Financial and Economic Brief - March 1, 2021

by © Liberty Publishing, Inc.

The Bureau of Economic Analysis (BEA) spells it all Out

If you have ever wanted to find an informational foundation that provides complete analysis of several parts of the American economy, look no further. The BEA is the go to source for government officials when they are looking for economic trends and past data. In order to make wise financial decisions it is important to understand the impact of a variety of interrelated data.
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How Inflation Effects the Financial Condition of Your Life

At this point, we are frequently told that we should have very little concern about inflation and its impact on the economy. However, everyone must prepare for some change in the economy based on wage growth, interest rates, and the prices that we pay on a daily basis for the essentials of life. Over the long term prices do rise. Those rising prices may influence how you save and invest as well as how much debt you are willing to carry. Here’s a description of what inflation is currently looking like.
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There is a Growing Need for Long Term Care Insurance as Baby Boomers Enter Old Age

Changing family dynamics over the past few decades has caused Baby Boomers to realize that taking on a long term care insurance policy may have been something that should have been done a decade ago. Children who make up two working parent families are finding it increasingly difficult to care for their aging and infirmed parents. The percentage of individuals that are embracing long term care insurance is on the rise. Combining it with a life insurance policy or an annuity is a creative option as the following information points out.
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Latest News

Financial and Economic Brief - March 1, 2021

• The Bureau of Economic Analysis Spells it All Out - If you have ever wanted to find an informational foundation that provides complete analysis of several parts of the American economy, look no further.

• How Inflation Effects the Financial Condition of Your Life – At this point, we are frequently told that we should have very little concern about inflation and its impact on the economy.

• Growing Need for Long Term Care Insurance as Baby Boomers Enter Old Age. - Baby Boomers are realizing that they should have taken on an LTC insurance policy a decade ago.

Financial and Economic Brief - February 1, 2021

• How Option Trading Shocked “Short Selling” Institutional Traders - This is one story that has many of us scratching our heads and wondering; how can a group of small investors bring down large Wall Street traders?

• Economic Impact of Shutting down the Keystone XL Pipeline – Economists are evaluating the impact this shutdown will have on jobs, the US Economy and climate change.

• Small Businesses Need to Act Quickly for The PPP “Second Draw” - Congress has passed legislation that will provide an additional $284 Billion Dollars for small businesses.

Financial and Economic Brief - January 1, 2021

• Highlights of New Covid Stimulus Bill - The new legislation, signed on December 27, 2020, has something in it for everyone; and more may be coming!

• Migration Movement from City to Farm? – Many Americans believe that the Covid-19 Pandemic has caused many to uproot their families and move from cities to suburbs or rural countryside.

• Chances of an IRS audit? The IRS Releases the Numbers. - One of the most unsettling times in a person’s life is the dreaded IRS audit.

Financial and Economic Brief - December 1, 2020

• Dow Breaks 30K – Is There a Higher Limit? - Pundits predicted that it would be many years, if not decades, before the Dow would recover to highs prior to March of 2020.

• The Fed’s Impact on Mortgage Rates & Acquisition of MBS – In the past, the party line among bankers was that the Fed’s control of the money supply had little to do with long term mortgage rates.

• The New SECURE Act Changes Required Minimum Distributions at retirement age - You may need a complete review of your retirement strategy based on how the new legislation will affect your retirement strategy.

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