Our growing economy and relative calm and stability has fueled the market’s advance.
US Economic Outlook: With the resurgence of manufacturing, economic growth is placing upward pressure on prices, interest rates are moving higher, and consumer confidence is pegged at multi-year highs. These are all indicators of a healthier economy. Even under new White House Leadership, rich market valuations, and global unrest, we believe that the economic outlook will stay positive.
There are three well-known, institutionalized ways of investing your money. With the Banking Industry, you can deposit money into Certificates of Deposit and Money Markets. With the Securities Industry, you can buy Stock, Bonds, and combinations of the two. In the Insurance Industry you can purchase life insurance and annuities.
Each way of investing has its own pros and cons. However, each system believes that it is the best solution. Amusingly, each method is eager to point out the others’ shortcomings. Navigating these waters requires reflection, evaluation and balance—and dare we say guidance from fiduciaries like us.
In a recent study T. Rowe Price conducted of investors, life expectancy for most individuals can be well into 90 years of age. Have you thought about how this will affect the future of your retirement savings? This should have many thinking about how to manage expenses and investments for the future to save well into their golden years. What measures have you taken?
According to the study, there are mixed views on how people feel about living well into their 90s. Where do you fall in?
Hot off the press is our 3rd quarter newsletter, July 1, 2017. We at Fortress are experiencing new opportunities, people like you, and a vision for the upcoming months. Want to know more about what we are up to and check out our market outlook? Click the button above for the scoop!
There is so much media around social security that may leave some people wondering whether if there's enough funding. Check out this article below about social security that may shock you.
14 Social Security Stats That Will Blow You Away
by Matthew Frankel
The Fed hiked interest rates for the second time this year, which was widely anticipated. So what does this mean? Since this move up was well telegraphed by the Fed, the markets largely priced this change in and took it in stride. Sure bond values may back off for a bit, but should be stable. The stock market way wobble a bit before finding their footing. The mortgage industry will absorb this and slow down a bit. At this time, we don't see surprises, which is positive for the market. The Fed's move also indicates that the economy, according to the Fed, is doing fine. We also should expect stability and likely another interest rate hike later this year. With all this stability and visibility, please keep in mind that the markets and news cycle can change in a New York minute. For today, enjoy the ride and the boost in confidence.
Our firm sometimes host or participate in community events. This week we are at the AZ State Bar Association. We have a table with a host of other companies that supports our local bar association. This year one of my alliances, Desert Rose Tax & Accounting (Don Rose) partnered with me to host a table at this event. Don's firm is locally as well in the Tucson area. If you miss us this year that's ok. I am sure we will be at another community event at some time or if you have time, please stop by tomorrow!
Donna Silvernagel, Theresa Morrison, Don Rose and Adam Amante
With the recent change to the Social Security programs, the best time to take your Social Security benefits has shifted. In many ways, it is more straightforward now.
As before, your best answer depends upon a handful of factors, the most important one being how long you will live. And no one really knows this and it is unknowable. However, you can make an educated guess based on your present health and your family's health history. Here's the boiled down version.
For couples, if you have exceptional health and longevity, defer as long as you can and collect the delayed tax credits. If you have poor health, file early and get your benefits while you can. Most will fall in the middle and so waiting until full retirement age to collect your benefits will be the best.
For singles, it is the same pretty much, except that if you have average health you'd likely be better off waiting for full retirement age to collect a much richer benefit in case you end up living much longer than anticipated--and it does happen!
There are always twists, turns, and caveats with Social Security, but that is the general lay of the land.
If you have questions about this, let us know and we'd be happy to help.
Check out this link for a more in depth dive into this topic.
Lately watching the markets has been like watching paint drying on a wall. The steady, sluggish action is a good thing. We remain stubbornly close to, or in the case of the NASDAQ marking, new all time highs. The trend is up for now. Click on this link for Investor's Business Daily's take on this market.
Fortress Investment Advisors, LLC
4640 E Sunrise Dr, Suite 211
Tucson, Arizona 85718
Email: [email protected]