Millennials vs. Recession: A New Age of Financial Resilience? Discover how the generation that grew up in the shadow of the 2008 financial crisis is now leading the charge in recession readiness. With insights from Doug Greenberg of Pacific Northwest Advisory, explore the unique strategies that set millennials apart
Understanding the Impending Expiry of Trump Tax Cuts: Strategies for Tax Planning Before 2025 Uncover key strategies and tips to navigate the approaching expiration of the Tax Cuts and Jobs Act provisions. Learn how individual tax rates, standard deductions, and child tax credit changes could affect your finances, and why acting now is essential for optimal tax planning.
Understanding Investment Risks in an Uncertain Economy: Dive into key metrics like PE Ratio, Expense Ratio, Duration, and Standard Deviation to navigate the shifting economic landscape. Collaborate with PNWA to ensure your investments align with your long-term goals.
Dive into our recent video analysis on the US economy's unfolding scenario. This edition sheds light on the Q3 GDP peak, anticipated slowdown due to increased interest rates, and the cascading effects on various economic sectors. From exploring the current job market dynamics to discussing the Federal Reserve's strategies in managing inflation, we provide a concise yet insightful look into the financial ebbs and flows that are shaping the economic landscape. Don't miss out on understanding these critical trends—watch the video for a comprehensive insight!
The journey to financial security in retirement appears to have additional hurdles for the 'late boomers'. Recent findings highlight a concerning gap in their retirement savings, notably in 401(k) assets. While the aftermath of the 2008 financial crisis played a substantial role, the lack of effective leveraging of 401(k) plans added to the dilemma. Douglas E. Greenberg of Pacific Northwest Advisory unravels the scenario, offering actionable strategies. From maximizing contributions and seeking professional financial guidance to exploring alternative income streams, late boomers have a roadmap to enhance their financial stability as they approach retirement. The insights also beckon a call to action for younger generations, emphasizing the significance of steadfast retirement planning amidst economic uncertainties.
A concerning trend is sweeping across retirees – the notable decline in the establishment of wills, putting the financial future of upcoming generations at stake. Recent studies unveil a stark reduction in formalized estate planning, particularly within marginalized communities. As millennials and subsequent generations grapple with economic challenges, the reliance on inheritance becomes increasingly pivotal. The barriers to estate planning, from the discomfort of discussing inheritance to the prohibitive costs associated with legal consultations, are multifaceted. However, the urgency to address this issue is paramount. Our latest blog post delves into the complexities of this trend, offering insights and potential solutions to ensure that legacies are not only preserved but transitioned in alignment with our values and familial ethos. Dive in to explore the landscape of this pressing issue and join the conversation on securing the financial future of the next generation.