AMJ Financial Blog

Monthly Archives: July 2017

Market Commentary – July 31, 2017

There was some good news and some bad news last week. First, the good news: Thanks to consumer spending and an upturn in federal government spending, the U.S. economy grew faster from April through June this year. Gross domestic product (GDP) grew by 2.6 percent during the period, according to the advance estimate for economic… Read More

Avoid the Tax Penalty

Avoid the 10% Tax Penalty in 5 Easy Steps Emergencies happen, plans change, and sometimes you just change your mind. If you’re looking to tap into your retirement account earlier than planned, you may be wondering what type of penalties you could be up against. For most retirement accounts, if you decide to make a… Read More

Market Commentary – July 24, 2017

Do we have central banks to thank? Low interest rates, accommodative monetary policy, and improving economic growth have helped stock markets around the world reach record highs, reports Barron’s: “…a look around the globe shows the surge of the U.S. market to new peaks to be anything but unique. Major [markets] in Europe and Asia… Read More

Calculating IRD Deduction

If you’re the recent beneficiary of a loved one’s retirement assets, you may be unaware of an income tax deduction available to you called the income in respect of a decedent (IRD) deduction. When certain inherited assets, such as IRAs, 401(k)s, and other retirement accounts are hit with both federal estate and income tax, this… Read More

Market Commentary – July 17, 2017

It was a good week for a lot of stocks but not bank stocks. The Standard & Poor’s 500 (S&P 500) Index and the Dow Jones Industrial Average (DJIA) both finished at record highs last week. Barron’s indicated investors owe Federal Reserve Chair Janet Yellen a debt of gratitude: “The main force behind the rally… Read More

Market Commentary – July 10, 2017

Things you may want to know… Last Friday, Financial Times (FT) published, ‘Five markets charts that matter for investors.’ Among the issues addressed in the charts were: The bond market bear watch. The yield on 10-year German Bunds (Germany’s government bonds) reached an 18-month high of 0.58 percent recently. Yields rose after the European Central… Read More

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Market Commentary – July 3, 2017

This is the way the quarter ends – with a central bank scare. Central bankers are stodgy. They speak carefully. For many, reading the words ‘Federal Reserve’ is enough to cause boredom to set in and web surfing to ensue. Last week, though, the European Central Bank and Bank of England cracked the ‘open secret’… Read More