Echelon Family Office
We spend years of our life working and saving for that retirement dream, and as you get closer, it’s important to take all steps to preserve your nest egg. Perhaps a move across state lines will help in that endeavor. Some states don’t tax Social Security or pension income but could have very different property and sales […]
Cryptocurrency is a form of digital payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange […]
Another encouraging sign for the recovering economy: Retail sales rose 17.7 percent in May from the previous month, setting a new record. The gain easily topped the previous record of 6.7 percent from October 2001 — a month after the 9/11 terrorist attacks. Clothing and accessories stores reported the biggest percentage gain at 188 percent. […]
Here’s a sign of how much of our lives we spend online these days: Nasdaq announced on Friday that DocuSign, the electronic signature software company, would be joining its Nasdaq 100 index. What would it be replacing? The venerable but currently beleaguered United Airlines. DocuSign just debuted on the Nasdaq back in 2018. It will […]
The Bureau of Labor Statistics says the consumer price index fell 0.1 percent in May, driven by deep discounting on energy, car insurance, clothing and public-transportation prices. The so-called core rate of inflation, which strips out volatile food and energy prices, also fell 0.1 percent But those volatile categories have been rising. Prices for food […]
After its meeting yesterday, the Federal Reserve said it will be years before it raises interest rates again. The Fed now doesn’t expect to lift its benchmark interest rate until 2023. Its Fed funds rate has been in a range of 0-0.25 percent since mid-March, when the economy went into lockdown. Along with the rate […]
The Nasdaq Composite rose 0.29 percent yesterday to finish the day at a new record close of 9,953.75, after briefly breaking above 10,000 earlier in the day. Tech stocks led the way, which is why the Dow Jones was losing ground even as the Nasdaq was setting records. The biggest tech stocks led the rally: […]
The Social Security Administration (SSA) recently announced that the annual cost-of-living adjustment (COLA) for benefits would be 1.3%. Here’s a closer look at some of the most significant changes affecting Social Security recipients in 2021. Social Security checks will increase slightly. For the average retired worker, the monthly Social Security benefit will rise by $20 to $1,543 in […]
Financial Literacy Month suggests it’s time to take advantage of available tools, resources, and tips for financial education that can help increase your financial success. This month put yourself back in the driver’s seat! Do a thorough review of your bills, and you might find hidden fees that are pecking away at your hard-earned nest […]