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Condor Capital Reviews 4th Quarter 2020

Despite a year defined by a global pandemic and political uncertainties, financial markets proved resilient, with the major indices finishing the quarter, and the year, at or around all-time highs. The S&P 500 Index moved 12.14% higher in the fourth quarter, resulting in an overall gain of 18.39% for the index in 2020. The nationwide rollout of two COVID-19 vaccines, coupled with greater clarity regarding the country’s political backdrop, calmed market angst and set domestic equities up for a rally into the latter part of the quarter. Contributing most to the broader market’s rise were cyclically oriented sectors, led by energy and financials. On a market-cap basis, small-caps fared substantially better than large-caps in the fourth quarter and outperformed on the year. Finally, the long-standing trend of growth stocks outperforming their value counterparts reversed this quarter, with value exhibiting its best quarter since 2009.

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Estimating Your Retirement Income Needs

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.

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High-Frequency Indicators: Where to Look for Signs of Recovery

Since the pandemic began, disruptions in business activity have varied greatly from region to region, and often from one week to the next, according to the severity of local COVID-19 outbreaks. Unfortunately, many of the official government statistics used to gauge the health of the U.S. economy are backward looking and somewhat delayed.

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U.S. Credit-Card Debt Levels See Record Drop in 2020

Despite the financial challenges experienced by Americans as a result of the coronavirus  pandemic, U.S. credit-card debt dropped to record levels in 2020,  decreasing by almost $83 billion.1 This unprecedented drop was likely the result of individuals receiving financial assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and having access to more cash. Economic aid in the form of stimulus payments, suspended student loan payments, and broad state-sponsored unemployment benefits, allowed Americans to pay down their balances.2 In fact, according to a U.S. Census Bureau survey, almost 60% of adults in households that experienced a loss in employment income during the pandemic used their second stimulus check to pay down debt.3

If you are still struggling to pay down your balances, here are some strategies  to help eliminate your credit-card debt.

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Barron’s Selects Ken Schapiro in Top 1,200 Financial Advisors Ranking for 2021

Ken Schapiro, president of Condor Capital Wealth Management, has been listed in Barron’s ranking for the Top 1,200 Financial Advisors in 2021. This makes the fifth consecutive year he has placed in this ranking, and he is now #26 in the state of New Jersey, rising five places since 2020.

“It’s an honor to be selected by Barron’s again,” said Schapiro. “We have always placed the client first in everything we do, and I’m glad to see that this commitment is being recognized. All of the staff at Condor Capital work hard to deliver nothing but the best service to our clients and strive to be transparent in all they do.”

Condor Capital Wealth Management is an employee-owned, SEC-registered investment advisor employing 22 professional and support staff. Condor has been located in Martinsville, N.J. for over 25 years and has enjoyed being part of and servicing the local community and out-of-state clients. For Condor, the client always comes first; fees are based only on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interest. Advisors take the time to identify clients’ short- and long-term goals, risk tolerance, tax issues, and other concerns to construct a well-diversified portfolio and ensure clients always have a plan in place.

In this year’s application process, data was provided by advisors across the nation to evaluate top advisors by state. As per Barron’s report, various factors that are taken into consideration for the rankings include: assets under management, revenue generated for the firm, regulatory record, quality of practice, and philanthropic work. With these metrics, Barron’s is able to pinpoint those who provide excellent levels of service to create a comprehensive directory of trustworthy advisors for clients who may be seeking assistance in investing, financial planning, and other services.

To view more information on the award and our other accolades, please click here. To view the Barron’s Top 1,200 Financial Advisors list, please click here. The Barron’s directory listing for Ken Schapiro may be accessed here.

For more information on Condor Capital Wealth Management, please visit https://www.condorcapital.com or call 732-356-7323.

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American Rescue Plan Act Provides Relief to Individuals and Businesses

On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis.  Major relief provisions are summarized here, including some tax provisions.

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All About Credit Scores

It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how to maintain a positive credit score and credit history.

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National Consumer Protection Week: Beware of Pandemic Scams

This past year, scam artists have taken advantage of people’s concerns over the coronavirus pandemic to defraud them of money. According to the Federal Trade Commission (FTC), consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019. 1

This week is National Consumer Protection Week, the perfect time to take steps to protect yourself from the increase in fraud, identity theft and other scams. Here are some of the latest ones to watch out for.

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Condor Capital’s Ken Schapiro Ranked in Forbes’ 2021 Best-In-State Wealth Advisors List

We at Condor Capital Wealth Management are honored to announce that Ken Schapiro, Founder and President, has been recognized in the 2021 Forbes Best-In-State Wealth Advisors ranking. He is ranked #26 among high-net-worth investment advisors in north New Jersey. This marks the second consecutive year he has placed in this ranking.

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Pandemic Relief Measures and Your Tax Return

Two emergency relief bills passed in 2020 in response to the COVID-19 pandemic will make this an unusual tax season for many taxpayers. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed in March, and a second relief package was attached to the Consolidated Appropriations Act, 2021, in December.

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