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Retirement
Marching to a Million: How to Keep Financial Goals on Track When Starting a New Job
This piece is approved to use with clients.
As employment in the U.S. begins to recover following the devastating job losses incurred during the first few months of the pandemic, some younger adults are now seeing their job searches bear fruit. In the second of a two-part series, Retirement Director Ben Rizzuto outlines three steps to help those who have recently started new careers stay on track to their long-term financial goals.
Retirement
Marching to a Million: How to Navigate the Post-COVID Job Market
This piece is approved to use with clients.
While the U.S. job market is slowly recovering from the soaring unemployment rates seen in April and May, it remains an exceptionally challenging environment – particularly for young adults who were preparing to enter the workforce just as COVID hit. In the first of a two-part blog post, Retirement Director Ben Rizzuto offers actionable strategies for young adults who may find their career prospects dimmed in today’s job market.
Behavioral Finance
[Webinar Recording] Be the Calm in the Storm with a Behavioral Practice Model
How can Advisors help clients navigate these challenging times, focus on goals, and find a level of calm in their financial life?
Behavioral Finance
[Presentation Slides] Be the Calm in the Storm with a Behavioral Practice Model | Webinar 1
2020 has been an unprecedented and emotionally-charged ride — the most difficult for advisors in over a decade. Yet as the year ends, significant uncertainty lingers regarding the markets, the economy, and the election that continues to rattle investor nerves.
Behavioral Finance
Behavioural Advisor: Does the Election Matter?
The presidential election has generated especially strong emotions this go-around. Both sides fear the other candidate will win and many believe that as a result the economy will go into a death spiral. This fear is driving many investors out of the market, waiting on the sidelines for the outcome. A look at past elections and market returns suggests they’ll be missing out.
Behavioral Finance
The Five Stages of a Market Crisis
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A process similar to the "five stages of grief" can be seen in market crises, including the current one.
Behavioral Finance
Invest for The Decade, Not the Year
Sharing helpful data like decade-returns of the market can motivate investors to focus on the long-term and avoid costly behavioral mistakes.
Behavioral Finance
Behavioral Advisor Perspectives and Practices: Practical Planning Is Your Compass
This piece is approved to use with clients.
The next several weeks are going to be challenging for advisors and investors. The reality of the scope and severity of the pandemic along with the associated economic and market damage will hit home raising fear levels to new highs. In these times, it will be hard not to overreact, panic or lose hope. Strong emotions and behavioral biases including, anchoring, loss aversion, cascading and availability bias can cloud our thinking and lead to poor decision making. Engaging in realistic and practical planning discussions along with relevant behavioral coaching can provide essential support during these challenging times.