The Week Ahead: June 21, 2021: Market Update, Family & Summer Savings Month, COVID-19 update, all this and more in The Week Ahead!
Posted on June 25, 2021
Your Weekly News and Updates
June 21, 2021
Taylor Financial Group, LLC hopes you had a Happy Father’s Day!
“The quality of a father can be seen in the goals, dreams and aspirations he sets not only for himself, but for his family. ” – Reed Markham
CURRENT STATE OF THE MARKET (NEW)
Weekly Market Commentary 06.21.2021
Higher-Than-Expected Inflation Rates Cause Consumer Spending to Slow; Fed Adjusts Forecasts For Future Hikes
Published by The Carson Group, LLC
The Federal Reserve raised its inflation forecast 1.0% for this year to 3.4% and indicated inflation will stay near its target of 2.0% in coming years. Based on a more rapid recovery and higher-than-expected inflation in recent months, Fed officials estimate the Fed will raise interest rates twice in 2023. The moves also suggest the Fed will start reducing its bond-buying program this year rather than in 2022….Read More
A ROADMAP FOR KEEPING YOUR MONEY SAFE AS YOU AGE (NEW)
Podcast by Society of Actuaries provided by Taylor Financial Group
Adults over age 65 are faced with many new challenges since the novel coronavirus became a global pandemic. Not only are they more vulnerable to the effects of the disease, they are also threatened by economic repercussions that have affected their retirement savings. At a time of so much uncertainty, planning for the future can feel like a futile exercise. But at the same time, older people are more acutely aware that illness and disability can strike at any time. Preparing for changes in financial capacity is essential for a secure retirement….Listen Here
JUNE IS FAMILY & SUMMER SAVINGS MONTH (NEW)
Summer Saving Tips
SouthWest Electric Image provided by Taylor Financial Group, LLC
Here you’ll find strategies to help you save energy and keep costs down during the spring and summer when the weather is warm and you are trying to keep your home cool. Some of the tips below are free and can be used on a daily basis to increase your savings; others are simple and inexpensive actions you can take to keep energy affordable through the spring and summer…. View Image
7 Steps to Take When Aging Parents Need Help
DailyCaring Article Provided by Taylor Financial Group, LLC
If your aging parents need help to stay safe and healthy, you might be unsure about how to handle the situation.
Figuring out their needs, understanding the options, and making decisions can feel overwhelming. Focusing on something concrete helps you feel more in control of the situation.
Use these 7 steps to turn the vague problem of “my aging parents need help” into a practical, realistic plan to help mom or dad be as healthy and happy as possible….Read More
DIAL INTO OUR VIRTUAL OFFICE HOURS
FOR CLIENTS, PROSPECTS, FRIENDS & FAMILY (NEW)
Every Monday from 4:15pm – 5:00pm EST
Our “Office Hours” are exclusive to clients, prospects, friends, and family who would like 1-on-1 access to Debra Taylor and her opinions on the current state of the markets and how that might impact you and your family!
Debra will begin each session by discussing the markets briefly and then open up the floor to questions from the audience. We hope for this to become a place for people to connect each week and discuss important financial topics on their minds!
Questions can be asked LIVE during office hours or sent to AnnMarie in advance!
UPCOMING WEBINAR LED BY DEBBIE TAYLOR
Second Quarter 2021 Review and a Look at the Year Ahead!
**Due to the holiday we are moving the webinar from the first to the second Thursday of the month**
Join us Thursday, July 8th at 4:15 pm EST!
Debra Taylor, Lead Wealth Advisor, will speak about the major themes in the financial markets from Q2 and how to help improve your wealth and investments in 2021 and beyond.
Here’s what Debbie will address:
2nd Quarter Review, current market trends and where they could take us in the coming months
Major tax changes under the Biden Administration and how they may impact your future planning
Investments to consider for 2021
Ways to help improve your wealth in 2021 and beyond
TEE OFF WITH TAYLOR FINANCIAL GROUP (NEW)
You are invited to “Tee Off” with Rob Taylor, Senior Wealth Advisor of TFG, at the Ramsey Golf & Country Club!
Each tee time is limited to 3 spots, so please let us know your availability soon so we can secure your spot!
Wednesday, June 30th
Wednesday, July 14th (Closed-Out!)
Wednesday, July 28th
12 pm-5 pm (estimated times and depending on the “19th hole”)
Each Golf Outing offered is assigned on a first-come-first-serve basis so RSVP ASAP!
Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). You may have even gone so far as to take a sneak peek at your account statements …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, For investors, it may feel like déjà vu all over again as inﬂation and the Fed dominate market headlines on a day-to-day basis. After all, the numerous market swings last year were driven by ever-changing expectations around the Fed – …
Matt Kory, Vice President, Retirement Programs As a retirement income vehicle, the 401(k) is second in popularity only to Social Security – and as CNBC reported in 2019 the number of 401(k) millionaires is at an all-time high. But is a million dollars even enough for your retirement needs?