It Happened Last Week – – –
In case you missed the news, the US stock markets slumped last week. While this may be scary, this is something we’ve been expecting for some time.
Social Security COLA and Online Scams
In 2015, Social Security recipients got a small 1.7 percent Cost of Living raise but for 2016 there is no COLA. Also in this issue, how to spot online scams. Read more in our August newsletter.What Do Snake Oil Salesmen Look Like Today?
One of my favorite childhood movies was Disney’s Pete’s Dragon. Disney movies often have shady side characters and this one was no different. There was a salesman and his sidekick who were selling some sort of tonic that “cured” people from any kind of ailment....August Economic Update
As the quarter ended, the Bureau of Economic Analysis unveiled its initial estimate of second quarter growth: a decent 2.3%. However, June retail sales and personal spending numbers were released by the Commerce Department, and they were disappointing. To be positive, the latest Labor Department report showed no letup in the pace of hiring, with employers adding 223,000 new workers in June. Given this mixed bag of late spring and early summer statistics, investors wondered if the Federal Reserve might hold off on a rate hike until late in the year.
Retirement Plan Loans and Social Security
Loans from you retirement plan may be injurious to your retirement planning. Also this month: our top five Social Security questions and answers; and the “do-not-call” list for wireless phones. Read more in our July newsletter.Top 5 Answers About Social Security
Social Security celebrates its 80th birthday this year. Here’s my list of the top five questions and answers about Social Security.