After the Trump Administration announced that it would impose 10 percent tariffs on another $200 billion worth of Chinese goods, starting Monday September 24 – and then the Chinese said they would retaliate with 5-10 percent tariffs on $60 billion of U.S. goods, the stock market rallied…and then kept on going up, throughout the week. The proximate rationale for the bump was that tariff levels were lower than expected and on the U.S. side, excluded a number of consumer-friendly goods, like iPhones, smart watches and sneakers.
Read MoreFall will officially start on September 22nd, which means that you may have already seen Halloween candy displayed along the aisles of your local grocery or drug store. It also means that the kids are back to school and you can now redirect your attention back to your money issues, before the onslaught of the holiday season sucks you in. To help, here are 5 Financial Pitfalls to avoid before the end of the year.
Read MoreThe traditional anniversary gift for a tenth anniversary is tin or aluminum, so to honor the milestone of ten years since the financial crisis, let’s make a pinky swear and vow not to turn a tin ear to what happened and learn some important lessons.
Read MoreHere some good news amid Life Insurance Awareness Month: Technology has vastly improved the process of applying for and securing a policy. That should be helpful for the approximately 50 million households who say they need more life insurance. In fact, 40 percent of those surveyed in the 2018 Insurance Barometer Study (conducted by Life Happens and LIMRA) do not know how much coverage they need and what type of life insurance to buy.
Read MoreSo far, tariffs and trade conflicts have not negatively impacted the labor market. The economy added a solid 201,000 jobs in August and with revisions to the previous two months (down 50K), employers have added an average 207,000 a month to payrolls this year, quite a feat, considering that we are in the tenth year of the expansion.
Read MoreIt has been one year since credit monitoring company Equifax announced that a “Cybersecurity Incident” had exposed names, Social Security numbers, birth dates, addresses and, in some cases, driver’s license and credit card numbers, from nearly 148 million Americans, which means that it’s time for an identity theft prevention check in.
Read MoreWhile many were kicking back during the last unofficial week of the summer, one of the most interesting bits of news that fell below the radar was the resignation announcement from Seth Frotman, the student loan ombudsman at the Consumer Financial Protection Bureau. It may seem a little inside baseball, but as reported in the New York Times, Frotman said in his resignation letter that "millions of borrowers had been harmed" by ‘sweeping changes’ at the bureau under Mick Mulvaney, President Trump’s budget director, who became the bureau’s acting director in November.
Read MoreIt used to be that the last couple of weeks in August were slow ones for investors. Well, not this year. Neither the double whammy of Michael Cohen’s pleading guilty and Paul Manafort’s conviction, nor the escalating economic problems in emerging markets (Venezuela and Turkey) could keep stock market indexes from reaching new highs.
Read MoreIn honor of the 83rd anniversary of The 1935 Social Security (SS) Act, here are some questions that I have received from you about the nation’s main retirement program.
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