Economic Outlook - The Fed raised the funds rate on September 20th by 25 basis points to 3.75% and the bond market cheered loudly. This was the 11th straight rate hike since June of 2004 and odds favor at least one more upward move this year. While inflation is almost completely isolated in the energy and housing sectors, with the rest of the economy well contained, the Fed argues that housing and oil are serious threats going forward.
Full Senate to Consider Pension Reform
Tuesday, October 2, negotiators in the Senate reached agreement on a compromise pension bill that will likely be considered in the immediate future by the full Senate. If passed, as expected, the legislative focus will move to the House of Representatives, which is anticipated to act later this year.
How Severance Pay Affects Two Common Benefits
Severance plans vary from employer to employer. Some companies may not offer severance pay at all, while others may offer a comprehensive benefits package. Because the law doesn't require severance pay, confusion can arise when determining the appropriate plan for your organization.
FSAs Allow Over-the-Counter Drug Reimbursements
Flexible spending accounts (FSAs) allow employees to set aside a designated amount of pre-tax money each year that they can withdraw to pay medical expenses not covered by insurance, such as doctor co-payments, deductibles, prescription drugs, eye exams, chiropractor visits and dental work. Many people don't know that over-the-counter drugs are also included on this list.
Inside the Byline - Learn about our leading investment industry contributors Clark Reed and John Blair.
For more information, contact Ross Freedman or visit www.kaedingco.com.
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