It is a fact that 28% of American men and 22% of American women have never been married, and that 44% of childless adults under 50 say they're unlikely to ever have children. This is up from 37% just five years ago.

With the growing number of people who remain or end up single and have no living children, financial planners, including us here at Carnegie Investment Counsel, are fielding the question more from aging individuals: who can manage funeral arrangements for me?

The short answer:

• State law decides who has final say by default, and it may not be who you'd choose.
• Carnegie can't step in and make arrangements for you due to regulation.
• Two practical solutions: designate a representative to manage your remains or prepay through a funeral home or burial society.

The first half of 2026 gave investors plenty to digest. Artificial intelligence continued to dominate headlines, market leadership shifted beyond the Magnificent Seven, the Federal Reserve remained focused on inflation, and ongoing tariff and geopolitical developments added new layers of uncertainty.

In this edition of Front Row with Carnegie, our investment and financial planning professionals discuss the trends shaping today's markets, what they're watching for in the months ahead, and how those developments may affect long-term investors. Below are some of the key takeaways from the conversation, or you can watch the full discussion in the video below.

August tends to be a time when market activity can grow harder to analyze. Trading desks thin out, news flow slows, and short-term momentum can swing prices more than fundamentals do. Still, the month gives investors plenty to watch, including corporate earnings and Fed policy, to signs that market leadership may be broadening beyond artificial intelligence.

One of the most common questions investors ask is why a great company can report strong earnings and still see its stock price fall sharply. The answer often comes down to one word: expectations.

Over the long run, earnings growth is the primary driver of a company's stock price. However, in the short run, changes in investors' expectations about future growth can have an even greater impact. Understanding this relationship helps explain why some of the market's fastest growing companies can also be among its most volatile.

When most people think about estate planning, they focus on what happens after they pass away. While deciding how your assets will be distributed is certainly important, an equally important question often goes overlooked: Who will make financial and medical decisions if you're unable to make them yourself?

A condominium is often seen as an ideal structure for a seasonal residence or as the next step for empty nesters who want space and location, but not the hassle of maintaining a suburban house. Condominiums were initially marketed as offering a carefree lifestyle in which maintenance and upkeep were overseen by professional management. The predictability of owner costs also made condominium ownership attractive to retirees with fixed income streams.

However, purchasing a condominium requires significantly more due diligence than buying a single-family home. While you are acquiring ownership of your individual unit, you are also becoming a member of a homeowner's association (HOA) that shares financial responsibilities, maintenance obligations, and legal liabilities. Understanding the nuances of reserve studies, insurance structures, association finances, and ownership restrictions can mean the difference between a sound investment and a financial nightmare.

Before purchasing a condominium in 2026, it is important to understand several often-overlooked factors that could affect your long-term financial plan.

As we approach mid-summer, investors find themselves navigating two powerful forces: excitement and expectations. From headline-grabbing IPOs to the continued enthusiasm surrounding artificial intelligence (“AI”), markets are once again being shaped by a combination of innovation, optimism, and speculation. While these themes have helped propel stocks higher, they also serve as a reminder of an enduring investing principle: enthusiasm alone is not a substitute for fundamentals.

In our July commentary, we want to devote time examining the surge in mega-cap IPO activity, what earnings season may reveal about AI-related valuations, the evolving interest rate landscape, and where opportunities may exist beyond the technology sector.

Following the Federal Reserve's most recent meeting on June 17, 2026, it appears increasingly likely that the Fed's next move will be to raise interest rates rather than cut them. New Federal Reserve Chairman Kevin Warsh underscored that possibility with a clear commitment to fighting inflation, stating:

"The Committee will deliver price stability."

He went on to acknowledge:

"We've missed for five years, and we're going to fix that."

Those comments suggest the Fed's primary focus remains controlling inflation, even if that means maintaining higher interest rates for longer or raising rates further. While interest rate policy can seem like an abstract topic discussed by economists and financial markets, Fed decisions ultimately affect nearly every consumer.

Inflation was largely an afterthought for many years. The dollar experienced an average inflation rate of 2.1% per year between 2000 and 2020. During that period, retirees rarely had to worry about inflation eroding their purchasing power. That changed during the COVID-era inflation surge, when inflation averaged 4.7% in 2021 and 8.0% in 2022, according to the U.S. Bureau of Labor Statistics.

While inflation has moderated from its recent highs, the experience served as an important reminder that rising prices can present a significant risk for retirees. Unlike those still in the workforce, retirees generally cannot rely on salary increases to offset higher costs. Instead, retirement income and investment portfolios must support spending needs over what may be a retirement lasting 20, 30, or even 40 years.