WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Michael J. O'Connor

CWS®, Vice President Investments

Recent Posts

It’s the 2nd Longest Economic Expansion in U.S. History – How Long Can It Last?

Posted by Michael J. O'Connor | CWS®, Vice President Investments

June 6, 2018

Through April of this year, this economic expansion is now 106 months old. If the US economy continues to grow through May – which seems all but assured – it would make this economic expansion the second longest in US history. Looking out even further, if the economy continues to grow through July 2019, it would become the longest period of growth in the history of the country.

There’s a real chance it could happen – in a recent poll of global fund managers by Bank of America Merrill Lynch, only 13% of them thought a recession was likely in the near term. Using Corporate America (earnings) as in indicator, the numbers also support the case for more growth: in Q1 2018, the blended earnings growth rate for S&P 500 companies is 24.5% as of this writing, which would mark the highest earnings growth rate the economy has seen in nearly eight years.

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Don’t Confuse 401(k) Withdrawals with 401(k) Rollovers – It Could Cost You

May 9, 2018
One of the reasons investing gets confusing for most people is that there are too many rules, requirements, products/options, and terms. ... [+] Read More

The True Cost of Homeownership

April 11, 2018
The act of buying a first home is often framed as a wonderful, life-changing experience. And to be sure, it almost always is. But it’s the ... [+] Read More

US Economy: The Current State of Affairs

March 14, 2018
When it comes to the current state of the US economy, it is difficult to find many problems. In fact, the data and trends appear to support ... [+] Read More

How Living Longer Should Impact Retirement Planning

March 7, 2018
If your financial advisor insisted on creating an investment plan that projected you and/or your spouse to live past 100, you might be ... [+] Read More

Why High Income Earners Can Still Benefit from a Budget

January 23, 2018
A high-income earner can benefit from a having a budget much like a professional athlete can benefit from having a personal trainer – even ... [+] Read More

When is the Right Time to Hire a Tactical Money Manager?

January 19, 2018
Let’s start with a more basic question: what is a tactical money manager? To answer that, an investor must first understand “tactical asset ... [+] Read More

Are You the Beneficiary of an IRA? You May Need to Take a Required Minimum Distribution

December 6, 2017
When most investors/retirees think of Required Minimum Distributions (RMDs), they think of turning 70 ½ and having to take mandatory ... [+] Read More

Tax Planning: Don’t Forget Your Required Minimum Distributions

November 15, 2017
Republicans on Capitol Hill are currently working to make major changes to the tax code, but one tax rule does not seem likely to change ... [+] Read More

Working and Claiming Social Security...At the Same Time

November 8, 2017
The traditional arch of a person’s financial life is generally to work, save, retire, collect Social Security and/or pension, and make ... [+] Read More