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Tips to Boost our Chances to Stay Healthy

Wednesday, March 25, 2020

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Many of us are taking the necessary steps to stay healthy and avoid contracting the COVID-19 illness. Below is a series of actions we can implement right now to further boost our chances of staying healthy. Stay active Get 30-45 minutes of activity 5 times per week. You don’t need to run or perform strenuous exercise. You can go for a walk. One great suggestion I read this week is walk fast for the length of one song and then walk slower for the next song. These small intervals will help get your heart rate up and then help you…

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Organizing Financial Records – Elder Care and Finances Series

Friday, March 13, 2020

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This is our next blog in a series about how to plan and care for our aging loved ones. In this piece, we offer tips and advice on how to gather and organize financial records, documents and information. Organizing Financial Records Many of us don’t have our financial documents and information organized nor conveniently accessible in one place. Now, think about having to do that for a parent or aging loved one. It can be a big task. The goal is to get organized, so income, assets, spending, liabilities, key documents, and key advisors’ contact information are all easily accessible…

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Monthly Market Update for February 2020

Thursday, March 12, 2020

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Despite risk-on sentiment that drove stocks to record levels in the first half of the month, it was a dramatic “leap” in volatility that ultimately defined the investor experience in February. Though seemingly under control in China, concerns of the expanding global effect of the coronavirus epidemic drove key equity benchmarks into correction territory as the month ended with the worst one-week loss since 2008. Markets reacted to the…

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Tips for Starting Difficult Discussions with Aging Parents

Thursday, February 13, 2020

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When you start to notice that your parents are slowing down because of age or illness, talking with them about their future needs and plans can be difficult. Finances, estate planning, care plans, final wishes, etc. are complicated discussions. In our experience, we believe it is important to start these conversations early, before it is really needed, and definitely before a crisis hits. Our recommendations: This is a big topic so it will take more than one conversation. Don’t overdo in one sitting. Make sure they know your intentions are loving and you are trying to help. Be a good…

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Sept 17th and 18th FOMC Meeting Follow-Up:

Friday, September 20, 2019

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Policy Normalization on Target: In spite of one member voting for a 50 bps reduction and two members voting for no change, the FOMC voted to reduce the Fed Funds rate by 25 bps to a targeted range of 1.75% to 2.00%. As has been the case for recent meetings, this decision was generally “as expected” by the market, with a near ~100% implied probability of at least a 25 bps reduction reflected in the futures market since early August. Amid notable pre-meeting volatility in the overnight repo lending market, the Committee unanimously voted to cut the interest it pays…

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Monthly Market Update for August 2019

Wednesday, September 11, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Uncertainty and volatility ruled the month of August, with globally depressed interest rates, US/China trade issues and the increased likelihood of a no-deal hard Brexit at the forefront. While economic data indicates “consumers are consuming,” manufacturing data were not as strong, causing some dashboards to flash rising recession probabilities. Interest rates moved sharply lower, resulting in an inverted US yield curve and increasing amounts of negatively yielding debt abroad….

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Next Gen Series: Importance of Goal Setting

Wednesday, September 11, 2019

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Navigating independence for the first time as a young 20-something can be overwhelming. What career is right for me? When is the right time to buy my first house? Am I saving enough? Decisions made at this stage of life can now have significant consequences. Formal goal setting can help young adults set themselves up for success by visualizing and accomplishing what they want in life. It provides an actual process for thinking about what you want your future to look like and motivating yourself to turn that vision into reality. Without goals and a plan, your decision making is…

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Next Gen Series: Budgeting Tips for Young Adults

Thursday, August 15, 2019

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One of the best things about being a young adult is that you are starting fresh with countless opportunities and choices ahead of you. The downside can be that mistakes made early in life can have long lasting and sometimes expensive repercussions in terms of debt and credit. Establishing a budget is a great way to help ensure a good beginning to your financial lives. A budget is an itemized summary of expected income and expenses for typically a month’s time. It will show you how much money you expect to bring in against all your expenditures. The first step…

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Monthly Market Update for July 2019

Wednesday, August 14, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Markets maintained risk-on momentum in July, even as the Federal Reserve’s rate cut left investors questioning the degree of certainty around future policy easing. Economic data releases, consumer confidence, and better-than-feared quarterly earnings reports portrayed a relatively stable environment in the US. Manufacturing data in the Eurozone warranted attention, even as the European Central Bank indicated intent to employ monetary policy tools in September to address the economic slowdown….

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Under-Saved and Overconfident

Wednesday, August 14, 2019

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Background When Congress passed Section 401(k) of the Revenue Act of 1978 they began a revolutionary risk-transfer as it relates to retirement savings. With employers increasingly embracing the cash flow predictability of defined contribution plans, the percentage of private-sector employees covered by a defined benefit plan has declined from nearly 40% in the late 1970’s to less than 15% today. Being only one generation into the evolved reality of “saving for yourself,” the consumer-driven nature of the US economy could be increasingly challenged as longevity collides with an under-saved population. Working to improve financial literacy may spur better financial well-being,…

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