In April alone, the U.S. lost more than 20 million jobs — increasing the unemployment rate to 14.7%. Researchers say one of the demographics hit hardest during the pandemic is women workers. Women tend to hold a disproportionate number of jobs in industries such as hospitality, health care and … Read more about The Pandemic’s Financial Toll on Women
The Importance of Women Achieving Financial Confidence
Married or single, women are finding that taking an active role in their financial futures is critical. About 80% of married women outlive their husbands, and nearly half of all widows say they wish they’d been more involved in managing their finances when their spouse was alive.1 Whether you … Read more about The Importance of Women Achieving Financial Confidence
Contingency Plans Helpful to Weather the Unexpected
Financial advisors often tell clients to keep an emergency fund of liquid assets, with enough to cover three to six months of living expenses. It makes you wonder why America’s largest companies don’t maintain a similar practice, with three to six months of emergency savings to help keep workers on … Read more about Contingency Plans Helpful to Weather the Unexpected
What Does National Stimulus Relief Mean for You?
On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a historic $2 trillion stimulus package designed to provide economic relief to Americans affected by the coronavirus pandemic, which by now includes every single person in the … Read more about What Does National Stimulus Relief Mean for You?
Are the Stock Market and the Economy Out of Sync?
In normal times, the stock market is often a reflection of the economy. But these are not normal times. Even though April was marked by a global shutdown of businesses, rampant unemployment and low economic growth, the S&P 500 Index ended the month up 12.9%. This represented the highest … Read more about Are the Stock Market and the Economy Out of Sync?
How to Deal With Financial Stress
A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried … Read more about How to Deal With Financial Stress
The Perks and Pitfalls of Self-Employment
Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020.1 According to a 2017 survey, 36% of U.S. workers … Read more about The Perks and Pitfalls of Self-Employment
Gender Dynamics: Pre- and Post-Pandemic
In past recessions, industries like manufacturing and construction were often the hardest hit. For example, some economists referred to the Great Recession as a “man-cession” because at the outset, more men lost jobs than women. In some households, wives were able to find employment more often than … Read more about Gender Dynamics: Pre- and Post-Pandemic
The Secure Act – The Three Things You Actually Need to Know
Download the White Paper: The Secure Act - The Three Things You Actually Need to Know … Read more about The Secure Act – The Three Things You Actually Need to Know
The Trump Tax Cuts are Here – How Will They Affect You
Download Free White Paper: The Trump Tax Cuts are Here - How Will They Affect You? … Read more about The Trump Tax Cuts are Here – How Will They Affect You
Will a Recession Rob Your Retirement
Download Free White Paper: Will a Recession Rob Your Retirement … Read more about Will a Recession Rob Your Retirement
Our Covid-19 Office Practices
As Victory Wealth Services is considered an essential business, we are currently remaining open. However, due to the Covid-19 pandemic, we have updated some of our office practices: We are sanitizing all touched surfaces regularly and between all client appointments and visits. This includes … Read more about Our Covid-19 Office Practices