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Weekly Economic Update
October 23, 2017
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The Markets (as of market close October 20, 2017)
As we all know, the Dow reached 23000 for the first time in its history. Strong corporate earnings and the anticipation of Congress reaching a budget resolution swayed investors toward equities. The other indices were up as well last week, with Dow leading the way, given its narrower focus.
Crude oil (WTI) rose from the prior week. The price of gold (COMEX) dropped over the same time period
Last Week’s Economic Headlines
- Following three consecutive months of declining activity, the number of existing home sales increased slightly in September, while the year to date activity remains down with building inventory.
- The end of the fiscal year saw the federal deficit up over the 2016 fiscal year deficit.
- New home construction took a hit in September, somewhat impacted by Hurricanes Harvey and Irma. On the plus side, new home completions increased in September over August.
- Industrial production rose in September, but for the third quarter as a whole, industrial production fell.
- U.S. import prices increased in September and have risen 2.7% over the past 12 months. Export prices have risen 2.9% over the past year.
- Initial claims for unemployment are at the lowest level for initial claims since March 31, 1973.
Eye on the Week Ahead
Besides watching our research indicators for our BWFA portfolio, we will watch the first report on the third-quarter gross domestic product out at the end of the week. The second quarter saw the economy grow at a rate of 3.1%, although prices expanded at a more moderate 1.0%. Other important economic reports out this week include the September figures on orders for durable goods and international trade in goods.
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Click Below to Read Our Current Magazine
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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
Last Day to Register!!
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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Wellness Series Part 1:
Investing in Your Health
with Dr. Emily Telfair, N.D.
Wednesday, November 15, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Dr. Emily Telfair, N.D.
Naturopathic Medicine
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New Seminar Series!
Baltimore Washington Financial Advisors invites you to a Wellness Seminar Series.
Topics to include:
- Strategies for the healthiest investment of “your wellness dollars.”
- Guidelines for using food as your medicine.
- Tips on how to reduce toxin exposures in your home.
- Self-care practices to age with grace and vitality.
Come join us as we discuss these issues and more!
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Estate Planning:
Protecting Your Bloodline
with Guest Speaker
Gary Greenwald, Esq.
Thursday, November 16, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Managing Director,
Wealth Management
Gary Greenwald, Esq.
Spaces are limited!
Sign up today!
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Baltimore Washington Financial Advisors and Gary Greenwald Esq. invite you to this interactive workshop on “How to protect your bloodline.”
At this workshop, you will learn to:
- If you die first, how you can make sure that the assets you leave your spouse are beyond the reach of his or her next spouse?
- After you and your spouse die, how can you make sure that your assets do not get distributed to your no good son in law or daughter in law (a crowd favorite)!
- How can you make sure that the assets you leave your children are managed in sucha a way that there is something left for your grandchildren?
Come join us as we discuss these issues and more!
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Roth vs. Traditional IRA
Tuesday, November 21, 2017
11:45 AM – 1:00 PM
Lunch to be provided
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Managing Director,
Wealth Management
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Roth IRA’s and 401(k)s can be extremely beneficial for retirement investors. This BWFA workshop will show you how to take advantage of both of them.
This discussion will include:
- Positioning your assets before you retire
- Reducing your taxes during retirement
- Extending the life of your financial assets
- Creating tax planning flexibility during retirement
Come join us as we discuss these issues and more!
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Social Security and Planning
Tuesday, November 28, 2017
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