Fresno Financial Advisor
Fresno Financial Advisor News: Are the Stock Market and the Economy Out of Sync?
In normal times, the stock market is often a reflection of the economy. But these are not normal times. Even though April was marked by a global shutdown of businesses, rampant unemployment and low economic growth, the S&P 500 Index ended the month up 12.9%. This represented the highest one-month gain since 1987 and posted…
Read MoreLose Home If You Use Medi-Cal?
Will You Lose Home If You Use Medi-Cal? If you or a loved one uses Medi-Cal, will the state put a lien on your home? It’s true that all your benefits paid to a person 55 years old or older by Medi-Cal is like a loan and they have the right to ask it back…
Read MoreFresno Retirement Advisor News: Beware of Coronavirus Scams
After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency fielded more than 100 calls asking about the president’s suggestion. In less than 24 hours of…
Read MoreMust “Spend Down” – Use Up All Your Savings?
What if you or a loved one had to go into a nursing home and couldn’t be cared for at home any longer? Many have heard confusing things about Med-Cal. That you must spend down or use up all of your life savings investments even your properties before getting any benefits? For us in California…
Read MoreFresno Financial Consultant News: How to Deal With Financial Stress
A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried about not having enough emergency savings 23% were worried…
Read MoreFresno Financial Advisor News: Ways the Pandemic May Change the Future of Employment
About 8.5% of U.S. households are headed by a self-employed person. While self-employed households tend to earn higher income than salaried households, research shows they also tend to take the biggest hit during an economic downturn.1 The emergence of independent contractors and the gig economy helped make self-employment a more viable option for Americans after…
Read MoreFresno Retirement Advisor News: Contingency Plans Helpful to Weather the Unexpected
Financial advisors often tell clients to keep an emergency fund of liquid assets, with enough to cover three to six months of living expenses. It makes you wonder why America’s largest companies don’t maintain a similar practice, with three to six months of emergency savings to help keep workers on payroll during difficult times. Unfortunately,…
Read MoreFresno Financial Consultant News: Insuring Income In Coronavirus Outbreak
As the COVID-19 strain of the coronavirus flows through our nation’s population, many Americans may find themselves working shorter shifts, working from home, on paid or unpaid medical leave, furloughed or even laid off. While additional remedies from federal, state and local governments may be forthcoming to help households sustain financial stability, there are programs…
Read MoreFresno Financial Advisor News: Breaking Down the Recent Jargon of the Market
The Dow Jones Industrial Average (DJIA), the S&P 500 and the Nasdaq experienced quite a roller coaster ride in March. There are mixed opinions as to whether it was due to the global economic impact of the seemingly unstoppable new COVID-19 coronavirus or due to the federal government’s delayed response and tactical efforts to constrain…
Read MoreFresno Financial Advisor-Helping to Take Care of You … No Matter What-Soutas Financial
Dale Soutas, Fresno Financial Advisor & Retirement Planning Subscribe today for life-changing financial advice anytime, anywhere. COVID-19 ALERT Helping to Take Care of You … No Matter What Schedule a Phone Meeting Today You don’t have to go it alone In this season of uncertainty, we’re here for you, ready to answer your questions, offer…
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