Market Insights

4 Retirement Planning Mistakes You Probably Don't Even Realize You're Making

  1. Relying too heavily on Social Security

  2. Assuming your living costs will drop drastically

  3. Not taking advantage of catch-up contributions

  4. Forgetting about taxes

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Wells Fargo Said to Face DOJ Probe of Wholesale-Banking Business

  • The Department of Justice investigation is focusing on concerns that bank employees improperly altered customer data.

  • Some workers added information to internal customer records without the clients’ knowledge, a person briefed on the situation said in May.

  • Wells Fargo has struggled to move past a wave of scandals, which led to a Federal Reserve ban on increasing assets until the lender fixes its missteps.

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House Passes Bill Requiring Annual Counseling for Student Loan Borrowers

  • “Students and parents enrolled in federal loan programs will receive yearly counseling tailored to their needs,” Paul Ryan, House Speaker

  • “…with a complex federal financial aid system that provides little guidance to students, it’s often out of reach or leads to high student debt” – Ryan

  • The legislation is designed to improve “the timing, frequency and content of financial counseling,” - Suzanne Bonamici, D-Ore

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Embedded thumbnail for Investment & Economic Strategy Update: August 29, 2018

Investment & Economic Strategy Update: August 29, 2018

August 29, 2018
  • Market is experiencing record highs in the market with good numbers YTD

  • Approximately an 8% gain in the major indexes, mostly occurring in the past 6-8 weeks

  • The economy is strong and we expect more volatility in 2018

  • Trade agreement with Mexico is a positive for the U.S.

  • We expect more agreements to be reached with Canada and European Union achieving Fair Trade further strengthening the economy

  • The current administration’s cut backs on unnecessary regulation has netted positive earnings with good revenue growth

  • Corporate and personal tax restructuring are helping the consumer

Embedded thumbnail for Question: "Is Your Portfolio Suffering Because of Bonds?"

Question: "Is Your Portfolio Suffering Because of Bonds?"

August 29, 2018
  • Too many investors are over-allocated in bonds

  • Wall Street firms, banks and insurance companies collect a fee to “buy and hold” which does not account for the evolving market

  • An adaptive strategy adjusts to the changing economic scenario and allocates your portfolio accordingly

  • If interest rates continue to increase, investors that haven’t adapted may only break even or lose money despite the strong economy

SEC's Clayton Says Sales Contests Must Die

“Main Street investors have no tolerance for certain questionable sales practices such as high-pressure, product-based sales contests . . . I do not believe it is possible for an investment professional to say with credibility that the investment professional is not putting his or her own interests ahead of the interests of the customer." – Jay Clayton, SEC Chairman

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Embedded thumbnail for Equity Index Annuity, the Truth on Lousy Returns

Equity Index Annuity, the Truth on Lousy Returns

August 16, 2018
  • A commission-based product sold under suitability

  • Consumers are misled with promises of liquidity, free money bonuses & guaranteed returns

  • Reality is you only make a percentage of how the market performs and no dividend

  • Designed to make 1.5-2% return over a rolling 10 year time period

Embedded thumbnail for Investment Economic Strategy Update: August 15, 2018

Investment Economic Strategy Update: August 15, 2018

August 15, 2018
  • Economy continues to strengthen

  • Trade disputes still continue, but don’t concern our strategy because fair trade is good for all

  • Corporate earnings have been positive with approximately 70% of companies beating expectations

  • Remember, a strong economy doesn’t necessarily translate to short term gain in the equity market and will likely experience normal volatility

  • We continue to own very conservative positions on bonds

  • We are preparing to deploy cash we’ve been sitting on in conservative accounts into additional floating rate securities

  • Our research does not indicate any signs of recession

Embedded thumbnail for Question: “Cryptocurrency . . . Good or Bad?”

Question: “Cryptocurrency . . . Good or Bad?”

August 15, 2018
  • Cryptocurrencies are a fad

  • Investments are highly volatile, speculative stocks and are not real investments

  • We warn investors to stay away from the “Cryptocurrency Get-Rich-Quick” schemes

Retirement Planning: 3 Truths Younger Workers Need to Know

  1. Retirement isn’t often a choice

  2. Retirement isn’t a bargain

  3. The longer you wait to start saving for retirement, the worse financial shape you’ll be in

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