August 2020
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Midyear Outlook 2020
We are now past the midpoint of 2020, and as we reflect on these last few months, it would be an understatement to say it's been a challenging year so far.

LPL Financial's research team has released its Midyear Outlook 2020: The Trail to Recovery, which consists of financial market forecasts, economic insights and investment guidance for the remainder of 2020.

As we look forward to better times ahead and new ways to face these uncertainties together, it's important to stay focused on the market's fundamental drivers and maintaining a long-term perspective. 

We encourage you to read through the interactive version of LPL's Midyear Outlook by clicking here.
Did You Know?
Increasing your savings by just 1% now could make a big difference in retirement. 

While 1% is a small percentage of your annual earnings today, after 20 or 30 years it can make a big difference in your account balance when you retire. The longer you give your money a chance to grow, the better. 

Take a look at some examples below.

Increase your contribution by 1% and by retirement you could...


Fitness Apps for Seniors
Put your smartphone to use to help you get physically fit! Today's technology is making it easier than ever for seniors to live a healthy lifestyle. Whether you're looking to track your steps, log your food intake, or simply give your overall health a boost, there's most likely an app for it!

Click here for four apps for seniors that will help you kick-start (and maintain) your fitness journey!
10 Day Hikes from Saratoga Springs

As social distancing has become the norm these past few months, you've probably found yourself spending more time outdoors. If you're looking to take in some fresh air, we found 10 great day hikes near Saratoga Springs. They range in dfficulty so there's something for everyone, and even better - they're all relatively close by so won't require a whole weekend's commitment!

Click here to check out the list.
Robert Schermerhorn, CFP® 
Jamie Usas, CFP®,
Operations Manager
Amanda Friedman,
Wealth Consultant
Andrew Chapman,
Operations Research Associate
Mollie Flynn,
Office Coordinator
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18 Division Street, Suite 305
Saratoga Springs, NY 12866
Phone: 518-584-2555

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Planning Tip
Consider a 529 account for your child or grandchild.

It's no secret that education is expensive. College costs are increasing at about two times the rate of inflation each year, and the trend is expected to continue. 

If you're looking to give your child or grandchild a gift with a lasting impact, consider contributing to a 529 College Savings Plan on their behalf. 529 plans are one of the best ways to help a child or grandchild financially while limiting your own tax liability. 

If you have questions or are interested in setting up an account for your child or grandchild, please call our office at (518) 584-2555.

Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.