Business/Economic News Archives - Page 4 of 14 - North Light Financial Services

Everyone is Talking About Bitcoin

Everyone Is Talking About Bitcoin But when will the cryptocurrency bubble burst? Investors are excited about bitcoin perhaps too excited. Their fervor is easy to understand. On December 18, bitcoin closed at $17,566. Back on September 22, bitcoin was valued at only $3,603.1 Yes, you read that correctly the price of bitcoin jumped nearly 500% in three months. Thanks to this phenomenon, investors everywhere are asking if they should buy bitcoin or invest portions of their retirement funds [...]

By info@northlightfinancialservices.com|2018-02-26T10:29:27-05:00February 15th, 2018|Business/Economic News|Comments Off

Congress Passes the Tax Cuts & Jobs Act

Congress Passes the Tax Cuts & Jobs Act What will the near-term impact be? On December 20, Congress passed the Tax Cuts & Jobs Act, sending the final version of the GOP tax reform bill to President Trump’s desk. The legislation alters the Internal Revenue Code to a degree unseen since the 1980s, altering income tax brackets, marginal tax rates, key deductions and exemptions, and the taxation of corporations and pass-through businesses. These are just some of the adjustments.1 How [...]

By info@northlightfinancialservices.com|2018-01-03T13:34:55-05:00January 3rd, 2018|Business/Economic News, Income Taxes|Comments Off

The Importance of Financial Literacy

The Importance of Financial Literacy Too few Americans understand personal finance fundamentals. If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure. Are most people clueless about financial matters? That depends on what gauge you want to use to measure financial knowledge. The U.S. ranked fourteenth in Standard & Poor’s 2015 Global Financial Literacy Study, with just [...]

By info@northlightfinancialservices.com|2017-09-11T08:42:35-04:00September 5th, 2017|Business/Economic News, Investing, Personal Finance|Comments Off

What You Need to Know About the Fiduciary Rule

What You Need to Know About the Fiduciary Rule A quick look at the changes coming for retirement accounts. Rules are changing concerning investment professionals and retirement accounts. In the eyes of many, the change is good. The “fiduciary rule” is going into effect in June. This Department of Labor rule stipulates that any financial industry professional who makes investment recommendations to participants in qualified retirement plans in exchange for compensation will be considered a fiduciary. What does all that [...]

By info@northlightfinancialservices.com|2017-07-13T12:01:16-04:00July 6th, 2017|Business/Economic News, IRA, IRA Rollover|Comments Off

Keep Calm, Stay Invested

Keep Calm, Stay Invested Expect more volatility, but avoid letting the headlines alter your plans. Recent headlines have disturbed what was an unusually calm stock market. The political uproar in Washington may continue for weeks or months, and it could mean significant, ongoing turbulence for Wall Street. As an investor, a retirement saver, how much will this turmoil matter to you in the long run? Perhaps, very little. There are many good reasons to remain in the market. The earnings [...]

By info@northlightfinancialservices.com|2017-07-13T11:54:10-04:00June 29th, 2017|Business/Economic News, Investing, Stock Market|Comments Off