Category Archives for Plan Wisely

Good News! Maybe?

​Here’s some Good News: Healthcare spending is expected to increase more slowly during 2016! It’s projected to grow by 6.5 percent this year, according to a report from PWC. That’s still a lot faster than inflation. The Economist projects overall consumer prices in the United States will increase by 1.2 percent this year.The report suggested […]

Continue reading

An Unequal Inheritance

​Are you leaving the same amount to all of your beneficiaries?One-third of all parents with wills have divided their estates unequally among their children, according to the National Bureau of Economic Research (NBER). The study found bequests in complex families – families with stepchildren or estranged children – are more likely to be unequal. The […]

Continue reading

The Big Mac Index

​If you like fast food and a good deal, you can find a really cheap Big Mac in Russia. The Economist created The Big Mac Index 30 years ago as a rough-and-ready gauge of world currencies. The index is based on the idea when currencies are aligned correctly, the same product (in this case, a Big […]

Continue reading

What Could the Next Decade Bring?

​Wondering what the next decade may bring? America is renowned for innovation – originating ideas that change the ways in which people live and work. From the cotton gin to the assembly line, the transcontinental railroad to the automobile, the telephone to the Internet, ideas and inventions have spurred America’s economic growth during the past […]

Continue reading

Leaving China?

​Capital has been leaving China…When Federal Reserve Chair Janet Yellen testified before the House Financial Services Committee last week, she made no bones about the fact the Fed is keeping an eye on economic developments in China and evaluating the ways in which changing circumstances in the country, including currency devaluation, could affect global growth […]

Continue reading

It’s College Time!

​It’s college time! What will the money in a 529 college savings plan cover? If you have a child or grandchild who will be heading to college soon, and you have set up and contributed to a 529 College Savings Plan, it’s almost time to tap into those funds.The reason many people start tucking money […]

Continue reading

A Look Back at the Fourth Quarter

​Fourth quarter, a look back…The Federal Reserve pulled the trigger. At the December Federal Open Market Committee meeting, the Fed finally acted, tightening monetary policy by raising the funds rate from 0.25 percent to 0.50 percent. It’s important to remember the Fed doesn’t actually set interest rates. It takes actions designed to influence financial behaviors. […]

Continue reading

Looking Back

​Looking back… Each week, ‘The Economist Explains’ blog expounds on subjects ranging from current events to economics, from philosophical or scientific issues to everyday oddities. Let’s take a quick look at a few of its headlines during 2015:Why the Swiss unpegged the Swiss franc (January 18, 2015). Remember when the Swiss National Bank removed its […]

Continue reading

Second Guessing the Fed

​Second guessing the Fed is an age old American pasttime. Americans have been speculating about the Federal Reserve’s monetary policy choices – rate hikes, rate declines, quantitative easing, etc. – for a long time. It’s clear when you take a look at a few modern Fed Chairs and the Fed’s activities under their leadership.Paul Volcker […]

Continue reading