Stephen Kyne, partner, Sterling Manor Financial LLC\n<\/div>\n<\/div>\n
There’s nothing quite like the start of a new
\nyear to pause for a moment and take stock
\nof your finances. After a year as emotionally
\ncharged, for many, as 2012 was, with a hotly
\ncontested election and widespread economic
\nuncertainty, it is important to evaluate changes
\nin your personal economy and revisit your
\nfinancial goals.<\/p>\n
If you have resolved to make improvements
\nto your finances, it is important to first be sure
\nthat you have a stable foundation on which to
\nbuild. Evaluating your cash reserves to ensure
\nthey are adequate to meet your needs, as well
\nas an annual check of your various insurance
\npolicies are two of the most important steps
\ntoward ensuring your long-term investments
\nwill not have to be liquidated at an inopportune
\ntime because of some emergency. <\/p>\n
As details of the “fiscal cliff” resolution become better understood, it may be important for you to reconsider your savings and investment strategies to capitalize on, or counteract, any changes in the tax code.<\/p>\n
Once you’ve done your annual financial check-up, you can begin to turn your attention to events in the world as they affect your investments. Looking into 2013, we expect:<\/p>\n
\u00e2\u20ac\u00a2 Continued steady domestic growth, on the order of 2-3 percent real GDP.<\/p>\n
\u00e2\u20ac\u00a2 Continued unemployment ranging from 6.5-8 percent. \u00e2\u20ac\u00a2 A marked increase in U.S. industrial growth as geopolitical and economic conditions continue to make the U.S. an attractive place to build manufacturing facilities.<\/p>\n
\u00e2\u20ac\u00a2 New home construction, and related businesses, should fare well as historically low new home inventories and interest rates team-up to produce favorable conditions for growth.<\/p>\n
\u00e2\u20ac\u00a2 Eurozone countries will continue to struggle to find solid footing.<\/p>\n
\u00e2\u20ac\u00a2 American exports should thrive, as a relatively weak dollar continues to make American goods competitively priced abroad.<\/p>\n
\u00e2\u20ac\u00a2 Historically low interest rates will continue to depress the market for many bonds.<\/p>\n
\u00e2\u20ac\u00a2 Changes in tax treatment on interest and dividends for many investors may help the market for tax-free municipal bonds.<\/p>\n
Remember, these are all forward-looking statements and any piece of news could come out tomorrow, rendering them woefully inaccurate.<\/p>\n
It’s important that you work closely with your financial advisor to stay informed of any news, and make changes accordingly.<\/p>\n
If you are not currently working with an advisor, the beginning of the year presents a wonderful opportunity to meet with one, set goals, and make serious progress toward achieving them. Just as hiring a personal trainer will help you make your fitness goals a reality, working closely with a trusted financial advisor can give you the direction, knowledge, and discipline you need to achieve your financial goals.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Stephen Kyne Stephen Kyne, partner, Sterling Manor Financial LLC There’s nothing quite like the start of a new year to pause for a moment and take stock of your finances. After a year as emotionally charged, for many, as…<\/p>\n","protected":false},"author":121,"featured_media":13283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-reports"],"yoast_head":"\r\n
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\n<\/div>\n