September Newsletter
September 2nd, 2020
Captain's Log


  

Welcome to September! For a lot of the country that means saying goodbye to summer, but here in North Carolina we all know we've got at least another month of muggy summer weather to deal with. Kids are getting back to school - whether that be online or in person -but this year that's not really easing parents' stress levels like it would in a typical year. The time has been passing at a warped rate this year due to the coronavirus pandemic and I suppose we're all just holding on the best we can to get through it all. We hope that you're hanging in there and doing as best as can be expected. 

This month's The Wealth Report touches on something we've all likely been dealing with lately - financial stress (and stress in general) caused by the coronavirus pandemic and the associated shutdowns. Even in the best of times, a lot of people feel uncertainty and stress surrounding their financial situation, so a six-plus months long pandemic surely hasn't helped that. It's important to take some time to assess why you're feeling stress and see if there are steps you can take to alleviate some of your worries. Sitting down with a financial professional to thoroughly review your current assets/liabilities and future financial goals is a good place to start. Simply taking a good look at things and understanding what you're dealing with can be a powerful tool in easing anxiety and getting on a path to feeling secure. Aside from financial stress, it's also crucial to be sure you're taking care of your physical and mental health through these trying times. 

If you've got questions or concerns about your current financial situation, then feel free to reach out to us for a review. We are set up to work remotely if you're not comfortable meeting in-person for the time being. Also, if you have friends or family that are worried about their financial plans for the future during this time, then encourage them to reach out to us. We are here to hopefully provide a little clarity during this uncertain time. Just let us know if there is anything we can do to ease some of your concerns going forward. 


Until Next Month,
Jim's signature
 James D. Stillman
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The Wealth Report:

Feeling Financial Stess?
Here's How to Cope.

When the coronavirus first began to reveal its ugly head in America, people were concerned. Not just about their health, but about their finances. Nearly nine out of 10 people (88%) surveyed by the National Endowment for Financial Education said they were worried about their financial situation. 

Financial stress is not exclusive to lower-income workers. In fact, during this particular crisis, many lower-income jobs are deemed "essential services" and are in high demand. Professionals employed in other industries, such as physicians, dentists, and many small-business owners, have had to reduce their client base and/or temporarily close shop altogether. Nearly eight out of 10 (79%) people with a household income of more than $100,000 a year report being at least somewhat concerned about their finances. 
All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer. All investments carry some risk and you should be advised by your personal financial advisor before implementing any strategies discussed, as they are not suitable for everyone. James D. Stillman is an Investment Advisor Representative of JDS Wealth Management Corporation and AE Wealth Management. 

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