The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets. March kicks off "retirement planning" month at MONECO. All month long we will be providing you 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:
• Team MONECO - Wallingford Symphony Orchestra (2 min read)
• Transitioning Into Retirement (3 min read)
• Assessing The Latest Rate Hike (2 min read)
BONUS:Fairfield Police Sunset 5k - Presented by MONECO Advisors
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Team MONECO - Wallingford Symphony Orchestra
By actively participating in our local community, the team at MONECO Advisors has the opportunity to create meaningful and positive impacts in the places where we live, work, and raise our families. As a way to showcase our involvement and support for various organizations, we are shining a weekly spotlight on one group, aiming to raise awareness and recognition for the incredible work they do on a daily basis.
One of the groups that our team is involved with is the Wallingford Symphony Orchestra(WSO). The WSO provides professional quality orchestral music to the community and fosters musical abilities and appreciation among the youth as a not-for-profit organization. One of our Advisors serves as the current President of this organization!
The WSO annually presents four concerts during the season. The initial concert is generally held in October or early November followed by a Holiday concert in late November or early December. The concerts are presented in the Ann and George Colony Hall on the Choate Rosemary Hall campus in Wallingford, so if you’re looking for a great organization to support, consider supporting this one!
Pictured below is MONECO's Colleen Galushko, Financial Planner (pictured right), with world renowned pianist, Kariné Poghosyan, from a recent event at the WSO!
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Transitioning Into Retirement
Transitioning into retirement is much more than planning for where your income will be generated from once you eventually stop working. It often includes a major mental shift in how you approach this new stage of life, outside of your financial situation. Here are 5 key strategies to help with this transition from a seasoned life coach. As always, if you have any questions, do not hesitate to reach out to the office!
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Assessing The Latest Rate Hike
As was anticipated, the Federal Reserve increased its key benchmark interest rate last week by .25%. Although this was expected, as is often the case, it is what is stated by the FED that is almost more important than their actions. They signaled that they may be at the end of their rate hiking cycle, which was welcome news to many. Now that the rate increase is in, how will this impact you in the course of your day to day finances? Read below to find out and we are here for you if you have any questions.
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Fairfield Police Sunset 5k - Presented by MONECO Advisors
The 5th Annual Fairfield Police Sunset 5K is Presented by MONECO Advisors and will be held again this year on July 19th at 6:30P.M. All proceeds will be donated to the Fairfield Police Union Scholarship Fund & the Fairfield Police Foundation. You can run (3.1 mile) or walk (1 mile) course. We were able to increase the number of participants to 1000 this year and do expect to sell out, so don't delay, sign up today for Fairfield's most memorable night of the summer! Sponsorship opportunities available via the registration link as well.
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.