Weekly Economic Update January 14, 2019

January 16, 2019 Weekly Economic Updates
In this week’s recap: the CPI decreases, a service sector activity index takes a fall, oil’s rebound continues, and equities advance. WEEKLY QUOTE Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your innovations. WEEKLY TIP Many people sign up for credit cards without looking
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Weekly Economic Update June 18, 2018

WEEKLY QUOTE “Where there is friendship, there is our natural soil.”       – Voltaire WEEKLY TIP When a lender permits a borrower to defer a college loan, the borrower may still have to pay interest on the remaining loan balance. The lender, not the borrower, will decide when the loan payments need to restart. WEEKLY RIDDLE It inhibits
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Weekly Economic Update June 11, 2018

WEEKLY QUOTE “Reflect on your present blessings, of which every man has many; not on your past misfortunes, of which all men have some.”       – Charles Dickens WEEKLY TIP If you get an email asking for your personal or financial information from what appears to be the Internal Revenue Service, it is probably a scam. The
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Weekly Economic Update June 4, 2018

WEEKLY QUOTE “The mystery of life isn’t a problem to solve, but a reality to experience.”       – Frank Herbert WEEKLY TIP All business owners should work on a formal succession plan long before the endgame for their company begins. A solid succession plan addresses tax, legal, and financial issues central to business ownership transfer. WEEKLY RIDDLE You
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Weekly Economic Update May 28, 2018

WEEKLY QUOTE “Imagination and fiction make up more than three quarters of our real life.”       – Simone Weil WEEKLY TIP If your child is going to a faraway college this fall, this is the time to investigate housing options. Keep in mind that while off-campus rents may be cheaper than the rent for a dorm unit,
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Weekly Economic Update May 21, 2018

WEEKLY QUOTE “The heart has its reasons which reason knows nothing of.”       – Blaise Pascal WEEKLY TIP Yes, you could file for Social Security at 62, as soon as you are eligible. It might pay to wait, however. The size of your monthly payment will grow by about 8% for every year you hold off
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Weekly Economic Update May 14, 2018

WEEKLY QUOTE “The secret of happiness is not in what one likes to do, but in what one has to do.”       – J.M. Barrie WEEKLY TIP If you receive a big bonus, a windfall, or a sizable inheritance, you may feel like taking some time out of the workforce. If so, keep in mind that there
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Weekly Economic Update May 7, 2018

WEEKLY QUOTE “Humor is also a way of saying something serious.”       – T.S. Eliot WEEKLY TIP Remember that there are two kinds of 529 plans: the prepaid tuition plan and the college savings plan. A prepaid tuition plan lets you pay some of the future cost of a university education today. A college savings plan offers
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Weekly Economic Update April 30, 2018

WEEKLY QUOTE “I never thought a man should make money off his friends.”       – Lloyd Anderson WEEKLY TIP Freddie Mac takes weekly surveys of mortgage rates, but the mortgage market is not frozen between those snapshots. Rates fluctuate daily, which makes it essential to compare home loan terms on the same day. WEEKLY RIDDLE It can be
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Weekly Economic Update April 23, 2018

WEEKLY QUOTE “Don’t bother just to be better than your contemporaries or predecessors. Try to be better than yourself.”       – William Faulkner WEEKLY TIP If you are a single parent, prioritize saving for retirement over paying college tuition. Helping your child with college costs is great, but not if it places your retirement at risk. WEEKLY RIDDLE
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