The S&P 500 Index set an all-time high on February 19. However, optimism quickly faded as investors grew increasingly concerned over trade policy and the economy. On March 13, the S&P 500 entered its first official correction since 2023, with the index down 10.13%. It’s the first correction since the second half of 2023. But […]
Stock Market Correction Read More »
Following the election, optimism surged amid the belief that the new President would follow through with plans to pare back regulations that stifle businesses and extend the tax cuts passed in 2017. From an investor’s perspective, so far, so good. But candidate Donald Trump also pledged that he would enact tariffs on countries he believed
Tariffs and economic uncertainty Read More »
An IRA, or Individual Retirement Account, is intended to assist you in saving for retirement. As the name implies, the account is for an individual. It cannot be held jointly with your spouse or another person. An IRA offers significant advantages, including: Tax advantages include tax-free growth on Roth IRA accounts and tax-deferred growth on traditional
Understanding the Ins and Outs of IRA Accounts Read More »
On Saturday, February 1, President Trump announced a 25% tariff on all goods imported from Mexico and Canada, and a 10% tariff on goods imported from China. Stocks sold off the following Monday morning but pared losses after Canada and Mexico made modest concessions and Trump delayed implementation of the tariffs for one month. Clients
Tariffs Bring Headline Risks; Progress Stalls on Inflation Read More »
What fueled the modest advance in the S&P 500 Index in January? Well, for starters, the narrative hasn’t changed that much since the calendar flipped to 2025. That is, with the exception of tariffs, which we will get to in a moment. Key Index Returns Index MTD % YTD % Dow Jones Industrial Average 4.7
Inflation, interest rates and tariffs Read More »
What is financial fitness? Briefly, financial fitness describes your overall financial well-being, akin to how physical fitness pertains to your physical health. The American Medical Association says, “Regular physical exercise is one of the single most important contributors to a healthy lifestyle and delivers benefits which extend far beyond the doctor’s office.” We aren’t doctors,
7 Steps to Achieve Financial Fitness Read More »
Tax season is here—are you ready? 📅💰 Now is the time to gather your tax documents, including W-2s, 1099s, and deductible expenses, to stay organized and maximize your refund. But taxes aren’t just a once-a-year task—they should be a key part of your overall financial planning! 💡🔍 By integrating tax strategy with financial planning, you
Tax season is here—are you ready? Read More »
Hello 2025! HWC Financial has been providing individuals and families with a level of financial expertise and service that has made us a valued—and trusted—partner. We specialize in meeting the needs of individuals and multigenerational families with complex planning needs. Our goal is simple: to understand the needs of each client, create strategies that address
Taxes, Taxes, and More Taxes – A Look at Some Critical 2025 Figures… Read More »