What in the world is school going to look like this fall? If you have school age children, that question is front and center. Each and every family has different circumstances, different inner-circles of family and support, different health situations, and different thoughts and opinions about what is prudent or best for each child. If you are muddled in these decisions right now, my heart goes out to you in determining what is best for your children. Hopefully, these unwelcomed circumstances will be very temporary and that a more normal reality will quickly return. I’m learning that children, like the stock market, are amazingly resilient, so assuming these current changes are temporary, I’m confident that their life path’s won’t differ in the end.
In this week’s Weekly Market Review, you will read that only 4% of the funds made available by the Federal Reserve have been loaned out. This creates a giant question of WHY for me? Is it because companies are unaware of the available loans? or they don’t need the loans? or the process of qualifying for the loan is that arduous?
When doing retirement planning, we often define the retirement years into three phases which are “Go Go, Slow Go and No Go.” The point is that our spending and cash-flow needs change as we age. Based on this concept, Notable Number 1 is a statistic I think you will find very interesting. My wish and goal for all our clients is that the “Go Go” phase of retirement last longer than just six years and that our clients have enough money to confidently finance all those bucket list items they hope to tackle during that exciting time of their lives.
Have a great week. Wishing you both health and happiness.
As always, we hope you find the Weekly Market Review both interesting and informative.
Trevor N. Coe, CFP®