On April 29, the Bureau of Economic Analysis released an advance estimate of U.S. economic growth in the first quarter of 2020. The estimate showed a decline of 4.8 percent for the quarter. Remember that this analysis is based on incomplete data and will be revised over time as more information is confirmed. And remember …
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Reasons for optimism in today’s market climate
It continues to be crazy time in America. In Minnesota, we have a “stay at home” order in place. No school for the kids. No face-to-face meetings. No in-person church. Things are challenging. We still don’t know exactly how the Great Pandemic of 2020 will turn out. Our first priority is to defeat the COVID-19 …
Read this before you open your financial statements
Financial statements for the first quarter of 2020 are on the way, and because of all the recent market fluctuations you may be feeling nervous about having lower balances in your accounts. Remember, I promise to always place your interests first. I am proactively monitoring and adjusting your investments any time I think it will …
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Four great COVID-19 financial resources
I’m sure that you are dealing with ongoing uncertainty due to the global impact of the COVID-19 Coronavirus. Whether you’re concerned about your health, your employment, your loved ones, your retirement, or all of the above, it can be hard to take in all the news that’s out there while remaining calm and focused. If …
What happens if my financial advisor dies?
I was talking with a client recently and was reminded of how important a business succession plan can be. My client called to talk to her trusted personal banker at the local bank. She was told that he had retired. She was directed to a replacement banker and she left a voice mail. A week …
Three tips to reach your financial goals
We are about three weeks into 2020. If you are like most Americans, you may have already given up on your New Year’s resolutions. About 40 percent of Americans set a resolution and about 60 percent of them fail within six months, according to University of Scranton psychology professor, John C. Norcross. Maybe this is …