Preservation Specialists, LLC Blog

We help individuals and families work toward achieving their ideal retirements.

What Might Be Next — Inflation or Deflation?

June 30, 2020

Consumer prices fell by 0.8% on a seasonally adjusted basis in April, the biggest drop in more than a dozen years, the Bureau of Labor Statistics reported. Conversely, prices for grocery items jumped 2.6%, the highest one-month increase in 46 years, with eggs rising by 16%. What’s going on here? Well, the devil is in…

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Coronavirus Pandemic Jobs south carolina

Post-Pandemic Job Market

June 23, 2020

Preservation Specialists, LLC | It will be interesting to see how the job market fares over the next few months. While millions of workers have been laid off due to the coronavirus pandemic, many of those employers will be reopening and may or may not rehire those let go. Much depends on the direction of…

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The Pandemic’s Financial Toll on Women

June 22, 2020

In April alone, the U.S. lost more than 20 million jobs — increasing the unemployment rate to 14.7%. Researchers say one of the demographics hit hardest during the pandemic is women workers. Women tend to hold a disproportionate number of jobs in industries such as hospitality, health care and education. Consequently, the unemployment rate for…

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Are the Stock Market and the Economy Out of Sync?

June 15, 2020

In normal times, the stock market is often a reflection of the economy. But these are not normal times. Even though April was marked by a global shutdown of businesses, rampant unemployment and low economic growth, the S&P 500 Index ended the month up 12.9%. This represented the highest one-month gain since 1987 and posted…

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The Perks and Pitfalls of Self-Employment

June 8, 2020

Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020. According to a 2017 survey, 36% of U.S. workers are part of the gig economy. With so many…

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Beware of Coronavirus Scams

June 1, 2020

After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency fielded more than 100 calls asking about the president’s suggestion. In less than 24 hours of…

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How to Deal with Financial Stress

May 29, 2020

A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation. 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried about not having enough emergency savings 23% were worried…

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Two Retirement Planning Approaches: Safety vs. Probability

May 5, 2020

According to Merrill, four of the most common risks to your retirement strategy are: A significant market drop shortly before or early in your retirement Inflation reducing your spending power over time Unexpected medical and/or long-term care expenses Outliving your assets If you are nearing retirement, it might be time to review your current financial…

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Coronavirus financial impact

Markets, Investments, Income & Zoom Security

April 15, 2020

We’ve seen a rise in the number of coronavirus cases and at the same time our economy, as said in the news, is not doing well wherein we are expecting the “worse is yet to come”. What we should be doing is to be well-informed in Markets, Investments, Income, Zoom Security, etc. We are sharing…

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