NEWS AND ANNOUNCEMENTS
Weekly Economic Update - August 13, 2018
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Meld Financial, Inc. Presents:
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Weekly Economic Update
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Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.12"]“Do not accustom yourself to use big words for
little matters.”
-Samuel Johnson[/et_pb_text][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.12"]This year, the Internal Revenue Service eased the “use it or lose it” rule on Flexible Spending Accounts (FSAs). In the past, funds you directed into an FSA had to be spent by the end of a year or else they would be forfeited. The I.R.S. now permits you to carry over as much as $500 in FSA funds into the next year, but your employer must elect to allow this option.[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.12"]A cargo truck hauling a load of lumber can carry 2 tons. It approaches a bridge with a sign, which notes that the bridge can support up to 2 tons of weight. The driver sees the sign and reckons that the bridge should hold up under the weight of the truck. Is the driver right?[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.12"]Gary drops an egg onto a sidewalk. The egg doesn't break after falling 3 feet. Why?[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.12" custom_padding="||224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]The egg is dropped from a height of more than 3’, so after 3’ of falling, it has not yet broken.[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.12" background_color="#ffffff"]August 13, 2018
INFLATION AT 2.9%, CORE INFLATION AT 2.4% Friday, the Department of Labor reported these annualized gains through July of this year for the Consumer Price Index. Both the headline and core CPIs rose 0.2% last month, matching the consensus forecast of economists polled by Reuters. The yearly core inflation increase is the largest on record since September 2008. (The core inflation reading leaves out food and energy costs.) The Producer Price Index was flat in July, with the yearly advance declining slightly to 3.4%; the core PPI rose 0.3%, resulting in a 2.8% annualized gain.
1,2HOW IS EARNINGS SEASON GOING?Ninety-one percent of S&P 500 companies have reported Q2 results so far. FactSet, the respected stock market analytics firm, reports that 72% have surprised to the upside in terms of sales and 79% have topped earnings expectations. Weighing actual earnings results and future projections, FactSet estimates a 24.6% “blended” earnings growth rate for the second quarter. On Friday, the forward 12-month P/E ratio for the S&P 500 was 16.6; that compares to an average of 16.2 across the past five years.
3OIL FALLS FOR A SIXTH STRAIGHT WEEKWTI crude last suffered such a losing streak in 2015. Friday, it settled at $67.63 on the NYMEX, even after a 1.2% advance during Friday’s trading session. Some commodities investors believe that the emerging trade war will reduce demand for energy products.
4NASDAQ ADVANCES, S&P and DOW RETREATThe possibility of the U.S. doubling tariffs on Turkish aluminum and steel sent stocks skidding worldwide, Friday, as diplomatic disagreements between the countries took on an economic aspect. Of the three major Wall Street indices, only the Nasdaq Composite posted a weekly gain, rising 0.35% to 7,839.11. The S&P 500 fell 0.25% in five days, settling at 2,833.28 Friday. The Dow Jones Industrial Average ended the week 0.59% lower at 25,313.14.
5,6THIS WEEKSysco announces Q2 results Monday. | Advance Auto Parts, Agilent Technologies, and Home Depot present earnings on Tuesday. | On Wednesday, July retail sales numbers are out, along with earnings from Briggs & Stratton and Cisco. | Nordstrom, Nvidia, and Walmart share quarterly results on Thursday, as Wall Street also considers new data on initial jobless claims and July homebuilding activity. | The University of Michigan’s initial August consumer sentiment index appears on Friday, plus the Conference Board’s latest leading indicators index and earnings from Deere & Co.
| % CHANGE | Y-T-D | 1-YR CHG | 5-YR AVG | 10-YR AVG |
| DJIA | 2.40 | 15.88 | 12.82 | 11.48 |
| NASDAQ | 13.55 | 26.09 | 22.84 | 22.13 |
| S&P 500 | 5.97 | 16.20 | 13.50 | 11.71 |
| | | | |
| REAL YIELD | 8/10 RATE | 1 YR AGO | 5 YRS AGO | 10 YRS AGO |
| 10 YR TIPS | 0.78 | 0.40 | 0.33 | 1.80 |
Sources: wsj.com, bigcharts.com, treasury.gov - 8/10/18
6,7,8,9Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
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Meld Financial, Inc.
P.O. Box 43626
Birmingham, AL 35243
Phone: 205-967-4200
Email: Meld@meldfinancial.com
www.meldfinancial.com
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.0.106" background_layout="light" saved_tabs="all"]
Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.12" text_font_size="10px" module_class="fine-print-post-text"]This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
CITATIONS:1 - cnbc.com/2018/08/10/us-cpi-july-2018.html [8/10/18]2 - reuters.com/article/us-usa-economy-inventories/u-s-producer-prices-unchanged-in-july-idUSKBN1KU1JH [8/9/18]3 - factset.com/hubfs/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_081018.pdf [8/10/18]4 - bloomberg.com/news/articles/2018-08-10/oil-set-for-sixth-weekly-loss-as-u-s-china-trade-war-escalates [8/10/18]5 - thestreet.com/markets/stocks-slide-amid-currency-crisis-in-turkey-14679908 [8/10/18]6 - markets.wsj.com/us [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/10/18]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/10/18][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Special Social Security Filing Strategies
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For People Born Before January 2, 1954
By Patricia L. Burris, CFP®, Vice President, Corporate & Retirement Plan Services - Meld Financial, Inc.
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]
Click here to register for our next event, "Investment Planning: From Growth to Income".
[/et_pb_text][et_pb_text admin_label="Detail - Text" _builder_version="3.11.1"]If you were born before January 2, 1954 you may be able to have your cake and eat it too as far as Social Security goes. By this I mean, you may be able to file what is known as a restricted application for spousal benefits and receive 50% of your spouse’s (or ex-spouse’s) primary insurance amount (PIA) between the ages of 66 and 70 and let your own benefit grow at 8% per year. Then at your age 70 you refile a regular application and receive 132% of your PIA.In order to take advantage of this special filing strategy, the following conditions must be met:
- You have not already filed for Social Security benefits.
- You must already be at least full retirement age (age 66 if born between 1943-1954).
- Your spouse must have already filed for benefits on their own record. It doesn’t matter what age your spouse was when they originally filed.
- If you are currently unmarried, or got married after age 60, you can file on your ex-spouse’s record if:
- You were married for at least 10 years.
- If divorced within the past two years, your ex-spouse has already filed for benefits.
- If divorced more
- than two years ago, your ex-spouse need not have already filed.
- If you are a widow/widower, you can file on your deceased spouse’s record.
- If your spouse died while you were still married, it doesn’t matter how long you were married.
- If your spouse died after you were divorced, you had to have been married for at least 10 years.
Example of How a Restricted Application Works
Jack and Jill are married, they are both age 66, which is their full retirement age for Social Security purposes. Jack’s PIA is $2,000 per month and Jill’s is $1,500. Jill filed for Social Security at her age 62 receiving a reduced benefit of 75% of her PIA or $1,125. Jack files a restricted application for spousal benefits at his age 66 allowing him to receive 50% of Jill’s PIA, or $800. Note the spousal benefit is based on the spouse’s PIA and not the reduced amount they received because they filed early.At Jack’s age 70, he should then refile with the SSA on his own record. At this point he will receive 132% of his age 66 PIA, or $2,640 plus any cost of living increases the SSA applied between his ages 66 and 70.
How to File A Restricted Application
If you are filing on a current spouse’s record, a restricted application for spousal benefits can be submitted online at
ssa.gov. If you are filing on a divorced spouse’s or deceased spouse’s record, you will need to apply in person at the SSA office. If divorced, you will need to take a copy of your marriage certificate and divorce decree. If your spouse is deceased, you should also take a copy of your marriage certificate and the death certificate.If you can file online, I strongly suggest you do so since it’s relatively easy. However, if you file online, beware there is no question that asks if you are filing a restricted application. To do this, you will need to answer yes to the following question:
If you are eligible for both retirement benefits and spouse’s benefit, do you want to delay receipt of retirement benefit?
If you are full retirement age and we determine that you are eligible to receive both a retirement benefit and a spouse’s benefit, you may choose to delay receiving your own retirement benefit and receive only the spouse’s benefit for now.
O Yes O NoAt the end of your online application, there will be a comments section where I suggest you enter, “I am filing a restricted application for spousal benefits only and wish to delay receipt of benefits on my own record”. This is to confirm to the SSA that yes, you know what you are doing and truly want spousal benefits only.
Don’t be Surprised if You Receive a Letter from the SSA
Often when people file for SSA benefits and the application will not provide the maximum benefit the filer is entitled to at that time, the SSA sends a letter to the applicant. The letter tells the applicant that if they switch to benefits on their own record, they will be entitled to more. You of course will already know this and intentionally filed for reduced spousal benefits allowing you to let your own benefits grow at 8% per year. However, the letter from the SSA can be confusing so don’t let it change your intentional filing strategy.The Bipartisan Budget Act of 2015 changed the rules for filing Social Security benefits thus this technique is only available to folks born before 1/2/1954. Some folks like me were born a little too late and can’t take advantage of the restricted application strategy. Me, I was born a year too late, but my brother was born in 1953 so in 2019, when he turns full retirement age, I’ll be sure he’s aware of this filing strategy so at least one of us siblings can have our cake and eat it too.[/et_pb_text][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]
Click here to register for our next event, "Investment Planning: From Growth to Income".
[/et_pb_text][et_pb_image _builder_version="3.0.92" src="https://meldfinancial.com/wp-content/uploads/logo.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" module_class="no-shadow" /][et_pb_text admin_label="Meld Contact Info - Text" _builder_version="3.0.101" background_layout="light"]
Meld Financial, Inc. may be reached at:
205-967-4200
meld@meldfinancial.com
P. O. Box 43626
Birmingham, AL 35243
www.meldfinancial.com
[/et_pb_text][et_pb_text admin_label="Fine Print - Text" _builder_version="3.11.1" text_font_size="10px" custom_css_main_element="font-size:10px important!;"]
Securities offered through Triad Advisors, LLC . Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
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Weekly Economic Update - August 6, 2018
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Meld Financial, Inc. Presents:
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Weekly Economic Update
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.11.1"]“The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge.”
-Daniel Boorstin[/et_pb_text][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.11.1"]Usually, there is little point in trying to negotiate a financial aid package for a student at one university by referencing another offer made by a different school. Most colleges have tight financial aid budgets to begin with and firm award guidelines for financial aid officers to follow.[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.11.1"]Gary drops an egg onto a sidewalk. The egg doesn't break after falling 3 feet. Why?[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.11.1"]What can you feel but never touch, hear but never see?[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.11.1" custom_padding="||224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]The wind.[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.11.1" background_color="#ffffff"]August 6, 2018
ECONOMY ADDS 157,000 NET NEW JOBS Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a combined 59,000, bringing average monthly job growth over the past three months to 224,000. Even with fewer hires, the headline unemployment rate ticked down to 3.9%, and the U-6 rate (factoring in underemployed workers) dropped 0.3% to 7.5%, underneath where it was in July 2017. Last month, wages had improved 2.7%, year-over-year.
1GOOD NEWS FOR CONSUMER SPENDING AND CONSUMER CONFIDENCE Personal spending, according to the Department of Commerce, rose 0.4% during June on the heels of a 0.5% May climb. Personal incomes improved by 0.4% in June, duplicating the number from May. Beating the 127.0 forecast of analysts surveyed by MarketWatch, the Conference Board’s July consumer confidence index rose 0.3 points to 127.4.
2ISM PURCHASING MANAGER INDICES DECLINEWhile still in fine shape, the Institute for Supply Management’s twin gauges measuring economic activity in the factory and service sectors fell last month. The Institute’s manufacturing PMI went from a 60.2 June reading to a 58.1 July mark. ISM’s non-manufacturing PMI lost 3.4 points on the month, heading down to 55.7.
3STOCKS ADVANCE FOR A FIFTH STRAIGHT WEEKUp 0.76% over five trading sessions, the S&P 500 settled at 2,840.35, Friday. The Nasdaq Composite added 0.96% for the week, reaching 7,812.01 at Friday’s closing bell. Blue chips were flat for the week: the Dow Industrials gained but 0.05% to 25,462.58. All three indices were positive for Friday, even with news that China planned to levy import taxes on $60 billion more of American exports.
4,5THIS WEEKMonday’s earnings parade includes announcements from Andeavor, Boise Cascade, Hertz Global Holdings, Marriott International, Mosaic, Sempra Energy, Tyson Foods, and Weight Watchers. | Tuesday, Wall Street considers earnings from Aramark, Avis Budget Group, Camping World, Dean Foods, Discovery Channel, Hostess Brands, Invacare, Office Depot, Papa John’s, Snap, Walt Disney Co., and Wendy’s. | Earnings from CVS Health, Green Dot, Horizon Pharma, Keurig Dr. Pepper, Manulife, Michael Kors, Monster Beverage, Roku, Sinclair Broadcasting, Starwood Hotels & Resorts, Sunoco, TiVo, Twenty-First Century Fox, U.S. Auto Parts, Weibo, Wyndham Destinations, and Yelp appear Wednesday. | Thursday, the July Producer Price Index arrives, along with a new initial jobless claims report and earnings from Gannett, Lions Gate, News Corp., Norwegian Cruise Line, Planet Fitness, Tronc, Viacom, and Vista Outdoor. | Friday marks the appearance of the July Consumer Price Index.
| % CHANGE | Y-T-D | 1-YR CHG | 5-YR AVG | 10-YR AVG |
| DJIA | 3.01 | 15.60 | 12.52 | 12.56 |
| NASDAQ | 13.16 | 23.21 | 22.35 | 24.18 |
| S&P 500 | 6.24 | 14.89 | 13.23 | 12.74 |
| | | | |
| REAL YIELD | 8/3 RATE | 1 YR AGO | 5 YRS AGO | 10 YRS AGO |
| 10 YR TIPS | 0.83 | 0.46 | 0.42 | 1.64 |
Sources: wsj.com, bigcharts.com, treasury.gov - 8/3/18
5,6,7,8Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.11.1" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
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[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Contact Info - Text" _builder_version="3.11.1" background_layout="light"]
Meld Financial, Inc.
P.O. Box 43626
Birmingham, AL 35243
Phone: 205-967-4200
Email: Meld@meldfinancial.com
www.meldfinancial.com
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.11.1" background_layout="light" saved_tabs="all"]
Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.11.1" text_font_size="10px" module_class="fine-print-post-text"]This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
CITATIONS:1 - nbcnews.com/business/economy/price-rising-employment-slow-wage-growth-trade-risks-n897461 [8/3/18]2 - marketwatch.com/economy-politics/calendars/economic [8/3/18]3 - instituteforsupplymanagement.org/ISMReport/NonMfgROB.cfm [8/3/18]4 - foxbusiness.com/markets/stock-futures-cautiously-lower-ahead-of-july-jobs-report [8/3/18]5 - markets.wsj.com/us [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/3/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/3/18][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Weekly Economic Update - August 13, 2018
[et_pb_section bb_built="1" _builder_version="3.0.87" custom_margin="0px|||" custom_padding="0px|||"][et_pb_row _builder_version="3.0.86" custom_margin="||0px|" custom_padding="||0px|"][et_pb_column type="4_4"][et_pb_image admin_label="WEU - Image" _builder_version="3.0.89" src="https://meldfinancial.com/wp-content/uploads/WEU-Pic-1200x628.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" custom_padding="||20px|" /][et_pb_text admin_label="Meld Financial Presents - H2i - Text" _builder_version="3.0.86" background_layout="light"]
Meld Financial, Inc. Presents:
[/et_pb_text][et_pb_text admin_label="Weekly Economic Update - H1 - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
Weekly Economic Update
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.12"]“Do not accustom yourself to use big words for
little matters.”
-Samuel Johnson[/et_pb_text][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.12"]This year, the Internal Revenue Service eased the “use it or lose it” rule on Flexible Spending Accounts (FSAs). In the past, funds you directed into an FSA had to be spent by the end of a year or else they would be forfeited. The I.R.S. now permits you to carry over as much as $500 in FSA funds into the next year, but your employer must elect to allow this option.[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.12"]A cargo truck hauling a load of lumber can carry 2 tons. It approaches a bridge with a sign, which notes that the bridge can support up to 2 tons of weight. The driver sees the sign and reckons that the bridge should hold up under the weight of the truck. Is the driver right?[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.12"]Gary drops an egg onto a sidewalk. The egg doesn't break after falling 3 feet. Why?[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.12" custom_padding="||224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]The egg is dropped from a height of more than 3’, so after 3’ of falling, it has not yet broken.[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.12" background_color="#ffffff"]August 13, 2018
INFLATION AT 2.9%, CORE INFLATION AT 2.4% Friday, the Department of Labor reported these annualized gains through July of this year for the Consumer Price Index. Both the headline and core CPIs rose 0.2% last month, matching the consensus forecast of economists polled by Reuters. The yearly core inflation increase is the largest on record since September 2008. (The core inflation reading leaves out food and energy costs.) The Producer Price Index was flat in July, with the yearly advance declining slightly to 3.4%; the core PPI rose 0.3%, resulting in a 2.8% annualized gain.
1,2HOW IS EARNINGS SEASON GOING?Ninety-one percent of S&P 500 companies have reported Q2 results so far. FactSet, the respected stock market analytics firm, reports that 72% have surprised to the upside in terms of sales and 79% have topped earnings expectations. Weighing actual earnings results and future projections, FactSet estimates a 24.6% “blended” earnings growth rate for the second quarter. On Friday, the forward 12-month P/E ratio for the S&P 500 was 16.6; that compares to an average of 16.2 across the past five years.
3OIL FALLS FOR A SIXTH STRAIGHT WEEKWTI crude last suffered such a losing streak in 2015. Friday, it settled at $67.63 on the NYMEX, even after a 1.2% advance during Friday’s trading session. Some commodities investors believe that the emerging trade war will reduce demand for energy products.
4NASDAQ ADVANCES, S&P and DOW RETREATThe possibility of the U.S. doubling tariffs on Turkish aluminum and steel sent stocks skidding worldwide, Friday, as diplomatic disagreements between the countries took on an economic aspect. Of the three major Wall Street indices, only the Nasdaq Composite posted a weekly gain, rising 0.35% to 7,839.11. The S&P 500 fell 0.25% in five days, settling at 2,833.28 Friday. The Dow Jones Industrial Average ended the week 0.59% lower at 25,313.14.
5,6THIS WEEKSysco announces Q2 results Monday. | Advance Auto Parts, Agilent Technologies, and Home Depot present earnings on Tuesday. | On Wednesday, July retail sales numbers are out, along with earnings from Briggs & Stratton and Cisco. | Nordstrom, Nvidia, and Walmart share quarterly results on Thursday, as Wall Street also considers new data on initial jobless claims and July homebuilding activity. | The University of Michigan’s initial August consumer sentiment index appears on Friday, plus the Conference Board’s latest leading indicators index and earnings from Deere & Co.
| % CHANGE | Y-T-D | 1-YR CHG | 5-YR AVG | 10-YR AVG |
| DJIA | 2.40 | 15.88 | 12.82 | 11.48 |
| NASDAQ | 13.55 | 26.09 | 22.84 | 22.13 |
| S&P 500 | 5.97 | 16.20 | 13.50 | 11.71 |
| | | | |
| REAL YIELD | 8/10 RATE | 1 YR AGO | 5 YRS AGO | 10 YRS AGO |
| 10 YR TIPS | 0.78 | 0.40 | 0.33 | 1.80 |
Sources: wsj.com, bigcharts.com, treasury.gov - 8/10/18
6,7,8,9Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
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Meld Financial, Inc.
P.O. Box 43626
Birmingham, AL 35243
Phone: 205-967-4200
Email: Meld@meldfinancial.com
www.meldfinancial.com
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.0.106" background_layout="light" saved_tabs="all"]
Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.12" text_font_size="10px" module_class="fine-print-post-text"]This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
CITATIONS:1 - cnbc.com/2018/08/10/us-cpi-july-2018.html [8/10/18]2 - reuters.com/article/us-usa-economy-inventories/u-s-producer-prices-unchanged-in-july-idUSKBN1KU1JH [8/9/18]3 - factset.com/hubfs/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_081018.pdf [8/10/18]4 - bloomberg.com/news/articles/2018-08-10/oil-set-for-sixth-weekly-loss-as-u-s-china-trade-war-escalates [8/10/18]5 - thestreet.com/markets/stocks-slide-amid-currency-crisis-in-turkey-14679908 [8/10/18]6 - markets.wsj.com/us [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/10/18]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/10/18][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Special Social Security Filing Strategies
[et_pb_section bb_built="1" _builder_version="3.0.92"][et_pb_row][et_pb_column type="1_2"][et_pb_image _builder_version="3.11.1" src="https://meldfinancial.com/wp-content/uploads/social-security-filing-strategiesfacebook.jpg" /][/et_pb_column][et_pb_column type="1_2"][et_pb_text _builder_version="3.11.1" custom_padding="20px|||" custom_padding_last_edited="on|desktop"]
For People Born Before January 2, 1954
By Patricia L. Burris, CFP®, Vice President, Corporate & Retirement Plan Services - Meld Financial, Inc.
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]
Click here to register for our next event, "Investment Planning: From Growth to Income".
[/et_pb_text][et_pb_text admin_label="Detail - Text" _builder_version="3.11.1"]If you were born before January 2, 1954 you may be able to have your cake and eat it too as far as Social Security goes. By this I mean, you may be able to file what is known as a restricted application for spousal benefits and receive 50% of your spouse’s (or ex-spouse’s) primary insurance amount (PIA) between the ages of 66 and 70 and let your own benefit grow at 8% per year. Then at your age 70 you refile a regular application and receive 132% of your PIA.In order to take advantage of this special filing strategy, the following conditions must be met:
- You have not already filed for Social Security benefits.
- You must already be at least full retirement age (age 66 if born between 1943-1954).
- Your spouse must have already filed for benefits on their own record. It doesn’t matter what age your spouse was when they originally filed.
- If you are currently unmarried, or got married after age 60, you can file on your ex-spouse’s record if:
- You were married for at least 10 years.
- If divorced within the past two years, your ex-spouse has already filed for benefits.
- If divorced more
- than two years ago, your ex-spouse need not have already filed.
- If you are a widow/widower, you can file on your deceased spouse’s record.
- If your spouse died while you were still married, it doesn’t matter how long you were married.
- If your spouse died after you were divorced, you had to have been married for at least 10 years.
Example of How a Restricted Application Works
Jack and Jill are married, they are both age 66, which is their full retirement age for Social Security purposes. Jack’s PIA is $2,000 per month and Jill’s is $1,500. Jill filed for Social Security at her age 62 receiving a reduced benefit of 75% of her PIA or $1,125. Jack files a restricted application for spousal benefits at his age 66 allowing him to receive 50% of Jill’s PIA, or $800. Note the spousal benefit is based on the spouse’s PIA and not the reduced amount they received because they filed early.At Jack’s age 70, he should then refile with the SSA on his own record. At this point he will receive 132% of his age 66 PIA, or $2,640 plus any cost of living increases the SSA applied between his ages 66 and 70.
How to File A Restricted Application
If you are filing on a current spouse’s record, a restricted application for spousal benefits can be submitted online at
ssa.gov. If you are filing on a divorced spouse’s or deceased spouse’s record, you will need to apply in person at the SSA office. If divorced, you will need to take a copy of your marriage certificate and divorce decree. If your spouse is deceased, you should also take a copy of your marriage certificate and the death certificate.If you can file online, I strongly suggest you do so since it’s relatively easy. However, if you file online, beware there is no question that asks if you are filing a restricted application. To do this, you will need to answer yes to the following question:
If you are eligible for both retirement benefits and spouse’s benefit, do you want to delay receipt of retirement benefit?
If you are full retirement age and we determine that you are eligible to receive both a retirement benefit and a spouse’s benefit, you may choose to delay receiving your own retirement benefit and receive only the spouse’s benefit for now.
O Yes O NoAt the end of your online application, there will be a comments section where I suggest you enter, “I am filing a restricted application for spousal benefits only and wish to delay receipt of benefits on my own record”. This is to confirm to the SSA that yes, you know what you are doing and truly want spousal benefits only.
Don’t be Surprised if You Receive a Letter from the SSA
Often when people file for SSA benefits and the application will not provide the maximum benefit the filer is entitled to at that time, the SSA sends a letter to the applicant. The letter tells the applicant that if they switch to benefits on their own record, they will be entitled to more. You of course will already know this and intentionally filed for reduced spousal benefits allowing you to let your own benefits grow at 8% per year. However, the letter from the SSA can be confusing so don’t let it change your intentional filing strategy.The Bipartisan Budget Act of 2015 changed the rules for filing Social Security benefits thus this technique is only available to folks born before 1/2/1954. Some folks like me were born a little too late and can’t take advantage of the restricted application strategy. Me, I was born a year too late, but my brother was born in 1953 so in 2019, when he turns full retirement age, I’ll be sure he’s aware of this filing strategy so at least one of us siblings can have our cake and eat it too.[/et_pb_text][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]
Click here to register for our next event, "Investment Planning: From Growth to Income".
[/et_pb_text][et_pb_image _builder_version="3.0.92" src="https://meldfinancial.com/wp-content/uploads/logo.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" module_class="no-shadow" /][et_pb_text admin_label="Meld Contact Info - Text" _builder_version="3.0.101" background_layout="light"]
Meld Financial, Inc. may be reached at:
205-967-4200
meld@meldfinancial.com
P. O. Box 43626
Birmingham, AL 35243
www.meldfinancial.com
[/et_pb_text][et_pb_text admin_label="Fine Print - Text" _builder_version="3.11.1" text_font_size="10px" custom_css_main_element="font-size:10px important!;"]
Securities offered through Triad Advisors, LLC . Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Weekly Economic Update - August 6, 2018
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Meld Financial, Inc. Presents:
[/et_pb_text][et_pb_text admin_label="Weekly Economic Update - H1 - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
Weekly Economic Update
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.11.1"]“The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge.”
-Daniel Boorstin[/et_pb_text][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.11.1"]Usually, there is little point in trying to negotiate a financial aid package for a student at one university by referencing another offer made by a different school. Most colleges have tight financial aid budgets to begin with and firm award guidelines for financial aid officers to follow.[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.11.1"]Gary drops an egg onto a sidewalk. The egg doesn't break after falling 3 feet. Why?[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.11.1"]What can you feel but never touch, hear but never see?[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.11.1" custom_padding="||224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]The wind.[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.11.1" background_color="#ffffff"]August 6, 2018
ECONOMY ADDS 157,000 NET NEW JOBS Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a combined 59,000, bringing average monthly job growth over the past three months to 224,000. Even with fewer hires, the headline unemployment rate ticked down to 3.9%, and the U-6 rate (factoring in underemployed workers) dropped 0.3% to 7.5%, underneath where it was in July 2017. Last month, wages had improved 2.7%, year-over-year.
1GOOD NEWS FOR CONSUMER SPENDING AND CONSUMER CONFIDENCE Personal spending, according to the Department of Commerce, rose 0.4% during June on the heels of a 0.5% May climb. Personal incomes improved by 0.4% in June, duplicating the number from May. Beating the 127.0 forecast of analysts surveyed by MarketWatch, the Conference Board’s July consumer confidence index rose 0.3 points to 127.4.
2ISM PURCHASING MANAGER INDICES DECLINEWhile still in fine shape, the Institute for Supply Management’s twin gauges measuring economic activity in the factory and service sectors fell last month. The Institute’s manufacturing PMI went from a 60.2 June reading to a 58.1 July mark. ISM’s non-manufacturing PMI lost 3.4 points on the month, heading down to 55.7.
3STOCKS ADVANCE FOR A FIFTH STRAIGHT WEEKUp 0.76% over five trading sessions, the S&P 500 settled at 2,840.35, Friday. The Nasdaq Composite added 0.96% for the week, reaching 7,812.01 at Friday’s closing bell. Blue chips were flat for the week: the Dow Industrials gained but 0.05% to 25,462.58. All three indices were positive for Friday, even with news that China planned to levy import taxes on $60 billion more of American exports.
4,5THIS WEEKMonday’s earnings parade includes announcements from Andeavor, Boise Cascade, Hertz Global Holdings, Marriott International, Mosaic, Sempra Energy, Tyson Foods, and Weight Watchers. | Tuesday, Wall Street considers earnings from Aramark, Avis Budget Group, Camping World, Dean Foods, Discovery Channel, Hostess Brands, Invacare, Office Depot, Papa John’s, Snap, Walt Disney Co., and Wendy’s. | Earnings from CVS Health, Green Dot, Horizon Pharma, Keurig Dr. Pepper, Manulife, Michael Kors, Monster Beverage, Roku, Sinclair Broadcasting, Starwood Hotels & Resorts, Sunoco, TiVo, Twenty-First Century Fox, U.S. Auto Parts, Weibo, Wyndham Destinations, and Yelp appear Wednesday. | Thursday, the July Producer Price Index arrives, along with a new initial jobless claims report and earnings from Gannett, Lions Gate, News Corp., Norwegian Cruise Line, Planet Fitness, Tronc, Viacom, and Vista Outdoor. | Friday marks the appearance of the July Consumer Price Index.
| % CHANGE | Y-T-D | 1-YR CHG | 5-YR AVG | 10-YR AVG |
| DJIA | 3.01 | 15.60 | 12.52 | 12.56 |
| NASDAQ | 13.16 | 23.21 | 22.35 | 24.18 |
| S&P 500 | 6.24 | 14.89 | 13.23 | 12.74 |
| | | | |
| REAL YIELD | 8/3 RATE | 1 YR AGO | 5 YRS AGO | 10 YRS AGO |
| 10 YR TIPS | 0.83 | 0.46 | 0.42 | 1.64 |
Sources: wsj.com, bigcharts.com, treasury.gov - 8/3/18
5,6,7,8Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.11.1" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
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Meld Financial, Inc.
P.O. Box 43626
Birmingham, AL 35243
Phone: 205-967-4200
Email: Meld@meldfinancial.com
www.meldfinancial.com
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.11.1" background_layout="light" saved_tabs="all"]
Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.11.1" text_font_size="10px" module_class="fine-print-post-text"]This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
CITATIONS:1 - nbcnews.com/business/economy/price-rising-employment-slow-wage-growth-trade-risks-n897461 [8/3/18]2 - marketwatch.com/economy-politics/calendars/economic [8/3/18]3 - instituteforsupplymanagement.org/ISMReport/NonMfgROB.cfm [8/3/18]4 - foxbusiness.com/markets/stock-futures-cautiously-lower-ahead-of-july-jobs-report [8/3/18]5 - markets.wsj.com/us [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/3/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/3/18][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Weekly Economic Update - August 13, 2018
[et_pb_section bb_built="1" _builder_version="3.0.87" custom_margin="0px|||" custom_padding="0px|||"][et_pb_row _builder_version="3.0.86" custom_margin="||0px|" custom_padding="||0px|"][et_pb_column type="4_4"][et_pb_image admin_label="WEU - Image" _builder_version="3.0.89" src="https://meldfinancial.com/wp-content/uploads/WEU-Pic-1200x628.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" custom_padding="||20px|" /][et_pb_text admin_label="Meld Financial Presents - H2i - Text" _builder_version="3.0.86" background_layout="light"]
Meld Financial, Inc. Presents:
[/et_pb_text][et_pb_text admin_label="Weekly Economic Update - H1 - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
Weekly Economic Update
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.12"]“Do not accustom yourself to use big words for
little matters.”
-Samuel Johnson[/et_pb_text][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.12"]This year, the Internal Revenue Service eased the “use it or lose it” rule on Flexible Spending Accounts (FSAs). In the past, funds you directed into an FSA had to be spent by the end of a year or else they would be forfeited. The I.R.S. now permits you to carry over as much as $500 in FSA funds into the next year, but your employer must elect to allow this option.[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.12"]A cargo truck hauling a load of lumber can carry 2 tons. It approaches a bridge with a sign, which notes that the bridge can support up to 2 tons of weight. The driver sees the sign and reckons that the bridge should hold up under the weight of the truck. Is the driver right?[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.12"]Gary drops an egg onto a sidewalk. The egg doesn't break after falling 3 feet. Why?[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.12" custom_padding="||224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]The egg is dropped from a height of more than 3’, so after 3’ of falling, it has not yet broken.[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.12" background_color="#ffffff"]August 13, 2018
INFLATION AT 2.9%, CORE INFLATION AT 2.4% Friday, the Department of Labor reported these annualized gains through July of this year for the Consumer Price Index. Both the headline and core CPIs rose 0.2% last month, matching the consensus forecast of economists polled by Reuters. The yearly core inflation increase is the largest on record since September 2008. (The core inflation reading leaves out food and energy costs.) The Producer Price Index was flat in July, with the yearly advance declining slightly to 3.4%; the core PPI rose 0.3%, resulting in a 2.8% annualized gain.
1,2HOW IS EARNINGS SEASON GOING?Ninety-one percent of S&P 500 companies have reported Q2 results so far. FactSet, the respected stock market analytics firm, reports that 72% have surprised to the upside in terms of sales and 79% have topped earnings expectations. Weighing actual earnings results and future projections, FactSet estimates a 24.6% “blended” earnings growth rate for the second quarter. On Friday, the forward 12-month P/E ratio for the S&P 500 was 16.6; that compares to an average of 16.2 across the past five years.
3OIL FALLS FOR A SIXTH STRAIGHT WEEKWTI crude last suffered such a losing streak in 2015. Friday, it settled at $67.63 on the NYMEX, even after a 1.2% advance during Friday’s trading session. Some commodities investors believe that the emerging trade war will reduce demand for energy products.
4NASDAQ ADVANCES, S&P and DOW RETREATThe possibility of the U.S. doubling tariffs on Turkish aluminum and steel sent stocks skidding worldwide, Friday, as diplomatic disagreements between the countries took on an economic aspect. Of the three major Wall Street indices, only the Nasdaq Composite posted a weekly gain, rising 0.35% to 7,839.11. The S&P 500 fell 0.25% in five days, settling at 2,833.28 Friday. The Dow Jones Industrial Average ended the week 0.59% lower at 25,313.14.
5,6THIS WEEKSysco announces Q2 results Monday. | Advance Auto Parts, Agilent Technologies, and Home Depot present earnings on Tuesday. | On Wednesday, July retail sales numbers are out, along with earnings from Briggs & Stratton and Cisco. | Nordstrom, Nvidia, and Walmart share quarterly results on Thursday, as Wall Street also considers new data on initial jobless claims and July homebuilding activity. | The University of Michigan’s initial August consumer sentiment index appears on Friday, plus the Conference Board’s latest leading indicators index and earnings from Deere & Co.
| % CHANGE | Y-T-D | 1-YR CHG | 5-YR AVG | 10-YR AVG |
| DJIA | 2.40 | 15.88 | 12.82 | 11.48 |
| NASDAQ | 13.55 | 26.09 | 22.84 | 22.13 |
| S&P 500 | 5.97 | 16.20 | 13.50 | 11.71 |
| | | | |
| REAL YIELD | 8/10 RATE | 1 YR AGO | 5 YRS AGO | 10 YRS AGO |
| 10 YR TIPS | 0.78 | 0.40 | 0.33 | 1.80 |
Sources: wsj.com, bigcharts.com, treasury.gov - 8/10/18
6,7,8,9Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
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[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Contact Info - Text" _builder_version="3.0.86" background_layout="light"]
Meld Financial, Inc.
P.O. Box 43626
Birmingham, AL 35243
Phone: 205-967-4200
Email: Meld@meldfinancial.com
www.meldfinancial.com
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.0.106" background_layout="light" saved_tabs="all"]
Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.12" text_font_size="10px" module_class="fine-print-post-text"]This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
CITATIONS:1 - cnbc.com/2018/08/10/us-cpi-july-2018.html [8/10/18]2 - reuters.com/article/us-usa-economy-inventories/u-s-producer-prices-unchanged-in-july-idUSKBN1KU1JH [8/9/18]3 - factset.com/hubfs/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_081018.pdf [8/10/18]4 - bloomberg.com/news/articles/2018-08-10/oil-set-for-sixth-weekly-loss-as-u-s-china-trade-war-escalates [8/10/18]5 - thestreet.com/markets/stocks-slide-amid-currency-crisis-in-turkey-14679908 [8/10/18]6 - markets.wsj.com/us [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F10%2F17&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F9%2F13&x=0&y=0 [8/10/18]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F11%2F08&x=0&y=0 [8/10/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/10/18]
9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/10/18][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Special Social Security Filing Strategies
[et_pb_section bb_built="1" _builder_version="3.0.92"][et_pb_row][et_pb_column type="1_2"][et_pb_image _builder_version="3.11.1" src="https://meldfinancial.com/wp-content/uploads/social-security-filing-strategiesfacebook.jpg" /][/et_pb_column][et_pb_column type="1_2"][et_pb_text _builder_version="3.11.1" custom_padding="20px|||" custom_padding_last_edited="on|desktop"]
For People Born Before January 2, 1954
By Patricia L. Burris, CFP®, Vice President, Corporate & Retirement Plan Services - Meld Financial, Inc.
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]
Click here to register for our next event, "Investment Planning: From Growth to Income".
[/et_pb_text][et_pb_text admin_label="Detail - Text" _builder_version="3.11.1"]If you were born before January 2, 1954 you may be able to have your cake and eat it too as far as Social Security goes. By this I mean, you may be able to file what is known as a restricted application for spousal benefits and receive 50% of your spouse’s (or ex-spouse’s) primary insurance amount (PIA) between the ages of 66 and 70 and let your own benefit grow at 8% per year. Then at your age 70 you refile a regular application and receive 132% of your PIA.In order to take advantage of this special filing strategy, the following conditions must be met:
- You have not already filed for Social Security benefits.
- You must already be at least full retirement age (age 66 if born between 1943-1954).
- Your spouse must have already filed for benefits on their own record. It doesn’t matter what age your spouse was when they originally filed.
- If you are currently unmarried, or got married after age 60, you can file on your ex-spouse’s record if:
- You were married for at least 10 years.
- If divorced within the past two years, your ex-spouse has already filed for benefits.
- If divorced more
- than two years ago, your ex-spouse need not have already filed.
- If you are a widow/widower, you can file on your deceased spouse’s record.
- If your spouse died while you were still married, it doesn’t matter how long you were married.
- If your spouse died after you were divorced, you had to have been married for at least 10 years.
Example of How a Restricted Application Works
Jack and Jill are married, they are both age 66, which is their full retirement age for Social Security purposes. Jack’s PIA is $2,000 per month and Jill’s is $1,500. Jill filed for Social Security at her age 62 receiving a reduced benefit of 75% of her PIA or $1,125. Jack files a restricted application for spousal benefits at his age 66 allowing him to receive 50% of Jill’s PIA, or $800. Note the spousal benefit is based on the spouse’s PIA and not the reduced amount they received because they filed early.At Jack’s age 70, he should then refile with the SSA on his own record. At this point he will receive 132% of his age 66 PIA, or $2,640 plus any cost of living increases the SSA applied between his ages 66 and 70.
How to File A Restricted Application
If you are filing on a current spouse’s record, a restricted application for spousal benefits can be submitted online at
ssa.gov. If you are filing on a divorced spouse’s or deceased spouse’s record, you will need to apply in person at the SSA office. If divorced, you will need to take a copy of your marriage certificate and divorce decree. If your spouse is deceased, you should also take a copy of your marriage certificate and the death certificate.If you can file online, I strongly suggest you do so since it’s relatively easy. However, if you file online, beware there is no question that asks if you are filing a restricted application. To do this, you will need to answer yes to the following question:
If you are eligible for both retirement benefits and spouse’s benefit, do you want to delay receipt of retirement benefit?
If you are full retirement age and we determine that you are eligible to receive both a retirement benefit and a spouse’s benefit, you may choose to delay receiving your own retirement benefit and receive only the spouse’s benefit for now.
O Yes O NoAt the end of your online application, there will be a comments section where I suggest you enter, “I am filing a restricted application for spousal benefits only and wish to delay receipt of benefits on my own record”. This is to confirm to the SSA that yes, you know what you are doing and truly want spousal benefits only.
Don’t be Surprised if You Receive a Letter from the SSA
Often when people file for SSA benefits and the application will not provide the maximum benefit the filer is entitled to at that time, the SSA sends a letter to the applicant. The letter tells the applicant that if they switch to benefits on their own record, they will be entitled to more. You of course will already know this and intentionally filed for reduced spousal benefits allowing you to let your own benefits grow at 8% per year. However, the letter from the SSA can be confusing so don’t let it change your intentional filing strategy.The Bipartisan Budget Act of 2015 changed the rules for filing Social Security benefits thus this technique is only available to folks born before 1/2/1954. Some folks like me were born a little too late and can’t take advantage of the restricted application strategy. Me, I was born a year too late, but my brother was born in 1953 so in 2019, when he turns full retirement age, I’ll be sure he’s aware of this filing strategy so at least one of us siblings can have our cake and eat it too.[/et_pb_text][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]
Click here to register for our next event, "Investment Planning: From Growth to Income".
[/et_pb_text][et_pb_image _builder_version="3.0.92" src="https://meldfinancial.com/wp-content/uploads/logo.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" module_class="no-shadow" /][et_pb_text admin_label="Meld Contact Info - Text" _builder_version="3.0.101" background_layout="light"]
Meld Financial, Inc. may be reached at:
205-967-4200
meld@meldfinancial.com
P. O. Box 43626
Birmingham, AL 35243
www.meldfinancial.com
[/et_pb_text][et_pb_text admin_label="Fine Print - Text" _builder_version="3.11.1" text_font_size="10px" custom_css_main_element="font-size:10px important!;"]
Securities offered through Triad Advisors, LLC . Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Weekly Economic Update - August 6, 2018
[et_pb_section bb_built="1" _builder_version="3.0.87" custom_margin="0px|||" custom_padding="0px|||"][et_pb_row _builder_version="3.0.86" custom_margin="||0px|" custom_padding="||0px|"][et_pb_column type="4_4"][et_pb_image admin_label="WEU - Image" _builder_version="3.11.1" src="https://meldfinancial.com/wp-content/uploads/WEU-Pic-1200x628.png" custom_padding="||20px|" /][et_pb_text admin_label="Meld Financial Presents - H2i - Text" _builder_version="3.0.86" background_layout="light"]
Meld Financial, Inc. Presents:
[/et_pb_text][et_pb_text admin_label="Weekly Economic Update - H1 - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
Weekly Economic Update
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.11.1"]“The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge.”
-Daniel Boorstin[/et_pb_text][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.11.1"]Usually, there is little point in trying to negotiate a financial aid package for a student at one university by referencing another offer made by a different school. Most colleges have tight financial aid budgets to begin with and firm award guidelines for financial aid officers to follow.[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.11.1"]Gary drops an egg onto a sidewalk. The egg doesn't break after falling 3 feet. Why?[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.11.1"]What can you feel but never touch, hear but never see?[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.11.1" custom_padding="||224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]The wind.[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.11.1" background_color="#ffffff"]August 6, 2018
ECONOMY ADDS 157,000 NET NEW JOBS Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a combined 59,000, bringing average monthly job growth over the past three months to 224,000. Even with fewer hires, the headline unemployment rate ticked down to 3.9%, and the U-6 rate (factoring in underemployed workers) dropped 0.3% to 7.5%, underneath where it was in July 2017. Last month, wages had improved 2.7%, year-over-year.
1GOOD NEWS FOR CONSUMER SPENDING AND CONSUMER CONFIDENCE Personal spending, according to the Department of Commerce, rose 0.4% during June on the heels of a 0.5% May climb. Personal incomes improved by 0.4% in June, duplicating the number from May. Beating the 127.0 forecast of analysts surveyed by MarketWatch, the Conference Board’s July consumer confidence index rose 0.3 points to 127.4.
2ISM PURCHASING MANAGER INDICES DECLINEWhile still in fine shape, the Institute for Supply Management’s twin gauges measuring economic activity in the factory and service sectors fell last month. The Institute’s manufacturing PMI went from a 60.2 June reading to a 58.1 July mark. ISM’s non-manufacturing PMI lost 3.4 points on the month, heading down to 55.7.
3STOCKS ADVANCE FOR A FIFTH STRAIGHT WEEKUp 0.76% over five trading sessions, the S&P 500 settled at 2,840.35, Friday. The Nasdaq Composite added 0.96% for the week, reaching 7,812.01 at Friday’s closing bell. Blue chips were flat for the week: the Dow Industrials gained but 0.05% to 25,462.58. All three indices were positive for Friday, even with news that China planned to levy import taxes on $60 billion more of American exports.
4,5THIS WEEKMonday’s earnings parade includes announcements from Andeavor, Boise Cascade, Hertz Global Holdings, Marriott International, Mosaic, Sempra Energy, Tyson Foods, and Weight Watchers. | Tuesday, Wall Street considers earnings from Aramark, Avis Budget Group, Camping World, Dean Foods, Discovery Channel, Hostess Brands, Invacare, Office Depot, Papa John’s, Snap, Walt Disney Co., and Wendy’s. | Earnings from CVS Health, Green Dot, Horizon Pharma, Keurig Dr. Pepper, Manulife, Michael Kors, Monster Beverage, Roku, Sinclair Broadcasting, Starwood Hotels & Resorts, Sunoco, TiVo, Twenty-First Century Fox, U.S. Auto Parts, Weibo, Wyndham Destinations, and Yelp appear Wednesday. | Thursday, the July Producer Price Index arrives, along with a new initial jobless claims report and earnings from Gannett, Lions Gate, News Corp., Norwegian Cruise Line, Planet Fitness, Tronc, Viacom, and Vista Outdoor. | Friday marks the appearance of the July Consumer Price Index.
| % CHANGE | Y-T-D | 1-YR CHG | 5-YR AVG | 10-YR AVG |
| DJIA | 3.01 | 15.60 | 12.52 | 12.56 |
| NASDAQ | 13.16 | 23.21 | 22.35 | 24.18 |
| S&P 500 | 6.24 | 14.89 | 13.23 | 12.74 |
| | | | |
| REAL YIELD | 8/3 RATE | 1 YR AGO | 5 YRS AGO | 10 YRS AGO |
| 10 YR TIPS | 0.83 | 0.46 | 0.42 | 1.64 |
Sources: wsj.com, bigcharts.com, treasury.gov - 8/3/18
5,6,7,8Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.11.1" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]
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[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Contact Info - Text" _builder_version="3.11.1" background_layout="light"]
Meld Financial, Inc.
P.O. Box 43626
Birmingham, AL 35243
Phone: 205-967-4200
Email: Meld@meldfinancial.com
www.meldfinancial.com
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.11.1" background_layout="light" saved_tabs="all"]
Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.
Advisory services offered through Meld Financial, Inc.
Triad Advisors and Meld Financial are not affiliated.
[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.11.1" text_font_size="10px" module_class="fine-print-post-text"]This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
CITATIONS:1 - nbcnews.com/business/economy/price-rising-employment-slow-wage-growth-trade-risks-n897461 [8/3/18]2 - marketwatch.com/economy-politics/calendars/economic [8/3/18]3 - instituteforsupplymanagement.org/ISMReport/NonMfgROB.cfm [8/3/18]4 - foxbusiness.com/markets/stock-futures-cautiously-lower-ahead-of-july-jobs-report [8/3/18]5 - markets.wsj.com/us [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F3%2F17&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F2%2F13&x=0&y=0 [8/3/18]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F4%2F08&x=0&y=0 [8/3/18]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/3/18]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/3/18][/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
