A MESSAGE FROM MFA REGARDING COVID-19 AND THE STOCK MARKET
Staying the Course.
With the recent equity and bond mark volatility caused by the economic uncertainty due to the COVID-19 virus, it good to ask yourself these questions which will help define what action or non-action to consider with your investments.
- Why do I feel the way I do?
- When will I need my assets?
- How does my portfolio look today based on what I think it looks like?
The market is always on the move. When it’s up, most everyone is happy. When it drops, it can be easy to overreact. Fear can tempt even the most disciplined of investors to make snap decisions to pull out of struggling investments. Doing so may undermine your long-term success; it’s impossible to know precisely when to reinvest after a downturn, particularly one that is short-lived.
We all hope that this downturn is short-lived. It can’t be predicted exactly what will happen in the short term but I can look at history and get an indication of how markets responded. Not all market downturns are the same but they do have similarities. The US economy is one of the strongest in the world and this downturn is different than that in 2008-2009. As a result, it should be quicker to recover (no promises).
Investing is a long-term exercise and requires discipline to avoid the pitfalls of fear and greed. We are here to stand with you through this time of uncertainly. Please feel free to call our office if you feel the need to talk.
Midtown Financial Advisors, LLC
Midtown Financial Advisors consists of 5 managing partners, 9 advisors, and 3 specialists. The culture of our firm is one of teamwork and collaboration. Our firm has a vast array of experience in our industry and we are constantly leveraging that experience for the benefit of our clients and our community.Learn More
Our firm has years of collective experience in almost every area of wealth management. We take pride in our ability to incorporate all aspects of wealth management into our relationship with our clients. Regardless of your area of greatest need or concern, we have individuals with the knowledge and experience to solve the issue and bring peace of mind.Learn More
Our firm is committed to not only making an impact in the areas of wealth management, but also to making a positive impact in and around our community. We believe that finances are a significant part, but not the most critical part of our lives. We want to empower people to leave a legacy that extends beyond their finances, and we believe helping people engage with others in our community is a key component to that end.Coming Soon
Institutional Abilities with a Personal Feel
At Midtown Financial Advisors, we understand that individuals face unique challenges as they consider various aspects of financial planning and investment management. We can help take the mystery out of preparing for today and tomorrow. Whether your goal is to prepare for retirement, save for college, develop an estate strategy, or preserve wealth, our personalized service focuses on your needs, wants, and financial goals and objectives.
Our managing partners have over 120 years of combined experience in financial services. We can help you address your needs of today and for many years to come. We look forward to working with you through all stages of your life.
Eight Mistakes That Can Upend Your Retirement
There are common mistakes you can avoid when saving for retirement.
How to Retire Early
Retiring early sounds like a dream come true, but it’s important to take a look at the cold, hard facts.
Surprise! You’ve Got Money!
Here’s a quick guide to checking to see if you have unclaimed money.
Planning for a special-needs child can be complicated, confusing, and even overwhelming.
Try these activities to keep your brain sharp.
When you take the time to learn more about how it works, you may be able to put the tax code to work for you.
Learn a little about worldwide currency in this fun infographic
Don’t overlook the need for renter’s insurance if you rent your home.
Combating counterfeiting remains core to preserving the integrity of the nation’s money.
Estimate how much you have the potential to earn during your working years.
This calculator compares employee contributions to a Roth 401(k) and a traditional 401(k).
Enter various payment options and determine how long it may take to pay off a credit card.
Estimate how long your retirement savings may last using various monthly cash flow rates.
Use this calculator to compare the future value of investments with different tax consequences.
This calculator estimates how much life insurance you would need to meet your family's needs if you were to die prematurely.
A number of questions and concerns need to be addressed to help you better prepare for retirement living.
How federal estate taxes work, plus estate management documents and tactics.
A presentation about managing money: using it, saving it, and even getting credit.
Investment tools and strategies that can enable you to pursue your retirement goals.
The chances of needing long-term care, its cost, and strategies for covering that cost.
Principles that can help create a portfolio designed to pursue investment goals.
Learning more about gold and its history may help you decide whether it has a place in your portfolio.
There are a few things to consider when buying or leasing your next vehicle.
A growing number of Americans are pushing back the age at which they plan to retire. Or deciding not to retire at all.
Agent Jane Bond is on the case, discovering how bonds diversify a portfolio.
The average retirement lasts for 18 years, with many lasting even longer. Will you fill your post-retirement days with purpose?
The market is as unpredictable as the weather. We’d love to help you prepare.