Frazier Allen, WMS, CRPS, Financial Advisor with F&M Bank
Frazier Allen's Articles:
Clarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, as expected.
In its policy statement, the FOMC noted that “the pace of improvement in the labor market has slowed while growth in economic activity appears to have picked up.” At the same time, “growth in household spending has strengthened” and “the drag from net exports appears to have lessened.”
The dots in the dot plot drifted a bit lower (that is, expectations of future rate increases become even more gradual).
Clarksville, TN – The sharing economy – made up of peer-to-peer, access-driven businesses – is growing up quickly.
Just seven years ago, Airbnb began an online platform connecting people with extra space with travelers looking for a room; now it’s a juggernaut recently valued at $25 billion with an average of 425,000 guests per night, 22% more than Hilton Worldwide.
Clarksville, TN – Timing is everything when it comes to taking the right steps toward a secure financial future. For recent grads new to the workforce, it’s not always clear what those first steps should be. Most college graduates enter the real world as financial planning rookies. This can be daunting, as your 20s are an important time to lay a foundation for financial stability.
Making smart decisions at this age can have a powerful positive impact on your fiscal future. As the next generation enters the working world, here are 10 tips to get them started on a bright financial future.
Clarksville, TN – These five topics cover distinct financial-management issues and caregiving plans. Ideally, you will have these conversations with your loved one and that person’s financial advisor in the mild decline stage of Alzheimer’s, or even before the diagnosis.
If the disease has progressed beyond this period, you—or the designated power of attorney—may need to have these discussions solely with the advisor. It is important for you and the advisor to understand the source and destination of your loved one’s finances so you can help when the individual may no longer be able to communicate his or her wishes.
Clarksville, TN – Fed Chair Janet Yellen said she was “cautiously optimistic” in her speech on the economy and monetary policy. She expects that further gradual increases in the federal funds target rate will be warranted, but she also stressed a number of near-term uncertainties.
This week, the mid-month economic data releases will be important, especially Tuesday’s retail sales figures, but the focus will be on the Fed.
Clarksville, TN – If you suspect a loved one is experiencing cognitive decline, it’s critical to discuss financial, legal and caregiving plans immediately.
Denial is one serious challenge families often face with Alzheimer’s. Due to the progressive nature of the disease, people with Alzheimer’s and other forms of dementia have a limited window in which they will be able to articulate their wishes for future care, living arrangements, finances, and legal matters.
For this reason, it’s important for families to discuss their concerns and work through this denial phase in the mild stage of cognitive decline.
Clarksville, TN – Early detection of Alzheimer’s disease and other dementias is vital to helping protect the financial future of those affected and their families.
Research shows declining financial skills are among the first symptoms to appear in people with Alzheimer’s, the most common form of dementia. More than 5 million Americans — including 1 in 9 people over age 65 — are living with Alzheimer’s and someone in the U.S. develops the disease every 67 seconds (source: The Alzheimer’s Association®).
Clarksville, TN – It’s important to be aware of caregiver burnout. You cannot provide effective care if you neglect your own physical and mental well-being.
Caring for a loved one with dementia can take a physical and emotional toll. As demands grow, caregivers often report feelings of sadness, stress, guilt, anger, isolation, and depression. The Alzheimer’s Association® has prepared a list of ten signs of caregiver stress. A strained caregiver is unlikely to provide quality care to a friend or loved one with dementia.
Clarksville, TN – With the help of multigenerational vacations, two or three generations of a family – perhaps those spread across the country in today’s mobile society – have a chance to develop special bonds as they share traveling experiences.
A 2014 poll by the American Automobile Association found that 36% of American families planned holiday trips involving at least three generations in 2015, up 4% from the previous year. Also, a network of high-end travel agencies last year named mutigenerational travel the industry’s leading trend for the fourth year running.
Clarksville, TN – The economic data reports were mixed, but mostly on the soft side of expectations. The ISM Manufacturing Index surprised (modestly) to the upside, boosted by a lengthening in supplier delivery times (anecdotally, many firms had trimmed inventories in anticipation of softer demand, but sales surprised and they are now scrambling a bit to restock).
The Conference Board’s Consumer Confidence Index slid. Unit auto sales were strong, but were supported by an increase in fleet sales (rental cars, etc.). The ADP estimate of private-sector payrolls was moderate strong, with continued hiring at small and medium-sized firms.
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