The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. With May being Eldercare month at MONECO Advisors, all month long we will be providing you content on surrounding some of the unique financial challenges facing our seniors today. Whether you are in your Golden Years or assisting someone who is, we are confident that you will find the information helpful.
In this issue:
- Caregiving Costs (4 min read)
- Inflation & What You Need to Know (3 min read)
- 8 Ways Gardening Can Benefit Seniors (3 min read)
If you enjoy our Weekly Wealth of Knowledge, don't forget to check out our content on Facebook, Linkedin, and Twitter! This week we have one of our Client Relationship Managers, Stephanie Van Albert, introducing our latest content and events.
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Caregiving Costs
While planning for eventual retirement can be an exciting time, there are certain costs that may be unforeseen and not overlooked. Although deciding where to reside in retirement, what activities will fill your additional free time and how you will spend your days is important, potentially working into the budget a need for caregiving is also critical. This week our friends from AARP outline how you should plan for this expense and how to approach it. As always, we are here to help and answer any questions.
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Inflation & What You Need to Know
Recent reports that traditionally signal an upcoming potential inflationary environment have ticked up lately. It is important to note that this historically occurs sometimes in periods of economic expansion, in this case, following the downturn brought on by the pandemic. As financial planners, we help create strategies that help to weather all types of environments and adapt those plans to these situations, including dealing with inflation. In addition, although the headlines may be about inflation, there are many other fundamentals that continue to state that this recent tick up, could be transitory in nature due to the pent up demand in the overall economy. Know that your team is monitoring the situation and are here for you, as always, if you have any questions or would like to discuss.
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8 Ways Gardening Can Benefit Seniors
At MONECO, we are big fans of outdoor activities at any stage of life. But this month, keeping in line with the theme of Eldercare, here is a great piece of content on some of the many benefits of taking your gardening hobby to the next level in retirement. In addition to the obvious of being able to smell the roses, gardening has a host of other benefits that can help boost self esteem, carry with it a sense of self accomplishment and a great exercise activity to name a few.
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The Fairfield Police Sunset 5k- Presented by MONECO Advisors
Click here to learn more and sign up!
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