The three major indexes fell Friday as oil prices dropped 1.0 percent amid a rising global supply and the Federal Reserve appeared on track to raise interest rates next month. Reports from China indicating falling domestic demand and manufacturing activity increased downward pressure. For the week, the Dow rose 3.00 percent to close at 25,989.30. The S&P gained 2.21 percent to finish at 2,781.01, and the NASDAQ climbed 0.68 percent to end the week at 7,406.90.
Waiting for the Right Person — Among Americans who married in 2017 for the first time, the median age for men was 29.5 years old and the median age for women was 27.4 years old (source: Census Bureau, BTN Research).
Super-Size It —Thirty-five percent of workers surveyed in the fall of 2017 who are participating in and contributing to a 401(k) or similarly defined contribution plan are deferring more than 10 percent of their pretax wages (source: Transamerica Retirement Survey of Workers, December 2017, BTN Research).
Tough October —The S&P 500 lost 6.8 percent in October 2018 (total return), its worst month in more than seven years (since a September 2011 loss of 7 percent) and its worst October since the index fell 16.8 percent in October 2008 at the beginning of the global real estate crisis (source: BTN Research).
WEEKLY FOCUS – Making It Easier for Future Caregivers
A person turning 65 today has a nearly 70 percent chance of needing some type of
Health care often becomes one of the most expensive aspects of retirement years, and
While many people turn to family and friends for unpaid care, that doesn’t mean there won’t be costs involved. There will be. Caregiving can turn a family member’s life – and finances – upside down. Many caregivers reduce their work hours, take a less demanding job (with less pay) or give up their jobs entirely. They are also often hit with direct costs in addition to the loss of wages and benefits.
Here are some startling facts on the financial toll caregivers experience:
A Northwestern Mutual survey revealed 68 percent of family caregivers provided financial support. Of those who incurred expenses for caregiving, 67 percent had to reduce their own living expenses; 63 percent withdrew money from savings or cashed or sold assets; 32 percent stopped or reduced their contributions to savings
Lack of planning can result in financial tolls on both you and your caregiver.
Preplanning today for
The Dorion-Gray Team
Securities offered through Securities America, Inc., Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. a Registered Investment Advisory Firm. Dorion-Gray Retirement Planning is a trade name of Dorion-Gray Financial Services, Inc. located at 2602 IL Route 176, Crystal Lake, IL 60014. Dorion-Gray and the Securities America companies are separate, unaffiliated entities.
Diversification seeks to reduce the volatility of a portfolio by investing in a variety of asset classes. Neither asset allocation nor diversification guarantee against market loss or greater or more consistent returns.
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* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Morgan Stanley Capital International Europe, Australia