Accentuating the Positive
There are some positive developments that may be improving the economic and retirement outlook for many Americans. We thought you’d like some hopeful news as we close out 2014.
There are some positive developments that may be improving the economic and retirement outlook for many Americans. We thought you’d like some hopeful news as we close out 2014.
Wall Street had a dramatic October, as investors grew anxious about the “Big E’s”: Ebola, Europe and easing (specifically, the end of QE3). Ultimately, stocks climbed higher with help from another big E: earnings. Domestic indicators were mostly positive and made the U.S. look like a bright spot in the global economy.
The federal government is giving Social Security benefits a 1.7% boost for 2015 and also lifting annual contribution limits on some key pension plans.