Broker Check

Weekly Wealth of Knowledge - Week of 9/19/22

September 20, 2022
Share |

The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. September is "back to school" month at MONECO Advisors, where we will be providing you a host of content on everything from financing school supplies, helpful checklists to keep your kids safe this year, saving for college and much, much more!

In this issue:

       •  Upcoming FAFSA Enrollment Deadlines (3 min read)
       •  CPI & Inflation Forecasts (2 min read)
       •  College Renters' Insurance (3 min read)

BONUS: Upcoming Medicare Webinar - Register Today!

If you enjoy our Weekly Wealth of Knowledge, don't forget to check out our content on Facebook, Linkedin, and Twitter

-------------------------------------------------------------

FAFSA Enrollment Deadlines

The Free Application for Federal Student Aid (FAFSA), has become a household name across the country and can be of significant importance in obtaining  financial aid from the federal government, state governments, and most colleges and universities. Like most applications, it comes with critical deadlines that need to be met for consideration. Read below to ensure you don't miss out this year and do not hesitate to call with any questions if we can help.

Click to Read Full Article´╗┐

-------------------------------------------------------------

CPI & Inflation Forecasts

Everyone from main street to Wall Street wants inflation to go away,  or at least shrink back to below 2%, a level we enjoyed not so long ago.

But last Tuesday's Consumer Price Index report showed it might be some time before we see 2% again. Consumer prices ticked slightly lower in August, but not as much as what Wall Street wanted. Economists, pointing out that gasoline prices dropped in the past month, made bold predictions for August inflation. Too bold, as it turned out.

Stocks got clobbered, and bonds didn’t fare much better. The inflation report showed that higher food, shelter, and medical services costs were to blame. Higher costs in those areas indicate inflation could be more persistent and entrenched than we thought.1

So now the question is, “What will the Fed do at its upcoming meeting?” In the chart below, the green highlights show the most likely outcomes for the next several Fed meetings, according to the CME Group. Keep in mind that in early September, the CME’s indicator said smaller increases were possible. But no more. 

All too often this year, we haven’t had great news to pass along about the markets. But we want to assure you that we are committed to staying on top of the news in good times, bad times, and in-between times.

If last Tuesday's drop raised some new concerns, please do not hesitate to reach out to the office. We thank you for your continued trust and confidence. 

-------------------------------------------------------------

College Renters' Insurance

Keeping with the theme of "back to school" month at MONECO, this week we have a look at the potential need for additional rental insurance for your college bound kids. Although many parents' homeowners policies will cover the kids while they are away, it is important to review those policies to see what actually may be covered and what may not.

Click to Read Full Article!´╗┐

-------------------------------------------------------------

Making Medicare Work For You - Webinar

Come listen & learn as we partner with Black Rock on September 28th at 6:00pm, to sort through the alphabet soup known as Medicare. If you are currently enrolled in the program or will be soon, you will not want to miss this dynamic and informative presentation. We will be discussing the various costs for each part of the program (Part A, B, C & D), what is covered, what is not and what you may be missing. You will not want to miss this one! Don't forget to bring your questions.

Register Today!

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.

LPL Financial is not affiliated with Black Rock.

__________

1. BLS.gov, September 13, 2022

The S&P 500 Composite Index is an unmanaged index that is considered representative of the overall U.S. stock market. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index. The return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost.