The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. February kicks off "generational planning" month at MONECO, where all month we will be providing you a host of content about transferring wealth to other members of your family and the appropriate strategies and benefits of doing so.
In this issue:
• Navigating Social Security Benefits (3 min read)
• Inflation On The Rise, Jobless Claims Fall (2 min read)
• Multigenerational Travel (2 min read)
• BONUS: Markets Webinar - 2022 Themes & Challenges
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Navigating Social Security Benefits
As we know, Social Security can be a valuable resource when it comes to planning for your retirement income needs. But did you know that there are 13 kinds of different payments you may receive? Your team at MONECO has several tools that can help you navigate the best claiming strategy for you and your family and how it should be part of your overall financial plan. As always, if we can assist or you have questions, don't hesitate to reach out to your financial advisor.
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Inflation On The Rise, Jobless Claims Fall
The Consumer Price Index (CPI), a main gauge of inflation, was up again in January and higher than estimated. With news like this dominating the headlines, inflation is and will always be present in our economy. Rather than looking at this one indicator and potentially overreacting, it is better to focus on your long-term financial plan, which will consider volatility brought on by such occurrences as inflation. We will be discussing how inflation and higher interest rates to stem it, could impact your investments in 2022, so be sure to register for our upcoming webinar on March 3rd at the bottom of the blog.
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Multigenerational Travel
As we continue with the theme of "generational planning" this month at MONECO, we look at the ever-growing trend of multigenerational travel. Some say these types of trips coming out of the pandemic, almost act as mini reunions, after not being able to get family together for quite some time. Others feel the rise is due to a family unit wanting to add to their legacy with fond memories of a multigenerational trip. Do you have one of these planned for 2022?
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Markets Webinar - 2022 Themes & Challenges
MONECO Advisors is excited to invite you to join us as we partner with J.P. Morgan to highlight the key themes and challenges impacting our current market environment. This will include discussion on the current interest rate environment and what could be on the horizon, as well as the economy emerging from the pandemic, the job market and much more. Further explanation will be offered on how these themes could impact your portfolio in 2022 and beyond.
