The Economic Impact of Market Recessions Synopsis: The personal savings rate hit a historic 33% in April, (according to) the U.S. Bureau of Economic Analysis. How does the savings rate impact the economy? It is not uncommon for consumers to cut back on spending during recessionary times. Typically fear, uncertainty, or job loss drive these […]
Category: Financial Planning
A CNBC headline from February 28, 2020 read: Global stock markets have lost $6 trillion in value in six days. You read that correctly – $6 TRILLION in value. Have you ever wondered what happens to all that money when markets go down in value? The short answer: it simply vanished. Before we dive into […]
With some sense of normalcy starting to creep back into our world, we are going to visit some of the reasons why there is a compelling argument to justify refinancing your mortgage. Let us start with some of the facts that we know. First, mortgage interest rates are near historic lows. In addition, we have […]
Recent legislative and regulatory changes have created a myriad of options for small business owners to find economic help during these unprecedented times. Here at Deschutes, we took the time to interview subject matter experts to cut through the maze of options and provide you the relevant information needed to help your business.
With recent changes in the retirement plan landscape, we here at Deschutes partnered with the Retirement Learning Center, to provide a video overview for Plan Sponsors. Watch this video for information on the legislative updates, how you as a Plan Sponsor can take action, and what to expect in the coming months.
I’m worried about all the recent bad news and talks of a recession, what should I do? First step, take a deep breath. It is important to recognize that the economic pullback we are experiencing is driven by a health pandemic that will resolve itself over time and not a financial one. Therefore, our first […]
For 35 years we have been observers of the stock and bond markets and advisors to our clients. During this period there have been many, many ups and downs in the world’s stock markets. The first, when I personally started in the business, was October 1987. The US stock market suffered its biggest one-day percentage […]
Fostering good attitudes and habits about working, earning, saving, and investing is an important part of being a parent. Teaching your kids about money is something you should consider doing from a very early age, especially since it is rarely taught in schools. Further, if you can effectively demonstrate responsible financial behaviors yourself, they will […]
As you might expect, during times of increased volatility, we field more questions from clients about whether their portfolios are performing up to par. What is “par” for your portfolio anyway? The short answer is “it depends.” I often hear people talking about the “market.” The “market” was up by 500 points or down by […]