Decision Day 2016: The Day After

As you most certainly know by now, Donald Trump scored a stunning upset in the 2016 presidential race, defeating the favored Democratic nominee Hillary Clinton.  For the second time in five months (the first being Brexit), global investors were caught flat-footed by the outcome of a major political election in which most media outlets and pundits had predicted the opposite result.  As fear and uncertainty caused uneasiness for investors, U.S. stock market futures dropped significantly on election night.  However, after Trump’s acceptance speech, U.S. stock markets opened with modest gains and...
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1991-What a Year It Was!

In honor of the twenty-fifth anniversary of Dowling & Yahnke, here’s a look back to what else happened that year here in the U.S.: Technology:  The first website came online in 1991, and the resulting Internet phenomenon provided the information for this blog post. “Blogs,” which is short for the original “web logs,” did not even exist 25 years ago.  In the area of personal computing, Apple introduced its first PowerBook in 1991, and the major computer vendors launched notebook computers.  As for mobile technology, cellphones still closely resembled bricks.  The gaming world was changed...
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Social Security Cost of Living and Wage Base Increases for 2017

The Social Security Administration (SSA) has announced that the cost-of-living adjustment (COLA) for 2017 will be 0.3%, the smallest increase since automatic increases began in 1975. The adjustment is calculated using the percentage increase in the Consumer Price Index (CPI) over the previous year. The SSA also announced the maximum amount of earnings subject to Social Security taxes will increase to $127,200 from the current level of $118,500. This is the largest one-year increase in the taxable earnings cap since 1983. Workers pay 6.2% in payroll taxes on wages up to the earnings cap, so...
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Big Changes to College Financial Aid

CollegeThis fall marks the start of major changes in how parents of college students will seek financial aid. The new...
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Does the Stock Market Care Which Presidential Candidate Wins?

Since our firm was founded in 1991, we have experienced eight unique election cycles and four (soon to be five) different U.S presidents.  As we approach the November 8th presidential election, many investors may be feeling anxious about the outcome of the vote and any potential effect it may have on the stock market. As the media continues to produce headlines and forecasts designed to invoke fear, we provide some perspective on this important topic. History shows that presidential elections can certainly have an impact on volatility in the market—but that volatility has typically been short...
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Passing On Your Financial Values to the Next Generation

Mother and daughter with piggy bankAs you may already know, the Baby Boom generation will pass $30...
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What Should You Do When Markets Hit New Highs?

2016 began with a bang (in a bad way) — with the stock market falling in a hurry. In fact, it was the worst 10 day start to a calendar year in history. From the beginning of the year to January 15th, the U.S. stock market (as measured by the S&P 500 Index) had dropped over 8%.  The S&P 500 hit its low for 2016 on February 11th, 6 closing at 1829.08, a decline in excess of 10.5% for the year. But just as swiftly as the market fell, it recovered with even more resilience and speed. It may be hard to believe, but now in mid-August, the U.S. stock market has been fluctuating around all-...
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A New Investment Account for the Disabled

This summer, states have begun rolling out a new type of investment account that is tailored to help families take care of children and adults with special needs. The ABLE account is a tax-advantaged vehicle for individuals with disabilities that will allow families to save without jeopardizing government benefits such as Supplemental Security Income and Medicaid.  Congress passed legislation back in 2014 that allowed states to create these accounts that share some of the same characteristics as the 529 college savings plans. The First ABLE Accounts The first four states to launch ABLE...
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8 Things to Know About the New College Borrowing Season

Education FundMost families end up borrowing to cover college costs. More than 70 percent of college students rely on loans when pursuing a...
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Are You Caught in the Middle?

Many clients today are caught in the “sandwich generation” where they are caring for elderly parents as well as their children. An important thing for these caregivers to remember is to care for themselves! As in the safety discussion on an airplane, you put on your own oxygen mask first. You can’t help anyone else when you don’t have enough oxygen yourself. Financially, this means that you need to prioritize your retirement and make sure that you have a plan in place for the 25-30 years you might well live in retirement without significant salary deposits. This may result in funding less...
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