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Christina Snyder

Market Commentary: April Jobs Report Disappoints, Falling Short of Expectations

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory The U.S. job market added only 266,000 jobs in April, missing expectations of nearly 1 million. March’s gain of more than 900,000 new jobs was revised down to 770,000. The data show the U.S. job market slowed rather than accelerated in April. The leisure and hospitality industry experienced the biggest gains, adding more than 331,000 jobs. Unemployment increased to 6.1% as more workers reentered the labor force and more people became fully vaccinated. The timelier initial jobless claims report fell below 500,000 for the first time since […]

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Market Commentary: GDP Surges After Stimulus, Fed Reiterates Low Interest Rates

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory U.S. GDP surged an annualized 6.4% in the first quarter (Figure 1). Two rounds of government stimulus helped the economy climb within 0.9% of its all-time high. If expected growth is included, the economy remains 3.7% below pre-COVID trends. Personal income jumped 21.1% from February as a second round of stimulus checks pushed money out to most Americans. Spending increased as well, but not as much as income. Personal consumption rose 4.2%, and services consumption, hindered by COVID concerns, rose only 2.2%. Key Points for the Week […]

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Quarterly Market Outlook – Q2 2021

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory  As we enter the second quarter of 2021, we’re seeing changes in society and the economy. People are receiving vaccines, spending stimulus checks and more businesses are increasingly optimistic. How will these events and policy changes impact your planning? Learn more from Scott Kubie, Carson’s Senior Investment Strategist, as he dives into these topics in our on-demand webinar: The impact of the COVID-19 vaccine on economic growth Additional pandemic aid and the Biden administration Individual stock trading and the short squeeze The economic outlook for the rest […]

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Market Commentary: Initial Jobless Claims at the Lowest in a Year, Retail Sales Surged

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory  The U.S. economy seems to be returning to firmer footing based on economic data released last week. Initial jobless claims fell to 576,000 and are the lowest they have been since mid-March 2020. The number of people receiving some form of government jobless support dropped from 18.2 million to 16.9 million, based on data from three weeks ago. Key Points for the Week  The recovery continues, with employment showing improvement. Initial jobless claims fell below 600,000 for the first time since mid-March 2020. The Consumer Price Index […]

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Getting the Most Out of Your Retirement Savings

Retirement-Savings-Webinar-SOCIAL (1)

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory  When you’re planning a vacation, you spend time thinking about how you’re going to get there – whether that be by car, plane, train or boat. It depends on your preference, your budget, your destination and your specific goals for the trip. Getting to retirement can be a wild ride. Like planning a vacation, there are many retirement savings vehicles – and having an understanding of each one is important to get you where you want to go. Watch the on-demand webinar to learn how to get […]

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Market Commentary: Personal Income Fell in February, Stimulus Clouds Underlying Economic Health

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory Slow improvement in economic data is being masked by the surging nature of government support. The gush of personal income growth in January was followed by a 7.1% decline in February. March will likely surge again with the latest round of stimulus. Employee compensation, which excludes government payments, was flat last month and has increased 0.2% over the last year. Key Points for the Week Personal income shrank 7.1% in February after a January surge due to government stimulus. Core inflation increased only 0.1% last month and […]

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Retirement Planning For Elders

Published by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory If you have successfully planned, saved, and prepared throughout your career to ready yourself for retirement, then you have done well. Setting yourself up for success was wise, and you should feel great about yourself! Whether you are in retirement already or will be soon, the last thing you want to do is become careless with the stockpile you’ve worked so hard to gather over the years. It is more important than ever to be diligent and to carefully continue to plan for success as you navigate […]

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Market Commentary: Monthly Job Growth Exceeds Expectations, New Stimulus Bill Advances

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory The U.S. economy returned to rapid job growth last month as fewer new COVID cases and loosening restrictions increased demand for labor. Restaurants and bars accounted for more than half the net gains, as employment in this hard-hit sector increased 286,000. Despite efforts to reopen schools, government employment dropped last month. Key Points for the Week The U.S. economy created 379,000 jobs last month as the vaccine rollout and decisions to ease restrictions improved demand for labor. U.S. manufacturing increased for the ninth straight month and reached […]

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Healthcare And Retirement Planning

Published by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory  When thinking about retirement planning, it is easy to get lost in investment math. Percentages, rates, yields, earnings, and returns are words you hear again and again until they lose all meaning. Too often there is one variable that gets overlooked in the planning, and that is healthcare. Healthcare in retirement has the potential to be a devastating influence on your 401(k), and if you aren’t prepared when a health difficulty comes your way, then you could be in for serious financial difficulty. What Health Costs Affect […]

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10 Tax Planning Tips Your CPA Might Have Missed

Contributed by: Christina Hester Snyder, Associate Partner and Wealth Advisor, Jacob William Advisory  CPAs and the on-line preparation programs you might use specialize in tax preparing — not tax planning. Tax planning takes into account the larger picture of your investments, assets, estate strategy and other parts of life to protect your finances over decades, not just hope to do better than last year. From your personal healthcare and retirement plans to working within changes to the tax code, you’ll find tax planning opportunities that are easy to miss, but could save you thousands. Our resource “10 Tax Planning Tips […]

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