This month’s Retirement Times discusses 401(k) plan tax credit summary, retirement plan committee activities and much more.
Argent Financial Group (Argent) is a leading, independent, fiduciary-based wealth management firm. Responsible for more than $65 billion in client assets, Argent provides individuals, families, businesses and institutions with a broad range of wealth management services, including trusts and estate planning, custody and escrow, investment management, retirement plan consulting and administration, employee stock ownership plans (ESOPs), funeral and cemetery trusts, charitable organization administration, oil and gas (mineral) management and other unique financial services. Headquartered in Ruston, Louisiana, Argent was formed in 1990 and traces its roots back to 1930.
The Decision After pausing briefly in June, the FOMC decided to execute another rate hike at their meeting in July, which brought the Fed Funds rate to its present range of 5.25 – 5.50%. Speeches by FOMC members leading up to today’s announcement confirmed a bias...
In this morning’s data, Housing Starts were much less than expected at 1,283,000 in August, which is a -11.3% decrease from the previous month. This figure has fallen well below the 1,427,000 level late in 2022. Building Permits were much higher than expected at...
Announced this morning, the Consumer Price Index increased 0.6% in August, as expected and is four-tenths higher than the previous month. It grew 3.7% on an annual basis, above the 3.2% annual level in the previous report. Monthly prices for Gasoline, up 10.6%, were...
