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:…

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To Sell or not to sell post headling

We know that the stock market has been really crazy and today is just another example.   Over the last couple of months, we have had 8 out the 10 largest daily point drops ( 2,997.10 on 3/16/20 was the largest point drop). However, we have also had 5 of the biggest point gains as well (1,985 on 3/13/20 the biggest) We know that the stock market has been really crazy, and many people have been calling asking if they should sell or hang in there, so the answer is quite easy….it depends!! Personal financial planning starts with taking a full inventory, a personal assessment of where you are. You should be asking? Do I need income? How much? Is that income stream still covering all my needs? If any of those have changed, then you…

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