Weekly Economic Update 1/30/2017

HOUSEHOLD SENTIMENT GAUGE RISES AGAIN The University of Michigan’s Index of Consumer Sentiment gained 0.4 points from its preliminary reading this month to reach a final January mark of 98.5. That represents a 12-year peak for the index, which stood at 92.0 in January 2016.1,2      HOME SALES FELL IN DECEMBER Given costlier mortgages, rising … Read more

Retirement Insights January 2017

January 2017

Can You Work Your Way into Retirement? As 2016 ended, the 17th Annual Transamerica Retirement Survey appeared and noted a preference for a phased retirement among a majority (53%) of workers polled by the insurance and investment company’s Center for Retirement Studies. In fact, 48% of the pre-retirees surveyed felt that their current employer would … Read more

Weekly Economic Update 1/16/2017

RETAIL SALES RISE 0.6% All of this December gain can be attributed to increased car buying and gasoline purchases; in fact, retail sales were flat with those two categories removed. Analysts surveyed by MarketWatch had projected a 0.8% December advance. Census Bureau data shows that online sales rose 13.2% in 2016, while department store sales … Read more

Is the DOL Fiduciary Standard a Plus for Investors?

DOL Rule

Will it make a difference in the quality of the advice they receive? Next year, the Department of Labor is scheduled to introduce new rules regarding retirement planning. Under these rules, any financial services industry professional who makes investment recommendations to workplace retirement plan participants or IRA owners in exchange for compensation will be considered … Read more