Social Security Increases Benefits by 2.8% for 2019
The adjustment is the largest since 2012, and over 67 million Americans will see the increase in their payments beginning in January
The Social Security Administration has announced a cost of living adjustment (COLA) to recipients’ monthly Social Security and Supplemental Security Income (SSI) benefits. More than 67 million Americans will see the 2.8% increase in their payments beginning in January of 2019. The increase – the largest seen since 2012 – is tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers and was put in place to ensure the purchasing power of these benefits isn’t eroded by inflation
This figure is an increase from last year's 2.0% adjustment. According to the…
6 Things to Know to Weather a Market Downturn
It’s natural to be nervous when the markets head for negative territory. Keep a positive perspective with these six investing reminders
It can be unsettling for investors when their portfolios and the markets start heading into the red. Here are six investing basics to keep in mind during volatile times
1. Periods of volatility are normal.
All markets move in cycles, and periods of steep contraction are completely normal. While the length of market contractions varies, periods of growth and expansion are usually waiting on the other side. The markets have proven remarkably resilient over the long term, and while returns can be quite volatile year-to-year, they’re generally positive over multi-year periods.
2. Don’t panic.
Preserving Your Legacy While Protecting Your Privacy
Carefully sharing your information can help you stay prepared and protected
We’ve all heard the stories. From tales of identity theft to credit card fraud, it feels more important than ever to keep our personal and financial information close and carefully guarded. While generally speaking that’s a good idea, it’s still important to clue in members of your innermost circle, such as your spouse, family members or financial advisor, so you can ensure there is always someone prepared and ready to act on your behalf should you need them to.
So, what exactly is important to share? How should you share it, and with whom? Let us explain.
A Map to Your Financial Life
In the case that you become incapacitated, your chosen representative should have access to enough information that they are…
Policy and Uncertainty: 3Q in Review
Influential factors over the next six to 12 months include trade policy, interest rates and economic growth
Each quarter, the Raymond James Investment Strategy Committee completes a detailed survey sharing their views on the investment environment, and their responses are the basis for a discussion of key themes and investment implications covered in this quarter’s Investment Strategy Quarterly. Read an overview of the key themes below, or download the entire publication for a more thorough view of the markets and the economy
“Trade policy remains a risk to the economic outlook. To date, the impact has been small, but will worsen as trade conflicts escalate. However, even in the worst case scenario, increased tariffs…
Weekly Market Snapshot
The week began with a trade agreement between the U.S., Canada and Mexico. The agreement, which must still be approved by Congress, calls for greater North American content in auto imports and specifies a higher percentage of auto production required to come from higher-wage areas (which may force some production overseas due to higher costs). It increases U.S. access to the Canadian dairy market by an additional 0.35% (to 3.60% from 3.25%). The agreement does not resolve the conflict surrounding U.S. tariffs on steel and aluminum (and the retaliation of Canada and Mexico to those tariffs). While not much different from NAFTA, the agreement is largely the absence of a negative for the markets. That is…