Steinhandler Wealth Advisors

❤️ Love is in the air—but are you letting money stress get in the way?

👉 Get this: According to a study by the AICPA, 73% of married or cohabiting Americans experience relationship tension due to financial decisions! 😮

Here are five common points of financial friction. Do any of these sound familiar?

1. Financial “Infidelity”
A National Endowment for Financial Education poll revealed that 39% of respondents have hidden financial information from their partners, and 21% have lied about finances!

2. Divergent Financial Goals
Couples may be at odds over decisions like owning a vacation property or engaging in expensive hobbies.

3. Lack of Open Communication
If one partner makes the most significant financial decisions, the other may feel unempowered and unheard.

4. Incompatible Spending Habits
Different attitudes towards spending can lead to disagreements and resentment.

5. Income Disparity
When one partner earns more, this can cause tension, feelings of inferiority, or an imbalance of power.

Relationships require consistent effort and open communication. Don’t let lousy money communication habits get in the way of happy 😊 and healthy relationships!

January's markets saw modest gains thanks to positive economic data and upbeat Q4 corporate reports which helped support prices.

Monthly Market Insights | February 2024 The Dow Jones Industrial Average advanced 1.22 percent, while the Standard & Poor's (S&P) 500 Index gained 1.59 percent. The Nasdaq Composite, which led throughout 2023, rose 1.02 percent.1

🎩🌤️ Happy Groundhog Day! 🌤️🎩

Just like our furry friend Punxsutawney Phil, we too can benefit from periodically poking our heads out of our routines and assumptions to get a fresh perspective.

In finance, this means regularly reviewing our financial strategies and investments. Just as Phil looks for his shadow to predict the arrival of spring, we, too, should take a moment to “see our shadows.” Are we on track to pursue our goals? Are we prepared for any unexpected “winter” that may come our way?

Remember, even if Phil predicts six more weeks of winter, we can take steps to help prepare for our financial “spring,” which is just around the corner.

Are your finances ready for the upcoming “seasons”?

If not, we can be your financial almanac, guiding you with insights you can cultivate for years to come in rain, shine, or snow.

🏈 Get ready to rumble, folks! It's time for the Big Game, where touchdowns meet takeout and commercials become water cooler conversations!

Who do you think will win the Big Game? And do you believe some consider it a stock market predictor?

Fun fact: A long-standing myth says if an original NFL team wins the Big Game, it might signal a strong stock market for the year. But if an AFL team takes the trophy, some think it can be bad news for stocks.

Surprisingly, this unusual theory has been right roughly 70 percent of the time since it emerged in the late 1970s! 😮 And there are other notable economic indicators!

Former Fed Chair Alan Greenspan supposedly glanced at the "cardboard box" indicator, which considered the demand for boxes to help gauge the strength of the manufacturing sector.

Meanwhile, the "Big Mac Index" compares burger prices globally to assess currency values. 🍔

While these can be fun to discuss, market indicators based on football, fast food, or packaging won't influence our strategies. 🏈🚫 The old maxim applies: correlation does not imply causation.

While your favorite team aims for the end zone, we're here to help our clients cross their financial goal lines.

Who are you rooting for?