Author Archives: admin

A happy retirement is more than just money

Reports of Americans being unprepared for retirement have become so widespread that it no longer seems to elicit any emotional response.

The Employee Benefit Research Institute found that 40.6 percent of all U.S. households (where the head of the household is between ages 35 and 64) are projected to run out of money in retirement. Moreover, the average Social Security benefit provides an income equivalent to the poverty level for a family of four. Continue reading

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Fall 2018 – Newsletter

When life was simple – GDP growth has increased on a rate of change basis for nine straight quarters and has likely peaked. Earnings growth is also beginning to decelerate. Sure, earnings have been good, but not compared to what was reported last quarter, declining from 24.9 percent growth to 21.9 percent this quarter with 56/500 companies reporting as of this writing . This is not the boogey man; it’s called the end of a cycle. Continue reading

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Summer 2018 – Newsletter

Things have changed – The economy is likely to begin to slow in the back end of the year, and like gentrification it will bring change most find uncomfortable. The same way grandmothers must sell the family home for pennies on the dollar to pay the rising property taxes, companies must grow profits in a slowing economy with rising rates. Continue reading

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Winter 2018 – Newsletter

You can have it all? – Uncle Sam is prone to invite Santa Claus to Capitol Hill during slow economic times to hand out stocking stuffers taxpayers can spend, which in turns boosts economic growth. We held our noses when the Federal Reserve executed Quantitate Easing because we feared the worst after the housing crisis. The odd thing about stimulating the economy with tax cuts today is that our economy is already pretty strong. Continue reading

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Spring 2017 – Newsletter

From the Impossible to the Inevitable – While the economy was slowing last year without any reaction by the markets, this year we have experienced economic growth and so far so good. After all, U.S. economic growth fell from 3.3% year-over-year in the first quarter of 2015 to 1.3% in the second quarter of 2016. After bottoming out, growth is rebounding once again with 4th quarter 2016 U.S. GDP growth at 2% year-over-year. Continue reading

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Fall 2016 – Newsletter

Ivory’s Economic Outlook – Last month I dropped my son off at college, and like most parents, wondered where all the time went and why it was in such a hurry to leave. Times have indeed changed since the fall of 1984, but the parting words of wisdom in the doorways of austere dorm rooms remain constant: I know I sound like a broken record, but you’ll be what you think you are and the lazy man works twice and the most important decision you’ll ever make in life is the company you keep and study for 4 hours every day and do not waste my money because I am not your plan B. Continue reading

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Spring 2016 – Newsletter

The Global Economy Giveth and Taketh Away – When my sister was 15 years old, a neighbor commented to my father that kids grow up so fast these days, having just seen my sister drive around the neighborhood a day earlier. It seems that she had made a copy of my father’s car keys, took to the streets of Manhattan and taught herself how to drive without my parents’ knowledge – at least, that is, until our neighbor spilled the beans. Continue reading

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Winter 2016 – Newsletter

Never let the other fellow set the agenda – James Baker, Former White House Chief of Staff I was never a great athlete. Sure, I played football, baseball and ran track in high school, but I batted 7th and ran third leg in the relays. I fared a little better at tennis, having signed up for a class in college where I learned about a place on the court called “no man’s land”, which is the area above the baseline and behind the service line. Continue reading

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Asset allocation? Translation: Don’t put all eggs in one basket

You can borrow money for a college education but not for your retirement. It’s what we, as financial experts, truly believe. But a constant tug-of-war between 401(k) plans and Section 529 college savings plans has ensued in investors’ hearts and minds—and neither side appears to be winning. Identifying priorities is no easy task. Just ask an average parent if his or her retirement is more important than paying for a child’s education. Continue reading

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Make sure Uncle Sam doesn’t get a chunk of your estate

You can borrow money for a college education but not for your retirement. It’s what we, as financial experts, truly believe. But a constant tug-of-war between 401(k) plans and Section 529 college savings plans has ensued in investors’ hearts and minds—and neither side appears to be winning. Identifying priorities is no easy task. Just ask an average parent if his or her retirement is more important than paying for a child’s education. Continue reading

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