The best thing about Wells Fargo’s midyear market outlook may be what it forecasts won’t happen rather than what will. For example, it doesn’t expect a recession in the next 12 months, which is supportive for financial markets, but it does expect the S&P 500 index to end the year below current levels — 4% to 8% lower — and short-term and long-term interest rates to finish higher.
As many of you know, the devil is in the details when it comes to Social Security. There are many rules to follow — and changes to those rules — in order to maximize benefits. With that in mind, here are some fundamental points that you should know, courtesy of a webinar with former Social Security Administration Director Kurt Czarnowski, presented by the Retirement Experts Network.
A long, long time ago, in a world unknown, there were two browsers that ruled internet surfing: Netscape and Internet Explorer; and search engines such as Alta Vista and Excite. They were the kings of Internet browsing.
Then more browsers came along: Safari, Firefox, and then Chrome. And with them more search engines. You might have heard of Google. And Bing. And Yahoo is still with us.
Google is by far the best search engine we have seen yet, but it would have been very easy to think, “Alta Vista and Excite and Yahoo are already out there, how am I going to compete with them?” And the same reasoning could be applied to building a new browser, but the architects of Firefox and Chrome didn’t let the fact that there were already successful browsers out there stop them.
A comfortable retirement. A new car. A down payment on a house. Paying for a child’s college education. Coming up with a list of future financial goals is generally pretty easy. The bigger challenge is figuring out how you’re going to save for them all. For most of us, socking a few extra dollars away in a savings account each month may be a good start, but it’s probably not enough, especially if we’re talking about multiple goals. The trick is to think strategically about your goals and come up with a saving and investment plan for each one. A little effort today can help make a big difference down the road.