Your Local Resource for Expert Financial Guidance and Support Weekly Economic Update: September 18, 2023 Falling bond yields–Stocks ended the week roughly where they began as investors digested a mixed set of new economic data.
The Dow
Jones Industrial Average gained 0.12%, while the Standard & Poor’s 500 slipped 0.16%. The Nasdaq Composite index fell 0.39% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, added 1.23%
Stocks Struggle For Direction
Stocks traded around
the flatline without any catalyst in either direction. On Thursday, investors welcomed the European Central Bank, signaling its rate-hiking campaign may be nearing its conclusion and a successful IPO that revived optimism in the capital markets. Investors also cheered a stronger-than-forecast retail sales report and a modest increase in core producer prices, overlooking a higher-than-expected headline number. Should I delay Social Security? If your career and health permit, delaying Social Security can be a wise move. If you wait until full retirement age to claim your benefits, you could receive larger Social Security payments as a result. For every year you wait to claim Social
Security past your full retirement age up until age 70, your monthly payments get about 8% larger. Careful planning is a core part of preparing for retirement and it's never too early –or too late–to start. Whether you're just starting to invest for retirement, or looking for ways to optimize
your savings, a thoughtful approach can help you achieve your investment goals. We can help you design a plan, set goals, and stick to it. Contact us with your social security or retirement questions. Great Colorado Payback helps you cash in on unclaimed property The state is holding on to $1.5 billion in cash, and some of it could be your money. The Great Colorado Payback program began in 1987 and is designed to return lost or missing property to their rightful owners. Unclaimed property can include things like tax rebates, lost paychecks,
dividends, utility refunds, insurance checks, and more. One Colorado man was reunited with his collectable baseball cards after he put them in a safe deposit box in Crested Butte in 1998. Even businesses lose track of property and payments, occasionally resulting in unclaimed property which can be claimed. Corporations, schools, hospitals, and small businesses are also listed among the many individuals whose assets are in
the possession of the State. This property is held in perpetuity, so it's never too late to look for anything you might be missing. "People lose property all the time, so we are here to validate the program and let folks know that it is legitimate," said a Colorado official. "You'll want to look if you've
lived here if you've ever done business here... and don't just look for yourself, look for family and friends as well." Check for unclaimed property in your name by visiting colorado.findyourunclaimedproperty.com and click the "get started" button. Sustainable Financial Planning Social Hour: Oct 19 Sustainable Financial Planning is designed to help you reach your financial goals while feeling good about your investments. The focus is on financial decisions that take into account the environmental, social, and governance (ESG) factors. ESG investing is a way of investing
sustainably—where investments are made with consideration of the environment and human wellbeing, as well as the economy. You don’t have to give up positive returns to invest for a positive impact. The use of your money is a vote — who you buy from, who you invest in, who you work for — can be a force for positive change. Please join us for a conversation, over appetizers and drinks, about financial planning and sustainable investing. Do you know someone who would be interested, please share this with them, or bring them with you! - Where: Capstone Office: 615 N Nevada Ave., Colorado Springs, CO
- When: Thursday, October 19, 6:30 -8:00 PM
- Appetizers and drinks
provided
- Pre-Registration is required. Register Now
Capstone built our reputation on friendly service, impeccable honesty, and respect for every client. Our clients’ needs drive our relationship, and the focus is always on
you. We strive to be highly responsive to your requests and are skilled at creating solutions customized to your goals, values, and situation. Reach out anytime with questions. We're happy to help! |
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