The first quarter was one of the most volatile periods on record. The coronavirus’s rapid spread across the world has roiled the global economy in ways that even the Great Financial Crisis of 2008 did not. The pandemic, coupled with the collapse of energy prices caused by the drop in demand and price war between […]

Fears about the spread of the coronavirus have roiled the markets in recent weeks. The S&P 500, after hitting a record high just weeks ago, has entered correction territory. A correction refers to a 10 percent decline in a security or index from its most recent peak. While the speed of the decline has left […]

The recent coronavirus outbreak has already enacted a human cost. At the time of writing, there have been nearly 4,700 confirmed cases, resulting in more than 100 deaths. Both numbers are expected to climb as healthcare officials around the world continue to monitor the situation. Calculating the economic impact of the outbreak, however, may be […]

When the financial markets are in turmoil and account balances start to fall, there is a strong temptation retreat from the market to stem any perceived losses. Yet it is often the case that staying the course—or doing nothing—proves to be the better path. Here is one recent example: A hypothetical 60% stock/40% bond portfolio […]

Good financial planning means taking into account the entirety of a person’s finances. At Hanover, we care about more than just the accounts you have with us. We know that these accounts are simply one part of your larger financial portfolio, and want to ensure that all of your accounts are working in unison to […]