A recent survey found that working households experiencing financial strain due to the pandemic have not been inclined to make withdrawals from their 401(k)s to help make ends meet. In fact, the vast majority haven’t even changed their rate of contributions. Instead, these households are relying on the “old standbys” of surviving during economic decline:…

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The 2020 pandemic has resulted in economic strain for many American corporations — even long-established entities. Therefore, it’s important for would-be pensioners to consider their employer’s long-term financial stability in light of the country’s circumstances. Note that while the federal Pension Benefit Guaranty Corporation (PBGC) may offer relief when an employer becomes insolvent, this guarantee…

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The pandemic has been hard on nearly everyone, and it’s particularly difficult for professionals who normally meet with clients in an office setting. Fortunately, financial advisors have been able to adapt to this “new normal.” Our goal is to be our clients’ trusted advisors. Once that relationship is established, we can work with clients by…

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During the U.S.’s initial spring lockdown, the weather was rather temperate in most areas of the country. By the time COVID-19 outbreaks started becoming more rampant nationwide, summer was in full swing. This made for uncomfortable conditions in terms of social distancing guidelines. For example, the pandemic forced hundreds of restaurants to seat more patrons…

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As of the end of July, the stock market was still performing relatively well and the Federal Reserve had announced no near-term changes to interest rates.1 However, other economic news was not as rosy. According to the Bureau of Economic Analysis, the U.S. economy contracted by nearly a third (32.9% annual rate) in the second quarter…

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Keep Your Eye on the Ball – What Baseball Can Teach us About Investing “Baseball is a lot like life. It’s a day-to-day existence, full of ups and downs.” – Ernie Harwell, the voice of the Detroit Tigers. There are plenty of baseball sayings you can relate to investing — keep your eye on the…

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Because life expectancy is longer for today’s retirees than in previous generations, people need to save more money for a longer period of time. The good news is awareness on this issue is high; the bad news is savings efforts are not. A 2018 survey by the Federal Reserve found that one-quarter of non-retired adults…

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The World Health Organization recently reported that while some countries have made effective inroads to contain COVID-19 within their borders, the pandemic is still well on the rise throughout the world.1 Perhaps one of the most debilitating impacts of today’s global economy is that one country’s problem is now every country’s problem. Because business and…

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In normal times, the stock market is often a reflection of the economy. But these are not normal times. Even though April was marked by a global shutdown of businesses, rampant unemployment and low economic growth, the S&P 500 Index ended the month up 12.9%. This represented the highest one-month gain since 1987 and posted…

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Consumer prices fell by 0.8% on a seasonally adjusted basis in April, the biggest drop in more than a dozen years, the Bureau of Labor Statistics reported. Conversely, prices for grocery items jumped 2.6%, the highest one-month increase in 46 years, with eggs rising by 16%. What’s going on here?

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