked harder in college or regret how much you...

 

Tuesday, October 29, 2019

Are you on track to reach your financial goals? Do you feel confident in your financial decisions? These are loaded questions, I know, but your answer can make or break your financial future. Organizing and managing your finances...

 

Friday, October 25, 2019

There’s plenty of financial jargon that you don’t need to know in order to succeed financially. But one term that is essential to your money and how it is handled is the word fiduciary. The concept can seem confusing to...

 

Thursday, October 3, 2019

You know that you contribute to Social Security each paycheck. You know that your benefits will supplement your income in retirement. And you may even know what your estimated monthly benefit will be. But what about everything you...

 

Tuesday, September 17, 2019

Out of sight, out of mind. That’s how most of us approach life insurance. You bought your policy and did your job of protecting your family, so you’re good, right? Maybe. But maybe not. Life insurance is not supposed to be...

 

Friday, August 16, 2019

Is it your idea of a pleasant afternoon to plan for your future demise? Probably not. Despite how uncomfortable this topic is to address, you’ll be doing your family a favor by getting your affairs in order before a tragic event...

 

Friday, August 2, 2019

You’ve been saving and planning for years, each day inching a little bit closer to retirement. The plan you developed with your financial advisor is solid. But are you really ready for retirement? Here are 5 unexpected threats to...

 

Thursday, July 18, 2019

If there’s one thing we can guarantee in life, it’s that there are no guarantees. Whether it’s a natural disaster, divorce, or a death in the family, life can be very unpredictable. And unexpected upheavals like this...

 

Friday, July 12, 2019

Whether it’s that we don’t want to think about our lives ending, feel that it doesn’t seem necessary, or believe it’s too costly, estate planning is one of those tasks that most of us continually put off. In...

 

Saturday, June 22, 2019

Having hit both record highs and record lows, it’s no secret that the markets have been a bit chaotic lately. Nevertheless, whether the markets steady or become increasingly erratic, there are two key facts vital to remember....

 

Wednesday, June 5, 2019

We all know that time flies, and 2019 has been no exception to that rule! Now that we’ve passed the halfway point of this year, how are the economy and markets faring following the tumultuous and exciting end to 2018? Let’s...

 

Friday, May 10, 2019

You may consider your life pretty risk free if you don’t do things like race cars or skydive. But the truth is, whether we are aware of them or not, we all take risks every day. And while taking risks is required in life and not...

 

Saturday, May 4, 2019

You may not chart your retirement account or review stock market updates regularly, yet chances are you still noticed that 2017 was a banner year for stocks. And 2018, while slightly more suspenseful, continued to doll out record highs...

 

Saturday, May 4, 2019

Located in southeastern Louisiana, Slidell, a friendly and quiet community surrounded by rivers and bayous, is a wonderful place to live. Nature lovers can enjoy the nearby Pearl River Wildlife Management Area, where locals go fishing,...

 

Wednesday, April 10, 2019

As a medical professional, you face plenty of challenges throughout your day. If you are a dentist, you may struggle to balance running the administrative side of your business with growing your patient list and continuing your...

 

Thursday, March 21, 2019

When you think about it, there are hundreds of insurance policies that cover anything and everything for all walks of life. There are policies that will cover travel plans. Or liability for a small business. Even pets are included in...

 

Tuesday, March 5, 2019

About one in six Americans are currently receiving Social Security benefits, most of them retirees. Born out of the need for a safety net during the Great Depression, it is now the major source of income for at least half of the...

 

Wednesday, February 20, 2019

Have you ever fought with your significant other about money? Even if arguments are rare, your relationship has probably felt the tension that finances can cause. A study from the American Psychological Association found that money was...

 

Friday, February 8, 2019

Everyone seems to be raving about these so-called “HSAs”: pre-tax contributions, tax-free growth, and tax-free withdrawals for medical expenses. It almost sounds too good to be true. There’s just one problem. Most...

 

Friday, February 1, 2019

It would be an understatement to say that many of us live fairly fast-paced lives. Our families and careers require much of our attention and by the time we get a chance to relax, we hardly feel like turning to our to-do lists. But...

 

Thursday, January 3, 2019

In our opinion, the benefits of establishing sound money habits and strong financial literacy at a young age are immeasurable. We believe that it should be a priority of every parent to teach their kids about money. No matter what...

 

Saturday, December 15, 2018

With the holiday season in full swing, our team at Harbor Wealth Management would like to take this opportunity to wish you and yours a happy holiday and a wonderful new year! We are grateful to have clients like you, and we appreciate...

 

Monday, December 10, 2018

If you’re like most Americans, you spend the month of December neck-deep in Christmas parties, shopping for gifts, and planning for travel. As a result, the last thing you want to think about is taking care of your finances. But...

 

Wednesday, November 28, 2018

Planning for retirement is arguably the most important financial action you will take in your life. Retirement planning is much more than just making sure you have enough money in the bank to pay rent and go on some trips in your...

 

Tuesday, November 20, 2018

Happy Thanksgiving from our team at Harbor Wealth Management! We want to take a moment to thank you for being a part of our family. We sincerely appreciate the trust you place in our firm, and we take our responsibility to you and your...

 

Wednesday, October 17, 2018

Do you ever feel overwhelmed when trying to choose a doctor, a contractor, or another business professional? How can you know if you’ll like them or work well with them? And with so many choices, how do you narrow it down to...

 

Friday, October 5, 2018

If you had to take a wild guess, how much money do you think you will need to have a comfortable retirement? If you guessed $1 million, you are on the same page as more than half of Americans who responded to a survey conducted by...

 

Tuesday, September 25, 2018

As a medical professional, planning for retirement can be frustrating. Sure, you make good money but you have a lot of debt to pay off and after getting through all your schooling, you’re about 10 years behind. If you understand...

 

Saturday, September 22, 2018

When the federal government created 401(k) plans, they wanted to make sure that they would benefit everyone. They were worried that some business owners might manipulate the system so that they and other key people could save for...

 

Wednesday, August 29, 2018

For many of us, saving for retirement is much like a Sudoku puzzle. Lots of numbers to digest and plenty of options. With 401(k), 457 and 403(b) plans out there, what’s a person to do? While this numbers game can be intimidating,...

 

Wednesday, August 22, 2018

As a physician at a local hospital, my wife has three different retirement account options available to her through her employer. While I think it’s great that they’re providing these avenues for their employees to save for...

 

Friday, July 20, 2018

We face risk every day and often go about our lives blind to it until the unexpected happens. But when it comes to your money, unexpected isn’t always good. Do you know how much risk you can handle in your investments? More...

 

Wednesday, July 11, 2018

When you look at your overall financial picture, what do you see? Do you have a unified, strategic, and focused portfolio with every piece of the puzzle working together to get you to a specific goal? Or, do you have a 401(k) here, an...

 

Thursday, June 14, 2018

When was the last time you felt guilty about making an extravagant, unplanned purchase? Have you ever felt sick to your stomach when an unexpected expense comes up? Or maybe you’ve let fear of failure keep you from investing or...

 

Friday, June 8, 2018

Imagine you had a magical afternoon with no plans. Would you fill that time by organizing your finances? Probably not, since four in ten Americans admit that they prefer not to think about money at all. (1) But when you don’t...

 

Friday, May 25, 2018

Have you ever made a decision, and then second guessed yourself when life situations changed? While it’s important to revisit goals and strategies for any part of your life, it’s even more critical for your finances. For...

 

Wednesday, May 2, 2018

Are you confident about your retirement prospects, or does a review of your savings leave you feeling anxious? According to the Employee Benefit Research Institute’s 2016 Retirement Confidence Survey, only 21% of American workers...

 

Thursday, April 12, 2018

Most of us know that we need to maximize our retirement savings so it lasts as long as we are alive. We also know that one of the ways to do this is to minimize debt so that we aren’t using our precious nest egg to pay off loans....

 

Thursday, April 5, 2018

When planning for the future, many people neglect to consider life insurance’s role in their financial strategies. Instead, they focus on growing their wealth and neglect to take the steps to protect and preserve their assets. In...

 

Saturday, March 24, 2018

We take risks every day, even if we don’t realize it. We may drive too quickly or leave something valuable in our cars or buy a new product without doing any research on it. It’s impossible to avoid risk, but when it comes...

 

Friday, March 9, 2018

Almost 62 million people depend on Social Security in one way or another. Born out of the Great Depression as a retirement safety net, it has grown to cover 96% of Americans. In 2017, the Social Security Administration paid out $955...

 

Wednesday, March 7, 2018

At Harbor Wealth Management, I help a lot of small business owners. In our meetings, we discuss the whole breadth of their challenges, worries, and dreams for the future. In fact, as a small business owner myself, I can really relate...

 

Tuesday, March 6, 2018

The markets took a big dip in early February, with the DOW losing 1,500 points for the first time in a single day and the S&P 500 down more than 4%. The CBOE Volatility Index, which measures fear in the market, saw its biggest one day...

 

Tuesday, February 6, 2018

Would you rather file your taxes or go without your phone for a week? If you dread tax season as much as 28% of Americans, you’d probably voluntarily give up your cell phone just to avoid it. But since taxes are inevitable, the...

 

Friday, January 19, 2018

If you followed the markets at all last year, you know that it was one of record highs. The Dow closed the year over 24,000 and the S&P 500 reached a high of over 2,700. (1) And then there’s the fact that we’re experiencing...

 

Thursday, January 4, 2018

On Wednesday, December 20, 2017, the House passed a tax bill, which will be signed into law by President Trump. Since the campaign trail, President Trump has promised tax reform and this bill entails a number of changes to the U.S. tax...

 

Wednesday, December 20, 2017

When’s the last time you purchased something without seeing it first or knowing what to expect? You most likely haven’t. You wouldn’t buy a car without seeing it first, nor would you purchase an insurance policy...

 

Wednesday, December 13, 2017

We know that time doesn’t slow down for anyone, but it’s hard to believe it’s almost 2018! The last few weeks of the year fly by, and while we all have enough on our plates, make sure you don’t let your finances...

 

Wednesday, December 13, 2017

This time last year, did you make any resolutions to put your finances first for 2017? If so, you’re not alone. Finance-related resolutions are the third most popular New Year’s resolution (following self-improvement and...

 

Friday, November 3, 2017

They say the only constant in life is change. On a regular basis, things in our lives change—some of which are beyond our control. The markets are volatile, our interests change, our families grow, a new job opportunity presents...

 

Thursday, October 19, 2017

If you’re like more than half of Americans, you are probably excited about your retirement years. (1) It’s a milestone that we often start thinking about as soon as we enter our working years, and many of us relish the idea...

 

Wednesday, September 6, 2017

A financial advisor can play one of the most prominent roles in a person’s life, forming a long-lasting relationship and providing trusted counsel. As a result, it can be incredibly overwhelming to find an advisor you trust and...

 

Wednesday, September 6, 2017

People often ask me why I entered this industry and became a financial advisor. Like many people, I didn’t grow up knowing what I wanted to be or what I wanted to do with my career. What I did know is that I enjoyed working with...