Coronavirus Update: We are well equipped to address your financial/investment/retirement planning with proper precautions in our office or remotely through telephone and video conferencing. Social distancing does not have to stop you from attending to your personal and business financial planning needs. Please call us at 305-931-3200 for further details.
Fourth quarter 2020 corporate earnings season likely will be the last in this earnings recession. Earnings may grow in the first quarter of 2021 and beyond.
Even amid the good news of the rollout of not one but two vaccines, with more likely on the way, we know that we will be living with the uncertainties and fall-out from the COVID-19 pandemic for a while to come.
As we start the pivot to what our new normal will look like, one of the most "normal' things we should do is to take care of our estate planning. Many Americans remain anxious about what would happen should they get sick and be unable to make informed decisions or manage their financial and legal affairs. Some may have no documents in place, or have outdated ones with incorrect beneficiary/guardian/power of attorney designations. Others may never have completed their planning due to indecisiveness around certain difficult decisions.
2020 was a unique year, from the longest economic expansion ever to the shortest recession on record. Stock markets are forward-looking, and they want clarity on elections, too. Above all else, 2020 showed our ability to persevere. Read more.
One thing on which we can all agree is that 2020 was a year like none other. Here at Frye Financial we did our best to accommodate and guide our clients through normal planning and challenging situations via remote sessions or masked, socially-distanced meetings at our office. We were deemed an essential service, and indeed, in providing advice to many small business owners, we are helping those who comprise the bedrock of the U.S. economy! Read more.
2020 was a tough road for most, but we’re looking ahead to a brighter 2021! Happy New Year to all!
A big end of year rally could have bulls smiling in 2021. “Turns out a 10% or more gain the final two months of the year has equaled a higher S&P 500 the following year every single time since World War II,” explained LPL Financial Chief Market Strategist Ryan Detrick.
The $900 billion stimulus package will bridge the economy until it can fully reopen in the spring. Meanwhile the Fed is holding the line on interest rates. Markets may be looking forward to a surge in economic activity later in 2021. Read more.
A qualified retirement plan remains one of the best tax advantaged savings opportunities available to small business owners and their employees. Now is the time to review what you actually contributed to your plan this year. If you haven't maxed out, there is still time to do so. Not only will you boost your retirement savings, but you'll reduce your taxes as well.
The Frye Financial elves were busy again this year to make this a memorable holiday, despite the chaotic year, for the boys and girls of the Camillus House.
2020 was a tumultuous year. We likely had the shortest recession ever and began a new economic expansion.
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