RSSCategory: Blog

Jan

16

Growth Report – Monday, January 16, 2017

RETAIL SALES RISE 0.6% All of this December gain can be attributed to increased car buying and gasoline purchases; in fact, retail sales were flat with those two categories removed. Analysts surveyed by MarketWatch had projected a 0.8% December advance. Census Bureau data shows that online sales rose 13.2% in 2016, while department store sales […]

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Jan

9

What You Can & Cannot Control as You Plan for Retirement

Some things you have no influence over. You may have some power to affect other factors. Are you worried about retiring? Many baby boomers are, and they have reason to be, given low interest rates, returns on equities, increasing health care costs, and the issues facing Social Security. Now, do yourself a favor. Read that […]

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Jan

9

Growth Report – Monday, January 9, 2017

RISING WAGES, MODERATE HIRING IN DECEMBER The Department of Labor’s latest employment report shows the average hourly wage at $26.00 last month, up 2.9% in a year. That is the largest annualized wage increase seen since June 2009. Payrolls expanded by 156,000 additional hires in December, leaving total 2016 job growth at a 5-year low […]

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Jan

2

The Fiduciary Advisor Standard

What designations let you know that a financial professional will abide by it? The Department of Labor is introducing an important new rule regarding retirement plan accounts, which will be phased in during 2017 and fully implemented by 2018. Under this new rule, financial professionals who consult retirement savers will be held to a fiduciary […]

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Jan

2

Growth Report for Monday, January 2, 2017

A SURGE IN CONSUMER OPTIMISM The Conference Board’s consumer confidence index continued to climb in December. Analysts polled by MarketWatch projected a reading of 110.0 for the gauge, but it beat that forecast, rising 4.3 points to a 15-year peak of 113.7. The major factor in the gain? Growing expectations of a better economy, particularly […]

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Dec

19

What to Do Financially When a Spouse Dies

Steps to see that financial matters remain in good order. When a spouse passes away, the emotion and magnitude of the loss can send our lives reeling. This profound change can also affect our finances. All at once, we have a to-do list before us, and the responsibility of it can make us feel pressured. […]

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Dec

19

Growth Report for Monday, December 19, 2016

FED RAISES RATES, PLOTS THREE 2017 HIKES Federal Reserve policymakers unanimously chose to raise the benchmark interest rate by a quarter point last week. That was expected; less expected was the central bank’s adjustment to its 2017 dot-plot. Fed officials now see three rate hikes next year instead of two. The move to the new […]

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Dec

12

New Rule, Nicer Returns?

Could the new fiduciary rule effectively enhance portfolio performance for retirement savers? A change is coming. The Department of Labor is introducing a new rule regarding retirement accounts – a rule that is profoundly impacting the financial services industry. The rule will require financial services professionals to serve as fiduciaries when they provide advice about […]

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Dec

12

Growth Report for Monday, December 12, 2016

SERVICE SECTOR LOOKS VERY HEALTHY The Institute for Supply Management’s monthly services index improved 2.4 points in November to a 57.2 reading. Analysts polled by Briefing.com had expected a small gain to 55.6. It was the PMI’s best reading since October 2015, and it marked the 82nd consecutive month of expansion for the non-manufacturing segment […]

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Dec

5

Funding 35-40 Years of Retirement

If you live to 100, can you avoid outliving your money? Will you live to 100? Your odds of becoming a centenarian may be improving. Earlier this year, the Centers for Disease Control reported that the population of Americans aged 100 or older rose 44% between 2000-2014. The Pew Research Center says that the world […]

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