Stock Market And Political Risk
b"In this episode of the Planned Solutions Incorporated Podcast, With the mid-term elections around the corner, there is a lot of noise about the risks that it could pose to the markets and the economy. Much of this is political rhetoric as both parties make their case for political power or attack the other in an attempt to get their base excited to vote. However, the data shows that midterm elections have not been the big political risk some are trying to make it out to be and, in fact, have led to positive market returns over the next year regardless of the outcome. \\n\\nAlso, 2022 has been a year in which investors have shunned investments to instead focus on spending for consumption. This explains why consumer prices are up and investment prices are down.\\nHowever, it may also create an opportunity for those with a contrarian mindset who are willing to limit consumption at high prices and instead invest the savings to take advantage of today\\u2019s\\nlower investment prices. \\n\\nAnd, Family gifts or loans may be a good way to help the next generation get a financial head start in life. However, gifts as\\nwell as loans, whether with interest or interest-free, may\\ncreate additional tax filing requirements as well as additional taxable income that the lender may have to report on their income tax returns. \\n\\nPlus a look at the Planned Solutions Incorporated Office Bulletin Board- Applications to apply for student loan forgiveness are now being accepted at www.studentaid.gov. This process is still in beta mode which means there may be some hiccups in completing the required information and uploading the required documents. Student loan forgiveness is not expected to actually take place until the end of April 2023, however, those who are inclined may want to start working on the application now to be at the front of the line\\n\\nSome clients, as well as some of us at Planned Solutions, have received paperwork from Securities America related to their privacy policy. The accounts that they are referencing were closed in 2018 when we transitioned to Schwab as our primary custodian, so it is unclear why they continue to send out these notices. Therefore, these notices, as well as the statements showing zero balances that they send occasionally, may be ignored.\\n\\nThe Planned Solutions Charity Golf Tournament was postponed this year due to extreme heat. Fortunately, we were able to postpone the date to a time when it should be much cooler. \\nThe new details are:\\nDate: Friday, November 11, 2022\\nTime: 11:00 am shotgun tee time (moved up due to daylight savings)\\nWith the change in the date, there is still time to sign up to golf or attend the dinner afterward.\\nThe new deadline to RSVP is November 4th. This is the 20th year of the tournament so we are going all out with giveaways, raffle prizes, silent auction items, and other fun activities. We hope to see you there.\\n\\nChase Armer's book- Financial Planning Insights is now available at:\\nwww.amazon.com/Financial-Planning\\u20261586894022&sr=8-1\\n\\nTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com\\n\\nThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.\\n\\nPlanned Solutions, Inc."