FA Market Update - May 8, 2020

Posted by Miller Bentley, Financial Advisor on May 8, 2020

Creating a plan and sticking to it can be one of the most difficult tasks with regards to financial planning. From the very beginning there is a challenge: where to start? There are multiple starting points, differing financial aspirations, and a countless amount of essential expenses that vary from person to person. Decisions must be made early in order to start moving towards the goal, and decisions will shift as life changes.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FA Market Update - May 1, 2020

Posted by Miller Bentley, Financial Advisor on May 1, 2020

Price growth within the equity markets continues to rally after the February plummet from coronavirus (COVID-19), but why this rebound is happening has most experts searching for answers – especially this past week when a majority of reporting companies revealed underwhelming first quarter earnings.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FA Market Update - April 24, 2020

Posted by Miller Bentley, Financial Advisor on Apr 24, 2020

As we roll through the 5th week of Dallas County’s shelter-in-place order, the coronavirus (COVID-19) continues to wreak havoc across the nation. It is apparent in these past few days that not everyone agrees with the restrictive action taken to prevent the spread of the virus, and the number of infected individuals has persisted.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FA Market Update - April 17, 2020

Posted by Miller Bentley, Financial Advisor on Apr 17, 2020

The World Health Organization declared the coronavirus (COVID-19) outbreak a pandemic on March 11th, 2020, just over 37 days ago. As most investors are aware, the stock market reached a peak before the pandemic declaration, around February 19th, 2020. Ever since then we have witnessed volatility in the broad markets that most have never experienced, forcing even the most intelligent money managers to scramble for answers.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FDIC Sweep Program & Brokered CDs

Posted by Miller Bentley, Financial Advisor on Apr 15, 2020

Cash is king, so keep it safe

The past few months have brought to light some unprecedented changes in everyday life, and with those changes have come a heightened focus on health and safety. Physical health can be protected by safe distancing, washing hands, and adhering to CDC guidelines. But protecting your financial health is not always so straightforward. LGT Financial Advisors has a simple solution that allows you the flexibility for over $2.5 million of cash deposit insurance coverage through a deposit sweep program, and purchasing brokered Certificates of Deposit (CDs).

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FA Market Update - April 10, 2020

Posted by Miller Bentley, Financial Advisor on Apr 10, 2020

We are now 79 days removed from January 22nd 2020, a date that marks the first reported coronavirus (COVID-19) case in the United States. Since then over 462,000 confirmed cases of the virus have been reported along with almost 25,500 recoveries and over 16,500 deaths, leaving the death rate of COVID-19 for the US at roughly 3.5%. As stated in earlier updates, the coronavirus poses a unique issue due to the number of days between infection and actually showing symptoms.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FA Market Update - April 3, 2020

Posted by Miller Bentley, Financial Advisor on Apr 3, 2020

This past week brought to light a handful of historic events that continue to unfold as the coronavirus (COVID-19) wreaks havoc on our livelihood. It is clear that we are living through a phase of life that will be written about for years to come, and we are all hopeful for positive steps back to a normal society. The president signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (the Act) as the third and most sweeping package aimed to provide financial support for Americans affected by the coronavirus. The Act itself is historic as the largest monetary stimulus package to pass all three branches of government, making $2.3 trillion available to those suffering from the pandemic. With the large amount of financial relief comes a long list of rule modifications intended to ease the pressure that individuals, businesses, and state and local governments are continuing to face. The Act addresses important needs, but it is by no means a fix-all for our battered economy. The market continues to exude drastic volatility, unemployment claims continue to skyrocket, and everyone is still trying to cope with new norms like social distancing.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

FA Market Update - March 27, 2020

Posted by Miller Bentley, Financial Advisor on Mar 27, 2020

This week marked the first full week for Dallas County’s mandatory shelter-in-place order, issued by Judge Clay Jenkins on Sunday evening as our world continues to evolve and adapt during this unheard-of time. Almost every facet of life has been altered due to preventative measures as employees shift their workplace to a home office, restaurants modify their services, and children remain home from school.

Read More

Topics: Financial Planning, coronavirus, investment, COVID-19, market

COVID-19 and the Market Changes

Posted by Miller Bentley, Financial Advisor on Mar 25, 2020

First of all, I hope that you and those closest to you are staying safe as the COVID-19 pandemic continues to affect families, communities, and businesses throughout our country and the world. Your health is of utmost importance in these tumultuous times. While there are various ongoing challenges faced during this outbreak, we want to ensure that you and your loved ones are taken care of in order to mitigate the shock throughout the development of this crisis. We understand you have many questions and concerns pertaining to the virus’s direct impact on your physical and financial well-being, so we want to share the steps we have taken not only in the past few days but throughout the past few quarters to adapt to this new environment.

Read More

Topics: Financial, Financial Planning, coronavirus, breakingnews

The SECURE Act and Its Application to Your Financial Well-Being

Posted by Miller Bentley, Financial Advisor on Jan 28, 2020

With the new year comes new endeavors, goals, and even laws. Effective December 31, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (The Act) enacts a few adjustments that effect your retirement savings and legacy planning strategies. The SECURE Act, coming in with yet another far-reaching name to fit a catchy acronym (like the USA PATRIOT Act), is designed to improve laws that were established on now-outdated facts, some as far back as the ‘60s¹. The Required Minimum Distribution (RMD) rule beginning at age 70 ½ was created when life expectancy in the United States was 70.02 years, compared to average lifespan in 2019 of 78.87. The updates are welcome, and most benefit the saver, yet there are some nuances to highlight for potential incorporation into your financial plan.

Read More

Topics: Financial Planning

Subscribe to Updates

Posts by Topic

Recent Posts