Blog

  • 8 Tips for First Time Home Buyers

    Posted on June 21, 2017

    Considerations Prior to the BIG Purchase ①  Consider All Expenses Buying your first home is an exciting prospect; just make sure to do your homework when establishing your budget. For example, your home purchase could require a hefty down payment; typically, 20% of the purchase price. You will also need to cover closing costs, a home inspection, and appraisal fees, which

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  • Weekly Economic Update – June 19, 2017

    Posted on June 19, 2017

    FED DELIVERS EXPECTED & UNEXPECTED NEWS As Wall Street anticipated, the Federal Reserve raised interest rates on June 14. The Federal Open Market Committee voted 8-1 to take the benchmark interest rate north by a quarter-point to the 1.00-1.25% range. The Fed also said it would begin to reduce its $4.5 trillion balance sheet at some point “this year” by

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  • TrueWealth’s Jennifer Birchett Honored with AICPA ‘Standing Ovation’ for Top Young CPAs in Personal Financial Planning

    Posted on June 14, 2017

    Recognition Given at the AICPA Advanced PFP Conference in Las Vegas ATLANTA (June 14, 2017) – The American Institute of CPAs (AICPA) awarded its Personal Financial Planning (PFP) Standing Ovation Award to TrueWealth Management’s Jennifer E. Birchett, CFP®, CPA/PFS. Birchett is one of only 16 CPAs nationally, age 40 and under, recognized for her contributions to the field. She received the

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  • Weekly Economic Update – June 12, 2017

    Posted on June 12, 2017

    AN UPBEAT REPORT ON THE SERVICE SECTOR The Institute for Supply Management’s May non-manufacturing purchasing manager index displayed a reading of 56.9 last week, showing expansion in U.S. service industries for an eighty-ninth straight month. Although the gauge declined 0.6 points from its April mark, it signaled a solid pace of growth. The index’s employment component rose 6.4 points to

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  • Weekly Economic Update – June 5, 2017

    Posted on June 5, 2017

    JOB CREATION, JOBLESS RATE DOWN IN MAY A day after ADP’s employment change report estimated a hiring gain of 253,000 in May, the Department of Labor’s latest jobs report told a far different story. It said employers added just 138,000 workers last month. The U-3 jobless rate fell to a 16-year low of 4.3% in May, partly because of people

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  • Weekly Economic Update – May 29, 2017

    Posted on May 30, 2017

    A SOLID RETAIL SALES READING Americans bought more in April. The pace of retail purchases hastened by 0.4% last month, and the Bureau of Economic Analysis revised the 0.2% March retreat into a 0.1% gain. Headline retail sales were up 4.5% across the 12 months ending in April. Core retail sales rose 0.3% in the fourth month of the year.1,2

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  • Weekly Economic Update – May 22, 2017

    Posted on May 22, 2017

    CONSTRUCTION ACTIVITY SLOWED IN APRIL Against expectations, both housing starts and building permits declined in the fourth month of the year. Newly released Census Bureau data shows a 2.5% retreat for permits and a 2.6% pullback for starts last month. The key factors: a 9.2% drop in starts for multi-family projects (which have declined for four straight months) and a

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  • Weekly Economic Update – May 15, 2017

    Posted on May 15, 2017

    A SOLID RETAIL SALES READING Americans bought more in April. The pace of retail purchases hastened by 0.4% last month, and the Bureau of Economic Analysis revised the 0.2% March retreat into a 0.1% gain. Headline retail sales were up 4.5% across the 12 months ending in April. Core retail sales rose 0.3% in the fourth month of the year.1,2

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  • Tax Effect of HB 237: Supporting Innovation in Georgia Classrooms 

    Posted on May 10, 2017

    Recently the Georgia legislature approved, HB 237, a bill that provides tax credits for donations to the Public Education Innovation Fund Foundation, which in turn, awards grants to public schools in Georgia. In our opinion, it is a win-win proposition for many Georgia taxpayers – reducing your tax liability while providing greatly needed financial assistance to spur innovation in school

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  • Weekly Economic Update – May 8, 2017

    Posted on May 8, 2017

    NEW DATA SHOWS MORE HIRING, LESS SPENDING Unemployment hit a 10-year low in April as payrolls swelled with 211,000 net new jobs, a rebound from the meager gains of March. The Department of Labor’s monthly report showed the headline jobless rate declining 0.1% to 4.4%; the U-6 rate measuring underemployment was at 8.6%, falling 0.3%. The latest consumer spending report

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