Headlines
- U.S. Expanding Military Role in Syria to Stem Influence of ISIS
- Germany Gets Low Air-Safety Ranking
- Saudi Arabia Approves Economic Reform Program
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Pre-retirees Blindsided by Impact of Taxes on Retirement Income
Recent research focused on examining how individuals plan for and manage living expenses before and during retirement found that more than half of pre-retirees underestimate or don't even consider the effect that taxes may have on their income flow in retirement
Specifically, when pre-retirees were asked what they thought their top expenses would be in retirement most said "home/mortgage," "healthcare," and "travel/leisure" in that order. Yet when the same question was asked of retired respondents, the top three responses were "home/mortgage," "taxes," and "travel/leisure."
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The Markets
U.S. stock markets finished last week in heady territory.
The Dow Jones Industrial Average closed at 18,003. Its all-time closing high is 18,312. The Standard & Poor's 500 Index was less than 1 percent below its intraday trading record, which was set last year.
Despite strong stock market performance, optimism was in short supply.
Barron's latest Big Money poll showed money managers are less bullish than they were last fall. Just 38 percent were bullish or very bullish about the prospects for stocks in coming months, 46 percent were neutral, and 16 percent were bearish. Their outlook varied by market.
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By the Numbers
Notes: S&P 500, Gold, DJ-UBS Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized ... more important disclosure mentions found here. (We urge you to read the entire disclosure statement.)
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