AIER’s research brief on retirement planning strategies continues to gather media attention as it was recently featured by a prominent financial advisers’ organization, as well as a business radio station. On Friday, the author of the report, AIER Research Fellow Luke Delorme, was featured on Wharton Business Radio, the Sirius/XM station run by the University of Pennsylvania business school. And the brief was also highlighted in the February edition of the journal of the American Association of Individual Investors. The report has already been noted by CNBC and the Today Show web sites, The Aspen Institute, Forbes and Bloomberg.
READ MOREThe February employment report, released by the Labor Department this morning, was broadly strong, showing the economy added 295,000 jobs in February, helping to push the unemployment rate down to 5.5 percent. Other broader measures of unemployment rates fell as well. However, the participation rate also ticked down in February.
READ MOREBill Bengen’s 1994 research that established the 4 percent rule was seeking the maximum constant dollar withdrawal that would have lasted for any historical 30-year period. But is 30 years the right planning horizon for you? If not, how should you adjust the guideline?
READ MOREIt is breathtaking to read about Federal Reserve Chairwoman Janet Yellen berating Wall Street banks, as reported by Victoria McGrane in today’s Wall Street Journal, “to follow the law and to operate in an ethical manner.” Ms. Yellen’s speech to the Citizens Budget Commission in New York City is an apparent reference to the various probes of banks’ misdeeds around interest-rate manipulation, tax avoidance and other unnamed sins.
READ MOREThe Federal Reserve Bank of Philadelphia yesterday named Patrick Harker as its new president. What’s interesting about this appointment is Harker’s background: Unlike most reserve bank presidents, Harker does not hold a doctorate in economics, nor has he worked inside the Fed system, although he has served on the Philly Fed board for the last three years.
READ MOREThere’s more data out this morning showing subdued inflationary pressures. The Commerce Department reported today that the price index for personal consumption expenditures increased at an annual rate of 0.2 percent in January. The Federal Reserve has set a target of 2 percent annual inflation, so this is far below that target.
READ MOREDespite an economy that may have entered a soft patch, Americans are still beating a path to their health clubs, acupuncturists and spas.
READ MOREThere’s a little more evidence this morning that the economic expansion is in a soft patch, as the Consumer Price Index fell 7/10ths of a point in data released this morning by the Department of Labor. But to really understand what’s going on, you need to look below the headline.
READ MOREWriting in the Huffington Post, AIER President Stephen Adams applauds Intel’s efforts to increase the number of women and minorities in its workforce.
READ MOREFederal Reserve Chairwoman Janet Yellen was in front of the Senate Banking Committee this morning, as she continued to show patience about raising interest rates. She noted the recent economic growth, and said there was still plenty of room for improvement.
READ MOREThe strengthening U.S. dollar is a double-edged sword for the economy and investors, and in our new report released today, you can see how it affects everything from prices at the store – and the pump — to jobs and inflation.
READ MOREAIER Research Fellow Luke Delorme was featured on Friday in a CNBC.com article on retirement planning. Luke had also received favorable press coverage for his January report on rethinking retirement guidelines, including mentions by The Aspen Institute, Forbes and Bloomberg.
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