If you are paying any attention to the news or even just the conversations wafting through the office, you have heard the concerns regarding the world and domestic economy. Inflation is the highest it has been in decades – meaning EVERYTHING costs more – and retirement accounts are being hammered by it all, begging the question…
FRUSTRATED YET?
If you’re like most investors, the answer is an emphatic YES! But then the real question, especially after the recent market uncertainty and volatility, is “What can you do about it?”
While we at the Segrust Group don’t pretend to have all the answers, our clients—people just like you—would tell you that we have enough to take away the frustrations. The good news is, «Salutation», my team and I are here to help our clients navigate the current market environment.
(Following is an example of how this letter should be customized for the current market environment. Delete this message before sending it to your clients.)
As of (Date) the Federal Reserve has raised interest rates eight times since March of 2022 to fight inflation. On one hand, higher interest rates are a proven tool for fighting inflation. Higher interest rates reward saving. If Americans spend less, demand for goods and services go down, forcing companies to lower their prices if they’re to attract new business. Lower prices means lower inflation. On the other hand, higher rates mean higher borrowing costs and more expenses for both individuals and companies. If rates rise too high, too fast, it can cause some major problems. That is something we are currently seeing in the banking industry. Unfortunately, some banks have had to be saved by the government due to their assets no longer being liquid at anything but fire sale prices. Higher rates could also trigger nationwide layoffs, a crash in housing prices, and more. Which scenario will play out? No one knows for sure, which is why you need to work with someone who has a plan for either result.
In a time of questions, there are answers. I find that too many, however, are not getting them, which is leading to confusion and, as I mentioned at the outset, FRUSTRATION.
If you find yourself wondering if you will have enough to retire or if you will have to stay in the workplace longer, or if you even wonder if your plan is adequate to weather the current storms and you are NOT getting those answers, then please just give me a call at (866) 966-9724. Let’s have a chat about your situation and how to ensure you are on the right track.
I am talking to lots of people right now who all just want what you and I want, a sense of calm and direction that ensures them that they can accomplish the goals they started working to achieve in the first place. Let me spend a few minutes with you answering your questions and helping you see what, if any, changes you should be making to remove that frustration once and for all.
Sincerely,
Cliff Cadle, CPFA, AIF