When you hear the phrase “saving money,” what comes to mind? Take a few seconds to think of a few related words. We’ll wait.
International concerns weighed on U.S. markets last week, as Wall Street’s nerves were high due to Turkey’s currency plunging, ‘Brexit’ negotiations stalling, and the trade spat with China not letting up.
As you plan for retirement, you might come across something called the “4% Rule.” Its premise? If you take out 4% from your accounts in your first year of retirement (then adjust that amount each ensuing year for inflation), you would have enough money to last you 30 years. What a promise!
Topics: Financial Planning
Take just one look inside Tri-State stores and you’ll know right away: it’s officially back-to-school time! And if you have kids going back to school, you know that everything from crayons, markers, notebooks, folders, electronics, and clothes will be eating up your budget this month.
The U.S. economy surged 4.1% from April through June, which was its fastest pace since late 2014. The growth was driven by spending by you (the consumer), business spending, and an increase in exports.
Stocks were steady last week despite the increasingly tough trade talk from President Trump, who threatened to slap tariffs (taxes) on all $505 billion of China’s imported goods.
If you haven’t retired and you’re counting on a specific amount of Social Security income to fund your post-career lifestyle, you probably shouldn’t allocate those dollars just quite yet.
Topics: Social Security
After the U.S. imposed tariffs on $34 billion of Chinese goods on July 6th, China immediately retaliated with tariffs on the same amount of US goods. Because of China's retaliation, the U.S. announced last week, on July 10th, tariffs on $200 billion of Chinese goods that could go into effect around August 23rd.