Four Lessons Grandparents and Grandchildren Can Learn Together
Financially speaking, you and your grandchildren have more in common than you think. We explain in this week’s Financial Tip.
Financially speaking, you and your grandchildren have more in common than you think. We explain in this week’s Financial Tip.
Our experts discuss a case study that explores the strategy of gifting away assets to qualify for Medicaid in the future.
Declines in commodity-sensitive stocks caused the markets to trade slightly lower on Monday. Energy brands led the way down ahead of the Federal Reserve’s two-day April meeting. Commerce Department figures showed new home sales dipped in March, falling 1.5% to a rate of 511,000. February sales were upwardly revised to 519,000. Tuesday’s trading session ended mixed with the Dow Jones Industrial Average and the S&P 500 index adding gains while the NASDAQ closed in the red. Moves were mixed on a variety of economic news, including a tick up in durable goods orders for March, and a fall in The Conference Board’s Consumer Confidence index. The mixed results continued Wednesday following comments from the April Federal Open Market Committee meeting. Policy makers left interest rates unchanged and left an increase in June unconfirmed. Thursday’s results were down across the board after the Commerce Department reported the U.S. economy grew at 0.5% in the first quarter, which was below analysts’ expectations. On Friday, West Texas Intermediate crude oil slipped 0.2% to settle at $45.92 a barrel. On another note, Commerce Department data showed consumer spending ticked up just slightly in March, increasing a mere 0.1%, half the amount anticipated. Personal income rose by 0.4% last month. The University of Michigan’s consumer sentiment index fell to 89 from 91, slightly below expectations of 90.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains mapping out your liquidity needs for retirement. Read the article.
Health care coverage is a great employee benefit, and employers have choices in what they offer. We explain in this week’s Business Tip.
Long-term care is generally defined by three different levels. Learn more in this week’s Insurance Tip.
Capital gains and losses don’t just apply to stocks. The rules also vary depending on the type of property the asset is. Read all about it in this week’s Tax Tip.
DOL issues new rule for financial professionals if advice provided relates to retirement plans or IRAs. Read more in this week’s Financial Tip.
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.