The markets are entering a “dead period”—the Fed won’t meet again until September; U.S. legislators on one of their extended breaks; Europeans go on vacation en masse; and Americans squeeze in their last vacations before school gets underway.  With it goes lower trading volume, but does this quiet period reduce the risk of a market pullback in 2014?  Schwab’s Chief Investment Officer Liz Ann Sonders and her team analyze the situation.  If you’re looking for a handy checklist for retirement planning for age 50 and beyond, a Forbes columnist creates a timeline from information available from three federal agencies.  Another fascinating concept that caught our eye this week is the results of a new study on variables predicting your financial health—its conclusion: your approach to time is a strong predictor of your financial health.

Schwab Market Perspective:  Summer Void.  The investment team at Charles Schwab, led by Liz Ann Sonders present an economic outlook that explains why they continue to believe stocks will move higher over the intermediate and longer term.  The short term risk of a near-term pullback has gone up.

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A timeline for retirement planning starting at age 50.  Three federal agencies have put together a toolkit to help Americans 10-15 years from retirement to get their bearings.  A Forbes columnist combines information from all the sources to create a basic timeline.  She adds some additional commentary “to supercharge your retirement health care nest egg and where to go for the best Social Security claiming strategy advice.”

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Your financial health depends on your approach to time and not your financial literacy. A study released in July revealed why some people make poor financial decisions while others make sound ones. One key finding in the Time Personality & Financial Health study: A person’s time personality—meaning whether they are stuck in the past, living hedonistically in the present or focused solely on the future—is a better predictor of financial health than their mathematical ability or financial acumen. Which are you?  Armed with this self-knowledge, a few tips can help you make better financial decisions. Registration required.

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J. Mark Nickell &  Co.

Disclosure – The articles mentioned in This Week with J. Mark Nickell & Co. 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 J. Mark Nickell & Co. website. The opinions expressed in these articles are the opinions of the author and not J. Mark Nickell & Co. This is not an offer to buy or sell any security.  J. Mark Nickell & Co. 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.