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Weekly Wealth of Knowledge - Week of 6/27/22

June 28, 2022

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. As we close out June at MONECO Advisors and the theme of "safety," we prepare for "independence" month for July. Our content all month long will be highlighting all of the benefits of working with an independent financial services firm like MONECO!

In this issue:

       •  Upcoming Changes To Your 401k Statement (3 min read)
       •  Searching For The Goldilocks Economy? (2 min read)
       •  Fire Pit Safety & What You Need To Know (3 min read)

BONUS: Fairfield Police Sunset 5k - Presented by MONECO Advisors

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Upcoming Changes To Your 401k Statement

Your 401k statement may look a bit different at the end of the quarter due to a new requirement that was part of the SECURE Act to allow investors in these plans to better visualize the longer term implications of contributing to a qualified retirement plan. The motivation was to also show participants whether their current savings will be sufficient to support individual's goals in retirement. If we can be of any assistance, do not hesitate to reach out. 

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Searching For The Goldilocks Economy?

At the risk of slowing economic growth, the Fed has driven short-term rates higher to rein in inflation. But it’s a tricky proposition.
Raise rates too much, and you may trigger a recession. Don’t raise rates enough, and you won’t be able to restore price stability. The Fed is looking for a Goldilocks moment when its monetary policy is “just right” to create a soft landing for the economy.

You may not have noticed, but early evidence shows inflation is starting to slow. I’m confident the Fed sees it, too. However, most people judge inflation by prices at the gas station and the grocery store, so inflation is genuine and painful until those prices trend lower.

But we still remain optimistic. History shows that economies and markets move in cycles, so we believe the current trend is healthy in the long term. We also think smart economists at the Fed are making difficult decisions following an extraordinary couple of years.

Our best days are ahead. We are excited for the second half of 2022 and expect things will look pretty different by year’s end. Meanwhile, we advise taking a step back from daily news for a while. As always, if you have any questions, we are here for you.

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Fire Pit Safety & What You Need To Know

As we close out June and "safety" month at MONECO and prepare for "independence" month in July, we leave you with one last bit of safety while you enjoy the outdoors this summer. There is nothing like getting together around a fire pit with friends and families and enjoying good conversation. But before you add another log on the fire, be sure to review these safety tips first!

Click to Read Full Article!


Fairfield Police Sunset 5k Presented by MONECO Advisors

The 4th Annual Fairfield Police Sunset 5K is Presented by MONECO Advisors. All proceeds will be donated to the Fairfield Police Union Scholarship Fund & the newly formed 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. 

Click to Register!


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

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.

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.

All data is provided as of June 1, 2022.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities.

All index data from FactSet.

The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

This Research material was prepared by LPL Financial, LLC. All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.