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Can We Afford to Live to 100?

Can We Afford to Live to 100?

Presented by | December 11, 2017

Our increased longevity poses a retirement planning challenge. Some of us may retire at 65 and live to 100 or 105. Advances in health care may make this a strong possibility. The corresponding question is: will we outlive our money? More people are spending more of their lives in retirement. According to the actuaries at […]

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Growth Report – Monday, December 11, 2017

Growth Report – Monday, December 11, 2017

Presented by | December 11, 2017

ANOTHER MONTH OF SOLID HIRING According to the Department of Labor, the U.S. workforce gained 228,000 more jobs than it lost during November. Annualized wage growth improved from 2.5% to 2.7%. The headline jobless rate held at 4.1% last month, while the U-6 rate, that includes the underemployed, ticked up a tenth of a percent […]

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End-of-the-Year Money Moves

End-of-the-Year Money Moves

Presented by | December 4, 2017

Here are some things you might want to do before saying goodbye to 2017. What has changed for you in 2017? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you will want to […]

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Growth Report – Monday, December 4, 2017

Growth Report – Monday, December 4, 2017

Presented by | December 4, 2017

CONSUMERS ACT ON THEIR CONFIDENCE A new factoid points out just how well the economy is doing: the federal government just upgraded its estimate of third-quarter growth to 3.3%. New data on consumer spending and confidence hints at fourth-quarter strength. Personal spending improved 0.3% in October following the 0.9% leap in September, and household wages […]

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Refrain from Tapping Your Retirement Funds

Refrain from Tapping Your Retirement Funds

Presented by | November 27, 2017

Resist the temptation. Your future self will thank you. Retirement accounts are not bank accounts. Nor should they be treated as such. When retirement funds are drawn down, they impede the progress of retirement planning, even if the money is later restored. In a financial crush, a retirement account may seem like a great source […]

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Growth Report – Monday, November 27, 2017

Growth Report – Monday, November 27, 2017

Presented by | November 27, 2017

CONSUMER SENTIMENT DECLINES FOR NOVEMBER The University of Michigan’s monthly gauge of how households perceive current and future economic conditions ended the month at a mark of 98.5. Compared to the 100.7 final October reading, this was a disappointment. Still, the index was up 5.0 points year-over-year. Richard Curtin, the economist in charge of the […]

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Park City resident asks, ” What are the retirement plan contribution limits for 2018?”

Park City resident asks, ” What are the retirement plan contribution limits for 2018?”

Presented by | November 20, 2017

Slight increases have been made due to mild inflation. You will able to put a little more into your workplace retirement account in 2018. The federal government has boosted the annual contribution limit on some of the popular qualified retirement plans thanks to inflation and made other adjustments worth noting. Contribution limits for 401(k)s are […]

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Growth Report – Monday, November 20, 2017

Growth Report – Monday, November 20, 2017

Presented by | November 20, 2017

YEARLY INFLATION BACK AT 2.0% Consumer costs ticked up just 0.1% in October, according to the Department of Labor. The marginal monthly gain left the annualized increase in the headline Consumer Price Index at 2.0%, down from 2.2% a month earlier. The core CPI has risen 1.8% in 12 months. Gasoline prices influenced the October […]

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Understanding Inherited IRAs

Understanding Inherited IRAs

Presented by | November 13, 2017

What beneficiaries need to know and consider At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future. Who was the original IRA owner? If the original owner was your spouse, you have a fundamental choice to […]

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Growth Report – Monday, November 13, 2017

Growth Report – Monday, November 13, 2017

Presented by | November 13, 2017

CONSUMER SENTIMENT INDEX DECLINES The University of Michigan’s monthly gauge of U.S. household sentiment fell to 97.8 in its initial November edition; analysts polled by Bloomberg estimated it would tick up to 100.8. While the 2.9-point dip from its final October level was the largest drop in a year, the index remained near a 13-year […]

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