Financial Power Blog — Market Volatility

Stock market falls 1,000 points on Friday as a result of statements made by Fed Chair Powell

Stock market falls 1,000 points on Friday as a result of statements made by Fed Chair Powell

Inflation control is the responsibility of the Federal Reserve. Raising or lowering interest rates is one of its tools. As a result, the pace of the economy's growth may change. The Federal Reserve increased rates by 0.75% during its most recent meeting in July. It's a significant one-time boost.   Fed Chair Powell pledged to make at least one more significant rise. He declared that unless he sees a route to 2% inflation, he will continue to raise rates.We then received the July inflation data in August. Over the previous year, inflation rose by 8.5%. This fell short of the 8.7%...

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Data from Fidelity found the number of seven-figure retirement accounts down sharply

Data from Fidelity found the number of seven-figure retirement accounts down sharply

At Women Financial Power, we offer safe retirement planning. Here's why, there are always ups and downs in the market that we can't control. Here's what it amounts to, as an investor, you put up 100% of the money and you take 100% of the risk. You're the one whose principal is on the line. This is fine if it is money you can stand to lose, but this is not the only way to invest or save for retirement. Women Financial Power builds a solid foundation for our clients that protects their principal.    We came across this article from Bloomberg and decided to...

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OVERPAYING FEES AND LOADS ON IRAS, 401(K) AND 403(B) PLANS

OVERPAYING FEES AND LOADS ON IRAS, 401(K) AND 403(B) PLANS

The cost of doing business on Wall Street can be more than exposure to risk. The market crash of 2008 and the first quarter of 2009 gave many investors good reason to think their approach to a comfortable retirement. For most Americans living today, this was the biggest financial crisis in their lifetimes. Now that the market has made recovery, many investors are looking more closely at the fees and loads that can erode their nest eggs substantially over time.   An article in the Wall Street Journal, “The Hidden costs of Mutual Funds”, pointed out doing business on Wall...

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