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Weekly Economic Update
July 24, 2017
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The Markets (as of market close July 21, 2017)
Favorable corporate earnings reports helped boost the stock market last week. Low inflation may be influencing investors to move away from Treasuries, as yields fell sharply last week. A midweek push in oil prices wasn’t enough to keep them from closing the week below $46 per barrel.
Last Week’s Economic Headlines
- Fluctuations in import and export prices provide a useful gauge of inflationary trends both domestically and abroad showing that price growth has stagnated during the second quarter of the year.
- The beginning of summer has seen new residential construction gain momentum following a lackluster spring.
- In the week ended July 15, the advance figure for seasonally adjusted initial claims for unemployment insurance decreased slightly from the previous week’s revised level.
BWFA Eye on the Week Ahead
The FOMC meets this week; however it is not expected that the Committee will increase interest rates at this meeting. The FOMC next meets at the end of September. The latest economic information on the second-quarter GDP is released at the end of this week. According to the first report for the second quarter, the economy slowed compared to the first quarter – advancing at a rate of 1.4%. Reports for new and existing home sales for June are also available this week. Existing home sales climbed 1.1% in May, while new home sales advanced 2.9%.
Have a great week and enjoy these summer days!
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Selecting your State of Residence in Retirement
Tuesday, July 25, 2017
6:00 PM – 7:30 PM
Dinner will be provided
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**SOLD OUT**
If you would like to be put on the wait list, please email Eve Kennedy at ekennedy@bwfa.com
Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Baltimore Washington Financial Advisors invites you to a discussion on:
- What state is best?
- How much will it cost to stay in Maryland?
- How to decide where you will retire
- Should you purchase or rent?
- Healthcare costs by state
- Differences in state and local income taxes
- Estate planning and estate taxes by state
- Property and sales tax by state
- Cost of living by state
Come join us as we discuss these issues and more!
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The Power of One, The Strength of Many!
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Charitable Giving & Philanthropy, Endowments, and Foundations
Thursday, July 27, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Only 16 Seats Available!
Presented by:
Managing Director,
Wealth Management
Beverly White-Seals
President & CEO
CFHC
H. Dean Bouland
Managing Partner
Bouland & Brush
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Baltimore-Washington Financial Advisors, Bouland & Brush, LLC, and the Community Foundation of Howard County inviteyou to a discussion on charitable giving and philanthropy.
Topics to include:
- Donor-Advised Funds (DAFs)
- Charitable Remainder Trusts
- Private Foundations
- Gifting Complex Assets
Come join us as we discuss these issues and more!
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Making the Most of Medicare
Tuesday, August 1, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Only 9 Seats Available!
Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Baltimore-Washington Financial Advisors invites you to an informative discussion on the relevant details of Medicare.
Topics to include:
- How to enroll
- What are the costs?
- How to choose the right plan
- Where to find additional resources
- How to “shop smart” for Medicare
Come join us as we discuss these issues and more!
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Thursday, August 3, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Only 15 Seats Available!
Presented by:
Managing Director,
Wealth Management
Steve Elville, Esq.
Principal
Elville and Associates
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Baltimore-Washington Financial Advisors and Elville and Associates invite you to an interactive workshop on Corporate Trust Services.
Topics to include:
- What is a personal trust?
- What are some reasons to consider appointing a corporate trustee?
- Why should you be concerned about “successor trustee risk?”
Come join us as we discuss these issues and more!
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What You Need to Know About Retirement –
Before You Retire
Tuesday, August 15, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Only 2 Seats Left!
Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Baltimore-Washington Financial Advisors invites you to attend a symposium on implementing and adopting strategies for a successful retirement.
Topics to include:
- Avoiding the common mistakes
- Have you saved enough?
- Creating a vision – where will you live, what will you be doing, who will you live near?
- Evaluating your retirement savings
- Social Security
- Healthcare options/choices
- Creating a retirement paycheck
- Tax implications
- Asset Allocation Strategies for retirement
Come join us as we discuss these issues and more!
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In 2015 $15 Billion was stolen from 13.1 Million U.S. Consumers. What will Identity Theft cost you?
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Identity Theft: Are You Protecting Your Most Valuable Asset?
Thursday, August 17, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Only 17 Seats Available!
Presented by:
Managing Director,
Wealth Management
Ananta Hejeebu
Partner
Howard Tech Advisors
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Baltimore-Washington Financial Advisors invites you to a discussion on identity theft.
Topics to include:
- What is identity theft?
- What are the risks?
- How does identity theft happen?
- What to do if your identity has been stolen
- How to be proactive to prevent identity theft?
Come join us as we discuss these issues and more!
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Selecting an Assisted Living Facility/Community with Elville and Associates
Tuesday, August 22, 2017
11:45 AM – 1:00 PM
Lunch will be provided
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Only 16 Seats Available!
Presented by:
Managing Director,
Wealth Management
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Baltimore-Washington Financial Advisors invites you to this interactive workshop on “Selecting an Assisted Living Facility/Community.”
Topics to include:
- Broad overview of assisted living options
- Challenges associated with downsizing
- Cost, amenities, financial stability and quality of care
- Reputation, residents rights, estate planning consideration
- Long-term care skilled nursing concerns
- Estate planning considerations
Come join us as we discuss these issues and more!
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Selecting your State of Residence in Retirement
Tuesday, August 29, 2017
6:00 PM – 7:30 PM
Dinner will be provided
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**SOLD OUT**
If you would like to be put on the wait list, please email Eve Kennedy at ekennedy@bwfa.com
Presented by:
Managing Director,
Wealth Management
Thad Ismart,
CFP®
Senior Financial Planner
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Baltimore Washington Financial Advisors invites you to a discussion on:
- What state is best?
- How much will it cost to stay in Maryland?
- How to decide where you will retire
- Should you purchase or rent?
- Healthcare costs by state
- Differences in state and local income taxes
- Estate planning and estate taxes by state
- Property and sales tax by state
- Cost of living by state
Come join us as we discuss these issues and more!
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