Blog

April
23

Provided by: Your Family CFO Team

The world is in debt…

The April 2018 International Monetary Fund (IMF) Fiscal Monitor reported global debt has reached a historically high level. In 2016, debt peaked at 225 percent of global gross domestic product (GDP) (the value of all goods and services produced across the world). Public debt is a significant component of global debt. The IMF wrote: “For…

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April
09

Provided by: Your Family CFO Team

You could almost hear the spurs jingling…

Trade tensions ratcheted higher last week as the United States and China staked new positions on the not-so-dusty main street of trade. It was the latest round of posturing in what has the potential to become a trade war between the world’s largest economies. Barron’s explained: “The trade battle has escalated since President Trump announced…

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March
26

Provided by: Your Family CFO Team

Why am I saving and investing?

After a week like last week, it’s an important question.  There are many reason people save and invest, including to: Live the life they want today and in the future Accumulate resources so they’re prepared for any bumps in the road Provide an education for their children Offer assistance to parents Support a young person…

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March
19

Provided by: Your Family CFO Team

It is a good time for a gut check…

Last week, after sliding lower for four days, the Standard & Poor’s 500 Index recouped some of its losses on Friday. The reasons behind the week’s poor showing were diverse. Barron’s reported: “The market is so discombobulated right now that it can’t even decide what it’s afraid of. What do we mean? When the Standard…

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March
12

Provided by: Your Family CFO Team

It’s a bird… It’s a plane… It’s a labor shortage!

There is little doubt the Millennial generation has been reshaping our world.  One of the most remarkable aspects of this demographic group is a preference for experiences over consumer goods.  “Three out of four millennials would rather spend their money on an experience than buy something desirable.  The “experience generation” is now a third of…

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March
07

Provided by: Jon McGraw

Check Status of a Tax Refund in Minutes

This article provided by the Internal Revenue Service (IRS). Check Status of a Tax Refund in Minutes Using Where’s My Refund? The Where’s My Refund? tool gives taxpayers access to their tax return and refund status anytime. All they need is internet access and three pieces of information: Their Social Security number. Their filing status….

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March
05

Provided by: Your Family CFO Team

As Yogi Berra once said: It’s déjà vu all over again…

Last week, global stock markets took a bit of a dip after President Trump announced a 25 percent tariff on steel and a 10 percent tariff on aluminum. Tariffs are taxes on goods imported from other countries. In general, governments impose tariffs to enhance revenue and/or protect domestic industries from competition abroad. Tariffs tend to…

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February
26

Provided by: Your Family CFO Team

US Treasuries – Supply and Demand

Last week, the U.S. Treasury auctioned $258 billion in bonds. Treasury auctions are the way the United States government finances its debt. The Treasury sells short-, intermediate-, and long-term IOUs, known as bills, notes, and bonds. When investors and governments purchase bonds, they agree to lend money to the United States. In return, the United…

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February
20

Provided by: Your Family CFO Team

As New York Fashion Week ended, inflation strutted its stuff.

Ever since the Federal Reserve began raising the Fed funds rate in 2015, analysts have been anticipating higher inflation. The fact that price increases remained relatively small was a perplexing mystery. Then, last week, inflation increased faster than expected. The Bureau of Labor Statistics reported the Consumer Price Index (CPI), one measure of inflation, rose…

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February
14

Provided by: Vince Pastorino

Getting Up to Speed as Retirement Draws Near

This article provided by Financial Media Exchange (FMeX) As you approach retirement, many important decisions await you.  If you have a qualified employer-sponsored retirement plan, whether it is a traditional pension or defined contribution plan, such as a 401(k), you will have to decide how to manage the plan’s proceeds once you retire.  Your choice…

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