Mid-Year Check In
Posted by Robert Harsha on Fri, 08/02/2019 - 12:23
We’ve headed into the final “stretch run” of summer. School will start soon, and most families will find themselves back in the routine that comes with fall. I’m not in favor of speeding up time, it seems to fly by, but now is a good time to review your retirement plan contributions to make adjustments for the rest of 2019.
3 Things I’m Watching in 2019
Posted by Robert Harsha on Fri, 01/11/2019 - 15:48
As we get rolling on a new year, I wanted to share a few economic themes that I’ll be following this year. Of particular interest to me in 2019 are:
- Federal Reserve’s posture on raising the federal funds rate.
- Housing, specifically new home starts.
- Yield curve
The interest rate situation dominated 2018. In January 2018, the Federal Reserve increased the federal funds rate by .25% and announced that we should expect 3 more rate increases in 2018. The stock market responded by dropping 10.1% over the next 14 days. Ouch! They were true to their word, and we saw four rate hikes last year. However, near the end of the year the Federal Reserve moderated it’s expectation for 2019, which came as welcome news on the stock market. We ended the year with a federal funds rate of 2.38%, with guidance of 2.88% by the end of 2019. Because of the effect interest rates have on the overall economy, I’ll be curious to see where we end in 2019.
Posted by Rob Harsha on Wed, 11/28/2018 - 13:46
It’s December again and for me, it’s the best time of year. I love Christmas. I enjoy the food, music, decorations, and the reminder of the year past. Christmas time also brings out the child-like wonder of our awesome world. Most of my memories from my youth are of cold December days with evenings of lights and hot drinks. There is one that is different.
Posted by Rob Harsha on Thu, 11/15/2018 - 14:08
Welcome to the redesigned website! I have two goals for this site. First, for clients to find relevant information about investing and easy access to their investment account portal, Investor 360. Second, for potential clients to get a “flavor” of my philosophical view of investing and the type of advice I give clients about the markets.
Posted by Rob Harsha on Thu, 11/15/2018 - 14:07
The Roth IRA is a tax friendly retirement vehicle. The Roth IRA allows you to invest after tax money that will grow and be distributed tax free. All distributions will be free of income tax, both your contribution and the earnings. For younger investors, this could be a substantial savings.