Record Inflation: How to Prepare for Rising Costs

Record Inflation: How to Prepare for Rising Costs

We have continued to see a drastic increase in prices over the past couple of months, as the March Consumer Price Index report showed an annual increase of 8.50% and we just received April’s 8.30% report. This slight slowdown could potentially signal that the worst is...

Stock Market Commentary May 2022

Stock Market Commentary May 2022

Dear Friends and Clients, Before we provide an update on the market and our TD Ameritrade portfolios, we wanted to quickly mention that if you have money sitting on the sidelines, we have access to many options that may interest you.  For example: 3.60% Guaranteed for...

Monetary Policy and the Federal Reserve Meeting

Monetary Policy and the Federal Reserve Meeting

One of the hottest financial topics lately has been the Federal Reserve and their upcoming tightening policy schedule. However, in order to really understand the impact of interest rate hikes, it is essential to review the basis of fiscal policy and monetary policy....

Stock Market Commentary April 2022

Stock Market Commentary April 2022

Before we provide an update on the market and our TD Ameritrade portfolios, we wanted to quickly mention that if you have money sitting on the sidelines, we have access to many options that may interest you. For example: 3.15% Guaranteed for five years Tax deferral...

Would You Benefit from a Roth IRA Conversion?

Would You Benefit from a Roth IRA Conversion?

  When planning your retirement income, limiting taxable consequences is a priority. A Traditional IRA or 401(k) provides pre-tax retirement savings, which trigger income taxes whenever a withdrawal is made. On the other hand, a Roth IRA offers after-tax savings...

Understanding the Recent Rise in Gas Prices

Understanding the Recent Rise in Gas Prices

If you have been to the gas station lately, you most likely noticed the higher-than-normal cost to fill up your tank. Have you noticed other price increases in your grocery or utility bills? The COVID-19 pandemic required the federal government to provide massive...

Stock Market Commentary January 2022

Stock Market Commentary January 2022

Following a profitable 2021, the year 2022 started out with a thud. Fears about a Russian invasion of Ukraine combined with the Federal Reserve taking their foot off the gas pedal scared the markets. The tech-heavy Nasdaq dropped 8.98%, the Russell 2000 dropped 9.66%,...

How to Choose the Right Life Insurance Policy

How to Choose the Right Life Insurance Policy

Life insurance is a financial solution used to protect against the unexpected loss of life. Life is extremely valuable, both emotionally and financially. There are a lot of concerns that can arise when someone unexpectedly passes away, but a life insurance policy can...

Practical Tips for Teaching Kids About Money

Practical Tips for Teaching Kids About Money

One of the lessons a child needs to learn in life is how to manage money. Largely in part to the lack of personal finance classes in schools, parents are increasingly asking how they can teach their children smart money habits. While personal finance courses are...

2021 Market Year-End Review and Predictions for 2022

2021 Market Year-End Review and Predictions for 2022

2021 Market Year-End Review: Challenges & Opportunities In many areas, the year 2021 provided both challenges and opportunities. In our market year-end review, we will highlight some noteworthy developments in the markets and the economy, as well as provide an...

Build Back Better Bill, Tax, and your Roth IRA Conversion

Build Back Better Bill, Tax, and your Roth IRA Conversion

The draft of the Build Back Better (BBB) bill approved by the House on November 19th has many potential benefits to the middle class, but it also creates tax laws that affect 401K, IRA, and Roth IRA, investors.  It has not been approved by the Senate or signed by...

Santa Claus Rally: Real or Fairytale?

Santa Claus Rally: Real or Fairytale?

Do you believe in Christmas miracles? The stock market seems to believe based on the seasonal trend at the turn of the new year. This seasonal event is referred to as the Santa Claus Rally. This term refers to the positive stock market performance observed after the...

Contact Us

Summit Financial Consulting – Working With People You Trust.

Phone: 586-226-2100
Fax: 586-226-3584
info@summitfc.net

Our Office

The Fine Print

Check the background of your financial professional on FINRA’s BrokerCheck

Investment advisory services are offered through Summit Financial Consulting, LLC, an SEC Registered Investment Advisor Firm. SEC Registration does not imply a certain level of skill or training. Insurance products and services are offered through Summit Financial Consulting, LLC.  Summit Financial Consulting, LLC and its representatives do not render tax, legal, or accounting advice. Summit Financial Consulting, LLC is not affiliated with or endorsed by the Social Security Administration or any government agency.

Copyright © 2020 – Summit Financial Consulting