Week of 8/4/2022

Our next Ask the Joes® & Cale webinar is coming soon! We hope you can join us. Please send us any questions you would like us to discuss. You can register at the link below. When: Thursday, Aug 18, 2022, at 5:00 PM Eastern Time  Register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_eIOb6PPjSCWB5Gz-gFx9hQ After registering, you will receive a confirmation email containing information about joining the webinar.

A widow saw the income tax deduction of her $464,000 charitable contribution invalidated due to some missing required language in the donation receipt. Since 1994, gifts of this kind must be accompanied by an acknowledgment by the recipient about whether goods or services were received in exchange for the gift. It must be in hand BEFORE the return is filed. Basketball great and activist Bill Russell passed away. Kareem Adbul-Jabbar has a nice remembrance of him here. From the intro to this story on professional bridesmaids in China: “If you’re single, shorter than the typical bride, and enjoy frequent travel, there’s a growth industry looking to hire.” This little graphic shows the increase in the price of Disney World admission tickets compared to wages, rent, and gasoline.

Q: I heard that recessions always include job losses- are we seeing that right now? A: In short, no. Commonwealth’s Pete Essele explained that job openings have declined and voluntary departures are also falling. But there is still strong demand for workers in small businesses. Eddy Elfenbein explains that, looking at jobs and recession data for the past 83 years, current conditions are not indicative of typical recession patterns.

‌ ‌ ‌ Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990 Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.