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Weekly Wealth of Knowledge - Week of 3/18/24

March 18, 2024

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! In March we will continue to focus on "retirement planning." Throughout the month we will be providing you with a host of content about planning for retirement and all the things you need to be doing to prepare for it and enjoy it, if you are already there.

In this issue:

  • MONECO Insights - Healthcare In Retirement (3 min read
  • Team MONECO - Orion Ascent Conference (2 min read)
  • Sticky Inflation (3 min read)

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Healthcare In Retirement

As individuals age their healthcare needs evolve and therefore needs more attention when choosing the right covergerage. Medicare serves as the cornerstone of healthcare coverage for most retirees in the United States. There are several different options, understanding what would be most beneficial for you would be a great place to start. Because Medicare doesn't cover all healthcare expenses, many retirees opt for supplemental insurance to fill in the gaps. As you read you will also gain insights on long-term care planning as well as habits to maintain good health. As always, if you have any questions, we are here for you!

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Team MONECO - Orion Ascent Conference

At MONECO, we are constantly striving to exceed our client's expectations, both inside and outside of the office and always be learning. Frequently attending conferences that are hosted by some of our technology partners is a big part of this. The firm leverages a very robust portfolio accounting software that powers our client portal and is critical for ongoing analysis and reporting. Last week one of our Senior Relationship Managers, Kyle Scafariello, attended the Orion Ascent Conference to learn more about how the firm can further leverage this platform. The conference included over 50 break out sessions, 30 speakers and 5 deep dive workshops to learn how we can further immerse ourselves in this technology for the benefit of our clients.  The team is anxiously looking forward to hearing from Kyle everything he was able to learn and put into motion upon his return!

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Sticky Inflation

Last week the Consumer Price Index (CPI) showed prices rose 0.4%, which marked the largest monthly increase since September. On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.4% over the prior month and 3.8% over last year. This may indicate that rate cuts sooner rather than later are still a possibility, as inflation gradually comes down. If the costs of shelter come down faster, than the Fed could become more confident about rates dropping, as shelter is a major contributor to core inflation. As always if you have any questions, we are here for you! 

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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.

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. 

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.