While the worst of the COVID-19 pandemic’s economic effects may look to be behind us, the best of the pumped-up growth resulting from lockdown recovery also appears likely to be in the rear-view mirror. At Bowen Asset Management, we expect the U.S. economy to return to more normal growth rates in the second half of Read more
What’s New, 72? How the Rules of Required Minimum Distributions Changed
It’s a good idea, no matter your age, to have a tax-advantaged retirement plan in place to provide financial security when you retire. This plan could take the form of an Individual Retirement Account (IRA), which allows you to make tax-deferred investments, or a 401(k) plan through an employer, which allows you to contribute a Read more
Financial Lessons Learned from the Pandemic
The coronavirus pandemic has been a challenge, affecting how we work, play, and interact. While individual situations surely differ, general financial lessons, which can help you better position and support yourself in the future, have emerged from the pandemic. Build Up an Emergency Fund Record numbers of people were laid off or furloughed at the Read more
Mind the Ceiling: The Debt-Limit Drama
The U.S. debt ceiling places a limit on the total amount of money the federal government is legally authorized to borrow to meet its existing obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. Once that ceiling is reached, Congress must decide to either increase Read more
Halftime Report: 2021 Mid-Year Outlook
With the 2021 economic year halfway done, we can say the U.S. economy is broadly on a path toward having a solid year of strong growth—but, as always, there will be bumps along the way. The effects of the COVID-19 pandemic remain; supply-chain disruptions are weighing on output, while the Delta variant of the coronavirus Read more
Mix It Up: Diversification in Investing
One of the keys to successful investing is learning how to weigh your comfort level with risk against your time horizon (the period in which investments are held). One way to balance risk and reward in your investment portfolio is to diversify your assets. Diversification is an investment technique designed to help reduce the volatility Read more