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Trump tweets tweak markets

Financial markets, under the new president, continue to react on an hour-by-hour basis to Donald Trump’s latest electronic missives. That’s no way to conduct business but it is what it is. At what point will traders begin to discount these tweets? read more…

All you need to know about Medicare

More of us are signing up for Medicare every day. And like social security, there are plenty of unanswered questions for those of us who are beginning the process. There are plenty of places to seek answers, but how to separate facts from sales pitches from health insurance brokers is part of the problem. Here is a primer that may help you navigate these muddy waters. read more…

The deals begin

This week’s on-going controversy between Mexico and our new president over trade and the construction of “the wall” has investors concerned, confused and apprehensive. And still the markets gained ground. read more…

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Annuities and the new fiduciary rule

 

In April, 2017, the Department of Labor’s new rules go into effect. Essentially, the regulation will require the financial sector to act as a fiduciary when advising consumers on their retirement plans and accounts. For those who sell annuities, this will fundamentally change their industry. read more…

IRA Distribution Time

Information abounds on why and when you should contribute to a tax-deferred savings plan such as an Individual Retirement Account (IRA). Less is known about what happens in retirement when you have to take money out of these plans. For those who turned 70 ½ years or older in 2016, pay attention, because it’s distribution time. read more…

Has Santa Claus come and gone?

The rally continued in the stock market as investors abandoned bonds and bought stocks hand over fist. Many think the best is yet to come, since the traditional end-of-year Santa Claus rally is still ahead of us. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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