Please take a moment to view our video: CCC Economic Update
The U.S. Department of Labor’s nonfarm payroll number increased by 244,000 jobs in April, with March’s number revised to 221,000. The number, which represents changes in the payrolls of service-producing, construction and manufacturing companies, exceeded consensus expectations of an addition of 185,000 jobs. It excludes jobs in the farming industry and indicates the amount of […]
There is an increased amount of speculation about inflation, as geopolitical tensions continue to build and disrupt the production and supply of oil. The increase in rhetoric is focused around both short- and long-term inflation: if inflation is present, is it transitory or is it settling in for the long haul? At times, it […]
As seen on the MarketWatch website: Commentary: Market typically recovers quickly from big drops CHAPEL HILL, N.C. (MarketWatch) — It rarely pays to sell into a panic. That’s worth keeping in mind today as panic grips global stock markets. Perhaps the closest recent domestic analogy to what Japan is going through right now is the […]
Scammers already are trying to profit off the tragedy and devastation that continues to unfold in the aftermath of Japan’s massive earthquake and tsunami.
Having just returned from a trip to South America that included visits to Machu Picchu, the Straights of Magellan, Cape Horn, Ushuaia, Argentina, and Rio De Janeiro, my wife and I though about how lucky we were to visit such exotic locales. In addition to the cultural exposure, we felt that we have a deeper […]
Our friends at SEI present an overview of their take on what’s in store for investors in 2011. Read Goobye 2010 Hello 2011.
Free money: In 2011 payroll taxes are going down b y 2%, so increase your contribution into your 401k plan by 2%!
NEW YORK (CNNMoney.com) — With the Senate’s passage Wednesday of Tax Hike Prevention Act of 2010, it now goes to the House for consideration and a vote. The bill contains a bevy of tax breaks — new and extended — and emergency help for the jobless. Its cost over 10 years is estimated at $858 […]
The Financial Planning Association of Massachusetts regularly host educational meetings for Certified Financial Planners. Recently, I attended a session that discussed the issues surrounding financial planning in divorce. Presented by Jeffrey H. Rattiner, CPA, CFP®, MBA, RFC, the information was valuable, enlightening, and a bit depressing. I hope you never need the advice, but I […]
It’s that time of year when those clients who qualify for Medicare need to analyze the best choices for their Supplement Plan. While one of our favorite “go-to” plans, First Freedom, will no longer be available, we have done thorough research into what we believe will be the best options in 2011. The plans we highlight are […]
Quantitative Easing II: Watching for Unintended Consequences By: James Solloway, CFA, Managing Director, Senior Portfolio Manager The Federal Reserve (Fed) announced a second round of quantitative easing (QE), aiming to buy $600 billion of U.S. government-issued bonds over the next eight months. The majority of the purchases are in the middle of the […]
October 28, 2010 Dear Clients and Friends of Compass, Last week at SEI’s corporate headquarters in Oaks PA, I heard Bill Miller, the Chairman and Chief Investment Officer of Legg Mason Capital Management (Legg Mason) present an optimistic market outlook (which I share) for the remainder of the year into 2011. I attended this adviser […]
Each quarter, our strategic partner, SEI, presents an analysis of market condition. This video includes investor-friendly language, and is broken down into three sections: What’s Happening in the Markets, Impact on SEI Strategies and What We’re Doing. View the video by clicking here.
Comparing Recessions: U.S. “Great Recession” vs. Japanese “Lost Decade” A spate of economic data during the summer months once again raised concerns that the U.S. economy is facing a “lost decade” like the one Japan experienced from 1991-2001, when Japanese economic growth practically flatlined in spite of extremely low interest rates. While we see […]
New rules coming as first changes from health reform kick in By Kristen Gerencher, MarketWatch SAN FRANCISCO (MarketWatch) — Parents who want to add their adult children to their health plans and people concerned they’ll burn through low annual limits on their health benefits if they get sick are about to get some relief as […]
By Robert Weisman, Globe Staff | September 28, 2010 Harvard Pilgrim Health Care has notified customers that it will drop its Medicare Advantage health insurance program at the end of the year, forcing 22,000 senior citizens in Massachusetts, New Hampshire, and Maine to seek alternative supplemental coverage. The decision by Wellesley-based Harvard Pilgrim, the state’s […]
The rate disput between Massachusetts Health Insurance carriers and the Department of Insurance that began on April 1st, is nearly settled. The resulting rate reductions are good news for our clients, but not so good for the carriers, as reported in this Boston Business Journal article.. While we can’t predict what rates will look like in […]
Ordinarily, it’s pretty quiet on Wall Street this time of the year, as many investment professionals take the opportunity to spend their summer vacations in the Hamptons. But this isn’t an ordinary year. Houses in the Hamptons can be rented by the month instead of by the season, and many of those houses are […]
Agreement on premium rates ends uncertainty and confusion for customers Boston—August 5, 2010—Blue Cross Blue Shield of Massachusetts (BCBSMA) has reached agreement with the Massachusetts Division of Insurance (DoI) on premium rates for small businesses and individuals purchasing or renewing their health insurance plans between April 1, 2010 and December 31, 2010. Under the agreement […]