Blog

Medicare Update

By Chad Centorbi | November 12, 2019 |

Some hard-working, taxpaying Americans get angry when they hear Social Security called an entitlement program, perhaps because the word “entitlement” has come to have a connotation with welfare programs. The reality is that Social Security is, by definition, an entitlement program, along with Medicare, unemployment insurance, and worker’s compensation. These mandatory programs are funded by…

The Economics of Immigration

By Chad Centorbi | November 5, 2019 |

The Wharton School of Business at the University of Pennsylvania has conducted extensive studies on the effects of immigration on America’s economy. In light of heightened policy debates in the U.S., some of the most critical findings are:1 Increasing the number of legal immigrants with a college degree would have little impact on employment and…

Can Your Portfolio Weather an Economic Storm?

By Chad Centorbi | October 29, 2019 |

Let’s talk a little about famous last words. On November 8, 2007, then-Federal Reserve Chairman Ben Bernanke told lawmakers that the U.S. economy did not appear headed for recession. One month later, the Great Recession of the 21st century began.1 So, on September 6th of this year, when Fed Chair Jerome Powell announced that he…

What’s New in Indexing?

By Chad Centorbi | October 22, 2019 |

Index mutual funds are investment vehicles comprising stocks from a wide variety of companies and track the performance of a specific index, such as the Dow Jones Industrial Average. Investors are able to spread their assets across many different investments with the convenience of one fund, which can help protect them from market volatility. Index…

What’s New in Banking

By Chad Centorbi | October 15, 2019 |

Nearly a quarter of the adult U.S. population is “underbanked.” This means they don’t regularly use a bank (or a bank’s mobile/online capabilities) to deposit checks and pay bills. That’s about 55 million people ostensibly living from cashed paycheck to cashed paycheck.1 When these underbanked people cash their paychecks for immediate funds to buy groceries…

Fingerprint, Retina Scans Not Just for James Bond Anymore

By Chad Centorbi | October 8, 2019 |

Most people using the internet to shop, conduct financial transactions, or read firewall-protected content are likely familiar with the aggravation of maintaining passwords. Worse yet, tech experts now say conventional password security is only a marginal defense against hacking.1 We are now entering a new age in electronic security for the average user — one…

What’s Up With the Markets?

By Chad Centorbi | October 1, 2019 |

Anyone who followed the often-used investment adage, “Sell in May and go away,” is likely pleased with their decision after the markets struggled in the month of August.1 While recent market events may seem dramatic, August is historically the weakest month of the year for U.S. equities.2 By mid-August this year, both the Dow and…

Small-Business Growth Has Economic Benefits

By Chad Centorbi | September 24, 2019 |

A promising way to jumpstart the U.S. economy is by helping more entrepreneurs establish their own businesses. The 30.2 million U.S. small businesses represent 99.9 percent of all businesses in this country. They employ nearly half (47.5 percent) of America’s total workforce.1 If you need further proof that small businesses can provide an economic boost,…

What Is the Beige Book?

By Chad Centorbi | September 17, 2019 |

The Federal Reserve’s Federal Open Market Committee (FOMC) evaluates a plethora of factors before making any monetary policy decisions at meetings, which generally take place eight times a year. One source that helps inform their policy decisions is the “Beige Book,” which is the informal name for the FOMC’s “Summary of Commentary on Current Economic…

Why Retirement Portfolio Design Should Be Flexible

By Chad Centorbi | September 10, 2019 |

There is one predominant reason why retirement portfolio design must be approached differently today than in previous years: There is an infant alive in this world, right now, who is expected to reach age 200.1 That’s the prediction from demographers researching life expectancy trends, according to Olivia Mitchell, a business economics and public policy professor…

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