News you can use

This Week's News in Wealth Management

The Federal Reserve’s new Beige Book for August rolled in, and it’s a recipe for broad, steady growth that is neither too hot nor too cold - a “Goldilocks economy.” Conditions are “just right” because the Fed feels no pressure to hit the brakes on the economy any time soon, particularly with inflation slowing.

Since growth is coming with almost no inflation, the Fed is nowhere even close to considering tightening credit.
That’s good because Fed intervention, when rates are hiked too much by policymakers and choke off growth, always eventually causes a recession. With no Fed action on the horizon, this 99-month-old expansion could very well surpass the record 120-month long post-War boom of the 1990s.

...
Continue reading

Join us for a Night of Education and Hors d'oeurves on September 14th.

Bring a friend or family member to our free event.  Learn How to Avoid Financial Landmines and Cyber Security and Beyond on Thursday, September 14th, 2017 from 5:30 pm until 7:30 pm at Prosperity’s First Floor conference Room.

The event will feature special guest speaker Brian Nash, Regional Director for Goldman Sachs Asset Management. Brian is responsible for managing Goldman Sachs’ Independent Financial Advisor relationships in Northern California. Brian joined Goldman Sachs in 2005 and brings over 12 years of industry experience to the firm. Prior to this role Brian was a Regional Consultant for Goldman Sachs in their Chicago office. Brian received his BA in Finance from the University of Illinois and his MBA from Kellogg University.

...
Continue reading

Horse Sense Economics as Stocks Break Another All time High

According to the Federal Reserve Bank’s latest Beige Book, modest to moderate gains in the U.S. economy are just ahead. “Consumer spending appears to be rising across a majority of Districts, led by increases in non-auto retail sales and tourism,” said the U.S. central bank’s report.

Published every six weeks, the Beige Book summarizes economic data collected by the 12 Federal Reserve Districts. In the 32-page mid-July report, many Districts noted softer consumer spending, particularly in auto sales, which declined in six Districts.

...
Continue reading

Join us for 2nd Annual Client Appreciation Golf Event!

Join us for 2nd Annual Client Appreciation Golf Event on Monday, August 21, 2017at the Callippe Preserve Golf Course!

Help us raise awareness and support for A Brighter Day, which unites stress and depression resources with teenagers, and will reach upwards of 500 teens in only our second year.

...
Continue reading

Advanced Financial Strategies for CPAs Event a Big Success

On June 22, Prosperity Financial principals Elliot Kallen and Chuck Ballweg hosted an Advanced Financial Planning event strictly for CPAs and Lawyers. Speakers included Simeon Hyman, Senior Director at Proshares and Ryan Chapman, Regional Vice President at the Blackstone Group.

Discussion topics include "Avoiding Landmines in Today's Bullish Environment" and the "Barbells of Alternative Investments".

...
Continue reading

Count Off 3 Tax Breaks For Higher Education

Going to college these days costs a pretty penny—and then some. But you may be able to defray some of the costs if you qualify for tax breaks such as the two tax credits for qualified higher education expenses or the tuition-and-fees deduction. The recent Protecting Americans from Tax Hikes (PATH) Act breathes new life into these tax breaks and may provide more options.

The catch is that all three breaks—the two credits and the tuition-and-fees deduction—are phased out at relatively modest income levels. What's more, even if you qualify for one, two, or all three of these benefits, you can claim only one on your current tax return. Here's a brief synopsis of the three breaks:

...
Continue reading

Seven Good Reasons To Create And Fund A Trust

Who needs a trust? Maybe a better question is: Who doesn't? Trusts can be an essential part of an estate plan for anyone who owns significant assets. Reasons for establishing and funding a trust may range from gaining protection from creditors to saving on taxes. A trust can also create a legacy.

There are many different types of trusts, some of which are revocable—you retain certain rights over trust assets—while others are irrevocable, requiring you to cede all control. And some trusts are complex while others are simple. Although every situation is different, consider these seven potential benefits of have a trust.

...
Continue reading

20 Questions On Required Minimum Distributions

Do you remember playing "20 Questions"? Here are the answers to 20 questions about required minimum distributions (RMDs). Most of this information comes from the frequently asked questions section of the IRS website.

Q1. What is an RMD?

...
Continue reading

Meeting With The Family For Elder Care Planning

Business managers would never chart a course of action for the future without gathering all of the necessary information, analyzing the pros and cons of different approaches, and meeting with the main people who have a stake in the outcome. Yet many families approach eldercare issues with a similar lack of foresight.

If there is an aging member of your family who soon may need help at home or perhaps will move into an eldercare facility of some kind, it's essential for everyone to talk about what's ahead. Consider trying to call the appropriate relatives together for a family meeting—and be prepared to answer some of these questions:

...
Continue reading

Welcome to the San Ramon Financial Planners Blog

Welcome to the San Ramon Financial Planners Blog

The San Ramon Financial Planners Blog offers a financial planner’s perspective on issues affecting people in the Greater Bay Area.

The Bay Area is not a low-cost place to live, but it is your home. Pre-retirees in San Ramon with wealth invested in their homes are often not very well-prepared financially to make the transition to retirement.

...
Continue reading

Follow Prosperity

Market Data

Market DataBank: 2Q 2019

Contact Info

2333 San Ramon Valley Blvd.
Suite 200
San Ramon, CA 94583
Phone: 925-314-8500
Fax: 925-314-8504
elliot@prosperityfg.com

The Economy is Changing.
Do you want to stay informed about the issues affecting your wealth over the long run?
I want to stay informed
I'm not interested