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J. Michael Stolp

J. Michael Stolp is Managing Member of CFO Solutions LLC, founded by Michael in 1991. CFO is a registered investment advisory and boutique financial planning firm with corporate offices in Scottsdale, Arizona. He is based and resides in Scottsdale. CFO specializes in the unique planning needs of doctors, other professionals, and small business owners, and the economic issues facing them.

Keep Your Money Safe for Retirement! You’ve worked hard. You’ve earned your savings. Don’t lose it all now on risky investments. We can help you keep your money safe and create the retirement you want, when you want it. We charge no commissions, and no client of ours has ever lost a dime who followed our risk averse philosophy. Contact one of our CFO Financial Advisors today and find out how.

At CFO Solutions, we hear the following comments all the time, “I wish I would have started this process earlier in my life”, and “I wish I would have heard about you sooner”. It’s never too late, but when it comes to preparing for the future, the sooner you start the better. An earlier start will allow your investments more time to earn and mature.

Healthy retirement planning depends on asset allocation rather than on the performance of one single investment. For this reason, we recommend that you spread your investment capital around. However, don’t just spread your savings for the sake of diversification. Be sure your investments are safe and thoroughly discussed with a professional.

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©2016 Broadridge Investor Solutions, Inc.

A federal judge ruled for House Republicans on Thursday in their suit against President Obama and declared his administration is unconstitutionally spending money to reimburse health insurers without obtaining an appropriation from Congress.The judge’s ruling, though a setback for the administration, was put on hold immediately and stands a good chance of being overturned on appeal.See the most-read stories this hour >>But the 38-page opinion highlights the repeated complaint from Republicans that Obama and his administration have ignored constitutional limits on their authority.

Source: Federal judge rules Obamacare is being funded unconstitutionally – LA Times

U.S. stocks rose across the board on Tuesday, with a jump in oil and a rally in Amazon.com helping propel the S&P 500 to its best day in two months. Buoyed as well by higher global stock markets, Wall Street’s gains appeared to breathe new life into a two-month rally that had petered out in mid-April, and left the S&P 500 with an increase of nearly 2 percent for 2016. Amazon (AMZN.O) jumped 3.43 percent to a record of $703.07, giving the biggest boost to the S&P 500 and the Nasdaq. Bernstein raised its price target on the stock to $1,000, the highest on Wall Street, saying it believes Amazon’s margins will expand much faster than currently expected. All 10 major S&P sectors gained and seven of them were up over 1 percent, led by a 1.75 percent rise in the energy index .SPNY. Oil rose over 4 percent as supply disruptions in Canada and elsewhere overshadowed fears of oversupply.

Source: Amazon delivers S&P 500 its best day in two months | Reuters


MOSCOW (Reuters) – Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel. Russia, which has been hit hard by the oil price collapse, was flirting with the idea of cooperating with OPEC in recent months until tensions between OPEC members Saudi Arabia and Iran ruined a global deal to freeze output. Sechin – one of the closest allies of President Vladimir Putin – was the only Russian official to consistently oppose the deal with OPEC even after the Kremlin effectively endorsed the plan. Now that his gloomy predictions about talking to OPEC have come to pass, Sechin feels vindicated and wants to help Russia avoid similar embarrassment in future.

Source: Exclusive: Say goodbye to OPEC, powerful Putin pal predicts

The apocalypse has become big business. And it’s getting bigger every day. In the ’50s, homeowners fearing Communist attacks built bunkers in their backyards and basements, hung up a few “God Bless Our Bomb Shelter” signs and called it a Cold War. But today, Americans en masse are again preparing for the worst—and Communists are just about the only thing not on their list. What is? Terrorist attacks, a total economic collapse, perhaps even zombie invasions. Or maybe just a complete societal breakdown after this November’s scorched-Earth presidential election.

Source: Prepping for Doomsday: Bunkers and Panic Rooms

British workers on an average salary would need to toil away for 348,063 years to earn the fortune of their wealthiest compatriot, a new study suggests.While the gulf between the world’s wealthiest 1 per cent and the rest of us is widening, the time it would take for average earners to earn a billionaire’s fortune varies significantly depending on the country, business products  and services marketplace Expert Market said.  In Brazil, where the average worker’s wage is £1.95 an hour, it would take a worker there over five million years to reach the £19billion fortune of Brazilian billionaire Jorge Paulo Lemann.

Source: How long would it take you to earn a billionaire’s fortune | Daily Mail Online

It seems crazy to call it the ‘New Normal’, but once again, record numbers of Americans are renouncing citizenship. Every three months, the Treasury Department publicly names individuals who renounced. It is surely more about FATCA, the Foreign Account Tax Compliance Act enacted in 2010,  than it is about politics. Still, numbers are flying, with one poll saying that 1 in 4 Americans would consider leaving if Trump is elected. Others claim they will leave if Hillary is elected.

Source: Many Americans Renounce Citizenship, Even Before President Trump – Forbes