It’s Sunday, which means...It’s recap time! 

The theme for this week was: Why I don’t think a recession is looming. 

I got my beloved magic 8 ball out to tell you why I think a lot of the recession rumors out there right now are based more on sensationalism than actual data, and why I’m still positive about the direction of the economy and hence, the stock market. 

If you listened on Monday, you heard loud and clear that the magic 8 ball said “my reply is no” about the looming recession. Let’s see what she has to say today… “Ask again later”

Well there you have it. 

In all seriousness, hopefully after listening to the tips this week, you will be less likely to freak out the next time you watch the major news networks parade out some doom-and-gloom talking head who is convinced that we are already in the midst of the next recession. 

As I pointed out in my daily tips this week, a lot of the data out there right now suggests otherwise. 

Here’s what we covered this week: 

• 2 important economic indicators to watch
• How to interpret the yield curve
• Trump and tariffs - everybody’s favorite and most agreeable topic!
• Jobs data remains positive
• Corporate profits are beating expectations

 

If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow we’re starting a brand new theme, “Why High Income Earners Should Utilize the Backdoor Roth”. If you make too much money to contribute to a Roth IRA, you’ll want to come back next week where I cover the nuances of the backdoor Roth and what you need to know to determine if this is something you should consider for 2019. 

And time is running out, because you only have until the end of the calendar year to do a backdoor Roth for 2019. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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