Covid-19 has disrupted tax and retirement planning for small-business owners, especially those who focused on saving their businesses from the pandemic's fallout earlier this year. With some hard work, however, there is still time to get back on track by Dec. 31.
Read what our advisors and planners have to say about wisely managing your financial future.
Welcome back to the second installment of our COVID-19 Six-Month Review. We will pick up right where we left off, with three additional planning opportunities to take into consideration heading into year-end.
Entering the fourth quarter, all eyes are on the U.S. presidential election. As is the case every four years, the dire predictions of what is to come if either candidate wins are now daily headlines. Although we will hopefully have more clarity around the direction the country is headed after November 3rd, we want to remind investors that political promises and predictions are not always the way things turn out.
Labor Day signals the traditional conclusion of summer. Temperatures decline, the swimming pools close, and the last students head back to school. For many, it is a transitional time of year to reflect on a fun summer and then get back to business, refocusing on their annual goals and priorities.
With the U.S. election less than three months away, investors have begun bracing themselves for what is sure to be another vitriolic presidential campaign. Commentators across all media outlets are hyping this as a watershed event that will reshape the country for decades to come. This type of rhetoric can plant fear in the minds of investors as many of these “experts” are recommending dramatic portfolio changes based on the outcome.
It’s a universal truth that we learn things about ourselves during difficult times. So, perhaps now is the time to better understand your relationship with money so you do not let your stress behaviors derail your financial game plan.
Check out what our advisors and planners have to say about wisely managing your financial future.
Are you tired of the overly negative sentiment of today’s media? The nonstop negativity about the impact of the election outcome, Coronavirus, etc.? Fear sells, and as humans, we know how to use it to motivate our behaviors…welcome modern marketing.
What a wild and crazy year 2020 has been. The fortitude of most investors has already been tested multiple times, and with the election only a few weeks away, many will continue to have their blood pressure and risk tolerance tested.
After every major stock market decline a handful of investors will start asking themselves why they didn’t sell after the market dropped around 10%? The logic appears so simple after the stock market drops 20% or more, right? Investors can now see with perfect hindsight that the first 10% was only the beginning and they should have known more was to come.
They’re back!! It may be hard to believe but unfettered excitement over investing in technology stocks has returned with a vengeance. It feels like a lifetime ago – actually, barely five months – when fear swept through the financial markets as the Covid-19 global pandemic sent the world economy into an abyss. Entire economies were effectively shut down with ramifications as uncertain as predicting the weather.
As creatures of habit, it often takes an intense experience to shake us out of our routines and get us to examine how we are spending our lives. For many, COVID-19 was a jolt that jump started them to examine their habits and priorities, and for some the forced sabbatical gave them the time necessary to make positive changes.
At the onset of the COVID-19 pandemic, I noticed an important shift in my life and in the lives of many around me. I struggled to appropriately articulate this feeling, but before March of 2020, I sometimes felt like the world was on a treadmill. With each passing measure of time, the speed and incline seemed to be increasing a fraction of a degree, so that over time too many of us were in a state of constant distraction, using the term “busy” when describing any portion of our lives. Life was flying by and we were too distracted to notice…
As recent graduates from Virginia Tech and the University of Georgia, we have experienced the effects of Covid-19 firsthand through finishing our senior year online, in quarantine, and without any guidance as the world has not seen a pandemic this large in over a century. The uncertainty surrounding these trying times may leave you feeling stressed or powerless, but we wanted to share some of our experiences and discuss different strategies we used for fighting back against Covid-19 (in addition to wearing a mask!).