Recently a question was asked to Barack Obama about Social Security. The President remarked: “So here’s the thing. Social Security is not in a crisis.” Hold up a minute, maybe the President has not read the Trustee’s of Social Security Annual report issued August 5th 2010. The “Social Security Act” requires the Trustees of Social Security Trust Fund to report …
Dying Without A Will
What happens if you die without a Will? Well, really no one dies without a Will, because if you haven’t created one for yourself the state you live in will. Dying without a Will is known as dying “intestate”, which basically means the state at which you live at the time of death already has specified laws to determine how …
The Dog Days of Summer Cause a Volatile Week
It was another wild and volatile week in the equity markets this past week, although the turbulent activity was tempered somewhat by the lack of trading volume. Stocks started out the week on a weak note, and rebounded slightly to end mixed on Friday. What really threw cold water on the stock market this week was the ugly weekly jobs …
Friday the 13th Comes Early
Friday the 13th of 2010 actually came this past Wednesday, when the stock market began to panic over a possible double-dip recession when the Federal Reserve issued another warning about our nation’s weak economic conditions. The major stock indexes all dropped by nearly 3% on that dismal Wednesday and continued to sputter throughout the rest of the week. Talk is …
Stocks Muted By Poor Jobs Report
Stocks were sent reeling southward this past Friday as the monthly jobs report was disappointing to say the least, and raised fresh worries about economic weakness and the risk of deflation. The jobs report, which showed non-farm payrolls fell by a larger-than-expected 131,000 last month, added to a stream of economic data over recent weeks that indicate the American recovery …
Red Hot July Stocks
The temperatures in Alabama weren’t the only thing that was hot during the month of July. All of the major equity indexes were higher by around 7% for this past month, the biggest month investors have enjoyed since a year ago. Investors flip-flopped throughout July, buying stocks on strong earnings reports and then subsequently selling on weaker-than-expected economic numbers. For …
2010 Fi360 Article Competition Winner – Andrew D. Rice
Andy recently won Fi360’s article competition for the article he wrote “Roth Conversion – The Gamble of a Lifetime”. The article was published by Investment News on January 31, 2010. You can also read the announcement of Andy as the winner on Fi360’s website
Roth Conversions – “The Gamble of a Lifetime”
This Article actually won Andy the coveted “2010 Fi360 Article Competition”. Fi360 promotes Fiduciary Excellence among financial advisors, which we at MMS Inc. take very seriously. Fi360 owns and awards the AIF and AIFA professional designations, provides analytical and reporting technology and ongoing support for all types of fiduciaries and financial service providers, including advisors, wealth managers, plan sponsors, trustees, …