Memorial Day is a solemn day of remembrance, as we honor those who died serving in the American armed forces. Originally known as Decoration Day, the tradition started after the Civil War, gained a strong following after WWII, and was officially named Memorial Day in 1967. In 1968, Congress passed the Uniform Holiday Act, designating [...]
Federal, state, and local governments have extended a number of deadlines amid the coronavirus pandemic. Here are just a few of the deadlines that have been affected. Federal and state income taxes The IRS has postponed the due date for filing federal income tax returns and making tax payments from April 15, 2020, to July [...]
Presented by Matt Glova and the LifeTime Asset Management team: May 18, 2020 Global equities moved lower this past week. Jitters surrounding the restart of the economy as well as increased tensions with China were potential reasons for the sell-off. Trade tensions with China flared as the U.S. placed new export restrictions on semiconductors and [...]
Presented by Matthew Glova Markets rebound in April Equity markets saw a swift recovery in April, as progress toward slowing the spread of the coronavirus gave investors hope. The S&P 500 rose by 12.82 percent, marking the best monthly gain since 1987. The Dow Jones Industrial Average (DJIA) gained 11.22 percent, and the Nasdaq Composite [...]
Throughout March 2020, as it became increasingly evident that the economic impact from the COVID-19 pandemic would be both profound and prolonged, Congress passed several pieces of legislation with provisions to help small businesses shore up their coffers and keep employees on the payroll. Within a few weeks, initial funding for the two cornerstone programs, [...]
Weekly Market Update, Presented by Matthew Glova: The rates market experienced some volatility last week, but it ended the week only slightly below where it started. The 10-year Treasury yield dropped from 0.65 percent to 0.53 percent last week and opened at 0.62 percent on Monday. The 30-year was as high as 1.41 percent about [...]
Hello LifeTime Family! We hope that everyone is staying safe and healthy. Local government officials have issued stay-at-home orders for our area effective at the end of the day to help flatten the curve of the coronavirus spread. As an essential part of your lives and the community, LifeTime will continue to operate to meet your [...]
On Saturday, June 24th, LifeTime Asset Management sponsored the first Triangle Expo for LGBTQ Aging Adults. The event was organized by the LGBT Center of Raleigh and was a huge success—with over 40 exhibitors and hundreds of attendees. LifeTime Asset Management Wealth Consultant Lorraine Johnson presented a workshop, “Ask a Financial Advisor”. As a group, [...]
Food pantries are an incredible community resource. That’s why Phil Arbolino was passionate about supporting the Community Food Cupboard in his Manchester, Vermont community. The LifeTime Asset Management team got to know Phil in 2016, when he retired from financial planning and merged his firm with LTAM. Afterward, Phil became a client and a friend. [...]
LifeTime Asset Management CEO Matt Glova has been recognized with the Triangle Business Journal’s 2018 40 Under 40 Award. The 40 Under 40 awards recognize outstanding professionals under the age of 40 for their contributions to their organizations and to the community. Six judges from the local business community and TBJ leaders pored over about [...]