Last week, the markets experienced their first daily loss of more than 1.0% since last October. As of Friday’s close, the S&P 500 was down 1.44% for the week as a result of Washington’s political battles related to repealing Obamacare. However, this was a market pullba
Last week, the markets experienced their first weekly stall in more than a month. As of Friday’s close, the S&P 500 was down 0.44% for the week. This market slowdown was no surprise as stocks have been long overdue for at least a pause in the Trump-induced rally. Actually, s
Last week, 20,000 on the Dow transformed from being a ceiling to a potential “launching pad” for the overall stock market. As of last Friday, the Dow stood at 20,071, while the S&P was approaching 2,300. All three major indices approached record highs last week with th
The markets had a relatively calm week, as investors largely continued the “Trump trade” that we’ve seen since Election Day. Many on Wall Street are leery about the possibility of a “buy-the-president-elect” and “sell after Inauguration Day”.
As we wrap up 2016 and look forward to ushering in the New Year, we have a couple reminders and important changes to be aware of for 2017. End of Year Deadlines Deadline for Required Minimum Distributions (RMDs)*: Clients who are 70½ or older must take an RMD from their
Addressing the potential threat of long-term care expenses may be one of the biggest financial challenges for individuals who are developing a retirement strategy. The U.S. Department of Health and Human Services estimates that 70% of people over age 65 can expect to need long-term ca
After three weeks of “post-election” gains for the major domestic averages, the “Trump Bump” that’s been fueling markets finally hit a speed bump. The S&P 500 and the NASDAQ Composite finished the week firmly in the red, falling 0.97% and 2.65%, resp
Wow…what a week…a stunning presidential election upset with political “experts” wrong about the outcome and most investors betting on a Hillary Clinton victory. As I watched the election results around 2am, and it became clear that Donald Trump could actually b
With less than 10 days until the presidential election, Wall Street is in a “wait and see” mode. Several clients have asked me what the impact of the election might be should either Clinton or Trump win. Well…the market does not like “uncertainty”, theref
The Fed took center stage this past week and opted to leave interest rates unchanged. This was not unexpected although there was a possibility of a “surprise ” rate hike that kept some investors on the sidelines. The Fed did alter some language from the prior meeting by st
Retirement Alert Workshop When: 1:30 PM Where: Naples Daily News Community Room 1100 Immokalee Rd, Naples, FL 34110 If you are retired or nearing retirement – you will not want to miss this event! You and up to 3 guests are cordially invited to a complimentary “Retirement Alert Workshop” Please reserve your seats by calling Michele at: (888) 871-9797 or register online below Come listen, learn and get answers to these important questions: How to reduce or eliminate taxation on Social Security Facts on what is exempt from nursing home attachment How to protect your assets from catastrophic illness and nursing homes without purchasing expensive long term care insurance How to avoid the IRA/401k “Tax Time Bomb” that allows the IRS to wipe out up a big chunk of your retirement accounts How will Obama-Care – National Health Care Reform seriously impact the rest of your retirement years? How to obtain returns linked to the stock market without market risk Probate and how to avoid it Wall Street Crisis – is it possible we are heading toward another market crash? How to position your assets so you won’t be affected again Variable Annuity Owners, is your annuity charging you outrageous fees? Learn what your broker doesn’t want you to know Pension & social security rescue: Will your spouse have enough income if they outlive you? Beneficiaries – is your money transitioning to who you really want it to go to once you pass? NEWS FLASH TOPIC !!! POTENTIAL FINANCIAL IMPACT OF A TRUMP PRESIDENCY Guest Speaker – Dr. Frank Ragonese – Financial & Risk Management Expert Your speaker will be Dr. Frank Ragonese, Founder of Pelican Wealth Advisors, LLC, a Registered Investment Advisor firm. “Dr. Frank” has over 25 years of risk management experience and was Director of Risk Management for one of the largest corporations in the world. He will discuss techniques that can be applied to a broad spectrum of risks faced by retirees and pre-retirees during these very turbulent times. Please register below: Your Name (required) Your Email (required) Address City, State and Zip Phone Number Which Event and Date Are You Interested In? Your Message Enter the letters and numbers you see below.