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Monthly Market Update for August 2019

Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Uncertainty and volatility ruled the month of August, with globally depressed interest rates, US/China trade issues and the increased

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Next Gen Series: Importance of Goal Setting

Navigating independence for the first time as a young 20-something can be overwhelming. What career is right for me? When is the right time to buy my first house? Am I saving enough? Decisions made at this stage of life can now have significant consequences. Formal goal setting can help

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Next Gen Series: Budgeting Tips for Young Adults

One of the best things about being a young adult is that you are starting fresh with countless opportunities and choices ahead of you. The downside can be that mistakes made early in life can have long lasting and sometimes expensive repercussions in terms of debt and credit. Establishing a

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Monthly Market Update for July 2019

Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Markets maintained risk-on momentum in July, even as the Federal Reserve’s rate cut left investors questioning the degree of

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Under-Saved and Overconfident

Background When Congress passed Section 401(k) of the Revenue Act of 1978 they began a revolutionary risk-transfer as it relates to retirement savings. With employers increasingly embracing the cash flow predictability of defined contribution plans, the percentage of private-sector employees covered by a defined benefit plan has declined from nearly

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July FOMC Meeting Follow-Up Notes

Policy Pivot Underway: Heralded as the most important meeting of the year, the FOMC was fully expected to cut the Fed Funds rate for the first time since October 2008. In direct opposition to the negative outcomes triggered by hawkish concern this past December, the ~10% rally we’ve seen in

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U.S. Labor Market Update

As of June 30, 2019, the official U.S. unemployment rate resides at 3.7% which is very near the lowest in 50 years, as 21.5 million new jobs have been added in the last decade. This rate is well below the Federal Reserve’s longer run projected rate of 4.2% which has

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Next Generation Series: 529 Plan

This is our next blog in a series about setting up the next generation for success. In this piece, we outline the benefits of a 529 Plan A 529 plan is a tax-advantaged plan created to save money for college tuition, housing, books and other education-related expenses at most universities.

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Monthly Market Update for June 2019

Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Financial assets across the board performed well in June, capping a very strong first half of 2019. While global

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June 18th and 19th FOMC Meeting Follow-Up:

Policy Normalization on Target: With St. Louis Fed President James Bullard casting the first dissenting vote under Chairman Jerome Powell’s leadership, the FOMC voted to maintain the target range for the Fed Funds rate at 2.25% to 2.50%. As has been the case for recent meetings, this decision to take

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Next Gen Series: Raising Financially Responsible Children

Raising financially responsible children starts with having age-appropriate and open dialogues concerning money and family values at a young age. In addition to talking freely within the family, encouraging and demonstrating good money habits is critical. Children pattern their attitudes toward spending and saving after the grown-ups in their lives.

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Monthly Market Update for May 2019

Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: To paraphrase, the month of May came “in like a lamb” but went “out like a lion.” It was

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