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Dear Jason,
The uncertainty of a Greek default lead the headlines as the 2nd quarter came to an end. The S&P 500 lost almost 2% June, but maintained a positive year-to-date return of 1.2%. International & Emerging Equity Markets also fell sharply in June, but maintained better year-to-date returns of 5.5% and 2.9%, respectively. International markets represented by the MSCI EAFE Index and Emerging Markets by the MSCI EM Index.
Fixed income markets were mixed. The Barclays Global Aggregate Bond Index is down 3.1% year-to-date while the Barclays Municipal Bond Index is up slightly at 0.1%. Barclay’s US Aggregate & Municipal Bond Indexes hovered around break-even with year-to-date returns of -0.1% and 0.1%, respectively.
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Moody's Investors Service downgraded their rating of Chicago's general obligation to Ba1 with a negative outlook (a junk rating). This has sparked debate as to how the
ratings companies arrive at such widely varying opinions about the city's credit worthiness. Dan Welch visited Nuveen Investments last month to get a closer understanding of the potential impact.
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Setting a Safe Spending Floor in Retirement
"The real issue and opportunity with the 4% rule is figuring out when it's 'safe' to spend more, and when it's necessary to stick with the original plan...the basic concept of the ratcheting 4% rule is to set a 'safe' spending floor, but one that - similar to many annuity-based strategies - can adjust upward over time if/when/as market results do turn out to be favorable."
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Securities are offered through WWK Investments, Inc. - Member: FINRA - SIPC
Investment Advisory Services are offered through WWK Advisors - Registered Investment Advisor
The information contained in this material is being provided for general educational purposes and should not be interpreted as specific legal, tax or investment advice. It does not address or account for your individual investor circumstances. Investment decisions should always be made based on your specific financial needs and objectives, goals, time horizon and risk tolerance. Consult your tax advisor or attorney regarding tax issues specific to your circumstances. Neither WWK Advisors, LLC nor WWK Investments, Inc. offer tax or legal advice. Any legal services are provided through Haelewyn Harris Law PLLC, a completely separate business entity that is not affiliated with WWK Investments, Inc. or WWK Advisors, LLC.
Investors should carefully consider the investment objectives, risks, charges and expenses of any investment. This and other important information is contained in the prospectuses (links to prospectuses can be found here), which can be obtained from your financial professional and should be read carefully before investing. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity.
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