Economic Update 05/23/16

By Robert Pagliarini on May 23, 2016

WILL THE FED MAKE A MOVE IN JUNE? In April, the Consumer Price Index advanced 0.4% – its largest monthly gain since February 2013. While a 10% leap in gasoline prices contributed to that rise, this and other recent signals of economic vigor may be influencing the Federal Reserve. Last week, minutes from the central…

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Diversification Is a Good Thing: CFP Board Ambassador Offers Tips on Which Assets to Diversify and How

By Robert Pagliarini on May 19, 2016

Diversification is a good thing; it is the most effective, least expensive, and easiest-to-implement strategy in an investor’s toolbox to reduce the risk of loss, without sacrificing return. The concept of diversification is readily grasped in a bit of homespun wisdom: when your mother advised “not to put all your eggs in one basket,” she…

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Weekly Economic Update 05/16/16

By Robert Pagliarini on May 16, 2016

A MAJOR JUMP FOR RETAIL SALES Friday, the Department of Commerce reported a 1.3% April gain in U.S. retail purchases. The core retail sales advance was also impressive at 0.9%. Minus car and truck buying, retail sales were still up 0.8% last month. IMPROVEMENT IN CONSUMER SENTIMENT The University of Michigan’s much-watched household sentiment index…

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Economic Upate 05/09/16

By Robert Pagliarini on May 9, 2016

APRIL JOBS REPORT RAISES QUESTIONS Employers hired 160,000 more workers than they let go last month, and that net job gain was the smallest since September. Does this suggest a job market losing steam, or does it hint at an economy nearing full employment? The hiring number may make the Federal Reserve reconsider the possibility…

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Retirement Planning For Millennials

By Robert Pagliarini on May 4, 2016

If you are younger than 35, saving for retirement may not feel like a priority. After all, retirement may be 30 years away; if your employer does not sponsor a retirement plan, there may be less incentive for you to start. Even so, you must save and invest for retirement as soon as you can.…

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Economic Update 05/02/2016

By Robert Pagliarini on May 2, 2016

INCOME OUTDISTANCES SPENDING Personal income rose 0.4% in March, yet the Commerce Department reported personal spending up just 0.1%. That mild uptick contributed to a poor first quarter for GDP; last week, the Bureau of Economic Analysis estimated Q1 growth at 0.5%. CONSUMER OPTIMISM DECLINES The Conference Board’s consumer confidence index dipped 1.9 points in April…

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Economic Update 04/25/16

By Robert Pagliarini on April 25, 2016

HOME SALES REBOUND Bouncing back from a drop of 7.3% in February, existing home sales improved 5.1% last month. In its March report, the National Association of Realtors announced a median sale price of $222,700, 5.7% higher than a year ago. BUILDERS BREAK GROUND ON FEWER PROJECTS While home sales increased last month, the pace…

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Advice from Warren Buffett

By Robert Pagliarini on April 21, 2016

If you ask someone who the “world’s greatest investor” is, the answer more often than not may be “Warren Buffett.” That honor has never formally been awarded to him, and many other names might be in the running for that hypothetical title, but one thing is certain: the “Oracle of Omaha” is greatly admired in…

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Does It Make Sense To Downsize In Retirement?

By Robert Pagliarini on April 20, 2016

You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but the upkeep costs haven’t fallen. Should you retire and keep your home? Or sell your home and retire? Maybe it’s time to downsize. Lower housing expenses could put more cash in your pocket.…

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The Benefits of a Roth Conversion in a Down Market

By Robert Pagliarini on

Converting a traditional IRA to a Roth IRA is no easy decision. After all, it is a taxable event. When the stock market is down or sluggish, however, a Roth conversion has more appeal. Traditional IRA owners “go Roth” for some very good reasons. A Roth IRA can be a resource for tax-free retirement money.…

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