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.

At a high level, the account is owned by one person, and a successor owner is named. Usually, these are the parents of a child, with the child being the beneficiary. However, anyone can own a 529 plan for the benefit of a child. Furthermore, any individual can contribute to the account.

529 College Saving Plans Rules

Deposits into 529 plans are considered gifts. Therefore, in 2019, any individual may make an annual gift of up to $15,000 per beneficiary ($17,000 for the year 2023).

Durable Retirement Income: What It Is and Why It’s Important

When reading about retirement income, you may see the term “durable” used. In this context, durable refers to retirement income that you can’t outlive, that the market can’t take away, and that will not erode.

Durable income can be a key part of your retirement strategy and financial planning.

Examples of durable income include Social Security and or pension income.

For the income to be “durable,” there must be guarantees that the investor can rely on for the production of that income.

How Are You Planning for Your Retirement?

Someday, we will all retire or at least slow down.

Three Strategies to Help Offset Market Volatility

Yes, the stock market is volatile right now, and U.S. inflation is not helping any, but there are three strategies that you can use to help offset that volatility.

This Article Briefly Looks at Stock Market Volatility and its Longevity. 

 In last month’s article about inflation, we learned how it was having a huge impact on patterns of consumption behavior.  This month, we will explore what to expect in this period of volatility.

https://www.youtube.com/watch?v=BegQi9twK78&t=1s

Click the video for additional footage on:

Is This Stock Market Volatility Rational, and Will It Ever End?

Costs Are Growing and Confidence is Falling, But Investors Should Remember This is a Marathon, Not a Sprint

We’ve been suggesting for months that, in our view, inflation will not be transient and instead is likely to persist for the foreseeable future. Given data developments over the last year, it would seem our view has been proven right.