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The Wall Street strategist who nailed the stock market's recent mega-rallies sees a 10%-15% jump in the coming months FortuneUS stocks slide and Nasdaq enters correction as chaos over Trump's tariffs intensifies CNNAnalyst who forecast stocks rally resets outlook after tumble TheStreetTom Lee Predicts Strong Stock Market Rally KillerStartups
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Trump declines to rule out recession amid tariffs' effects on markets The Washington PostTrump won't rule out a recession in 2025 POLITICOTrump Speaks Out on Recession Fears, Tariffs, and the U.S. Aid Given to ‘Ungrateful' Zelensky TIMETrump Gets Shock Fox Pushback Over Tariff-Induced Pain: ‘Market Has Been Going Down' The Daily BeastTrump sees "period of transition," Lutnick says "no chance" of recession Axios
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Will the Valley be able to see the lunar eclipse this week? WKBN.comWhere to view the total lunar eclipse in Virginia WRIC ABC 8NewsTotal lunar eclipse 2025: What to know about this week's 'blood moon' USA TODAY
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Teen kidnapped, killed, dismembered by Florida couple she met online: police ABC7 Los AngelesMissing Gulfport teen killed, dismembered after meeting man on dating app: Police FOX 13 Tampa‘Where is Brandes at?': Pinellas murder suspect questions where his alleged accomplice is while in front of judge
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2025 NFL free-agency tracker: See where Sam Darnold, Aaron Rodgers and top 150 players land The AthleticBrowns, DE Myles Garrett agree to terms on four-year extension worth $40 million per year NFL.comRams 2025 free agency tracker: Offseason moves, signings ESPN2025 NFL free agency, trades, rumors, live updates: Bill
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4.1 earthquake felt across Southern California, centered near Malibu Los Angeles TimesMagnitude 4.1 earthquake rattles Los Angeles County CNN4.1-magnitude earthquake jolts Los Angeles area KTLA Los AngelesMalibu has become an earthquake hotbed as the L.A. region sees an uptick in moderate temblors Los Angeles Times
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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With the congressional midterm elections only weeks away, here's how we think things will shake out.
In early spring, Republicans appeared well on their way to steamroll through the midterms and win back control of the House and Senate. Democrats were struggling to compete, weighed down by an unpopular president and sky-high inflation and gas prices.
But as the summer wore on, Democrats' prospects improved. Gas prices dropped, supply chain problems got better and the Supreme Court's decision to overturn Roe v. Wade energized their voters - all good news for the party. Some big-ticket Democratic bills that passed Congress in recent months also helped.
Meanwhile, several Republican candidates, particularly Senate hopefuls endorsed by former President Donald Trump, underwhelmed, both on the campaign trail and with fundraising. Senate Minority Leader Mitch McConnell (R-KY) even downplayed his party's chances of retaking the Senate, openly worrying about the "quality" of many GOP candidates.
On top of everything else, Trump's high-profile legal woes have been a drag on his party's midterm hopes.
SEE MORE Protect Your Retirement Income from Inflation
But momentum in politics is fickle and can swing back quickly. In recent weeks, Republican candidates have done better in midterm polls and improved on the campaign trail.
So it's increasingly likely that control of the next Congress in January will be split. We anticipate that Republicans still will take control of the House, though they'll likely net fewer seats in the 435-member chamber than we initially expected - 15, versus the 25 sea
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Personal values play an important role in many aspects of our lives and have become more prominent recently in how we think about and manage our finances. More and more investors are asking how they can support the causes they care about through their financial decision-making.
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Charles Schwab's latest Modern Wealth Survey found that 69% of Americans say that supporting causes they care most about is a top consideration when it comes to their financial decisions. If you count yourself among them, consider starting with a financial plan to ensure you stay on track toward your long-term goals while also staying true to your personal values.
Define your saving and spending goals
The best way to start is by translating your dreams into concrete financial goals. Identify your most important goals and commit to saving toward each. Write things down so you can build confidence, stay focused and refine your plan over time while prioritizing both your own financial wellness and the greater good.
For example, we recently had a client looking for ways to maximize her charitable donations with a limited budget. After pinpointing the causes that she connected with most - the environment and medical research - we laid out a three-year charitable-giving budget. This helped her stay on track with her long-term plan while mixing in creative ways to give back, including ongoing gifts through a donor-advised fund supporting cancer research and volunteering for weekend river cleanups.
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