What You Need to Know About the Latest White House Report
Today, whitehouse.gov released their annual Income, Poverty, and Health Insurance in the United States in 2015 report. There are six key points they outlined which paint an optimistic picture of the US Economy, particularly for the middle class.
Senate Bill 1234 Makes Grab for Retirement Savings, Whilst Sounding Made Up
On August 31st, California Senators passed SB 1234 (1234, you can’t make this stuff up) legislation to establish a State controlled retirement plan for workers without access to 401k or pension plans by employers with five or more employees. Governor Brown is expected to sign the bill into law this year.
Is Your Investment Strategy Flawed?
For years multiple studies have indicated that many public and private pension plans are woefully underfunded and potentially unable to pay their participants their long awaited lifetime of pension payments. For 14 years the American Academy of Actuaries and Society of Actuaries were engaged in a task force study to determine the extent of pension projected under-funding.
Financial Time Traveler’s Podcast – Ep 04, Why Aren’t You a 401k Millionaire?
Anton and Nyle discuss the FOUR major components of building a million dollar portfolio through an employer-sponsored retirement plan.
A Tale of Two Economies
Friday Federal Reserve Chairperson, Janet Yellen, representing her team of Federal Open Market Committee stated that, “In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the Federal funds rate has strengthened in recent months.”
Workflow 5 – Our Best Posts of the Month
Happy Friday! To celebrate our first complete month of blog posts, podcasts, and soon-to-be-released video podcasts, we thought it would be great to re-cap our best posts of the month. If you are new to this website, you will quickly learn that we are not just another personal finance blog.
Market Update: 3 Key Indicators and Telltale Signs
The US stock market has a history of making brilliant investors look like fools. Any trader with even a few years of experience can lament on many occurrences that the market destroyed well-researched investment strategies. The list of casualties is extensive, and some have resorted to illegal means to beat the market only to end up with losses and jail time.
Are You Feeling Wealthy?
Almost everyone is familiar with the polarizing question Dirty Harry once proposed we ask ourselves, “do I feel lucky?” However, not many people can remember the previous lines spoken by Clint Eastwood as well as the context of the iconic cinematography.
Market Update: “We Are All Keynesians Now”
When the US stock markets closed last Thursday, traders called it the “Trifecta Day.” Thursday was the first day since December 1999 that all three major indices closed at record highs. The DJIA closed at 18,613, NASDAQ at 5228.4, and S&P 500 at 2185.79. All indices are also positive in returns YTD.
Market Update: Fundamentals vs Technicals
In July the Brexit vote created significant global stock market volatility with massive investor selling. The selloff resulted in a drop in world equity values by trillions. Investors continued their selling the week following, but since then the US stock market has been in a steady recovery