Equifax Breach Makes Targets of Wealthy Customers

Of the 143 million U.S. consumers whose personal information was potentially exposed in the Equifax Inc. data breach, the wealthy could face their own particular set of vulnerabilities.

Would-be criminals could use customers’ stolen names, Social Security numbers, birth dates and addresses—information exposed in the Equifax breach—to target those who may have bigger bank accounts, larger lines of credit and more assets, experts say.

Read the rest of the story.

Have questions? I can help! Contact me at 407-869-9800 or click here to send me your request.

Market Week: September 5, 2017

The Markets (as of market close September 1, 2017)

Equities were back in the black last week, with each of the indexes listed here posting end-of-week gains. The Nasdaq soared to its largest weekly gain of the year. The large caps of the Dow and S&P 500 enjoyed noticeable gains, despite last Friday’s mundane jobs report. Even the Russell 2000, which had been lagging of late, climbed over 2.50% for the week and is now 4.16% ahead of its 2016 closing value.

Read the rest of the story.

This retirement cost is inevitable — and can be insanely expensive

This retirement cost is inevitable — and can be insanely expensive; Almost 70% of Americans turning 65 will need some form of long-term care.
Long-term care is something not all Americans plan for, or even think about, though they should.

Read the rest of the story.

Have questions? I can help! Contact me at 407-869-9800 or click here to send me your request.

Market Week: August 14, 2017

The Markets (as of market close August 11, 2017)

Investors may have been disturbed by the rising tensions between the United States and North Korea last week, resulting in a shift from stocks to long-term bonds. The Dow, which had surged to a new record high the prior week, sunk over 1.0% last week, while the large-cap S&P 500 fell almost 1.5% following some less than stellar second-quarter corporate earnings reports. Once again, the biggest drop was felt by the small-cap Russell 2000, which suffered the largest weekly decline of the indexes listed here, and has lost most of its year-to-date gains. On the other hand, demand for 10-year Treasuries increased, sending yields to their lowest level since June.

Read the rest of last week’s market update.

 

 

Market Week: August 7, 2017

The Markets (as of market close August 4, 2017)

Last week ended with a mixed bag of stock market performances. The Dow, influenced by a favorable jobs report and strong corporate quarterly earnings, surged to a new record high. The S&P 500 also ended last week in positive territory. Tech stocks did not fare as well as the large caps, pushing the Nasdaq to its second straight week of negative returns. But the worst performance befell the Russell 2000, which plummeted about 1.20% for the week, after falling nearly 0.50% the prior week. Long-term Treasury yields rose last week as prices dropped.

Read the rest of the story.