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McKee's Weekly Newsletter 1-11-2021

8 Time-Management Tips to Improve Your Life I have a confession. I don’t like rules. Or structure. There’s just something in me that doesn’t like feeling boxed in or told what to do. I’m a free spirit. I just want to live my life!But as I’ve grown in my career and as a wife and a mom, I’ve come to learn that I need structure in my life. And one area I really need structure is time management. If you’re like me, you probably feel like you&r
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McKee's Weekly Economic Update 1-11-2021

In this week’s recap: Despite continued COVID-19 woes and unrest in Washington D.C., the stock market starts 2021 on a high.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, January 11, 2021 THE WEEK ON WALL STREETShrugging off COVID-19 infections and the disruption at the Capitol on January 6, stocks powered higher to kick off a new year of trading.The Dow Jones Industrial Average gained 1.61%, while the Standard & Poor’s 500 i
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McKee's Weekly Economic Update 1-4-2021

In this week’s recap: Happy New Year! Stocks hit record highs and have varied reactions on stimulus checks and another potential vaccine.McKee’s Weekly Economic UpdatePresented by C. Brian McKee, RFC®, CKA®, January 4, 2021 THE WEEK ON WALL STREETStocks moved higher during a holiday-shortened week of trading, capping off a turbulent, but otherwise strong year for equity investors.The Dow Jones Industrial Average gained 1.35%, while the Standard & Poor’s 500 inc
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McKee's Weekly Newsletter 1-4-2021

Gift vs. Inheritance: Consider the Tax Difference Most people do not pay income tax on assets they inherit, but if they later sell inherited assets such as appreciated securities and real estate, they may owe tax on the capital gains. The capital gain or loss is the difference between the selling price and the asset’s basis. Thus, the basis can be an important factor when deciding whether you should gift assets now or transfer them to heirs at your death. Capital Gains Taxes Capital gains
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Retirement in sight January 2021

Monthly News and Information for Current and Future Retirees Presented by C. Brian McKee, RFC®, CKA®, - JANUARY 2021QUOTE OF THE MONTH“Vulnerability is the birthplace of innovation, creativity, and change.”BRENE BROWNTO RETIRE, OR NOT TO RETIRE?For some of us, the coronavirus pandemic has complicated the question. As Yahoo! Finance reports, a Harris Poll study conducted this past summer found that 25% of Gen Xers and 14% of baby boomers think they will retire later than
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McKee's Monthly Economic Update for January, 2021

In this month’s recap: Stocks closed the year with a solid rally, fueled by the rollout of multiple COVID-19 vaccines and the signing of a new fiscal relief bill.McKee’s Monthly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, January 2021 U.S. MarketsA tumultuous year ended on a positive note as stocks rose in December, spurred by the rollout of multiple COVID-19 vaccines and the signing of a new fiscal relief bill.The Dow Jones Industrial Average, wh
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McKee's Weekly Economic Update 12-28-2020

Don’t Bank Your Retirement on Your BusinessInvesting in your own business makes sense. Many businesses achieve significant growth each year. However, when you consider that many small businesses fold every year, it becomes clear that banking your retirement solely on the success of your business might not be the best idea. There is no guarantee that your business will continue to grow or even maintain its current value. If your business is worth less than you were counting on at the time y
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McKee's Weekly Newsletter 12-21-2020

The Basics of Personal Finance Personal finance can seem super intimidating—after all, it covers all the decisions you make with your money throughout your life. But trust us, it doesn’t have to be complicated!  When you break it down, you’ll see personal finance as very manageable steps that you can and will get a handle on. So, let’s do just that: Create a Budget.First things first: You need to create a budget. Why? Budgeting is the fo
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McKee's Weekly Economic Update 12-21-2020

In this week’s recap: A rollout for a COVID-19 vaccine led to a positive reaction from the markets; stimulus talks continue.Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, December 21, 2020 THE WEEK ON WALL STREETStocks climbed higher amid the COVID-19 vaccine rollout and an improving outlook for a fiscal stimulus bill.The Dow Jones Industrial Average, which has lagged all year, gained 0.44%. The Standard & Poor’s 500 picked up 1.25% while
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McKee's Weekly Newsletter 12-14-2020

It’s easy to think about how great being a Rockstar, Professional Athlete, Lawyer, I think the list is almost limitless.  For a moment we think about how amazing that lifestyle must be and how much better they must have “it”.  For some of us that dream profession would be that of a day trader or even Warren Buffet.  Surly Warren Buffet must have found “it”.  Then you realize Mr. Buffet actually drives himself to the office, eats McDonald’s
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McKee's Weekly Economic Update 12-14-2020

 In this week’s recap: Rising number of COVID-19 cases and no progress on a stimulus bill lead to a bumpy week on Wall Street; U.K. anticipates “No-Deal” for Brexit.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, December 14, 2020 THE WEEK ON WALL STREETStocks retreated last week on rising COVID-19 infections and slow progress on an economic relief bill.The Dow Jones Industrial Average dipped 0.57%, while the Standard &
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McKee's Weekly Newsletter 12-7-2020

How COVID-19 Has Changed Consumer Behavior and the Future of Retail U.S. retail sales suffered in the spring of 2020 due to safety concerns, government-mandated lockdowns, and economic uncertainty wrought by the coronavirus pandemic. Sales — including purchases at stores, restaurants, and online — plunged from $483.95 billion in March to $412.77 billion in April, a record 16.4% drop.1  Fortunately, retail sales rebounded sharply after the economy began to reopen in May
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McKee's Weekly Economic Update 12-7-2020

In this week’s recap: Promising signs of a fiscal stimulus package inspire an upward week for stocks; retailers’ extended “Black Friday” sales produce mixed results.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, December 7, 2020 THE WEEK ON WALL STREETStocks marched higher last week on an improving outlook for the passage of a fiscal stimulus package.The Dow Jones Industrial Average rose 1.03%, while the Standard &
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Retirement in sight December 2020

 Monthly News and Information for Current and Future Retirees Presented by C. Brian McKee, RFC®, CKA®, - December 2020 QUOTE OF THE MONTH“If you don't like the road you're walking, start paving another one.”DOLLY PARTON THIS YEAR, THERE IS MORE INCENTIVE TO GIVEWhen the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law in March, it broadened charitable tax deduction opportunities. These special 2020 tax provisions are worth revi
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McKee's Monthly Economic Update for December

In this month’s recap: Stock prices powered higher and energized investors thanks to a month-long succession of positive news events.McKee’s Monthly Economic UpdatePresented by C. Brian McKee, RFC®, CKA®, December 2020 U.S. MarketsStock prices powered higher and emboldened investors in November thanks to a series of positive news events.The Dow Jones Industrial Average, which has lagged much of the year, led the rally, jumping 11.84 percent. The Standard & Poor&rsquo
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McKee's Weekly Newsletter 11-30-2020

13 Ways to Reduce Holiday Stress Whether you’re a die-hard Christmas fan or someone who just wants to get it over with, the holidays are full of stress-inducing moments. We tend to forget that the holidays are on the same day every year, and we allow ourselves to get crushed both emotionally and financially. Instead of being a season of rest and celebration, the holidays are often stressful—and even painful. Even when we plan ahead, holiday stress can sneak up on us without a mo
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McKee's Weekly Economic Update 11-30-2020

In this week’s recap: Dow Jones Industrial Average hits 30,000 milestone in response to promising vaccine news and lessening political uncertainty; former Fed chair Janet Yellen nominated as Secretary of the Treasury.Weekly Economic UpdatePresented by C. Brian McKee, RFC®, CKA®, November 30, 2020 THE WEEK ON WALL STREETStocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic data, and the easing of political uncertainty.The Dow Jones Indu
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McKee's Weekly Newsletter 11-23-2020

Open enrollment is your annual opportunity to review your employer-provided benefit options and make elections for the upcoming plan year. You can get the most out of what your employer offers and possibly save some money by taking the time to read through your open enrollment information before making any benefit decisions. Every employer has its own open enrollment period (typically in the fall), and the information is usually available online through your employer.  What are your he
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McKee's Weekly Economic Update 11-23-2020

In this week’s recap: New COVID-19 infections drive market anxieties, despite anticipated vaccines; Fed Chair Powell warns that continued infections may limit economic activity for months.Weekly Economic UpdatePresented by C. Brian McKee, RFC®, CKA®, November 23, 2020 THE WEEK ON WALL STREETDespite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new infections and economic lockdowns.The Dow Jones Industrial Average fell 0
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McKee's Weekly Newsletter 11-16-2020

It’s funny how as a child becoming a teenager seems like a huge milestone, then driving, then college, and cheaper auto insurance, but some of us stop getting excited after the cheaper auto insurance milestone.  I’d like to point out some additional milestones that are potentially more exciting than the joys of shaving, gas money & tuition.  Unforgettable Birthdays   Birthdays may seem less important as you grow older. They may not offer the impact of watershed m
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McKee's Weekly Economic Update 11-16-2020

In this week’s recap: A COVID-19 vaccine spurs a stock market rally, even as more cases are reported and some areas renew lockdowns.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, November 16, 2020 THE WEEK ON WALL STREETNews of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, though enthusiasm was tempered by reports of rising new infections and fresh lockdowns.T
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McKee's Weekly Newsletter 11-9-2020

How to Teach Teenagers About Money When it comes to raising kids, most parents either look forward to the teen years . . . or dread them. But no matter which side of the spectrum you’re on, the end goal is still the same: help them become successful contributors to society. But what does that even mean? It means showing them the ropes when it comes to adulthood, things like getting up on time, taking a regular shower, and learning how to make a budget. Now’s the time to sta
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McKee's Weekly Economic Update 11-9-2020

In this week’s recap: Markets react positively to the election, seeing promise in a divided government; unemployment rate falls.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, November 9, 2020 THE WEEK ON WALL STREETStocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies.The Dow Jones Industrial Avera
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McKee's Weekly Newsletter 11-2-2020

November is Long-Term Care awareness month.  It takes proper planning to build sustainable wealth.  One of the tools that should never be overlooked is the need for Long-Term Care Insurance.  The Alzheimer’s Association estimates that end-of-life care costs in 2016 where between $217,820 and $341,651.  Common sense is going to tell us all that number is only going to increase and probably increase quickly.    Who Needs Long-Term Care Insurance?   Long-
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McKee's Weekly Economic Update 11-2-2020

In this week’s recap: With no fiscal stimulus anticipated and election around the corner, stocks slumped through a difficult week.McKee’s Weekly Economic UpdatePresented by C. Brian McKee, RFC®, CKA®, November 2, 2020 THE WEEK ON WALL STREETStock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad.The Dow Jones Industrial Average slid 6.47%, while the Standard & Poor’s 500 tumbl
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McKee’s Weekly Economic Update 10-26-2021

In this week’s recap: Stocks lagged after another week with no fiscal stimulus; the labor market seemed to improve despite a rise in COVID-19 cases.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, October 26, 2020 THE WEEK ON WALL STREETThe failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly lower for the week.The Dow Jones Industrial Average fell 0.95%, while the Standard &
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McKee's Weekly Newsletter 10-26-2020

I think we are all tired of hearing anything that has to do with the upcoming election.  I know I am over hearing about every aspect of it.  With that said, I’m going to apologize in advance for reminding you one last time this election cycle to GO VOTE and don’t undervalue the impact your local elections will have on your life.     Money and Marriage: 7 Tips for a Healthy Relationship 
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McKee's Weekly Economic Update October 19, 2020

In this week’s recap: A difficult week for stocks, reacting to delayed stimulus, little good news on COVID-19 treatment, and jobless claims.Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, October 19, 2020 THE WEEK ON WALL STREETStocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.The Dow Jones Industrial Average added
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McKee's Weekly Newsletter 10-19-2020

I think it is easy to romanticize how amazing building your own home is going to be.  There are a lot of pros and cons to building your dream home and I am sure there are some things on both ends of the argument missing below.  Hopefully, this article can be used as a starting point for things to think about when considering buy/build your next, or maybe even your first home.    I realize I brought this up last article and probably going to mention it in the next one as well
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McKee's Weekly Economic Update October 13, 2020

In this week’s recap: Stocks soar, despite mixed messages on fiscal stimulus.McKee’s Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, October 12, 2020 THE WEEK ON WALL STREETStocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500 increased 3.84%. The Nasdaq Composite index gained 4.56%
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McKee's Retirement In Sight newsletter for November 2020

 MOST AMERICANS THINK THEY WILL WORK IN RETIREMENT A life of leisure? That may not be what retirement looks like for baby boomers and Gen Xers—and in fact, it may not be what they want their retirements to look like. Market research firm Ipsos surveyed more than 1,000 U.S. adults earlier this year, and found that 54% of participants believed they would work at least a little during their retirements. Sixty percent of Gen Xers (those born during 1965-80) held this belief, along with 59% of boom
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McKee's Monthly Economic Update for November 2020

In this month’s recap: Inaction on a second American fiscal stimulus bill and a rise in global COVID-19 cases put pressure on stock prices in October.McKee’s Monthly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, November 2020 U.S. MarketsInaction on a second American fiscal stimulus bill and a rise in global COVID-19 cases put pressure on stock prices in October.The Dow Jones Industrial Average, which has lagged much of the year, dropped 4.61 percen
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McKee's Weekly Newsletter 10-12-2020

12 Reasons People Stay in Debt Debt—it’s as normal as waking up in the morning and brushing your teeth, but just because debt seems “normal,” that doesn’t mean you have to live with it forever. We have a little saying around here when it comes to debt: Debt is dumb. It really is. Debt robs your present and steals from your future. Debt keeps you stuck in a cycle that makes it impossible to build wealth. Debt shoves your goals far off into the distant futu
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McKee's Weekly Economic Update October 5, 2020

In this week’s recap: Stocks advance with hopes of a new stimulus, end the week up, despite no new deal and President Trump’s illness.McKee's Weekly Economic Update 
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McKee's Weekly Newsletter 10-5-2020

Election 2020: Political Uncertainty Creates Potential for Market SwingsThere are clear differences between President Donald Trump and Former Vice President Joe Biden — and the political parties they represent — when it comes to tax policies, spending priorities, and overall economic strategies. For this reason, a shift in the balance of power could have wide-ranging implications for future policies and the financial prospects of individuals and businesses. 
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McKee's Retirement In Sight newsletter for October, 2020

Monthly News and Information for Current and Future Retirees Presented by C. Brian McKee, RFC®, CKA®, OCTOBER 2020QUOTE OF THE MONTH“Somewhere there's a score being kept, so you have an obligation to live life as well as you can, and be as engaged as you can.”BILL MURRAYARE CAR OR TRUCK COSTS BLOCKING THE ROAD TO RETIREMENT?On a purely logical level, investing tens of thousands of dollars toward retirement may make more sense than adding an equivalent consumer debt here a
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McKee's Monthly Economic Update for October, 2020

In this month’s recap: Stocks dropped during the month as investors worried about stalled fiscal stimulus talks in Washington, the upcoming election, and new coronavirus cases in Europe.Monthly Economic Update 
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McKee's Weekly Economic Update 9-28-2020

In this week’s recap: Stocks have a mixed reaction to ongoing uncertainty; additional fiscal stimulus on hold.Weekly Economic Update
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McKee's Weekly Newsletter 9-28-2020 Could You Be Responsible for Your Parents’ N

Hopefully, some of you have an opportunity to try the Double-Apple Walnut Bread from last week’s newsletter.  This week we are going to learn about Somja’s Blueberry Scones.  Could You Be Responsible for Your Parents’ Nursing Home Bills?   In 26 states (and Puerto Rico), laws generally hold children financially responsible for certain debts of their parents. These laws are referred to as filial responsibility laws (or filial support or filial piety laws). The d
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McKee's Weekly Economic Update 9-21-2020

In this week’s recap: The tech sector slip continues for stocks; the Federal Reserve signals that interest rates will not be increased for some time.Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, September 21, 2020 THE WEEK ON WALL STREETStocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.The Dow Jones Industrial Average declined 0.03%, while the Standard &
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McKee's Weekly Newsletter 9-21-2020 What Is Life Insurance and How Does It Work?

September is Life Insurance Awareness Month.  We all understand the value of having auto insurance, home insurance, health insurance, but sometimes overlook the importance of having the correct amount of Life Insurance and even knowing the correct type of Life Insurance for your needs.  Today is the best day to look at what you currently have and confirm it meets your needs.        What Is Life Insurance and How Does It Work?   So you’ve got
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McKee's Weekly Economic Update 9-14-2020

In this week’s recap: Stocks continued a downward slide in response to continued uncertainty; fiscal stimulus still delayed.Weekly Economic Update Presented by C. Brian McKee, RFC®, CKA®, September 14, 2020 THE WEEK ON WALL STREETStocks traveled a volatile path last week as investors appeared concerned about the upcoming elections, an uncertain economy, and more delays with additional fiscal stimulus.The Dow Jones Industrial Average slid 1.66%, while the Standard & Po
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McKee's Weekly Newsletter 9-14-2020

Building a successful business is an accomplishment.  What happens if today is your last day of running it?  Does it continue to function without you at the top?  Having a succession plan is one of the most important things you can do as a business owner.  I don’t care if you’re young, healthy, and plan on working for decades longer.  Things sometimes happen outside of our control that prevents you from ever coming into work.  At McKee we have a very ext
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McKee's Weekly Economic Update 9-7-2020

In this week’s recap: Stocks stall late in the week, thanks to tech markets slide. The jobs recovery makes continued progress.Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, September 7, 2020 THE WEEK ON WALL STREETA late week sell-off sent stocks broadly lower as investors took some profits after stocks reached all-time highs earlier in the week.The Dow Jones Industrial Average slid 1.82%, while the Standard & Poor’s 500 slumped 2.31%. The
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9-7-2020 Newsletter: Retirement Is a Beginning

We decided to add a new section to our newsletter, one that highlights notable dates coming up.  Who knows, it might inspire someone to allow the kids to take over the kitchen on September 13th, one to speak like a pirate on September 19th, or be a little more mindful of ones punctuation on the 24th of this month.  The month of September was originally the seventh month of the Roman calendar.  It came from the Latin word septem, meaning “seven”.  Source: https:/
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McKee's Retirement In Site Newsletter for September 2020

Monthly News and Information for Current and Future Retirees Presented by  C. Brian McKee, RFC®, CKA®  - September 2020 QUOTE OF THE MONTH“Elegance is not about being noticed. It's about being remembered.”GIORGIO ARMANI COULD YOU RETIRE AT 55?Suppose you suddenly had to, or the opportunity presented itself. This prospect would not call for disregarding your carefully considered retirement strategy, but it would create some challenges.Social Security, M
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McKee's Monthly Economic Update for September, 2020

In this month’s recap: Stocks prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a month-long succession of upbeat economic data.Monthly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, September 2020 U.S. MarketsStock prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a month-long succession of upbeat economic data.The Dow Jones Industrial Average r
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McKee's Retirement In Site Newsletter for August 2020

 FIGURING OUT WHEN TO START YOUR SECOND ACT Many Gen Xers and baby boomers look forward to retiring on their terms. In such a circumstance, the key question becomes when to walk away from work. According to the Center for Retirement Research at Boston College, the average retirement age is now 65 for men and 63 for women. You may retire before or after that age, depending on a few critical factors, which can vary per individual. First, what do you see yourself doing in retirement? If you have
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McKee's Weekly Economic Update 8-31-2020

In this week’s recap: Stocks power higher, while the Dow makes a few changes.Weekly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, August 31, 2020 THE WEEK ON WALL STREETStocks advanced relentlessly last week on positive COVID-19 developments, encouraging economic data, and a supportive policy shift in the Fed’s approach to its target inflation rate.The Dow Jones Industrial Average increased by 2.59%, while the Standard & Poor’s 500 jumped
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McKee's Weekly Newsletter 8-31-2020

Are We Really Headed for a Cashless Society?   Everywhere you turn right now, it seems like someone wants to chat you up about our world turning into a cashless society. Your neighbor’s talking about it, the frenzied news media is talking about it, your social media feed is talking about it . . . and there’s even a viral article on the internet about a cashless society that’s claiming Dave Ramsey wrote it (spoiler alert: he didn’t). So, why all the hype about a
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McKee's Weekly Economic Update for August 24, 2020

In this week’s recap: Stocks reached new highs, erasing steep losses from February and March.Weekly Economic Update 
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McKee's Weekly Newsletter 8-24-2020

In casual conversations it’s not uncommon to hear people talk about how much better things used to be.  Although there is some truth in that outlook, I can’t help but think how blessed we are today.  This week I thought it would be great to look at the progress that was made over the last 60 – 100 years. The past is not always as rosy as we remember… I might not be happy with everything in society currently, but I’m very THANKFUL to be making th
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McKee's Weekly Economic Update for August 17, 2020

In this week’s recap: stocks rise, and consumer prices jump; COVID-19 cases slow; Congressional talks stall.Weekly Economic Update
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McKee's Weekly Newsletter 8-17-2020 Debit or Credit? Pick a Card

Credit is a six letter word that is cringe worthy in a lot of circles.  Regardless of being for or against it, I think we could probably all learn a little more about the “perks” of using credit vs debit in certain circumstances.     Debit or Credit? Pick a Card Americans use debit cards more often than credit cards, but they tend to use credit cards for higher-dollar transactions. The average value of a debit-card transaction in 2018 was just $36, while credit-c
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McKee's Monthly Economic Update for August, 2020

In this month’s recap: stocks rose as better-than-expected corporate earnings and progress on a COVID-19 vaccine encouraged investors.Monthly Economic Update  
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McKee's Weekly Economic Update for August 10, 2020

In this week’s recap: Stocks rise as earnings season winds to an end; no results in fiscal stimulus talks.Weekly Economic Update 
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McKee's Weekly Newsletter: 8-10-2020 College Disrupted: Students Face High Costs

“I learned law so well, the day I graduated I sued the college, won the case, and got my tuition back.” -Fred AllenI think we can all find humor in comedian Fred Allen’s college experience, even if it is just a great one liner.   
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Weekly Economic Update For August 3, 2020

In this week’s recap: stocks have a mixed reaction to earnings, economic data, and a potential stimulus. 
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8-3-2020 Newsletter: Crisis Relief: Financial Lifelines for Affected Workers

“It ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. That’s how winning is done!” – ROCKYRocky’s advice is as relevant today as it was when he initially shared it with us.  As a country we have taken a few unexpected hits this year, but we have continued moving forward.  
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McKee's Weekly Economic Update for July 27, 2020

In this week’s recap: stocks slip after heavier jobless claims and U.S.-China strife.Weekly Economic Update    C. Brian McKee, RFC®, CKA®, July 27, 2020   THE WEEK ON WALL STREET  
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7-27-2020 Newsletter: Stay-at-Home Spouse? Consider a Spousal IRA

Stay-at-Home Spouse? Consider a Spousal IRA   An ongoing study of IRA accounts has consistently found that women, on average, have lower retirement savings balances than men (see chart). Though there may be multiple reasons for this disparity, the most fundamental are the wage gap between men and women and the fact that women are more likely than men to take time off to care for children and other family members.1 The wage gap is narrowing for younger women, and more men are stay-at-home d
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McKee's Weekly Economic Update for July 20, 2020

In this week’s recap: stocks see a mixed week, as COVID-19 cases rise, and news of vaccine emerges.Weekly Economic Update  C. Brian McKee, RFC®, CKA®,, July 20, 2020 THE WEEK ON WALL STREETStocks were mixed last week as investors reacted to positive economic data, progress on a COVID-19 vaccine, and the continued nationwide increase of COVID-19 cases.The Dow Jones Industrial Average gained 2.29%, while the Standard & Poor’s 500 rose by 1.25%. But the Nasdaq
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7-20-2020 Newsletter: SECURE Act Changes That Matter to Small Employers

SECURE Act Changes That Matter to Small Employers Many people who work for small businesses don’t have access to retirement benefits. The SECURE Act includes provisions that could make it easier and more affordable for business owners to provide retirement plans and help their employees save money for retirement. Here are some of the specific rule changes that could affect small businesses starting in 2020.   Retirement Plan Tweaks   To help workers track their progress toward r
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McKee's Monthly Economic Update for July, 2020

In this month’s recap: stocks notched a solid gain, overcoming the rise of reported COVID-19 cases and plans of a slowdown in economic re-openings. Monthly Economic UpdatePresented by C. Brian McKee, RFC®, CKA®, July 2020 U.S. MarketsStock prices climbed higher in June, as investors looked beyond an increase in COVID-19 cases as well as reports that several states planned to slow the pace of their economic re-opening.The Dow Jones Industrial Average gained 1.69%, while th
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McKee's monthly Retirement In Sight newsletter for July 2020

  HAS THE PANDEMIC AFFECTED THE RETIREMENT MINDSET? Each year, the Transamerica Center for Retirement Studies surveys baby boomers, Gen Xers, and millennials to gauge their perceptions about retiring. The 2020 survey, conducted in April, studied the impact of the COVID-19 pandemic and how it may have affected their outlooks. Overall, 53% of respondents said that their confidence about retiring remained the same during this spring’s economic turbulence. Twenty-three percent indicated they were le
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Mid-Year Is a Good Time to Fine-Tune Your Finances

Mid-Year Is a Good Time to Fine-Tune Your Finances The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward. Mid-year is an ideal time to do so, because the planning opportunities are potentially greater than if you waited until the end of the year.Renew Your ResolutionsAt the beginning of the year, you may have vowed to change your financial situation, perhaps by saving more, spendi
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7-6-2020 Newsletter: THE QUARTER IN BRIEF

In this Q2 recap: the economy measures the impact of the coronavirus threat; the stock market rises with help from a dovish Federal Reserve and a rebound in some economic indicators; oil prices and mortgage rates touch historic lows. Quarterly Economic Update A review of Q2 2020, Presented by Presented by C. Brian McKee, RFC®, CKA® THE QUARTER IN BRIEF As a new quarter begins, we look back on an eventful second quarter for households and investors – a quarter in whic
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Quarterly Economic Update for Q2, 2020

In this Q2 recap: the economy measures the impact of the coronavirus threat; the stock market rises with help from a dovish Federal Reserve and a rebound in some economic indicators; oil prices and mortgage rates touch historic lows. Quarterly Economic Update A review of Q2 2020, Presented by C. Brian McKee, RFC®, CKA® THE QUARTER IN BRIEFAs a new quarter begins, we look back on an eventful second quarter for households and investors – a quarter in which the economy took
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6-29-2020 Newsletter: Buying a Timeshare? Try These Alternatives

I’d venture to say at least a few of you are ready to sneak away for some rest and relaxation.  Please take a few minutes and read about some of the options worth considering this summer.     Buying a Timeshare? Try These Alternatives So you’re thinking about buying a timeshare.Hey, we get it! It’s your dream vacation spot, and you can enjoy all the benefits of a vacation home, without the hassle of owning one. It’ll be great!Yeah, right.That&rsqu
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Monthly Economic Update for June, 2020

In this month’s recap: stocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine.Monthly Economic Update  Presented by C. Brian McKee, RFC®, CKA®, June 2020 U.S. MarketsStocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine.The Dow Jones Industrial Average rose 4.2%, while the Standard & Poor’s 50
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6-22-2020 Newsletter: Can I Buy or Sell a House in 2020?

It’s hard to believe that June is coming to an end as July rapidly approaches.  This week we changed things up slightly.  We actually found a way to add more value to a newsletter we were already pretty proud of.  Today’s addition is actually a podcast: Mind Yo’ BU$INESS…  Can I Buy or Sell a House in 2020? So you want to buy or sell a house, but, well . . . coronavirus. This pandemic has probably kept you from doing a lot of things you want to d
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6-15-2020 Newsletter: Before You Claim Social Security

I feel like we are at the shock and awe phase of 2020 Can I Buy or Sell a House in 2020? So you want to buy or sell a house, but, well . . . coronavirus. This pandemic has probably kept you from doing a lot of things you want to do: You can’t go to the movies, you can’t go to the gym, you can’t watch any sports (besides marble racing)—you can’t even hug your mom!If you’ve already got all your ducks in a row and don’t want to put your housing goals o
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6-8-2020 Newsletter: Why You Need Some Fun Money in Your Budget

Do not undervalue the NEED for some fun money in your budget. Make sure you don’t skip over the history section of the newsletter this week.  We always find fun things to share, but this week might just surprise you.   Why You Need Some Fun Money in Your Budget   You work hard for your money. You’ve got money goals—and you’re knocking them out one monthly budget at a time. On top of it all, when your friends ask you to join them for dinner and c
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6-1-2020 Newsletter: OutThere Colorado celebrates 10 years as online adventure r

These past few months our articles have pretty much focused on things relevant to a life after covid.  We thought it would be fun to mix it up a bit as we start returning to society in our own little way and highlight the great outdoors.  There is a chance that some of you might know the person in this particular article.  Spencer McKee has found a way to excel at social distancing, sometimes it just requires being 14,000 above sea level on the face of a cliff.   OutTher
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5-25-2020 Newsletter: 20 Summer Savings Tips

I’m always looking for ways to save and spend less.  Hopefully, the article below will help us all save a little this summer.  20 Summer Savings Tips   It’s safe to say summer 2020 is going to be different than any other. “Make sure you stay at least 6 feet away from your friends in the pool, Timmy!” That is, if swimming pools are even open—who knows? One thing we do know is that COVID-19 has changed what your typical summer would usually
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5-18-2020 Newsletter: 12 summer reads to help you win with money

Thought we would switch this week’s newsletter up a bit.  Here are twelve great reads on helping you win with money.  12 Summer Reads to Help You Win With Money For most people, summer is best spent going on that long-awaited family vacation, soaking up every ounce of sunshine possible, and checking off all those fun activities from your summer bucket list. With some of the country still sheltering in place, that bucket list may not look like what you thought it wo
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5-11-2020 Newsletter: Does buying in bulk really save you money?

I would venture to say that buying in bulk has increased over the past few months.  Some things are better values than others when buying in bulk and the article below will hopefully help us all make the better choices.   Does Buying in Bulk Really Save You Money?   Does buying in bulk really save you money? There’s only one way to find out: Swing by your neighborhood warehouse store, eat the samples, and load up that shopping cart! Okay, we’re kidding. (But we a
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5-4-2020 Newsletter: Dealing With the Disappointment of Canceled Plans and Misse

I think we all had expectations for how 2020 would go.  I’m not sure even Eeyore could have predicted 2020 starting off as it did.  I’d venture to say that most of you reading this have had moments of are you kidding me over these past few months.  Please take a moment and read over at least the first article on dealing with the disappointment of canceled plans and missed milestone.   Dealing With the Disappointment of Canceled Plans and Missed Milestones &n
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Monthly Economic Update for May, 2020

In this month's recap: Stocks rebounded sharply, fueled by a flattening of the COVID-19 curve and positive results from clinical trial investigating a treatment for the virus. Monthly Economic Update Presented by C. Brian McKee, RFC®, CKA®, May 2020 U.S. MarketsStocks rebounded sharply in April, fueled by a flattening pandemic curve and positive results from a clinical trial investigating a treatment for COVID-19.The Dow Jones Industrial Average, which dropped 14% in M
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4-27-2020 Newsletter: 25 Free Online Courses You Can Start Today

The amount of ways to expand your mind are ever increasing, especially now. Please take some time and look at how amazing some of these opportunities are.   25 Free Online Courses You Can Start Today   So, you’re stuck at home. We know #socialdistancing may mean you’ve got more time on your hands. But instead of binging the latest reality show or staring out the window, what if you used this time to grow your mind and work on your goals? Here are 25 online courses you
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4-20-2020 Newsletter: 6 Coronavirus Scams to Avoid

I took a slightly different approach to this weeks newsletter.  I found two articles that would just seem wrong not to share together. The first is 7 ways to protect yourself from a coronavirus relief scam & 6 signs of a coronavirus relief scam.I’ve also highlighted Flipbooks on the McKee website.  Our Flipbooks are an amazing resource that cover a variety of financial topics and illustrate key financial concepts.    6 Coronavirus Scams to Avoid   If ther
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4-13-2020 Newsletter: Can I Deduct Medical Expenses?

Good afternoon! You should always consult your tax advisor when making decisions on what is acceptable to deduct on your taxes.  The following article will hopefully help you have a better understanding of what could possibly be deductible.  Things like your supply of Flintstone vitamins might not be deductible, but your trip to the dentist might be deductible. Can I Deduct Medical Expenses?  Let’s look at an example to clear this up. Let’s say that afte
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4-6-2020 Newsletter: 25 Free Things to Do With Kids During the Coronavirus Quara

Good afternoon! Social Distancing is something our society is working to excel at currently.  There are a lot of things that we’re not currently able to do, but thankfully we can still exercise our mind.  Yes, the list below starts out for those under five, but quickly advances to things adults will enjoy as well.      25 Free Things to Do With Kids During the Coronavirus Quarantine School is canceled, which means you’re now not only&
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3-30-2020 Newsletter: Key Provisions of the CARES Act

Good afternoon! The CARES Act is something that will have an impact on all of us.  This article will hopefully help us understand some of the opportunities we are now given.       Key Provisions of the CARES Act Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs.Provided by C. Brian McKee, RFC®, CKA® Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was s
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3-23-2020 Newsletter: Should I Refinance My Mortgage?

Good afternoon! According to Dave Ramsey, now might be a great opportunity to refinance your home.  He has some strong warnings and great suggestions if you’re considering it.  Should I Refinance My Mortgage? "Lock in a lower rate!""Refinance now and save!" Everywhere you turn right now, there’s a new wave of hype about mortgage refinancing. That’s all thanks to the Federal Reserve dropping interest rates by half a percentage po
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3-16-2020 Newsletter: What is a Power of Attorney?

Good afternoon! Having a qualified power of attorney can easily be overlooked, but it should not be.  Please take a few moments and look over the article below that Dave Ramsey shared with us.                       What is a Power of Attorney? Ally McBeal. Atticus Finch. My Cousin Vinnie. These were some of the most powerful attorneys ever to enter a court of law . . . wel
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3-9-2020 Newsletter: What Do Wealthy People Really Drive

Good afternoon! Society tells us that if were not driving a new fancy car, we must be poor.  There is nothing wrong with driving a new car, but Dave helps us understand the flaws in thinking rich folks are the ones keeping the new luxury car market alive.  What Do Wealthy People Really Drive What brand of car do you think wealthy people most often drive? Mercedes? BMW? Lexus?If you answered any of those models, you’re only partially right. That’s because, acc
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3-2-2020 Newsletter: What is the Gift Tax in 2020?

Good afternoon! This is a great Dave Ramsey article helping us all understand the gift tax for 2020.  What is the Gift Tax in 2020?It seems Uncle Sam can manage to take a cut of everything these days, but does the government really tax gifts? Yup (cue the eye roll). But don’t worry—there’s no need to put your generosity on hold.Let’s take a closer look at what you need to know when it comes to gifts and taxes so you’re ready to roll when you’re
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2-24-2020 Newsletter: Should You Care What the Financial Markets Do Each Day?

Good afternoon! There are a lot of emotions surrounding the market this week & rightfully so.  A great question to at least consider is if you should care what the financial markets are doing each day.  Hopefully, the article below will help answer that question or at least give you a different perspective.  Should You Care What the Financial Markets Do Each Day?Focusing on Your Strategy During Turbulent Times.Provided by  C. Brian McKee, RFC®, CKA® 
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2-17-2020 Newsletter: Retirement Is a Beginning

Good afternoon! Retirement is a new beginning, but is it right for you?  We've been trained that retirement is the goal, but there are many reasons you might choose to stay in the workforce a little longer than initially expected.  Take a moment and answer the four following questions, the answers might surprise you.  Retirement Is a BeginningSee if you are prepared to begin your retirement by answering four key questions. Provided by  C. Brian McKee, RFC&r
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