Are You Prepared for a Happy Retirement?

 

 

Dear Eagle Community,

The hot and quiet summer days leave an awful lot of time for reflection.  Are you prepared for a happy retirement?  That’s what all the years of planning were for.  Accomplishing financial goals and checking all the boxes is only half of the equation.  You’ve worked hard to build a life you love in retirement, now let’s make sure you enjoy it!

Here are 4 assets you won’t find in your portfolio:

Purpose.  Whether its volunteer work, an appetite for travel, or your spending time with family, having a meaning after your traditional work-life has ended is vital. 

Connection.  While the current circumstance makes face-to-face hangouts a little harder, there are plenty of ways to stay connected.  Maybe it’s a weekly scheduled phone call, a book club or even a neighborhood walking group. 

Never stop learning.   Lifelong education helps your mind stay mentally active and build habits that train your brain to keep working.  The health benefits aren’t too bad either.  By continuing to challenge your mind, you can reduce the risks of dementia and cognitive decline. ¹ 

Embrace Optimism.  What they say about the glass half full may be right.  Decide to look at the big picture and have an optimistic outlook.  It’s good for your ticker too.  Experts suggest optimism is associated with a lower risk of cardiovascular events and increased longevity. ²

We’re proud to consider ourselves retirement specialists and that means so much more than your investments.  We’re interested in your whole life not just your financial one.  If you’re feeling like something is missing, give us a call — let’s talk about how we can plan for you to put purpose to your portfolio.

 

Kind Regards,

Your Eagle Wealth Team

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Building lasting relationships with your community members is just another benefit of our the Invested in Community program. 

 

This week a client selected a local food bank, the Nipomo Food Basket as a recipient.  Over the last 10 years, they've been providing food for needy families with the vision to end hunger in the Nipomo community.   We sent them a $100 grocery store gift certificate.  They're the experts and we're happy to support them help their community. 

 

Well folks, that's wrap for our summer Invested in Community program.  We'll continue to share stories over the next few months from the remaining participants.  Mark your calendars for our next winter round starting this December.  

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The Week on Wall Street

Stocks advanced relentlessly last week on positive COVID-19 developments, encouraging economic data, and a supportive policy shift in the Fed’s approach to its target inflation rate.

The Dow Jones Industrial Average increased by 2.59%, while the Standard & Poor’s 500 jumped 3.26%. The Nasdaq Composite index leaped 3.39% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose 1.19%.[i]^,[ii],[iii]

 

Stocks Power Higher

Investors pushed stock prices higher all week as hopeful news came with each new day, from the announcement of a potential treatment for COVID-19 to news that U.S. and China negotiators had met by videoconference. Despite another high new jobless claims number, other economic data released during the week indicated a continuing economic recovery, further supporting investor enthusiasm for stocks.[iv]

The Fed’s announcement of a shift in its inflation policy, which suggested that rates are likely to remain low for a long time, helped push the market higher. The momentum carried over into Friday, leaving the S&P 500 and NASDAQ Composite at new record highs and the Dow Jones in positive year-to-date territory.[v]

 

Changes in the Dow Industrials 

It was announced last week that the Dow Jones Industrial Average will be undergoing some changes. Starting Monday, August 31, Salesforce.com, Amgen, and Honeywell International will be added to the 30 stocks in the Dow Industrials and Exxon Mobil, Pfizer, and Raytheon Technologies will be removed.[vi]

In part, these changes were prompted by Dow-component Apple, which plans a four-to-one stock split on Monday, August 31. The Dow Jones Industrial Average is a price-weighted index, and Apple’s split reduces the impact of technology on the index. The new changes are an attempt to mitigate that issue.[vii]

Please remember that companies mentioned here are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

 

THIS WEEK: KEY ECONOMIC DATA

Tuesday: ISM (Institute of Supply Management) Manufacturing Index. 

Wednesday: ADP (Automated Data Processing) Employment Report. Factory Orders.

Thursday: Jobless Claims. ISM (Institute of Supply Management) Services Index. 

Friday: Employment Situation Report.

Source: Econoday, August 28, 2020

The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.

 

THIS WEEK: COMPANIES REPORTING EARNINGS

Monday: Zoom Video (ZM)

Wednesday: Macy’s (M), Cloudera, Inc. (CLDR), Mongodb (MDB), Crowdstrike Holdings (CRWD)

Thursday: Broadcom (AVGO), Docusign (DOCU)

Source: Zacks, August 28, 2020

Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.