Dow, S&P 500 Post Best Week Since March WEEKLY UPDATE – MAY 31, 2016 Stocks ended a solid week on a high note ahead of the Memorial Day weekend after statements by Federal Reserve officials boosted expectations of a rate hike this summer. For the week, the S&P 500 gained 2.28%, the Dow rose 2.13%, the NASDAQ increased 3.44%, and the MSCI EAFE added 2.11%.  Markets jumped on Fed statements last week after the previous week’s release of minutes from the April Fed meeting fanned expectations of an interest rate hike soon. On Friday, Fed Chair Janet Yellen stated support for an interest rate hike over the next few months, indicating that yes, the Fed is looking hard at a June or July rate increase if data holds. One measure of the probability of a rate hike at the June meeting rose to 34% after Yellen’s remarks, while bets […]
In a meeting this last week, a client asked me, “How can I measure the worth of a financial planner?” This client is a very knowledgeable and informed client, trying to understand a quantitative measurement for the hiring of a wealth manager. This question resulted in an intense research for quantitative measuring tools. Here is what I discovered: What you don’t know can definitely hurt, especially when it comes to comprehensive wealth and retirement planning. That’s why working with a CERTIFIED FINANCIAL PLANNER™ could make all the difference in the world. Here’s how CFP’s® are making a difference for those that choose to work hand in hand with one. According to a recent survey, of those that are within 15 years of retirement, a whooping 76% are stressed when it comes to their savings and investments. However, those working with a CFP® aren’t experiencing the same lack of confidence. With and […]
One of the biggest misconceptions when it comes to CERTIFIED FINANCIAL PLANNERS™ is that only the affluent can afford them. That couldn’t be further from the truth. In all honesty, you can’t afford NOT to hire a CFP® when it comes to planning for future expenses and here’s why.
Free Tax Help for Military Families “Free Tax Help for Military Families”, The IRS provides free tax help to military members and families through the Volunteer Income Tax Assistance program. VITA offers free tax preparation and advice at sites on and off base. Volunteers receive training on military-specific tax issues like combat zone tax benefits, special filing extensions, and other special rules. For more information about filing taxes as a member of the armed forces, speak to a tax professional or see IRS Publication 3, “Armed Forces’ Tax Guide.” Tip courtesy of IRS.gov The article is relatively short but contains enough information about the subject. If you like the article then please recommend our blog to others and share it with your family and friends.
How to take advantage of the new overtime rules If you’re a salaried employee, you could be getting a pay raise thanks to new law set to go into effect in December of this year. The Department of Labor recently bumped the threshold for overtime pay. Let’s take a look at those changes and see what you can do to take advantage of them. The new law sets the base salary for exempt employees at $47,476…an increase of $23,816. Before an employer could keep from paying overtime if the salaried employee made $455 a week, now that number is $913. That means employers will either have to increase salaries, start paying overtime if a salaried worker is under this mark or make sure employees don’t go over 40 hours. With these new rules you may be entitled to a bigger paycheck… either with a salary increase or overtime hours, meaning […]
Financial Steps After the Loss of a Loved One This week we take on the question about what to do after a loved one’s death. take some time to heal avoid penalties on the distribution don’t forget about Social Security benefits update your beneficiaries So above we have given a video lecture about steps to be taken after death (or even divorce). If you did not watch the video yet then watch it now. If you like the video and our article then please tell others about these and spread the knowledge, share it with your family and friends. Come regularly and read our blog and stay connected with us for more cool tips and knowledge.