RSSCategory: Blog

Jan

30

Do Our Attitudes About Money Help or Hurt Us?

We may need to change them to better our financial prospects. Our relationship with money is complex & emotional. When we pay a bill, go to the mall, trade in a car for a new one, hunt for a home or apartment, or pass someone seemingly poor or rich on the street, we feel things […]

Continue Reading

Jan

30

Growth Report – Monday, January 30, 2017

HOUSEHOLD SENTIMENT GAUGE RISES AGAIN The University of Michigan’s Index of Consumer Sentiment gained 0.4 points from its preliminary reading this month to reach a final January mark of 98.5. That represents a 12-year peak for the index, which stood at 92.0 in January 2016.1,2 HOME SALES FELL IN DECEMBER Given costlier mortgages, rising prices, […]

Continue Reading

Jan

23

Fiduciary Financial Advisor & Retirement Planning for Single Parents

It is a challenge – and it must be met. How does a single parent plan for retirement? Diligently. Regularly. Rigorously. Here are some steps that may help, whether you are just beginning to do this or well on your way. Setting a household budget can be a wise first step. Most households live without […]

Continue Reading

Jan

23

Growth Report – January 23, 2017

LARGEST INFLATION ADVANCE IN 5 YEARS The Consumer Price Index rose 2.1% in 2016, marking its greatest annual gain since 2011. During 2015, consumer prices only increased by 0.7%. December saw a 0.3% rise for the headline CPI and a 0.2% gain for the core CPI (which excludes food and energy costs). The core CPI […]

Continue Reading

Jan

16

Should You Care What the Market Does Each Day?

A calm investor may realize better long-term returns than an overly concerned one. Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away. This impatience also manifests itself in […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading

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 […]

Continue Reading