Most people have gotten used to low saving account rates. But some banks -- generally a lot smaller, more digital and hungrier for new cash -- are offering double and even triple interest rates on savings to lure new depositors. Learn more from Bloomberg here, and feel free to reach out if you'd like to know how to take advantage of these higher rates.
Please follow the attached link and gain clarity on a currently unclear law. This SECURE Act was passed as part of a government spending bill and drastically rearranges the retirement landscape. Feel free to call with any questions about it after you read. Read the full article here on Think Advisor.
In this week’s news affecting your wealth, the U.S economy grew 3% in the third quarter, much faster than had been expected. The consensus forecast of 59 economists, surveyed by The Wall Street Journal in early October, had been for 2.7% growth. The 3% figure is an estimate and the final number could be revised in the weeks ahead. For growth to hit 3% in the third quarter despite two severe hurricanes, the threat of a nuclear war with North Korea, and political strife in Washington, D.C. is an impressive display of the current economic momentum.
Prosperity is proud to present an educational event for Business Owners, CFOs and CPAs: Strategies for Acquiring and Selling a Business. Thursday November 9th: 5:30-7:30 pm at Prosperity's First Floor Conference Room. Guest Speaker - Ron Claussen Attorney at Law specializing in Business Sales Transactions
- Enjoy free appetizers and drinks
- Relaxed, no-pressure atmosphere
- Feel free to bring family, friends and colleagues
Ron Claussen’s practice focuses on corporate law, with an emphasis on merging growth companies, venture capital financing and mergers and acquisitions. Ron continues his entrepreneurial approach to the practice of law, providing creative solutions for his clients’ business opportunities.
Prior to going into private practice in 1986, Ron was general counsel to Nanco Enterprises, and had oversight of Nanco’s subsidiaries, including Carrows Restaurants, Jeremiah’s Steakhouses, Elephant Bar and Restaurants, Rayne Corporation and Santa Barbara Aviation, Inc. In addition to his general counsel responsibilities for these companies, Ron became actively involved in the long range orientation of each entity. From 1978 through 1981, Ron was also president of the Rayne Corporation, a west coast franchisor of water treatment products. In only three years, he doubled the client base of this 50-year-old company through acquisitions and strategic alignments.
Ron is a member of the State Bar of California and the Blue Key National Honor Fraternity and was a charter member in the Gibson Inn, Phi Delta Phi. Ron served as the Pacific Coast Director of the Montana Wildlife Federation from 2008-2013, during which time he created and fostered MWF’s Montana Matters fundraising campaign (www.montanamatters.com); he currently serves as an At-Large Director of the National Wildlife Federation and as a member of its development committee. He received his B.A. from University of California at Davis in 1968 with departmental honors and earned his J.D. from the University of California at Davis in 1971.
According to the Federal Reserve Bank’s latest Beige Book, modest to moderate gains in the U.S. economy are just ahead. “Consumer spending appears to be rising across a majority of Districts, led by increases in non-auto retail sales and tourism,” said the U.S. central bank’s report.
Published every six weeks, the Beige Book summarizes economic data collected by the 12 Federal Reserve Districts. In the 32-page mid-July report, many Districts noted softer consumer spending, particularly in auto sales, which declined in six Districts....
Do you remember playing "20 Questions"? Here are the answers to 20 questions about required minimum distributions (RMDs). Most of this information comes from the frequently asked questions section of the IRS website.
Q1. What is an RMD?