It’s Official; We Are in a Bear Market


The Standard and Poor’s, or S&P 500, stocks officially went into bear market territory this week, which is now front-page news. The S&P has just over 500 stocks and, as a stock index, is more representative of the market overall than the Nasdaq or the Dow. The definition of a bear market is when a stock Index drops 20% below recent highs. The S&P peaked on January 3, 2022. On Monday of the week of June 13, the market closed down 21.8% from its peak. That means we are about 5 ½ months into an official bear market.

A Physician Perspective on Offering Financial Wellness


I was working full time as a family physician during the Recession of 2008-2009. I saw directly the effects of the economic challenges that so many of my patients were suddenly experiencing. Patients and their spouses or children were losing their jobs.

Fear, Apprehension, and Discomfort – Preparing for a Looming Recession


Assuming this is a representative sample of the US adult population, this is very concerning. Inflation is forcing people to buckle down and decrease purchases. These numbers will only worsen if inflation persists as savings are depleted. It is not a good sign that people are saving less in general, including for retirement.

What’s Happening With Supply Chains?


In early April of this year, more than 700 container ships were waiting to get into the ports of Shanghai, China. The average number of boats waiting to unload in Shanghai over the last few years was closer to 200. A significant reason for this upward spike is the recent Chinese COVID crackdown, forcing people to stay at home again. The graph below was published recently by “Fortune” magazine. The red-colored spike shows the dramatic increase in ships waiting at the port this April.

Compound Interest Rates


Compound interest accelerates the growth of savings and investments over time. The definition of compound interest is – the interest earned on an investment or savings account is reinvested into that same account, earning even more interest.

5 Tips on Preparing for Retirement


Many of us don’t put enough money away for retirement. Statistics show that most Americans aren’t saving enough and will have to work long after age 65 to make ends meet or reduce their lifestyles significantly to get by in the later years. For that reason, we are always encouraging people to save more.

Retirement Planning


Making sure that you are able to retire when you want and within the lifestyle you desire takes planning. Whether you are saving for retirement, getting ready to retire, or managing money in retirement, we can help.

Life Insurance


Life insurance is a contract made with an insurance company that provides a lump-sum payment upon the insured’s death in exchange for premium payments. The payment will be made to the insured’s beneficiaries. It can be an essential safety net for anyone who depends on you financially. Even if you have a policy through your employer, it is still a good idea to consider your own life insurance policy.

Decreasing Debt


A survey done recently by “Select,” a subsidiary of CNBC, found that “nearly half of 18-to-34-year-olds feel like they are drowning in debt.” In this age group, debt is usually from student loans, car loans, credit cards, and mortgages.