August 2016 Edition
With summer moving so quickly, please take a few minutes to read the articles we've shared with you this month to address key issues in family planning and income protection. The Disability Protection article was written just for the Financial Intelligence newsletter, the inheritance article introduces the idea that receiving an inheritance can have more tax consequences than benefits, and we conclude with a life insurance article published in the 80's to see how little has changed when it comes to addressing the most fundamental planning needs.
Enjoy your summer with a little light reading!
ECONOMIC HIGHLIGHTS FROM IMF:
- Before the June 23 vote in the United Kingdom in favor of leaving the European Union, economic data and financial market developments suggested that the global economy was evolving broadly as forecast in the April 2016 World Economic Outlook (WEO).
- The outcome of the U.K. vote, which surprised global financial markets, implies the materialization of an important downside risk for the world economy. The initial financial market reaction was severe but generally orderly.
- With “Brexit” still very much unfolding, the extent of uncertainty complicates the already difficult task of macroeconomic forecasting.