The financial strategy action plan (FSAP) is a detailed inventory of your current and complete financial situation. The full scope of the action plan often includes a review of life insurance, estate planning documents, real estate, business plans, and other important family matters.
Given the recent political changes, we expect there to be a mixed reaction from a policy perspective as greater stimulus spending this year will likely be accompanied by increased regulation on businesses and somewhat higher tax rates within the next few years.
With the rollout of the COVID-19 vaccine, the market has clearly taken notice of the news, with stocks around the world broadly higher since November 9th, when the effectiveness rate for the first vaccine became public.
We'd like to take a minute to share what we're grateful for as we head into the new year, including each and every client, the new skills we've learned, appreciation for our communities, and new ways of living.
Whether you were worried about higher taxes or more tariffs going into the election, you have a lot less reason to be concerned today, even with worse COVID-19 news in many States the week following the elections has been positive for most stocks and slightly negative for longer term bond prices.
We think it is particularly important this year for investors to prepare themselves for some post-election volatility, especially if the results of the election are unclear for many days afterwards.
No two investors are the same, no two women have perfectly aligned outlooks on financial matters, and no two men manage their wealth in identical ways. But there are interesting findings from recent research that are worth discussing with regard to women and investing.
Let's be honest, a lot of us were ill prepared for the financial responsibilities we had when we were young adults, and these mistakes can be costly. In our latest video installement, we discuss why it's so important to start educating kids about money early.
Although in many ways this has been a very unusual year, the quick rebound in the stock market is consistent with one historical pattern.
Anytime you change employers, leave a job, retire, you have a big decision to make regarding the retirement balance in your former employer's qualified retirement plan.
With the second quarter earnings season now underway, we are starting to get a much clearer picture of the economic damage created by COVID-19.
In our opinion, the second-quarter rally of global stocks reflects investors trying to look through the current period of economic weakness and focusing on future growth, in this lower interest rate world.
The centerpiece of your investment plan is your asset allocation, the mix of stocks, bonds, and cash in your portfolio. The allocation you choose depends on your unique situation, taking into account your age, time horizon, goals, risk tolerance, and much more.
As we continue to navigate through this new normal, we wanted to share some of our market comments with you.
Learn more about why the Huffman Mayer Paolo Wealth Management Group loves being your financial advisory team.
The last few months, the world has changed dramatically, and one of the things we'd like to start doing is providing you with some information through these videos.