Latest News from The Musuneggi Financial Group

Interview with Jon Boris

Watch this edition of Conversations with Christopher features Jonathan Boris, President of IT Pittsburgh. Jon and Christopher discuss IT issues facing small businesses and the current need for secure, effective technology. Watch more videos on the Resources page

 

This video is also available on YouTube.

Social Security Myths Explained

Provided by Dunham Investments

There is plenty of confusion and misinformation when it comes to Social Security. This white paper, provided by Dunham Investments, sets the record straight on the most common myths and misconceptions about Social Security.

Click the image to download the Social Security Myths PDF

Interview with Jennifer Bibb Hisdorf

Watch this edition of Conversations with Christopher features Jennifer Bibb Hisdorf of WesBanco. Jennifer is an Assistant Vice President, Banking Center Manager at WesBanco providing a full range of banking services to help her customers reach their financial goals. She especially enjoys working with Women Owned Businesses. Watch more videos on the Resources page

This video is also available on YouTube.

Social Security: Options to Help Maximize Your Benefits

Watch the Social Security benefits webinar recorded on September 22, 2020. “Options to Help Maximize Your Benefits” features Christopher Musuneggi, CFS, RFC of The Musuneggi Financial Group. He covers key concepts including:

  • Social Security essentials
  • When to collect early… and when it may be best to wait
  • What provisional income means
  • How to navigate spousal, survivor, and former spousal benefits.

You can also watch the webinar on YouTube.


 

Contact us with your questions about Social Security or to have your situation reviewed.  

Medicare Benefits Webinar

Watch the medicare benefits webinar recorded on September 15, 2020. “The Basics of Medicare” features Connie Hasler and Mike Lauro of Health Benefit Options. They cover key topics regarding choices available with Medicare including:

  • What Medicare is and how to enroll
  • Parts of Medicare… breaking through the confusion
  • Do you have options within Medicare? Yes!
  • Medicare Supplement choices

You can also view the Medicare Benefits Webinar on YouTube.

Contact us with your questions about Medicare or to have your situation reviewed.  

A Guide To Investing in an Election Year: How to Survive the Uncertainty and Invest with Confidence

To get some perspective on what could or would happen in the upcoming election, click on the link below to see an excellent report by our friends at the Capital Group.

 

 


Will Political Changes Affect the Economy?

Provided by Mary Grace Musuneggi

With all of the storm and stress of the year 2020, you’d be forgiven if you momentarily forgot that we’re due for another national election in November. Many states will be selecting governors, representatives, and senators, while the country itself will be voting in the presidential election.

Even though these elections happen every four years, they often breed uncertainty or anxiety about the financial markets and other investment matters. Some of our personal political beliefs may be informed by our economic worldview. For that reason, it’s natural that presidential elections are seen as potential turning points for the economy.

It’s important to keep in mind that while the White House has enormous influence on economic policy, ambitious policies frequently find challenges in the legislative and judicial branches.

It’s also important to keep in mind that in the wake of COVID-19 there are other factors that can influence the financial markets.1

Also know that we are here to help you create a strategy, one that may run through several presidents and many sessions of Congress. Naturally, you may have questions about how these policies might affect things in the short term, and we look forward to a chance to discuss these with you.

To set a time to talk, please go to our online calendars or give Olivia a call at 412-341-2888 x0

And don’t forget that the most important thing you can do in an election year is Vote.

Mary Grace may be reached at 412-341-2888 or marygrace@mfgplanners.com


This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.


Citations

1. NYTimes.com, July 29, 2020

So the money keeps rolling in. Or not…

Preparing for the second half of Year 2020

By Mary Grace Musuneggi

“When the money keeps rolling in you don’t ask how”
                        – ”Evita” by Andrew Lloyd Webber


History teaches us that what goes up goes down.  What goes down goes up.  And when it comes to the stock market there are these two obvious truths.  It goes up.  In 1920 the Dow Jones Average hovered around 66.  Yes, that is the number:  66.  Today it has been hovering around 26,000.  Yes, that is 66 then to 26,000 now.  So, it goes up.

But to get to that “up” it has gone up and down and up and down and up and down over time.

For those who have held during downtimes, to wait for the uptimes, rewards await.  But for those who do not or cannot wait for the downs to go up, it is a scary and strange time.  Causing some to abandon their long-term strategies and jump out of the market.

Many financial planners compare this to a ride on a train.  When you ride over the hills and into the valleys, if you jump off, you end the trip abruptly and maybe dangerously.  You have not gone forward to the end of the trip.  Reminding clients to not jump off the train.

But more importantly, our belief is that for the short term, you may not want to be on the train at all.  But over the longer term years, you may want to take the ride on the train.

The most important thing is to have realistic expectations as to what your money can do for you.

Short term goals should be funded by short term investment.  Long term goals by long term investments.  Pretty simple stuff.  We call this “bucketing”.  No guarantees but a great strategy for dealing with short and long term events in the economy, the world, the markets and most importantly your own personal financial world.

To discuss your situation, contact us to schedule a call.

A Ray of Hope

Let’s share a ray of hope this summer in the midst of pandemic and pandemonium.

As the year 2020 continues to be an anomaly, we all look for a way to get back to normal, whatever that was or will be. But summer has always been a time for enjoying family, outings, vacations, the outdoors, and creative activities. Although you may not be able to take that long-awaited, once-in-a-lifetime vacation to Europe or hold the annual family reunion in Hilton Head, we have been hearing from clients and friends how they have found wonderful ways of doing great staycations and fun family outings.

At The Musuneggi Financial Group we would enjoy hearing what you have been doing! What are your plans?  How have you made the best of the pandemonium around you? Will you allow us to share your fun ideas with others?

Send us your photos (we love to see the kids and pets involved!) or your summer fun ideas, by way of email; or join us on our Facebook page to share in the fun.

We hope you and yours are well.  We hope that you remain safe and most importantly hopeful knowing that “this too shall pass”; And in the meantime, that you will delight in the good things around us.

Nine Steps to Raising Money-Smart Kids

Provided by MFS

Our friends at MFS have created the Nine Steps to Raising Money-Smart Kids as a guide to help teach children early and often about financial responsibility. According to their advice, there are many ways to teach your children good money sense, but experience is the best teacher and having your child learn by doing is key.

Click the image to download the Nine Steps to Raising Money-Smart Kids PDF

Caregiving Resource Guide

Provided by Nationwide

You or someone you know may spend a lot of time taking care of a loved one. A Nationwide consumer survey found that older adults who are or were caregivers spent an average of 21 hours a week as a caregiver.  And those with fewer financial resources are more likely to spend 101 to 150 hours a week as a caregiver.1

Because of this, Nationwide created the Caregiving Resource Guide to help understand the challenges that can come with caring for a friend or family member.

Click the image to download the Nationwide Caregiving Resource Guide PDF


1 – “The Nationwide Retirement Institute Long-Term Care Costs in Retirement Consumer Survey,” conducted by The Harris Poll on behalf of Nationwide Retirement Institute. This online survey was conducted March 25 through Apr. 10, 2019, among 1,462 U.S. adults, age 50 or older, with investable assets of $50,000 or more and 516 U.S. adults age 50 or over who are caregivers.