Our PureVest Weekly Roundup looked at the rise in “REAL” hourly wages, which signaled an uptick in Americans’ purchasing power for the first time in over two years. New Jersey’s latest effort to stop retirees from fleeing to lower-tax states will be a 50% reduction in their property tax bill; details are in the article below. The S&P 500 index rose for a fifth week and is now higher than on March 16, 2022, when the Federal Reserve started hiking rates. Inventory of homes for sale is down close to 40% from before the pandemic began. So far, inflows into stock ETFs have topped $60 billion in 2023. Our Education section has an explanation of “stock splits” and a list of the essential things to know about them. If you haven’t already done so, download our FREE report on the “7 Critical Questions To Ask Before Retirement”. Enjoy the light reading, and have a great weekend.
Markets & Economy:
Americans’ buying power rose for first time since March 2021
source:www.cnbc.com
New Jersey Tries To Woo Florida-Bound Seniors With Tax Break
source:www.fa-mag.com
Wall Street Rally Wipes Away a Year of Fed-Induced Losses
source:www.advisorperspectives.com
Housing market inventory keeps declining and that’s bad news for homebuyers
source:www.businessinsider.com
It’s official: Student loan payments will restart in October, Education Department says
source:www.cnbc.com
Inflows Into Stock ETFs Pick Up Steam
source:www.etf.com
5 important questions to ask your financial advisor
source:www.yahoofinance.com
Education:
What Is a Stock Split?
source:www.investopedia.com
10 Things You Should Know About Stock Splits
source:www.hartfordfunds.com
PureVest Report:
We put together a FREE report on the top questions you should be asking as you plan your retirement. Download your copy now!