MCF Insights: Social Security Gets a 2.8% Raise
In October of 2018, the Social Security Administration announced that Social Security and Supplemental Security Income benefits for more than 67 million Americans will increase 2.8% in 2019.
Ways the Midterm Elections Will Impact Investors
Today's Midterm Elections feature hundreds of hotly contested races at the state and local level and have culminated with a general election that will decide whether the Republicans maintain – or the Democrats gain – control of Congress. What are some potential implications for the U.S. economy and its stock markets?
MCF Insights: Market Corrections Can Be Healthy and Beneficial
With the stock market’s historic growth that began in early 2009, many believe a 10% pullback may be a healthy thing. Such a drop is not horribly painful, by historical standards, and smart investors can cushion such a fall.
MCF Insights: Aretha Franklin Died Without a Will
When legendary singer Aretha Franklin died of advanced pancreatic cancer at age 76, she did not have a will or trust, according to documents filed in Oakland County Probate Court. And now the $80 million estate of the intensely private Queen of Soul is about to become very public – and possibly very taxing for her heirs.
MCF Insights: Should You Lose Sleep Over the Yield Curve
IS THE FLATTENING YIELD CURVE TELLING US A RECESSION IS AROUND THE CORNER? Suddenly everyone is talking about the yield curve: Barron’s, Bloomberg, CNBC and The Wall Street Journal. Given all the attention it has gotten in recent months, most everyone seems to know that the bond market’s yield curve is dangerously close to inverting, an event that has reliably predicted U.S. recessions in the past. The recent firming of economic growth, however, is a reminder that the shrinking difference between short- and long-term Treasury yields by itself does not indicate economic weakness ahead.
MCF Insights: Aging Parents and Money
Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully. When you hit a certain age of your life, you may realize that one topic keeps coming up in conversations with your friends: care for aging parents. The concerns aren’t limited to health care managing money is also a big problem.