InAlthough scammers often target older people, younger people who encounter scams are more likely to lose money to fraud, perhaps because they have less financial experience. When older people do fall for a scam, however, they tend to have higher losses.
A recent study concluded that individual investors under performed the markets by an average of 4.92% per year over the last 30 years through Dec 2019, 9.96% to 5.04%, which is a massive difference. For example: 10,000 invested at a steady, compounded 5.04% over thirty years would be $43716.10 10,000 invested at a steady, compounded […]
The recent health crisis caught many people and organizations unprepared for a number of issues. It is always best to be prepared ahead of time but learning from a lack of preparation can be equally important. One important aspect of preparation is having a reserve account or emergency fund to see you through the rough […]
On Friday, March 27, 2020, new legislation was signed into law that aims to provide relief to Americans and businesses negatively impacted by COVID-19 crisis. This legislation, known as The Coronavirus Aid, Relief and Economic Security (CARES) Act, is a $2 trillion relief package that includes direct monetary payments to Americans as well as various […]
Dear Valued Client, I hope that you are feeling well and dealing with all the changes that have so suddenly been presented to us all. Please be assured that during this “crisis” our office is open, functioning and servicing your financial accounts and needs. We are actively doing our work for you and plan on […]
When is the best time to start an investment program? The answer is always yesterday, or last year or…you get the picture. The key is getting started, because saving and investing can become a habit, just like any other behavior. Only this habit will lead to better financial health, significantly so over the long term. […]
Will the SECURE ACT make you more financially secure? Buried in the massive continuing resolution funding the federal government, was The Secure Act, a bill designed to encourage people to save for retirement. There were good points to the bill: People over age 70 ½, who are still working, may continue to contribute to an […]
Is a 403(b) right for you? Understand the features, benefits and options of this plan to help you save for retirement.
Investing in today’s markets can be a bit confusing and even unnerving. SC Parker can help simplify things for you. Getting started is easier than you think.