Sunday, September 27, 2020

Fresno Retirement Advisor News: Recovery: COVID-19 First, Then the Economy

Fresno Retirement Advisor News: Recovery: COVID-19 First, Then the Economy

The World Health Organization recently reported that while some countries have made effective inroads to contain COVID-19 within their borders, the pandemic is still well on the rise throughout the world.1 Perhaps one of the most debilitating impacts of today’s global economy is that one country’s problem is now every country’s problem. Because business and personal travel is so pervasive today, it appears the only answer to economic recovery is to contain and eradicate the virus – everywhere.

Fortunately, the medical news on the COVID-19 front is starting to look up. In early June, the nation’s top infectious disease expert, Dr. Anthony Fauci, announced that the U.S. government was helping fund and conduct research for three different coronavirus vaccines and hopes to have at least one available early 2021. The World Health Organization reports that, globally, 10 vaccines are currently undergoing human trials with 126 others in development.2

Then later in June, researchers in the UK reported that a very common, affordable drug available worldwide has been found to be effective for hospitalized coronavirus patients on ventilators. Apparently, dexamethasone has no impact on milder symptoms of coronavirus, but it has been shown to help reduce mortality for some higher-risk patients.3

These recent advancements are a big step in the fight against the pandemic, but it’s important to realize that it will take time to get control of it. However, these words from Dr. Fauci may provide comfort, “Don’t despair. This will end, and we will get control over it.”4

In the meantime, it’s important that we each plan for a future in which medical conditions and economic downfalls are more common. If you’d like help to reassess your portfolio with the goal of generating a higher sense of financial confidence for the future, please give us a call.

It is understandable that long-term investors want to look beyond the pandemic for economic recovery and glean ideas on how to invest in the future. Clearly, one industry that’s hard at work is the health technology market. Digital health has taken off as a means of coping with patients who are better off staying at home, and health innovation funding is rapidly expanding.5

Bank of America Global Research, Israel anticipates several global megatrends that will have the greatest impact on the post-pandemic recovery. These include: 6

  • A further shift away from reliance on Chinese manufacturing, particularly in the tech and pharma industries
  • A greater focus by consumers on technology and digital media – a lingering influence borne out of today’s stay-at-home recommendations
  • Bigger government influence at all levels, particularly in relation to tracking and preventing health crises, business models with a higher emphasis on worker benefits and more aggressive action for climate-friendly environmental initiatives

Speaking of the environment, some leaders are predicting that the pandemic may lead to more sustainable business practices. Initially, business owners are expected to be more focused on the short-term health and welfare of their businesses and employees. However, some industry leaders and policymakers insist that future investment should be channeled toward real change for a low-carbon, more sustainable future.7

Fresno Retirement Advisor Takeaways 

Fresno portfolio advisor– Soutas Financial appreciated these points: Perhaps one of the most debilitating impacts of today’s global economy is that one country’s problem is now every country’s problem. In the meantime, it’s important that we each plan for a future in which medical conditions and economic downfalls are more common. Speaking of the environment, some leaders are predicting that the pandemic may lead to more sustainable business practices. Initially, business owners are expected to be more focused on the short-term health and welfare of their businesses and employees. However, some industry leaders and policymakers insist that future investment should be channeled toward real change for a low-carbon, more sustainable future.7

Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage IRA, 401(k) & 403(b) Rollovers as well as Life Insurance strategies designed to help accomplish those goals.

When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno financial advisor, Fresno financial planner, Fresno financial planning consultant, Fresno portfolio advisor, Fresno retirement planning advisor, Fresno retirement plan consultant is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning, Tax Planning Strategies, IRA, 401(k) & 403(b) Rollovers, Life Insurance Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!

Other Fresno Financial Advisor Articles 

Soutas Financial & Insurance Solutions Inc. 
333 W. Shaw Avenue Suite 106
Fresno, CA 93704 
(559) 230-1648 
Soutas.com 

Content prepared by Kara Stefan Communications. 

1 Scott Neuman. NPR. June 29, 2020. “WHO Chief On COVID-19 Pandemic: ‘The Worst Is Yet To Come.’” https://www.npr.org/sections/coronavirus-live-updates/2020/06/29/885049691/who-chief-on-covid-19-pandemic-the-worst-is-yet-to-come. Accessed July 2, 2020.

2 Jim Sciutto, Jamie Gumbrecht and Chandelis Duster. CNN. June 10, 2020. “US government to fund and conduct studies on three possible coronavirus vaccines, Fauci says.” https://www.cnn.com/2020/06/10/politics/vaccine-trials-funding/index.html. Accessed June 16, 2020.

3 Michelle Roberts. BBC. June 16, 2020. “Coronavirus: Dexamethasone proves first life-saving drug.” https://www.bbc.com/news/health-53061281. Accessed June 16, 2020.

4 Moira McCarthy. Healthline. June 8, 2020. “Dr. Anthony Fauci: COVID-19 Will End and We Will Get Control Over It.” https://www.healthline.com/health-news/dr-anthony-fauci-this-will-end-and-we-will-get-control-over-it#1. Accessed July 2, 2010.

5 Heather Landi. Fierce Healthcare. July 1, 2020. “Investors double down on health technology as funding reaches $9.1B in 2020.” https://www.fiercehealthcare.com/tech/investors-double-down-health-technology-as-funding-reaches-9-1b-2020. Accessed July 2, 2020.

6 Merrill/Bank of America Global Research. May 22, 2020. “5 Trends That Could Define Our Post-Coronavirus Lives.” https://www.ml.com/articles/post-coronavirus-life-investing-opportunities-5-trends.html. Accessed June 16, 2020.

7 Knowledge@Wharton. June 8, 2020. “How the Pandemic Can Lead to a More Sustainable Future.” https://knowledge.wharton.upenn.edu/article/how-the-pandemic-can-lead-to-a-more-sustainable-future/. Accessed June 16, 2020.

Our firm is not affiliated with the U.S. government or any governmental agency. 
 
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173 
 
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 659682 – 6/20 

The post Fresno Retirement Advisor News: Recovery: COVID-19 First, Then the Economy appeared first on Soutas Financial & Insurance Solutions Inc..



source https://soutas.com/fresno-retirement-advisor-news-recovery-covid-19-first-then-the-economy/?utm_source=rss&utm_medium=rss&utm_campaign=fresno-retirement-advisor-news-recovery-covid-19-first-then-the-economy

Sunday, September 20, 2020

Fresno Financial Consultant News: Dealing with Financial Hardship

Fresno Financial Consultant News: Dealing with Financial Hardship

A recent poll found that nearly one out of every five Americans are experiencing financial hardship due to the COVID-19 outbreak and subsequent lockdowns.1 With reported infections soaring in recent weeks, financial stress could affect even more citizens as various areas of the country struggle to contain the pandemic.

However, what may happen in the future matters little to those who are experiencing financial difficulties today. If you’d like guidance on building a sustainable budget or strategies for future retirement income, we can help. It’s important to delay any unnecessary purchases and save any financial windfalls you may receive as long as the economic future remains unclear.

The following is a primer on some of the financial issues you may be facing and what to be aware of as you plan for tomorrow.

Paying Bills

If possible, pause payments on all but essentials, like food, housing and utilities. This means tracking down expenses you may automatically pay on a monthly basis, such as streaming services and subscriptions. If you’re stuck at home, carefully consider what you may need to retain (like Netflix) versus what you do not (gym membership). Also, many utility providers — including phone, internet, auto lenders and insurance — are willing to work with customers to extend payment plans. When in doubt, call. It’s better to discuss options than miss payments and hope for the best.2

Borrowing

Use what resources you have, but try to avoid ratcheting up debt. Some credit card companies offer hardship programs designed to help cardholders through difficult times. According to NerdWallet, 16% of U.S. cardholders applied for hardship assistance in March and April of this year. These programs include options like reduced minimums, deferred payments and/or reduced or waived interest payments. Be aware, however, that entering such a program may result in a negative mark on your credit report. However, this option is better than missing or making late payments.3

Consider other options for borrowing money as well, such as tapping your home equity for a line of credit or refinancing your mortgage.4

Housing

The federal government has enacted a couple of protections for people who can’t pay their rent or mortgage. The first prevents lenders and landowners from foreclosure or eviction — a provision that was recently extended until Aug. 31.5 The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes a provision for homeowners with federally backed mortgages. Homeowners who have experienced financial hardship due to the coronavirus pandemic can request a forbearance for up to 180 days. Forbearance permits the borrower to suspend or reduce mortgage payments for a limited period of time, but it does not forgive amounts owed. Those amounts may be tacked onto future payments or extend the life of the loan.6

Student Loans

The CARES Act also provided a provision to suspend principal and interest payments on federal student loans until September 30, 2020. Be aware, however, that this provision does not apply to older Federal Family Educational Loans not owned by the Department of Education, parent and Perkins loans, and loans issued by state agencies.7 However, these lenders may be willing to work with borrowers who call to request an amended payment plan.

Fresno Financial Consultant Takeaways 

Fresno financial planning is our utmost concern here at Soutas Financial and we thought these takeaways were worth mentioning again. A recent poll found that nearly one out of every five Americans are experiencing financial hardship due to the COVID-19 outbreak and subsequent lockdowns.1 If possible, pause payments on all but essentials, like food, housing and utilities. This means tracking down expenses you may automatically pay on a monthly basis, such as streaming services and subscriptions. Use what resources you have, but try to avoid ratcheting up debt. Some credit card companies offer hardship programs designed to help cardholders through difficult times. The federal government has enacted a couple of protections for people who can’t pay their rent or mortgage. The CARES Act also provided a provision to suspend principal and interest payments on federal student loans until September 30, 2020.

Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage Legacy Planning as well as Tax Planning Strategies designed to help accomplish those goals.

When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno financial planning consultant is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning, Tax Planning, Strategies IRA, 401(k) & 403(b) Rollovers, Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!

Other Fresno Financial Advisor Articles 

Soutas Financial & Insurance Solutions Inc. 
333 W. Shaw Avenue Suite 106
Fresno, CA 93704 
(559) 230-1648 
Soutas.com 

Content prepared by Kara Stefan Communications. 

1 Fred Backus and Jennifer De Pinto. CBS News. June 4, 2020. “Nearly one in five say coronavirus has caused financial hardship.” https://www.cbsnews.com/news/coronavirus-pandemic-financial-hardship-cbs-news-poll/. Accessed June 25, 2020.

2 Yuliya Rzad. Consumer Finance Protection Bureau. April 17, 2020. “Tools to help when you can’t pay your bills.” https://www.consumerfinance.gov/about-us/blog/tools-to-help-pay-bills/. Accessed June 25, 2020.

3 Erin El Issa. NerdWallet. June 25, 2020. “2020 Consumer Credit Card Report.” https://www.nerdwallet.com/blog/credit-card-data/consumer-credit-card-trends-study/. Accessed June 25, 220.

4 T. Rowe Price. June 3, 2020. “7 Steps to Take When Facing Financial Hardship.” https://www.troweprice.com/personal-investing/resources/insights/7-steps-to-take-when-facing-financial-hardship.html. Accessed June 25, 2020.

5 Renee Rodriguez. Miami Herald. June 17, 2020. “COVID-19 foreclosure ban for homeowners extended through Aug. 31. But there’s a catch.” https://www.miamiherald.com/news/business/real-estate-news/article243598727.html. Accessed June 25, 2020.

6 Consumer Finance Protection Bureau. April 24, 2020. “Guide to coronavirus mortgage relief options.” https://www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/. Accessed June 25, 2020.

7 Sheryl Nance-Nash. Newsday. April 27, 2020. “Money Fix: Lenders offering relief on student loans during pandemic.” https://www.newsday.com/business/coronavirus/coronavirus-student-loans-relief-1.43949927\. Accessed June 25, 2020.

Our firm is not affiliated with the U.S. government or any governmental agency. 
 
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173 
 
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 659682 – 6/20 

The post Fresno Financial Consultant News: Dealing with Financial Hardship appeared first on Soutas Financial & Insurance Solutions Inc..



source https://soutas.com/fresno-financial-consultant-news-dealing-with-financial-hardship/?utm_source=rss&utm_medium=rss&utm_campaign=fresno-financial-consultant-news-dealing-with-financial-hardship

Sunday, September 13, 2020

Fresno Retirement Consultant News: Rerouting Your Summer Vacation

Fresno Retirement Consultant News: Rerouting Your Summer Vacation

All is not lost. If you planned a multicity tour across Europe or Asia this summer, you’ve probably already rethought those plans. But that doesn’t mean you have to abandon the idea of a vacation altogether. Perhaps a domestic destination, a little ingenuity and a lot of family unity are just what you need.

As far as COVID-19 restrictions go, federal guidelines still do not recommend travel, especially internationally. The CDC advises that if you decide to travel domestically, be sure to take precautions against catching the virus, including washing hands often, socially distancing and wearing a mask.1

In addition, tourism experts recommend avoiding large crowds and choosing outdoor destinations. The key may be to find destinations that fewer people know about.2

Before you go too far down the road, decide how much you can spend. If previous travel plans have been canceled, consider whether you want to use a voucher to rebook in the future or be reimbursed now.3 If you choose the latter option, you might be sitting on cash you are itching to spend. But before you do, it’s a good idea to research where the U.S. is in terms of “flattening the curve” and what the economy — and your job situation — could potentially look like in the future. Many economists are concerned about the effects a possible second wave of COVID-19 infections could have on the economy, so consider whether it’s smart to hold back some that cash you haven’t spent yet.4

If you are concerned about the effects of the coronavirus pandemic on your retirement income, we may be able to help. Please feel free to contact us to discuss creating retirement strategies through the use of insurance products that can help you work toward your retirement income goals.

If you are up for rerouting your vacation plans, consider these ideas. On the high end of travel, an upscale hotelier, Auberge Resorts Collection, and a luxury travel company, Black Tomato, have partnered to host “Take the Open Road with Auberge and Black Tomato.” Packages offer the use of a Mercedes-Benz to take you on multiple destinations with unique experiences in a particular area, with options ranging from lobster fishing in Kennebunk, Maine, to hiking, horseback riding and fly fishing in Park City, Utah. All packages feature award-winning hotel accommodations.5

A more budget-friendly option could be a vacation rental. To minimize your risk of exposure to coronavirus, consider renting an all-in-one party house, complete with swimming pool and other kid-friendly accommodations. The extra expense of renting may be offset by preparing meals at home and limiting other excursions. Research to make sure that you don’t choose a “hotspot” experiencing a COVID-19 outbreak and that you’ll have access to stores, restaurants and any other venues you plan to visit.6

Fresno Retirement Consultant Takeaways 

Soutas Financial your Fresno financial planner would like to remind you of the following points: If you planned a multicity tour across Europe or Asia this summer, you’ve probably already rethought those plans. But that doesn’t mean you have to abandon the idea of a vacation altogether. The key may be to find destinations that fewer people know about.2 Before you go too far down the road, decide how much you can spend. If previous travel plans have been canceled, consider whether you want to use a voucher to rebook in the future or be reimbursed now.3 A more budget-friendly option could be a vacation rental. To minimize your risk of exposure to coronavirus, consider renting an all-in-one party house, complete with swimming pool and other kid-friendly accommodations. The extra expense of renting may be offset by preparing meals at home and limiting other excursions.

Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage Asset Protection as well as Long-Term Care Strategies designed to help accomplish those goals.

When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno financial planner is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning Tax Planning, Strategies IRA, 401(k) & 403(b) Rollovers Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!

Other Fresno Financial Advisor Articles 

Soutas Financial & Insurance Solutions Inc. 
333 W. Shaw Avenue Suite 106
Fresno, CA 93704 
(559) 230-1648 
Soutas.com 

Content prepared by Kara Stefan Communications. 

1 David Oliver. USA Today. May 20, 2020. “Weighing whether to travel this summer during the coronavirus pandemic? What to consider.” https://www.usatoday.com/story/travel/news/2020/05/20/coronavirus-travel-summer-vacation-what-cdc-state-department-say/5198927002/. Accessed June 9, 2020.

2 Ibid.

3 Lisa Milbrand. Real Simple. May 14, 2020. “How to Handle Vacation Plans (Including Your Summer Vacation) During COVID-19.” https://www.realsimple.com/work-life/travel/travel-planning/travel-vacation-planning-covid-coronavirus. Accessed June 9, 2020.

4 Carmen Reinicke. Business Insider. June 8, 2020. “A 2nd wave of COVID-19 infections poses the biggest threat to the US economy this year, economist survey shows.” https://www.businessinsider.com/economy-biggest-threat-second-wave-coronavirus-infections-us-covid19-survey-2020-6. Accessed June 9, 2020.

5 Lauren Mowery. Forbes. June 9, 2020. “Four Ways You Should Hit America’s Roads This Summer With Black Tomato.” https://www.forbes.com/sites/lmowery/2020/06/09/four-road-trips-with-auberge-mercedes-and-black-tomato/#66e874be71f3. Accessed June 9, 2020.

6 Claire Ballentine. Bloomberg. May 21, 2020. “Considering a Vacation Rental? Here’s What to Know Before You Travel.” https://www.bloomberg.com/news/articles/2020-05-21/considering-a-vacation-rental-what-to-know-before-covid-travel. Accessed June 9, 2020.

Our firm is not affiliated with the U.S. government or any governmental agency. 
 
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173 
 
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 659682 – 6/20 

The post Fresno Retirement Consultant News: Rerouting Your Summer Vacation appeared first on Soutas Financial & Insurance Solutions Inc..



source https://soutas.com/fresno-retirement-consultant-news-rerouting-your-summer-vacation/?utm_source=rss&utm_medium=rss&utm_campaign=fresno-retirement-consultant-news-rerouting-your-summer-vacation

Sunday, September 6, 2020

Fresno Financial Advisor News: How Might the Economic Downturn Affect Dividends?

Fresno Financial Advisor News: How Might the Economic Downturn Affect Dividends?

If a large allocation of your retirement portfolio is invested in dividend-paying stocks, you might see your household income reduced this year. During the Great Recession, dividend payouts dropped by 25% and didn’t fully recover for at least four years. Today’s financial crisis brought on by the worldwide COVID-19 outbreak has once again created a potential reduction in some dividend payments.1

U.S. dividend payers are in a sticky situation. Banks and other lending institutions saw profits drop by 50% by the end of March. These losses are expected to continue as millions of Americans continue to lose jobs and struggle to make rent, mortgage and credit card payments. Other reliable dividend payers include airlines, auto manufacturers and large retailers — also companies that have been hammered by drastically reduced consumer demand. The Chicago Mercantile Exchange recently predicted that S&P 500 index dividends will fall from 2019’s $58.24 to $47.55 this year, and even further ($42.05) in 2021. The impact on retirees could be a 27% reduction in income.2

Dividend payments — or the lack of them — may have an impact on how a company is viewed by investors. Historically, a company that paid out dividends has been considered financially stable with management that was confident about future earnings.3 Conversely, investors may interpret a reduction or halt in dividend payouts as a sign that a company is in trouble.4

Given that it took four years for dividend stocks to recover from the last recession, current retirees may want to start looking at alternative income stream ideas. However, traditional alternatives may also have drawbacks in the current economy. For example, investors may consider turning to master limited partnerships (MLPs). An MLP is a company organized as a publicly traded partnership in the natural resources or real estate sector. Historically, MLPs have been considered low-risk, long-term investments that provide a steady stream of tax-sheltered distributions to investors.5 However, the combination of falling oil prices and falling transportation demand due to the COVID-19 pandemic has put many MLPs under financial stress.6

Today’s crisis has demonstrated that some traditional sources of retirement income are vulnerable to disruption. Now more than ever, it’s important that retirees and pre-retirees develop a financial plan that takes into account their need for asset preservation strategies, growth and reliable income. If you have any questions or concerns about your own financial plan, give us a call. We’ll be happy to talk.

Fresno Financial Planner Takeaways 

As your Fresno financial advisor we thought this was a good takeaway: Today’s financial crisis brought on by the worldwide COVID-19 outbreak has once again created a potential reduction in some dividend payments.1 Dividend payments — or the lack of them — may have an impact on how a company is viewed by investors. Historically, a company that paid out dividends has been considered financially stable with management that was confident about future earnings.3 Given that it took four years for dividend stocks to recover from the last recession, current retirees may want to start looking at alternative income stream ideas. However, traditional alternatives may also have drawbacks in the current economy. Now more than ever, it’s important that retirees and pre-retirees develop a financial plan that takes into account their need for asset preservation strategies, growth and reliable income.

Diversifying your retirement assets among a variety of vehicles and alternatives—both insurance and investment oriented, depending on what is appropriate for your situation—may offer you a better chance of meeting your retirement income goals throughout your lifespan. We help our clients with problems sometimes associated with retirement such as stopping spend down and avoiding probate. In doing so we leverage Retirement Income Strategies as well as Wealth Accumulation Strategies designed to help accomplish those goals.

When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno financial advisor is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning Tax Planning, Strategies IRA, 401(k) & 403(b) Rollovers Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!

Other Fresno Financial Advisor Articles 

Soutas Financial & Insurance Solutions Inc. 
333 W. Shaw Avenue Suite 106
Fresno, CA 93704 
(559) 230-1648 
Soutas.com 

Content prepared by Kara Stefan Communications.

1 William Baldwin. Forbes. April 16, 2020. “How Much Will Your Dividends Get Cut?” https://www.forbes.com/sites/baldwin/2020/04/16/how-much-will-your-dividends-get-cut/#17263d3319cf. Accessed June 9, 2020.

2 Ibid.

3 Amy Fontinelle. Investopedia. May 15, 2020. “Companies That Pay Dividends — And Those That Don’t.” https://www.investopedia.com/ask/answers/12/why-do-some-companies-pay-a-dividend.asp. Accessed June 9, 2020.

4 Chad Langager. Investopedia. June 4, 2020. “Why Would a Company Drastically Cut Its Dividend?” https://www.investopedia.com/ask/answers/06/dividendpaymentcut.asp. Accessed June 22, 2020.

5 James Chen. Investopedia. Aug. 28, 2019. “Master Limited Partnership – MLP.” https://www.investopedia.com/terms/m/mlp.asp. Accessed June 9, 2020.

6 Pensions & Investments. March 24, 2020. “Pipeline funds imperiled with end of MLPs in sight.” https://www.pionline.com/private-equity/pipeline-funds-imperiled-end-mlps-sight. Accessed June 9, 2020.

Our firm is not affiliated with the U.S. government or any governmental agency. 
 
We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. This material is intended to provide general information to help you understand basic retirement income strategies and should not be construed as financial advice. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Soutas Financial & Insurance Solutions, Inc are not affiliated companies. California Insurance License # OK48173 
 
The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. Investing involves risk, including possible loss of principal. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Diversification cannot ensure a profit or guarantee against losses in a declining market. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. 659682 – 6/20 

The post Fresno Financial Advisor News: How Might the Economic Downturn Affect Dividends? appeared first on Soutas Financial & Insurance Solutions Inc..



source https://soutas.com/fresno-financial-advisor-news-how-might-the-economic-downturn-affect-dividends/?utm_source=rss&utm_medium=rss&utm_campaign=fresno-financial-advisor-news-how-might-the-economic-downturn-affect-dividends

Top Retirement Strategies for July 2025

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