Each year, the Social Security Board of Trustees releases a report which analyzes the current and projected financial health of Social Security and Medicare. We should all care about what the annual reports say because these programs provide essential benefits for seniors. The latest and previous reports have issued dire warnings of coming benefit shortfalls.
1. Overview – What is the “SECURE Act”? 2. The Retirement Savings Crisis in America 3. One Potentially Serious Knock on the SECURE Act 4. SECURE Act is Currently Tangled Up in the Senate
1. GDP Growth Slowed in 1Q, But Beat Expectations 2. US Businesses Raise Pay at Fastest Pace in 11 Years 3. Fed Meeting Today, Tomorrow – No Rate Hike Expected 4. What You Should Know About the Flattening Yield Curve 5. The Most Interesting Political Article I Read Recently
Given all the unusual factors attached to the current need to increase the debt ceiling, and the very unhealthy political climate, I could see a lot of turbulence in the markets just ahead. In a worst-case scenario, a debt ceiling crisis could even result in a new recession.
1. 3Q Gross Domestic Product Rises More Than Expected 2. Fed Seems to Admit That ZIRP Didn’t Work as Expected 3. President Trump Willing to Increase Domestic Spending 4. Time for the Fed to “Normalize” Monetary Policy 5. “Handing Down Your Legacy” Still Available For Free