Modern Europe’s (and Canada and Australia and…) vaunted social welfare programs have helped many people, but they haven’t eliminated poverty, nor let everyone retire in comfort. Could they simply have shifted spending forward, leaving future generations with the bill? Today, we’ll explore that question as part of my continuing Train Wreck series.
The latest Conference Board Leading Economic Index (LEI) for May increased to 109.5 from a revised 109.3 in April. The Coincident Economic Index (CEI) came in at 103.7, up from the previous month.
This morning's seasonally adjusted 218K new claims, down 3K from the previous week's revised figure, was better the Investing.com forecast of 220K.
Each year, Social Security’s Trustees report to Congress on the financial status of the program. This typically generates a number of anxiety-provoking media headlines about if/when it will run out of money. Gail Buckner, CFP, our personal retirement and financial planning strategist, takes a look at the facts. She says Social Security is actually in pretty good shape overall.
Of the two certainties we face – death and taxes – only taxes can be purposefully delayed or avoided altogether. Here are some ways to do that with highly appreciated securities.
Steps financial advisors can take to build deeper trust with clients as change occurs within the financial advice industry.
Californians live in fear of a devastating earthquake. But homeowners are far more likely to suffer a loss from a fire or even a sewer backup. The proper insurance protects against those losses. But, according to Brian Trouette, many homeowners lack sufficient coverage.
Today's report on Industrial Production for May shows a 0.1% decrease month-over-month, which was worse than the Investing.com consensus of 0.2%. The year-over-year change is 3.46%, down slightly from last month's YoY increase. Revisions were made to the previous five months.
Once each year, the Trustees of the Social Security and Medicare trust funds are required to provide a detailed status report to Congress, including financial projections well into the future. The latest reports were provided to Congress last week. There was good news and bad news, as usual.
When I ask an audience of advisors who wants to be a better salesperson, the room goes silent. I often say “sales” is not a four-letter word (it is five!).