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Inflation and a Gallon of Milk

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $4.21 on average.[1] A few dollars might not seem like much, but that’s a 1,258% increase! Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how much money you need to retire, consider what you’re left with after inflation. The Value of Money Over Time When you [...]

2022-08-26T19:32:58+00:00August 26, 2022|Economy, Financial Planning|

Inflation Finds its Way to Your Wallet

There’s no doubt that people have been feeling the effects of inflation on their wallets. Everything from food to gas to home repair products seems to be increasing every day. Federal Reserve Chairman, Jerome Powell, is taking inflation very seriously, raising interest rates to combat the explosion of inflation. And although the moves have made an impact, the Federal Reserve noted that inflation is stickier than it had predicted.[1] This is all to say that inflation [...]

2022-08-19T21:08:22+00:00August 19, 2022|Economy, Federal Reserve, Financial Planning|

Is Your IRA At Risk In This Market?

During bear markets, we must ask different questions about our money and our assets. It is no longer about which stocks will double over the next twelve months. Instead, it will likely be about how to preserve your portfolio value by investing in stable equities with a consistent yield or profitability to mitigate the risk of steep declines. Regardless, market downturns happen, and if you have an IRA, you might expect to rely on its distributions [...]

Inflation Presents Unique Risks – Know How You’ll Respond

If your weekly grocery bill is noticeably higher or you can’t believe how expensive gas is, you’re not alone. Inflation is at 40-year highs,[1] and a recent poll found that 52% of Americans said the most important issue facing the country is inflation.[2] It’s significant that so many Americans recognized inflation as a major threat considering how unpredictable that market has been. Inflation presents unique risks, so it’s important to know how you’ll respond to them. [...]

2022-07-14T15:03:46+00:00July 14, 2022|Economy, Federal Reserve, Financial Planning|

Why Today’s Retirees Might Fear Running Out of Money

You might have been aiming to save a certain amount for retirement - and maybe you’ve already achieved that goal. But, considering inflation, an unpredictable market, and a lack of guaranteed income once your paycheck stops, you might be reconsidering whether you’ve actually saved enough. There are a few reasons why today’s retirees might fear running out of money and why they need to have a financial plan. Inflation at 40-Year Highs Daily life is arguably [...]

2022-06-30T21:21:56+00:00June 30, 2022|Economy, Financial Planning, Retirement Income|

You Can’t Stop Inflation, But You Can Prepare

Did you ever hear your parents or grandparents talk about how much less everything used to cost? They weren’t exaggerating - in 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. You’ve likely noticed higher prices recently, even if they aren’t 1,116% higher. Unfortunately, you can’t stop inflation. But, you can prepare by working to protect [...]

2022-06-23T16:06:41+00:00June 23, 2022|Economy, Federal Reserve, Financial Planning|

Rising Interest Rates and High Inflation – How Will You Respond?

The Federal Reserve voted to raise interest rates for the first time since 2018 and has several more rate hikes planned for this year.[1] Rising interest rates can have significant effects on the economy and your finances. Between a volatile market, high inflation, and rising interest rates, know how you’ll respond. The Federal Reserve Raising Interest Rates for the First Time Since 2018 The Federal Reserve recently voted to raise interest rates for the first time [...]

2022-05-06T15:45:55+00:00May 6, 2022|Economy, Federal Reserve, Financial Planning|

Why We Could See More Inflation and Market Volatility

As we saw during the COVID-19 pandemic, what happens somewhere halfway around the world can have a major impact on us. Now, the global economy faces new threats as a result of Russia’s invasion of Ukraine, including spiking energy prices, inflation, and a volatile market. Know how you could be affected and what strategies you can pursue to help protect your savings. Are You Protected from Market Corrections? We’ve seen market volatility recently and could see [...]

2022-04-21T13:13:34+00:00April 21, 2022|Economy, Retirement Income, Stock Market|

The Russia-Ukraine Conflict and Your Finances

Russia’s invasion of Ukraine could have major economic consequences around the world, including here in America.  After a tumultuous two years during the pandemic, the global economy faces new threats as a result of this conflict – spiking energy prices and inflation, supply chain disruptions, and market volatility. Our team of financial professionals constructs financial strategies designed to fortify the portfolios of all we serve. What Could This Conflict Have to Do With Your Wallet? As [...]

2022-03-03T16:07:02+00:00March 3, 2022|Economy, Stock Market|

How Much Are You Left With After Inflation?

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how much money you need to retire, consider what you’re left with after inflation. The Eroding Effects of Inflation We’ve seen sustained [...]

2022-03-03T16:04:15+00:00March 3, 2022|Economy, Financial Planning|
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