The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. March kicks off "retirement planning" month at MONECO. Throughout March 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:
• Fed Chairman Powell On Ukraine (3 min read)
• Jobless Claims Reach Two Month Low (2 min read)
• 10 Steps To Get You Ready For Retirement (4 min read)
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Fed Chairman Powell On Ukraine
With the ongoing conflict in the Ukraine, Federal Reserve Chairman Jerome Powell speaks on how they will likely proceed with any future interest rate hikes and how the recent events may cause them to alter course. Because this is such a fluid situation, if you have any questions, we are here to assist, so don't hesitate to give us a call.
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Jobless Claims Reach Two Month Low
Last week initial jobless claims came in at the lowest level since the beginning of the year, another sign that despite recent market volatility, the labor market continues to recover. A separate report also had Q4 productivity up 6.6%, also well ahead of estimates. Although there are still millions of open jobs and not enough employees to fill them, the trend seems to be headed in the right direction.
Source: U.S. Department of Labor
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10 Steps To Get You Ready For Retirement
As we kick off "retirement planning" month at MONECO, we figured we would start with a great checklist from our friends at AARP. The time to plan for retirement is before it happens, taking a deeper dive into expenses, eventual income needs and where it will be generated, all should be on your list. For everything else you may be missing, be sure to give us a call so we can build out a longer-term financial plan to help you pursue your goals when retirement comes.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.