Be Informed About Your Finances

Global equity markets had a choppy second quarter, but when the final Wall Street-bell chimed on June 30th, global markets had turned in solid performance numbers on their way to new record highs.

The themes that drove the markets were positive economic data, talk of another stimulus package and the first COVID vaccines being distributed around the world. Yes, there was more election noise throughout the month, but that played less of a role versus the month before.

The third quarter of 2020 was Global equity markets continued their rebound from earlier this year, despite struggling in the final month of the quarter. Among the S&P 500, 70% of stocks had gains in the third quarter. And of the 30 companies in the DJIA, 24 of the 30 were positive this quarter too.

Recent surveys have indicated that many of us are rethinking our retirement plans because of COVID-19. A survey from the nonprofit group Life Happens suggests that 43% of Americans plan to postpone and continue working past their retirement date because of COVID.

You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. But what is inflation and how does it really affect your retirement savings?

Global equity markets continued their rebound from the dismal first quarter of 2020 and by the time the second quarter closed, the major U.S. indices had marched to record quarterly gains.