Emergency Fund: Why You Need One in 2022

Emergency Fund: Why You Need One in 2022

Maybe you have heard of the phrase “Emergency Fund” before but don’t know exactly what it means. This article will outline the benefits of an emergency fund, how to create one, and why we believe COVID-19 stressed the significance of being financially prepared . An...

Stock Market Commentary December 2021

Stock Market Commentary December 2021

Unpacking Recent Stock Market Data Many factors are at play as we look to analyze recent stock market data. For example, in November, the Coronavirus Omicron variant caused a sell-off into month-end as investors were nervous about the travel restrictions and potential...

Understanding the New Infrastructure Bill

Understanding the New Infrastructure Bill

The infrastructure bill, which President Biden signed into law Monday, is being called a "once-in-a-generation" spending measure. So, what's inside this bill, and what is it going to cost? Infrastructure is often referred to as the foundation of our country. It...

How Budgeting is Key to a Successful Financial Plan

How Budgeting is Key to a Successful Financial Plan

Budgeting is the foundation of every successful financial plan. A budget helps you identify sources of income and expenses, which allows you to manage your cash flow accordingly. The goal of budgeting is to maximize your net cash flow by increasing your income sources...

What Earnings Season Means for Investors

What Earnings Season Means for Investors

You may have heard the phrase "Earnings Season" before and may not have known what or when this event occurs. Earnings Season refers to the time of the quarter when publicly traded companies release their financial statements and performance reports. The term...

Understanding the Pros and Cons of Short Selling

Understanding the Pros and Cons of Short Selling

By now, you've probably heard the story about the historic “short squeeze” of GameStop’s stock. While many successful investors profit when stocks rise in value, some investors bet on the opposite—profiting from a stock's decline in value. Short Selling is an...

Stock Market Commentary October 2021

Stock Market Commentary October 2021

How to Analyze Today's Stock Market Report   Many factors are at play as we look to analyze today's stock market report. In September, the tech-heavy Nasdaq index dropped 5.3%, and the S&P 500 fell 4.8%, which was their most significant monthly drop since...

How Much Longer Will Social Security Last?

How Much Longer Will Social Security Last?

The future financial status of the Social Security program is a popular topic of debate. Each year, the Trustees of the Social Security trust report on the programs’ current and projected financial status. The annual report has many questioning, will Social Security last? 

How to Calculate Your Net Worth

How to Calculate Your Net Worth

Net Worth is often an important topic among investors and businesses. This calculation is used to determine the value of the individual or company and is used to monitor financial progress. First, net worth looks at the overall financial picture. This is calculated by...

Stock Market Commentary September 2021

Stock Market Commentary September 2021

Today’s Market News: What You Need to Know Many factors are at play as we look to today’s market news. In August, the Dow Jones Industrial Average gained 1.2% (Source:  https://www.cnbc.com/2021/new08/30/stock-market-futures-open-to-close-news.html), and our...

What Biden’s Tax Plan Could Mean For Your Money

What Biden’s Tax Plan Could Mean For Your Money

President Biden’s election campaign focused heavily on the potential for tax reform. President Biden promised that income taxes should not increase for the lower or middle class throughout the campaign. Although the government has failed to pass any official tax...

What Determines the Taxation of Dividends?

What Determines the Taxation of Dividends?

Dividend investing is a common practice among stock market investors, especially those with lower risk tolerance. However, to truly understand dividends, it is essential to consider the variables. As part of our Personal Financial Planning 101 series, this article...

What is Cryptocurrency and How Does it Work?

What is Cryptocurrency and How Does it Work?

Cryptocurrencies have been a hot topic over the past few years, but the excitement seems to have exploded in 2021. Bitcoin, Ethereum & Dogecoin are just a few of the hottest names in this new and potentially revolutionary industry. Everyone these days seems to be...

Stock Market Commentary July 2021

Stock Market Commentary July 2021

Today’s Market Report: What You Need to Know Many factors are at play as we look to today's market report. In June, the Dow Jones and many Energy stocks were negative, while Technology stocks and the S&P 500 were positive.  Overall, it was a mixed month for the...

Quick Guide to Understanding Capital Gains Tax

Quick Guide to Understanding Capital Gains Tax

Capital gains taxes are all over the news in recent days, but not all capital gains are taxed equally. To better understand capital gains tax, it is essential to consider the variables. If you have been following our recent blog postings, you may have noticed we have...

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