As we look back on markets last week, we see mixed results, with none of the major domestic indexes gaining or losing more than 1%.[1] The S&P 500 was down 0.10% for the week, and the Dow gave back 0.39%, once again failing to reach 20,000.[2] On the other hand, the NASDAQ increased by 0.96% [...]
Algonquin Library is hosting a FREE workshop sponsored by Merlak Tax! January 24th at 7pm Harnish Location click link below to register We will cover the 10 most commonly over looked Tax deductions Register Here
Many of you share your opinions about the healthcare reform with us during tax season. Unfortunately due to our busy tax schedule we have very limited time to discuss these issue and concerns during your tax appointments. Did you know Merlak Tax has a Health Insurance Professional on staff all year long. Right now is [...]
Last week was mixed for the markets, as the Dow increased by 0.44%, while the S&P 500 lost 0.06%, the NASDAQ dropped 0.13%, and the MSCI EAFE gave back 0.55%.[1] We also saw a variety of data released, giving a similarly mixed view of recent economic activity. Retail sales and the Consumer Price Index showed [...]
IMPORTANT IRS TAX SEASON UPDATES Low to moderate income workers can earn special tax credit if they save for retirement. Please follow this link to see if you qualify https://www.irs.gov/uac/tax-preparedness-series-plan-now-to-get-full-benefit-of-saver-s-credit Age 70 ½ needs to make sure they take their RMD’s If you have moved please make sure you notify the following: IRS (Please [...]
During a week while many were thankful, the markets gave us much to be thankful for. Through the four-day trading week, the Dow gained 1.51%, the S&P 500 was up 1.44%, the NASDAQ added 1.45%, and the MSCI EAFE increased 1.26%.[1] What Happened This Week? The S&P 500, Dow, and NASDAQ hit all-time highs: For [...]
For the second straight week, the major domestic indexes all ended in positive territory: The S&P 500 was up 0.81%, the Dow increased 0.11%, and the NASDAQ added 1.61%.[1] While American indexes performed well, MSCI EAFE’s international equities declined 1.58%.[2] With the long, drawn-out presidential election behind us, investors are beginning to look past politics [...]
Last Tuesday, many Americans watched in great surprise as Donald Trump won our presidential election. Just that day, the New York Times had placed Hillary Clinton’s odds of winning at 85%,[1] based on a range of state and national polls. But, like the Brexit vote this past June, 2016 seems to be the year of [...]
We’re in the middle of an interesting moment for the markets, where short-term volatility and uncertainty might lead you to believe that the economy is faltering. After all, the major stock indexes lost ground this week, with the S&P 500 losing 1.94%, the Dow dropping 1.50%, the NASDAQ dipping 2.77%, and the MSCI EAFE declining [...]
At first glance, last week’s headlines may lead you to think that the markets are fluctuating more than they actually are. Yes, Hillary Clinton’s emails are in the news again (more on that below)—but despite that surprise, the major indexes stuck to the same range-bound performance we’ve seen for the past three months. The S&P [...]
