25Jun
How to Plug 3 Retirement Leaks
Retirement

As more people flock to low-fee funds and inexpensive investment advice — including robo-advisors and target-date funds — investors need to be mindful that there are other potential leaks in their portfolios. “There are a lot of inefficiencies in money management, and in fact, those inefficiencies collectively are actually much more
impactful on your long-term financial health than the fees that you pay for financial products,” says Matt Fellowes, CEO and founder of Washington, D.C. based investment advisory United Income.

In a report published earlier this year, Fellowes and his colleagues noted that while investment management costs for retail investors have dropped by more than 50% over the past 35 years, the benefits of lower prices may be undermined by other costs that aren’t tied to fees. They include taxes, mismanagement of Social Security, and subpar investment returns.

United Income found — after analyzing 62 different retirement solutions and more than 26,000 potential combinations of future market returns — that reducing these portfolio leaks generated seven times more wealth in retirement for a typical retiree than would saving 1 percentage point on investment management fees.

Put another way: Investors who plug these other leaks have a 42% better chance of generating enough money for retirement than those who focus exclusively on minimizing fees.

Here are some of the biggest leaks retirement savers need to plug.

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22Jun
Warren Buffett’s Investing Style
Investing

I found the this article to be on interest.  I hope you do to!
Barb

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20Apr
Thinking About Having a ‘Green’ Funeral? Here’s What to Know
Issues of Aging

Here’s an interesting article from the New York Times.

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

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06Apr
Income + Tariffs + Inflation = Underperformance
Economy

I found this blog to be extremely interesting – hope you do too!

Eaton Vance Advisory Blog

Feel free to contact me if you’d like to talk.

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

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05Apr
Keeping Volatility in Perspective
Economy

Based on the continuing market volatility, I thought that you might find market perspectives from various economists and portfolio managers employed by the Capital Group to be encouraging. 

(Many of you will recognize the name of the Capital Group’s subsidiary –  The American Funds.)  Founded in Los Angeles, California in 1931, the Capital Group ranks among the world’s oldest and largest investment management organizations.  It has more than $1.7 trillion in assets under management and has offices around the globe in the Americas, Asia, Australia and Europe.  (Source: Wikipedia)  Robert Lind, the company’s European economist says, “There is mounting evidence that near-term momentum is building in the global economy and the cycle appears to be self-sustaining, particularly with respect to Europe.  The synchronization of global growth has raised the possibility that the cycle can be stronger for longer.”

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28Mar
More Tax Tidbits
Taxes

If you or anyone you know suffered losses from Hurricanes Harvey or Irma, check out Rev. Proc. 1018-09 for guidelines regarding the acceptable amount of loss you can take.  The $10,000 cap for deducting state and local income taxes in 2018 is causing a flurry of activity. Many states are working to create ways around the cap.

Here is a provision in the new law getting very little “press”. I think it is very important and want to be sure you understand it.  Under previous law, inflation was measured by the consumer price index for all urban consumers. This is called CPI-U.

This is being replaced with Chained CPI.

Here are the differences:

  • CPI-U measures the cost of goods and services consumed by a “typical urban household”.
  • Chained CPI assumes that if a particular good or service becomes too expensive, consumers will seek a less expensive alternative.

The result is that Chained CPI grows more slowly than CPI-U.   This means that the eligibility for certain inflation-linked deductions and credits will grow more slowly in the future.

Interesting!

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

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21Mar
The Future of Retail
Economy

Chances are you know there is a sea change going on in the retail industry. But you may not realize how far and how fast the online tide is rising. Singularity University founder Peter Diamandis invites you to recall the powerful retail networks created by Sears, J.C. Penney and Macy’s. Since 2006, the stock value of Sears has fallen from $14.3 billion to $300 million—a 98% drop.

Over the same time period, JCPenney’s stock value fell from $18.1 billion to $1.2 billion (-94%) and Macy’s, worth $24.2 billion in 2006, is now worth $9.3 billion (a 62% drop). Less dramatic but still significant price declines can be found at Kohl’s (-54%), Nordstrom (-28%), Best Buy (25%) and Target (-20%). Diamandis notes that in 2017, over 6,700 physical stores closed their doors.

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13Mar
How to Argue… and Live!
Couples

While the title of the original article referenced for this blog is “How to Argue” and cites what I hope you will find to be interesting information, I also think the content is relevant to “How to Live”.  If each of us would release the position of “Both sides are assuming that the other person is ignorant of the facts, and try to provide the facts they think are missing – to a person who believes he or she has superior facts, and therefore is not likely to be convinced”… and replace it with “We can always learn from one another”, our life perspective suddenly changes for the positive!

Here is the original article:

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08Mar
How Grandparents Can Help Contribute to Their Grandchildren’s Education
College Planning

Click Here to read an article from Forbes that I believe you will find of interest.  As always, I welcome your comments and/or questions.

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

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28Feb
I Wish
Economy

How many times have you heard someone say, “I only wish I could find a reliable plumber/electrician/handy person/mechanic/painter…”

With the incredible obsession for everyone to get a four-year college degree, the United States has lost the honor which once anchored the apprentice program in our country. In other words, we need people who are great at “building and fixing things.”

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