As the President and Owner of Ascendant Wealth Strategies, Inc., Paul Seal knows a thing or two about helping his clients meet their financial needs. His 15-year career in the financial services industry began as a passion for helping people pursue their goals, and he takes pride in delivering the personalized attention that is often lost in larger firms. Ultimately, Paul’s goal is to ensure that each one of his clients achieves the peace of mind that only comes with financial preparedness, and he is grateful for the opportunity to guide his clients and their families towards that stability.
When he’s not helping clients prepare for their financial future, Paul spends his time traveling with his wife and two sons. He is also involved with his local church, his son's Little League teams, and their Cub Scout pack. He's a big supporter of the Boy Scouts of America, having obtained his Eagle Scout Award in 1983. He firmly believes that the values in both of these organizations are instrumental to financial planning: One should always be prepared, be a great team mate, and ready to serve the community!
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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.