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Memories and Lessons from the October 1987 Stock Market Crash

Ron Kelemen - Thursday, October 19, 2017

With the Dow at over a record 23,000, we just passed the 28th anniversary of the October 19, 1987 stock market crash, in which the Dow fell 508 points, or 22.6% in one day. That would be the equivalent of about a 5,000 point drop today! I was a Certified Financial Planner with six years of experience at that time. Those were scary times because the shock came from out of the blue. I can remember it like it was yesterday. Fear and panic were everywhere. We didn’t have a Quotron machine in our office and the Internet didn’t exist then, so one of the most difficult parts was getting timely and reliable information about what was happening. What I most remember was watching the Nightly Business Report and the McNeil-Lehrer News Hour that evening and for the next several evenings afterward. Back then, it was about the only way to get financial information before the next morning’s Wall Street JournalRead Entire Article Here

1986 + 32 = Tax Reform in 2018?

Brenna Baucum - Friday, October 06, 2017

As fee-only financial advisors, the fall often means some hands on year-end tax planning for our clients. Couple that with recommendations of early filing in the wake of the Equifax data breach and news of a tax reform proposal, and it got us thinking about our tax system. What’s the history behind it and what might be in store moving forward? Read Entire Article Here

Here's Our Take on the Third Quarter of 2017

Ron Kelemen - Monday, October 02, 2017

Every three months, at the end of the calendar quarter, we send an update to our clients. We discuss the economy, the financial markets, our portfolio management, and more. Here's a link to our 2017 Third Quarter Update. In this issue, we go into detail about the Fed and the unwinding of its quantitative easing program. As always, we welcome feedback by phone, email, or in person. Enjoy!  Read Entire Article Here

Identity Crisis

Brenna Baucum - Tuesday, September 26, 2017

If you’ve spent the month of September evaluating your online presence and security measures, you’re not alone. The Equifax data breach has served as an unfortunate reminder of just how public our “private” information is. This breach has also rekindled the scrutiny of Social Security as our defacto national identification system. What are our options?
 Read Entire Article Here

More Tips for Identity Safety

Brenna Baucum - Tuesday, September 19, 2017

Another week has passed since we’ve checked in with you on the Equifax data breach. We hope by now that most of you are starting to feel better about the security measures you have put in place. Aside from the ideas we’ve already discussed in previous blog posts, here are a few more ways to keep yourself and your finances safe: Read Entire Article Here

Update: Equifax Data Breach

Brenna Baucum - Thursday, September 14, 2017

Last Friday, we sent an email to our client families sharing what we knew of the Equifax data breach and a few additional suggestions of what they may want to do to protect their identity during this upsetting time. Since then, we’ve received several questions and wanted to share answers and updates.   Read Entire Article Here

Equifax Data Breach

Brenna Baucum - Saturday, September 09, 2017

As many of you heard on this morning’s news, Equifax – one of the largest credit agencies in America – has been hacked. Nearly all U.S. adults have their credit histories on file with the three credit bureaus Experian, Transunion and Equifax. That means that this may be one of the largest comprehensive data breaches in history, impacting over 143 million consumers. The breach revealed sensitive personal information including names, Social Security numbers, addresses, birth dates and driver’s license numbers. As caretakers of your nest egg, we will be carefully monitoring your accounts for any suspicious activity. Here are two additional steps you can take:  Read Entire Article Here

September Newsletter

Brenna Baucum - Friday, September 01, 2017

Every quarter, we collaborate as an office on the top concerns and questions we're hearing about from you, our clients. Those topics are the seeds that grow into our newsletter articles. As we make our way toward welcoming fall, here's what this newsletter can help you learn about: Read Entire Article Here

Getting the Most Out of Retirement

Ron Kelemen - Wednesday, August 02, 2017

We read a lot about retirement and counsel clients to it and through it.  So for us, it is hard to read anything new or refreshing about it (not withstanding Ron’s 2013 Confident Retirement Journey).  However, every once in a while, a good article or book on the subject catches our attention.  The latest is Sally Balch Hurme’s Get the Most Out of Retirement: Checklist for Happiness, Health, Purpose and Financial Security.  It’s full of common sense practical tips, and it’s not all about money.  The best thing about retirement, she says, is control over your own schedule.  She outlines the Five P’s of Retirement:  place, people, possibilities, purpose and passion.  If you don’t have time for her book, she has a good summary at Next, a retirement-focused website run by Minnesota PBS. Enjoy! Read Entire Article Here

Will Social Security Be There for You?

Ron Kelemen - Tuesday, July 18, 2017

Every July the trustees of the Social Security Trust Funds for the Old-Age & Survivors and Disability Insurance (OASDI) release their annual report on the health and long-range outlook of Social Security.   The projections are based on numerous actuarial assumptions, which you can find in their 2017 Trustees Report.  (The ones in the figure below are their intermediate assumptions.)  The good news is that more money is still coming into the funds than going out.  Payments to beneficiaries come from these reserves, interest earnings, and payroll taxes.  The reserves will be depleted by 2034, the same as projected last year.  At that time, benefits can only be paid by incoming payroll taxes, projected to be 77% of what beneficiaries are scheduled to receive.  That is if nothing is done between now and then.  The report projects that increasing the payroll tax by 2.83% could extend the longevity of the trust fund to 2090 and beyond.  But more likely, a combination of fixes could accomplish the same thing.  So, ignore the scare rhetoric about Social Security going bankrupt.  Beneficiaries will still get full benefits through 2034, then about 23% less after that.  So yes, Social Security will still be there for you, and in our opinion, It’s still a good deal. Read Entire Article Here


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