As we near the upcoming holiday at the end of May, I found myself thinking about the true meaning of Memorial Day and what it means to us today. One thing I’ve always known as a veteran myself is that Memorial Day is more than a day off; it is a day of remembering the men and women who died while serving our great nation.
To say that “money isn’t everything” is more than a cliché. Studies in the early 1970s demonstrated that a sense of well-being, or happiness, had not increased commensurately with income over the previous half century.1
It’s a good time for a gut check.
Last week, after sliding lower for four days, the Standard & Poor’s 500 Index recouped some of its losses on Friday. The reasons behind the week’s poor showing were diverse. Barron’s reported:
The enactment of the Tax Cuts and Jobs Act (TCJA) represents “the most sweeping overhaul of the U.S. tax code in more than 30 years.”1