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Hello,
We can’t believe the end of summer is almost here. We’re only a month away from the start of Autumn, a season of transitions.
This year it’s shaping up to be one with many – and we’re looking to make changes of our own, but we’d love to hear from you first!
We want to know what you think of our weekly newsletter.
We’re always looking for ways to serve you better, and your feedback would be a huge help.
Would you mind taking a quick, 4-question survey? It won’t take long, and we’d really appreciate it.
Click here to access the survey.
Thanks so much!
With gratitude,
Your Eagle Wealth Team
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Social Security Account Login
Have you ever accessed your Social Security account online?
If so, it was through a my Social Security account, and there’s important information for you to know and steps to take to maintain your access.
- If you created your my Social Security account on or after September 18, 2021, no action is necessary. You already have the right setup.
- If you created an account before September 18, 2021, you need to transition to a new or existing Login.gov account or use an ID.me account.
- Watch this video with step-by-step instructions to transition your account now to maintain continuous access and simplify your sign-in experience.
Is there a deadline? While you can still use a username and password to sign in to your personal my Social Security account right now, this option is going away later this year. At that time, you will be required to have a Login.gov or ID.me account to access your account.
What is a personal my Social Security account?
It is an account that provides tools for everyone, whether you receive benefits or not. You can use your account to request a replacement Social Security card, check the status of an application, estimate future benefits, and manage the benefits you already receive. To learn more, visit the SSA’s page – What is an Account?
What are Login.gov and ID.me accounts?
Login.gov is your one government account for simple, secure, and private access to participating government agencies. You can use your Login.gov account to access your Social Security benefit information and services as well as other government benefits and services. For more information, visit the Login.gov Help Center.
ID.me is a single sign-on provider that also meets the U.S. government’s online identity proofing and authentication requirements. You can use one ID.me account to access government and private services. For support – Go to the ID.me Help Center.
Source: How to Transition Your Social Security Account to Login.gov | SSA
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Welcome our new Marketing Associate, Jaclyn Fosler!
We have another new team member we’re excited to introduce. Jaclyn is working with our Communications team and is currently assisting with the client appreciation event planning.
Jaclyn grew up near Madison, Wisconsin and graduated from the University of Wisconsin-Whitewater with a Bachelor of Business Administration in Marketing. Prior to joining Eagle Wealth, Jaclyn was a Marketing Communications Specialist for SII Investments, our former broker-dealer.
She’s also done some work for two different tax firms. Her eye for detail, passion for planning/organizing, and drive to make people happy have always been key to her success. She takes pride in seeing people enjoying themselves at the events she helps plan.
She feels financial planning is important for every family to consider at any stage of their lives.
“Family is very important to me. Everyone at Eagle Wealth is so welcoming and caring that I feel very much a part of their family as well,” acknowledges Jaclyn. “They truly care about their clients and team members.”
In her spare time, Jaclyn loves to watch and play sports or games with her daughter, son, husband, and mini Australian Shepherd. She enjoys going for motorcycle rides with her husband, reading, music, and sharing new experiences with her children.
Fun Fact: Jaclyn loves to bake and has made some fun birthday cakes for her kids, such as an ATV for her son and a purse for her daughter.
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The Week on Wall Street
Stocks ended last week with modest losses, masking a volatile five-day trading period that saw investors embrace recession concerns and then dismiss the slow-down talk as speculation as the week progressed.
The Dow Jones Industrial Average slipped 0.60 percent, while the Standard & Poor’s 500 Index ended flat (-0.04 percent). The Nasdaq Composite dipped 0.18 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, fell 1.21 percent.1,2
Stocks Stage Comeback
Monday was the worst day for the S&P 500 and the Dow in nearly two years. As recession talk grew louder, investors took a “risk off” position.
On Monday, the Japanese market had its worst drop since 1987 as market participants unwound positions from a popular trading strategy called a “carry trade” amid a global sell-off in stock prices.3
But on Thursday, initial jobless claims fell less than expected—a positive sign for the labor markets— which quieted some of the recession talk. Also, as the week progressed, there was growing speculation that the July jobs report was more of an outlier than a lead indicator of a pending recession.
By Friday’s close, all three major averages had regained most of the week’s losses.4
Mortgage Update
Last Thursday, the average rate on a 30-year fixed mortgage dropped to 6.47 percent—a 15-month low. Many home buyers welcomed the news, and it appeared to help support Thursday’s rally.5
But the announcement left some wondering whether rates would continue to trend lower. Mortgage rates are tied to the interest rates set by the Federal Reserve. Some speculated the drop was due to market participants anticipating the Fed would adjust rates in September, which remains anything but certain.6
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Any companies mentioned are for informational purposes only, and this should not be considered a solicitation for the purchase or sale of their securities. Any investment should be consistent with your objectives, time frame, and risk tolerance. Past performance is not a guarantee of future results.
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1. The Wall Street Journal, August 9, 2024
2. Investing.com, August 9, 2024
3. CNBC.com, August 5, 2024
4. The Wall Street Journal, August 8, 2024
5. The Wall Street Journal, August 8, 2024
6. The Wall Street Journal, August 9, 2024
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.
The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.
The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.
The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.
U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.
Please consult your financial professional for additional information.
This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security. Copyright 2024 FMG Suite.
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