Falling for common investing myths negatively impacts the health of your portfolio. Learn 10 common money myths and how Summit helps you stay on track.
Chad Warrick
7 posts
Much has been made of the rise and power of a new clan of retail investors. This new type of ‘investor’ has been bred by the pandemic and shutdowns. They have lots of time and extra cash on hand courtesy of government stimulus checks and canceled vacations and activities. When you combine those factors with low to no commission trades, easily accessible trading apps, and a rising stock market, you have all the necessary ingredients for a classic bubble in select stocks.
The election of 2020 is currently being advertised as one of the most historic elections. However, from our perspective, we see this election year as having many of the same attributes as past ones.
We believe it is important to understand the underlying circumstances affecting the Markets—and how we are working through them, especially during these times of uncertainty, where the latest headlines could be contributing to our economic outlook.
We believe it is important to understand the underlying circumstances affecting the Markets—and how we are working through them, especially during these times of uncertainty, where the latest headlines could be contributing to our economic outlook.
One of the most significant concerns expressed by many of our clients is the unknown cost of healthcare during retirement. In addition to the price of basic healthcare, it's the variable cost of long-term care, should the need arise, that can be difficult to plan for.
An increasing number of women are taking the lead in financial affairs – whether for themselves, their families, or in response to an unfortunate loss of spouse. A couple critical questions should be asked (and no, not just by women): “What does retirement mean to me?” And, “how do I determine if I am getting the right advice (and complete advice)?” Many clients we meet who are preparing for life in retirement aspire to travel, volunteer, develop their hobbies, begin a new and exciting career, and more. Whatever your goal, a retirement income plan that's designed to support the retirement lifestyle you envision, and minimize the risk that you'll outlive your savings is critical.