Let’s begin with an intriguing phenomenon that has gripped the financial realm: market bifurcation. It’s a topic that warrants our attention as we address recession fears. Picture this – the S&P 500, a collection of 500 diverse companies, yet a mere 8 “mega-cap” stocks hold a collective value exceeding eleven trillion dollars.

Financial planning can only be as strong as the risks that you eliminate from the plan. Any risk leftunaddressed, either intentionally or unintentionally, could undermine the most solid financial planning.

We’ve talked in the past about implementation being driven by the underlying financial planning work.Relative to the assumptions being made, we could construct an incredibly holistic financial plan, andimplement the plan with an effective mix of tools and platforms.

Since the beginning of the year, many clients have sought the answers to five questions that are seemingly on the minds of many others.

At a high level you could certainly say that inflation is moving in the right direction.

Is Retirement Planning for Older People?

Often, young adults fall into the trap of thinking financial planning isn’t for them. Planning for retirement is for older people. Right? 

Honestly, financial planning for your adults is often overlooked. When, in fact, getting prepared early can drastically impact how wealthy you are in the near and distant future. So, we’ve put together a list of financial planning tips to get you started.

6 Financial Planning Tips For Young Adults

1.

Don’t Ride the Rollercoaster 

Throughout the year, we’ve talked about the possibility of being in a recession and potential strategies for consistent investment during this time. In this article, we will discuss why it is critically important to avoid the emotional roller coaster if financial planning efforts are to succeed. 

As I have mentioned on several occasions, if I could offer one universal piece of advice to anyone reading this article and pursuing long-term financial planning objectives, it would simply be to not quit during such times.

I’ve coached park and recreation basketball for fifteen years. Over that time, I’ve come to appreciate the parallels between playing basketball and successful objective-driven investing.

This article will be the first of a four-part series that focuses on tips for successful investing. We’ll explore four tenants that govern every team I coach.

Recession Investment Goals: Secure Your Assets While Finding Income Opportunities

Are we in a recession? And if so, how should that knowledge impact your investment strategy?

Whether we are in a recession or not, it is important to note that every wealth management plan should be implemented with “guardrails” in place that are unique to the client.

Answer: Probably, But the Details Are Complex and Fascinating

You have probably been hearing a lot about the state of the economy in the mass business media, and along with that, a lot of conjecture over whether we are in a recession or not. The recession topic similarly has dominated the conversations I have had with my clients for several months.

The National Bureau of Economic Research is the only organization that is tasked with determining if we are, in fact, in a recession.