Business/Economic News

IRS Raises Retirement Plan Contribution Limits – 2015

IRS Raises Retirement Plan Contribution Limits Roth & traditional IRAs won’t get 2015 COLAs, but other plans will. A little inflation means a little adjustment. As the Consumer Price Index is up 1.7% over the last 12 months, the federal government is giving Social Security benefits a 1.7% boost for 2015 and lifting annual contribution limits on key pension plans as well.1 401(k), 403(b), 457 & TSP annual contribution limits increase by $500. You will be able to defer up [...]

By |2017-03-28T08:17:21-04:00December 4th, 2014|401(k)/403(b), Business/Economic News, Financial Fitness, IRA, Retirement|Comments Off on IRS Raises Retirement Plan Contribution Limits – 2015

How Is Health Care Reform Affecting the Federal Deficit?

How Is Health Care Reform Affecting the Federal Deficit? Some analysts think it is helping reduce the deficit; but others wholeheartedly disagree. Has the Affordable Care Act actually cut Medicare spending? The numbers from the Congressional Budget Office make a pretty good argument for that, and suggest that the ACA has had a distinct hand in the recent drop in the federal deficit. Detractors of the ACA say that statistical argument doesn’t tell the whole story. Medicare has been a [...]

By |2017-03-28T08:17:21-04:00November 6th, 2014|Business/Economic News, Health Insurance, Personal Finance|Comments Off on How Is Health Care Reform Affecting the Federal Deficit?

The Market’s Wild Swings

The Market’s Wild Swings A hugely volatile week concludes. What’s next as earnings season gets underway? During this past trading week, volatility ruled Wall Street. In fact, stocks either fell or rose 1.5% or more on three consecutive trading days. That had happened only 54 times since 1928.1 What prompted these ups & downs? Several factors. The International Monetary Fund just cut its global and Asia growth forecasts for 2015 and stated that the eurozone could soon slide into another [...]

By |2017-03-28T08:17:21-04:00October 10th, 2014|Business/Economic News, Investing|Comments Off on The Market’s Wild Swings

Why the Poor Q1 GDP is No Big Deal

Why the Poor Q1 GDP Is No Big Deal Economists aren’t alarmed. Investors shouldn’t be either. Blame it on winter, not the consumer. The second estimate of first-quarter growth arrived on May 29, and according to the Bureau of Economic Analysis there was no growth at all. For the first quarter in three years, the economy contracted: U.S. real GDP was revised down to -1.0%. Wall Street shrugged when it heard the news, and the S&P 500 actually gained 0.54% [...]

By |2017-03-28T08:17:25-04:00July 3rd, 2014|Business/Economic News, Investing|Comments Off on Why the Poor Q1 GDP is No Big Deal

Rising Interest Rates

Rising Interest Rates How might they affect investments, housing & retirees? How will Wall Street fare if interest rates climb back to historic norms? Rising interest rates could certainly impact investments, the real estate market and the overall economy – but their influence might not be as negative as some perceive. Why are rates rising? You can cite three factors. The Federal Reserve is gradually reducing its monthly asset purchases. As that has happened, inflation expectations have grown, and perception [...]

By |2017-03-28T08:17:25-04:00June 11th, 2014|Business/Economic News, Interest Rates, Personal Finance|Comments Off on Rising Interest Rates
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