Chris Kichurchak is President of Independence Wealth Advisors. As a Chartered Retirement Planning Counselor® Chris specializes in the wealth management and financial planning needs his clients face in retirement. As an Investment Advisor Representative, Chris works with individuals to develop custom wealth management strategies, focusing on concise financial solutions and relationships built on trust.
Since beginning his career in financial services in 2001, Chris has gone on to become a Million Dollar Round Table Top of the Table qualifier, an honor that distinguishes him among the top professionals in the financial services industry. Chris believes that client education is the foundation of client service. He teaches financial planning strategy classes and has been featured on CNBC and 19 Action News. In addition, Chris has been featured in numerous publications including TheStreet.com, US News and World Report, Kiplingers, and Forbes.
Chris holds a BSBA in Financial Economics from Bowling Green State University. He proudly serves both the Cornerstone of Hope and Ronald McDonald House of Cleveland as a member of their boards’ finance committee.
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Last week saw the worst week on Wall Street since 2008, as the Dow fell into correction likely due to the outbreak and spread of COVID-19, commonly called novel coronavirus. A market correction is a nerve-wracking event for investors, but the current uneasiness in the markets is no cause for panic.
While the spread of COVID-19 is atypical, a market correction is not. In fact, it’s an entirely normal process, and not altogether unexpected after experiencing the longest-running bull market on record. There have been 22 market corrections since 1974, and they are aptly named because the market usually “corrects” itself and returns prices to their longer-term trends. While the coronavirus is likely to cause economic impact into at least the second quarter of 2020, historically, Wall Street’s reaction to these types of epidemics has been short-lived, including in the recent past.
When you spend most of your year toiling away at work, it’s natural to want to make the most of your vacation time. For many Americans, this means dreaming of the opportunity to own a vacation home where they can relax and recharge, while possibly earning rental income, too.
Before you pull the trigger on your own vacation home, however, you may want to think twice. While it certainly offers the opportunity for enjoyment and making meaningful memories, vacation homes also come with a few drawbacks.