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Weekly Economic Update
October 16, 2017
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The Markets (as of market close October 13, 2017)
Once again the major stock market indices, except for the Russell 2000, increased last week. The large caps of the Dow and S&P 500 enjoyed moderate increases, as did the Global Dow, which gained the most last week. Most impressively, the Nasdaq ended the week at a new all-time record.
While equities marginally increased in value for the week, investors favored gold, crude oil and long-term bonds, all of which saw prices rise in this one week of trading.
Despite this one week uptick, BWFA continues to be reticent to invest in gold, oil or long term bonds, given the uncertain long term outlook of longer term maturing bonds and the cyclicality of commodities. Also note, that some of our clients participate less in Nasdaq stocks than others in more growth oriented BWFA models.
Last Week’s Economic Headlines
- Inflationary pressure may be gaining some traction, but only minimally.
- Retail food and service sales increased in September after falling in August.
- The prices producers receive for goods and services advanced in September.
- The number of job openings decreased slightly in August.
Eye on the Week Ahead
Trading volume should pick up following the Columbus Day week. Hurricane Harvey affected industrial production in August. September’s report should reflect the impact, if any, of Hurricane Irma on industrial production in September. The latest report on existing home sales is available at the end of the week, followed by September’s new home sales figures, which come out next week.
In addition to these economic reports we continue to monitor our companies and the sectors, as well as keep an eye on potential opportunities for additions to our clients’ portfolios.
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Click Below to Read Our Current Magazine
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Required Minimum Distributions
Thursday, October 19, 2017
6:00 PM – 7:30 PM
Dinner to be provided
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Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
Seats are filling up!
Sign up today!
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If you’re approaching 70, the IRS wants your IRA! Baby boomers who own a traditional IRA, 401(k), 403(b), or other qualified retirement plans will soon have to face taking their Required Minimum Distributions (RMD’s). Suddenly a portion of your tax-deferred savings will be taxable again and the impact on your portfolio could be significant if your’re not armed with the right information and the right strategy.
Topics included:
- When do I have to take my RMD- and are there exceptions?
- How much will I have to take out?
- How much will I have to pay in taxes?
- How does it impact my Social Security?
- How does it impact Medicare premiums?
Come join us as we discuss these issues and more!
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Tax Planning Strategies
Tuesday, October 24, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Managing Director,
Wealth Management
Lex Ruygrok, CPA
Tax Consultant
Seats are filling up!
Sign up today!
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Baltimore Washington Financial Advisors invites you to a discussion on lowering your tax bill.
The End of the year is quickly approaching and it’s almost time for taxes. Learn tips and strategies on how to save money when filing your taxes.
Topics included:
- Three tax strategies that will save you money
- Specific tax code provisions that you need to know
- How to lower your tax bill
- How to avoid costly penalties
Come join us as we discuss these issues and more!
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Estate Planning:
Second Marriages
with Guest Speaker
Gary Greenwald, Esq.
Thursday, October 26, 2017
6:00 PM – 7:30 PM
Dinner to be provided
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Managing Director,
Wealth Management
Gary Greenwald, Esq.
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Baltimore Washington Financial Advisors and Gary Greenwald Esq. invite you to this interactive workshop on “Smart Estate Planning for Second Marriages.”
At this workshop, you will learn to:
- Make sure that your estate is settled in accordance with your wishes, of your second spouse survives you
- Protect your assets after your death is your new spouse and children do not get a long
- How to have your assets managed if you become disabled or die first?
- Hoe to protect your assets after you pass from a surviving, second spend thrift spouse?
- The precautions to take to protect your assets before you marry again
Come join us as we discuss these issues and more!
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Elder Law:
Learn What Elder Law Attorneys are Advising Clients in 2017
With Guest Speaker
Steve Elville, Esq.
Tuesday, October 31, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Managing Director,
Wealth Management
Steve Elville, Esq.
Prinicipal
Elville and Associates
Only 5 seats remain!
Sign up today!
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Baltimore Washington Financial Advisors and Elville and Associates, invite you to this interactive workshop on “Elder Law.”
“Elder Law attorneys are not just lawyers, they are counselors.”
At this workshop, you will learn that Elder Law Encompasses many things such as:
- Planning for individuals and families who do not have taxable estates, but who are primarily concerned about the protection of the assets and addressing disability and long-term care issues
- Medical Assistance: Medicaid, long-term care planning, asset protection, nursing home and assisted living selection and placement
- Social Security issues, Veterans’ Benefits, Senior housing issues
- Powers of Attorney, Advance Medical Directives, wills, trusts and more
Come join us as we discuss these issues and more!
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What You Need to Know About Retirement-
Before You Retire
Wednesday, November 8, 2017
6:00 PM – 7:30 PM
Dinner to be provided
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Managing Director,
Wealth Management
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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!
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State of Residence in Retirement
Thursday, November 9, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Back by Popular Demand!!
Presented by:
Managing Director,
Wealth Management
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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!
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