“The somewhat slower pace of jobs growth in January is consistent with the slowdown in the economy’s growth in the fourth quarter of 2015,” Polina Vlasenko, a senior research fellow at the American Institute for Economic Research, said in an email. U.S. economic growth fell to 0.7 percent, below the consensus estimate of 0.8 percent.
This is why, even with the changes, Luke Delorme, a research fellow with the American Institute for Economic Research (AIER), says “Delaying Social Security benefits until age 70 in order to receive delayed retirement credits is still one of the best deals around.”
There is one core tenet to my investment philosophy: Focus on important factors that you can control, and let go of the ones you can’t.
In the exhibit above, these are the factors in the upper right hand corner of the chart and include:
Get real about your retirement income. If you don’t already have an estimate for how much money you’ll need in retirement, now is the time to do the math. Many people may be surprised to learn how little income their savings will offer to them in retirement, says Luke Delorme, a research fellow at the American Institute for Economic Research. Sit down withRead More
“Normally, raising interest rates is a form of a contractionary monetary policy, meaning that the central bank believes the economy is overheated or strong enough, so that higher rates are necessary to prevent future excessive inflation. But this is not the case today. Inflation has been stubbornly low in the past few years, which is a big concern for the Fed. The FOMC todayRead More