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Weekly Wealth of Knowledge - Week of 3/4/24

March 06, 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! March is here and we will 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 - Retirement Savings Plan (3 min read)
  • Team MONECO - Fairfield University Finance Club (2 min read)
  • PCE Comes In Low (3 min read)

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Retirement Savings Plan

Planning for retirement is an important step to feel comfortable and confident in your future. Start by asking yourself a few questions that will help you determine what is most important to help determine your goals. For example, when would like to retire? Or what do you dream of doing once retired? Your plan will be unique to you, and overplanning is no such thing when it comes to your future. As always, if we can help in any way, do not hesitate to reach out!  

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Team MONECO - Fairfield UniversityFinance Club

At MONECO, we strive to always be giving back to the communities that we are so fortunate to operate in. We have long had a true partnership with the students at Fairfield University, who are often participants in our internship program. So last week when one of our  amazing current interns, Sara Wentland, invited us to speak at the Finance Club meeting, two of our Senior Relationship Managers, Kyle Scafariello & Chris Levene stepped right in.  It was a panel discussion on how they landed in their current roles and described the career path that got them to where they are today. Students were able to ask questions about what prepared them for their current roles, internships that they participated in while in college, and their previous jobs prior to joining the MONECO team. 

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PCE Comes In Low

The Federal Reserve's closely watched personal consumption expenditures (PCE) index came in last week at the lowest level since March of 2021. The PCE index strips out the volatile cost of food and energy to measure inflation. As Inflation continues to trend downward, interest rate cuts remain on the table for later this year. While inflation cooling down is good news for the future of interest rates, it can have ripple effects throughout the economy. 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.