What's New in Our Blog
- Wealth Notes: Income Sources in Retirement 06/29/16The question isn’t at what age I want to retire, it’s at what income? George Foreman Wealth. Economic self-sufficiency. Financial independence. Retirement planning. These phrases all have the same definition for me – the ability to enjoy life without the need to be employed. For some, this happens at retirement. For others, it happens when they sell a business, receive an inheritance or have stock options vest. At some point, all of us will have to have our assets create income to be able to pay for all the goals and needs we have in life. Income planning is a key piece of the work we perform for clients. Investment management and financial planning, for most clients, leads to a point in time when assets will be used to generate income. The sources of income look different for those who no longer have earned income. That happens for some at Read more...
- Market Minutes for the week of June 20th 06/24/16Market Minutes for the week of June 20th: “If God wanted us to vote, he would have given us candidates” – Jay Leno In a historic referendum dubbed the “Brexit”, the United Kingdom voted to leave the European Union. U.K. Prime Minister David Cameron said he will resign. We are closely monitoring this turn of events. St. Louis Fed head James Bullard has long been a proponent of raising short-term rates sooner rather than later. Last week however, he abruptly changed course by saying in a policy paper that economic growth in the near future is doubtful. He said that current conditions are likely to continue for at least 2 ½ more years, creating little need to raise interest rates over that time more than a quarter point. That means that without being in a recession, economic growth of around 2% muted inflation and limited wage increases and productivity gains. Read more...
- Market Minutes for the week of June 13th 06/17/16Market Minutes for the week of June 13th: “Concern should drive us into action and not into a depression” – Pythagoras While the U.S. economy created only 38,000 jobs in May, it may be possible that the headlines do not tell the whole story. According to Austan Goolsbee, a professor of economics at the University of Chicago, the “productivity wildcard” might be at work meaning that, “…if you have high productivity growth you don’t need to hire anybody to grow.” Lending a bit of credibility to Goolsbee’s theory, the Labor Department said that revised 1st quarter productivity fell less sharply than previously thought. Productivity contacted at 0.6% in the quarter vs a decline of 1.7% in the 4th quarter of 2015. The Bureau of Labor Statistics said that the JOLTS (Job Openings and Labor Turnover Summary) report showed 5.8 million job openings at the end of April, slightly higher than Read more...
- Market Minutes for the week of May 30th 06/03/16Market Minutes for the week of May 30th: “One of the tests of leadership is the ability to recognize a problem before it becomes an emergency.” Arnold Glasow As of the end of last week, 98.4% of S&P 500 companies have reported 1st quarter earnings and profits as measured by earnings per share, according to FactSet, which are down by 7% from one year ago. Ed Yardeni, president and chief investment officer at Yardeni Research: “The global economic slowdown over the past couple of years has certainly weighed on U.S. company revenues, which have weakened further due to the strong dollar since late 2014.” More from FactSet: In the last quarter the worst earnings decline was in the energy sector where profits fell a “staggering” 108%. “The materials subsector was the second weakest with a 14.5% decline, followed by the financial sector [specifically banking] which was down 12.2%.” Sales (revenue) Read more...
When: July 20, 2016 4:30 PM Where: The Resource Exchange
"Funding The Trust" Building Block #9 - The special needs trust is an "empty bucket". This workshop will show you ways to fill the bucket to best provide for your special needs family member. The event is free. Registration is required.
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