Relevant information and articles to improve your financial life.
Issue 7
Relevant information and articles to improve your financial life.
Issue 7
Message From Your Advisor
Summer is quickly passing by. I hope that the year has started well for you, your family and friends. Summer has been good here and we’ll be sharing some things that we’ve been working on over the coming months.
One thing that you’ll begin to notice is that we have updated our company logo. This is the first update since our founding…and hopefully the last for quite some time! The logo utilize our corporate initials and incorporates the sun rising/setting (depending upon your viewpoint). Hopefully you like the update.
As always, we’re including a few articles below. Feel free to share those items that may be of interest to others you know.
Enjoy the rest of summer and for those with children or grandchildren starting school in the coming weeks, hopefully the transition back to school goes smoothly. Feel free to reach out with any questions you may have.
Monthly Market Update
Last month, the stock market posted a solid gain, overcoming investors’ fears of higher inflation and an increase in COVID-19 cases. The Dow Jones Industrial Average picked up 1.25 percent, while the Standard & Poor’s 500 Index gained 2.27 percent. The Nasdaq lagged, climbing 1.16 percent.
Personal Finance
Parents are preparing to pay more this back-to-school season as inflation hits wallets, KPMG survey finds
Likely not a large surprise, but back-to-school shopping will likely be more expensive this year. While it’s expected that the average expenditure will increase 10%, the final tally may be larger than that.
Inflation could prompt largest Social Security cost-of-living adjustment in decades. Why there’s a push to change the way it’s calculated
If there is a silver lining to the inflation numbers that we’ve been seeing, it very well could be one of the largest increases in Social Security payments we’ve seen in quite some time.
The best identity theft monitoring services for 2021
Did you know that your homeowners insurance policy may have (or at least offer) identity theft protection? Be sure to speak with your insurance agent to discuss the best option for your situation.
Covid scams cost Americans nearly $500 million — and criminals are now eyeing the child tax credit
Covid scams were abundant last year and the first part of this year. Now, scammers seem to be targeting the Child Tax Credit. Don’t be fooled. Be on the look out and make sure your friends know as well.
Personal Well-Being
Planning to travel? Here’s why you need to insure your next trip
Travel insurance can be a good thing to have to protect your vacation. It can also be something that doesn’t help you as you think it should. Be sure to review the terms of the travel insurance program before signing up. While you don’t want to use it, you want it to work should you need to.
Technology Tips
A Mystery Malware Stole 26 Million Passwords From Windows PCs
Database breaches are, unfortunately, nothing new. It’s important to make sure that you have both a solid and a secure password.
Don’t think you have issues? Think again. Visit https://haveibeenpwned.com to discover what accounts may have been compromised.
Monthly Market Update
Last month, the stock market posted a solid gain, overcoming investors’ fears of higher inflation and an increase in COVID-19 cases. The Dow Jones Industrial Average picked up 1.25 percent, while the Standard & Poor’s 500 Index gained 2.27 percent. The Nasdaq lagged, climbing 1.16 percent.
parklakeadvisors.com 
Personal Finance
Parents are preparing to pay more this back-to-school season as inflation hits wallets, KPMG survey finds
Likely not a large surprise, but back-to-school shopping will likely be more expensive this year. While it’s expected that the average expenditure will increase 10%, the final tally may be larger than that.
cnbc.com
Inflation could prompt largest Social Security cost-of-living adjustment in decades. Why there’s a push to change the way it’s calculated
If there is a silver lining to the inflation numbers that we’ve been seeing, it very well could be one of the largest increases in Social Security payments we’ve seen in quite some time.
cnbc.com
The best identity theft monitoring services for 2021
Did you know that your homeowners insurance policy may have (or at least offer) identity theft protection? Be sure to speak with your insurance agent to discuss the best option for your situation.
cnet.com
Covid scams cost Americans nearly $500 million — and criminals are now eyeing the child tax credit
Covid scams were abundant last year and the first part of this year. Now, scammers seem to be targeting the Child Tax Credit. Don’t be fooled. Be on the look out and make sure your friends know as well.
cnbc.com
Personal Well-Being
Planning to travel? Here’s why you need to insure your next trip
Travel insurance can be a good thing to have to protect your vacation. It can also be something that doesn’t help you as you think it should. Be sure to review the terms of the travel insurance program before signing up. While you don’t want to use it, you want it to work should you need to.
cnbc.com
Technology Tips
A Mystery Malware Stole 26 Million Passwords From Windows PCs
Database breaches are, unfortunately, nothing new. It’s important to make sure that you have both a solid and a secure password.
Don’t think you have issues? Think again. Visit https://haveibeenpwned.com to discover what accounts may have been compromised.
wired.com