Money Matters With Greg Blog

As we look ahead to the summer months, we can’t help but think what a challenging year it’s been so far. At the same time, we’re encouraged by the resiliency and accelerated innovation among US businesses and the efforts by our national, state, and local governments to support our communities.

When making decisions about your money, it can be smart to know the steps that extremely affluent individuals and families take to grow and protect their significant wealth.

The economic struggles in our country are among the worst we’ve ever seen. In April, a record 20 million people lost their jobs, and 36 million people have filed for unemployment since the COVID-19 pandemic struck in mid-March. Record drops in consumer confidence, manufacturing, and spending are all adding to the immediate economic fallout.

We hope everyone had a wonderful Mother's Day celebrating all of the awesome Moms in their lives. Thank you to all Mothers for making us who we are today.

Finding the right work-life balance

The “work first, life second” mantra guides far too many of us these days—from driven entrepreneurs to ladder-climbing professionals to overcommitted parents. One result: little to no time for family, friends, spouses, self-care and other vital parts of living our best lives.

Which type of financial advisor should you work with?

These are challenging times, and this week may be the toughest as we wait for COVID-19 to reach its peak in the United States. As the war against COVID-19 wages on, we continue to be inspired by the tremendous bravery shown by healthcare workers on the front lines. Other heroes will likely emerge from a lab somewhere with a vaccine in the near future.

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket.” —Warren Buffett

Thought everyone might appreciate a short summary of the CARES ACT

When it comes to financial planning, protection and preservation of wealth are of the
utmost importance; however, different phases in the saving and investing process, as
well as highly volatile market conditions like we are seeing with the Coronavirus, call for
different ways and means of managing market risk.

The Accumulation Phase