Earman Wealth Management

The economy remains resilient, but rising interest rates and pressure on consumers could create challenges for markets. Here’s why diversification remains important in today’s environment. http://spr.ly/6185B1sRTc

Youth sports are a big investment—and not always in the ways you might expect. Before the next season starts, it’s worth understanding the full financial picture. https://www.northwesternmutual.com/life-and-money/youth-sports-costs-budgeting-tips/?utm_source=facebook&utm_medium=organic_social&utm_campaign=lifeandmoney&utm_content=lm_your-family_field&utm_term=youth-sports-costs&agentid=0M7344

Markets are still near record highs, but the economy remains uneven. Our latest commentary looks at recent inflation, consumer, and small business data—and why diversification continues to matter for long-term investors.

Why Broader Market Participation Matters Now Markets are broadening beyond tech. See why diversification still matters.

Is the market healthy just because the S&P 500 is up?

Not necessarily.

Recent market growth has been concentrated in a relatively small group of large companies. Inflation is still above the Federal Reserve’s goal, and the financial pressure on lower- and middle-income households is becoming more noticeable.

None of this means investors should panic or move everything to cash.

It means diversification matters.

A well-built financial plan should not depend on:

One company
One sector
One market index
One interest-rate prediction
One political or economic outcome

The purpose of planning is not to eliminate uncertainty. It is to build a strategy that can continue working despite uncertainty.

Not designating beneficiaries, forgetting about taxes—it’s easy to make mistakes while writing your will if you’re not careful. Please reach out if you have questions. https://www.northwesternmutual.com/life-and-money/the-biggest-mistakes-people-make-with-their-wills/?utm_source=facebook&utm_medium=organic_social&utm_campaign=lifeandmoney&utm_content=lm_your-financial-plan_field&utm_term=with-their-wills&agentid=0M7344

Trying to check off your bucket list? Let’s create a plan that helps you reach your short and long-term goals so you will have the peace of mind to book your dream trip. Let’s chat and prepare for what’s next.