Investment Commentary –October 26th, 2022 Year to Date Market Indices as of October 25th, 2022 • Dow 31,805 (-11.52%) • S&P 3,840 (-19.02%) • NASDAQ 11,513 (-29.39%) • OIL $86.20 (5.00%) • Barclay Bond Aggregate (-17.14%) IRS: These are your 401(k) and IRA contribution limits for 2023 It may be time to up your 401(k) [...]
Investment Commentary – October 12, 2022 Year to Date Market Indices as of October 12, 2022 • Dow 29,322 (-19.46%) • S&P 3,589 (-24.75%) • NASDAQ 10,428 (-33.39%) • OIL $87.57 (15.31%) • Barclay Bond Aggregate (-16.22%) Yahoo Finance: Stocks rise as investors weigh inflation data, Fed minutes U.S. stocks inched higher Wednesday even as [...]
To some degree, Social Security payments can help insulate retirement incomes against inflation. For example, the cost-of-living adjustment (COLA) this year was 5.9 percent, due to the considerable inflation we saw in 2021. But with inflation continuing to accelerate, will we see an even larger COLA in 2023? It’s possible. The Senior Citizens League has [...]
When you first reach age 65, you enroll in Medicare and make a number of choices about your coverage.For example, you will decide between Original Medicare and Medicare Advantage, whether to enroll in Medigap coverage, and maybe add a Part D (prescription) plan. All of these choices are aimed at helping you manage your healthcare [...]
Investment Commentary – September 28, 2022 Year to Date Market Indices as of September 28, 2022 • Dow 29,187 (-19.82%) • S&P 3,649 (-23.48%) • NASDAQ 10,805 (-30.78%) • OIL $79.54 (5.31%) • Barclay Bond Aggregate (--15.92%) JP Morgan Economic Update Growth 2Q22 Real GDP showed the economy contracted at a 0.6% annual rate [...]
Investment Commentary – September 21, 2022 Year to Date Market Indices as of September 21, 2022 • Dow 30,958 (-13.93%) • S&P 3,894 (-17.89%) • NASDAQ 11,977 (-26.54%) • OIL $88.92 (17.64%) • Barclay Bond Aggregate (--11.55%) American Century Investments: Can I Reinvest My Required Minimum Distribution? With most retirement accounts, once you reach a [...]
Investment Commentary – September 14, 2022 Year to Date Market Indices as of September 14, 2022 Dow 31,184 (-14.16%) S&P 3,948 (-11.12%) NASDAQ 11,709 (-22.09%) OIL $88.92 (17.64%) Barclay Bond Aggregate (--11.55%) Wholesale prices fell 0.1% in August amid inflation fears On a year-over-year basis, headline PPI increased 8.7%, a substantial pullback from the [...]
You don’t need us to tell you that the cost of healthcare is out of control. All you have to do is turn on the news or take a look at your latest medical bill. In just twenty years, between 2000 and 2020, annual spending on healthcare tripled to $4.1 trillion per year! And according [...]
You probably know that where opportunity exists, con artists will take advantage. Unfortunately, the rise of digital money movement services, like Venmo and Zelle, has offered plenty of opportunity to unscrupulous folks who wish to take advantage. The services themselves are legitimate, but some of the people requesting money transfers are not! If you receive [...]
Investment Commentary –August 17th, 2022 Year to Date Market Indices as of August 17th, 2022 • Dow 34,118 (-5.92%) • S&P 4,307 (-9.96%) • NASDAQ 13,658 (-17.22%) • OIL $86.38 (14.57%) • Barclay Bond Aggregate (--9.62%) STOCK MARKET NEWS: Walmart, Home Depot lift Dow, housing hit again, oil below [...]