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Weekly Wealth of Knowledge - Week of 12/11/23

December 12, 2023

The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, the markets and more! December kicks off "small business" month at MONECO.  All month long we will be highlighting ways we can all support small businesses within our local communities this holiday season and beyond. We would also like to take this time to wish all of you and your families a safe & happy holiday season! 

In this issue:

  • MONECO Insights - Small Business Retirement Plans & PEP (3 min read)
  •  Team MONECO For The Win! (2 min read)

  •  Promising Shift In Labor Statistics (3 min read)

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Small Business Retirement Plans & PEP

This week our Insights team takes a look at small business retirement plans, as well as the rise of Pooled Employer Plans (PEP). Having a retirement plan for your small business is vital for the future of your business. Traditional retirement plans are a great option, however, while they offer flexibility, they may come with administrative complexities and costs that can be burdensome for small businesses with limited resources. As always if we can help in any way, do not hesitate to reach out!

Click to Read Full Article


Team MONECO For The Win!

At MONECO, we are fortunate to be centrally located to several top notch universities. Over the years, our challenging internship program that focuses on all areas of wealth management and financial planning has evolved, mainly due to the talent we have access to. Last week we closed out another semester with two great interns from Fairfield University, Sara Wentland & Matt Molta. Over the course of the semester, they have been invaluable contributing members of the greater MONECO team. They gained experience in all facets of the business, which included helping to assist with compliance tasks, operations, marketing, client management and investment management. But before we sent them home for the holidays, in typical MONECO fashion, we treated them and some of the team to a pizza party as a thank you for all of their hard work. Although we will say bye to Matt for now, we look forward to welcoming back Sara, as she will return next semester for another round. We can't thank you enough Sara & Matt and are confident that your semester with the team was a positive one! (pictured below is some of the team with Sara & Matt, post pizza party)


Promising Shift In Labor Statistics

In yet another sign that could impact the Federal Reserve's future monetary policy moves, an important labor report came out last week that is closely watched by the FED. The Job Openings and Labor Turnover Survey, or JOLTS report, shows the ratio of job openings compared to the number of unemployed workers. This latest report shows that this ratio is coming into better balance, something the FED has been wanting to see. Have a read below to learn more and as always, if you have any questions, do not hesitate to reach out.

Click to Read Full Article

Important Information

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.

This commentary reflects the personal opinions, viewpoints and analyses of the MONECO Advisors employees providing such comments, and should not be regarded as a description of advisory services by MONECO Advisors or performance returns of any MONECO Advisors client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. MONECO Advisors manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.