Financial tools & updates from the Investment Management Group
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Both the stock and bond markets have traded in a more volatile and choppy fashion in the 1st quarter of 2021, with longer term bonds pulling back more than short term bonds on renewed worries over inflation after the additional stimulus measure enacted by Congress.
The Family Museum and its non-profit foundation depend on community support to serve the children and families in our community. The Family Museum offers interactive and educational experiences for young children in the areas of art, science, movement, and play. With 44,000 square feet of programming space, the Museum provides hands-on exhibits, drop-in classes, preschool classes, school and community outreach, dance classes, and a variety of programs geared towards children eight and under.
When people think about estate planning, they often think of it in terms of having a Will or a Trust, directing disposition of property on their death. There are, however, important estate planning tools that are critical during your lifetime. These tools are powers of attorney.
We are happy to welcome Centennial Tax & Accounting to Northwest Bank. Centennial is our former firm, Blair, Westfall & Co., coming together with the expertise of Jeanne Pyle Scott and her team at Pyle, Scott & Associates, as well as Dave Schebler, CPA; Randy Sovey, CPA; Dave Thies and their support team. All combined we are now 16 people strong and will be led by Jeanne Pyle Scott.
You have invested in yourself. You have funds that will provide you with the essentials to live your best life, and if you’ve done things right even leave something for the next generation, bridging one generation to the next. People with intellectual and developmental disabilities rely on support for their lifetime. The Arc supports and invests in people with disabilities, helping them grow into their full potential and participate in their own communities.
The stock market continued to move higher, reaching new highs in the fourth quarter of 2020, with the election having a smaller impact on stock market returns than many anticipated. In 2020, markets proved how resilient they could be facing many risk factors throughout the year, but stocks were able to recover quickly after the COVID-19 induced sell-off and end the year on a high note. The S&P 500 was down 34% from mid-February towards the end of March only to end the year up over 16%. The bond market also had a strong year with interest rates and inflation both remaining at low levels.
Life changes and priorities have a way of shifting. But one thing stays the same, how important family is and our desire to protect them. That’s why having life insurance is an important financial decision. It means your loved ones could be OK financially if something happened to you.
Since establishment in 1985, the Scott Community College (SCC) Foundation has worked to provide financial resources to support students and our college community. Each year we utilize the generous gifts we receive from our board members, faculty and staff members, area businesses, and many others to offer scholarships, acquire new instructional equipment, and launch special projects.
The stock market staged a strong rebound in the 2nd quarter of 2020, after the large selloff caused by the COVID-19 pandemic and measures taken to lock the most global economies down to reduce the spread of the virus. The swift and massive stimulus measures implemented by the Federal Reserve along with the stimulus bills passed by the US government helped to provide the liquidity and relief that the US markets and economy desperately needed.