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Archive for April 2020

It’s Official… We Are In A Recession

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This week we got our first estimate of the impact of the COVID crisis on the U.S. Economy. As expected, we’re now in recession. But the real ugly data is still to come. On Wednesday, the Commerce Department posted its estimate of first quarter economic growth for the U.S. The result? Economic activity contracted at…

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[Video] Financial Planner: Blank Slate

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MICHELLE SMALENBERGER, CFP® [Video] Financial Planner: Blank Slate   When we get started working with a new client there are always three things we share with them. And it’s always interesting the reaction we get from this, as a financial advisor we thing this is a common thing you would expect. Values So the first thing…

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Fill Up Those Bathtubs With Oil!

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Monday witnessed one of the craziest events we’ve ever seen in financial markets. The price of crude oil dropped below zero, meaning that people would PAY you to “buy” oil. There’s actually a good reason why the price of oil can be negative, but there’s also a larger takeaway about how bad economic conditions are…

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Cash Savings Rates: Back to Zero

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Keeping cash in savings accounts for emergencies and other cash needs is a bedrock of sound personal financial planning. But there’s a trade-off: earning lower returns.  As we assess the post-COVID landscape, we turn our attention to the outlook for cash savings rates. Unfortunately, the potential to earn decent interest rates on our cash isn’t…

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