Michigan Financial Companies

08/07/2026

Financial Fun Fact Friday: Back-to-School Edition🎒

The first day of school is right around the corner, which means many families are gearing up for back-to-school shopping!

From new shoes and clothes to electronics and school supplies, here’s a look at where those dollars are going:

💻 $293 on electronics
👕 $250 on clothing & accessories
👟 $174 on shoes
✏️ $146 on school supplies

Add it all up, and the average family spends about $922 getting ready for the new school year!

08/06/2026

SpaceX Joins the Nasdaq-100 🚀

SpaceX has been added to the Nasdaq-100, meaning it could now become part of more index funds and retirement portfolios.

It's a good reminder that changes to major indexes can affect what you own through mutual funds and ETFs, even if you never buy the stock yourself.


Source:

The move could add the Elon Musk-led firm to many retirement portfolios.

08/05/2026

What does Enron have to do with today’s AI boom?

While the technology may be different, history can offer valuable lessons about market excitement, investor expectations, and the importance of looking beyond the headlines.

Explore the parallels between past market cycles and today’s AI investment landscape in Part 2 of our AI Economy series:
https://michiganfinancial.com/blog/the-ai-economy-part-2-what-enron-can-teach-investors-about-the-ai-boom

Can the AI boom be compared to Enron? Learn how investor expectations, valuation, and future earnings shape AI investing—and why history offers important lessons.

08/04/2026

After more than 30 years in the industry, it's time to celebrate an incredible career!
We enjoyed a retirement luncheon in honor of Anthony Simor, and we're so glad his family could join us for the occasion. Thank you, Tony, for your many years of service and the lasting impact you've made. Wishing you a happy, healthy and fulfilling retirement!

07/31/2026

Financial Fun Fact Friday: Rocket Mortgage Classic Edition ⛳

Every birdie, eagle, and even hole-in-one at the Rocket Mortgage Classic can make a difference beyond the course.

Through the tournament’s AREA 313 program, select scores help trigger donations to Detroit nonprofits, turning great golf into meaningful community impact. Since its launch in 2019, the event has generated nearly $10 million for Detroit-area nonprofits, supporting initiatives like digital access, youth programs, and community development.

07/30/2026

Happy National Intern Day! 🎉

Today, we're celebrating our incredible 2026 interns who spent their summer with us in our Southfield office.

Thank you for your commitment, your willingness to learn, and the energy you brought each day. We wish you all the best as you continue your academic and professional journeys—we can't wait to see all that you'll accomplish!

07/29/2026

📣CALLING ALL TEACHERS!!

We're excited to bring back our initiative of helping clear teacher wish lists this year!

Comment below 👇 with the link to your Amazon wish list for your classroom and we will try to help clear as many as we can.

07/27/2026

AI isn’t just transforming technology, t’s reshaping entire communities.

Clayton Taylor, Financial Advisor, explores how the rapid expansion of AI data centers is creating new economic opportunities while also raising important questions about energy use, water consumption, and long-term local impact.

Find out what’s at stake as AI data centers continue to expand:
https://michiganfinancial.com/blog/ai-data-centers-economic-opportunity-or-local-controversy-or-clayton-taylor

AI Data Centers: Economic Opportunity or Local Controversy? | Clayton Taylor July 22, 2026 AI Data Centers: Economic Opportunity or Local Controversy?  Understanding the Costs, Benefits, and Market Impact By Clayton Taylor Artificial intelligence is driving one of the largest infrastructure buildou...

07/24/2026

Financial Fun Fact Friday: Honeymoon Edition💍

Your first adventure as newlyweds may be a major expense. Couples spend an average of $6,260 on their honeymoon, a reminder that budgeting for life’s celebrations matters.

07/23/2026

The Centers for Medicare & Medicaid Services (CMS) has released the Medicare Part A and Part B premiums and deductibles for the upcoming year.

Here's a look at the new figures:
▪️Part B premium: $202.90 per month (previously $185)
▪️Part B deductible: $283 (previously $257) before Original Medicare begins covering services.
▪️Part A inpatient deductible: $1,736 (previously $1,676)

These updates take effect in January and reflect the latest adjustments from CMS. Individuals enrolled in Medicare may notice changes in their monthly costs or coverage details for the upcoming year.