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Weekly Economic Update: August 28, 2017

Weekly Economic Update
August 28, 2017
The Markets (as of market close August 25, 2017)
 
Amid a scarcity of economic data and the lightest trading levels of the year, stocks managed to end the week in positive territory. The Russell 2000 was the week’s leader with all other indexes posting smaller advances.  Oil and gasoline prices closed the week down.  Gold was up a bit.
Last Week’s Economic Headlines
  • New home sales fell slightly in July.
  • The National Association of Realtors® reported existing home sales followed a similar trend.
  • New orders for manufactured durable goods decreased in July, continuing a three month slide.  Transportation is down.  Defense is up.
  • In what could be her last appearance at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, chair Janet Yellen, defended regulations enacted in the wake of the financial crisis, while noting that the Fed remains open to possible “improvements” that would help “efficiently maintain a resilient financial system.” At the same meeting, European Central Bank President Mario Draghi, voiced similar sentiment. He criticized a global trend toward economic protectionism and warned that looser financial regulations could reinvigorate the types of incentive scenarios that led to the financial crisis.
  • In the week ended August 19, unemployment claims were up narrowly over the prior period
BWFA Eye on the Week Ahead
 
Observers will be monitoring the lingering effects of Hurricane Harvey on the Gulf region and the storm’s potential economic and market impacts, including possible increases in oil and gas prices. Other potential influences during the week will likely include the second estimate of Q2 GDP figures and the August employment figures.
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What Happens When a Loved One Passes Away? 
How can you prepare? 
 
Thursday, September 7, 2017
11:45 AM – 1:00 PM
Lunch will be provided
 


 
Only 15 Seats Available!
Reserve your spot today!
 
Baltimore Washington Financial Advisors invites you to a discussion on:
  • What are the first things we should do?
  • What happens if he/she has done no estate planning?
  • What do you do with his/her will or trust?
  • Should I continue to pay his/her bills?
  • What should you do with his/her home?
  • What is involved in settling a will or trust?
  • Can a will or trust be contested?
Come join us as we discuss these issues and more!
PART ONE: The Difference Between Alzheimer’s and Dementia with Guest Speaker Penny Graf
Tuesday, September 12, 2017
11:45 AM – 1:00 PM
Lunch will be provided
 
PART TWO: Corporate Trust Services
With Special Speaker Steve Elville
Thursday, September 28, 2017
11:45 AM – 1:00 PM
Lunch will be provided
Part One
Only 8 Seats left!!!
Part Two
Limited Seating Available!
 
Baltimore Washington Financial Advisors, Elville and Associates along with Ferretto Eldercare Consulting, invite you to this interactive, 2 -part Seminar Series on “Alzheimer’s vs. Dementia” and  “How Corporate Trust Services could benefit you”
Topics Included in Part One:
  • Many types of dementia’s – no one size fits all
  • A thorough medical evaluation is key
  • Gather the team
Topics included in Part Two:
  • What is a Personal Trust?
  • What are some reasons to consider appointing a corporate trustee?
  • What should you be concerned about “successor trustee risk?”
Come join us as we discuss these issues and more!
Savvy Social Security & Planning
 
Thursday, September 14, 2017
6:00 PM – 7:30 PM
Dinner will be provided
RESERVE YOUR SPOT TODAY!!
Only 13 Seats Available!


Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Thad Ismart,   

CFP®

  
Senior Financial Planner

Baltimore Washington Financial Advisors invites you to a discussion on:
  • How work, age, and marital status affect your benefits
  • Synchronizing spousal benefits
  • Minimizing taxes on your benefits
  • Integrating social security with other retirement income
Come join us as we discuss these issues and more!
Selecting your State of Residence in Retirement
 
Tuesday, September 19, 2017
11:45 AM – 1:00 PM
Lunch will be provided


Sign up today and secure your spot!!!
Only 2 Spots Left!!!
Baltimore Washington Financial Advisors invites you to a discussion on:
  • What state is best?
  • How much will it cost to stay in Maryland?
  • How to decide where you will retire
  • Should you purchase or rent?
  • Healthcare costs by state
  • Differences in state and local income taxes
  • Estate planning and estate taxes by state
  • Property and sales tax by state
  • Cost of living by state
Come join us as we discuss these issues and more!

What You Need to Know About Retirement –   

Before You Retire
 
Tuesday, September 21, 2017
06:00 PM – 7:30 PM
Dinner will be provided
Only 13 seats available!
 


Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Thad Ismart,  

CFP®

 
Senior Financial Planner

Baltimore Washington Financial Advisors invites you to a discussion on:
  • Avoiding the common mistakes
  • Have you saved enough?
  • Creating a vision- where will you live, what will you be doing, who will you live near?
  • Evaluating your retirement savings
  • Social Security
  • Healthcare options/choices
  • Creating a retirement paycheck
  • Tax implications
  • Asset Allocation Strategies for retirement
Come join us as we discuss these issues and more!
Estate Planning: How to Avoid Probate Court
with guest speaker
Gary Greenwald, P.C.
 
Tuesday, September 26, 2017
06:00 PM – 7:30 PM
Dinner will be provided


Sign up today and secure your spot!!!
Limited seats available!
 


Presented by:
Townsend Hornor, Jr.
Managing Director,
Wealth Management

Gary Greenwald, Esq

Baltimore Washington Financial Advisors invites you to an estate planning workshop on:
  • Avoid the time and expense of probate upon your death
  • Reduce the cost of settling your affairs upon your death by 60%-70%
  • Be confident that you, and not some court, determines who will be in charge of your assets upon disability or death
  • Make sure that if your surviving spouse remarried, the assets you left to him or her pass to your children and grandchildren, and not to his or her new spouse
  • Reduce any estate taxes when you die
  • Shield the inheritance you are leaving to your children from their creditors and the divorce court
Come join us as we discuss these issues and more!
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