Our investors were rewarded this quarter with positive returns. Every one. The average total return was about 2%. Domestic inflation for the quarter is not yet known, but is expected to be around .5%. FPAI clients, your second quarter preliminary asset management reports have been posted to your secure web portals. Who is Mary Barra? She is the CEO and… Read more →
Category: Investing
Brexit and Quick Notes.
(This blog post was written at around 4AM on Friday, June 24. It was supposed to have been email blasted to our clients at 9AM that morning, but a technical problem prevented it from being distributed at that time.) As I write this, 4.5 hours before US markets open the WSJ is reporting that Britons have voted, by the slimmest of margins to leave… Read more →
Preliminary Asset Management Reports, Kids, Debt and More.
Clients of Financial Planning Associates, Inc., your 1st quarter preliminary reports have been posted. Final reports will be posted as soon as final consumer price index information becomes available. Our clients generally increased their wealth during the first quarter, although there were some portfolios with slight losses. The average of our clients’ returns was +1.00%. Do you have debt? As the graphic below points… Read more →
401K Rollovers, IRAs, RMDs and Fiduciaries
Are you planning to roll your 401K account into an IRA when you retire? As a rule that’s exactly what we recommend that our clients do, and for some very good reasons: A direct rollover is not a taxable event, so the beneficiary can continue to defer taxation of income and gains just as if the assets had stayed in the employer’s… Read more →
Social Security, Healthcare Costs and More.
Did you know that social security beneficiaries can have as many as 150,000 options to consider when making their benefit elections? That’s right, according to Laurence Kotlikoff, Ph.D., Professor of Economics at Boston University you might need to consider as many as 150,000 options in order to receive your maximum benefit. Dr. Kotlikoff has co-written a book entitled, Get What’s Yours, The… Read more →