The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets. January is here and it is "new year, new you" month at MONECO. All month long we will be providing you with a host of content about new goals, new habits and new financial planning strategies to consider.
In this issue:
• Helping Out Sports Buddies (2 min read)
• 10 Financial New Year's Resolutions (3 min read)
• Jobless Claims Tick Up (3 min read)
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Sports Buddies
At MONECO, we pride ourselves in striving to always be giving back to the communities which we are so fortunate to serve in. Last week we highlighted Colleen Galushko on the team and this week it is Todd Schroeder's turn. When not working with clients and building out financial plans, Todd takes time to assist with Sports Buddies of New Canaan. Sports Buddies is a recreational program for youngsters with special needs designed to enhance the social, physical and emotional well being of children through a fun-filled sports experience. Children of all ability levels (ages 7 years to 23 years) are paired with typical youngsters (Buddies - ages 15 and older) to learn basic sports skills, improve physical condition, experience team dynamics, and have FUN!
Todd is a sports enthusiast that sees this program as yet another way to help out the community that the MONECO New Canaan office is so fortunate to be a part of. Keeping with the holiday spirit, Todd even showed up dressed as Santa Claus to bring additional smiles to the participants of the program last month. Reach out to Todd to get involved or learn more about the program.
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10 Financial New Year's Resolutions
As we kick off 2023 and "new year, new you" month at MONECO, we start off with 10 financial resolutions to improve your overall financial plan. Weather your goal is to save more, pay off debt or focus on longer term retirement planning, we are here to help. Give us a call to get your plan on track!
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Jobless Claims Tick Up
As inflation rose in 2022, the job market remained tight and stayed on the radar of the Federal Reserve, as they continued to raise interest rates. Although several economic indicators have shown their moves are beginning to have an impact on the overall economy, a slowing labor market was not one of them. Last week jobless claims ticked higher and although not good for those filing, an indicator that will clearly be closely watched by the FED as they chart thier next moves for rates in 2023. As always, if you have any questions, do not hesitate to reach out.
Your entire team at MONECO would like to take this time to wish you and your families a very Happy New Year!
The opinions voiced in this material are for general information only and are not intended to provide specific financial or tax advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.