Latest Posts

Stay Focused And Try To Keep It Simple Where Necessary

by Chad Hassinger on Mar 20, 2020

Finance

Provided By Robert A. Mecca, CFP®, MBA
Vice President, Wealth Management

Sometime in our past, we are likely to have complicated issues more than the situation at hand warranted. Perhaps we miscalculated, overestimated, or we thought that there must have been more to it to properly solve the problem. At times there are, indeed, many variables involved which can complicate things. Other times, the solution is simple...

How to Stop Worrying and Love a Falling Stock Market

by Chad Hassinger on Mar 20, 2020

Finance, Lifestyle, Weekly Market Commentary

How to Stop Worrying and Love a Falling Stock Market

The fact that stocks are extraordinarily volatile right now, in that sense, isn’t a problem with stock investing — it’s a feature! If it weren’t for these periods of fear, stocks would trade at levels that offer returns more like bonds or cash. The fancy academic name for this is the “equity risk premium,” but an ordinary saver can simply think of higher long-term returns as the compensation you receive for tolerating volatility...

The U.S. Is In A Bear Market. There Could Be A Recession. But This Is Not 2008.

by Chad Hassinger on Mar 20, 2020

Finance, Weekly Market Commentary, Lifestyle

The U.S. Is In A Bear Market. There Could Be A Recession. But This Is Not 2008.

The bear market was caused by the COVID-19 outbreak and not a systemic collapse of the financial system. This is a really important point to keep in mind as it’s highly probable that whenever this passes, the economy will be able to recover rather quickly. There are signs that the government will make efforts to help ensure that hourly workers and those not able to work remotely will receive some sort of aid, which will help limit the extent of the downturn and help boost the speed of the recovery...

Planning vs. Panic

by Chad Hassinger on Mar 18, 2020

Finance, Weekly Market Commentary, Lifestyle

Fear and Panic vs. Courage and Planning

The last week has been unlike anything that most of us have seen in our lives. We’ve gone from “last year 37,000 Americans died from the common flu…Nothing is shut down, life and the economy go on” to the NBA and NCAA tournament getting suspended, bars & restaurants closed except for take out, companies going to remote work, schools closing and the market enduring 1,000 to 2,000 point swings per day...

Coronavirus Concerns? Consider Past Health Crises

by Chad Hassinger on Mar 9, 2020

Finance, Lifestyle, Weekly Market Commentary

Coronavirus Concerns? Consider Past Health Crises

During the last week of February 2020, the S&P 500 lost 11.49% — the worst week for stocks since the 2008 financial crisis — only to jump by 4.6% on the first Monday in March. By all accounts, the drop was largely driven by ever-increasing fears about the potential effects of the coronavirus (COVID-19) and its ultimate impact on the global economy...

March Monthly Economic Update

by Chad Hassinger on Mar 8, 2020

Finance, Tax Planning, Estate Planning, Weekly Market Commentary

March Monthly Economic Update

In February, anxieties about the novel coronavirus (COVID-19) rippled through stock, bond, and commodity markets. Stories about the disease dominated the news cycle, and concerns that a pandemic might occur hurt equities. The S&P 500 slipped 8.41% for the month, and foreign stock markets also retreated....

The SECURE Act and Your Retirement Savings

by Chad Hassinger on Feb 25, 2020

Tax Planning, Finance, Retirement

The SECURE Act and Your Retirement Savings

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits...