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Looking Back and Moving Forward

L.K. Benson & Company talks about looking back and moving forward

Thanks to L.K. Benson & Company for this blog on moving forward.

The past few months have been a strange and difficult time. We hope each and every one of you continues to stay safe and healthy. We want to thank all of our medical and essential workers who have put their own safety at risk for the rest of us. You are the true heroes of this crisis and we owe you all a debt of gratitude. 

Business Operations Update

We continue to work remotely and are available to you by phone or email whenever you need us. We are working on a plan to gradually reopen the office in the coming weeks in accordance with Governor Hogan’s guidelines. Please feel free to reach out to us anytime.

Life After the Pandemic

After weeks of quarantine and “stay at home” orders, we are starting to see encouraging signs of progress in our fight against the COVID-19 pandemic. While we are not out of the woods yet, our collective focus seems to be shifting to what life looks like after COVID-19. We are all eager to go back to some sense of “normal”, but some experts believe the COVID-19 global pandemic will cause permanent changes in our lives, our psyches, and in the normal way business is conducted in America and around the world.  Will we ever go back to the way we were before the virus struck? Read more from Lyle here…

Pandemic Market Lessons, In Pictures

While the country is starting to open back up on a limited basis, we have a long way to go before we can put the COVID-19 pandemic behind us. The last few months have been so full of unusual events in the investment markets, now feels like a good time to reflect on what we learned in the markets, with the help of some graphics. Chris has more here.

Taxes: To Pay or Not To Pay?

As the saying goes, there are two things in life that are certain: death and taxes. While nobody can permanently escape either, everyone tries their best to do so. This makes sense when it comes to dying, but it might not always make sense for paying taxes. Chris explains when you might be better off paying taxes now instead of later in this post.

Should You Still Delay Social Security?

“Among financial planning cognoscenti, the standard advice for Social Security is to delay filing past full retirement age for as long as you possibly can in an effort to enlarge your eventual benefit. After all, you can increase your benefit by about 8% for each year you wait past full retirement age up until age 70… But is the advice to delay still sound amid the current coronavirus crisis and market drop? After all, the pandemic has introduced some new challenges, both for investor portfolios and arguably for the program itself.” Read more from Chrstine Benz at Morningstar.

68 Bits of Unsolicited Advice

Kevin Kelly is the co-founder of Wired magazine and a visionary on the future of technology. He celebrated his recent 68th birthday by providing some excellent bits of advice. A few of our favorites:Saving money and investing money are both good habits. Small amounts of money invested regularly for many decades without deliberation is one path to wealth.You are what you do. Not what you say, not what you believe, not how you vote, but what you spend your time on.To make mistakes is human. To own your mistakes is divine. Nothing elevates a person higher than quickly admitting and taking personal responsibility for the mistakes you make and then fixing them fairly. If you mess up, fess up. It’s astounding how powerful this ownership is.Over the long term, the future is decided by optimists. To be an optimist you don’t have to ignore all the many problems we create; you just have to imagine improving our capacity to solve problems.

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