Welcome! Login | Register

2019 NCAA Tournament – How To Set Your March Madness Bracket Around Pac-12 Teams—2019 NCAA Tournament – How To Set Your…

March Madness 2019 – Can The Oregon Ducks Get Back To The Elite Eight?—March Madness 2019 – Can The Oregon Ducks…

I Have 3 Months To Train For The Wild Rogue Relay—I Have 3 Months To Train For The…

20 Ways To Increase Circulation—20 Ways To Increase Circulation

Trail Blazers Weekly Preview – Sabonis 2.0, Dirk’s Rip City Swan Song, Blake Of House Piston Invades—Trail Blazers Weekly Preview – Sabonis 2.0, Dirk’s…

VIDEO: ‘Surf Rock’ Creator Dick Dale Dead at 81—VIDEO: 'Surf Rock' Creator Dick Dale Dead at…

The Presidential Primary Parade Marches On - Sunday Political Brunch March 17, 2019—The Presidential Primary Parade Marches On - Sunday…

Predicting The Seattle Seahawks’ 2019 Draft—Predicting The Seattle Seahawks’ 2019 Draft

49 Killed in Mass Multi-Mosque Shooting in Christchurch, NZ, Shooter Livestreamed Massacre—49 Killed in Mass Multi-Mosque Shooting in Christchurch,…

I’m Ready To Become A Fan Of Hockey In Seattle—I’m Ready To Become A Fan Of Hockey…


Friday Financial Five – September 18th, 2015

Friday, September 18, 2015


No rate hike in September

The Federal Reserve opted for a cautious approach, following the path many experts predicted by delaying a rate hike in September citing “recent global economic and financial developments”. The decision to keep rates steady resulted in some volatility, but overall there weren’t huge losses or gains. The Fed did indicate there will be a hike before year’s end, either in October or December. There was one dissenting vote belonging to Jeffrey Lacker, who favored a quarter point hike.

Report cites wide gender gap for retirement readiness

A new report from Financial Finesse suggests there’s still a significant gap between men and women when it comes to funding retirement. While both genders face retirement shortfalls in general, the comparison of a median 45 year old man and woman shows the woman faces a much higher shortfall when it comes to funding 70% of working income plus healthcare costs. The shortfall is 26% higher and is attributed to longer life expectancy, lower Social Security payments, and lower retirement savings. The study focuses on the challenges women face to increase savings while increasing confidence to address and better understand financial concerns.

Democrats continue pushing fiduciary rule

The responsibility of an advisor to act in a client’s best interest continues to split party lines. Democrats favor the new rule and recently asked the Department of Labor for compensation flexibility as long as the fiduciary standard is upheld. Republicans remain obstinate while backing financial groups who believe any new rule will cause the cost of advice to skyrocket. There hasn’t been an alternate solution proffered that will remedy the problem of people receiving unnecessarily expensive or poor advice.
Longevity annuities for retirement accounts

The fear of running out of money during retirement, or longevity risk, is driving innovation to find ways to provide guaranteed lifetime income. A relatively new product, the Qualified Longevity Annuity Contract, provides deferred income for retirement account holders. Investors use money from IRAs or 401(k)s to create a stream of payments at a future date. A big hurdle is meeting requirements to avoid the Required Minimum Distribution rule once hitting the age of 70 ½. While immediate annuities have been largely accepted by those wanting predictable income payments, the QLAC has been less popular so far. That may be attributable to the mortality factor, where a 70 year old simply doesn’t believe he or she will be around at age 80 to collect payments. 

SEC punishes another advisor to NFL players

The extensive and disturbing trend of professional athletes being misled by unscrupulous financial professionals continues. A Denver advisor misused millions of dollars from thirty athletes, including very prominent National Football League players and has been barred by the SEC from the securities industry. The players, including Ray Lewis and Terrell Owens, believed they were investing $40 million in a casino project in Alabama. Instead, the SEC contends the advisor used part of the money to purchase a Lamborghini and a home worth nearly $3 million. 

Dan Forbes is a regular contributor on financial issues. He is a CFP Board Ambassador. He leads the firm Forbes Financial Planning, Inc in East Greenwich, RI and can be reached at [email protected].


Related Slideshow: Oregon Business Rankings in US

See how Oregon stacked up against the other states in the U.S.

Prev Next


Oregon gets a C+ for small business friendliness from Thumbtack, in conjunction with the Kauffman Foundation.

According to the ranking:

Overall friendliness C+

Ease of starting a business B
Ease of hiring D+
Regulations D
Health & safety D
Employment, labor & hiring D
Tax code D+
Licensing C-
Environmental D
Zoning D+
Training & networking programs B+

Prev Next

CEO Magazine

CEO magazine was not kind to Oregon.

The state ranked in the bottom ten states at #42.

Oregon get lumped by CEO's as being California like - too much regulation.

Prev Next


The 2015 rankings puts Oregon in the top 20. Oregon ranks #18 in the United States. 

NY ranks one spot ahead at #17 and Florida ranks after Oregon.

#1 in the United States: Utah

#50 in the United States: Mississippi

Prev Next


Oregon has been ranked as the 2nd most eco-friendly state in the country, according to a recent study by WalletHub

Oregon ranks eighth in environmental quality and first in Eco-Friendly Behaviors landing them in second overall. 

Oregon is behind Vermont and ahead of New York and Minnesota who land in the third and fourth spots respectively. 

Prev Next

The Economist

Small Business Friendliness Grade: C+

The Economist grades states on an A+ to F grading scale for its small business climate. Oregon is one of 4 states that earned a "C+"

Overbearing bureaucracy and excessive licensing is stifling small business in America. 

Read More About The Economist Grade Here

Prev Next


#22 CNBC

CNBC ranks each state in cost of doing business, economy, technology and innovation.

Read More About CNBC Ranking Here

Prev Next

Wallet Hub

#28 Wallet Hub

Wallet Hub ranks each state in ROI rank, state tax rank, and overall government services.

Read More About Wallet Hub Ranking Here

Prev Next

#38 Kauffman Foundation

Kauffman Foundation ranks each state in entrepreneurship.

Entrepreneurial activity generally is highest in Western and Southern states and lowest in Midwestern and Northeastern states.

Read More About Kauffman Ranking Here

Prev Next


#19 Forbes in 2014

Forbes ranks each state in business costs, economic climate, and growth prospects.

Read More About Forbes Rankings Here


Related Articles


Enjoy this post? Share it with others.

Delivered Free Every
Day to Your Inbox