The Economy’s Return to Normal

Andy Reynolds

Weekly Update

Key Takeaways: Economic data indicates a return to pre-pandemic levels of activity A tight labor market has contributed to some wage inflation Inflation, wages/jobs, supply chain issues will continue to be areas of interest   As kids return to school, summer trips come to an end, and everyone starts to eye the holidays, investors and … Continued

Retirement Saving Myths and Misconceptions

John Boardman

Atheneum

We are fortunate to have a very educated and knowledgeable client base, but we are consistently surprised by the myths and misconceptions clients and prospects bring to the conversation. Below I have listed my Top 7 Myths and Misconceptions About Retirement Savings; it is by no means a complete list but highlights the most common misunderstood … Continued

The Unanswered Economic Questions About Hybrid Work

John Boardman

Weekly Update

Key Takeaways Remote work may be the largest modern shift in employer-employee relations Current tight labor markets have accelerated the trend, perhaps permanently These unanswered questions will determine the future of our economy The trend of changing office work environments is real and significant.  According to a recent study conducted by McKinsey¹ that surveyed 100 … Continued

Robinhood and a New Generation of Investors

Cameron Hamilton

Weekly Update

Warren Buffett is one of the most famously successful investors of all time and his firm, Berkshire Hathaway, trades today near its all-time high, closing Friday at $433,124/share.  Mr. Buffett has stated that he does not intend to split these original A shares as they attract like-minded, long-term investors.  However, Berkshire did issue B shares … Continued

The Cost of a Spent Dollar – What Could an Investment Have Become Through the Years

Frank Yozwiak

Atheneum

As we discuss retirement savings, one aspect that is worthy of consideration is the weighing of alternatives.  Hindsight is always 20/20, but let’s consider the cost of a spent dollar throughout the years.  Essentially, if you had $X in a given year, what is something that you could have purchased during that year compared to … Continued

Balancing Saving and Giving

John Boardman

Atheneum

Most of our clients aspire to be financially self-sufficient.  As those clients age, we notice some amount of transition into wanting to benefit others with accumulated resources.  This giving can range from donations to charities of interest to paying for a grandchild’s education to helping a friend in need.   We have been fortunate since the … Continued

Finding the Best Order for Funding Retirement

Brian Burton

Atheneum

With a task as important as funding your retirement, determining which accounts to fund and in what order should not be taken lightly.  Whether it’s a company plan, individual retirement account or taxable account, there are a lot of ways to save for retirement.  So how do you decide where to put each dollar you … Continued

Positive Signs of a Growing Economy

Frank Yozwiak

Weekly Update

Key Takeaways: Publicly traded companies will be releasing earnings reports over the next several weeks. Economists believe growth so far coupled with forecasted growth for the remainder of the year will result in great GDP growth. Consumers are still holding abnormally large amounts of cash savings, setting the stage for a large return of consumer … Continued

Determining a Retirement Savings Rate

Andy Reynolds

Atheneum

As we meet with new families, we continually hear the same two questions: 1) are we making good decisions with the money we earn and 2) are we saving enough for retirement?  These questions are typical whether a person is 35 years old or 55 years old.  According to the Federal Reserve Bank of St. … Continued

Upcoming Child Tax Credit Checks: Not Free Money

Cameron Hamilton

Weekly Update

Max Child Tax Credit now $3,600/child under 6; $3,000 ages 6-17 Even high-income families will receive 50% advances on these credits Advance payments can increase your tax bill next year, all else equal If you take a vacation in the middle of this month, you may come home to a surprise check in the mail.  … Continued