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MONECO's Weekly Wealth of Knowledge - Week of 10/11/2021

October 12, 2021

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. October kicks off "breast cancer awareness" month, where we will be providing you content on how to get involved to support the continued battle against this horrible disease. This will include ways to give, get involved with advocacy, as well as ensure you are educated on how to carry the torch, not just in October, but throughout the year!

In this issue: 

  • Solving The Nation's Labor Shortage Problem (3 min read)
  • September Private Payrolls Top Estimates (2 min read)
  • Brands That Are Giving Back (2 min read) 
  • BONUS: Upcoming Webinar - Social Security - Planning For Retirement 

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Solving The Nation's Labor Shortage Problem

You have heard us talk about MONECO Advisors' commitment to always be giving back to our communities and the business that operate in them. Small businesses specifically, are at the core of any town and as we all know, the recent pandemic has been very challenging on them. Now, many are facing labor shortages that have added to the problem. Goldman Sachs CEO, David Solomon, shares his thoughts and recent experience of how one of the solutions to the labor shortage could be sitting in our own backyards: leveraging the talent pool at community colleges across the country. 


September Private Payrolls Top Estimates

Private payrolls being reported by ADP, one of the nation's largest payroll providers, top estimates in September. As the economy continues to digest some uncertainty, private companies are still hiring, with leisure and hospitality industries leading the way, another positive sign that people are beginning to venture out again. This report marked the ninth consecutive month of private payroll growth in the U.S. economy. Will it hold?

Click here to read the full article


Brands That Are Giving Back

Again in helping to promote October as "breast cancer awareness month," this week we take a look at those brands that have pledged all month long to give back to increase awareness and funds for the cause. We know we will do our best to support this initiative, but will you? Together, not just this month, but all year long, let's all do our best to do whatever we can in fighting for a cure.

Click here to read the full article


Upcoming Webinar: Social Security - Planning For Retirement

According to the Social Security Administration, on average, retirement beneficiaries receive 40% of their retirement income from the program.* From a financial planning standpoint, it is imperative to determine where the shortfall of needed income will be made up. Claiming strategies and the timing of when to begin receiving benefits can often have a big impact on your overall retirement goals.

Join us to discuss the impacts of social security on your financial plan, claiming tactics, strategies and timing!