RSS Feed

Welcome and thank you for stopping by. Our blog sets the heading to separate financial fiction from financial fact to help keep you afloat and stay the course. From 401(k) IRA Rollovers to Life Insurance, Living Trusts, Social Security, Annuity Rates and everything in between, we are here to educate the community about important financial topics that affect your estate and retirement plans.

Women Need to Take Charge of Their Money

Why do so many of us delegate financial responsibilities to others? Many women are in charge of their financial lives, and proudly so. Some have become their own financial captains as a result of life events; others have always steered their own ships. Even so, there are too many women who are left out of financial decision making – some by their own choice. That may be a mistake. Allowing a spouse or partner to handle financial affairs may predispose a woman to a lack of money knowledge – an education deficit that may allow a couple to slip toward indebtedness one day, or prove economically crippling in the event of a divorce or death. Are you one of these women? If so, why do you think you

Weekly Economic Update for February 26, 2018

WEEKLY QUOTE “True knowledge exists in knowing that you know nothing.” - Socrates FEWER HOMES ARE SELLING Demand is high, prices are high, and inventory is slim. In view of these factors, the 4.8% year-over-year fall for existing home sales just reported by the National Association of Realtors is not surprising. It represents the largest annual decline seen since August 2014. Other January NAR data showed home buying down 3.2% from December levels and a median sale price of $240,500, up 5.8% in 12 months.1 FED MINUTES EMPHASIZE THE “GRADUAL” Minutes from the January Federal Open Market Committee meeting appeared Wednesday, and while FOMC members saw “substantial underlying economic momentum,

The Amazing History of Annuities (Infographic)

From ancient Rome to the Civil War, this financial tool has a long and interesting story. Learn where annuities came from and how they’ve evolved to meet today's changing retirement income needs.

Weekly Economic Update for February 19, 2018

WEEKLY QUOTE “Courage is resistance to fear, mastery of fear – not absence of fear.” - Mark Twain INFLATION SUDDENLY INTENSIFIES The Consumer Price Index rose 0.5% in January, its greatest month-over-month advance since January 2017. Core inflation (minus food and energy prices) increased 0.3%, marking the largest monthly gain in almost 13 years.1 RETAIL SALES PACE SLOWS Contradicting perceptions that the economy might be overheating, retail purchases fell 0.3% in January. Minus car buying, retail sales would have been unchanged for a second straight month, as a Department of Commerce revision rendered the previously announced December gain flat.2 DEVELOPERS BUILT MORE IN JANUARY Groundbreak

Cybercurrencies: A Risky Choice in 2018

This year, we have seen the downside of bitcoin & other altcoins. Bitcoin. Ethereum. Litecoin. Ripple. Ether. As 2017 ended, the prices of these cybercurrencies were soaring. In early 2018, they have plummeted. Opportunistic investors have been left to wonder: Are these digital currencies really the next big thing, or the scariest investment around? The answer to that question may vary per day, week, month, or year. These altcoins are classified as commodities, not currencies, by the Commodity Futures Trading Commission. Like all commodities, their value can quickly change.1 Since last spring, bitcoin has been on a wild ride. On May 1, 2017, a single bitcoin was worth $1,402.18. On December

Weekly Economic Update for February 12, 2018

WEEKLY QUOTE “Understanding human needs is half the job of meeting them.” - Adlai Stevenson WALL STREET SEES ITS FIRST CORRECTION SINCE 2016 On Friday, the S&P 500 settled at 2,619.55, down 5.16% for the week. Thursday, it entered correction territory just nine days after its January 26 record close. The Dow Jones Industrial Average made even bigger headlines last week by taking two 1,000-point drops within four days, the second occurring Thursday.1,2 Last Monday, U.S. equities took their largest single-session fall in more than six years as higher interest rates for bonds and inflation concerns strengthened selling pressure. To add to the anxiety, two of the financial industry’s top ‘roboad

How To Manage Student Loan Debt

A review of some options for federal and private loans. Are you dealing with student loan debt? Have you explored ways to try and restructure it or have it forgiven? No one wants to carry five figures of education debt into middle age or retirement, but some do. The burden is not just financial. Last fall, the Madison Capital Times asked student loan borrowers in the state of Wisconsin how they felt about their education debt. Sixteen percent said they were “terrified” of it, and another 30% indicated they felt only slightly less so. Fortunately, you may have possibilities to manage and reduce the debt load and the anxiety it breeds.1 For a better chance of refinancing a student loan, lift y

Weekly Economic Update for February 5, 2018

WEEKLY QUOTE “There are no speed limits on the road to excellence.” - David W. Johnson WAGE GROWTH PICKS UP AT LAST In January, average hourly pay was 2.9% higher than it was a year earlier. That was the key takeaway from the Department of Labor’s latest jobs report, which noted the addition of 200,000 net new workers last month. In January, the headline unemployment rate stayed at 4.1%; the broader U-6 rate, which counts the underemployed, ticked up to 8.2%.1 ISM: FACTORY SECTOR IN GREAT SHAPE The Institute for Supply Management released its January purchasing manager index for the manufacturing industry last week, and the reading of 59.1 surpassed the forecast, made by economists surveyed

Archive
Search By Categories
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • LinkedIn Social Icon
Recent Posts
Featured Posts

You’ve probably been planning for retirement in some way, shape, or form for many years. Maybe you participate in your company’s 401(k) plan or set aside money in a traditional or Roth IRA. Maybe your employer offers a pension plan. As you get closer to retirement, it’s important to plan for your retirement income in specific detail.

Download our complimentary guide today!

 

LOOK NO FURTHER. LET'S GET STARTED TODAY.

The future depends on the actions you take today. Contact us now.

We want to hear from you and encourage you to keep in touch! The Trust Group Financial Services proudly serves clients in our office and for your convenience at your residence. Choose the best option for you and let’s open the door to conversation and a lasting relationship. 

The Trust Group Financial Services, LLC.

Like our Facebook page and get the latest updates from The Trust Group Financial Services.

Hours

Schedule an Appointment Online >>

Monday - Friday: 9am - 5pm

Saturday: By Appointment

Sunday: Closed

Copyright © 2019 | The Trust Group Financial Services | All Rights Reserved

Privacy Policy

Thank you to our wonderful clients!

JAMESS SPICUZZA | THE TRUST GROUP FINANCIAL SERVICES | FLORIDA DEPARTMENT OF FINANCIAL SERVICES