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Larry Root & Associates A private wealth advisory practice of Ameriprise Financial Services, LLC

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“Stocks rallied higher on the final day of the month following data showing personal income remaining largely static ver...
06/06/2024

“Stocks rallied higher on the final day of the month following data showing personal income remaining largely static versus month-ago levels, the Fed’s preferred inflation gauge coming in line with expectations, and spending trends cooling.”- Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

There have been some reported glitches with the rollout of the new 2024-25 FAFSA form. If you’ve had issues filling out ...
03/06/2024

There have been some reported glitches with the rollout of the new 2024-25 FAFSA form. If you’ve had issues filling out the application, know that you still have time before the June 30 deadline.

Plan for college expenses with more confidence.

Without action from Congress, Social Security will be unable to fully pay benefits starting in 2035, according to 2024 O...
30/05/2024

Without action from Congress, Social Security will be unable to fully pay benefits starting in 2035, according to 2024 OASDI Trustees Report. If you are concerned about the uncertainty of these funds, we can work to add more flexibility into your personalized retirement income plan.

Benefits would be cut by 17% without action by Congress

Are you one of the 68% of people who plan to leave real estate to your heirs? Whether it’s a primary residence or a vaca...
28/05/2024

Are you one of the 68% of people who plan to leave real estate to your heirs? Whether it’s a primary residence or a vacation home, communicating your intentions can help mitigate any confusion. Here are three tips to help you start the conversation. PUBLISHING>

How you set up your gift and communicate your wishes can be an act of kindness for loved ones.

From expense management to insurance underwriting, generative AI could automate many aspects of your financial life. But...
20/05/2024

From expense management to insurance underwriting, generative AI could automate many aspects of your financial life. But is this technology safe? Get tips on how to take advantage of AI’s benefits and protect yourself from the risks.

Safely take advantage of AI’s benefits and mitigate the potential risks.

Starting this year, excess 529 plan funds can be moved to a Roth IRA, if you meet certain conditions. We can help determ...
13/05/2024

Starting this year, excess 529 plan funds can be moved to a Roth IRA, if you meet certain conditions. We can help determine how your family can take advantage of this new opportunity.

How SECURE Act 2.0 has impacted 529 plans.

“The Fed remains on pace to cut rates this year, employment in the U.S. is softening but remains strong, and Big Tech (t...
09/05/2024

“The Fed remains on pace to cut rates this year, employment in the U.S. is softening but remains strong, and Big Tech (the main driver of S&P 500 profit growth in 2024) continues to drive forward on all cylinders.” - Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

“From an economic perspective, growth in the U.S. is starting to show signs of slowing from above-average trends seen in...
02/05/2024

“From an economic perspective, growth in the U.S. is starting to show signs of slowing from above-average trends seen in 2023.” - Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

“Combined with warmer-than-expected inflation trends, still robust growth across the services economy, and U.S. Treasury...
25/04/2024

“Combined with warmer-than-expected inflation trends, still robust growth across the services economy, and U.S. Treasury yields bumping up at their highest levels of the year, some of the more extreme bullish narratives about growth and stock returns for this year are in the process of being tempered.” - Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

The first quarter of 2024 was undoubtedly a welcome one for investors. Here’s what investors should be watching for in Q...
22/04/2024

The first quarter of 2024 was undoubtedly a welcome one for investors. Here’s what investors should be watching for in Q2.

Can a strong start for stocks set the tone for the rest of the year?

First quarter market performance indicates investors anticipate lower interest rates later this year. Anthony Saglimbene...
15/04/2024

First quarter market performance indicates investors anticipate lower interest rates later this year. Anthony Saglimbene, Chief Market Strategist at Ameriprise Financial, shares insights on this and more in a recent Reuters interview.

The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities.

Market performance broadened in March. While Info Tech (IT) was the big driver of S&P 500 performance in 2023 and the be...
15/04/2024

Market performance broadened in March. While Info Tech (IT) was the big driver of S&P 500 performance in 2023 and the beginning of this year, its March performance only ranked 9th among the 11 sectors. The average sector returns outside of IT were 4.2%, compared to IT's 1.9% during the month. The S&P 500 returned 3.1%.

“Looking out over coming quarters, history suggests a strong start to the year for stocks can bode well for investors th...
11/04/2024

“Looking out over coming quarters, history suggests a strong start to the year for stocks can bode well for investors through the rest of the year. In the other 16 years that the S&P 500 rose +8.0% or more in the first quarter only in 1987 did the Index close the year lower.” - Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

Treasury yields have recently moved higher on stronger-than-expected economic and inflation data in the first quarter. H...
09/04/2024

Treasury yields have recently moved higher on stronger-than-expected economic and inflation data in the first quarter. However, the Ameriprise Investment Research Group believes rates should ebb lower over the course of the year as growth slows and inflation moves back toward normalized levels.

The period of elevated cash returns may be coming to an end soon. Let’s connect if you’d like to review your cash invest...
01/04/2024

The period of elevated cash returns may be coming to an end soon. Let’s connect if you’d like to review your cash investments and identify other potential opportunities.

How long can compelling cash rates last?

At the March meeting, the Federal Reserve left its fed funds rate unchanged for the fifth consecutive meeting. With thre...
28/03/2024

At the March meeting, the Federal Reserve left its fed funds rate unchanged for the fifth consecutive meeting. With three rate cuts still penciled in for 2024, policymakers are now less likely to surprise the market this year. From the Fed’s vantage point, growth is holding strong in the U.S., inflation is slowly moving back to target and the committee remains confident in its policy approach and economic forecasts.

A well-diversified investment strategy can help investors participate in the current bull market while also managing aga...
25/03/2024

A well-diversified investment strategy can help investors participate in the current bull market while also managing against risk. Let’s connect if you’d like to discuss

Can the 2024 bull market push higher?

A well-diversified investment strategy can help investors participate in the current bull market while also managing aga...
21/03/2024

A well-diversified investment strategy can help investors participate in the current bull market while also managing against risk. Let’s connect if you’d like to discuss.

Can the 2024 bull market push higher?

The equal-weighted version of the S&P 500 index recently reached new highs. In the Ameriprise Investment Research Group’...
18/03/2024

The equal-weighted version of the S&P 500 index recently reached new highs. In the Ameriprise Investment Research Group’s view, this could signal investor’s increased expectations for the economic and interest rate environments ahead, leading investors to start looking for opportunities across more pockets of the market.

Ameriprise Financial Chief Economist Russell Price weighs in on future economic growth prospects, 2024 recession odds, t...
14/03/2024

Ameriprise Financial Chief Economist Russell Price weighs in on future economic growth prospects, 2024 recession odds, the health of the job market and more.

The lingering economic effects of the pandemic may finally fade in 2024.

“With prospects for interest rate cuts later this year, stable economic trends, and expectations for improving profits a...
14/03/2024

“With prospects for interest rate cuts later this year, stable economic trends, and expectations for improving profits across a broader set of industries in 2024, the long-awaited broadening of the market rally may be in its early innings.”– Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

“Supportive U.S. economic data, improving profit growth, and earnings outlooks that remained stable throughout the fourt...
07/03/2024

“Supportive U.S. economic data, improving profit growth, and earnings outlooks that remained stable throughout the fourth quarter reporting season are key factors that kept stocks in an upward trend during February.” – Anthony Saglimbene, Ameriprise Chief Market Strategist

Get more expert insights by reading the latest Weekly Market Perspectives.

While inflation has cooled considerably from its peak in mid-2022, the Fed wants to make sure the downward trend continu...
29/02/2024

While inflation has cooled considerably from its peak in mid-2022, the Fed wants to make sure the downward trend continues before cutting interest rates. Ameriprise Chief Market Strategist Anthony Saglimbene shares more about the impacts of the job market and consumer sentiment in this article.

Minutes of the last meeting show Federal Reserve members are in no hurry to lower rates.

From Gen Zers to members of the silent generation, what are the top three money moves for each group? Here are tips from...
26/02/2024

From Gen Zers to members of the silent generation, what are the top three money moves for each group? Here are tips from Marcy Keckler, Ameriprise’s Vice President of Financial Advice Strategy, and other financial experts.

Each generation has their own financial needs.

Are you nearing retirement? If so, let’s connect to develop a tax-efficient withdrawal strategy that takes four key fact...
15/02/2024

Are you nearing retirement? If so, let’s connect to develop a tax-efficient withdrawal strategy that takes four key factors into consideration:
1. Expenses
2. Sources of income
3. Tax situation
4. The current market

4 factors for investors to consider

Are you prepared for market volatility? Here are five tips for navigating the fluctuations.
12/02/2024

Are you prepared for market volatility? Here are five tips for navigating the fluctuations.

Having the right protection is an investment in your financial future. Let’s talk about living beyond today and how deci...
01/02/2024

Having the right protection is an investment in your financial future. Let’s talk about living beyond today and how decisions you make now determine how you and your loved ones will live later.

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