Markets are creeping back up the last couple weeks…

On the flip side: FA MarketING is still at all time highs across the country. I hope you still plan to market through the summer even if it’s normally your “slow” months!

(you probably already know) FIAs have some of the highest rates we’ve seen in over 20 years!!

• This is mainly due to the high interest rates which look like they are only going up form here
• Schedule a call with your coach or Bethany on our team to talk through these high rates and the constant changes to products

Here are your Quick Hits:

The Market Is Melting Down and People Are Feeling It. ‘My Stomach Is Churning All Day.’

• “To investors it can feel there is no safe place. While the vast majority of individual investors are holding steady, that is in part because customary alternatives don’t offer much relief. Bonds, normally a haven when stocks are falling, have also been pummeled. The cryptocurrency market, pitched as a counterweight to traditional stocks, is sinking.”

• This quote is powerful!
  • “It’s getting worse for people in my age group,” Mr. McCaffrey said, “simply because we don’t have time to wait for it to come back.”

Thinking in Bets: How to make Decisions like a Poker Player

• Great article explaining how to make better decisions especially when it comes to investing!
• “In this article, you’ll find two real-life examples of how people —mistakenly— evaluate decisions based on their outcomes. Then, you’ll see why it’s wrong and how to take luck into consideration by thinking like a poker player.”
• “There are exactly two things that determine how our lives turn out: the quality of our decisions and luck. Learning to recognize the difference between the two is what thinking in bets is all about.” – Annie Duke

Inflation at the pump, now it’s listed on your checks at restaurants?

• I haven’t seen this personally, but apparently it’s a thing.
• Rather than raise menu prices, restaurants are using new fees and surcharges to stick inflation into the fine print.

Know IRS’ Secure Act RMD Regs or Risk Getting Sued

• Your clients’ beneficiaries could take a bigger tax hit if planning isn’t done beforehand.
• Cementing relationships with clients’ beneficiaries is key to avoiding future lawsuits, Slott says.
• While the IRS regs are not yet final, they are in effect now and it could be years before final regs are issued.

Make it a great weekend!