Financial Friday Round-Up: June 1 – June 5, 2020
Welcome to the Financial Friday Round-Up, where we scour the web for the best things to read, watch, or listen to regarding finance every week. The articles below range from a new model for business in a post-COVID-19 world to a morsel of good news about the falling unemployment rate, plus a celebration of National Annuity Awareness Month.
Despite overwhelming approval (96% of people are happy to have chosen guaranteed monthly annuity payments over a lump sum, according to a poll for MetLife in 2017), annuities still tend to fly under the radar when people are looking for retirement options. To help bring a better understanding of the benefits of annuities, the Coalition for Annuity Awareness has declared June National Annuity Awareness Month. Follow this link for a long list of resources that bring attention to this innovative solution for retirees.
In this article for Worth, entrepreneur Jim McCann argues that COVID-19 has brought back the role of relationships as the heart and soul of any healthy business. Following the pandemic, consumers have been focused on what companies are willing to do for their communities, and they look for a connection rather than simply a transaction. This insightful piece outlines the importance of relationships and how that can help businesses going forward.
Navigating financial changes can be complicated even in normal circumstances, let alone when the world is changing as quickly as it has been this year. This Kiplinger piece gives you four crucial benefits to consulting with a financial advisor, even calling the position a “financial therapist” of sorts, helping you navigate a new normal and create a solid financial plan in the face of potential market risk.
A small morsel of encouragement comes from the U.S. jobs report this week as the unemployment rate fell to 13.3% this past May. While there’s still a long road ahead, it does not hurt to relish in signs of improvement ever once in a while. Read this Wall Street Journal report for more information.
Check out our other Financial Friday Round-Up posts for more great reads!