We can’t control the impact Covid-19 has had on our savings, so maybe it’s time to come up with a plan and move forward. Yahoo finance shows us that the stock market is down 20% to 30% from the beginning of the year. The bond market is flat or down and not offsetting the stock market losses. The yield on the 10-year Treasuries has been below 1% for weeks. If we apply all of this to a typical IRA or other retirement account, most likely the losses are more than 15%. This means that whatever percentage you were planning on withdrawing in your retirement either has to decrease, or what you end up with is less. Either way we need to talk. It’s time to come up with a plan on plugging that hole. Call us, we have some ideas.
We’re open for business despite this virus because no one should have financial concerns on top of health concerns. You can’t quarantine your retirement. We are here to help.
“You Earn It. We Protect It.” We believe in Keeping Your Principal Protected*, Simplifying Your Strategy, and A Reasonable Rate of Return**
Messina’s Wealth Management, LLC MS Lic #1503388
Messina’s Wealth Management, LLC
LA Lic #717402
LA Ins Lic# 222159
MS Lic #7176300
178 Main St., Ste. 103
Biloxi, MS 39530
3224 N Turnbull Dr., Ste. 100
Metairie, LA 70002
830 3rd St.
Gretna, LA 70053
5658 W. Main St.
Houma, LA 70360
3769 Pontchartrain Dr., Suite 9-1
Slidell, LA 70458
4322 Park Ten Dr.
Diamondhead, MS 39525
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