Investment management & Financial consulting

UDB Financial

Market Commentary

See what is happening in the markets this week.

October 16, 2017

MARKET COMMENTARY
 
 
There’s a new kid in town: narrative economics.
 
Last week, Richard Thaler was awarded the Nobel Prize in economics. His work in behavioral
economics and finance recognizes not all economic and financial decisions are made after rational reflection. In Nudge, he wrote:
 
“The workings of the human brain are more than a bit befuddling. How can we be so ingenious at some tasks and so clueless at others?…Many psychologists and neuroscientists have been converging on a description of the brain’s functioning that helps us make sense of these seeming contradictions. The approach involves a distinction between two kinds of thinking, one that is intuitive and automatic, and another that is reflective and rational.”
 
Yale professor Robert Shiller, another Nobel laureate in economics, is exploring a field of study related to Thaler’s. It’s called narrative economics. Narratives are the stories we share with each other. They are fuel for conversation and popular narratives often become viral. During a presentation at the University of Chicago, Schiller explained narrative economics is “the study of the spread and dynamics of popular narratives, the stories, particularly those of human interest and emotion, and how these change through time, to understand economic fluctuations.” read more

October 2, 2017

UDB FINANCIAL MONTHLY FOCUS

Distributions and Rollovers: What You Need to Know About Roth 401(k)s

 
The Roth 401(k) resembles the Roth IRA, in that contributions are made with after-tax dollars and qualified withdrawals can be made tax free. But, as the name implies, it also shares many of the rules affecting traditional 401(k) plans.

If your employer offers a Roth 401(k), there are rules concerning this retirement saving vehicle that you should be aware of. In particular, if you anticipate making a job change or retiring in the near future, you'll want to pay close attention to the rules governing distributions from Roth 401(k)s -- how they differ from regular 401(k)s and how they are the same.

 


                                               Congratulations!!  Best Financial Advisor-Cenla s Choice Awards 2017
Given by The Town Talk (Award based on online votes)

• Michael Upton, AAMS, AIF®,

Financial Consultant

Press Releases
31
Aug
UDB FINANCIAL ATTENDS LPL FINANCIAL’S NATIONAL CONFERENCE

Michael Upton, Jeff Draughon, Brian Flynn, Lori Decker, Brad Secrest & Chris Daigrepont from UDB ...read more

27
Jul
Jeff Draughon of UDB Financial Honored for Charitable Work with Baptist Medical & Dental Mission International (BMDMI)

Jeff Draughon, owner/financial consultant for UDB Financial, and a volunteer for Baptist Medical Dental Mission ...read more

24
Mar
JEFF DRAUGHON AMONG FINANCIAL ADVISORS ATTENDING BARRON’S TOP INDEPENDENT ADVISORS SUMMIT

Exclusive Conference Hosts Elite Gathering of Nation’s Pre-eminent Independent Financial Advisors and Industry Decision ...read more

News
  • Aug 31
    - UDB FINANCIAL ATTENDS LPL FINANCIAL’S NATIONAL CONFERENCE
  • Jul 27
    - Jeff Draughon of UDB Financial Honored for Charitable Work with Baptist Medical & Dental Mission International (BMDMI)
  • Mar 24
    - JEFF DRAUGHON AMONG FINANCIAL ADVISORS ATTENDING BARRON’S TOP INDEPENDENT ADVISORS SUMMIT

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