Diana Apostolova, Financial Consultant

...2011 and 2012, President Obama reduced the Social Security payroll tax on employees from 6.2% to 4.2%. That led to reductions of more than $100 billion a year in revenue to fund Social Security benefits. However, under the legislation that allowed for the payroll tax cut, the federal government's general fund made transfers to the Social Security trust funds to make up the difference -- effectively leaving Social Security whole. Obviously, a payroll tax cut all the way to ...0% would have a much more dramatic financial impact, especially if it applies both to employees and employers. The federal government could still make transfers to leave Social Security's trust funds unaffected, but the size of the transfers would have to be larger. With the federal budget already running a high deficit, there's a great deal of debate about whether such a transfer would be fiscally prudent. https://www.fool.com//would-trumps-0-payroll-tax-crush-soc See more

The economy has been put on hold and the longer the lock down, the more severe the consequences that the American people will face in the future.

https://www.cnn.com//in/401k-stocks-coronavirus/index.html As hard as it sounds, panic is never the right move in any circumstance. Stay the course.

The stock market has been crazy volatile over the last two weeks. I came across this report from Vanguard that may help you handle the stress a little better. Let me know if I may provide any assistance. #investing #stockmarket https://www.dropbox.com//Beat%20the%20Market%20Jitters.pdf

Happy New Year!

25 Things to know about Retirement Planning. https://rochesterinvestments.com/25-things-to-know-about-r/

Amazon launched 25 years ago today: Here are 3 of billionaire Jeff Bezos’ secrets to success https://www.cnbc.com//amazon-turns-25-years-old-jeff-bezos

We hope you had a fabulous Independence Day celebration. As you find some time to relax and reflect this holiday weekend... We wanted to remind you that if you're considering retirement in the next 5 years we can guide you to a successful retirement and beyond. ... Contact us to set up your complementary 1 hour retirement planning appointment.

Retirement planning ideas for couples. Contact me with any questions at 585-466-8119. https://www.brighthousefinancial.com//should-married-cou/

Good article on Roth IRA conversion. Contact me with any questions at 585-466-8119 https://www.fool.com//3-smart-reasons-to-do-a-roth-ira-con

He claimed to run a hedge fund from his frat house. The SEC says he spent investors’ cash on gambling and booze. https://www.washingtonpost.com//georgia-student-ponzi-sc/

In an escalated trade war with China and now Mexico, the U.S. is losing trillions of dollars in foregone equity returns, Deutsche Bank said Friday. The trade war has been key in preventing a recovery in global growth and keeping US equities range bound, the bank said. The S&P 500 was down 5.33% in the month of May through Thursday’s close and down 5.6% from its 52-week high.... https://www.cnbc.com//trumps-trade-wars-have-cost-the-stoc

Market up? Market down? Market noise can get loud, but at the end of the day the market has grown. History has shown that the longer you stay invested in the market, the better off your investments are going to be. TIME Magazine front pages illustrate that patience is a great investment strategy. Whether it's 1987, 2008 or another challenging period in U.S. history, one lesson remains the same: smart investing is about the time in the market, not timing the market. To request your TIME Magazine front pages vs. financial market brochure contact me at 585-466-8119 or by email at [email protected]