February 2020
Retirement Articles This Week
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Entries by Wise Owl (1044)
Egg prices Are Way Up this year
U.S. egg prices continued their upward climb following the most devastating outbreak of bird flu in decades, according to a U.S. Department of Agriculture report this week.
Prices of large Grade A eggs delivered to store doors in the Midwest Regional area hit a range of $2.73 to $2.81 per dozen, the report showed.
Retired?...Need Income?
Motley Fool provides three ideas for dividend investors:
All joking aside, as one of the largest companies in the deathcare industry, StoneMor is a steady, all-weather business. StoneMor owns and manages a network of more than 400 cemeteries and funeral homes spread across 28 states and Puerto Rico. The master limited partnership offers a range of products and services, from burial lots and vaults to caskets and cremation services.
Always talk with your financial advisor first!
mortgage rates this week
Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage dipped to 3.91 percent this week from 3.98 percent a week earlier. The rate on 15-year fixed-rate mortgages declined to 3.13 percent from 3.17 percent.
Fidelity Average 401k Balance
The average Fidelity 401(k) balance dipped slightly at the end of Q2 to $91,100 from $91,800 at the end of Q1, and is nearly flat from the end of Q2 2014 average of $91,000.
However, IRA balances increased to $96,300 at the end of Q2, up from $94,000 at the end of Q1 and $92,500 one year ago.
Federal Reserve announced that it won't raise interest rates yet...
CNBC talks about this all day long....tune in if you want interest rate forecast. Every analyst has different view...September, December, possibly next year.
If the Fed does raise rates in September, it will be for the first time since 2006.
Top performing Vanguard Funds last quarter...
If you use Vanguard for your IRA or 401k, check the performance of your funds.
Amid high volatility, the Dow failed to end in the green in the first half of 2015 while S&P 500 managed to gain just 0.2%. The Dow was the only benchmark in the first quarter to end in the red, but S&P 500 joined the blue-chip index in negative territory in the second quarter. The S&P 500 thus ended its nine-quarter winning trend, but the Nasdaq managed to extend its winning streak to 10 quarters.
Oil...Under 47 Bucks a Barrel
Oil prices fell to near four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global oil supply glut that has halved prices over the past year.
Morningstar suggestions for your Fidelity 401k Plan
Your IRA account generally lets you invest in just about any investment; stocks, bonds, ETF's and mutual funds...very flexible.
Your 401k or 403b employer plan will be limited-generally you'll have a menu of diverisfied mutual funds, probably 20-30 funds...pretty simple. Many different providers administer these plans including Vanguard, T Rowe Price and Fidelity.
Morningstar has provided some model portfolio's if Fidelity administers your employer plan.
Donald Trump has a pretty nice pension...
Buried in Donald Trump’s financial disclosure form, released Wednesday, is a bit of a surprise: listed among the Donald’s receipts is a $110,228 Screen Actors Guild pension.
Trump starred in the NBC reality series “The Apprentice” starting with its debut in 2004, and its spinoff, “The Celebrity Apprentice,” from 2008. He earned $213.6 million over 11 years, according to a statement from his campaign. The network, owned by Comcast Corp., parted ways with Trump in June, after the Republican candidate’s campaign announcement speech included disparaging comments about Mexican immigrants
Greek Vote....A Big Fat goodbye EU
The final results in the Greek referendum hasn't been announced yet, but all signs are pointing toward a big fat "no."
Most Millennial's don't Trust the stock market or Social security
Baby Boomer's are worried and our younger generation isn't very optimistic about retirement.
Most millennials expect Social Security to go bankrupt before they retire, with 60 percent agreeing with that statement, according to a new survey by T. Rowe Price.
“ The thing that makes the millennial generation different than previous generations is that there will be almost no defined benefit pension plan ,” says Luke Delorme, Research Fellow at the American Institute for Economic Research. “It is basically on the shoulders of workers themselves to save. In order to have enough money to retire, people are going to have to do something. They can’t just count on their employer to do it for them.”