RSSCategory: Blog

Feb

1

Are Gen Xers Planning for Retirement the Right Way?

Some are planning wisely, but others are beset by mistakes. Generation X has become the new “sandwich” generation. Many Americans born during the years 1965-80 are finding themselves caring for aging parents and growing kids at once, with little time to devote to their personal finances or their retirement planning. Broadly speaking, that time shortage […]

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Feb

1

Growth Report for Monday, February 1, 2016

ONE CONFIDENCE POLL RISES, ANOTHER FALLS The Conference Board’s consumer confidence index rose in January to 98.1, beating the Briefing.com forecast of 96.3. The University of Michigan’s consumer sentiment index lost 0.6 points on the month, ending January at 92.0.1,2 NEW HOME SALES LEAP 10.8% Census Bureau data showed new home buying at its hottest […]

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Jan

25

South Jordan residence ask, “When Will Stocks Stabilize?”

South Jordan residence ask, “How deep will this correction ultimately be?” January may prove to be the worst month for stocks in eight years. The S&P 500 just corrected for the second time in five months.1,2 If a bear market is truly on the horizon, it may not last very long – the 12 bear […]

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Jan

25

Growth Report for Monday, January 25, 2016

OIL REBOUND DRIVES STOCKS HIGHER Thanks to frosty weather hitting the Northeast and a round of short covering, WTI crude settled at $32.19 on the NYMEX Friday – up 9% for the day and 9.4% for the week. Oil’s surge (and hopes of quantitative easing overseas) bolstered stocks: across four days, the Dow gained 0.66% […]

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Jan

18

The Lottery Is No Retirement Plan

Pay yourself first instead, with your future in mind. Powerball fever swept across America last week, with a record jackpot of $1.5 billion eventually being split by three winners in the January 13 drawing. Millions lined up for lottery tickets, hoping to realize their dreams of being rich, independent, and carefree.1,2 This infinitesimal chance at […]

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Jan

18

Growth Report for Monday, January 18, 2016

LIGHT SWEET CRUDE SETTLES AT $29.42 Oil closed at its lowest level in more than 12 years Friday, plummeting 11.3% for the trading week on the NYMEX. Two factors contributed greatly to the rout: the Energy Information Administration’s forecast of the global crude glut lasting well into 2017 and the imminent expiration of sanctions against […]

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Jan

11

China’s Stock Market Turmoil

Can U.S. shares hold up in the wake of January’s shocks? On January 7, China halted stock trading for the second time in four days. The benchmark Shanghai Composite sank 7.0% on January 4 and dropped 7.3% three days later, both times activating a new circuit-breaker rule that stopped the trading session.1 Markets worldwide fell […]

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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 […]

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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 […]

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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 […]

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