Published: Wed, 30 Sep 2020 16:32:12 +0000
The first presidential debate is now in the books, with two more (maybe) ahead and a vice presidential debate on October 7. The debate was raucus, occasionally uncouth, and more than a little surreal for viewers at home. But did … Continue reading →
Published: Wed, 30 Sep 2020 15:05:55 +0000
Daily Insights Stocks opened higher. US equities reversed earlier losses following a contentious US presidential debate Tuesday night that raised more questions of a potentially contested election. On the flipside, House Speaker Nancy Pelosi noted positive discussions with US Treasury … Continue reading →
Published: Tue, 29 Sep 2020 16:00:03 +0000
Market Blog An old Wall Street adage says bond markets are smarter than equity markets, so when stocks encounter volatility, investors often look to the bond market for clues about the potential severity of equity market weakness. The option-adjusted spread … Continue reading →
Published: Tue, 29 Sep 2020 14:58:36 +0000
Daily Insights S&P 500 Index opens near flat after gains in four out of the last five sessions. US stocks saw broad gains Monday with a cyclical tilt as value stocks, led by energy and financials, kept pace with growth; … Continue reading →
Published: Tue, 29 Sep 2020 13:58:16 +0000
Market Blog The first presidential debate is tonight, September 29, with millions of people expected to tune in to see how each candidate handles the pressure. With tensions heightened amid an election that may be much closer than the polls … Continue reading →
Published: Mon, 28 Sep 2020 14:58:36 +0000
Daily Insights Stocks moving higher. US stocks opened in the green this morning following last Friday’s rally. The S&P 500 Index was down four consecutive weeks for the first time in more than a year. It hasn’t been down five … Continue reading →
Published: Fri, 25 Sep 2020 20:02:23 +0000
Market Blog Index Performance S&P 500 Index: -0.6% Dow Jones Industrial Average: -1.8% Nasdaq Composite: 1.1% US and International Equities The S&P 500 Index moved higher three days this week, but a 2.4% loss Wednesday pushed this index to its … Continue reading →
Published: Fri, 25 Sep 2020 16:00:03 +0000
Market Blog The September weakness continued with the S&P 500 Index 9.6% off the all-time high set on September 2 (as of 9/23/20). It is important to remember that after a 60% rally in the S&P 500—and much more in … Continue reading →
Published: Fri, 25 Sep 2020 14:49:54 +0000
Daily Insights Markets pull back. US equities are giving back some ground this morning, and that may mean the first four-week losing streak for the S&P 500 Index since August 2019. Headlines are quiet today. Democrats in the US House … Continue reading →
Published: Thu, 24 Sep 2020 15:57:45 +0000
Economic Blog In recent months, we have warmed up to Europe as a destination for equity investments in global portfolios. Through July, Europe had done a relatively good job containing the first wave of COVID-19, and cases were plummeting to … Continue reading →
Published: Thu, 24 Sep 2020 15:05:00 +0000
Daily Insights Stocks attempt to regain footing after Wednesday’s losses. Stocks are little changed at the open this morning after the S&P 500 Index tumbled 2.4% Wednesday, bringing its decline since September 2 to 9.6%, due in part to the … Continue reading →
Published: Wed, 23 Sep 2020 18:15:23 +0000
Market Blog In the recent LPL Market Signals video, LPL Financial Chief Market Strategist Ryan Detrick and Equity Strategist Jeff Buchbinder celebrate the 100th episode of this client-approved podcast, along with putting the recent stock market weakness in perspective and … Continue reading →
Published: Wed, 23 Sep 2020 15:58:14 +0000
Market Blog On March 23, 2020, the S&P 500 Index closed down 2.9% for the day, bringing its total loss from its all-time high to 33.9%. The index was in the midst of its fastest bear market ever. A day … Continue reading →
Published: Wed, 23 Sep 2020 14:58:11 +0000
Daily Insights Markets rebounded Tuesday. A tumultuous September for equities caused bargain hunters to take advantage of oversold conditions Tuesday, snapping a four-day losing streak for the S&P 500 Index. House Democrats and the White House reached a tentative deal … Continue reading →
Published: Tue, 22 Sep 2020 15:59:06 +0000
Market Blog A few weeks ago we looked at how different bond sectors performed during rising rate periods during the last economic cycle (2009–2020). Today we look at falling rate periods—not the outcome we expect, but it can still be … Continue reading →
Published: Tue, 22 Sep 2020 14:58:14 +0000
Daily Insights S&P 500 extends sell-off. Despite a strong rally in the final hour of trading, the S&P 500 Index extended its recent sell-off to open the week. As of Monday’s close, the index is now a little over 8% … Continue reading →
Published: Mon, 21 Sep 2020 18:15:00 +0000
Economic Blog We check in again today on some of the real-time economic data that LPL Research is monitoring to provide timely and valuable insights into the state of the US economy. Traditional economic data is often reported too slowly … Continue reading →
Published: Mon, 21 Sep 2020 14:58:12 +0000
Daily Insights Pullback continues. Stocks opened lower this morning as the S&P 500 Index attempts to break its three-week losing streak that has left it more than 7% below its September 2 high. Political uncertainty following Justice Ruth Bader Ginsberg’s … Continue reading →
Published: Fri, 18 Sep 2020 20:14:25 +0000
Weekly Market Performance – September 18, 2020: Markets Show Resilience Market Blog Index Performance S&P 500 Index: -0.6% Dow Jones Industrial Average: 0.0% Nasdaq Composite: -0.6% US and International Equities The equity markets attempted to gain marginal ground this … Continue reading →
Published: Fri, 18 Sep 2020 15:58:50 +0000
Market Blog One of the top requests we’ve received the past few weeks is for more charts on the US elections. We shared some of our favorite in Election Charts You Need to See: Part 1 and Part 2, and … Continue reading →
Published: Fri, 18 Sep 2020 15:06:11 +0000
Daily Insights TGIF. Stocks opened flat on an extremely light news day. Investors continued to digest the Federal Reserve’s decision from Wednesday and an influx of economic data. The S&P 500 Index is trying to avoid its first three-week losing … Continue reading →
Published: Thu, 17 Sep 2020 15:59:04 +0000
Market Blog At LPL Focus 2020, LPL Financial Chief Investment Officer Burt White and Chief Market Strategist Ryan Detrick sat around the campfire to discuss 2020 so far, what could be in store for the rest of 2020, and more, … Continue reading →
Published: Thu, 17 Sep 2020 14:59:49 +0000
Daily Insights Stocks opened lower. The late-session selling after the Federal Reserve (Fed) announcement Wednesday is spilling over this morning. Markets got a dovish Fed but seemed to want more, which is dampening enthusiasm for traders. Global markets are broadly … Continue reading →
Published: Wed, 16 Sep 2020 15:58:42 +0000
Economic Blog Retail sales rose 0.6% month over month in August following July’s downwardly revised 0.9% advance, but sales fell short of Bloomberg’s consensus expectation for a 1% increase. The retail sales control group, which excludes building materials, autos, and … Continue reading →
Published: Wed, 16 Sep 2020 14:59:36 +0000
Daily Insights Markets opened higher. US equities have continued their recent strength this week on the heels of the first two-week losing streak in nearly five months. Today the big news is the Federal Reserve (Fed) meeting, as all eyes … Continue reading →
Published: Wed, 16 Sep 2020 14:21:22 +0000
Market Blog In the recent LPL Market Signals video, LPL Financial Chief Market Strategist Ryan Detrick and Equity Strategist Jeff Buchbinder discuss the recent two-week losing streak for stocks and more, including: The fastest correction ever for the Nasdaq—and why … Continue reading →
Published: Tue, 15 Sep 2020 18:29:05 +0000
Economic Blog The US Federal Reserve (Fed) and Bank of Japan (BoJ) both meet this week, while the European Central Bank (ECB) met last week. When central bankers talk— markets listen. “The global economy has been steadying faster than many … Continue reading →
Published: Tue, 15 Sep 2020 14:58:20 +0000
Daily Insights Global stocks look to rally. Most major Asian indexes were higher overnight following strong data on Chinese industrial activity and retail sales, although Japan’s Nikkei lagged. The Euro Stoxx 600 is higher at midday. The S&P 500 Index … Continue reading →
Published: Mon, 14 Sep 2020 15:58:23 +0000
Market Blog As we noted last week, the demand for election charts is off the charts (pun intended), so we are sharing some of our favorite election charts. Without further ado, here are some more election charts you need to … Continue reading →
Published: Mon, 14 Sep 2020 14:58:49 +0000
Daily Insights Stocks opened solidly higher. Stocks are getting back a chunk of last week’s losses this morning, led by technology and boosted by vaccine optimism. It’s “Merger Monday” with large deals announced in the semiconductor and biotech industries, along … Continue reading →
Published: Fri, 11 Sep 2020 19:59:38 +0000
Market Blog Index Performance S&P 500 Index:-2.4% Dow Jones Industrial Average: -1.7% Nasdaq Composite: -4.0% US and International Equities During this shortened trading week, the equity markets sold off following a strong summer advance. While continued losses in the … Continue reading →
Published: Fri, 11 Sep 2020 15:58:58 +0000
Market Blog First off, our thoughts go out to everyone who was impacted by the tragic events of September 11, 2001—19 years ago today. It is a day to reflect and remember those who were lost. One of the top … Continue reading →
Published: Fri, 11 Sep 2020 14:58:15 +0000
Daily Insights On this day we remember those whose lives were lost in the tragic events of September 11, 2001. We will never forget. Markets moving higher. US markets opened higher following Thursday’s steep sell-off. Stocks are looking to end … Continue reading →
Published: Thu, 10 Sep 2020 17:38:19 +0000
Economic Blog With everything else going on this year due to COVID-19, it’s been easy to lose track of the latest fallout of the United Kingdom’s (UK) withdrawal from the European Union (EU), also known as Brexit. The UK is … Continue reading →
Published: Thu, 10 Sep 2020 14:59:03 +0000
Daily Insights Stocks opened higher after reversing earlier losses. European markets are slightly lower in midday trading after the European Central Bank left policy unchanged. Asian markets finished mixed—China’s Shanghai Composite and Hong Kong’s Hang Seng closed lower, while Japan’s … Continue reading →
Published: Wed, 09 Sep 2020 15:58:50 +0000
Economic Blog While the direction of the 10-year Treasury yield over the last cycle was decidedly lower, as shown in LPL’s Chart of the Day, there were still six extended periods where it rose at least 0.75%, and in two … Continue reading →
Published: Wed, 09 Sep 2020 14:58:06 +0000
DAILY INSIGHTS Equity markets rebound. US stocks opened solidly higher this morning to rebound from Tuesday’s sell-off. The outsized summer advance after the best August in over 30 years, still-elevated COVID-19 infections, US-China tensions, and skepticism concerning the economic rebound … Continue reading →
Published: Tue, 08 Sep 2020 15:58:28 +0000
Economic Blog In the recent LPL Market Street View video, LPL Financial’s Chief Market Strategist Ryan Detrick discusses why the recession is likely over, making it one of the shortest recessions ever. Some reasons discussed include: Historically, new stock market … Continue reading →
Published: Tue, 08 Sep 2020 14:58:27 +0000
DAILY INSIGHTS Tech weakness weighing on US markets early. The S&P 500 Index opened lower after the long holiday weekend as concerns about valuations and a shift in sentiment continued to weigh on some tech-oriented names. Similar concerns sent most … Continue reading →
Published: Mon, 07 Sep 2020 19:54:03 +0000
This week in the LPL Market Signals podcast, LPL Financial’s Chief Market Strategist Ryan Detrick and Equity Strategist Jeff Buchbinder discuss the impacts of a potential President Trump second term. They also discuss: The historic August bounce Can the strength … Continue reading →
To make appropriate choices, you need to predict—as well as you can—your future economic circumstances. You’ll also need to establish your post-retirement goals. When you’ve determined how much of an income stream you’ll probably require in the future, you’ll be in a position to make wise choices now about income, savings, investments and other employer-sponsored retirement plans.
A financial advisor can help you develop an overall strategy for approaching your financial goals that not only anticipates what you’ll need to do to pursue them, but that remains flexible enough to accommodate your evolving financial needs.
Five years before they retire, older workers should start focusing seriously on the big changes ahead, says Emily Guy Birkin, in her book, The 5 Years Before You Retire: Retirement Planning When You Need It the Most.
Estimate—Consider your health and family history to estimate your lifespan and to determine how long your retirement funds need to last.
Calculate—Add up your monthly retirement income (without windfalls or inheritances) from:
Build up—Collect every penny of an employer’s 401(k) match; in addition, consider increasing your retirement savings by at least one percent.
Anticipate—Use online retirement calculators to see if your savings and income will last for your projected lifespan; take inflation into account.
Insure—Consider disability insurance if the inability to work could upend your plans.
Budget—Itemize an entire year’s spending to create your retirement budget. Include out-of-pocket medical costs, long-term care, taxes and inflation.
Pay down—Retire all debt possible, including mortgages, vehicles, credit card balances and other loans.
Plan—Think about downsizing. If you’re going to stay put for now, research fallback options for the future.
Insure—Price long-term care insurance and weigh pros and cons. If someone depends on your income, consider purchasing life insurance.
Consult—Talk to your financial advisor for help on running your numbers on sophisticated planning software, spot planning gaps and refine your investment strategy.
Catch up—Complete postponed home-maintenance tasks. If possible, get ahead of anticipated repairs and replacements.
Decide—Contact the Social Security Administration to learn about taking benefits earlier rather than later, and choose when you’ll claim your benefits.
Study—Learn all you can about converting savings to an income stream; and plan how you’ll withdraw your funds, including how to meet required minimum distributions. Supplement—If money will be tight, find a second source of income. For example, take in a boarder or start a business on the side.
Assess—Decide the bare minimum you need for a comfortable retirement. Can you fill any income gaps or should you adopt a longer horizon?
Replace—If you can afford to, consider buying new Sign up—Research Medicare and supplemental medical plans and enroll in Medicare three months before your 65th birthday.
Consult—Seek professional help before withdrawing income from your retirement portfolio.