72 Search Results for: covid

  • The Benefits and Rules of Using Qualified Charitable Distributions

    Posted on April 5, 2021

    By Cristina Wiebelt-Smith, CPA, Wealth Planning Administrator   There is a simple but powerful tool called a qualified charitable distribution (QCD) that is a triple threat. They can fulfill your required minimum distribution (RMD), benefit your favorite charities, and reduce your taxable income. A QCD allows you to donate up to $100,000 of your RMD (pulling money from your taxable income) to qualified charitable organizations each year. All you need to do is instruct your IRA custodian to write a check to a qualified 501(c)(3) organization instead of distributing the money to you. You’ll have more control over your taxable…read the full article

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  • Market Commentary: Jobs Market Shatters Expectations, Housing Prices on the Rise

    Posted on April 5, 2021

    The U.S. jobs market roared back to life in March. The economy added or reclaimed 916,000 jobs, shattering expectations of a 150,000 increase. Workers being recalled or hired to fill openings at restaurants and bars contributed 176,000 jobs to March’s gains. Previous months were revised higher by 156,000.

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  • Market Commentary: Personal Income Fell in February, Stimulus Clouds Underlying Economic Health

    Posted on March 29, 2021

     Slow improvement in economic data is being masked by the surging nature of government support. The gush of personal income growth in January was followed by a 7.1% decline in February. March will likely surge again with the latest round of stimulus. Employee compensation, which excludes government payments, was flat last month and has increased 0.2% over the last year.

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  • Market Commentary: Retail Sales Fell After January Stimulus Surge, Don’t Expect Interest Rate Hike

    Posted on March 22, 2021

    Retail sales were unable to keep pace with a stimulus-induced surge. Retail and food service sales dropped 3% in February after spiking 7.6% in January. The January data was revised 2.3% higher than first reported. Core retail sales, which exclude autos, gasoline, and restaurants, fell even farther, dropping 3.4%. Over the last year, core retail sales have increased 10.7%.

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  • Rebate Checks, Child Tax Credits, Unemployment Benefits and More: What You Need to Know about the $1.9 Trillion Stimulus Package

    Posted on March 15, 2021

    The latest stimulus package – signed into law Thursday by the Biden Administration – is built to boost the middle class and low-income Americans, the goal being of course to speed up economic recovery.

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  • Market Commentary: Biden Signs Stimulus Bill, U.S. Surpasses 100 Million Vaccine Doses, Recovery Continues

    Posted on March 15, 2021

    Events are aligning to give the U.S. economy a big boost. The Biden administration approved a $1.9 trillion stimulus package that will provide immediate relief to millions of American households. Last week the U.S. surpassed 100 million vaccine doses, and expectations are the U.S. will be vaccinating all age ranges by mid-late April.

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  • Market Commentary: Monthly Job Growth Exceeds Expectations, New Stimulus Bill Advances

    Posted on March 8, 2021

    The U.S. economy returned to rapid job growth last month as fewer new COVID cases and loosening restrictions increased demand for labor. Restaurants and bars accounted for more than half the net gains, as employment in this hard-hit sector increased 286,000. Despite efforts to reopen schools, government employment dropped last month.

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  • What to Expect From Low Volatility Investing: Insight into QBI Strategies

    Posted on March 2, 2021

    During the past decade, ending December 2019, low volatility investing has been embraced by many investors due to above average adjusted performance. With the turn of events, the year 2020 witnessed a negative surprise for low volatility stocks. This surprise further intensified when value investing seemed to make a comeback as COVID-19 vaccines arrived.

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  • Market Commentary: Vaccine Distribution, Stimulus Package Driving Economic Growth Estimates

    Posted on March 1, 2021

    The impact of government stimulus checks continues to permeate economic data. Personal income rose 10% in January, and disposable income rose 11.4%. Where did the money go? It primarily bought goods or was saved. Goods spending rose 5.8% in January, and the personal savings rate jumped to 20.5% from 13.4% the previous month (Figure 1). Limits on activity continue to pressure services spending, which rose only 0.7%.

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  • Market Commentary: Despite Initial Worry, Inflation Remains Well Controlled

    Posted on February 16, 2021

     U.S. inflation rose 0.3% last month and is now up 1.4% for the year (Figure 1). Investor concern about inflation has increased in recent months against the backdrop of large stimulus packages and hopes of an economic recovery. Pushing back against that concern is a slowly recovering labor market. Initial jobless claims fell 19,000 from the previous week but remained stubbornly close to 800,000. Continuing claims were more than 4.5 million.

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