More Articles
-
Slick TV ads often make financial planning and wealth management sound simple, but it’s usually not. Managing wealth requires knowing a lot about highly technical topics, like taxes, government regulations, and finance as well as history, psychology and how to communicate with loved ones about sensitive issues. This article highlights some of the knowledge needed to manage wealth and why it’s often so daunting without the help of an independent personal financial advisor who is familiar with your situation.
-
Understanding The Federal Reserve Mandate To End Inflation
The Federal Reserve System, the nation’s central bank, has a dual mandate to pursue maximum employment and maintain price stability. These two priorities are currently treated equally, but that was not always the case. In fact, the Fed’s bias toward maximizing employment was a critical driver of the stagflation that plagued the U.S. in the late 1960s and 1970s. Recognizing the need to balance price stability and maximum employment, in 1977, Congress revised the Federal Reserve Act.
-
Fed Governor Kugler Details Inflation And Economic Outlook
The 12-month inflation rate, as measured by the personal consumption expenditures (PCE) index, was 2.6% in December, down from its peak of 7.1% in June 2022, and the six-month rate for PCE inflation was even lower, at 2%, which is the target rate set by the Federal Reserve.
-
Why Rates May Not Be Cut Until June
The cost of a loan to buy a home, car, college education, and achieve the American Dream is staying the same for now. As expected, Federal Reserve Chairman Jerome Powell said the central bank did not lower loan rates following the Fed’s Wednesday, Jan. 31, 2024, policy meeting.
-
Practical Suggestions For Achieving Your 2024 Resolutions
New Year’s resolutions usually fail because they‘re often too hard to achieve. After six months, only 10% of people who make resolutions achieve them or remain committed to them, , according to a study by Dr. Mark Griffiths, a Chartered Psychologist and Distinguished Professor of Behavioral Addiction at the Nottingham Trent University. What can you do to make financial, medical, or other personal resolutions more likely to be achieved?
-
A Sign Of Progress In Solving U.S. Economic Problems
The Federal Reserve appears to be pulling off a feat most experts did not believe it could: ending its aggressive inflation-fighting campaign of 11 interest rate hikes without tipping the U.S. economy into a recession.
-
Fed Keeps Rates Unchanged; Expects Easing In 2024
To promote transparency and free markets, the Federal Reserve System began publishing the opinions of the 19 U.S. central bankers that decide interest rate policy.
-
Have You Logged Into Your Social Security Account?
Have you logged in to your Social Security account? Creating an online account at SSA.gov is an important first step in understanding your retirement income situation. However, only about 60 million of the 160 million individuals in the U.S. labor force who have Social Security accounts have created a way to access the Social Security Administration’s website.
-
The Great Fake Out Of 2023 Is Poised To Extend Into 2024
All year long, the economy and stock prices have fooled experts and consumers, outperforming expectations month after month.
-
Test Your Financial Planning IQ
The five questions below are a challenge meant to allow you to assess your knowledge of investing, tax and financial planning. If you have been following our news stream, this quiz draws on familiar ground. The answers are below.
- Read More
Planning Briefs
Want to Know How To Bid At An Auction? Here Are 10 Tips
Published Tuesday, July 23, 2013 at: 7:00 AM EDT
Don’t be intimidated by the way auction bidding often is depicted on TV. It’s actually quite simple if you observe the rules. These 10 tips should help:
1. Obtain the catalog from the auction house in advance. It includes a brief description, photo, and estimated value of each item.
2. Note the lot numbers of items that appeal to you. When possible, inspect those items in a presale viewing.
3. Bring along comparisons of prices of similar items on the open market.
4. Fill out the proper registration (you will need to provide identification) and pick up your auction paddle. It will display your registration number.
5. If you want to bid on an item immediately, raise your paddle when the auctioneer calls for an initial bid.
6. Bid higher by raising your paddle. Typically, bidding moves in increments of 10% of the initial price. For instance, if the initial bid is $1,000, you’re bidding $1,100 if you raise your paddle next.
7. Listen for other bids. Raise your paddle again to increase your bid by 10%.
8. Increase your bid by a different increment (called a “jump”) by raising your paddle and calling out the bid amount.
9. As bidding winds down, wait for the auctioneer to ask for final bids.
10. Listen to how the auctioneer acknowledges the buyer (“Sold to #1, the woman in the first row in the red dress.”). This closes the sale.
© 2024 Advisor Products Inc. All Rights Reserved.