RSSCategory: Blog

Apr

18

Growth Report for Monday, April 18, 2016

HOW WEAK WAS FIRST-QUARTER GROWTH? Economists have reason to wonder given the latest retail sales, industrial output, and inflation figures. Overall retail purchases fell 0.3% in March, though they rose 0.2% minus auto buying; analysts polled by MarketWatch expected a 0.1% gain for the headline number and a 0.5% gain for the core number. Industrial […]

Continue Reading

Apr

11

Utah Financial Planning with Health Insurance in Mind

How much might health care cost you someday? “Financially speaking, what would be the worst thing that could happen to you?” If you ask a hundred people in their forties that question, you may get a dozen different answers. Some may say “my business going under” or “losing my house.” Some might say “a divorce,” […]

Continue Reading

Apr

11

Growth Report for Monday, April 11, 2016

FED: APRIL MIGHT BE TOO SOON FOR A RATE HIKE That was the message Wall Street gleaned from the Federal Reserve’s March policy meeting minutes. Several Fed officials, the minutes stated, felt that “raising the target range as soon as April would signal a sense of urgency” that would be untimely. Another passage noted broad […]

Continue Reading

Apr

3

Salt Lake City resident asks, “Should You Plan to Retire on 80% of Your Income?”

Examining a long-held retirement planning assumption. A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to keep […]

Continue Reading

Apr

3

Growth Report for Monday, April 4, 2016

MIXED NEWS ON HOME SALES New home buying increased 2.0% in February, with all of the gain attributable to a remarkable 38.5% jump in sales in the West (a region which had witnessed a 32.7% January plunge in new home purchases). In contrast to this Census Bureau data, the National Association of Realtors noted a […]

Continue Reading

Mar

28

South Jordan City resident asks, “How to reduce the risk of outliving his money?”

What steps might help you sustain and grow your retirement savings?  “What is your greatest retirement fear?” If you ask retirees that question, “outliving my money” may likely be one of the top answers. Retirees and pre-retirees alike share this anxiety. In a 2014 Wells Fargo/Gallup survey of more than 1,000 investors, 46% of respondents […]

Continue Reading

Mar

28

Growth Report for Monday, March 28, 2016

MIXED NEWS ON HOME SALES New home buying increased 2.0% in February, with all of the gain attributable to a remarkable 38.5% jump in sales in the West (a region which had witnessed a 32.7% January plunge in new home purchases). In contrast to this Census Bureau data, the National Association of Realtors noted a […]

Continue Reading

Mar

14

Sandy City resident asks, “Should I Retire Now or Later?”

Today’s retirees must be more self-reliant than their predecessors. Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75. To varying degrees, this was the American retirement experience during the last […]

Continue Reading

Mar

14

Growth Report for Monday, March 14, 2016

STOCKS SETTLE AT 2016 Highs A 5-day gain of 1.10% left the S&P 500 at 2,022.19 at the closing bell Friday. Settling at 17,213.31 Friday afternoon, the Dow Jones Industrial Average rose 1.20% for the week while the Nasdaq Composite advanced 0.67% to end the week at 4,748.47. On March 11, the S&P settled above […]

Continue Reading

Mar

7

Consider an IRA Charitable Rollover

If you want a tax break and want to help a non-profit, this may be a good move. Have you ever wanted to make a major charitable gift? Would you like a significant federal tax break in acknowledgment of that gift? If so, an IRA charitable rollover may be a good financial step to take. […]

Continue Reading