Week of 4/20/2023

Tax season is over, for some. For self-employed taxpayers who have filed an extension on their business return, some retirement account contributions remain available, such as SEP IRAs. Please let us know if you have any questions.

According to a study, there is a correlation between having more siblings and lower divorce rates. Jonny Kim is the ultimate overachiever. He is a Navy Seal, Harvard educated medical doctor, and an astronaut. A woman in New Zealand died from a number of poor choices, among them drinking 2.64 gallons(!) of Coca Cola per day for years. This equals 2.2 lbs of sugar and nearly 1000mg of caffeine per day. A cautionary tale. ChatGPT failed a college undergraduate economics exam.

Q: How do you feel about the debt ceiling impasse? A: We have long discussed the importance of reigning in government spending. We cannot continue current levels of deficit spending forever and both parties are responsible for our current condition. The debt ceiling is an issue because of a lack of discipline by lawmakers. Those bills must be paid to maintain confidence in the financial system and creditworthiness of the US government. Is it reasonable for fiscally conservative lawmakers to get spending controls in exchange for their vote to raise the ceiling? Yes. It is also possible that playing hardball on the debt ceiling will lead to a number of short-term issues that will affect the market. It is not a situation that would merit deviating from current long-term plans, but we should be ready to weather the storm.

‌ ‌ ‌ 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.