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Financial markets have experienced quite a bit of change this year in just two short months. We started the year hopeful that stocks would benefit from a better economic and monetary policy environment by the spring, but recent developments suggest that may be further out than we initially thought. We remain confident that a new bull market will come—it just may require a bit more of our patience before we get there.
Helping to bridge the gap toward financial success
Dear Valued Investor,
We wish you a happy New Year and hope you were able to close out 2022 with friends and family.
The beginning of a calendar year is often the time when the previous year's reflections transition to a new year's hopes. Given the market's continued instability during 2022 and a resulting tough period for stock and bond prices, everyone is hoping for a fresh start. And history gives us cause for optimism following a difficult year. While each new year brings its own unique circumstances—and having a well-balanced plan helps—more often than not, bad market years are followed by good ones. This is especially the case following a mid-term election year.
Spending Higher Than Expected for More Retirees in 2022
Considering high inflation, it's not surprising that the percentage of retirees who said their spending was higher than expected increased in 2022 over 2021. These surveys were conducted in January of each year, so with inflation continuing to run high, it's likely that even more retirees may be experiencing unexpected spending.
