Drilling into the retail sales data, non-store retailers — online sellers — grew explosively in 2017, soaring 12.2%.
Despite the threat of a nuclear war, events in Washington, and a proliferation of more truly frightening headlines than ever before, the stock market has continued to go up. Why? While stocks breaking record highs repeatedly for months may seem at odds with all the bad news, rarely has the outlook for the economy been so bright. It is the best and worst of times.
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.
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....
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:...
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:...