 Headlines
- Powerful Typhoon Hits Tokyo, Snarling Transportation in Japan
- Flood Damage Grows in Louisiana
- Long Island Expressway Crash Kills Five
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Getting Divorced? A Checklist for a Financially Sound Separation
Managing the financial aspects of a divorce may be just as important as coping with the emotions. This checklist can help you transition from "ours" to "mine" and "yours."
Day-to-day transactions and financial accounts
- Divide all bank account balances as called for in the divorce agreement.
- Cancel joint checking, savings and revolving credit accounts, such as credit cards.
- Establish individual accounts in your name for ATMs, checking, savings and credit cards.
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The Markets
Solid economic growth expected
Last week, Wall Street was speculating about monetary policy with the
enthusiasm of commentators trying to predict who will bring home Olympic gold.
The Federal Open Market Committee (FOMC) is expected to introduce another rate hike before the end of 2016, according to the BBC, and it has just three opportunities to deliver the goods - during its September, November, or December meetings. Analysts and pundits parsed minutes from July's FOMC meeting looking for clues about timing and found relatively few because there was no consensus view at the July meeting.
More 'Market Commentary' here.
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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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