Preservation Specialists, LLC Blog


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

coronavirus and stock market

Is the Economy Slowly, Silently Sliding?

October 27, 2020

Prospects for stock market growth have remained resiliently and optimistically cheerful this year, despite the nine-month-long pandemic. Unfortunately, the time may be at hand for a stock market price correction that better reflects the state of the global economy. Let’s find out if the Economy Slowly, Silently Sliding? The lack of ongoing fiscal stimulus which,…

Read More →

How Climate Change Could Affect the Economy

October 20, 2020

Some people believe that climate change is exacerbated by human intervention, while others argue that humans are not a factor. Regardless of what may or may not influence extreme weather events, economists are predicting that the long-term results of climate change could affect more than just our homes and possessions. Let’s see How Climate Change…

Read More →

Preparing for Potential Pandemics

October 13, 2020

If you think the economic decline due to the pandemic has been difficult for you personally, the big picture numbers may be even worse. Analysts project that the total economic disruption could eventually cost between $9 trillion and $33 trillion. Many economists are advocating that the U.S. — and the world — make a concerted…

Read More →
financial advisors south carolina

Federal Legislative and Administrative Rules Update

October 6, 2020

If you received a stimulus check last spring to help cope with the financial effects of the COVID-19 virus on your household, there’s something you should know. Those funds are technically an advance rebate of a special 2020 tax credit. Many taxpayers will be able to reconcile that rebate on their 2020 return to equal…

Read More →
retirement planning sc

Americans and Their 401(k)s

September 24, 2020

A recent survey found that working households experiencing financial strain due to the pandemic have not been inclined to make withdrawals from their 401(k)s to help make ends meet. In fact, the vast majority haven’t even changed their rate of contributions. Instead, these households are relying on the “old standbys” of surviving during economic decline:…

Read More →
retirement-planning-financial-advisors-in-south-carolina

Employers: Lessons From the Pandemic

September 15, 2020

We’ve learned a lot about infectious diseases this year, as well as how to adapt our lifestyles in response to a pandemic. It will be interesting to see if and how U.S. businesses adjust their operational models to account for the potential for future pandemics or other catastrophic events. Let’s check out lessons from the…

Read More →
Retirement Planning South Carolina

The Future of Retirement Planning

September 3, 2020

As of the end of July, the stock market was still performing relatively well, and the Federal Reserve had announced no near-term changes to interest rates. However, other economic news was not as rosy. According to the Bureau of Economic Analysis, the U.S. economy contracted by nearly a third (32.9% annual rate) in the second quarter…

Read More →
Dollar performance

The Highs and Lows of Dollar-Cost Averaging

August 18, 2020

Investors who defer the same amount of money from their paycheck into a 401(k) plan at regular intervals are practicing dollar-cost averaging. By investing the same fixed dollar amount each time, the investor buys more shares when prices are low and fewer shares when prices rise. The long-term effect is that the average cost of each…

Read More →

College Disrupted

August 11, 2020

Colleges all over the country have introduced incoming freshmen to orientation online, an entirely different experience. The online format offers several advantages in that more information can be presented and web pages bookmarked for future reference. This may be preferable to the barrage of information students normally receive during a seemingly rushed one-to-two-day orientation. However,…

Read More →

Ready to Take The Next Step?

For more information about any of the products and services we offer, schedule a meeting today or register to attend a seminar.

Or give us a call at (803) 798-1988