Despite Friday’s report showing the lowest unemployment rate in five years, Federal Reserve Chair Janet Yellen is not ready to phase out the Fed’s stimulus policy. How will the Fed respond to the mixed signals from the jobs report? Bloomberg analyzes the numbers. Turning to your personal financial plans, if you haven’t developed a strategy for assisting your aging parents, now is the time to do it. The AICPA points to a number of ways you can take steps now to make the process easier. It helps to use an online budget site, which Kiplinger has reviewed. Each site allows you encrypted access to your complete financial picture and gives you the tools you need to control your budget.
Yellen’s Labor Market Gauges Point To Continued Fed Stimulus– Some of the job-market indicators watched by Federal Reserve Chair Janet Yellen are still flashing red even after Friday’s report showing the unemployment rate dropped to the lowest level in more than five years. The Labor Department report “does not in any way force the Fed’s hand from its accommodative stance,” said Lindsey Piegza, the chief economist for Sterne, Agee & Leach Inc. “This sets the Fed up for taking baby steps.”
Caring For Your Aging Parents– Caring for your aging parents is something you hope you can handle when the time comes. Whether the time is now or somewhere down the road, there are steps that you can take to make your life (and theirs) a little easier. Some people live their entire lives with little or no assistance from family and friends, but today Americans are living longer than ever before. It’s always better to be prepared. http://www.360financialliteracy.org/Topics/Family-Financial-Planning/Caring-for-Aging-Parents/Caring-for-your-aging-parents
Which Budgeting Site Is Best For You?- Kiplinger has evaluated a number of online budgeting sites. Each of these sites tracks your cash flow by collecting your financial information in one place. They can provide access to your complete financial picture anywhere you have Internet access.
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller