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Brower Financial Group Articles

Ponte Vedra Financial Planner | Weekly Economic Update  - August 14, 2017

Posted by Brower Financial Group on Aug 15, 2017 7:58:25 AM

WEEKLY TIP

The investment markets experience cycles, and the major indices inevitably see downturns at some point. If you are focused on long-term performance, the good news is that the markets have the potential to rebound in reasonable time. If your portfolio is diversified, that may provide you with some insulation in a correction.

TAME INFLATION PERSISTS

Can the Federal Reserve justify another interest rate hike in the second half of 2017? Given weak inflation pressure, maybe not. The central bank has set a 2% yearly inflation target, but the Consumer Price Index rose only 0.1% in July, resulting in a 1.7% year-over-year gain. Core consumer prices rose 0.1% for a fourth consecutive month in July, so annualized core inflation was also at 1.7%. The Producer Price Index fell 0.1% last month; analysts polled by Briefing.com expected a 0.2% rise.1,2

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Topics: Weekly Economic Update

Ponte Vedra Financial Planner | Weekly Economic Update  - August 7, 2017

Posted by Brower Financial Group on Aug 9, 2017 8:00:25 AM

WEEKLY TIP

If you are in your twenties, saving should be your top financial goal: saving for emergencies, for investment, and for retirement.

LATEST JOBS REPORT BRINGS GOOD NEWS

U.S. payrolls swelled with 209,000 net new workers in July, according to the Department of Labor. That beat the 183,000 estimate by analysts surveyed by Reuters. About 53,000 of the hires were at restaurants and bars, with another 49,000 in the professional and business services category. While yearly wage growth remained at 2.5%, the headline jobless rate ticked back down to 4.3%. The U-6 rate (which includes the underemployed) stayed at 8.6%.1

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Topics: Weekly Economic Update

Ponte Vedra Financial Planner | Weekly Economic Update  - July 24, 2017

Posted by Brower Financial Group on Jul 26, 2017 8:51:36 AM

WEEKLY TIP

Business owners can waste hours chasing late payments. If you have clients or customers who constantly pay late, ask yourself whether keeping them is worth the headache. It may not be.

WILL STOCKS GET AN EARNINGS BOOST?

While the first full week of the Q2 earnings season saw no pronounced rallies, there were also no shocks. By Friday’s closing bell, 20% of S&P 500 member firms had reported calendar Q2 results, and a FactSet analysis showed 77% had topped sales projections and 73% had beaten earnings-per-share forecasts – a good sign in an earnings-driven market climate. The Nasdaq Composite gained 1.19% last week and settled at 6,387.75 Friday; the S&P 500 rose to 2,472.54 after a 5-day gain of 0.54%. As blue chips fell 0.27% across five trading days, the Dow Jones Industrial Average closed at 21,580.07 Friday. All three indices hit record highs during the week.1,2 

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Topics: Weekly Economic Update

The Real Cost of College

Posted by Brower Financial Group on Jul 13, 2017 10:46:50 AM

It may not be what you think.

How much will your family end up paying for college?

Your household’s income may have less influence than you think – and some private colleges may be cheaper than you assume.

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Ponte Vedra Financial Planner | Weekly Economic Update  - July 10, 2017

Posted by Brower Financial Group on Jul 11, 2017 10:27:59 AM

WEEKLY TIP

Many life and auto insurance policies offer the buyer the option to pay premiums on a month-to-month or quarterly basis. While this option is convenient, these fractional premiums sometimes prove more expensive than a lump-sum premium paid annually.

HIRING PICKS UP AGAIN

The Department of Labor announced some good news Friday: the creation of 222,000 net new jobs in June, the largest hiring gain in four months. Approximately 4.7 million people reentered the labor force and found work in June, a peak unmatched in 27 years of monthly data. Wages rose 0.2% for an annualized gain of 2.5%. The main unemployment rate ticked north to 4.4% as more Americans joined the job hunt; the U-6 rate, including the underemployed, increased 0.2% to 8.6%, its first rise since January.1

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Topics: Weekly Economic Update

Ponte Vedra Financial Planner | Weekly Economic Update  - June 13, 2017

Posted by Brower Financial Group on Jun 13, 2017 9:38:45 AM

WEEKLY TIP

One option that might help you leave more of your assets to charity when you pass away: put provisions in your estate planning documents that allow heirs to individually disclaim some or all of their inheritance in favor of a charitable donation. The disclaimed portion of the inheritance that is donated to charity will not be subject to estate tax. 

AN UPBEAT REPORT ON THE SERVICE SECTOR

The Institute for Supply Management’s May non-manufacturing purchasing manager index displayed a reading of 56.9 last week, showing expansion in U.S. service industries for an eighty-ninth straight month. Although the gauge declined 0.6 points from its April mark, it signaled a solid pace of growth. The index’s employment component rose 6.4 points to a mark of 57.8, as 15 industries added workers in May. The PMI has averaged a reading of 55.9 over the past 12 months.1

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Topics: Weekly Economic Update

An Estate Planning Checklist

Posted by Brower Financial Group on Jun 5, 2017 5:04:45 PM

What to check (and double-check).

Provided by Brower Financial Group

Create a will if you do not yet have one.

A valid will may save your heirs from some expensive headaches linked to probate and ambiguity. A solid will drafted with the guidance of an estate planning attorney will likely cost you a bit more than a “will-in-a-box,” but may prove worth the expense.

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Topics: Insider, Millennial Investing, Retirement Planning

Ponte Vedra Financial Planner | Weekly Economic Update  - May 30, 2017

Posted by Brower Financial Group on May 30, 2017 1:50:27 PM

WEEKLY TIP

Some of the financial choices you make in the years just before and after your retirement may be unalterable. In recognition of that, an objective review of your retirement plan is a must as you approach your sixties.

CONSUMER SENTIMENT DECLINES JUST A BIT

Ending May at a mark of 97.1, the University of Michigan’s consumer sentiment index fell 0.6 points from its preliminary reading for the month. Economists polled by MarketWatch had forecast the gauge to remain at 97.7.1

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Topics: Weekly Economic Update

Ponte Vedra Financial Planner | Weekly Economic Update  - May 15, 2017

Posted by Brower Financial Group on May 17, 2017 9:49:16 AM

WEEKLY TIP

Your retirement may last 20 years or longer. So, while you might want to invest more conservatively with age, you may not want to abandon equity investments that give you the potential to grow your savings at a rate faster than inflation.

A SOLID RETAIL SALES READING

Americans bought more in April. The pace of retail purchases hastened by 0.4% last month, and the Bureau of Economic Analysis revised the 0.2% March retreat into a 0.1% gain. Headline retail sales were up 4.5% across the 12 months ending in April. Core retail sales rose 0.3% in the fourth month of the year.1,2

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Topics: Weekly Economic Update

The Importance of Financial Literacy

Posted by Brower Financial Group on May 11, 2017 1:24:27 PM

"Too few Americans understand personal finance fundamentals."

Provided by Brower Financial Group

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Topics: Insider, Millennial Investing, Retirement Planning