11Apr
Are You Ready for Disturbing Survey Results About Single Women and Financial Advisors?
Investing
Part Two of a Three-Part Series

If you have not read my previous blog, “An Overdue Apology to Women”, you might find it helpful because it is applicable to this blog as well.

The first piece focused on how women clients are often discounted in the relationship with the financial advisor.  It resulted in my apologizing on behalf of the industry to anyone who has experienced this type of discriminatory treatment.

While this blog continues on the same theme, the focus is now on the single woman as opposed to a member of a couple.

This includes the population of women who simply choose to remain single as well as those who may be divorced.

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07Apr
An Overdue Apology to Women
Blogs / Articles
Part One of a Three-Part Series

While the topic of this blog focuses on women, I am writing it to be read by both genders.

Why?

Because, as we all know, the woman in a marriage typically outlives her husband.  It is also true that, in general, a single woman has an extended longevity compared to a single man.
(Source: Vanguard, “Plan for a Long Retirement

Statistics reveal that 70% of the time a widow chooses a new financial advisor within weeks of her husband’s passing.  (Source: CNBC, “For Some Widows, Breaking up with an Advisor is Easy to Do”, Ilana Polyak, 10/11/14).

Why does this happen?  Among others, here are some of the reasons given:

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30Mar
4 Key Ingredients for Successful Style Investing
Blogs / Articles

Click Here for interesting, timely articles from Oppenheimer Funds including:

  • Sector Valuations
  • Pres. Trump’s Pro-Growth Policies
  • Earnings
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28Mar
What Keeps You Up at Night?
Blogs / Articles
There can be many answers to the question ranging from “my health, my kids, my grandkids, our currently divided country, how to afford the cost of education, the rising cost of health care”, to name only a few.  I want to share an interview with Richard Orlando.

Orlando is CEO of Legacy Capitals, and Ned Dane of the Oppenheimer Family of Funds asks the questions.

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22Mar
Special Client Appreciation Event – May 17, 2017
News and Events

You and a guest are cordially invited to a special event!

Michael McClary, Chief Investment Officer for Valmark Advisers, Inc. and Lead Portfolio Manager for The Optimized Portfolio System (TOPS) will be our guest speaker for this spring event!  Michael, entertaining and engaging, will provide important insights on the topic of “What to expect in the way of new legislation and policies from the Trump administration” and perhaps more importantly, how investment portfolios need to be positioned.

Michael will focus on current topics impacting investment strategies for both retirees and pre-retirees.   Please keep this in mind as you think about whom to invite as your guest.

We are providing two opportunities on May 17th – Please choose the one most convenient for you.

Location:

Cooper Creek Event Center

4040 Cooper Road, Blue Ash, Ohio  45241
(corner of Cooper and Plainfield)

Plated Luncheon
11:30 AM – 1:00 PM 
Evening Reception

5:00 – 6:00 PM Appetizers and Drinks

6:00 – 7:00 PM Guest Speaker

Please R.S.V.P. to Steve Read at 513-605-2500 ext. 214 or steve.read@resonatecompanies.com

by May 11th, 2017.

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21Mar
The Smart Use of Robo-Advisors
Investing

Robo-advisors create the opportunity for automated investment services.  While many investors incorrectly assume that “all robo advisors are created equal,” on April 15, 2016 in the Investor Junkie, Larry Ludwig shows that is not the case.

You have a choice between:

  • Minimum Deposit – Some firms you can start out with nothing and others require sizable amounts to start with
  • Annual Fees – Be aware of hidden costs and ETF fees
  • Asset Allocation – Asset allocation can vary quite a bit based upon your age, and the way you answer their risk assessment questions.
  • Account Type Support – No firm can manage a 401(k) directly, but some do offer guidance in investment selection.
  • Automation – Some services are 100% automated vs human assisted advice.
  • Tax Optimization – Services like Tax-Loss Harvesting.
  • Custody of Funds – Managed by you in which they give trading advice, or directly by the firm.
  • Management of Assets – Manage all your assets or just a portion.
  • End-Goal – Retirement only, or other goals (i.e. college education).

The author goes on to point out that the fees listed due not always include the fees from the recommended exchange-traded funds (ETF’s).

While Resonate is committed to staying current and competitive through technology, we also suggest that the smart use of Robo-Advisers is to “allow them to do what they do best” while acknowledging what they cannot replace.

We find that great technology combined with the opportunity for personal connection creates best results. For example, what happens when any of the following life events occur?

  • “Mom has just been diagnosed with Alzheimer’s… what do we do now?”
  • “I have an offer for early retirement complete with a severance package and need help understanding it.”
  • “My husband was just seriously injured in a car accident. How will we able to afford to keep the house?”
  • “We are trying to decide whether to lease or buy our next car. Can you help?”
  • “Dad just passed unexpectedly from a heart attack.  We have no idea what to do next.”

This is where compassionate understanding combined with professional competence and the human connection is truly irreplaceable.

We welcome the opportunity to share a cup of coffee and conversation with you.

 

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

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14Mar
HSA Account Owners Beware!
Health Care Costs

The interaction among employer-sponsored health plans, Medicare and health savings accounts (HSAs) is increasingly complex.

Many Americans become eligible for Medicare at age 65.

The exception to the rule is if someone is 65 and still covered under his or her own employer-sponsored health care or that of a spouse.

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09Mar
Tax Reform 2017
Taxes

Click Here for an interesting article posted by CCH Tax News.

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07Mar
China in the News
Economy

Have You Noticed How Much China Is in the News Lately?

If we turn the calendar back to January and February 2016, the U.S. stock market saw one of its worst annual starts in history.  China, with the currency and stock market that was quickly moving downward, caused much of the setback in the United States markets.  This is because China’s enormity and its global economic importance have moved this country ahead of the United States in its influence over world markets.

This premise was confirmed when, later in the year, the U.S. market righted itself at the same time that the Chinese markets rebounded.

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03Mar
Which One of Three Retirement Income Strategies is Right for You?
Investing
(The source for much of the material in this short blog is taken from the November 1, 2016 “Journal of Investment Consulting”. The article is entitled, “An Overview of Retirement Income Strategies”, written by Michael Finke, PhD, CFP © and David Blanchette, CFA ©, CFP ©.)

Gains in medical science or environmental improvements can result in added longevity for all retirees.  This means that all retirees could face a retirement time horizon that ranges anywhere from about 10 to about 40 years.

This essentially leaves the retiree with three primary choices about how to create retirement income:

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