Insights from Encore

Here is a collection of finance-related news and information we consider worth knowing.

The content included here is meant for general use only; it is not to be considered advice.

Retirement Plan Options for Small Businesses

As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees? There are three main types of retirement plans for small businesses: SIMPLE-IRAs,...

MONTHLY ECONOMIC UPDATE JUNE 2020

U.S. Markets Stocks rallied in May, sparked by a supportive Federal Reserve, stories of states re-opening, and reported progress on a COVID-19 vaccine. The Dow Jones Industrial Average rose 4.2%, while the Standard & Poor’s 500 Index picked up 4.5%. The NASDAQ...

Eldercare Choices in the COVID-19 Era

Given the threat of COVID-19, seniors today may be considering their extended care alternatives with extra caution.1 In addition to health factors, the cost can be an issue. According to Genworth’s 2020 Cost of Care Survey, the median annual cost of a semi-private...

Federal Student Loan Relief

Are you or someone you know currently making federal student loan payments? In light of the COVID-19 pandemic, some welcome relief may be on the way. Thanks to the recent passage of the CARES Act, the U.S. Department of Education will allow you to temporarily halt...

The Pros and Cons of Early Retirement Plan Rollovers

Did you know you might be able to take some or all of the money in your 401(k), 403(b), or 457 plan and roll it over into another type of retirement account? Were you aware that you could do this while you are still working for your current employer – without any...

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One of our financial representatives in Pennsylvania spent an entire day last week helping distribute turkeys to those in need in Brooklyn, NY.Ed Nissley said people lined the street and the crew stayed busy all day unloading the truck. Families received their turkey right on time for Thanksgiving.Thank you for volunteering and spreading the joy Ed!#volunteering #thankful #generousity #encoreforgifting ... See MoreSee Less
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#FridayFacts all about #BlackFriday1) The average shopper spends $358. Do you fall above or below the average?2) All combined that's $11 billion in sales in 2019. Sales are expected to increase for 2021.3) Originally a "day of thanks giving" was declared by the US President on the last Thursday of November - either the 4th or 5th. In 1939 the last day was Thursday and retailers worried about the shortened holiday shopping season. In 1941 Congress passed that Thanksgiving would be celebrated the 4th Thursday of November giving shoppers an extra week between it and Christmas.4) Philadelphia coined Black Friday in reference to the smog created by all the traffic & congestion of shoppers. Retailers tried to rebrand as "Big Friday" but that didn't stick.5) The widespread phrase Black Friday didn't catch until 1990's. In which retailers tried to put a positive spin on the "black" bit of the term by saying it was when retailers became profitable, or as the saying goes "went into the black". However, there is no evidence to back this claim up.What's your Black Friday shopping tradition? Leave a comment if you'd rather: a) you & your wallet stay tucked in at home 😴b) be out shopping at midnight 👜c) catch the online deals💻 ... See MoreSee Less
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#FridayFacts all about Thanksgiving - food edition#1 Green bean casserole was invented by a Campbell Soup employee, test kitchen supervisor Dorcas Reilly in 1950. #2 Sweet potatoes are not really potatoes...or yams. They are their own thing. No wondering you can put marshmallows on top and make them delicious.#3 A person consumes an average of 3,000 calories at Thanksgiving. How long to burn that? Well, a 150-pound person would have to run an average of 29 miles to burn off 2,800 calories. That's a marathon!#4 Or just be the cook. It’s estimated that if you ran around the kitchen all day, you’ve probably burned about 700 calories! #5 The average commercial turkey sold in grocery stores weighs just over 30 pounds.#6 Forks were not used at the first Thanksgiving. They simply didn't have that utensil. Instead they used spoons, knives ,and their hands. ... See MoreSee Less
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What is the best advice you have for couples about money?Share your wisdom!#moneymatters #personalfinance #familyfinancials #financialplanning #talkitout #finances #couplesmoney #spending #saving #budget #moneyadvice ... See MoreSee Less
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At Encore Financial Group, we are dedicated to helping members of our community achieve and maintain financial independence. We do this via a holistic approach to reducing risk, offering protection services and potential growth opportunities for our clients who love their family and are serious about their money.

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