WE LOVE MINNESOTA!
Leif took this picture of a neighborhood snowman.
With the warmer weather it won't be long
and it will be history.
Friday, January 29, 2016
Thursday, January 28, 2016
Leif visits BIG BEN in LONDON
Leif recently visits
BIG BEN in LONDON
BIG BEN is the nickname
for the Great Bell...
Read more about it by
clicking here....
https://en.wikipedia.org/wiki/Big_Ben
www.HagenFN.com
Monday, January 25, 2016
What will the Money in a 529 College Savings Plan Cover? That and more in today's PEEK of the WEEK financial news.
Peek of the Week
January 25, 2016
The
Markets
Investors breathed a sigh of relief last week when
U.S. stock markets recovered from a tumble toward bear market territory with
the grace of a Cirque du Soleil performer. Many stock markets around the world finished
the week with gains, although national indices in Europe and the United States
fared better, generally, than those in Asia.
Bloomberg Business reported global stocks experienced their biggest
gains in more than three years, while safe haven markets, including Treasuries,
retreated*. Stocks moved higher on speculation the European Central Bank (ECB) will
expand stimulus measures, the U.S. Federal Reserve may revise its rate hike intentions,
and Japan and Asia also may take steps to support their markets. According to the
Financial Times:
“Sentiment turned in part because of dovish comments
on Thursday from Mario Draghi, president of the European Central Bank, which
many in the market viewed as signaling that further stimulus measures could be
unveiled in March…The slide in U.S. equity markets and strengthening of the U.S.
dollar have rapidly unraveled investor expectations that the Fed will be able
to lift rates four times this year, as the central bank seeks to normalize
policy. Instead, traders put the odds on just one rate rise this year.”
A late-week rally in oil prices also helped push stock
markets higher. The Financial Times
reported crude oil hit a 12-year low midweek and then bounced more than 18
percent. While improving oil prices proved heartening to investors, Barron’s pointed out prices have dropped
because supply expanded ahead of demand. With growth in China slowing, it may
take some time for supply and demand to balance.
*US treasuries may be considered “safe haven”
investments but do carry some degree of risk including interest rate, credit
and market risk.
Data as of 1/22/16
|
1-Week
|
Y-T-D
|
1-Year
|
3-Year
|
5-Year
|
10-Year
|
Standard &
Poor's 500 (Domestic Stocks)
|
1.4%
|
-6.7%
|
-7.6%
|
6.2%
|
8.1%
|
4.2%
|
Dow Jones Global
ex-U.S.
|
0.3
|
-9.0
|
-15.4
|
-4.1
|
-3.1
|
-0.7
|
10-year Treasury
Note (Yield Only)
|
2.1
|
NA
|
1.9
|
1.8
|
3.4
|
4.4
|
Gold (per ounce)
|
0.2
|
3.2
|
-15.4
|
-13.4
|
-4.0
|
7.1
|
Bloomberg Commodity Index
|
2.4
|
-4.2
|
-25.9
|
-19.1
|
-14.1
|
-7.8
|
DJ Equity All REIT Total Return Index
|
1.3
|
-4.4
|
-9.1
|
7.4
|
10.4
|
6.4
|
S&P 500, Dow Jones Global ex-US, Gold, Bloomberg
Commodity Index returns exclude reinvested dividends (gold does not pay a
dividend) and the three-, five-, and 10-year returns are annualized; the DJ
Equity All REIT Total Return Index does include reinvested dividends and the
three-, five-, and 10-year returns are annualized; and the 10-year Treasury
Note is simply the yield at the close of the day on each of the historical time
periods.
Sources: Yahoo! Finance, Barron’s, djindexes.com,
London Bullion Market Association.
Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not
applicable.
It’s college time!
What will the money in a 529 college savings plan cover? If you have a child or grandchild who will be heading
to college soon, and you have set up and contributed to a 529 College Savings
Plan, it’s almost time to tap into those funds.
The reason many people start tucking money aside in
college savings plans when their children are young is any earnings grow
tax-deferred in 529 plan accounts, and are federally tax-free (and often state
tax-free) when withdrawn, as long as they’re used for qualified education
expenses for a designated beneficiary. Qualified expenses include tuition, fees,
books, and room and board.
Recently, Congress passed legislation that made computers, Internet access, printers,
scanners, education-related software (no games), and other peripheral equipment
qualified expenses. Computers were qualified expenses previously, as long as
the college required computers for attendance. Now, they qualify even if the school
does not require them.
According to Kiplinger’s,
529 plan savings can be used for room and board even if the account beneficiary
lives off campus, as long as he or she is attending college at least half-time.
While you don’t have to document expenses for 529 plan administrators, it’s a
good idea to keep a record of all education-related expenses.
529 plans are a smart way to save and invest for
college. Contributions may be state tax-free, and there is no limit to the
amount you can contribute annually, according to SavingforCollege.com, but there are tax-related nuances to
understand. During 2015, a parent or grandparent could contribute up to $14,000
per child or grandchild and qualify for annual gift tax exclusion ($28,000 if a
spouse contributes, too.) If you prefer, you can make a lump-sum contribution
of up to $70,000 per beneficiary, and spread it over five years for gift tax
purposes. * Please keep in mind, prior to investing in a 529 Plan
investors should consider whether the investor’s or designated beneficiary’s
home state offers any state tax or other benefits that are only available for
investments in such state’s qualified tuition program. Non-qualified withdrawals may result in
federal income tax and a 10% federal tax penalty on earnings.
To learn more about this college savings plan for your
children or grandchildren, contact your financial professional.
Weekly Focus –
Think About It
“Common sense is not so
common.”
--Voltaire,
French writer, historian, and philosopher
Best
regards,
Leif M. Hagen
Leif M. Hagen, CLU, ChFC
LP Financial Advisor
Securities
offered through LPL Financial Inc.,
Member
FINRA/SIPC.
P.S. Please feel free to forward this commentary
to family, friends, or colleagues.
If you would like us to add
them to our list, please reply to this e-mail with their e-mail address and we
will ask for their permission to be added.
P.S.S. Also,
please remind your friends and family members becoming Medicare eligible that
we offer Medicare insurance and Part D options with NO COST to work with Leif as
their agent
For more information and resources visit our website at www.HagenFN.com
For more information and resources visit our website at www.HagenFN.com
For Medicare supplement and part D information and
resources, please visit MEDICAREforSENIORS.info
Please
FOLLOW and “LIKE US” on FACEBOOK.com/HagenFN
Please Read our Blog @ http://HagenFinancialNetwork.blogspot.com
Please Follow our Tweets on Twitter.com/SafeLeif
Check out this: http://www.MedicareForSeniors.info
* This newsletter was
prepared by Peak Advisor Alliance. Peak Advisor Alliance is not affiliated with
the named broker/dealer.
* The Standard & Poor's
500 (S&P 500) is an unmanaged group of securities considered to be
representative of the stock
market in general. You cannot invest directly in this index.
* The Standard & Poor’s
500 (S&P 500) is an unmanaged index. Unmanaged index returns do not reflect
fees,
expenses, or sales charges.
Index performance is not indicative of the performance of any investment.
* The 10-year Treasury Note
represents debt owed by the United States Treasury to the public. Since the
U.S.
Government is seen as a
risk-free borrower, investors use the 10-year Treasury Note as a benchmark for
the long-term bond market.
* Gold represents the
afternoon gold price as reported by the London Bullion Market Association.
The gold price is set twice
daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in
U.S. dollars per fine troy ounce.
* The Bloomberg Commodity
Index is designed to be a highly liquid and diversified benchmark for the
commodity futures market. The Index is composed of futures contracts on 19
physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT
Total Return Index measures the total return performance of the equity
subcategory of the Real Estate Investment Trust (REIT) industry as calculated
by Dow Jones.
* Yahoo! Finance is the
source for any reference to the performance of an index between two specific
periods.
* Opinions expressed are
subject to change without notice and are not intended as investment advice or
to predict future performance.
* Economic forecasts set
forth may not develop as predicted and there can be no guarantee that
strategies promoted will be successful.
* Past performance does not
guarantee future results. Investing involves risk, including loss of principal.
* You cannot invest directly
in an index.
* Consult your financial
professional before making any investment decision.
* Stock investing involves
risk including loss of principal.
* To unsubscribe from the
“Peek of the Week”, please reply to this email with “Unsubscribe” in the
subject line, or write us at: Hagen Financial Network, Inc. 4640 Nicols Road,
Suite 203; Eagan, MN 55122.
Sources:
http://www.barrons.com/articles/dow-s-p-500-end-week-down-2-2-1452927104?mod=BOL_hp_we_columns (or go to
https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/01-19-16_Barrons-Dow_S%26P_500_End_Week_Down_2.2_Percent-Footnote_3.pdf)
https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/01-19-16_Barrons-Dow_S%26P_500_End_Week_Down_2.2_Percent-Footnote_3.pdf)
http://www.barrons.com/articles/bear-market-growl-1452927105?mod=BOL_hp_we_columns (or go to https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/01-19-16_Barrons-Bear_Market_Growl-Footnote_5.pdf)
Subscribe to:
Posts (Atom)
HAGEN FINANCIAL NETWORK
Hagen Financial Network, Inc