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Weekly Wealth of Knowledge - Week of 9/25/23

September 26, 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 - Education Tax Credits (3 min read)
  • The Case For Financial Literacy Education (2 min read)
  • The FED's Pause (3 min read)
  • BONUS: Social Security Webinar - 9/28

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MONECO Insights - Education Tax Credits

This week our MONECO Insights' team takes a look at the various ways that both students and parents can take advantage of the tax benefits available to help offset the rising costs of paying for education. We will review the basics, as well as the host of credits and deductions that you should be aware of. If you have any questions, do not hesitate to reach out.

Click to Read Full Article


The Case For Financial Literacy Education

As we close out "back to school" month in September at MONECO, we end with one very important message, not only for those in school, but those that have also entered the next stage of their lives; the importance of financial literacy. Read below to see the challenges we face and what some are doing to champion the fight to increase the attention on this critical topic.

Click to Read Full Article


The FED's Pause

Last week the Federal Reserve met and decided that despite some areas of the economy still showing signs of inflationary pressures, the decision was made to hold interest rates as is. They signaled that one more rate hike in 2023 could be warranted. Read below to see how this move may impact your finances. As always, if you have any questions, we are here.    

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.