It’s been a long time since high inflation has been a real issue. One of the worst periods of inflation occurred in the 1970s and extended into the early 1980s. It was eventually tamed with very high interest rates. Professionals are trying to find a past time frame that best matches our current scenario.

In addition to the usual documents everyone should already have in place your Will, Living Will (aka Advance Directive), Durable Health Care POA, and maybe a Living Trust, it’s important to consider putting in place a Financial Power of Attorney (POA), and I highly recommend all accounts have a Trusted Contact on file at Raymond James. Financial Power of Attorney (POA)

I have had the privilege of working with clients for 40 years and going strong. I started at Shearson American Express in Honolulu in May 1982 working under the tutelage of my grandfather, James Bushong.

It’s been 12 years since the end of the last large bond market decline (2008-2010) where bonds had lost almost 16% at its worst point in June 2009.

My general rule of thumb for keeping paperwork:

• A few weeks: all new confirmations until the monthly statement arrives
• One month: the current monthly statement

Key Financial Updates For 2022