It’s in your best interest to make arrangements to pay the IRS what you owe—even if you cannot afford it. We explain in this week’s special Tax Tip.
Indices closed in positive territory on Wednesday. JPMorgan Chase tacked on 4.23% today in the wake of better-than-expected quarterly results. Stocks stepped up on a variety of economic news.
An extension will move your tax filing date to Oct. 17, 2016, but it does not extend your time to pay! We explain in this Tax Tip.
Energy brands such as Exxon Mobil, PetroChina, Total, and BP ramped up on Tuesday alongside an upswing in crude oil. West Texas Intermediate crude tacked on 4% today to settle at $41.98 a barrel.
Things are changing in the world of higher education. Get the skinny on costs, debt and FAFSA deadlines in this week’s Financial Tip.
Indices closed in red territory on Monday. Health care stocks such as Valeant Pharmaceuticals, Celgene, and Regeneron Pharmaceuticals traded lower while financials such as JPMorgan Chase and Goldman Sachs Group stepped up. Early market momentum faded late in the session.
This week on “Money Talks,” Jim Crone, CLU®, CFS®, joins Matt Hames, CTFA, and Troy Harmon CFA, CVA, to discuss the week’s market movements, healthcare, unemployment and the Consumer Sentiment Survey. They also touch on the ISM Manufacturing and Services indices as well as Factory Orders. The hosts also discuss the latest changes the Department of Labor made to the definition of fiduciary standard under the Employee Retirement Income Security Act (ERISA). In this week’s case study, Jim helps the hosts explore a case study about an investor who is considering a long-term care annuity. The experts also answer listeners’ questions on oil companies BP and Exxon; life insurance trusts and estate taxes; and agricultural chemical companies Potash, Ciner Resources and Mosaic.
Our experts discuss annuities with a long-term care component and how they may be able to offset issues investors may have obtaining long-term care coverage.
The week began with a pullback in oil prices, which eroded the market’s recent rally. Commodities prices slipped, weighing on Energy and Materials shares. Many investors took comfort in Friday’s solid reading on U.S. manufacturing activity and the March jobs report, which further eased worries about the strength of the U.S. economy. However, concerns about sluggish global growth remained. The decline continued Tuesday with every sector in the S&P 500 falling, all but erasing the index’s gains for the year. The two-day losing streak was snapped Wednesday, led higher by Healthcare sector stocks. Minutes from the Federal Reserve’s March meeting showed policymakers left interest rates unchanged and reduced the number of planned rate increases to two from four. The market’s gains were short-lived as Financials and Energy stocks led the decline on Thursday. Friday’s gains were not enough to push the week into green territory, despite the rally in West Texas Intermediate crude.
Our experts weigh in on the Department of Labor’s newest changes regarding fiduciary standards for brokerage firms under the Employee Retirement Income Security Act (ERISA), and the U.S. Treasury’s tightened rules aimed at curbing tax inversion by U.S. based companies seeking to move their tax residence abroad.