More professional practices (and practice groups) should look into them. In corporate America, pension plans are fading away. Only 16% of Fortune 500 companies offered them to full-time employees in 2018, according to Willis Towers Watson research. In contrast, legal, medical, accounting, and engineering firms are keeping the spirit of the traditional pension plan alive … [Read more...] about Cash Balance Plans
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Market Update (August 19th, 2019)
In this week’s recap: equities are hit by considerable volatility, following developments in the bond market as well as the U.S.-China trade dispute. THE WEEK ON WALL STREET U.S. stock indices saw significant ups and downs last week, with traders looking for economic cues from Treasury yields and also developments in the tariff fight between the U.S. and China. … [Read more...] about Market Update (August 19th, 2019)
Market Update (July 29th, 2019)
In this week’s recap: stocks rise, data shows economic growth slowing from the first quarter, and the stage is set for further U.S.-China trade discussions. THE WEEK ON WALL STREET Last week, investors assessed earnings and the initial estimate of second-quarter economic growth, while awaiting the Federal Reserve’s next announcement about interest rates. Stocks ros … [Read more...] about Market Update (July 29th, 2019)
Tax Moves to Consider in Summer
Now is a good time to think about a few financial matters. Consider making tax moves earlier rather than later. If you own a business, earn significant investment income, are recently married or divorced, or have a Flexible Savings Account (FSA), you may want to work on your income tax strategy now rather than in December or April. Do you need to pay estimated income … [Read more...] about Tax Moves to Consider in Summer
Market Update (July 22nd, 2019)
In this week’s recap: stocks dip as earnings season begins; investors wait for the July Federal Reserve meeting while considering retail sales data and comments from Fed officials. THE WEEK ON WALL STREET Stock benchmarks retreated during the first week of the second-quarter earnings season. As some big names shared quarterly results, investors seemed more interested i … [Read more...] about Market Update (July 22nd, 2019)