Preservation Specialists, LLC Blog
We help individuals and families work toward achieving their ideal retirements.
In the summer of 2020, the Federal Reserve announced its new approach to monetary policy on inflation. The Fed previously used a 2% inflation target. If inflation rates fluctuated above or below 2%, it would contemplate a change in the federal funds rate (FFR) to either restrict or enhance money flow in the economy. The…Read More →
In 2019, the millennial generation (born from 1981 to 1996) surpassed the number of baby boomers (born between 1946 and 1964) in the United States. Today, one in four people is a millennial. Many millennials came of age at the turn of the millennium, which means they were aware of the fallout from the 9/11…Read More →
People have many different reasons for getting married or not getting married. But for some committed couples, it can come down to a few basic points. One of those is finances. If they hold very different opinions or have contradictory habits when it comes to spending money, finances can become a deal breaker — much…Read More →
The last month of 2021 was filled with lots of new information — the new omicron variant of the coronavirus first hit U.S. shores, along with cautions that its level of vaccine resistance is best mitigated by a booster shot. That’s good news for the fully vaccinated. The unvaccinated, unfortunately, are months away from that level…Read More →
It seems that millions of taxpayers still have not received their tax refunds from 2020 and even 2019. A major reason is due to the defunding of the IRS. Between 2010 and 2019, the department’s funding was cut by 20% in inflation-adjusted dollars, which has led to a 22% reduction of staff. Not only has…Read More →
The U.S. is in the emergent stages of the omicron variant of the coronavirus. However, we now have some experience on the implications of the omicron variant and what that could mean moving forward, both for the health and economic impact of the U.S. and our global neighbors. To continue fighting COVID-19 without shutting down…Read More →
Conglomerates are parent companies that own a number of large subsidiaries. They became popular back in the 1960s with corporations like ITT, LTV and GE, to name a few. In recent years, behemoth American conglomerates have spun off, sold off and pared down. However, there are ways to invest in a single “parent company” for…Read More →
Inflation was already on the rise before we learned about the omicron variant. Now on top of supply-chain shortages and transportation disruptions, Federal Reserve Chairman Jerome Powell recently observed that a resurgence of COVID-19 cases could reduce the consumer-driven boom we’ve enjoyed for the past few months. Concerns about safety could result in more workers…Read More →
The general outlook for equities is positive toward the end of the year and into 2022. Stocks performed relatively well through the autumn earnings season and, as a general rule, the fourth quarter tends to be the best one for stock performance. While the coronavirus, labor shortages, supply chain issues and rising prices have presented…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.