Broker Check


| July 13, 2021

Most people would not quit their job without the strong prospect of getting a better job, at least most sensible people.  The third paragraph of this week’s Weekly Market Review details the highest “quit level” on record.  However, when you pair that statistic up with a record number of job openings it makes much more sense.  This May ARTICLE from AP News details the immense number of open jobs.  Through my work, I talk with a lot of employers and nearly all of them have jobs they would like to fill with new hires.  In the wake of the pandemic, many workers may one day look back and cite this period of time as their opportunity to make that career change or find that better job.

Beneficiaries – know your options!  If you have ever inherited investments, retirement accounts, annuities or life insurance from a loved one, you know there is a myriad of choices to make and rules to follow.  Understanding what you can and can’t do, and if taxes do or don’t apply, is critical to making a sound financial choice.  Even as a Certified Financial Planner, I sometimes have to double check the complicated and ever-changing rules and regulations to make sure I’m giving sound and accurate advice.  In fact, many of the rules for beneficiaries of retirement plan benefits just changed last January with the Secure Act.  Unfortunately, as you grieve the loss of the loved one who named you as a beneficiary, you must also put on your business hat and learn your options.  I highly recommend doing so with the counsel of a trusted and professional financial advisor to eliminate the possibility of a financial blunder, especially during a difficult time where you may not be thinking as clear.

As always, we hope you find the Weekly Market Review both informative and interesting.  Have a nice week!

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Trevor N. Coe, CFP®