Covenant Wealth Strategies Blog

To express our heartfelt appreciation, we’ve continued our tradition of giving back to the community this year by supporting organizations that are making a positive difference.

As we approach the end of 2024, it's relevant to discuss the "Santa Claus Rally"—a well-known phenomenon where the stock market's tendency to rise during the last five trading days of December and the first two of January. 

The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.

12/3/24 - It's always a good time to plan for your financial future. As the upcoming new year approaches, it provides a good reason to consider the new contribution limits for retirement plans and health savings accounts (HSAs) in 2025.

11/14/24 - For those who are charitably inclined and/or are subject to Required Minimum Distributions (RMD), it is important to note that the year-end deadline is just around the corner. 

10/23/24 - In his role as an Investment Assistant, Kyle is supporting our growing team with investment research, trading and due diligence. 

10/18/24 - The S&P 500 bull market recently turned two, clocking in an impressive 63% two-year gain (excluding dividends)!

10/8/24  - In honor of our clients, and with a deep sense of gratitude for the abundance we’ve been blessed with, our team and their families at Covenant Wealth Strategies have collectively donated to Convoy of Hope and Samaritan’s Purse to support relief efforts associated with Hurricane Helene and Milton.

We've compiled a number of relevant Medicare resources on one page to outline the significant changes to Medicare this year and to help you understand your options.

10/4/24 - The U.S. economy added 254,000 jobs in September, higher than the annual monthly average of 203,000 and the expectation of 150,000 new jobs. This is good news for the economy as it signals the labor market is steady. 

10/2/24 - We've outlined some practical applications and potential market implications related to the recent rate cut by the Fed. 

9/20/24 - The Federal Reserve made the decision to reduce interest rates on Wednesday, September 18th by half a percentage point, or 50 basis points.

9/19/24 - In his role as a Client Concierge, he will be primarily supporting our operations by assisting clients with account opening and servicing, including: monitoring transfers, responding to client inquires and handling service requests.

The Social Security Administration (SSA) has created a new login portal this year for users to access their online information.

The recent massive Social Security data breach could potentially leave millions of Americans vulnerable after Social Security numbers and other personal information were compromised.

8/6/24 - Despite global conflict and emerging weaknesses in the labor market, Q2 earnings have been strong, with about 75% of S&P 500 companies reporting positive results. 

7/25/24 - As we reach the second half 2024, a sense of persistence defines the economic and market landscape. We encourage you to read LPL's 2024 Midyear Outlook for additional economic insights.

Pat and Miles will be primarily supporting advisors with client strategy sessions, financial planning and operations.

Did you know that May 29th is recognized as National College Savings Day? This day was designated to highlight the importance of early financial planning for education through mechanisms like 529 plans. 

Financial planning for business owners is a necessity that underpins the stability and growth of both the business and the personal lives of the owners. 

In honor of this significant milestone, we'd like to extend our heartfelt congratulations to all the graduates and offer some valuable financial guidance as they embark on this exciting journey. 

Presidential elections can be divisive and unsettling. At times, the fate of the world seems to hang in the balance. When it comes to investing, do elections really matter all that much?

More than a third of U.S. adults worry they won’t save enough by retirement, student-loan debt is measured in the trillions and almost half of American adults say they lack enough money for emergencies.

4/18/24 - The annual ranking spotlights the nation’s top-performing advisors.

Marc Milstein, a neuroscience researcher, provides insights on how we can keep our brains healthy as we age.

4/12/24 - First quarter earnings season kicks off this week and has the potential to move the market.

3/28/24 - The unfortunate reality is that the majority of wealth transfers tend to fail. We encourage you to watch the video replay and refer to the resources further below from our recent event to become familiar with the planning steps you can take to help avoid these common and costly mistakes.

3/19/24 - The range of historical returns is wide for stocks and bonds, and both have tended to do well when the Fed has started cutting rates.

3/15/24 - We are excited to share Issue 1 of our 2024 Stone Barn Times, highlighting team news, information from past events, along with upcoming events and more

Passing on wealth is not just about getting financial assets to the next generation. It’s also about passing on what you think is important and avoiding damage to your heir's relationships with each other. 

2/16/24 - The stock market experienced solid gains last week, concluding the trading week on a positive note.

Their stories are truly inspiring and a testament to the unwavering dedication, proactive concierge service and genuine care that our team at Covenant Wealth Strategies provides.