Weekly Market Recap – March 13, 2023
The Markets (as of market close March 10, 2023) Entering last week, investors were poised to review the latest employment data and its potential impact on the course of the Federal Reserve. Instead, last Friday saw financial regulators close Silicon Valley Bank as the Federal Deposit Insurance Corporation (FDIC) took control of the bank’s assets. […]
Weekly Market Recap – March 7, 2023
The Markets (as of market close March 3, 2023) A late rally sent stocks higher by the end of last week. Each of the major benchmark indexes gained nearly 2.0%, with the Nasdaq climbing 2.6% to lead the way. The large caps of the Dow and S&P 500 also rallied at the end of the […]
Why I became a financial advisor
by Fatima Iqbal, CFP® I’ve always been a planner. My earliest memory of creating a plan was coming home from school in the 2nd grade after a fire escape drill. My family had moved into a new house and I sketched out an escape plan on a sheet of paper, carefully assessing possible emergency scenarios and drawing […]
How to Boost your Retirement Savings
For many of us, a trip to the grocery store is a constant reminder of how much inflation keeps creeping into our pocketbooks. Add taxes, market volatility, and the rising costs of healthcare and it’s no wonder nearly 75% of us are feeling anxious or even overwhelmed when we think about our retirement savings.* Fortunately, […]
How to ask your employer for halal 401(K) investment options
One of the first decisions you’ll need to make after accepting a job offer is deciding how you’ll invest your employer plan. These plans are generally funded with pre-tax money and, in many cases, your employer will match your contributions. That’s essentially free money. But most plan providers will offer you a limited menu of […]
Azzad Earns ‘Top Guns’ Designations from Informa Investment Solutions
Five strategies excel again across multiple categories and reporting periods Azzad Asset Management announced today that five of its investment strategies have again been awarded “Top Guns” designation by Informa Financial Intelligence’s PSN manager database, North America’s longest running database of investment managers. This quarterly ranking is used widely by asset managers and investors. PSN […]
Weekly Market Recap – February 27, 2023
Wall Street reacted negatively to hotter-than-expected inflation data at the end of last week. Each of the major benchmark indexes closed lower, with the Nasdaq falling more than 3.3%, while the remaining indexes suffered losses close to 3.0%. The S&P 500 endured its worst week in 2023, while Treasury yields climbed higher, as bond prices […]
What You Should Know About Required Minimum Distributions (RMDs)
What are RMDs? At some point, the government wants you to start spending your tax-sheltered retirement savings, or at least pay taxes on the income. That’s why it requires you to withdraw minimum payments annually from your traditional IRAs and employer-sponsored retirement plans after you reach a certain age. These are referred to as RMDs […]
Weekly Market Recap – February 6, 2023
The Markets (as of market close February 10, 2023) Stocks dipped lower last week as investors mulled the direction of the economy as the Federal Reserve continued to increase interest rates, bolstered by January’s strong labor report. With fourth-quarter corporate earnings reporting season nearing a close, fewer companies are topping profit expectations, which may be […]
What you need to know when choosing a beneficiary
When was the last time you reviewed your beneficiary designations? The beneficiaries you name on your financial accounts take precedence over a trust or will. That’s why making sure your beneficiary designations are current is critical. We recommend reviewing your beneficiaries annually, and after major life events like marriage, divorce, a new child, and death. […]
