Indices rebounded up off back-to-back downswings on Wednesday. Stocks stepped up on a variety of economic news. Facebook declined in post-session trading despite the release of better-than-expected earnings and revenue estimates for the fourth quarter.
Not all long-term care recipients need a nursing home. Some may do just fine in an in-law suite, an assisted living facility or with a home health aide. We explain options in this week’s Insurance Tip.
Indices closed the session in red territory on Tuesday. 3M, Boeing, United Health and McDonald’s traded lower on the Dow. Meanwhile, crude oil took a breather. West Texas Intermediate crude dipped 1.85% today to settle at $64.35 a barrel. Energy brands such as Chevron and Exxon Mobil slipped on the news.
In retirement, your paychecks stop, but inflation can keep rising; therefore, your portfolio needs to maintain at least some growth potential. We explain in this week’s Financial Tip.
Indices closed in the red zone on Monday. Caterpillar and Apple led Dow decliners while utilities and energy sector brands lagged on the S&P 500.
The Tax Cuts and Jobs Act repealed the ability to recharacterize a Roth conversion. hensslervideo_personal_finance
This week on “Money Talks,” Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by Tax Manager John Dickson, C.P.A., CFP®, CVA, to discuss the market movements for the week, housing news, including, mortgage rates, and existing and new home sales, and how the markets are reacting to tax reform. John helps the guys take a deeper look into some immediate tax benefits for businesses, including a doubled Section 179 and 100% first year bonus depreciation. The experts round out the show answering listeners’ questions on the Vanguard Index Trust 500, capital gain exclusion on a home, and provide their advice to a retiree on taking community board positions.
This week on “Money Talks,” Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by Tax Manager John Dickson, C.P.A., CFP®, CVA, to discuss some immediate tax benefits for businesses, including a doubled Section 179 and 100% first year bonus depreciation.
For the week, favorable corporate earnings reports and a 2.6% annual rate of growth for the fourth-quarter GDP helped buoy investors’ confidence in equities. The market kicked off the week with indices again closing in new record territory on Monday. Stocks stepped up as the Senate arrived at a deal to resume full government activity. Energy sector brands traded up to a 52-week peak level. Mixed moves were on deck Tuesday, as the Dow Jones Industrial Average ended the trading session fractionally in the red. The S&P 500 Index and NASDAQ Composite hit new record levels. Moves were again mixed on Wednesday, when this time, the Dow closed at a new record level while the S&P 500 and NASDAQ shed some points. On Thursday, both the Dow and S&P 500 moved up to new all-time heights while the NASDAQ ended fractionally in the red for the day. In economic news, Department of Labor data showed initial jobless claims ticked up by 17,000 to 233,000 last week. Additionally, the latest report from the National Association of Realtors showed that total existing-home sales fell 3.6% in December from November’s total. However, sales increased 1.1% in 2017 to a 5.51 million sales pace—the highest rate in 11 years. The week ended with indices landing in new record territory on Friday. Brands stepped up on a variety of earnings and economic news. On another note, crude oil hit a two-year peak. West Texas Intermediate crude jumped 1.0% to settle at $66.14 per barrel. Looking elsewhere, Commerce Department data showed the economy grew at an annual rate of 2.6% in the fourth quarter, just shy of an expected pace of 3.0%.
Our experts answer listeners’ questions on the Vanguard Index Trust 500, capital gain exclusion on a home, and provide their advice to a retiree on taking community board positions.