In this episode of the Planned Solutions podcast, even with the federal government shutdown, the Bureau of Labor Statistics (BLS) reported the September inflation data. The headline inflation rate rose slightly from 2.9% in August to 3.0% in September, but continues to show signs that inflation has stabilized in the 2-3% level. The impact of tariffs remains uncertain as the annual numbers are low but recent months have been elevated. Shelter prices show the opposite, with higher annual numbers but lower monthly numbers in consecutive reports.
Despite a high level of political, economic, and financial uncertainty, US businesses continue to report strong earnings. Second-quarter earnings increased 11%. So far, 85% of companies that have reported for the third quarter have beaten their earnings expectations. Now, analysts estimate that earnings will increase 18% year-over-year in the third quarter.
Medicare open enrollment started on October 15th and runs until December 7th. This is the time period that individuals can make changes to their Medicare insurance plans. Those who are happy with their current plan do not need to take any action. Those who are not happy with their current plan because they want to see different providers, had a change in their health status, or want to switch to a lower cost plan, should take action to review their options during open enrollment.
Plus, a look at the Planned Solutions Incorporated Office Bulletin Board -
Chase and Daryl attended the Financial Planning Association of Northern California Winter Symposium. This year, the program consisted of a presentation on the costs of aging and how to prepare clients for those costs, a panel discussion on the benefits of working with a private fiduciary, and the need for succession planning within financial planning firms.
Matt traveled to Philadelphia to attend an in-person program to prepare him to take the Certified Financial Planner exam. This is after Carter attended a similar event in Southern California. With the exam date in November approaching quickly, they are both cramming to be as prepared as possible.
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Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279
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