SCHOOL’S OUT FOR SUMMER... BUT NOT FOR YOUR FINANCES!
Summer is the perfect time to unwind and enjoy the fruits of your labor, like taking a well-deserved vacation. But don’t let your long-term financial goals get lost in the shuffle. As we reach the halfway point of the year, summer presents an ideal opportunity to assess your progress and ensure you’re on track.
Review Your Budget
Is your budget still working for you? Have you found yourself too relaxed with spending or too uptight with savings? This can be a good opportunity to check your income and spending and identify any areas that could be improved.
Invest In Your Future
Are you contributing enough to your retirement plan? Take advantage of tax benefits of employer-sponsored plans and consider if you can increase your contributions each year to maximize your savings. Don’t ignore any debt you may be carrying and work on chipping away at it.
Enjoy The Moment!
Enjoy The Moment!You also need to celebrate your achievements and live life to the fullest. A well-structured budget and financial plan can give you peace of mind and the freedom to spend on life’s adventures, knowing you have a safety net in place.
Remember, a mid-year financial checkup is an opportunity to make adjustments and stay on track to help achieve your financial goals.
THE QUARTER IN BRIEF
U.S. Markets
Following a rocky start, stocks finished the second quarter higher as investors remained optimistic that the Fed will manage interest rates with inflation trending lower.
For the quarter, the Standard & Poor’s 500 Index rose 3.92 percent, and the Nasdaq Composite picked up 8.26 percent. By contrast, the Dow Jones Industrial Average fell 1.73 percent.1
1. WSJ, June 28, 2024
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S&P 500 Index is an index of 500 of the largest exchange-traded stocks in the US from a broad range of industries whose collective performance mirrors the overall stock market. The Dow Jones Industrial Average is a widely watched index of 30 American stocks thought to represent the pulse of the American economy and markets. Investors cannot invest directly in an index. The NASDAQ is an index that tracks the cumulative results on a market capitalization basis of all stocks trading in the NASDAQ system. Investors cannot invest directly in an index.Past performance is no guarantee of future results. 6/24