While many people approaching retirement don’t realize it, they can benefit from a strategy for receiving Social Security.We begin this week with an article from Kiplinger that explains some of the ways you can increase your Social Security check. Turning to the Congressional negotiations on the U.S. debt, we look at the results of a recent survey for the Chartered Global Management Accountants.  CGMA business experts make up the world’s largest community of CFO’s, controllers and management accountants. More than two-thirds of those responding expect a lower credit rating for the United States in the wake of Congressional action. This could lead to higher interest rates.  Our next article concerns the March 1 deadline set by Congress to address the scheduled automatic spending cuts.  A writer for the Washington Post discusses the probability that these deep cuts will be enacted.  We wrap up this week with an article about the most common way hackers gain access to your computer.  With the increasing rates of personal computer security being compromised, it’s good to know how it happens.

Getting A Bigger Check From Social Security– This article in Kiplinger explains some basic strategies for increasing your Social Security check.  At Day & Ennis, we understand these strategies and help our clients evaluate what’s right in their situation. http://www.kiplinger.com/article/retirement/T051-C000-S002-getting-a-bigger-check-from-social-security.html

U.S. Debt Debate Will Have Sweeping Effect On Global Business– 1,300 Chartered Global Management Accountant® designation holders have been surveyed on what effect they think the Congressional negotiations will have. Almost two-thirds expect a lower credit rating for the U.S. as a consequence of too much borrowing or too few cuts to satisfy ratings agencies.  53 percent expect higher U.S. interest rates and 70 percent project a weaker dollar. http://www.aicpa.org/Press/PressReleases/2013/Pages/CGMA-Survey-US-Debt-Debate-Will-Have-Sweeping-Effect-on-Global-Business.aspx#

No Plan In Sight To Avert Deep Spending Cuts In U.S. -Across-the-board U.S. government spending cuts are set to automatically take effect March 1. Lawmakers of both parties say there is little hope of averting them. Military spending will be greatly reduced, leaving some of the Pentagon’s most vocal advocates resigned to seeing the cuts implemented for now. http://www.washingtonpost.com/politics/deep-spending-cuts-are-likely-lawmakers-say-with-no-deal-on-sequester-in-sight/2013/01/29/286d4f94-6a1f-11e2-ada3-d86a4806d5ee_story.html

Computer Hacking– This article in CNN Money describes the most common way hackers gain access to your computer.  It’s an increasing concern especially for those who use social media. http://tech.fortune.cnn.com/2013/01/24/i-got-hacked-and-so-can-you/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+fortunebrainstormtech+(Fortune+Brainstorm+Tech)

We hope you enjoy reading these articles along with us and that you find them informative.  Please forward this to your friends and family.

John R. Day, Bill Ennis and Stephanie Davidson

 

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.