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Financial Fitness Blog

Market volatility happens

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Brenda EcheverriaHistory clearly illustrates that the market will drop some days, sometimes for weeks or months...and the market will go up some days, sometimes for weeks or months. That’s how it works.

Accept the predictable unpredictableness of the market. If you’re thinking “easier said than done,” remember:

  • Retirement accounts are set up for long-term investing. Focus on your long-term goals and try to ignore short-term volatility.
  • Some volatility is healthy for the market. After a long period of mild volatility, recent drops may have appeared shocking to you, but economists say a correction was overdue.
  • Mutual funds are generally long-term investments and not designed for frequent changes/trades.
  • A well-diversified portfolio will help alleviate some of the effects when a correction occurs.

If you are experiencing more volatility than you’re comfortable with, it might be wise to take a look at your portfolio. Contact us at 1-800-279-4030 if you need help or have questions.

Brenda Echeverria, Financial Planner

Get ready for a tornado drill on Thursday, April 12

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Steve SchofieldAccording to the National Weather Service, Wisconsin averages 23 tornadoes annually. Last June we saw the largest tornado outbreak in Northeast Wisconsin history.

This week, TV and radio stations throughout Wisconsin will help you prepare for the next one.

April 9-13, 2018 is Wisconsin’s Tornado and Severe Weather Awareness Week, with statewide tornado drills scheduled for Thursday, April 12. A mock tornado watch will be issued April 12 at 1 p.m., followed by a statewide mock tornado warning at 1:45 p.m.

There will also be a statewide test in the evening. A mock tornado warning will be issued at 6:55 p.m. so families can practice their emergency plans at home.

Because actual Emergency Alert System warning codes are being sent, TV and radio messages may not reflect that this is a test and seem as if the watches and warnings are real. While the Wireless Emergency Alert system won't be activated, you may receive NWS alerts or text messages through your smartphone apps. In addition, mock alerts will be issued on NOAA Weather Radios and many communities will sound their tornado sirens to test their emergency severe weather plans.

Do you know the difference between a severe weather watch and a severe weather warning?

WATCH: Stay alert and aware. A severe thunderstorm or tornado watch gives you advance notice that conditions are favorable for dangerous weather. A watch is not a warning. During a watch, there will be information about what type of weather you might see and the chance of it actually occurring. When your area is in a watch, stay alert for changing weather.

WARNING: Take action now. A warning is issued when severe weather is about to strike in your area. For severe thunderstorms, tornadoes, and flash floods, it means the weather event is happening now and you need to take action immediately.

For more information and for help building a basic disaster supply kit and creating an emergency plan to protect yourself and your family, visit READYWisconsin. Any changes to the drills will be issued to local media as well as posted on the READYWisconsin website as well as their social media feeds.

Steve Schofield, Personal Insurance Consultant

Have you changed banks or your address recently?

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Sue LukasMake sure your electronic contributions to your WEAC IRA and/or personal insurance premium payments continue without interruption by notifying us if you have changed where you bank or if your account information has changed. Likewise, if you have moved, please contact us with your new address to ensure timely delivery of important information.

  • Contact us directly at 1-800-279-4030 or log into yourMONEY to change your address on your retirement savings accounts.
  • If you also have your auto or home insurance with us, you can use our online Policy Change Request application or call 1-800-279-4010 to make the change.

Sue Lukas, RIS Specialist