RSSCategory: Blog

Jan

11

Growth Report for Monday, January 11, 2016

CAN STOCKS REGAIN THEIR FOOTING THIS WEEK? Investors hope so after a very rough start to 2016. Declining oil prices and disappointing manufacturing data in both the U.S. and China helped trigger a global selloff: the major equity indices in Europe and Asia fell between 5-9% last week with our benchmarks following suit. The Dow […]

Continue Reading

Jan

4

The Pros & Cons of Roth IRA Conversions

What are the potential benefits? What are the drawbacks? If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all. Why go Roth? There is an assumption behind every Roth IRA conversion – a belief that income […]

Continue Reading

Jan

4

Growth Report for Monday, January 4, 2016

HOUSEHOLDS MORE OPTIMISTIC AS 2016 APPROACHES In December, consumer confidence increased. The Conference Board’s respected index posted a reading of 96.5 in the last month of the year, 3.9 points above its revised November mark. Economists surveyed by Briefing.com expected a reading of just 93.5.1 PENDING HOME SALES INDEX FALLS The National Association of Realtors […]

Continue Reading

Dec

28

Terrorism & the Financial Markets

Wall Street has the potential to recover quickly from geopolitical shocks. The worst terrorist attack in Europe since 2004 has rattled governments and investors. The French government has closed the nation’s borders and placed thousands of soldiers on the streets of the country’s major cities.1 As an anxious world watches the response of France (and […]

Continue Reading

Dec

28

Growth Report for Monday, December 28, 2015

CONSUMER SPENDING IMPROVES 0.3% This November increase matched the forecast of economists polled by Briefing.com, and it was a nice change after a flat October reading (revised down from an initially reported 0.1% gain). Consumer incomes also rose 0.3% in November.1 HOUSEHOLD OPTIMISM INCREASES IN DECEMBER At mid-month, the preliminary University of Michigan consumer sentiment […]

Continue Reading

Dec

21

Sandy City residence ask, “How Can Gen Xers Can Get Their Retirement Saving Back on Track?”

Steps that may help Sandy City residence address a savings shortfall. Were you born within the years 1965-1980? That makes you a member of Generation X, and it means you are between ages 35-50. Gen Xers now constitute “the sandwich generation” – how time flies.1 Broadly speaking, GenX is the first generation that has had […]

Continue Reading

Dec

21

Growth Report for Monday, December 21, 2015

TIGHTENING BEGINS As anticipated, the Federal Reserve raised the benchmark interest rate by 0.25% last week. The Federal Open Market Committee voted 10-0 to make the move. Its latest dot-plot forecast projects four rate hikes during 2016, which would put the federal funds rate above 1% by the end of next year. The Fed also […]

Continue Reading

Dec

14

Growth Report for Monday, December 14, 2015

HOW LOW WILL OIL FUTURES GO? Did they hit bottom Friday afternoon, when WTI crude settled at $35.62 on the NYMEX? Maybe not, given the International Energy Agency’s new advisory that the oil glut may grow larger in 2016. Even Brent crude, the global benchmark, closed at $37.94 at the end of the week. Forecasts […]

Continue Reading

Dec

12

Is Your Company’s 401k Plan as Good as It Could Be?

In light of a recent SCOTUS ruling, this is a good time to double-check. How often do plan sponsors check up on their 401k? Not as often as they should, perhaps. A recent legal development seems to call for greater supervision of these plans from employers – a degree of supervision many have not routinely […]

Continue Reading

Dec

11

Utah Retirement Planning

THE MAJOR RETIREMENT PLANNING MISTAKES Why are they made again and again? Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees. Calling them “mistakes” may be a bit harsh, as not all of […]

Continue Reading