Heritage Market Brief


  • The U.S. economy continues to pick up speed and is growing at a faster pace than the rest of the world with the exception of China, while Europe is on the brink of faling back into recession.
  • The U.S. Federal Reserve officially ended asset purchases associated with QE3 in October 2014.
  • The Federal Reserve has been transparent in indicating it plans to raise rates in mid-2015, but decisions regarding interest rates remains data dependent on labor force slack and the 2% inflation threshold.
  • While interest rates remain range bound, individual bonds held to maturity should continue to provide downside protection.

Each month, our Heritage Institutional team publishes the Retirement Report, which provides timely news and updates for plan sponsors and fiduciaries of defined contribution plans.  This month's topics include:

  • Employees eager for more support
  • Weathering all market conditions
  • Index funds - more than meets the eye
  • What to expect when transitioning providers

One of my favorite quotes is this – “Sometimes your only available transportation is a leap of faith."  Inherent in that statement is a key principle: Trust.

Born and raised in Oklahoma, I took my own leap of faith in 1994 going to a prep school in Connecticut. Often times I wondered if I had made a mistake, but I trusted the counsel of my father as he assured me the time would be meaningful.