What Constitutes a “Successful” Retirement?
Sustained affluence? Personal growth? A feeling of contentment?
Provided by Luke M. Johnson, President Legend Capital Group
How do you know if your retirement is living up to its potential? There isn’t a standard definition of a successful retirement. (Maybe there should be, but there isn’t.) It is interesting to see how different people define it.
Maybe income is the yardstick. Make that income replacement. A recent article in Financial Advisor Magazine put it this way: “Successful retirement is defined as the ability to replace current income in retirement.” The Employee Benefit Research Institute, which tracks workplace retirement savings trends in America, defines...
How Much Health Care Reform Will We See By 2014?
Can the federal government follow through on its ambitions?
Provided by Luke M. Johnson, President Legend Capital Group, Inc.
In 2014, we were supposed to see profound health care reform per the 2011 Affordable Care Act – but how much of that reform will roll out on time?
The federal government has already conceded that it can’t enforce the employer mandate portion of the Affordable Care Act by 2014. On July 2, the Obama administration gave businesses with 50 or more employees a 1-year reprieve from having to provide affordable health insurance to full-time employees (people working 30 or more hours weekly).1,2
So how about the state health insurance...
Second Quarter 2013 Financial Market Commentary
July, 2013 To taper, or not to taper, that is the question that investors are currently grappling with:
In every year since 2010, the global stock markets have started the year in an optimistic mood only to run into trouble in the late spring/early summer. This year has been no different. This time there is little doubt about the cause. The Federal Reserve (Fed) has suggested that unless the American economy deteriorates, it may start to slow the pace (taper) of its asset purchases ($85 billion/month) later...
Luke M. Johnson, President of Legend Capital Group, is thrilled to announce an innovative new partnership for 2013. Legend Capital is now a proud sponsor of Mr. Jin Park, PGA Tour player, for the 2013 season. Luke and Jin have been friends and played golf together over the past few years and decided to team up to create this exciting partnership.
Jin finished 7th in the Final Stage of PGA Tour Q-School last Decemeber to earn his 2013 PGA Tour Card. Jin was also on the PGA Tour during the 2008 season. He recently finished 31st at the Shell Houston Open March 28th-31st. Jin, we welcome you to the Legend Capital Group family and we are so pleased and honored to partner with you this year. We wish you the best of luck during the 2013 season.
First Quarter 2013 Financial Market Commentary
Stocks in the world’s developed nations posted their best start to a year in the past two decades, signaling that the global economy may be poised to accelerate after contractions in the U.S., Japan, and Europe. Individual, retail investors pumped record deposits into stock mutual funds. U.S. profits increased for an 11th quarter, global central banks kept interest rates at record lows and growth from Europe to China improved. Corporate earnings outperformed estimates as approximately 80% of S&P 500 companies reporting fourth-quarter 2012 results beat estimates.
On the last day of the quarter the S&P 500...