NOAA predicted 13 to 19 named storms this Hurricane Season, and two (Arthur & Bertha) decided to come early. Thus, now is the time to make sure your home and you are fully prepared for what appears to be a rough season. First off, please review the attached emergency preparedness list. Then, we recommend that you review your homeowner’s insurance policy for all hurricane, flood, and wind coverages, particularly your sump pump rider (if you have an active sump pump in your basement). You may want to call your insurance company to review these coverages if you are unsure. While on the phone, have them check your Umbrella Liability coverage to make sure you are covered in case one of your trees visits a neighbor’s home. Otherwise, batten down the hatches and stay safe, my friends. At least, we all have enough toilet paper for every unplanned Armageddon!
As we expected, the mortgage refinance rate for a 30-year fixed, no point loan is finally down to 2.875%. We expect it can fall further, but if you considered refinancing your loan, please contact us.
Have you logged on to your 1NWS Client Portal yet? In addition to accessing your Quarterly Performance Reports, you can run your own reports on demand and view portfolio holdings, position allocations, and 1NWS-exclusive newsletters. To log in, please visit https://login.orionadvisor.com . If you need to reset your credentials, please contact our office. Looking for monthly account statements, tax documents, and real-time account activity? Please visit www.schwaballiance.com for Schwab accounts or www.advisorclient.com for TD accounts.
It has been more than two months since social distancing measures began in the U.S. to help prevent the spread of the coronavirus. Currently all 50 states are in the process of reopening parts of their economies in phases. To see the status of your state, log onto: https://www.cnn.com/interactive/2020/us/states-reopen-coronavirus-trnd/. We know keeping yourselves and your families healthy and safe while reentering the world is a top priority. Here is a link for the CDC guidelines on daily life and a link to an interactive map from the New York Times to keep you aware of virus hotspots. Although our Annapolis office remains closed, we are only a phone call or an email away and always ready to help you in any way we can.
As always, we are here as a resource for those that you care about and for. If you are worried that your family and/or friends may have been given improper financial guidance or are losing their hard-earned assets, we are available for a free second opinion or guidance to make sure they stay financially safe.
Be well and have a wonderful week!