from FREEDMAN FINANCIAL | July 15, 2016

Stock Market at Record Highs

History says if the Dow and S&P hit record highs, stocks will get another lease on life.

Yesterday, the Dow Jones Industrial Average and the S&P 500 closed at another all-time high. Following last month's panic over the Brexit vote, this is a new spark of life for the current Bull Market which is in its seventh year. Remember this all started in March of 2009.

The news is quick to jump on "the sky is falling" headlines. Just reading the headlines everyday will make your head spin and could cause you some anxiety. After the Brexit vote, the markets dropped and "they" were quick to say the Bear Market had arrived, now this week we've hit record highs day after day. How do you to know what will happen next? You won't. What happens next is impossible to predict. It looks like this Bull market will run strong through at least year end on good earnings and job reports. Typically a bear markets starts with shrinking economic activity and this week's reports don't indicate that in the imminent future.

Get Through Customs Faster

Now there is an app to help you speed up the customs procedure.

The airport has become a sea of burdensome activities, the check in process, TSA security and then add a trip through customs and you've scored a trifecta of annoyance! But now the US Customs procedure has just gotten a little easier with a FREE app.

The Mobile Passport App is not a replacement for your traditional passport, it's more like a "Disney Fastpass". It has been used more than 380,000 times by travelers since its launch in 2014 at 13 US airports. Customs is hoping to add another seven airports to the list by year-end, click here for list of airports you can use the Mobile Passport app. Save yourself some time and aggravation during your next trip through customs and download the app for you and your family.

Mobile Passport

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Underestimating Long Term Care Costs

Americans are drastically underestimating to cost of long term care.

According to a 2016 Genworth study, the average American underestimates the cost of in-home care by nearly 50%. With in- home care as the most popular type of long term care being used by older Americans it important to realize the monthly cost averages about $3,900.

Why are we miscalculating? For most, the first time people give 'serious' thoughts to the costs is when they need them. With no previous experience it's easy to come up short in the calculation. Most don't consider how many of in-home hours of care will be required - and they can add up fast. All these factors cause a great discrepancy in our perception of the cost and the actual cost of care as we get older.

Long Term Care Costs

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