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Weekly Wealth of Knowledge - Week of 9/18/23

September 18, 2023

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!  September is here and we kicked off "back to school" month at MONECO Advisors. All month long 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:

  • MONECO Insights - Parental POAs (3 min read)
  • Team MONECO In The Community (2 min read)
  • CPI Hotter Than Expected (3 min read)
  • BONUS: Social Security Webinar - 9/28

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MONECO Insights - Parental POAs

As we continue with the theme of "back to school" all month long at MONECO Advisors, this week our Insight's team takes a look at the importance of parents with college age kids to investigate having a Power of Attorney. We will explore various situations in which it is crucial and how by having one in place, can give you added piece of mind.  Any questions, we are are here for you. 

Click to Read Full Article


Team MONECO In The Community

This week around the office we had a two MONECO employees attend the Fairfield Chamber of Commerce Sunset Boat Cruise for a night of networking with business leaders in our local community! Associate Advisor Stephanie Van Albert and Senior Relationship Manger Chris Levene are members of the Fairfield Emerging Leaders Organization, which is a group within the Fairfield Chamber of Commerce that provides unique networking events, educational, social and philanthropic opportunities for like-minded professionals to engage and connect while enhancing professional skills.  

MONECO is very active in the Fairfield Chamber of Commerce, with several of our partners serving as former board members and FELO members, but also supporting initiatives that the chamber supports every year. We believe the chamber is an integral part of the Fairfield community and helps foster economic development where all businesses succeed together. If you are living in Fairfield and thinking about starting a business or you are a current business owner, the Chamber of Commerce is a great resource for tools and access for businesses to be successful.


CPI Hotter Than Expected

With inflation still present in the U.S. economy and the FED's next move still on the table, last week the Consumer Price Index data came in hotter than expected. Next up is the FED's meeting this week and we will see after they digest this information, how it may influence their actions. As always if you have any questions, do not hesitate to reach out.

Click to Read Full Article


Upcoming Social Security Webinar

Don't guess when you should begin receiving social security benefits. Join us as we partner with MFS for a dynamic discussion regarding claiming strategies & timing!

According to the Social Security Administration, on average, retirement beneficiaries receive 40% of their retirement income from the program.* From a financial planning standpoint, it is imperative to determine where the shortfall of needed income will be made up. Claiming strategies and the timing of when to begin receiving benefits can often have a big impact on your overall retirement goals.

Join us on September 28th at 6:00 P.M. (EST), to discuss the impacts of social security on your financial plan, claiming tactics, strategies and timing!

*Link to Social Security White Paper from the SSA

Click to Read Full Article

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.

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

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Past performance does not guarantee future results.

Asset allocation does not ensure a profit or protect against a loss.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.