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Nurturing the link between small developers and strong community in Conway
The Community Center for Economic Development (CCED), housed at the University of Central Arkansas, will present a Small Developer Conference on Thursday, May 31. Above, faculty member of the Incremental Development Alliance and Founder of the Infill Group Matthew Petty attends a guest lecture in April at the CCED. Petty returns on May 31, with an array of activities including lectured topics and a simulation for participants to apply what they’ve learned. Read more on page 14. (Photo by Kristen Spickard, UCA Outreach Marketing Coordinator)
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Preserve Arkansas announces 2018 list of Arkansas’s Most Endangered Places Preserve Arkansas’s 2018 Most Endangered Places list includes an African American cemetery, four historic churches, an Italian prisoner-of-war camp, a neighborhood commercial building associated with the desegregation of Central High School, a railroad depot, a tourist home for African Americans during the Jim Crow era, and an
Leasing • Management Brokerage • Consulting Specialists in the business of helping businesses with their places of business
Jeff Yates 501.352.3325 Jeff@ARKcire.com www.ARKcire.com
antebellum house. The announcement took place on May 4 at Curran Hall, 615 E. Capitol Avenue in Little Rock. Arkansas’s Most Endangered Places Program began in 1999 to raise awareness of historically and architecturally significant properties throughout the state that are facing threats such as deterioration, neglect, insufficient funds, and insensitive development. Preserve Arkansas solicited nominations from individuals and organizations throughout the state. The list is updated each year to generate discussion and support for saving the places that matter to Arkansas. Properties named to the 2018 list are as follows: • Camp Monticello (Monticello, Drew County) • Centennial Baptist Church (Helena-West Helena, Phillips County)
The First Baptist Church/EMOBA in Little Rock made Preserve Arkansas’ 2018 List of Most Endagered Places. The goal of the list is to generate discussion and support for saving places that matter in the state. (Photo courtesy of Preserve Arkansas)
• First Baptist Church/EMOBA (Little Rock, Pulaski County) • First Presbyterian Church (Fordyce, Dallas County) • Latimore Tourist Home (Russellville, Pope County) • Magnolia Cemetery (Helena-West Helena, Phillips County) • Ponder’s Drug Store/Capel Building (Little Rock, Pulaski County)
• Quinn Chapel AME Church (Fort Smith, Sebastian County) • Rock Island Railroad Depot (Perry, Perry County) • Thomas-Tharp House (Fayetteville, Washington County). Photos and information about 2018’s Most Endangered Places are available at www.PreserveArkansas.org. Preserve Arkansas is the statewide nonprofit organization
dedicated to building stronger communities by reconnecting Arkansans to our heritage and empowering people to save and rehabilitate historic places. For more information about Preserve Arkansas, please contact Rachel Patton at 501-372-4757, rpatton@preservearkansas.org, or visit www.PreserveArkansas. org. Source: Preserve Arkansas v
For Bowen grad, law is a path for serving others by TRACY COURAGE
Liz Harris is a litigation law clerk at the Arkansas Municipal League during the day and a part-time law student at the UA Bowen School of Law at night. Harris will graduate in Spring 2018.
Liz Harris received her Juris Doctor from the William H. Bowen School of Law on May 12. She’s currently preparing for the Arkansas Bar Exam. (Photo by Benjamin Krain)
We are pleased to announce
For the past four years, Harris has played the role of Superwoman: law clerk by day, part-time law student by night, and full-time single mom to her 8-year-old daughter. The long days and nights, though, are about to pay off for Harris, who graduates on May
Carrie Hansen Escrow Officer
Over 23 years of title experience Carrie@PulaskiCountyTitle.com (501) 537-3700 8114 Cantrell Road, Suite 300, Little Rock, AR 72227
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12 with a Juris Doctor from the University of Arkansas at Little Rock’s William H. Bowen School of Law. She will take the Arkansas Bar Exam in July and has already secured a prestigious clerkship with the Honorable Lavenski Smith, chief judge of CONTINUED ON PAGE 19
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922 Van Ronkle Conway, AR 72032 *** phone 501-513-0551 fax 501-513-9095 *** email fcbrealtors@gmail.com ETHICS
Code of Ethics Training Cycle Five 1/1/2017 - 12-31-2018 Do you have your Ethics training for the current cycle? Under NAR policy, all Realtors must complete 2 1/2 hours of ethics training during each cycle. We are currently in Cycle Five , which started on January 1, 2017 and ends on December 31, 2018. All new members who join the Board, and attend orientation, receive ethics training. Many, but not all, of the Continuing Education classes include the required 2 1/2 hours of Code of Ethics. You may go to: https://www.nar.realtor/about-nar/ governingdocuments/code-of-ethics/code-of-ethics-training (then select Existing Member) and complete the COE course free of charge and at your own pace as long as you complete the course within 30 days. Mandatory ethics training requirements for new and continuing Realtor members were established by the National Association’s Board of Directors at the 1999 Annual Convention with the following goals: • to heighten member awareness of the key tenets of the Code of Ethics; • to create an awareness of and appreciation for the role the Code can and should play in their professional lives; • to enhance professionalism and competency; • to encourage Realtors to view their Code of Ethics as a living, viable guide in their daily dealings with clients, customers, and the public. Call the Board office if you are unsure if you have met this requirement. It is your responsibility to send a copy of your certificate to the Board showing your ethics training. Complete your training now and mark this off your list of things to do!
FCBOR hosts Bowl A Thon for Special Olympics in Conway
CALENDAR OF EVENTS
General Membership Luncheon – June 18, 2018 – 11:30 a.m. Hole in the Wall Café New Member Orientation – July 12th – 9 a.m. – Holiday Inn Express ARA State Meetings – June 11 & 12 – Fairfield Bay, Ark.
AFFILIATE SPONSORSHIPS
We are still prospecting new affiliates! If your business would like to become a member of our board please contact Morgan at 501513-0551 or fcbrealtors@gmail.com.
NOTE
Special Olympics Raffle – Contact Morgan Horton for tickets.
2018 Officers and Directors President – Jan Barrow President Elect – Emily Walter Secretary – Melissa Archuletta Treasurer – Velda Lueders Past President – Tracy Tidwell
3 Year Term – Brittney Burks, Lori Quinn, Glen Rega 2 Year Term – Spencer Hawks, Jonna Shaw 1 Year Term – Paul Nahlen, Lance McGhee Parliamentarian – Stefanie Schrekenhofer Dace
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BY TOMMY HOWARD
Financial Focus
Jack Nelson Jones, P.A. is located in Little Rock, Arkansas. Jack Nelson Jones represents a wide range of clients across the state and the nation, including First Security Bancorp, Crews & Associates, Inc., American Fuel Cell and Coated Fabrics Company, Bank of the Ozarks, the University of Central Arkansas, and North Little Rock School District. Some of Jack Nelson Jones’ other more well-known national clients include Mr. Jerry Jones and the Dallas Cowboys Football Club.
www.edwardjones.com
SAVING FOR COLLEGE? CONSIDER A 529 PLAN
M
ay 29 (5/29) is National 529 College Savings Plan Day. If you are not familiar with 529 plans, you are not alone – although these plans have been around since 1996, many people are still unaware of their existence. And that’s unfortunate, because a 529 savings plan can be a valuable tool for anyone wanting to help a child, grandchild, friend or other family member save for education. Here are some of the key benefits of a 529 plan: Potential tax advantages – A 529 plan’s earnings are not subject to federal income taxes, as long as withdrawals are used for qualified education expenses of the designated beneficiary, such as your child or grandchild. (You will be subject to ordinary income taxes, plus a 10 percent federal penalty, on the earnings portion of withdrawals not used for qualified education expenses.) High contribution limits – Contribution limits are generally quite high for most states’ 529 plans. However, you could possibly incur gift tax consequences if your contributions, plus any other gifts, to a particular beneficiary exceed $15,000 during a single year. Ability to switch beneficiaries – As the old song goes, “the future is not ours to see.” You might name a particular child or grandchild as a beneficiary of a 529 plan, only to see him or her decide not to go to college after all – but as the owner of the plan, you generally may be able to switch beneficiaries whenever you like, right up to the point when you start taking withdrawals. (However, to make this switch non-taxable and penalty free, you must designate a new beneficiary who is a member of the same family as the original beneficiary.) Freedom to invest in any state’s plan – You can invest in the 529 plan offered by any state, regardless of where you live. But if you invest in your own state’s plan, you might receive some type of state tax benefit, such as a deduction or credit. Additional benefits may also be available. Flexibility in changing investments – You can switch investment options in your 529 plan up to twice a year. Or, if you’d rather take a more hands-off approach, you could select an automatic age-based option that starts out with a heavier emphasis on growth-oriented investments and shifts toward less risky, fixed-income vehicles as the beneficiary approaches college age. While a 529 plan clearly offers some benefits, it also raises some issues of which you should be aware. For example, when colleges compute financial aid packages, they may count assets in a 529 plan as parental assets, assuming the parents are the plan owners. To clarify the impact of 529 plans on potential financial aid awards, you might want to consult with a college’s financial aid officer. One final note: In previous years, 529 plans were limited to eligible colleges, universities and trade schools, but starting in 2018, you can also use up to $10,000 per year, per beneficiary, from a 529 plan to pay for tuition expenses at public, private or religious elementary and secondary schools. Education is a great investment in a child’s future. And to make that education more affordable, you might want to make your own investment in a 529 plan. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
IF YOU’RE NOT AT YOUR LAST JOB, YOUR 401(k) SHOULDN’T BE EITHER.
To see why it makes sense to roll your 401(k) to Edward Jones, call today.
Tommy Howard
Financial Advisor .
14309 Cantrell Road Suite 4 Little Rock, AR 72223 501-224-7699
www.edwardjones.com
Member SIPC
Public Employees Claims Div. v. Clark, 2018 Ark. App. 215 (March 28, 2018) This appeal comes from the Carroll County Circuit Court, Honorable Scott Jackson presiding. This case concerns whether an entity paying workers’ compensation benefits to a public employee is limited in its right to recover subrogation by the “make whole” doctrine. In 2010, appellee Gary Clark was seriously injured while working as a veterinary livestock inspector for the Arkansas Livestock and Poultry Commission (“Commission”). Clark was paid workers’-compensation benefits for his injuries. In 2013, Clark filed a negligence suit against North Arkansas Livestock Auction, Inc. (NALA), the entity responsible for the facility where he was working when injured. The Public Employee Claims Division (PECD), which paid workers’ compensation benefits to Clark, subsequently intervened alleging that as the workers’compensation-claims administrator for the Commission, it had paid benefits to Clark and was entitled by statute to an absolute lien against two-thirds of the net proceeds of any settlement or judgment in Clark’s favor on his complaint against NALA. Clark’s case against NALA was ultimately settled for $325,000. Clark’s attorney subsequently deposited $75,000 into the registry of the court. A “post settlement hearing” between Clark and PECD was held in May 2016. In describing the issue before the court, Clark’s attorney stated that “at the time we settled this case we deposited into the registry of the court $75,000, and of course they are trying to establish a lien on that amount. We are trying to establish that he will not be made whole, even by receiving that money.” PECD introduced evidence at the hearing showing that Clark had received more than $66,000 in benefits for temporary total disability and permanent partial
disability and that more than $154,000 in medical expenses had been paid on his behalf but that his claim was still open and that PECD continued to pay for medical treatment. Clark agreed that he had received these benefits but noted that he did not receive his full wages while off work. Clark testified that he agreed to settle his case against NALA for $325,000; he said that $100,000 of this sum went to attorneys’ fees, $10,000 went to costs, $75,000 was deposited into the registry of the court, and he received the balance. Although Clark had eventually returned to work full time after his injury, he testified that he still suffered from pain and mental anguish. PECD calculated that $126,666.67 should have been available for statutory subrogation. Because more than $220,000 had been paid to Clark or on Clark’s behalf in his workers’-compensation claim, PECD argued that it was entitled to receive the entire balance available for subrogation. Clark argued that PECD could not recover anything because he had not been made whole by the settlement and workers’compensation payments he had received. PECD contended that its entitlement to a lien was absolute under the statute and that the made-whole doctrine did not apply. Arkansas Code Ann. § 21-5-605(f )(3)(B) provides that in the event of a public employee’s tort action against a third party, “the rights of the public employer … to amounts received from the third party by the injured public employee, or his or her dependents, as a result of either settlement with or judgment against the third party shall be absolute.” The circuit court took the matter under advisement and subsequently entered an order finding that PECD was entitled to receive two-thirds of the $75,000 in deposited funds after payment of costs of collection and calculated this amount to
– CORRECTION – The Rock Region METRO piece that ran on May 14, 2018, in the Daily Record incorrectly stated that the most recent FTA Bus and Bus Facilities grant will pay for 20 CNG buses. The correct amount is seven, which brings the total number of CNG buses to 29 in 2020. Also, Arkansas Children’s Hospital is served by Route 5 rather than Route 3.
be $23,345. PECD appealed from this determination arguing that the statute provides that the right to recover subrogation from a public employee is absolute and not subject to the make-whole doctrine. According to PECD, the proper calculation should have started with the settlement amount of $325,000 and deducting $100,000 for attorneys’ fees and $10,000 for costs of collection leaving a net amount of $215,000. One-third of that amount, $71,666.66, should have been awarded to Clark, and the remaining two-thirds, or $143,333.34, should have been available for subrogation. PECD argued that, because more than $220,000 in workers’compensation benefits were expended on Clark’s claim, it was entitled to receive the total balance available for subrogation which would be calculated as two-thirds of $215,000 or $143,333.34. However, instead of finding that PECD was entitled to up to two-thirds of “the net proceeds recovered in the action” as provided in the statute, the circuit court found that PECD was entitled only to two-thirds of “the deposited funds.” Thus, the circuit court calculated PECD’s award from $75,000 as opposed to the entire settlement amount of $325,000. Clark contends that this was proper because there was an agreement by PECD to limit its recovery to a portion of $75,000. The Court of Appeals, however, noted that, although the $75,000 deposit was referenced by Clark at the hearing and in the circuit court’s order, the record contained no reference to such an agreement by PECD. Moreover, in the discussion of the alleged agreement in his brief, Clark made no reference to anything in the abstract or addendum supporting this contention, and PECD was simply silent on the alleged agreement. On the other hand, as acknowledged by Clark, PECD had submitted into evidence its calculations based on the entire amount of the settlement proceeds. Additionally, while Clark noted below that the amounts PECD listed for attorneys’ fees and costs needed to be adjusted, he failed to assert that PECD had agreed to be limited to a portion of the $75,000. Thus, although the parties and the circuit court acknowledged that only $75,000 was deposited with the court, there was no reason on the record that PECD’s recovery should be limited to an amount calculated from the deposited sum as opposed to the entire settlement of $325,000. Given the language in the statute, the Court of Appeals reversed the circuit court’s order and remanded the case for further proceedings consistent with this opinion. v
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Money&MarketsExtra Money&MarketsExtra Money&MarketsExtra
National Averages, Friday: National Averages, Friday: National Averages, Friday:
erages, Friday:
Money Market Account 0.43% Money Market Account 0.43% Money Market Account 0.43%
Money Market Account 0.31%
1-year CD 0.93% 1-year CD 0.93% 1-year CD 0.93%
1-year CD 0.80%
5-year CD 1.68% 5-year CD 1.68% 5-year CD 1.68%
5-year CD 1.46%
60-month new car loan 4.36% 60-month new car loan 4.36% 60-month new car loan 4.36%
$30K home equity loan 6.12% $30K home equity loan 6.12% $30K home equity loan 6.12%
60-month new car loan 3.32%
30-year fixed mortgage 4.42% 30-year fixed mortgage 4.42% 30-year fixed mortgage 4.42%
$30K home equity loan 5.35%
Quenching a thirst? Investing in water-related funds Quenching a thirst? Investing in water-related funds
OfMutual OfMutual Interest Interest OfMutual AsInterest natural resources go, oil tends to get more
30-year fixed mortga
By Alex Veiga By Alex Veiga Alex Veiga Their investment rationale centers on the growth in put off thanks partly to residents consuming water atBy restricted As natural resources go, oil tends to get more Their investment rationale centers on the growth in put off thanks partly to residents consuming water at restricted attention from investors than clean drinking water, the need to update the infrastructure used to treat and levels. As naturalfrom resources go,than oil tends get more Their investment centers on the to growth in put off thanks partly to residents consuming water at restricted attention investors cleantodrinking water, the need to updaterationale the infrastructure used treat and levels. even against the backdrop of headline-grabbing transport clean water. The idea being that as Closer to home, in Flint, Michigan, thousands of home water attention fromthe investors than drinking water, the need toclean update the infrastructure used levels. even against backdrop of clean headline-grabbing transport water. The idea being thattoastreat and Closer to home, in Flint, Michigan, thousands of home water shortages in Flint, Michigan, South Africa and demand for water grows along with the population, lines are still being replaced following revelations in 2015 that the By Sta even against the backdrop headline-grabbing transport water. The along idea being thatpopulation, as Closer to home, in Flint, Michigan, water shortages in Flint, Michigan,ofSouth Africa and demandclean for water grows with the lines are still being replaced following thousands revelationsof inhome 2015 that the elsewhere. so will the need for new infrastructure and upkeep on city’s water system was contaminated with lead due to a lack of shortages in Flint, Michigan, South Africa and demand for water grows along with the population, lines are still being replaced following revelations in 2015 that the elsewhere. so will the need for new infrastructure and upkeep on city’s water system was contaminated with lead due to a lack of But a few funds are showing that investing in water systems. treatment. will small the need for new infrastructure water system was contaminated lead dueso to aoverdone lack of onth is in theelsewhere. books forfunds the are Federal Reserve’s tososystems. the interest payments and upkeep on city’s “Thewith Fed has it for so m better compared But a few showing that investing in water treatment. utilities and water infrastructure and technology “What we try to do is focus on essential assets, and from A 2015 assessment by the Environmental Protection Agency But aand fewwater fundsinfrastructure are its showing that technology investing in water treatment. utilities and “Whatsystems. we try could to do ischange focus on essential assets, and from A 2015 assessment by the years, Environmental Protection Agency process of pulling the plug on bond-purchase from bonds. Higher rates that, they’ve taken monetary policy so companies can pay off, especially for long-term our standpoint there’s really not a much more essential estimated that $472.6 billion was needed to upgrade the nation’s utilities and can water infrastructure and we trythere’s to do isreally focusnot on aessential assets, and from A 2015 that assessment by thewas Environmental Protection companies pay off, especially fortechnology long-term our“What standpoint much more essential estimated $472.6 billion needed to upgrade theAgency nation’s investors looking to diversify their portfolio. asset than water,” said Matt Weglarz, portfolio manager public water infrastructure system. That includes the cost to fix or nd markets investors took things in tostride. and it would also leave bond fund investors bounds, that they may have to tighten fo companies can pay off, especially for long-term ourasset standpoint there’ssaid really notWeglarz, a much more essential estimated that $472.6 billion was needed to upgrade the nation’s looking diversify their portfolio. than water,” Matt portfolio manager public water infrastructure system. That includes the cost to fix or Several exchange-traded funds invest in at Tortoise Index Solutions. “And are really upgrade thousands of miles ofbefore pipe, thousands of back treatment plants assive undertaking for the to Fed, whose investment with losses on what are to be thepeople they get said Jim investors looking diversify their portfolio. asset than supposed water,” Matt Weglarz, portfolio manager public water infrastructure system. includes costinbounds,” to fix or Several exchange-traded funds invest in at Tortoise Index said Solutions. “And people are really upgrade thousands of miles of pipe,That thousands ofthe treatment plants water-related stocks, including PowerShares starting to realize we have a global water problem on and other key components of the nation’s water system. Several exchange-traded funds invest in atstarting Tortoise Solutions. people areproblem really on upgrade of milesofofthe pipe, thousands treatment plants water-related stocks, including PowerShares toIndex realize we have “And a global water and otherthousands key components nation’s waterof system. welled to nearly $4.5 trillion. Economists credit the safe parts of their portfolios. Paulsen, chief investment strategist at th Water Resources ETF (PHO), First Trust ISE our hands.” “It’s been well laid out to us that whether it’s through news water-related stocks, including PowerShares starting to realize have a global problem on and“It’s other keywell components water system.news Water Resources ETF (PHO), First Trust ourreasons hands.” been laid out to of usthe thatnation’s whether it’s through th helping push funds to Tortoise returns ofISE more Here are several whywethat analysts saywater Leuthold Group. WaterU.S. Indexstock Fund (FIW) and Water Weglarz notes global water demand is about water scarcity or news about the demand for water or need Resources (PHO), First Trust ISE our Weglarz hands.” notes that global water demand is “It’swater been scarcity well laidor out to usabout that whether it’s through news Water Index Fund ETF (FIW) and Tortoise Water about news the demand for water or need expected to grow by more than 50 percent over the around improving our water infrastructure, those are all reasons ercent sinceFund the (TBLU). spring of 2009. the market has been so calm about the Fed’s — Other central banks are still pump Water Index Fund (FIW) and Tortoise Water Weglarz global water demandover is the about scarcity newsinfrastructure, about the demand or need Fund (TBLU). expected tonotes grow that by more than 50 percent aroundwater improving ourorwater thosefor arewater all reasons Each holds shares in U.S. water utilities, such next 30 years. that you would want to be in a clean water portfolio of companies ast, even theFund hint ofholds a slowdown in bond purchases balance-sheet moves so stimulus into global economy. (TBLU). expected to grow by more than 50 percent over the around ourtowater areofthe allcompanies reasons Each shares in U.S. water utilities, such next 30 far: years. that youimproving would want be in infrastructure, aof clean water those portfolio as American Water Works, infrastructure The need for access to clean water has grabbed that are addressing any one of those areas,” said Dave Fanger, Each holdsWater shares incaused U.S. water utilities,rates such to next 30need years. that are you addressing would wantany to be in a clean portfolio of Bank companies as American Works, infrastructure The for access the to clean water has grabbed one ofEuropean thosewater areas,” said Dave Fanger, ors into a “taper tantrum” and interest — Since the 2013 “taper tantrum,” Central buys 60 billion e companies like Aegion Corp. and technology international headlines this year after a severe CEO of Swell Investing, which operates a managed portfolio of as Americanlike Water Works, infrastructure The needheadlines for access toyear cleanafter has grabbed that addressing any one of operates those areas,” said Dave Fanger, companies Aegion Corp. and technology international this a severe CEOare of Swell Investing, which a managed portfolio of he stock market calmly more records in October, as central bank has gone to great towater companies like set Xylem, a supplier of energy-saving drought hit Cape Town lengths and other parts of South Africa, water-focused companies. bonds each month, though it plans to re Corp. and of technology international yearparts afterofaSouth severeAfrica, CEO of Swell Investing, which operates a managed portfolio of companies like Aegion Xylem, a supplier energy-saving drought hit Capeheadlines Town andthis other water-focused companies. pumps and controls hot water systems. prompting leaders there to warn that the city of 4 million Weglarz seespurchases opportunity fortoinvestors to capitalize $10 billion of Treasurys andfor mortgage-backed telegraph its moves. With President Trump tapping Jerome “Jay” those 30 billion euros on in clean January. The Ban companies Xylem, ahot supplier energy-saving drought hit Cape Town and other parts ofofSouth Africa, water-focused companies. pumps and like controls for water of systems. prompting leaders there to warn that the city 4 million Weglarz sees opportunity for investors to capitalize on clean The three ETFs are all up around 15 percent over the would have to close most water taps sometime this year. water infrastructure and technology spending for years to come beprompting the chair ofwater the Fed,that economists expect this towater Japan is and buying government bonds and other assets to n its portfoliopumps mature reinvesting the cash. over Thethe Powell to and without controls for hotup water systems. leaders there to warn the citythis of year. 4 million Weglarz sees opportunity for investors to capitalize The three ETFs are all around 15 percent would havenext to close most taps sometime infrastructure technology spending for yearson to clean come past 12 months. By comparison, the S&P 500 is up about 13 The so-called “Day Zero” when the taps are supposed to be because of the need to upgrade and maintain water systems The three ETFs all upend around 15 percent the 13continue. would to close water taps this year. tointerest water infrastructure technology years to come past 12 months. Byare comparison, the S&P 500 is over up about Thehave so-called Zero” when thesometime tapsabout are supposed be because of the needand to upgrade andspending maintain for water systems They say he“Day ismost less aggressive its economy. se to $50 billion per the of next year. percent in month the sameby period. shut off was supposed to happen last month. It hasraising since been across the U.S. past 12 months. By comparison, the S&P 500 is up about 13 The “Day Zero” whenlast the month. taps areIt supposed to be because ofU.S. the need to upgrade and maintain water systems AP percent in the same period. shut offso-called was supposed to happen has since been across the rates than other candidates and should stick with the current So, what could upset the market? Inflation d market was more exciting than the stock market. The AP pressures m percent in the same period. shut off was supposed to happen last month. It has since been across the U.S.
ual est
After the Fed’s great unwind begins, the stock market yawns
Chair Janet Yellen’s plans, reducing the Fed’s balance sheet and e 10-year Treasury reached its highest level since gradually raising short-term interest rates. he economy got stronger and investors waited for — The economy is better able to stand on its own and other Donald Trump’s choice for the next Fed chair. economies around the world are hitting a higher gear. It’s a iding on whether markets can remain calm. If rates rise much different picture than when the Fed was buying bonds expected, say as a result of a burst of inflation, How to set up an “oh crap” fund following the crap” Great fund Recession and the cumulative effect of all uld get upset. How to set up an “oh How to set up an “oh crap” fund The emergency fund is a bust. Automate it, ifmeans you can. Those withconditions regular that aid for2the economy are still n rates would make stocks less The emergency fundattractive. is a bust. While stocks Automate it, if you can.financial Those with regular Millions of Americans don’t have one, and some of those paychecks and bank accounts can set up automatic 2 easy. ally expensive based on of company they look TheMillions emergency fund is profits, adon’t bust.have Automate it, if you Thosecan with regular Americans one, and some of relatively those paychecks and bankcan. accounts set up automatic
Break in case of emergency Break in case of emergency 2
who do resist tapping into what they’ve saved. NerdWallet transfers, so $10 or $20 or whatever amount you like gets Millions of Americans one,saved. and some of those paychecks and bank accounts amount can set you up automatic who do resist tapping intodon’t whathave they’ve NerdWallet transfers, so $10 or $20 or whatever like gets columnist and certified financial planner Liz Weston swept into a savings account each pay period. Or you can who do resist what they’ve NerdWallet transfers, $10 or $20 or whatever amount you columnist andtapping certifiedinto financial plannersaved. Liz Weston swept intoso a savings account each pay period. Orlike yougets can suggests an alternative: the “oh crap!” fund. use technology that automatically rounds up your purchases columnist an andalternative: certified financial Liz Weston swept into a savings account eachrounds pay period. Or purchases you can suggests the “oh planner crap!” fund. use technology that automatically up your It is designed to be spent, to the nearest dollar and deposits suggests an alternative: the “oh crap!” fund. use technology that automatically rounds dollar up your purchases It is designed to be spent, to the nearest and deposits not hoarded. These accounts the money in savings. Bank of is designed to be spent, to the nearest dollar and deposits notIthoarded. These accounts the money in savings. Bank of are for those moments that America’s Keep the Change debit not hoarded. accounts the moneyKeep in savings. Bank of are for those These moments that America’s the Change debit elicit the same reaction, such card and Chime, a mobile bank are for America’s Keep the Change debit elicit thethose samemoments reaction,that such card and Chime, a mobile bank as the no-parking sign you account, both offer this option. elicit same reaction, such card and both Chime, a mobile bank as thethe no-parking sign you account, offer this option. didn’t see or the smart phone as thesee no-parking sign you account, both offer this option. didn’t or the smart phone dropped in a toilet. A relatively If you can’t automate, didn’t seeinora the smart phone dropped toilet. A relatively If you can’t automate, small amount in such a fund make a rule. Decide to put dropped in a toilet. A relatively If you acan’t small amount in such a fund make rule.automate, Decide to put can keep people from turning aside a set dollar amount or cheaper options. Store layaway, subprime credit nsumers in a tight spot or with little credit history might smallkeep amount in such fund a rule. Decidecards can people from aturning aside make a set dollar amount orto put and to expensive credit cards or percentage from every check or can keep people from turning aside a set dollar amount to expensive credit cards or percentage from every check bad-credit personal loans all other giveincome you time to payorofforthe hemselves drawn to the rent-to-own option for payday loans. you receive. to expensive credit cards or percentage from every check or payday loans. other income you receive. purchase at much lower rates. cket items, but it pays tohow think twice. Here’s to start: Examples: “I’ll save $10 from payday loans. other income receive. Here’s how to start: Examples: “I’llyou save $10 from every paycheck and 10 percent u’ve probably seenHere’s the pitch how tobefore start: — get Examples: “I’ll save from every paycheck and$10 10 percent Set up a dedicated of any windfalls.” Before you sign -name furniture, appliances and electronics for as little a contract The Federal Trade every and 10 percent Set up a dedicated of anypaycheck windfalls.” account. Consider using Set up a dedicated of any windfalls.” account. Consider using 9.99 a week. The Commission suggests asking an compaonline bank, since most Don’t stop. Once you’re in account. using an online bank, Consider since most Don’t stop. Once you’rebefore in out low prices, no hassles some of don’t have minimum balance thethese habit ofquestions saving, keep an online sincebalance most Don’t stop. Once you’re don’t havebank, minimum the habit of saving, keep in requirements or account fees going. Your next goal can be nstant gratification tohave minimum deciding to rent-to-own: don’t balance habit ofgoal saving, requirements or account fees going.the Your next cankeep be and they’ll let you name the $2,000, which is the median cost strapped consumers. How much my payments? requirements or account fees going. Your next goal can be cost and they’ll let you name the $2,000, which are is the median account almost anything you’d of the largest financial shock and they’ll let you name the $2,000, which is the median cost account almost anything you’d of the largest financial shock re are a few things to set a modest goal to When are they due? like. And experienced by households account anything you’d of the largestby financial shock like. Andalmost set a modest goal to experienced households get it up: started, even just a few hundred dollars. studied by the Pew Charitable Trusts. After that,are you can der before you sign What other fees charged? like. set aeven modest experienced by households get itAnd started, justgoal a fewtohundred dollars. studied by the Pew Charitable Trusts. After that, you can “The power of just a few hundred dollars of savings can shoot for the traditional emergency fund recommendation of What happens if I miss get“The it started, just a few hundred dollars. studied thetraditional Pew Charitable Trusts. After that, you can aof powereven of just a few hundred dollars of savings can shoot forbythe emergency fund recommendation really help reduce the use of short-term, high-cost lending,” building a fund equal to three months’ worth of expenses. “The power of just fewofhundred dollars of savings can shoot forathe traditional fund recommendation How it works You usually payment? really help reduce theause short-term, high-cost lending,” building fund equal to emergency three months’ worth of expenses. of says John Thompson, chief program officer for the Center for Even as you do, though, you may still want to keep a really help reduce the use of short-term, high-cost lending,” building a fund equal to three months’ worth of to expenses. says John Thompson, chief program officer for the Center for Even as you do, though, you may still want keep a make paymentsFinancial for a fixed Services Innovation, a nonprofit that promotes separate fund for those everyday mishaps. Because crap says JohnServices Thompson, chief program officer forpromotes the Center for Even as youfor do, though, you may still want to keepcrap a Financial Innovation, a nonprofit that separate fund those everyday mishaps. Because financial health. happens. uctory period, which can be Once you sign a Financialhealth. Services Innovation, a nonprofit that promotes separate fund for those everyday mishaps. Because crap financial happens. months. After that, youhealth. contract There are financial This article was provided to The Associated Presshappens. by the personal finance website NerdWallet.
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three options: you can buy em outright, continue making ents until you own it or n the item to end your lease. InsiderQ&A you stop making payments InsiderQ&A behind, the company InsiderQ&Ayou asing it from can repossess bject. You don’t have the o get your money back.
This article was provided to The Associated Press by the personal finance website NerdWallet. several ways This article was provided to The Associated Press by the personal finance website NerdWallet.
AP
AP rising. With the economy in a healthier position, additiona stimulus such as tax cuts could heat up the economy eve Wireless&Cashless Wireless&Cashless and cause prices jump. If that were to happen, the Fed By MaetoAnderson Wireless&Cashless By Mae Anderson find itself forced to raise interest rates more quickly than e By Mae Anderson “I think the market is underpricing the potential for infla going higher,” said Schroders investment strategist Jon M “We could have a shot to the system, and if that happens equity market would have to take a breather.”
Primed for Primed for Primed for aa price hike price hike a price hike
Wireless&Cashless By Barbara Ortutay
Why is Amazon raising the same-day delivery. Why is Amazon raising the same-day delivery. price of its Prime loyalty The news came just after Why is same-day delivery. price ofAmazon its Primeraising loyaltythe The news came just after program by $20 to $119 a CEO Jeff Bezos revealed price of its The news came just after program byPrime $20 toloyalty $119 a CEO Jeff Bezos revealed year? there are more than 100 program by $20 to $119 a CEO Jeff Bezosthan revealed year? there are more 100 Because it can. It also million Amazon Prime year? there are more than 100 Because it can. It also million Amazon Prime needs to, given how much members. Assuming most of Because it can. It much also million Amazon Primemost of needs to, given how members. Assuming money it is pouring into them stay on, Amazon needs to, howinto much members. Assuming most of money it isgiven pouring them stay on, Amazon Prime services such as stands to reap about $2 moneyservices it is pouring them stay on, Amazon Prime suchinto as stands to reap about $2 exclusive TV shows and billion more a year from the Prime services such and as standsmore to reap about $2 the exclusive TV shows billion a year from same-day delivery. price hike. exclusive TV shows and billionhike. more a year from the same-day delivery. price It’s only the second time Cowen analyst John same-day price hike. analyst John It’s only delivery. the second time Cowen Amazon has raised the Blackledge said that despite It’s only theraised second Cowen analyst John Amazon has thetime Blackledge said that despite membership fee. It went up the increase, Prime is still the Amazon has fee. raised the up Blackledge said thatisdespite membership It went the increase, Prime still the from $79 to $99 four years “best deal in retail.” He membership fee.four It went up the increase, Prime He is still the from $79 to $99 years “best deal in retail.” ago. Since then, the number estimates the value at $400 from Since $79 tothen, $99 four years “best deal the in retail.” ago. the number estimates value He at $400 of products available for free a year, based on what you ago. Since then, the number estimates the value at $400 of products available for free a year, based on what you two-day delivery – the would pay for comparable of products available a year,pay based on what you two-day delivery – thefor free would for comparable marquee offering of the services, from free shipping two-day delivery would payfrom for comparable marquee offering–ofthe the services, free shipping service – has increased to streaming video, with marquee of the services, fromvideo, free shipping service – offering has increased to streaming with fivefold, according to competitors. service has increased to streaming video, with fivefold,–according to already lets competitors. tapping Facebook you Amazon. The company also The price increases startthe item of inte fivefold, according to also competitors. Amazon. The company The price increases start has expanded itsshows, streaming May for new signups Butand not everyone w watch orderin food, chat Amazon. The company also The for price increases has expanded its streaming in May new signupsstart and programming and delivery June for existing members’ buy aand car from a rand withand friends and buy has expanded its streaming in other Mayforforexisting new signups programming delivery June members’ options like one-day or renewals. programming and delivery June for existing members’ options like one-day or renewals. personAP on the interne people’s castoffs. AP options like one-day or renewals.
Cars, come get you cars! (On Facebook where else?)
you can protectAP yourself if you've signed a AP with theAPability to chec Now, Facebook is adding rent-to-own contract. someone’s profile to, more used cars to the mix, Keep your payment records. Health insurers are moving beyond medical focus recently with The Associated Press. refrigerated, you’re not goingletting to be able to of everysell dollar of health care in the Unitedguard again hopefully, dealerships cars Health aretomoving medical focus recently with The Associated Press. refrigerated, you’re to be able to of everytoday. dollarYou of health in the United States look atcare something like claims. insurers They want know ifbeyond you have a stay compliant with not yourgoing medication. Some major rental companies States look atcare something like claims. They want know have a stay compliant with not yourgoing medication. scams. directly thetoday. company’s Health insurers areto moving medical focus recentlyline withhas Thenothing Associated Press. refrigerated, you’re to be ablethrough to of every dollar of health in the United Medicare andYou you see that there’s ride to the doctor’s office orifbeyond ifyou you’re eating Your phone to do with Medicare and you see that there’s ride to the doctor’s office or if you’re eating Your phone line has nothing to do with States today. You look at something like claims. They want to know if you have a stay compliant with your medication. haven’t somewhereUntil between 10,000 and 11,000 right too. covering medical bills.credited How do youpayments Does employing former Medicaid Enter Facebook’s Marketplace service. somewhere between 10,000 andare 11,000 right too. covering medical bills. How do Does employing former Medicaid Medicare and you see that there’s ride doctor’s office or ifhealthy you’re eating Your phone line has nothing to you do with people in the United States that It’sto athe push to keep people and explain the return on this? recipients make it easier to help people? properly. partnership with auto only individuals could sell United States It’stoo. a medical push to keep people healthy Health and explain the return on this? recipients make tonow, help somewhere between 10,000 andare 11,000 right covering medical How do you Does employing Medicaid turning in 65the every single day. that That’s pretty control spending. WellCare It has everything tobills. do with helping to They have a levelitformer ofeasier empathy and people? people Pay onmembers, time. toMissing a have amake turning 65the every single day.such That’s pretty control medical spending. WellCare It has everything to of doour with helping They level empathy and people? people in United States that areas It’s ahas push to keep people healthy and explain the on this? recipients easier help Edmunds and old vehicles. compelling. Plans been traveling this path forHealth improve the return health which understanding thatitofmakes ittotheir easier for the compelling. Plans been spending. traveling this path forHealth improve the what health of members, understanding thatofmakes easier the turning 65 every single day. That’s pretty control medical WellCare It everything to doour with helping towhich They have a level empathy and for years. has is has ultimately states and the federal callerday, to share something. Ifit they’re very payment, even by a single Cars.com. The compa And why not? After all, the years. is ultimately what states and the federal caller to share something. If they’re very compelling. Plans has been traveling this path for improve the health of our members, which understanding that makes it easier for the Does this mean the government will The Medicaid and Medicare Advantage government are paying us to do. For our candid about the things that are proving to can trigger a deluge of calls from rental companies. The Does this mean the government will The Medicaid and Medicare Advantage government are paying us to do. For our candid about the things that are proving to years. is ultimately what states and the federal caller to share something. If they’re very more things you can do on eventually pay entirely for also healthmade care, it easier to coverage provider started a toll-free phone population, one of the more significant be barriers to them keeping their doctor’s eventually pay entirely for healthwill care, coverage provider started a toll-free phone youpopulation, one of the aggressive more significant be barriers to the them keeping doctor’sto Does this mean the government The Medicaid and Medicare Advantage government are paying us do. best For our candid about things that their are that’s proving You may have cheaper options Rent-to-own further behind get, the more the companies instead of 50 percent? line in may 2014 to connect callers with social barriers to them gaining thetovery visit or taking their medications, cars by filtering listing Facebook, theinstead moreoftime 50 percent? line in 2014 toprograms connect callers with social barriers tothemselves them gaining theoften very best visit or the taking medications, that’s eventually pay entirely forahealth care, coverage provider started a help toll-free phone population, one of the and more significant be barriers to their them keeping their doctor’s It is hard for me to envision world where services and that with things health for for their where gold is. It allows us to use this seem cheap, but in practice it is a very expensive become. It is hard for me to envision a world where services and programs that help with things health for themselves and often for their where the gold is. It allows us to use this instead of 50 percent? line in 2014 to connect callers with social barriers to them gaining the very best visit or taking their medications, that’s year, model, mileage you’ll spend there. that 50 cents on the dollar goes to every like food, housing or transportation families are ... what we call these social databank of valuable information to help ... that 50Itcents on to theenvision dollar goes every like food, housing or transportation families are ... what we calloften these databank of valuable information to help It is hard a world where services and that with things health for and forsocial theirlack where gold is. It allows us to use this ... of lending, akin to payday loans or car title loans. 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Itgovernments isUsers a burden for theit’sFacebook won problems. insurer built a database ofof determinants. It’s food insecurities. It’s lack close company a gap for them. governments to taketoo on. Right now, its call-takers used to be homeless or on transportation. Your focuses on Medicaid and ercent. ask you tosome option” on yourYour governments tointended. take on. now,at it’scars – did you its call-takers used befederally homeless or pay on of thetransportation. company focuses onbuy Medicaid federal governments andRight thestop state more than the 160,000 programs, andfunded of “early access topurchase stable housing, stable utilities, Kenneth Burdick taxing,stuff no pun Medicaid, state to and Medicare Advantage, which covers andand sell used easily. Kenneth Burdick taxing, no puntointended. Medicaid, the state to and Medicare Advantage, which covers governments take on. Right now, it’s its call-takers used befederally homeless orhave on savvy transportation. Your company onWhy Medicaid and CEO program for people who are poor funded orBut How do utility problems affectthem health?down people aged 65focuses and over. is en if you have a troubled credit history or can’t pay the contract. consumers can talk to half they would? It’s also t Selling justnosnapping CEO Kenneth program people who federally are poor funded or have How utilityare problems affect health? people aged 65 and over. Why is involves taxing, pun intended. Medicaid,for the state and Medicare Advantage, which covers WellCareBurdick Health Plans If yourdo utilities shut off and you are a government business attractive? Interviewed by Tom Murphy. urchase priceWellCare for something you want, there disabilities. can be of that amount paid over multiple months. Health Plans CEO disabilities. If your utilities are shut off and you are a government business attractive? Interviewed by Tom Murphy. program for people who are poor or have How do utility problems affect health? people aged 65 and over. Why is a photo and setting a price, jobs, CEO Kenneth Burdick, 59, discussed this diabetic that has to have your insulin The government is paying about 50 cents Answers edited for clarity and length.event tickets and
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