Financial Focus Time for New Year's Financial Resolutions Many of us probably felt that 2020 lasted a very terrible consequences, both to individuals' health about twice as high as the rate of the past few long time. But now that 2021 is upon us, we can and to their economic well-being. None of us can years. Of course, much of this surge in Americans foretell the future, either, but we can be prepared, proclivity to save money was due to our lack make some New Year's resolutions. Of course, you and one way to do so is by building an emergency of options for spending it, as the coronavirus caused either complete or partial shutdowns in physical retail establishments, as well as dining and entertainment venues. But if you did manage to boost your own personal savings when your spending was constrained, is it possible to remain a good saver when restrictions are lifted? Probably. And the greater your savings, the greater your financial freedoms - including the freedom to invest and freedom from excessive debt. When make a fresh start and one way to do that is to can make these resolutions for all parts of your life - physical, emotional, intellectual but have you ever considered some financial resolutions? fund. Ideally, such a fund should be kept in liquid, low-risk vehicles and contain at least six months' worth of living expenses. Focus on moves you can control. In response to pandemic-related economic pressures, some employers cut their matching contributions to 40i(k) plans in 2020. Will some future event convinced that we were in Tor a prolonged slump, cause another such reduction? No one knows - Here are a few such resolutions to consider: Don't overreact to events. When the coronavirus pandemic hit in mid-February, the financial markets took a big hit. Many people, decided to take a "time out" and headed to the investment sidelines. But it didn't take long for the markets to rally, rewarding those patient investors who stayed the course. Nothing is a certainty in the investment world, but the events of 2020 followed a familiar historical pattern: and even if it happens, there's probably nothing you can do about it. Instead of worrying about things you can't control, focus on those you can. When it comes to your 401(k) or símilar employer-sponsored retirement plan, put in as much as you can afford this year, and if your major crisis followed by market drop followed by salary goes up, increase your contribution. we reach a postpandemic world, see if you can continue saving more than you did in previous years and use your savings wisely. These aren't the only financial resolutions you can make but following them may help you develop strong recovery. The lesson for investors? Don't overreact to today's news - because tomorrow may look quite different. Recognize your ability to build savings. During habits that could benefit you in 2021 and beyond. the pandemic, the personal savings rate shot up, hitting a record of 33% in April, according Be prepared. At the beginning of 2020, nobody to the U.S. Bureau of Economy Analysis. It fell over the next several months, but still remained This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. was anticipating a worldwide pandemic and its Edward Jones. Memmber SIPC. Edward Jones Sean P. Asiala AAMS Edward Jones Edward Jones Michael C. Caley AAMS" Pam Covington CFP" AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert Edward Jones Karen Rupert Financial Advisor Financial Advisor Financial Advisor Financial Advisor 7030 Poinne inverness Way Sute 125 Fort Wayne, IN 46804 432-3613 Making Sense of Investing Financial Advisor Financial Advisor 14413 linois Rd Ste E Fort Wayne, IN 40814 Financial Advisor 7127 Homestead Rd. Suite C Fort Wayne, IN 46814 karenupert@edwardjones.com 263-4760 Making Sense of Investing Financial Advisor 901 Chestrut Hls Parkway Fort Wayne, IN 48814 7525 West Jetferson Bivd. Fort Wayne, IN 40804 6525 Constitution D. Fort Wayne. IN 40804 7329 West Jetferson Blvd Fort Wayne. IN 46804 414 S. Scom Rd. Fort Wayne, IN 46814 625-3524 Making Sense of Investing 432-0304 625-5700 Making Sense of Investing 478-8038 Making Sense of Investing 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing Making Sense of Investing Financial Focus Time for New Year's Financial Resolutions Many of us probably felt that 2020 lasted a very terrible consequences, both to individuals' health about twice as high as the rate of the past few long time. But now that 2021 is upon us, we can and to their economic well-being. None of us can years. Of course, much of this surge in Americans foretell the future, either, but we can be prepared, proclivity to save money was due to our lack make some New Year's resolutions. Of course, you and one way to do so is by building an emergency of options for spending it, as the coronavirus caused either complete or partial shutdowns in physical retail establishments, as well as dining and entertainment venues. But if you did manage to boost your own personal savings when your spending was constrained, is it possible to remain a good saver when restrictions are lifted? Probably. And the greater your savings, the greater your financial freedoms - including the freedom to invest and freedom from excessive debt. When make a fresh start and one way to do that is to can make these resolutions for all parts of your life - physical, emotional, intellectual but have you ever considered some financial resolutions? fund. Ideally, such a fund should be kept in liquid, low-risk vehicles and contain at least six months' worth of living expenses. Focus on moves you can control. In response to pandemic-related economic pressures, some employers cut their matching contributions to 40i(k) plans in 2020. Will some future event convinced that we were in Tor a prolonged slump, cause another such reduction? No one knows - Here are a few such resolutions to consider: Don't overreact to events. When the coronavirus pandemic hit in mid-February, the financial markets took a big hit. Many people, decided to take a "time out" and headed to the investment sidelines. But it didn't take long for the markets to rally, rewarding those patient investors who stayed the course. Nothing is a certainty in the investment world, but the events of 2020 followed a familiar historical pattern: and even if it happens, there's probably nothing you can do about it. Instead of worrying about things you can't control, focus on those you can. When it comes to your 401(k) or símilar employer-sponsored retirement plan, put in as much as you can afford this year, and if your major crisis followed by market drop followed by salary goes up, increase your contribution. we reach a postpandemic world, see if you can continue saving more than you did in previous years and use your savings wisely. These aren't the only financial resolutions you can make but following them may help you develop strong recovery. The lesson for investors? Don't overreact to today's news - because tomorrow may look quite different. Recognize your ability to build savings. During habits that could benefit you in 2021 and beyond. the pandemic, the personal savings rate shot up, hitting a record of 33% in April, according Be prepared. At the beginning of 2020, nobody to the U.S. Bureau of Economy Analysis. It fell over the next several months, but still remained This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. was anticipating a worldwide pandemic and its Edward Jones. Memmber SIPC. Edward Jones Sean P. Asiala AAMS Edward Jones Edward Jones Michael C. Caley AAMS" Pam Covington CFP" AAMS Edward Jones Tod Heisler AAMS Edward Jones Jason Korner CFP Edward Jones Quinn Nofziger Edward Jones Gwen Ruppert Edward Jones Karen Rupert Financial Advisor Financial Advisor Financial Advisor Financial Advisor 7030 Poinne inverness Way Sute 125 Fort Wayne, IN 46804 432-3613 Making Sense of Investing Financial Advisor Financial Advisor 14413 linois Rd Ste E Fort Wayne, IN 40814 Financial Advisor 7127 Homestead Rd. Suite C Fort Wayne, IN 46814 karenupert@edwardjones.com 263-4760 Making Sense of Investing Financial Advisor 901 Chestrut Hls Parkway Fort Wayne, IN 48814 7525 West Jetferson Bivd. Fort Wayne, IN 40804 6525 Constitution D. Fort Wayne. IN 40804 7329 West Jetferson Blvd Fort Wayne. IN 46804 414 S. Scom Rd. Fort Wayne, IN 46814 625-3524 Making Sense of Investing 432-0304 625-5700 Making Sense of Investing 478-8038 Making Sense of Investing 444-3134 Making Sense of Investing 399-5853 Making Sense of Investing Making Sense of Investing