Market Commentary

Student Loan Forgiveness

If you haven’t heard, the beta version of the public student loan forgiveness application went live.  This application for student loan forgiveness is the largest ever one-time student loan discharge ever offered by the US government. While student loan forgiveness has become a polarizing political issue it has also become a reality for millions of Americans and the potential planning implications are too important to ignore.   First the facts: Currently there are 1.6 trillion dollars in outstanding public student loan debt in the United States. Over 43 million Americans currently have student loan debt. The current student loan forgiveness program will...

Death, Taxes, and Market Volatility

It’s always difficult (some say impossible) to accurately explain the entirety of the financial markets at any single point in time.  There are several macro factors affecting the equity, bond, and real estate markets as a whole that are worth acknowledging as well as our response to them.  Its important to note, this is not personalized financial advice, do not take this as investment advice and please reach out to us concerning any opportunities you may have before you pursue them.   Inflation First and foremost, inflation is the bogeyman that has likely been blamed for all of the market woes at one...

Traverse Planning’s 2021 Market Recap

[video width="1280" height="720" mp4="https://traverseplanning.com/wp-content/uploads/2021-Market-Recap.mp4"][/video]   Clear Creek Financial Management, LLC dba Traverse Planning is a Registered Investment Adviser. This content is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Clear Creek Financial Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Clear Creek Financial Management, LLC unless a service agreement is in place....

Important Message Regarding Long-Term Care Insurance

If you have long-term care insurance, you have most likely received a premium rate increase on your policy (potentially multiple ones depending on the insurance company). These are typically accompanied by a few options to make changes to your policy. In general, the options listed are typically more beneficial to the insurance company than the policy owner and are not the only options available. Here’s what I just went through for my parents: In May my parents received a notice from Genworth that their premiums would be increasing by 55%. This was on top of the 44% increase between 2013-2015 and the...

January 2021 Portfolio Update

We wanted to take a few minutes to loop you in on the rebalance we did earlier this week and some adjustments we made at the same time. A lot has happened over the past year. We saw the beginning and middle of a global pandemic, along with the markets' retreat and recovery along the way. Not only has Zoom become a household name, but many parents took up second careers as homeschool teachers. And most recently, we ushered in a new administration. With changes as large and impactful as these, it was prudent and timely to rebalance the portfolios...

October 2020 Portfolio Updates

This year has been one for the history books on many counts.  When we made the changes to our portfolios at the beginning of the year, we mentioned that we hadn’t experienced a bear market (i.e. 20% or greater decline) in over a decade.  While we did not know what would cause one, we knew (from a purely statistical standpoint) that we were on borrowed time and proactively adjusted our portfolios accordingly.  It turned out that the timing of our derisking was extremely timely.  When we made the changes to our portfolios, it was done so out of prudent investing...

September 11 – Never Forget

Where I was on September 11 I had just finished my freshman year at Temple University and, after almost failing out, decided I wasn’t ready for college yet and needed to take some time off. I moved back in with my parents in Jersey and ended up landing a job at a bedroom furniture store. Even though I wasn’t good at sales, I learned the products quickly and people seemed to like and trust me enough to buy from me. I had already made a few thousand dollars in that short time and since I didn’t really have any expenses (thank...

COVID-19 Update #5

COVID-19 Update While many parts of America may well have crested the wave and are coming back down from the surge of new cases, other parts of America are now just nearing the crest.  It was announced early Friday morning that the US death toll crossed over 50,000 human lives here in America.  This battle against COVID-19 is still far from over, but the good news is that the early projections of a quarter-million or more US deaths seem to be very far off with new projections closer to 70,000 deaths.   We heard at the beginning of this week that Colorado,...

COVID-19 Update #4

COVID-19 Update Since the beginning of the outbreak of COVID-19, Taiwan has been a leader in the response and handling of the virus. Through a rapid ramp-up of safety protocols and the expedited innovation of testing capabilities and procedures, Taiwan was able to keep its overall cases below 500 with only 6 deaths. They have once again shown how they are the leaders in the response through the development of a 1-hour test that has a 90% accuracy.  Another amazing aspect of this test is that it can detect the virus in the early stages of the incubation period.  They anticipate being...

COVID-19 Update #3

COVID-19 Update Given the amount of good news that we’ve shared regarding our fight with COVID-19 over the last two weeks, there’s little surprise that the news is better than initially expected.  In almost all states, we have effectively flattened the curve and eliminated or minimized the shortages of major resources such as hospital beds, intensive care beds, and ventilators.  According to some projections, America as a whole is only a few days away from the peak resource usage and will be heading down the curve as the COVID-19 cases continue to slow. The CDC made an important addition to their recommendations this week...