Financial News and Articles with Palmetto Financial Associates in Mauldin SC

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Question of the Day:Does Lightening McQueen have health insurance or car insurance?

A Multi-Year Guarantee Annuity™️ allows you to lock in a guaranteed interest rate for a set period, making it a popular option for those looking to help add stability, predictable earnings, and reduced market uncertainty.Reach out if you'd like to discuss whether this type of solution could help support your retirement goals.For additional interest rates and other important information: https://bit.ly/4fIaSQkSee thrivent.com/social for important disclosures.

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Our second event this past weekend was Thrivent Night out at the Drive! We had seats on the Rooftop and enjoyed baseball, food, and fellowship. Volunteers from Augustine Literacy Project joined us and shared information about their wonderful organization. Thank you to ALP and our members for coming out!

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August 2026 Market Update: Strong economy, higher yieldsThe market continues to navigate a changing landscape. While technology and AI remain important drivers, leadership is expanding into areas like financials and energy. Combined with a resilient economy and attractive bond yields, diversification remains as important as ever. Read Thrivent's August Market Update for more. ⬇️

“Rejoice in hope, be patient in tribulation, be constant in prayer.” - Romans 12:12

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Did you know that, as clients with membership, we have the power to influence where Thrivent sends millions in grant funding each year? All you have to do is log in and decide where you want this year’s Choice Dollars®️ to go—be it a church, local charity or major nonprofit. Plus, Thrivent just made the experience easier and Choice Dollars are now available to every single member! We highly recommend taking advantage of this easy way to give back.Be sure to direct 2026 Choice Dollars and spread the word about this unique member benefit.See thrivent.com/social for important disclosures.

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How to invest for retirement: Account types & strategic movesInvesting for retirement can feel overwhelming. No matter where you are on your journey, the key is to be consistent and stick with it. A strong retirement investment strategy includes:✔️ Portfolio diversification✔️ Understanding your risk tolerance and adjusting over time✔️ Investing in tax-advantaged accounts like IRAs and 401(k)sLearn more about investing for retirement. ⬇️

“But the fruit of the Spirit is love, joy, peace, patience, kindness, goodness, faithfulness.” - Galatians 5:22

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6 common investing mistakes & how to avoid themWhat are common mistakes people make when investing?1️⃣ Lacking diversification2️⃣ Trying to time the market3️⃣ Investing with your emotions4️⃣ Ignoring fees and taxesFor more mistakes to watch out for and smart strategies to consider. 👇

Happy to share Thrivent has been named to the Fortune 500 list in 2026 for the 32nd consecutive year! Honored to be part of an organization with a legacy of financial strength and stability, guided by purpose and good stewardship.

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June 2026 Market Update: Stocks and inflation keep risingMarkets up. Risks remain. See what’s driving Thrivent's outlook. ⬇️

What’s the new expectation for Federal interest rate cuts? Hear Thrivent’s Chief Investment Strategist Steve Lowe share his predictions: https://bit.ly/4cw8MQF

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What is portfolio rebalancing? Tips to maintain your target investment mixIs now the time to rebalance your portfolio? Over time, market shifts can expose you to more risk than you intended. Rebalancing is usually necessary on a periodic basis to help restore your portfolio to your target allocations. Here are 3 reasons why it may be time to rebalance. 👇

So far, 2026 has been full of uncertainty around oil and energy, inflation and AI. On April 14, Thrivent investment leaders gathered to unpack the headlines and talk about the potential impacts to consumers and markets. Hear their latest take on inflation, interest rates, tariffs, the energy sector and more: https://bit.ly/4sENZQK

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What is a multi-year guaranteed annuity (MYGA) & how does it work?Which one of the following tools have you used to help add predictability to your portfolio during periods of market uncertainty?1. Certificate of deposit (CD)2. High-yield savings account3. Multi-Year Guarantee Annuity (MYGA)If you’ve never heard of a MYGA before, you’re not alone. Let’s explore what it is and how it might work for you.36386k

Riddle for the day - What has not really been exposed to inflation?➡️ the cost of food at the Masters Tournament. ⛳❗In 2025, the cost of the fresh mixed fruit was the only item to increase in price. ‼️In 2026, three items are up - muffins and cheese straws are up $.50 and cookies 🍪 will cost $.25 more. You can still buy one of each item on the menu and only pay $72.75!

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“Aid layering” is a spending strategy that can help you understand which funding sources to prioritize as you pay for college. This strategy suggests spending awards first and reaching for loans last—because a dollar borrowed is a dollar (+interest) that needs to be repaid. Here’s a snapshot of the spending order:1️⃣ Need-based aid2️⃣ Merit and other scholarships3️⃣ 529 plans and savings4️⃣ Household cash flow5️⃣ Student loansYou can discover more tips for prioritizing and planning for college costs here: https://bit.ly/4rS1sVv

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March 2026 Market Update: Wobbling stocks, stronger bondsMarkets shifted in February, and that matters for how portfolios are positioned today. Thrivent's March Market Update explains what drove stock volatility, why bonds strengthened, and how we’re thinking about risk and diversification moving forward.

Retirement savings by age: What's average & what's recommendedCurious if your retirement savings are on track? Averages can be helpful, but they’re not the whole story. See where you stand and explore tips for retirement savings by age. 👇

2026 IRA contribution deadline: There's still time to maximize your savingsApril 15 is coming up, but you still have time to take action. See all the details on 2025 IRA contributions. ⬇️