The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community.
In this issue:
- Green shoots in the road ahead (2 minute video)
- June is National Safety Month - life insurance (3 minute read)
- Support your local businesses - (2 minute read)
Green Shoots in the Road Ahead
Green Shoots is term used to describe economic recovery and other positive data during an economic disruption. The reference actually relates to plant growth and recovery in general, and is often used during down economies to describe signs of similar future growth. In this week's Street View, LPL's Chief Investment Officer, Burt White, discusses the economy reopening and what the road ahead may look like...click here to watch the video.
Assess Life Insurance Needs
If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances. In fact, according to a 2019 study conducted by Life Happens and LIMRA, which closely follows life insurance trends, nearly 50 percent of Americans say that they have no life insurance coverage at all, even though over two-thirds of Americans recognize the need to obtain it.
Click here to continue to read.
Support Small Business
A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses. The first one in the United States started in New York in 1768. The United States Chamber of Commerce was founded in 1912 and promotes pro-business issues via lobbying efforts at the national level to this day. Soon, other chambers began to pop up across the country at the state as well as local level, with similar goals driving their messages within the communities they operate.Here at Moneco Advisors, we have long been an avid supporter of the
Fairfield Chamber of Commerce. In fact, our own John Rosenau and Charlie Rocco even hold volunteer leadership positions within the organization.
Throughout the current market disruption, the Fairfield Chamber of Commerce has been a tremendous resource for local small business and the group's general membership. For the past several months, they have hosted a series of webinars to assist businesses in navigating these unprecedented times, that included conversations with government officials as well guidance on SBA loans and taking advantage of some of the programs that came about with the passage of the CARES Act. Now that the economy is slowly starting to reopen, it is critical that we do all that we can to support local businesses and your Chamber of Commerce is a great place to start. Most websites will list those members that are offering specials and other incentives to help drive their recovery. Don't know where to look? We have attached a great directory to help you find your local chamber of commerce throughout the country.