John T Askin

07/28/2023

American workers being less productive means bad new for the Fed
Disclaimer: This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any funds or stocks in particular, nor should it be construed as a recommendation to purchase or sell a security. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested.

Federal Reserve officials are widely expected to announce on Wednesday a pause in their regimen of rate hikes.

07/21/2023

Grocery prices on the rise again

US grocery prices ticked up in May after dipping in March and April. Inflation in America continued to fall significantly, but rising prices at the supermarket is unwelcome news to those struggling to pay for food.

07/14/2023

Women and Money: three Ways to Plan for the Future as Life Happens

Childcare, divorce and aging parents can all take a toll on a woman’s financial security, but planning ahead, becoming financially literate and staying proactive can help.

07/07/2023

Disclaimer: This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any funds or stocks in particular, nor should it be construed as a recommendation to purchase or sell a security. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested.

By now, you’ve heard a lot about the fight in Washington over the debt ceiling, and the potential consequences for the economy should Congress and the

06/26/2023

Should you work with an attorney to write your will, or can you do it yourself? That depends on a number of things, including where you live.

06/14/2023

Great day today with our brother Matt Newman of PacLife! Thanks for the hospitality, wealth of knowledge and bringing Ron Darling to meet us all. A very cool experience, even for a Yankees fan!

06/12/2023

We are always fed the term asset allocation, which simply means not putting all of your eggs in one basket when it comes to your investments.

But how often do you examine your asset LOCATION?

Are you putting your money in different taxable buckets?

For instance, capital gains tax is one area, ordinary income tax is another and even the 0% tax bracket are the three main components of where you can have your money.

Reach out to me today to have a conversation about where your assets are located, rather than allocated.

It may open your mind up to new ideas regarding your money.

Financial Professionals do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Neither asset allocation nor diversification guarantee against loss. They are methods used to manage risk.

06/09/2023

I am a firm believer that young professionals need to learn the importance of time in the market, not timing the market.

Sure, day trading and stock picking can be lucrative. But it can also be detrimental to your retirement.

I am not interested in a get rich quick scenario.

Personally, I would rather my retirement be funded by strong companies being able to consistently produce returns to investors over the next 40 years.

I am less interested on if I think the market is going to go up or down on a daily basis and know in the long run, my clients and I will be better off.

What are your thoughts on this?

06/05/2023

Question for my small business owners…

When was the last time you shopped your retirement plan to make sure you are cutting down on high admin fees and fund expenses?

With the passing of the SECURE 2.0 act business owners now have a fiduciary duty to shop their 401k plans to make them the most cost efficient for their employees.

My team and I can give you a no obligation second look to see if you have the most cost-effective plan in place. Shoot me a DM today to set up an appointment.

06/01/2023

I want to share two of my favorite books that inspired me to launch a career as a financial advisor.

1. The psychology of money by Morgan Housel. This book discusses how humans make emotional decisions when it comes to their relationship with money. This really changed my viewpoint on how to best work with my clients as humans rather than as spreadsheets who will make rational decisions.

2. Think and grow rich by Napoleon Hill- Hill a literary genius in this one. He discusses how we have the ability to become that which we put our minds to and take action on. Many of the lessons in this book can be applied to all areas of life.

What are some of your favorite books?

05/31/2023

Small business owners have options when it comes to saving/investing for retirement. Here are the main options.

1. Traditional 401(k) plan – employees contribute pretax dollars from their earned income, which the employer can match up to an annual maximum. Maximum contributions per employee are $22,500 for 2023.

2. SIMPLE IRA – businesses with less than 100 employees can qualify. This can be a more cost-effective choice and typically includes lesser admin fees. However, employee contributions can be capped at lower amounts than 401(k)

3. Individual or solo 401(k)- this is intended for sole proprietors and other small businesses who have no other employees other than a spouse. Employer may contribute up to 25% of compensation, up to a maximum of $66,000. Employees may contribute up to $22,500.

4. SEP (Simplified Employee Pension) IRA – can be used for small businesses with only a few employees. A good rule of thumb is under 20 employees. This option offers a wider range of investment options where earnings are tax deferred, and contributions are tax-deductible. Employers may contribute the lesser of 25% of compensation, or up to $66,000 for 2023.

Financial Professionals do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.