Share to Twitter Share to Linkedin A partnership has claimed the $1.34 billion Mega Millions lottery prize jackpot of July 29, 2022, the Illinois Lottery announced Wednesday, September 21. The winners opted to remain anonymous (Illinois is a state that permits lottery-winner anonymity for those who win prizes of $250,000 or more ) and chose to take the lump-sum pre-tax payment of $780.5 million instead of annual payments over 30 years, according to the Illinois Lottery. As I mentioned in my previous lottery story , the winners had faced a deadline of 60 calendar days (in this case, Sept. 27) to decide if they wanted the cash option as opposed to the long-term payout, according to the Illinois Lottery Winners’ Handbook . Just for fun, let’s assume you were one of the winners. You Won $780.5 Million Pre-Tax: Now What? For any winner of a large lottery, there is the big question: How do you find the right kind of expertise to manage … [Read more...] about Are You The July 2022 Mega Millions Lottery Winner?
Family bonds where are they now
IMF The International Monetary Fund on Tuesday took aim at new British financial plans that have roiled markets, warning that "large and untargeted fiscal packages" would likely increase inequality in Britain and could undermine monetary policy. In its first comments on plans by Britain's new finance minister Kwasi Kwarteng, which have sent sterling and bonds into free fall, the IMF urged UK authorities to consider providing more targeted support to families and business instead of sizable tax cuts and sharply higher government spending. “We are closely monitoring recent economic developments in the UK and are engaged with the authorities," an IMF spokesperson said, in response to a query from Reuters after the British pound hit an all-time low amid spiking market concerns. "Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture, as it is important that fiscal policy does not work at … [Read more...] about IMF says UK fiscal measures will ‘likely increase inequality,’ urges rethink
Share to Twitter Share to Linkedin 2022 has not been kind to investors. Virtually every segment of the market has fallen in value. Even investment grade bonds, which is historically a haven for conservative investors, has plummeted by over 12% as of this writing. It’s easy to get caught up in your emotions during a tough market and weak economy. However, it may be helpful to keep in mind that Bear Markets and recessions are not an anomaly. They are part of the economic cycle. Contrary to what the doomsayers and talking heads are claiming on financial news channels, I am confident in saying that eventually the economy will improve and the market will rebound. The question is what are some practical action items for investors as we approach year-end? (Hint: It’s not checking your account balance more frequently!). Fixating on short-term performance is not constructive. Instead, I have outlined below some pragmatic areas worth exploring to make … [Read more...] about 2022 Year-End Financial Checklist