Monthly Economic Update

THE MONTH IN BRIEF – September 2018 Wall Street had much to celebrate in August. The S&P 500 and Nasdaq Composite both reached historic heights, with the Nasdaq crossing two 1,000-point milestones in a calendar year for the first time since 1999. The current bull market became the longest on record. U.S. stock exchanges outperformed […]

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Why Do People Put Off Saving for Retirement?

A lack of money is but one answer.   Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?   Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely.       Sometimes, the […]

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The Snowball Effect

Save and invest, year after year, to put the full power of compounding on your side.   Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your IRA or your workplace retirement plan account. At some point, its yearly earnings should begin to […]

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Monthly Economic Update

August 2018   THE MONTH IN BRIEF While investors kept tariffs and trade disputes in mind in August, a new earnings season provided Wall Street with a lift. Blue chips especially benefited: the Dow Jones Industrial Average rose 4.71% for the month. Broadly speaking, strong corporate profits and domestic economic data gladdened the bulls, even […]

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Tax Changes Around the Home

How the Tax Cuts & Jobs Act impacted three popular deductions.   Three recent tax law changes impact homeowners and home-based businesses. They may affect your federal income taxes this year.    The SALT deduction now has a $10,000 yearly limit. You can now only deduct up to $10,000 of some combination of (a) state and local […]

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How Retirement Spending Changes With Time

Once away from work, your cost of living may rise before it falls.   New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money?   This concern is legitimate. Many households “live it up” and spend more than they anticipate as retirement […]

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Monthly Economic Update

In this month’s recap: tariff talk weighs on equities worldwide, oil prices jump 10%, and the Fed raises rates once more.   THE MONTH IN BRIEF While segments of the stock market rallied in June, assumptions that a global trade war was starting hurt the blue chips – the Dow Jones Industrial Average lost 0.59% […]

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The Retirement Mindgame

Your outlook may influence your financial outcome.   What kind of retirement do you think you’ll have? Qualitatively speaking, what if the success or failure of your retirement begins with your perception of retirement?   A whole field of study has emerged on the psychology of saving, spending, and investing: behavioral finance.  Since retirement saving is […]

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