Headlines
-
Panama Inaugurates Expanded Canal
-
EU Pushes Broader Security Cooperation
-
California's Wildfire Fueled by Dead Trees
|
Financial Planning for Unmarried Domestic Partners
How times have changed. Only 26% of American households are composed of married couples with dependent children, according to the latest U.S. Census. That number has dropped significantly: In 1970, 40% of households fit in that category. Meanwhile, over the past 40 years, the number of unmarried couple households has increased by a factor of four, to over 6% of the population; there are currently about 7.5 million such households in the United States. Financial advisors may wish to educate themselves regarding the unique financial needs of unmarried couples -- a group that may already represent a growing number of your clients.
Read more on Financial Planning for Domestic Partners.
|
The Markets
Surprise! Britain is leaving the European Union (EU) after 40 years of membership.
Last Thursday, almost three-fourths of voters in Britain - about 30 million people, according to the BBC - cast ballots to determine whether the United Kingdom would remain in the EU. By a slim margin, the British people opted out.
Early Friday, Reuters reported on the immediate and potential repercussions of the decision:
"Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War II to the European project of forging greater unity. Global financial markets plunged on Friday...
|
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.)
|