Planning financially for retirement can help make aging more comfortable Yes, there are good things about being old, such as increased happiness, less stress, better marriages and deeper friendships. You seldom hear that: People tend to focus on the negatives of aging.… Read More
U.S. retail sales rebounded sharply in January, exceeding expectations, and signaling that the American consumercontinues to spend. After consecutive months of decline into the end of 2022, nominal retail sales jumped by 3%m/m in January. Download Full-Size PDF: Click Here weekly_market_recap-02-20-2023
Improving global PMIs and a much better-than-expected employment report have recently given investors new confidence that the economy can avert a near-term recession, boosting market sentiment and stock prices. Download Full-Size PDF: Click Here weekly_market_recap-02-13-2023
What if you could give any child in your life a brighter financial future without spending a single penny? What if it only took the right words? Believe it or not, that IS possible. Talking to children about money now can pay off in a big way later.… Read More
With about half of market capitalization reporting, our current estimate for 4Q22 S&P 500 operating earnings (EPS) is $50.48, representing a y/y decline of 11.0% and a q/q increase of 0.3%. Commentary accompanying results released thus far suggests the year-over-year contraction in earnings is due to higher labor costs, a deterioration in consumer confidence, a stronger U.S.… Read More
Retirement Income “Shock Absorbers” 3 Reliable Strategies Used by Smart Investors You’re trying to stream your favorite show, but there’s the constant drumbeat of bad economic news. “A recession is coming.” “The markets dropped.” “Inflation is the highest it’s ever been.”… Read More
While the federal minimum wage will likely remain unchanged from $7.25, 27 states and D.C. planned stateminimum wage increases for 2023. On January 1, 23 increases went into effect that could drive wage growthhigher in January’s jobs report. Download Full-Size PDF: Click Here weekly_market_recap-01.30.2023pdf
While markets have been fairly resilient at the start of the year, recent economic data have pointed to further weakening in the economy. Overall and core retail sales (excluding autos, gas and food) fell sharply in December, and while poor weather conditions may be partly to blame, the data suggest consumers were much more reserved in their spending during the holiday season.… Read More
On December 23, 2022 the Federal government passed the Secure 2.0 Act, new legislation aimed at strengthening the retirement system and helping bolster Americans’ financial readiness for retirement. Some key features of the Secure 2.0 Act include increasing the age at which retirees must begin taking required minimum distributions (RMDs) from IRA and 401(k) accounts, and changes to the size of catch-up contributions for older workers with workplace plans.… Read More
Last year was an exceptional year, and not in a good way. There was no shortage of worries during the year from COVID-19, the Ukraine war, and the most central story of all: inflation and interest rates. In this edition of On the Mark, we identify the impact of inflation on markets and whether investors should expect more of the same or changes in 2023.… Read More