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Are we in it for the long haul?

Are we in it for the long haul? Since 1960, the average American life expectancy rose from 69 years of age to 79 years of age, as modern medicine has made treatment more effective, complimented with more time being spent on preventative care, and thus boosting the health of individuals around the globe. The increased emphasis on mental and physical health has also played a large role in this development. Many employers now incentivize their team members to purchase gym memberships, and to reach other fitness goals throughout the year in order to receive bonuses. We live in a proactive...

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Q3 Global Asset Allocation

Global Asset Allocation Views – Q3 2019 Q2 Highlights – Markets – The S&P 500 returned 3.79% to settle at its all-time closing high.  The Russell 2000 (a representation of small cap companies) closed up 1.74% and posted a new two month high.  International markets were also positive with Europe being the main regional standout and Emerging Markets lagging. Interest Rates – At its most recent meeting, the Federal Reserve decided to keep rates unchanged.  The dot plots, or future projections, are projecting a rate cut by year-end.  The 10-year rate, closely tracked by market participants,...

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There’s a Retirement Crisis in America!

There’s a Retirement Crisis in America! Americans are struggling to save enough for retirement, therefore the House of representatives has passed “Setting Every Community Up for Retirement Enhancement Act of 2019” or SECURE Act by a bi-partisan vote of 417-3.   The Senate is expected to move quickly on this bill which could occur before the August recess.  How will this bill help to address the savings gap which is impacting millions of Americans? This bill increases the beginning age for required minimum distributions (RMDs) from retirement plans to age 72 from the earlier age 70½ beginning...

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Global Asset Allocation Views – Q2 2019

Global Asset Allocation Views – Q2 2019 The beginning of 2019 is off to a hot start with the major stock indices within range of their all-time highs set last September, and enjoying their best start of the year going back to 1998.  The Federal Reserve has come out in an unprecedented fashion to declare they will not raise rates the rest of 2019.  The U.S. and China appear closer to a trade deal, but many disputes still linger with respect to automobiles and parts as further tariffs may be levied on Mexico and the EU.  Global growth has moderated as China continues its transition to a more...

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Crunch Time Tips for Tax Time

Crunch Time Tips for Tax Time Each year HFS strives to educate our team and our clients on helpful tips for tax time. Click here, New Year, New Tax Changes, for a review of the Tax Cuts and Jobs Act changes. You, your CPA, and your Financial Planner can work together to plan so you have no surprises near year end. You put your trust in the team around you to be on top of the latest information and adjust plans as necessary to stay on course. Due to the changes in tax law, the amount of people who itemize their tax returns will fall from 46 million to 16 million in the US according to The...

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Is Financial Stress Eating Up Your Profits?

Is Financial Stress Eating Up Your Profits? Financial stress is a silent killer that may be robbing your business of thousands or even millions of dollars of profit annually.  Mercer estimated that employers lost approximately 250 billion in wages in 2017 because of financial stress1.  The survey which was based on 3,000 workers found that employees are spending approximately 150 hours annually during work time on financial issues1.  Seventy percent of HR professionals say financial stress is impacting their workforce.  In addition, financial stress can also lead to increased absenteeism,...

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