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Posts Tagged ‘Financial advisor’

The Ricks Report – February 12, 2018

The Ricks Report February 12, 2018   NUMBERS OF $IGNIFICANCE $ YOU DO THE MATH – The 4.1% unemployment rate for January 2018 that was reported by the government on 2/02/18 is based upon a survey of just 60,000 households that was completed during the week of 1/08/18.  The employment status of the individuals in…

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The Ricks Report – January 29, 2018

The Ricks Report January 29, 2018   NUMBERS OF $IGNIFICANCE $ BOTH ARE AT FAULT – The national debt increased +86% during George W. Bush’s 8 years as president, reaching $10.6 trillion as of 1/20/09.  The national debt increased +88% during Barack Obama’s 8 years as president, reaching $19.9 trillion as of 1/20/17 (source: Treasury…

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The Ricks Report – January 8, 2018

The Ricks Report January 8, 2018   NUMBERS OF $IGNIFICANCE $  NOT EXACTLY – USA Today writer Kelly Kennedy predicted in a 5/22/13 article that “market forces and an impetus to attract younger, healthier people into the insurance market will help keep health insurance premiums lower as the Affordable Care Act takes effect on 1/01/14”…

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The Ricks Report – December 4, 2017

The Ricks Report December 4, 2017   NUMBERS OF $IGNIFICANCE $   BACK TO BOOM LEVELS – The median sales price of existing homes sold nationally in October 2017 is 108% of the median sales price of existing homes sold nationally in June 2007, the latter date being the peak of the real estate boom.  Sale…

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RMD Quiz – How Well Do You Know the Rules?

  If you have an IRA, you should realize that what goes in must come out. In other words, your tax deferral will not last forever. Eventually, Uncle Sam will want his share. When you reach retirement age, required minimum distributions (RMDs) will kick in. Are you prepared? Take our RMD quiz and see how…

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The Ricks Report – November 27, 2017

The Ricks Report November 27, 2017   NUMBERS OF $IGNIFICANCE $  STILL THE AMERICAN DREAM? – The national homeownership rate in the USA as of 9/30/17 was 63.9%, down from a peak of 69.2% as of 12/31/04.  Every 1 percentage point reduction in the home-ownership rate represents 1.2 million households that have changed from homeowner…

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The Ricks Report – October 23, 2017

The Ricks Report October 23, 2017 Numbers of $ignificance • INCREASING EQUITY – The average loan-to-value ratio in the US housing market as of 6/30/08 was 55%, i.e., the average home mortgage had 45% of equity behind it. The average loan-to-value ratio in the US housing market as of 6/30/17 was 42%, i.e., the average…

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The Ricks Report – October 16, 2017

The Ricks Report October 16, 2017 Numbers of $ignificance EXPANDING ECONOMY – The US economy has been growing for the last 99 months (i.e., no recession), an expansion exceeded in length only 2 times since 1900 (source: National Bureau of Economic Research). DECADES PASS WITH FEWER REFINERIES – The United States has 141 operable oil…

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The Ricks Report – October 9, 2017

The Ricks Report October 9, 2017 Numbers of $ignificance LARGEST IN THE WORLD– The US economy is $19.25 trillion in size as of 6/30/17. 10 years ago (2007), the economy was worth $14.48 trillion.  20 years ago (1997), it was worth $8.61 trillion. 30 years ago (1987), it was worth $4.87 trillion (source: Commerce Department).…

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