April, 2020 - Financial Resources Group

It’s Time to Come up with a Plan

April 20, 2020

We can’t control the impact Covid-19 has had on our savings, so maybe it’s time to come up with a plan and move forward. Yahoo finance shows us that the stock market is down 20% to 30% from the beginning of the year. The bond market is flat or down and not offsetting the stock market losses. The yield on the 10-year Treasuries has been below 1% for weeks. If we apply all of this to a typical IRA or other retirement account, most likely the losses are more than 15%. This means that whatever percentage you were planning on

We are here for you

April 13, 2020

We’ve always told you that we are here to help. That means in connection with choosing retirement savings options that make you feel good about your future. But that also means to provide assistance in any way we can while you are staying at home. Need help with something? Call us, we are here for you.

You don’t have the Virus but your losses are still huge

April 6, 2020

You don’t have the Virus but your losses are still huge We are receiving calls from clients fearful that their market losses are going to require them to claim social security benefits years earlier than they had otherwise planned. This has an impact on their long term income [i.e. the sooner you collect, the lower the amount monthly], but there are ways to supplement that lower income stream using savings you still have. Call us if you’d like more information on the new Covid-assistance bill that permits you to withdraw funds from some types of retirement accounts that prohibit you

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Robert S Messina, an Investment Advisory Representative (IAR), offers advisory services through Gibbs Wealth Management, an SEC registered investment advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements.Financial Insurance Solutions Inc. and Gibbs Wealth Management are independent of each other. Insurance products and services are not offered through GWM but are offered and sold independently by, FRG Insurance Solutions Inc, CA Insurance Agency #OK21118, and Robert S. Messina, CA Insurance License #0E88665.