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As the seasons come and go, many of us reach into our closets only to discover our clothes no longer fit or suit our current needs. If this has happened to you, you’re not alone. Life is constantly changing. Things that may have worked well in the past often need to be “altered” as our lives and circumstances change.
Just like last year’s shutdown was unlike anything we have seen, it should come as no surprise that the recovery has also been unlike any other. With tremendous amounts of fiscal stimulus being pumped into the economy, consumer spending has been a major driver of activity. Combine that with the vaccination effort, the backdrop we started the quarter with was expectations of a strong recovery including higher yields and higher inflation. Later in this section we will show how this actually played out. Many of you already have estate documents, probably executed many years ago. You need an estate attorney to look over your documents every 10 years or so. Here are a dozen points to review with your estate plan: It is hard to believe that we have been dealing with COVID-19 for over a year now. Remember where we were at the end of the first quarter of 2020? The longest bull market run in history had ended, we experienced the fastest bear market in history, and we were all searching for toilet paper. Since that time, we have received timely and sizable amounts of stimulus, in the forms of fiscal and monetary policy. What is OPERS? OPERS stands for The Ohio Public Employees Retirement System. This is a retirement pension system offered to public Ohio employees that replaces the standard Social Security system. As an employee, you contribute 10% of your annual salary towards your OPERS retirement and your employer contributes another 14% of your annual salary. For anyone that has ridden a rollercoaster, you understand both the thrills and stomach-churning feelings that come with the experience. For investors, these were likely similar feelings you had throughout the year as well. Consider this: in 2020, we had the fastest bear market in history followed by the fastest recovery, all brought on by the Coronavirus, impacting global businesses, large and small. There are two types of funds you may be looking to invest in: actively managed and passively managed. First, a fund is an investment tool that takes your investment capital and divides it between selected stocks and bonds, all bundled within one fund. While the two can invest your money in the same bundle, there are key differences. Last month, Ryan Bayonnet, CFP®, MSF was interviewed by Veronica Dagher, a senior wealth management reporter for The Wall Street Journal. In the interview, Ryan discussed with Veronica how to handle family money disagreements that arose from the COVID-19 Pandemic and subsequent economic downturn. There has been much talk about the upcoming election. Not surprisingly, there are a lot of prognostications taking place on how the markets will fare with several potential scenarios (Republican/Democrat as President, Republicans/Democrats in charge of the Senate/House). You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. But what is inflation and how does it really affect your retirement savings? Let’s explore. |
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Financial Advisor in Green, Ohio
Financial Planner in Green, Ohio
Investment Advisor in Green, Ohio
Financial Planner in Green, Ohio
Investment Advisor in Green, Ohio