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Presented by MidAmerica Financial Resources. You can reach them at 618.548.4777 or greg.malan@lpl.com or on the web at www.mid-america.us

 

Drone Attacks Disrupt Saudi Oil Output

Drone Attacks Disrupt Saudi Oil Output
What does this mean for the global oil market, and U.S. consumers?

Provided by MidAmerica Financial Resources

 

Strikes hit Saudi oil fields. A coordinated series of drone strikes on Saturday morning set off explosions at two of the world’s biggest oil producing facilities in Saudi Arabia.1

 

Oil prices spiked during Monday’s trading session. Brent crude futures, the international benchmark, surged a staggering 19.5% at the open of trading.2 Prices eased as the trading session progressed, however.

 

The Wall Street Journal says the damage from the strikes threatens to set back world oil output by about 5%. Saudi officials believe it will be weeks before these oil fields can resume producing at full capacity.1

 

Higher prices at the pump? Any disruption in global oil supply has the potential to impact U.S. drivers. The Oil Price Information Service told USA TODAY that an oil price increase of $5-10 per barrel could mean a price hike of $0.10-0.24 per gallon for gas, diesel, and jet fuel.3

 

Tensions are elevated. We’re keeping a close eye on the markets and watching for any shifts that may call for a change in our overall economic outlook. We consult industry professionals on what may happen next, and work tirelessly to stay atop of the situation. If you have any questions, don’t hesitate to call. We’re happy to share any information we have.

 

MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.

 

Citations.

1 – marketwatch.com/story/why-the-saudi-oil-attack-is-a-big-deal-that-could-be-a-game-changer-in-stock-markets-and-crude-prices-2019-09-15 [9/15/19]

2 – cnbc.com/2019/09/15/us-crude-oil-jumps-15percent-after-drone-strikes-disrupt-saudi-crude-production.html [9/15/19]

3 – tinyurl.com/y2wqa42p [9/16/19]

Retirement Wellness

Retirement Wellness
Staying healthy could save you some money.

Provided by MidAmerica Financial Resources

 

How healthy a retirement do you think you will have? If you can stay active as a senior and curb or avoid certain habits, you could potentially reduce one type of retirement expense.

 

Each year, Fidelity Investments presents an analysis of retiree health care costs. In 2019, Fidelity projected that the average 65-year-old couple would spend around $285,000 on health care during retirement, including about $11,000 in the first year. Both projections took Medicare benefits into account.1,2

 

Could healthy behaviors help you save retirement dollars? Maybe. From another point of view, ceasing unhealthy habits certainly could. For example, the average pack of cigarettes now costs $6.28, according to the Centers for Disease Control. That adds up to $2,292 annually. A decade of pack-a-day smoking therefore projects to $22,920 in expenses (and that does not even consider inflation or the possibility of new state or local cigarette taxes). If you could invest $2,292 a year for 20 years and realize a 7% annual return on that money, your sustained investment could grow to more than $100,000.

 

Think about joining a senior wellness program. Some communities offer classes developed through the National Council on Aging’s Center for Healthy Aging. (NCOA is a nonprofit senior advocacy organization founded in the 1950s.) These physical activity programs are evidence based; the exercise curriculum has been shown to provide discernible health benefits to their participants. Often, they are low cost or free and low impact as well.3

 

Be sure to use your Medicare benefits. Medicare entitles you to an annual free wellness visit with a primary care physician. In this visit, you can have your blood pressure, weight, and overall health checked, and the doctor can also run a check for the possibility of dementia. You can also get free screening for diabetes, certain kinds of cancers, hepatitis B and C, and heart disease under Medicare if your physician classifies you as “at risk” for these conditions. Medicare may even pick up the tab for smoking cessation counseling and obesity counseling for certain people.4

 

If you stay fairly healthy well into your retirement, there could be a nice financial side effect: an exemption, for the present, from expenses that some of your peers could be dealing with.

 

MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.

Citations.

1 – cnbc.com/2019/04/02/health-care-costs-for-retirees-climb-to-285000.html [4/2/19]

2 – fidelity.com/mymoneylifestyle/healthcare/hc-ret.html [9/4/19]

3 – ncoa.org/center-for-healthy-aging/basics-of-evidence-based-programs/physical-activity-programs-for-older-adults [9/10/19]

4 – tinyurl.com/y3fmq9bf [8/24/19]

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