The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets. November kicks off "giving" month at MONECO, as we welcome in all that we should give thanks for. All month long we will be providing you content on how to give back in many ways, to your friends, your community and to your family. And let’s do our best to continue this trend, not just this month, but throughout the entire year!
In this issue:
• Sticks For Soldiers (2 min read)
• Secure Act 2.0 & Your Retirement (3 min read)
• October New Home Sales Jump (2 min read)
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Sticks For Soldiers
As we close out November and "giving" month at MONECO, we wanted to take some time to highlight one of our own, Ginnie Thompson, Managing Partner. Her and her family are the epitome of giving back to the community we have been so fortunate to operate in for over 40 years. On November 26th, over the holiday break, Ginnie and her family once again took time out of their busy schedules to support the Sticks For Soldiers charity event (https://www.sticksforsoldiers.org/). Ginnie & her husband Bryan have been on the Advisory Committee for over 15 years. In 2021, 24 boys and girls teams that included over 350 high school athletes raised over $50,000. In 15 years, over $1 million has been donated locally to wounded servicemen and women and their families. If you would like to get involved or learn more, don't hesitate to reach out to Ginnie in the office.
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Secure Act 2.0 & Your Retirement
The U.S. House of Representatives recently passed a new retirement bill called SECURE 2.0, which is designed to build upon the SECURE Act of 2019. Although the bill is currently being reviewed by the Senate and not law just yet, there are a few things you should be ready to take advantage of should it pass, that could impact your retirement savings. As always, if you have any questions, do not hesitate to give the office a call.
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October New Home Sales Jump
Despite the pressures being felt throughout the housing market with higher mortgage rates, new homes sales unexpectedly jumped in October. In addition, the median price also increased. As the FED continues to navigate its future monetary policy moves, it is unclear how they will react, if at all, to this recent data.
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.