1-520-327-1019 info@wellspringfp.com

What is the most important component of GDP in the United States?

We often hear in the media that consumer spending is crucial to the overall health of the U.S. economy, but exactly how important is it? Representing approximately two-thirds of overall GDP, consumption–the almighty  Consumer–is the largest driver of economic growth in the United States. Of the nearly $18 trillion in U.S. GDP (2015), American shoppers are responsible for a piece of the pie worth about $12 trillion. Consumption is tracked by the Bureau of Economic Analysis, and is reported as Personal Consumption Expenditures (PCE) in its monthly “Personal Income and Outlays”…

Read More >

The Importance of Saving for Retirement at a Young Age

If you’re an adult in your 20’s, you are entering an exciting stage of life. Whether you’ve just graduated from college or are starting a new career, you will encounter many opportunities and challenges as you create a life of your own. As busy as you are, it’s no surprise that retirement may seem a long way off, especially if you’re just entering the workforce. What you may not realize, however, is that there are four very important advantages to begin planning and saving for retirement now. 1….

Read More >

How to Get a Bigger Social Security Retirement Benefits

Many people decide to begin receiving early Social Security retirement benefits. In fact, according to the Social Security Administration, about 72% of retired workers receive benefits prior to their full retirement age.1  But waiting longer could significantly increase your monthly retirement income, so weigh your options carefully before making a decision. Timing counts Your monthly Social Security retirement benefit is based on your lifetime earnings. Your base benefit–the amount you’ll receive at full retirement age–is calculated using a formula that takes into account your 35 highest earnings years. If you…

Read More >

How is GDP calculated in the U.S.?

GDP, or Gross Domestic Product, is a measurement of the total value of all goods and services produced in the United States over a given time period. It is used by economists, government officials, market forecasters and others to gauge the overall health of the U.S. economy. Although there are several ways of calculating GDP, the expenditures approach is the most common. It focuses on final goods and services purchased by four groups: Consumers businesses governments (federal, state, and…

Read More >

The Importance of Qualitative Review


The qualitative review of a mutual fund helps support the quantitative analysis within the Scorecard System™ by providing color and insight into the portfolio and the investment performance. The qualitative review process is structured in its approach and designed to identify the factors that will ultimately drive future investment performance. The 3 primary factors include: People, Process and Philosophy. The baseline criteria are set for each: People: Is there an experienced team with the ability to manage both philosophy…

Read More >

What to Expect When Transitioning Providers


The thought of transitioning from one service provider to another may be intimidating and overwhelming. It doesn’t have to be. If you work with an experienced conversion team, the transitioning process should be seamless. If a plan sponsor is unhappy with its current provider’s services and technology, it may very likely want to switch providers. Furthermore, if the plan sponsor feels it or its participants are not receiving sufficient value for the fees being charged, it may explore the idea…

Read More >

Waiver of 60-Day Rollover Requirement

rules regulations waivers

The Internal Revenue Service (IRS) allows distributions to be excluded from income if they are rolled over to an eligible retirement plan or Individual Retirement Account (IRA) within 60 days. Revenue Procedure 2016-47 offers additional guidance for the waiver, as well as a self-certification process that details how a taxpayer could accomplish a rollover that does not meet the 60-day requirement under certain circumstances Conditions for Written Self-Certification Before a taxpayer may self-certify that the 60-day waiver has been…

Read More >

Passive Investment Strategies

passive investments vs active investments

We always try to do things right for you at Wellspring Financial Partners. Now, you’d expect that we would say that and, to be frank, I’m sure Wells Fargo might have said the same thing to their customers over the last couple of years. Really, I’m sure they did! For all of our sakes’ let’s move beyond Wells Fargo and for the sake of objectivity let’s look for outside evidence to make sure passive investment is as good as what…

Read More >