Adjusting Your Financial Priorities Once You Are Single Again
Our experts discuss a case study centered on a newly divorced mother who now needs to re-evaluate her financial priorities now that she is a single-income family.
Our experts discuss a case study centered on a newly divorced mother who now needs to re-evaluate her financial priorities now that she is a single-income family.
The U.S. markets began the week closing well into red territory on Monday. Technology stocks traded lower on a variety of economic data. Personal Income grew by 0.3% in August, missing expectations of a 0.6% advance. August’s personal income was also down from an upwardly revised 0.5% jump in July, while real spending ticked up 0.4% last month, bettering July’s rate. U.S. pending home sales also retreated in August. Consumer confidence improved in September with the Conference Board’s consumer sentiment index’s final reading coming in at 103, up from 101.3 in August. Indices closed Wednesday’s session on a positive note, as Technology stocks rallied. The ISM Manufacturing Index dipped to 50.2 last month from 51.1 in August. Indices ended the week on a positive note, with Energy stocks leading the rally. Labor Department data showed an addition of 142,000 jobs in September; however, the results were well shy of an expected 200,000 jobs. The unemployment rate held tight at 5.1%.
If you converted an IRA to a Roth in 2014 and you’ve sustained a loss, all is not lost. But you only have until October 15th. Learn more in this week’s Financial Tip.
In today’s @MDJOnline, Bil Lako, CFP®, explains how a rollover as a business start-up is a risky move. Read the Article
As a sole proprietor, you can hire your spouse without having to pay FUTA taxes (federal unemployment) on their salary. Read all about it in this week’s Business Tip.
Calculate the yearly rate of return for several years for an accurate measure of a life insurance policy’s performance. We explain the Belth Yearly Rate of Return Method in this week’s Insurance Tip.
Disabled taxpayers may qualify for tax credits or benefits. We highlight several that may help you save in this week’s Tax Tip.
529 Plans are known for their flexibility for college savings. We answer some frequently asked questions in this week’s Financial Tip.
Our experts discuss using a retirement plan rollover as a funding for a business start-up.
The week began just slightly up after last Friday’s red session. While the broader market experienced gains, the overall results were tempered with a tumble in Biotechnology stocks following criticism from Hilary Clinton and the New York Times. Global stocks fell the next day, dragged down by shares of miners and other raw materials producers. Biotechnology drug makers suffered another day of criticism, resulting in their stock prices declining. Stock prices in Europe fell on news that Volkswagen’s clean diesel engines produce more emissions than U.S. and European standards allow. U.S. stock markets continued to lag mid-week with crude oil falling to $44.48 a barrel. Down trading sessions on Thursday and Friday cumulated the week’s red results. Labor Department data showed new jobless claims climbed by 3,000 to 267,000.