The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. April is here and it is Financial Literacy month at MONECO Advisors. Having a strong foundation when it comes to financial literacy can help support a host of various goals, such as retirement, saving for education, and debt management. All month long we will be providing you content on the importance of spending, savings, budgeting and investing.
In this issue:
- The Financial Literacy Crisis (3 min read)
- Economic Boom On The Horizon? (3 min read)
- Back To School Decades Later (2 min read)
- BONUS: Webinar Invite - Turning Points On The Road To Recovery
If you enjoy our Weekly Wealth of Knowledge, don't forget to check out our content on Facebook, Linkedin, and Twitter! If you want to hear more about this issue, click on the video below of Financial Advisor, Reed Ameden.
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The Financial Literacy Crisis
Imagine driving a car without a basic understanding of the rules of the road or even how to operate it. Scary thought.
Here’s another scary circumstance – one that is all too real. Many Americans are making financial decisions with minimal financial knowledge of investing, budgeting, and credit. The TIAA Institute conducted a survey on U.S. financial literacy, asking 28 basic questions about retirement saving, debt management, budgeting, and other financial matters. The average respondent answered only about half of the questions correctly.1
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Economic Boom On the Horizon?
Jamie Dimon is quite bullish on the economy as vaccine roll outs continue and we all begin to get back into the groove of our daily lives. These factors, on top of the pent up spending and the steps the Federal government has taken to combat the impacts of the virus, may spur an economic boom that Dimon feels could potentially last into 2023.
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Back To School Decades Later
When retirement eventually comes, it can bring with it many life changes. More free time with friends and family, perhaps a more regimented exercise program and for some...more schooling. Many retirees today are taking advantage of educational opportunities and this time around, it's not necessarily to increase their pay check, but rather to benefit oneself for another reason. While some will still opt for the traditional in class learning, the online formats now available are also a great way to get back into the virtual classroom. Regardless of your motivation, this last piece of content highlights how many are returning to school after years away and some of the benefits of doing so!
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Webinar Invite: Turning Points on the Road to Recovery
As the world starts to recover from the COVID-19 pandemic and the economic disruption it caused, we are excited to invite you to a timely exclusive webinar — 2021 Outlook: Turning Points On The Road To Recovery. Click below for more information and to register.
While you're here, be sure to check out our FREE Shredding Day event on our website. This will be held outside of our office in the lower parking area on Saturday, May 8th from 10:00 a.m.- 1:00 p.m. As a bonus, while you are cleaning out your closets as well, we will also be partnering with //www.saveasuit.org/ and collecting unwanted professional clothing to be donated to veterans transitioning back into the workforce. We hope to see you all there!