Published: Mon, 23 Nov 2020 17:25:23 +0000
Economic Blog COVID-19 cases have been rising in several regions around the world, prompting many countries to implement new restrictions to curb the spread of the virus. Governments in a few European countries have rolled out what has been dubbed … Continue reading →
Published: Mon, 23 Nov 2020 15:58:20 +0000
Daily Insights Stocks opened higher. S&P 500 Index opened about 0.4% higher as market participants continued to weigh the COVID-19 threat against vaccine prospects. Stocks responded to positive COVID-19 trial results from AstraZeneca in partnership with Oxford University. Asian markets … Continue reading →
Published: Fri, 20 Nov 2020 21:16:05 +0000
Market Blog Index Performance US and International Equities This week, as some of the economic news was pointing to worries of a potential economic slowdown, some areas of the stock market are looking ahead to a potential economic recovery. … Continue reading →
Published: Fri, 20 Nov 2020 16:58:11 +0000
Economic Blog Leading economic indicators are confirming what high-frequency data has been telling us for weeks: The rate of the domestic economic recovery, while still positive, is slowing. On November 19, the Conference Board released its October report detailing … Continue reading →
Published: Fri, 20 Nov 2020 16:12:25 +0000
Daily Insights US markets open modestly mixed. US equities opened mixed this morning following Thursday’s afternoon rally. Investors bought equities Thursday on COVID-19 vaccine progress and an eventual economic turnaround, in spite of higher COVID-19 numbers and continued Washington gridlock … Continue reading →
Published: Thu, 19 Nov 2020 16:58:58 +0000
Economic Blog Real-time European COVID-19 and economic data provides an insight into how the pandemic is affecting economies around the world. We’re monitoring real-time data because traditional economic data is too slow to pick up the changes that are occurring. … Continue reading →
Published: Thu, 19 Nov 2020 15:58:35 +0000
Daily Insights Virus concerns mount. Stocks opened slightly lower this morning as COVID-19 spread has increased concerns that the economic recovery may be knocked off track by additional restrictions and changing consumer behavior. The S&P 500 Index is poised for … Continue reading →
Published: Wed, 18 Nov 2020 18:43:47 +0000
Market Blog First, the big economic data point this week was retail sales. Although the headline number was a little light at 0.3% versus an expected 0.5% gain month-over-month, it still hit another new all-time high along the way (source: … Continue reading →
Published: Wed, 18 Nov 2020 15:32:28 +0000
Daily Insights US Markets open higher. Investors are taking advantage of marked-down equity names, reversing course from Tuesday. On Tuesday market participants were focused on COVID-19 case spikes and potential effects on the economic recovery. Gridlock on fiscal stimulus added … Continue reading →
Published: Tue, 17 Nov 2020 15:58:39 +0000
Daily Insights S&P 500 Index opens lower following Monday rally Vaccine-driven gains may be increasingly priced in as the US rally fizzled in international markets overnight and US markets are giving back some of Monday’s gains in early Tuesday trading. … Continue reading →
Published: Tue, 17 Nov 2020 15:58:29 +0000
Market Blog Fixed income investors aren’t used to having to deal with the volatility of stocks, but in the year that is 2020, that is exactly what has happened thus far. Unfortunately, while we don’t see the volatility of … Continue reading →
Published: Mon, 16 Nov 2020 16:07:47 +0000
Daily Insights Stocks open higher S&P 500 Index opened about 0.7% higher at a fresh all-time high while the Nasdaq saw a more modest gain. European markets broadly are up more than 1.5% in midday trading. Asian markets rose broadly … Continue reading →
Published: Mon, 16 Nov 2020 15:58:28 +0000
Market Blog It took more than two years, but small caps finally broke out to new highs, as the Russell 2000 Index on Friday closed at its first new high since August 31, 2018. This capped off one of the … Continue reading →
Published: Fri, 13 Nov 2020 21:00:08 +0000
Market Blog Index performance US and International Equities Markets received positive vaccine news from Pfizer this week, a very positive sign for the industrials and other value-laden sectors that the end of the pandemic could be on the horizon. Value … Continue reading →
Published: Fri, 13 Nov 2020 15:57:57 +0000
Daily Insights US markets point to a higher open. Markets opened higher, reversing lower closes across the board Thursday after talks of potential new COVID-19 restrictions. Value sectors underperformed growth for the second day in a row Thursday. European equities … Continue reading →
Published: Fri, 13 Nov 2020 13:14:30 +0000
Economic Blog This year’s Masters Golf Tournament teed off Thursday at the Augusta National Course in Georgia. While there will be some familiar sights as the players compete for the coveted green jacket, it will also be a year unlike any … Continue reading →
Published: Thu, 12 Nov 2020 16:58:30 +0000
Market Blog Third quarter earnings season has been outstanding relative to expectations by many measures. Some of the highlights: S&P 500 Index earnings are tracking to a 7.5% year-over-year decline, as shown in the LPL Chart of the Day, more … Continue reading →
Published: Thu, 12 Nov 2020 15:59:14 +0000
Daily Insights S&P 500 Index opened lower. The market rotation toward cyclical value is taking a pause as the NASDAQ opened slightly higher. Jobless claims and consumer inflation highlight the economic calendar. European stocks are down nearly 1% overall in … Continue reading →
Published: Wed, 11 Nov 2020 21:26:17 +0000
Economic Blog Bond markets have had quite a ride since Election Day. The 10-year Treasury yield had been climbing very slowly in the months leading up to the election as the economy improved, but possibly also in anticipation of a … Continue reading →
Published: Wed, 11 Nov 2020 16:18:19 +0000
Daily Insights On this Veterans Day we say thank you to our men and women in uniform, past, present, and future. US markets open higher for Veteran’s Day. US markets open in the green after mixed market results Tuesday in which the … Continue reading →
Published: Wed, 11 Nov 2020 15:57:02 +0000
Market Blog In our recent Market Signals video, LPL Financial Chief Market Strategist Ryan Detrick, Equity Strategist Jeff Buchbinder, and Chief Investment Officer Burt White discussed the election, the economy, and more, including: Market calm amid gridlock in Washington The … Continue reading →
Published: Tue, 10 Nov 2020 15:57:27 +0000
Daily Insights S&P 500 Index opens near flat. Positive vaccine news sent the S&P 500 higher Monday, but the market seems to be pausing this morning. The S&P 500 Index finished a solid 1.2% higher on Monday, hitting its highest … Continue reading →
Published: Mon, 09 Nov 2020 16:58:09 +0000
Market Blog Stocks just had their best week since April, with the S&P 500 Index incredibly a chip shot away from new all-time highs. Joe Biden will be the next President of the United States, but markets are confident Republicans … Continue reading →
Published: Mon, 09 Nov 2020 15:59:13 +0000
Daily Insights Stocks are sharply higher. Futures were solidly higher on election clarity before today’s vaccine news, which has added to gains. The S&P 500 Index opened about 4% higher at a fresh all-time high. The small cap Russell 2000 … Continue reading →
Published: Fri, 06 Nov 2020 21:01:09 +0000
Market Blog View enlarged chart. US and International Equities US stocks staged one of their biggest election week rallies ever, with all major markets finishing up over 5% this week. Small caps had a particularly big week, with the Russell … Continue reading →
Published: Fri, 06 Nov 2020 17:16:22 +0000
Economic Blog The US labor market shrugged off election uncertainty and continued to add jobs in October. Despite the waning effects of fiscal stimulus and rising COVID-19 cases, per the US Bureau of Labor Statistics, the US economy added 638,000 … Continue reading →
Published: Fri, 06 Nov 2020 16:15:26 +0000
Daily Insights US markets pullback amid uncertainty. As ballots are still being tallied, equities opened little changed this morning. Investors appear to be in approval of a likely divided Congress outcome, offsetting concerns about a possible drawn-out battle for the … Continue reading →
Published: Thu, 05 Nov 2020 16:58:58 +0000
Market Blog As of Thursday morning, a winner to the 2020 presidential election has yet to be “officially” declared as several battleground states have yet to be called. Even as more clarity emerges from remaining votes being counted in … Continue reading →
Published: Thu, 05 Nov 2020 16:02:32 +0000
Daily Insights Stocks opened sharply higher. With the election still too close to call, US stocks opened sharply higher as market participants continue to express approval for a likely split Congress outcome. The potential benefits for corporate America are—at least … Continue reading →
Published: Wed, 04 Nov 2020 17:00:05 +0000
Market Blog The election is over, but the questions are mounting. We don’t know who will be the next president as of Wednesday morning, but we do know that stocks tend to do well the final two months of an … Continue reading →
Published: Wed, 04 Nov 2020 15:58:19 +0000
Daily Insights US markets opened sharply higher despite lack of winner. Following a solid close for US equities, the markets opened strongly in the green this morning. Investors appear to be pricing in increasing odds of a divided government, which … Continue reading →
Published: Tue, 03 Nov 2020 17:05:08 +0000
Economic Blog 2020 has certainly been a bizarre year, and perhaps we have finally arrived at the culminating event—the US presidential election. While every election may be characterized as a major turning point in our country’s history, the context of … Continue reading →
Published: Tue, 03 Nov 2020 16:28:10 +0000
Top Story: What to Watch Election Night Florida, Georgia, and North Carolina are key swing states that can count or process ballots before Election Day and whose polls close relatively early. They’ll be the bellwethers and should have most of … Continue reading →
Published: Mon, 02 Nov 2020 17:51:18 +0000
Market Blog Index Performance View expanded table. View expanded table. View expanded table. US and International Equities The major market indices, as denoted by the S&P 500 and Nasdaq, gave back ground again in October with almost all sectors … Continue reading →
Published: Mon, 02 Nov 2020 15:56:37 +0000
Daily Insights Stocks sharply higher on Election Day eve. Market participants appear to be looking past rising COVID-19 cases and election uncertainty this morning and finding buying opportunities after last week’s losses. The S&P 500 Index opened more than 1% … Continue reading →
Published: Fri, 30 Oct 2020 20:06:12 +0000
Market Blog Index Performance US and International Equities An increase in COVID-19 cases in the United States and Europe and what they could mean for the economic outlook has caused turbulence in this week’s markets. Moreover, Washington gridlock over much-needed … Continue reading →
Published: Fri, 30 Oct 2020 15:59:36 +0000
Economic Blog With Election Day a mere five days away, we at LPL Research thought we would add one last election forecaster to the mix of what we’ve presented over the last several months—as much because of what it might … Continue reading →
Published: Fri, 30 Oct 2020 14:58:15 +0000
Daily Insights Stocks sell off amid Thursday’s rally The market shrugged off COVID-19 new case numbers and ended Thursday higher. This followed Wednesday’s decline in which the S&P 500 Index pulled back the most since June of this year. US … Continue reading →
Published: Thu, 29 Oct 2020 16:06:34 +0000
Economic Blog The outbreak of COVID-19 and the subsequent lockdowns triggered the largest quarter over-quarter decline in gross domestic product (GDP) since WWII, so perhaps it comes as no surprise that the following quarter tallied the sharpest rebound in that … Continue reading →
Published: Thu, 29 Oct 2020 15:25:51 +0000
Daily Insights Stocks were lower Wednesday, October 28—historically the best day of the year for the stock market—as the latest COVID-19 outbreak and election uncertainty weighed. Today market participants will take cues from the GDP report, jobless claims, and earnings … 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.