Preservation Specialists, LLC Blog


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

covid-19 US Response

U.S. Coronavirus Response Compared to the World

July 28, 2020

The COVID-19 pandemic has been a struggle around the world, and the United States is no exception. It is worth looking at individual factors to gauge just where we stand now – how U.S. Coronavirus response compared to the world… The foremost concern is how the U.S. is weathering the pandemic. Initially, the crisis was…

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Prospects for the Automotive Sector

July 23, 2020

We take a lot for granted, including the condition of the car that sits in our driveway. During the coronavirus pandemic, those cars have been sitting idle much more than usual. That’s not necessary a bad thing. It means we spend less money on gas and maintenance. Also, our risks of having an auto accident…

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coronavirus and stock market

How Might the Economic Downturn Affect Dividends?

July 15, 2020

If a large allocation of your retirement portfolio is invested in dividend-paying stocks, you might see your household income reduced this year. During the Great Recession, dividend payouts dropped by 25% and didn’t fully recover for at least four years. Today’s financial crisis brought on by the worldwide COVID-19 outbreak has once again created a…

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social security

Social Security Woes

July 14, 2020

In 2000, actors Helen Hunt and Kevin Spacey starred in “Pay It Forward.” The premise of the film is that a person repays a favor by offering small acts of kindness to more people. This concept of paying it forward leads to an exponential movement of goodwill. Social Security works a bit like that. In…

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retirement planning sc

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%. So the big question is… What Might Be Next…

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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. As such there are perks and pitfalls of self-employment and read further to find out more information.…

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