Our PureVest Weekly Roundup looked at the latest reading on Inflation. As interest rates declined, mortgage refinance demand increased. After a rough year for stocks, Apple’s CEO Tim Cook agreed to a 40% pay cut. American Airlines raised its outlook after a busy holiday season. Goldman’s wealth CIO gave reasons why stocks could rally in the face
Weekly Roundup 1/13/23 Read More »
Our PureVest Weekly Roundup looked at the December jobs report, which was stronger than initially forecasted. The newly passed Secure act 2.0 allows tax-free rollovers from a 529 plan to a ROTH IRA; and changed the rules regarding required withdrawals from retirement accounts. Costco reported strong sales numbers in December. Tesla cut prices in China on two
Weekly Roundup 1/6/23 Read More »
On the last trading day of the year, our PureVest Weekly Roundup looked at the only significant piece of news this week: the passing of the Secure Act 2.0. The bill from congress will benefit those saving for retirement. Then we looked at how the market typically performs after a down year, a recap of the markets
Weekly Roundup 12/30/22 Read More »
Our PureVest Weekly Roundup looked at the third quarter GDP numbers, which were revised higher to 3.2%. This week, Congress passed a giant spending bill that included several changes designed to benefit people saving for retirement. In another blow to traditional cable television, the NFL signed a 7-year deal with YouTube for their Sunday Ticket package. Nike’s
Weekly Roundup 12/23/22 Read More »
Our PureVest Weekly Roundup looked at the latest inflation numbers, which showed that it continued to moderate in November. On Wednesday, Jerome Powell and the Federal Reserve hiked interest rates by a half-point. They signaled that more hikes are on the way, but the end of the rate hiking cycle may be near. The European Central Bank
Weekly Roundup 12/16/22 Read More »
An RMD is something we eventually have to consider. Saving and investing money into a pre-tax retirement account is a great way to save for the future. It also allows you to lower your tax liability every year that you contribute, making pre-tax retirement accounts one of the most popular ways people sock away money for
RMD’s… What You Need To Know Read More »
Our PureVest Weekly Roundup looked at how more and more chip manufacturing is moving from Asia to the U.S. Taiwan semi-conductor announced they are tripling their investment in Arizona to manufacture chips. After home improvement company Lowe’s beat earnings two weeks ago, they announced a new $15 billion stock buyback program this week. Gas prices at the
Weekly Roundup 12/9/22 Read More »
