Recent market volatility reminds us of the ever-present risks inherent in stock investing. When bear markets occur, many investors instinctively seek shelter on the sidelines. But, as history demonstrates, leaving the market—even temporarily—can be costly over the long-term. So, what can investors do now to manage current market volatility?
Making regular contributions to a 401(k) plan provides a valuable way to save for your future—allowing assets to compound and grow tax-deferred. But keeping your long-term goals on track involves periodically reviewing and adjusting your strategy along the way.
Is a recession coming… or is one already here?
For a lot of investors, the first part of 2022 has been a lot like those first few possessions when we got scored on. The stock market is volatile. Interest rates are rising. Inflation is up. There is a lot going on. And it can certainly cause anxiety and uncertainty. But that doesn’t mean the plan an investor has in place won’t work.
As life changes, we need to re-evaluate our finances. It is a part of life moving so quickly.
Step outside of your comfort and make reviewing your finances a priority.
Many times, people hear about new and exciting strategies and think these new strategies are their ticket to financial success. However, many times taking simple steps can lead to just as much success and be much more sustainable in the long term.
What you see on the outside doesn’t explain all the behind-the-scenes work going on…this includes all the financial prep behind living a good life.
Planning a trip or vacation actually has a lot of parallels to building a financial plan.
Here at Plybon and Associates, we pride ourselves on taking the big picture into account and always make sure that we are helping YOU reach YOUR goals.