When gathering information from new clients one of my first topics of discussion is their IRA beneficiaries. In general, most couples name each other as primary beneficiaries and then their children as contingent beneficiaries with an equal split. If a spouse inherits an IRA they can roll it over and treat it as their own, … Continued
The most recent jobs report was clearly disappointing, with a dismal 38,000 net new jobs in May. Never-the-less, the unemployment rate fell again to 4.7%. At the same time, labor force participation fell to 62.6%. Throughout the “recovery”, the unemployment rate has been declining, as has labor force participation. In December 2007, labor force participation … Continued
I received an inquiry from a local business reporter today, asking about the “Brexit” vote, whether clients were panicking, if this would prove a major market turning point, and what, if anything, we were doing in portfolios. I provided the following response and share it here with our blog readers. I’ve had just one call … Continued
A famous line used in the inaugural address of Franklin D. Roosevelt may provide some insight as to the background for the recent vote against Britain remaining in the European Union and the ascendance of politicians, on both sides of the aisle, that speak to disgruntlement. The common thread appears to be an ascendance of … Continued
For many of our clients, a well thought out estate plan is a key component of their overall financial plan. A typical estate plan consists of a will, durable powers of attorney, healthcare powers of attorney, and sometimes one or more trusts. For clients who are focused on protecting their assets after they are gone, … Continued
On May 24, 2016, we posted a blog discussing some of the issues relating to the generation of electricity. We opined that, “based on current technology, nuclear appears to be the only scalable alternative to fossil fuels.” According to a recent Wall Street Journal article, some of the country’s most influential environmental groups are softening … Continued
Generally, this blog has been reserved for all things tied to Sigma’s line of work – financial planning and investments. The rare exceptions have generally had to do with sports, most especially my colleagues’ beloved Detroit Tigers. Today the blog is about the pride of being a Clevelander. Northeast Ohio has had the privilege and … Continued
At age 65, if you are a U.S. citizen, you qualify for Medicare. Given the continual rising costs of healthcare this is a welcomed benefit. However, it does not arrive in the mail neatly wrapped in a bow – it can be very confusing. Recently the financial television show CNBC included a segment on its … Continued
Investors will run across the initials MSCI and wonder, what is MSCI? MSCI Inc. is a U.S. based company that compiles and publishes a series of indices such as the MSCI World Index and is the largest indexing firm in the world. For example, the MSCI Emerging Market Index is used by global investors as … Continued
The issue of pay day loans has been in the news lately with a recurring theme that suggests that the industry is an exploiter of the less well off. Typically, pay day loans average approximately $400, with a duration of about two weeks. The annualized cost of these loans, including fees and interest, has been … Continued
There have been numerous studies related to long term retirement trends. These examinations of American’s retirement prospects universally conclude that most of us are not adequately providing for our retirement years. Some of the more important findings suggest that some of us are not saving enough and many of us have little or no savings. … Continued
As we know, the price of oil is generally quoted in dollars, and the most common reference points are Brent and WTI (West Texas Intermediate). Due, in part, to increased press coverage and continuing consumer interest in the price of gasoline, most investors are generally familiar with current oil prices. Economists will tell you that … Continued
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