the Java Exchange

While most of the financial advice suggest to fund your 401(K), remember to fund other investment vehicles along the way.

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 as of June 30, up 17% from 168,000 last year, according to a new report by Fidelity, the nation’s largest provider of 401(k) plans. The financial services firm handles more than 30 million retirement accounts altogether.

https://www.cnbc.com/2019/08/21/the-number-of-401k-millionaires-hits-an-all-time-high.html

The next time you see an ad to flip houses, remember the only thing guaranteed is death and taxes.

A heated court battle, a last-second offer and a sparsely attended auction behind a fountain in Pomona — this chapter of the famed Mountain of Beverly Hills ends not with a princely sum but a sale price more like that of a sports car.

https://www.latimes.com/business/real-estate/story/2019-08-20/

Harry Markopolos, a noted whistleblower, states GE is on the hood for long term care contracts. As a former financial advisor, who cost long term care, the industry is a bit shaky.

. NEW YORK, Aug 20 (Reuters) – General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday.

https://www.cnbc.com/2019/08/20/reuters-america-update-1-general-electric-ranks-among-riskiest-long-term-care-insurers-fitch.html

The stars and strips are not a free commodity

Although Nike has recalled its “Betsy Ross” American flag sneakers, shoppers looking for flag-adorned clothing in stores will have plenty of other options, even though the popular trend is technically illegal.

https://www.cnbc.com/2019/07/03/the-flag-shirt-youre-buying-for-july-4th-is-technically-illegal.html

Good Morning Economist, the monthly job numbers are in. The numbers did not meet analysis expectations.

Private employersOpens a New Window. added just 102,000 jobsOpens a New Window. to their payrolls in June, according to the latest ADP National Employment Report — missing analyst expectations of 140,000 on the heels of a week month for job creation.

https://www.foxbusiness.com/economy/private-sector-hiring-adp-report-june

Good Morning Jedi,

The latest news from the Big Three, FiatChrysler is in talks with Renault on a possible merger.

https://www.cnbc.com/2019/05/27/fiat-chrysler-submits-proposal-for-a-merger-with-renault.html

http://nbr.com/2019/05/13/supreme-court-rules-against-apple-in-app-store-antitrust-case/