Test driving a retirement plan includes identifying the difference between your after-tax income and your desired after-tax spending for any given year.
Indices began the week with gains as energy stocks stepped up on a slight dip in crude oil. Crude pared earlier losses as the session progressed. The markets closed with mixed moves on Tuesday when both the Dow Jones Industrial Average and S&P 500 index tacked on some points while the NASDAQ traded slightly into red territory. West Texas Intermediate crude climbed 3.3% to settle at $41.08 a barrel. Commerce Department data showed U.S. housing starts decreased in March, with new construction falling 8.8% to a rate of 1.09 million versus expectations of 1.17 million. The markets posted gains across the board on Wednesday as oil prices increased 4%. Existing-home sales ramped up 5.1% to 5.33 million in March versus expectations of 3.7% growth. Stocks took a pause in their upward climb on Thursday as the oil rally slowed and doubts persisted whether the stimulus measures of the European Central Bank were working. Indices were mixed on Friday with the Dow and S&P 500 adding marginal gains while the NASDAQ traded lower. Crude oil ramped up again as West Texas Intermediate crude increased 1.4% to settle at $43.73 a barrel.
The “Money Talks” hosts answer listeners’ questions on whether low oil prices bolstered consumer spending, interest on consumer debt vs. investment gains, water companies York Water and Middlesex Water Company and the problems plaguing global industrial company General Electric Co.
Stocks closed with mixed moves on Friday. The Dow and S&P 500 added marginal gains while the Nasdaq traded lower. Technology brands such as Microsoft and Alphabet shed some points. Meanwhile, McDonald’s earnings were better than expected.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how longevity risk can be managed with asset allocation. Read the Article
Just finished your business’s books for 2015? You have up to the due date of your business tax return to establish a SEP. Learn more in this week’s Business Tip.
Not coordinating your life insurance policy’s ownership & beneficiary designations, may nullify its purpose. Read more in this week’s Insurance Tip.
Indices closed in green territory on Wednesday. Brands such as Yahoo! and Intel stepped up following the release of better-than-expected quarterly results.
How much of your Social Security benefits are taxable depends on your total income, marital status and other factors. Read all about it in this week’s Tax Tip.
Stocks closed with mixed moves on Tuesday. The Dow and S&P 500 tacked on some points while the Nasdaq traded slightly into red territory. Brands such as Johnson & Johnson and UnitedHealth advanced following the release of better-than-expected quarterly results.