Have you logged in to your Social Security account? Creating an online account at SSA.gov is an important first step in understanding your retirement income situation. However, only about 60 million of the 160 million individuals in the U.S. labor force who have Social Security accounts have created a way to access the Social Security Administration’s website.
All year long, the economy and stock prices have fooled experts and consumers, outperforming expectations month after month.
The five questions below are a challenge meant to allow you to assess your knowledge of investing, tax and financial planning. If you have been following our news stream, this quiz draws on familiar ground. The answers are below.
The Securities and Exchange Commission filed enforcement actions against 501 individuals or entities in the 12 months through September 2023 — an 8% increase over the prior fiscal year.
Amid the Mideast war, Ukraine military stalemate with Russia, and rising tensions with China over Taiwan, it’s important to remember that the modern era has been in crisis almost perpetually, and the U.S. stock market has continued to rise anyway.
The Federal Reserve today said it was not raising interest rates. Instead, the U.S. central bankers are waiting to see if their campaign of 11 interest rate hikes since March 2022 was enough to end the worst inflation cycle in over four decades.
The Wall Street Journal published an article on October 19 about investing that illustrates the difficulty for investors in understanding the basics of long-term retirement planning. Criticizing America’s No. 1 financial newspaper is not done lightly, and it’s important to see how the press often undermines prudent investing concepts crucial to retirement success. Here goes...
Office-space delinquencies tripled in the first six months of 2023, and office-space landlords and investors through mutual funds, retirement plans, and other packaged products must be alert to the following:
A mild recession will begin in the first quarter of 2024 and end in the second quarter, economists at The Conference Board (TCB), a think-tank for the world’s largest companies predicted Wednesday.
The number of job openings increased to 9.6 million on the last business day of August, the U.S. Bureau of Labor Statistics reported Tuesday, much more than the 8.8 million expected by Wall Street. It’s good news. If demand for workers stays this strong, a recession is unlikely because the number of workers earning income and spending will continue to rise as openings are filled in the weeks ahead.
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Inflation Declined And Stocks Rallied Today
Published Thursday, August 11, 2022 at: 9:28 AM EDT
Inflation cooled in June, according to Labor Department data. Compared to the +9.1% inflation rate in the 12 months through June 30, the consumer price index (CPI) in the 12 months through July 31 increased by +8.5%. The Standard Poor’s 500 rallied +2.1%.
However, just because inflation cooled in July and may even have peaked does not mean the worst of the financial economic turbulence is behind us. For long-term retirement investors and individuals building family wealth for the next generation, it’s prudent to expect current conditions to worsen.
Long- term investors must always deploy assets fully mindful that the timing of the next stock market decline or surge is virtually impossible to predict. However, predicting that the U.S. will grow after the current turbulence subsides is easier and that fundamental economic driver should serve as the linchpin in a strategy to build wealth.
A bear market began on June 13, when the Standard Poor’s 500 stock index closed more than -20% lower than its all-time closing high on January 3. By the close on June 16, the S&P 500 stock price bottomed out with a loss of about -23%. That’s a much smaller loss than typical bear markets in the recent past of 30, 40, or -50%.
In addition, if the Federal Reserve raises lending rates by 75 basis points on September 28, as is widely expected, then the yield curve will be inverted, which means that 90-day Treasury Bills would yield more than 10-year Treasury Bonds. Inverted yield curves in modern history have usually been followed within months by a recession and bear market.
Remember, investing is only one aspect of planning for retirement and building intergenerational wealth. Are you integrating strategic tax and financial planning with your investments?
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