Zacks Investment\nManagement provides insight into the biggest news stories, and key factors that\nwe believe are currently impacting the market such as:<\/p>\n\n\n\n
Are Baby Boomers Dropping Out of the Workforce? <\/strong>About 10,000 baby boomers turn 65 every day, and by 2030, all baby boomers will be 65. This data point has significant economic implications, as a massive portion of the current workforce marches towards retirement. At the end of the day, economic output (GDP growth) depends on how many workers there are in the economy, multiplied by how productive each worker is. When given some deeper thought, it is plain to see that baby boomers can, in effect, be a \u2018double whammy\u2019 on the economy \u2013 retiring in big numbers, and also collecting entitlements (Social Security, Medicare) at an increasing rate. This dynamic could put a strain on the economy and deficits. Enter Covid-19. The pandemic is said to have accelerated retirement, with the proportion of older workers leaving the workforce in greater-than-expected numbers. Employment across all demographics fell during the pandemic, but baby boomers have not returned to the workforce as the economy reopens at nearly the pace of younger workers. This decline in labor force participation could weigh on growth.1<\/sup><\/p>\n\n\n\n ___________________________________________________________________________<\/p>\n\n\n\n 8 of the Biggest Financial Mistakes You Should Avoid <\/a><\/strong> Many investors, especially those who are trying to plan for retirement, may be wondering how to prepare for what\u2019s to come. With the current state of the market being volatile, there is no definite answer. However, we believe that it\u2019s better to prepare for any given financial situation. ___________________________________________________________________________<\/p>\n\n\n\n Ship Freed from Suez\nCanal \u2013 <\/strong>After six days\nblocking a key trade route, the massive container ship was freed and moved\nnorth to an anchor point. The Suez Canal is responsible for facilitating about\n13% of global maritime trade and 10% seaborne oil shipments, making it a\ncritical component of the global supply chain. Indeed, some 320 ships have been\nwaiting to pass through the canal, many carrying millions and millions of dollars\u2019\nworth of goods bound for Europe. All of the re-routing and supply chain\nbottlenecks created could have the dual effect of creating longer delays for\ndeliveries and putting pressure on companies to pass increased costs to\ncustomers. Issues with the supply chain are not limited to the Suez Canal,\nhowever. In the ports of Los Angeles and Long Beach, 24 container ships (as of\nlast Monday) were waiting to offload millions and millions of dollars\u2019 worth of\nmedical equipment, consumer electronics, fuel, and other goods. Taken together,\nthe two ports handle over 30% of U.S. container imports, which explains why\nthere have been so many delays in deliveries and issues with inventory\nrestocks. One of the issues driving the supply chain mess is a \u2018good problem\u2019 \u2013\ndemand returned to the global economy at a faster pace than many companies\nanticipated.3<\/sup><\/p>\n\n\n\n Tracking Inflationary\nPressures \u2013 <\/strong>Supply chain issues can create price pressures, and coupled\nwith rising raw-materials costs, could contribute to an uptick in global\ninflation. Many Chinese exporters are reportedly increasing prices for goods\nthey sell abroad, which will arguably find its way to end consumers eventually.\nIn recent history, factories in China were a strong force for keeping prices\nlow, as cheap labor contributed to cheap goods. But this dynamic is becoming\nless powerful, as factory costs in China are climbing on the heels of higher\nenergy costs and input costs. These price pressures stemming from China are not\nnecessarily enough to push global inflation materially higher, but they come at\na time when the prices for other raw goods \u2013 like lumber, steel, oil, copper,\netc. \u2013 are already climbing.4<\/sup><\/p>\n\n\n\n Retirement Mistakes to Avoid During Times of Uncertainty \u2013<\/strong> While we can\u2019t predict or control the future of the market, it is possible to stay focused on actions that can help guide your future investments. There are common mistakes and habits that we believe can help some investors succeed while others fail. Don\u2019t fall prey to common investing mistakes! In this guide, we provide our thoughts on what we believe are\u00a08<\/a> of <\/a>the biggest retirement mistakes <\/a>investors <\/a>should <\/a>avoid<\/a><\/strong>.<\/a> If you have $500,000 or more to invest and want to learn more, click on the link below:<\/p>\n","protected":false},"excerpt":{"rendered":" Suez story highlights supply chain issues, retiring boomers create ‘double whammy’, price pressures could spark inflation <\/p>\n","protected":false},"author":3,"featured_media":7426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=9473"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9473\/revisions"}],"predecessor-version":[{"id":10419,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/9473\/revisions\/10419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=9473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=9473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=9473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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While there are many unknowns at present, we believe there are eight common mistakes that many investors make when planning for retirement. In our guide,\u00a08 Retirement Mistakes to Avoid<\/em>, we outline these mistakes and how you can potentially avoid them.
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If you have $500,000 or more to invest and want to learn more, click on the link below to get your free copy:
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Learn About the 8 Retirement <\/a>Mistakes to <\/a>Avoid!<\/a>2<\/a><\/sup><\/strong><\/p>\n\n\n\n
To help you understand some of these mistakes and how to avoid them, we have created the guide, 8 Retirement Mistakes to Avoid<\/em>.5<\/sup>
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