Business
Today, Ted Hoornstra of Hoornstra Financial Group and Concord Advisors takes stock of where the markets sit as we enter June.We take a close look at City National Rochdale's "Speedometers" to see where different aspects of the economy are trending. You can view them here: https://www.cnr.com/insights/speedometers.htmlNext, we dive deeper to help listeners understand what their financial priorities should be during these times. Are they older and worried about income? Are they younger and more worried about growth? For example. the CARES Act states that you don't have to take RMD's in 2020. But some people will want to take that money out, while others would prefer to let it sit in an IRA. What about an Roth Conversion? Again, right for some but not all.Annuities may be an option for some as well. Ted breaks these down.Finally Ted takes a look at the market. And while past performance does not predict future results, he explains why he believes we are in a "V" shaped recovery.ResourcesHoornstra Financial Group Website: http://www.hfg411.com/Email Ted: Ted@HFG411.comCall/Text: 727-498-8828