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30 Jun
Our 2020 Mid-Year Economic Update

By Colleen Weber, CFP®, CPA

Did you remember to fasten your seatbelt when we entered 2020? I hope so, because the events of this year just keep getting more unexpected and unsettling. We’ve learned not to make plans, not to get hopes up, and hold on to everything loosely. And it all started with five letters and a number: COVID-19. While the coronavirus pandemic is at its core a health issue, the downstream effects of it on other aspects of our society have been significant, perhaps the greatest being economic. As we reach the mid-year point of 2020, let’s take a look at what is going on in the economy, most of which can trace its roots back to COVID-19.

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03 Jun
Should You Really Be Helping Your Adult Children Financially?

By Colleen Weber, CFP®, CPA

When the 2008/2009 financial crisis hit, many millennials were just entering the workforce or in the early years of their career. With high unemployment and overqualified people applying for jobs, the younger generation was hit hard and many young adults had to move home or make unexpected life changes. Well, it’s happening again, and millennials and the older half of Generation Z are hurting financially since many of them work in industries that have taken the brunt of the coronavirus shutdowns. (1)

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12 May
How To Manage Your Finances In A Crisis

By Colleen Weber, CFP®, CPA

We’re almost halfway through 2020, and to say the year hasn’t gone as expected would be a massive understatement. Forget “uncertain times”—more like scary or downright panic-inducing. In the midst of unprecedented volatility regarding the markets and employment, it’s normal to experience a multitude of emotions, including uncertainty and fear. 

Given the situation, it’s normal to worry. But the key is to worry about the right things.

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15 Apr
Cleaning Up Finances While At Home For Social Distancing

By Colleen Weber, CFP®, CPA

Have you found yourself with some extra time on your hands these days? With the absence of commuting, traveling, eating out, and socializing in person, many of us have an emptier calendar than usual and want to use our time wisely. Allow us to make a suggestion: Why not do some financial spring cleaning? It’s the perfect opportunity to not only organize and declutter your home, but also give your finances a little extra love. It might even relieve some stress as you take proactive steps to gain a better understanding of your financial situation. Here are a few ways to do just that. 

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10 Apr
Scoring Social Distancing

We all understand the importance of social distancing during the global Covid-19 pandemic.  Or do we?

A new website is doing something ingenious; it is collecting and aggregating the location tracking data on peoples’ cellphones to determine whether they are or are not coming within six feet of other individuals.  Taken together, the algorithm provides an index that allows us to see which states’ citizens are practicing social distancing, and which states’ populations are not following guidelines.  

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10 Apr
Reason for Hope

The world’s healthcare experts haven’t been able to give us a definitive date as to when a coronavirus vaccine will finally come to market—for obvious reasons.  There are a variety of vaccine formulas being tested on human subjects as you read this, but the researchers will have to test many different formulas and different dosages of each formula, and evaluate the impact on the immune systems of a significant number of test subjects.  

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24 Mar
The Tele-working Revolution

One of the biggest economic impacts of the Covid-19 epidemic is not the second quarter economic decline, but the longer-term ways it could transform our global economy—potentially for the better.  The world has been forced to go digital on an unprecedented scale, and more companies are now accepting a teleworking environment that many have resisted over the years. We are all experimenting with potentially a more efficient work modality, and it’s possible that we—workers and corporations—won’t ever go back.

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24 Mar
The Plague Continues

After we endured the 2008-9 Great Recession, where the global economy was brought to its knees (due to enrichment schemes by Wall Street and its brokers), we thought we’d seen the worst market in our lifetimes.  Some of us thought the same thing during the Tech Wreck at the start of the century.

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12 Mar
What You Need To Know About Recessions And Bear Markets

As global markets continue their roller coaster ride due to fears surrounding the coronavirus, our most recent bull market officially turned into a bear market. But what does that mean? And are we on the verge of another recession like the one we had in 2008?

In light of all these concerns, today we’ll share what you need to know about recessions and bear markets. If you are worried about your portfolio, we understand and we’re here to help. Feel free to contact our office to get answers to your specific questions. 

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26 Feb
What Should You Do About The Coronavirus And Stock Market Volatility?

The financial markets took a big dip early this week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days. 

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