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In this episode of the Planned Solutions Incorporated Podcast, The interest rates paid on savings vehicles, such as bank accounts, as well as lower-risk investments, such as government bonds, are at historically low levels. This has caused some investors to rethink the value of holding bonds in a diversified investment portfolio. However, bonds may offer an attractive opportunity during times of high market volatility as it gives investors the ability to rebalance their portfolio when stock prices rise or fall substantially. Also, Stimulus talks continue between the White House and the House of Representatives. Both sides have compromised on some issues, but no deal has been made. Meanwhile, the Senate is on a different page in terms of the amount of the next stimulus bill and the areas that will be funded. This makes it unlikely that a second stimulus bill will be passed before the election and may be delayed until the next Presidential term. And, Retirement account owners often face a dilemma when naming their beneficiaries. Do they leave the money directly to individuals or name their trust which will then administer the money for the benefit for the beneficiaries? This decision can be more complex than many people think as the choice can determine the level of control that can be exerted over the assets as well as the potential taxation of those accounts. Therefore, it is important to understand the pros and cons of a beneficiary strategy. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- This is a particularly challenging time for young people who are leaving school and looking to find their way in the work force. The transition to full-time employment is always challenging. Add in the current recession, uncertainty about the future, and the changes taking place in the business world; such as remote working, social distancing, and limited internship or networking opportunities; and the challenge becomes that much more difficult. At Planned Solutions we are sympathetic to the challenges that many young people are facing. For this reason, we have made an effort to offer some guidance and mentorship to those who are attempting to figure out how to move forward with their career goals while navigating the current economic conditions. This has included group presentations and one-on-one socially distanced discussions. If you know of any groups or individuals who may be seeking help planning their long-term career plans, please feel free to pass on our contact information. Chase Armer's book- Financial Planning Insights is now available at: https://store.bookbaby.com/book/financial-planning-insights https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1 To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #inflation #deflation #bonds