Posts Tagged ‘covid 19’
Preparing for a Post-Pandemic ‘Supercharged’ Economy
This week Michael Andersen discusses a post-Covid-19 economy and what you need to do to protect your investments and retirement planning from the potential corrections and crashes we may see in the markets over the next year or two.
Read MoreReimagining Finances During A Pandemic
The Coronavirus has hit us all hard. For many of us, we’ve had to totally reimagine our way of life. This is especially true when it comes to how we think about saving and spending money. How do you think COVID-19 has affected the way that people are saving money? This week, we take a look at what the analysts are saying when it comes to how savings strategies have had to transform in light of the pandemic.
Read MoreHas Covid-19 Rocked Your Financial Confidence?
If you have been relying on your retirement savings to help get you through this pandemic, know that you’re not alone. In this episode of Wise Money, Michael Andersen provides advice on how you can protect and bolster your retirement savings and regain your financial confidence.
Read MoreYour Money and Coronavirus
If you need help navigating the new circumstances that we find ourselves in, read on to learn how to best protect your financial interests in the time of coronavirus.
Read MoreThe SECURE Act: How it Could Affect Your Retirement and Estate Plans
The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019, and it took effect on January 1, 2020. Overall, the legislation is intended to strengthen retirement security nationwide, but it also contains multiple changes that impact retirement and estate planning. Let’s dig into a few of the most significant provisions.
Read MoreHow to Keep Perspective During the Covid-19 Outbreak
We are facing something we have never faced before in our lifetimes. That is a fact and, during a time, when the news of the pandemic spreading and the recommendations on social distancing are getting broader by the day, it can be hard to feel certain or safe about anything.
As troubling as it is to watch the unprecedented market decline and hard it is to tune out the fact that you know you are losing a lot on your investments, we need to maintain our health and the health and safety of our family, friends, and neighbors as the number one priority. Covid-19 which emerged late in 2019 in China has spread rapidly worldwide since then and is a global pandemic. The measures taken by leaders around the globe have been strong leaving most children without a classroom to go to, parents working from home or without a job altogether and investors panicking about what is to come.
This disruption to daily life and to our psyches is substantial and it’s terrible. The coming weeks will not be easy, but these measures are practical and prudent.
Our Current Reality is not Permanent
The markets have made a clear statement as to what they think of this short-term reality. They have recognized that what is necessary to combat a further global public health crisis far worse than what we are seeing now will also result in a great deal of collateral economic damage. Short-term growth, which drives optimism for many investors and that, as we know, is really what the market thrives on, will be stunted. Economists have resigned themselves to the fact that a mild recession is inevitable, though experts believe it could be short-lived.
Read MoreCOVID-19 Update: A message to Clients from President Michael Andersen
We are facing something we have never faced before in our lifetimes. That is a fact and, during a time, when the news of the pandemic spreading and the recommendations on social distancing getting broader by the day, it can be hard to feel certain or safe about anything.
The measures taken by leaders around the globe have been strong leaving most children without a classroom to go to, parents working from home or without a job altogether and investors panicking about what is to come.
Read More