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A Simple Financial Planning Strategy to Kickstart Your New Year

Knowing the holidays the U.S. financial markets and banks are closed is just as important as knowing their daily hours of operation.

Have you ever wanted to place a trade, deposit a check, or withdraw money only to learn that the U.S. financial markets or your bank are closed for a holiday?

Or have you ever waited anxiously for pay-day and found out you’re going to get the money a day late because of a holiday?

To prevent this from happening again, we’ve created a list of market and bank holidays along with the next date on which they will be observed for you to bookmark for the rest of this year and prepare for 2024!

NOTE: Market holidays do not always coincide with bank holidays, even if the lists may appear identical at first glance.  

 

MARKET HOLIDAYS: A non-weekend day on which the U.S. financial markets are closed.

New Year’s Day – January 1, 2024

Martin Luther King, Jr. Day – January 15, 2024

President’s Day – February 19, 2024

Good Friday – March 29, 2024

Memorial Day – May 27, 2024

Juneteenth National Independence Day – June 19, 2024

Independence Day – July 4, 2024

Labor Day – September 2, 2024

Thanksgiving Day – November 28, 2024

Christmas Day – December 25, 2024

 

BANK HOLIDAYS: A non-weekend day which most commercial banks and savings institutions are closed to the public. While all Federal Banks and branches are closed, it is important to know that not every bank observes the holidays below; so, be sure to check your bank’s holiday schedule.

New Year’s Day – January 1, 2024

Martin Luther King, Jr. Day – January 15, 2024

President’s Day – February 19, 2024

Memorial Day – May 27, 2024

Juneteenth National Independence Day – June 19, 2024

Independence Day – July 4, 2024

Labor Day – September 2, 2024

Columbus Day – October 14, 2024

Veterans Day – November 11, 2024

Thanksgiving Day – November 28, 2024

Christmas Day – December 25, 2024

 

The Bottom Line:

When we invest our cash in the stock market or deposit money into a bank account for safekeeping, we’d probably like to think that we have full control over that money at all times. However, market and bank holidays, along with regular scheduled business hours, may temporarily restrict some of that freedom.

The key is to be informed and prepared, so you’ll never feel like you’re limited in accessing your money. You know that most bank branches close at 5 PM, so you’re not going to go there at 10 PM expecting to deposit a check. In the same way, you can be prepared for bank and market holidays.

I'm Helen

Having worked in finance for over a decade, I know what matters most to clients. Here, I share with you what you really need to do to stay on top of your money and retire rich.
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This data is for informational purposes only and Capital Benchmark Partners, LLC (“CBP”) is not affiliated with any of the businesses mentioned nor endorses them. CBP is not endorsed by any third party entities for their inclusion in this article nor is compensated for mentioning them. *Past performance is not a guarantee of future results. The information contained herein has been obtained from sources believed to be reliable but the accuracy of the information cannot be guaranteed.

 

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