Weekly Market Recap This week, US economic growth came in at 2.9% year-on-year for Q3 of 2016 as initially estimated by the Bureau of Economic Analysis. If this estimate holds, it would be the highest rate of US quarterly GDP (Gross Domestic Product) growth in 2 years. Separately, surveys of purchasing managers suggested a positive outlook for manufacturing in the US and Europe for October, with Germany notably strong. US house prices continued to rise, up 5.1% for the last 12 months on Case-Shiller data. US consumer confidence softened slightly. As you contemplate your retirement, it's worth taking note of how the nature of retirement has changed in recent decades. In the 1950's life expectancy in the US at birth was estimated at 68 years based on census data, and it's now over 78. Americans born today are, on average, expected to live roughly a decade longer than their grandparents. This increase is generally attributed to improvements in public health. As you might expect, this increase in life expectancy has extended the retirement years. The average retirement age has increased slightly in the US, but not to the same extent that life expectancy has, which means a longer retirement for most people. In addition, this trend may well continue as many experts see US life expectancy increasing further. This is why retirement saving is so important. It can give you quality of life and flexibility in your later years, especially because you will likely have a significantly longer retirement than prior generations. Disclaimer:
The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Summary | $9,552.38 * Your Total Assets | Ways To Improve Your Portfolio | 0 Accounts with Actions | Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps  |  | Action Required - keep your recommendations accurate | | Your financial institution requested additional authentication to keep your investment accounts synchronized to FutureAdvisor. Keeping your accounts synchronized allows FutureAdvisor to monitor and keep you up-to-date on your investments and recommendations. | | Please log in to fix this in your Financial Profile. | | Sign in to see your full dashboard | * All amounts are as of the sent date of this email | 
No comments:
Post a Comment