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Financial Focus

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Market Commentary—2019 (and late 2018) in Review Thumbnail

Market Commentary—2019 (and late 2018) in Review

Although uncertainties remain, we do not see a recession looming and believe there are plenty of positive developments in the global economy and financial markets that argue for remaining invested in risk assets. We see opportunities in companies that are innovating and disrupting their industries. We also believe valuations in the international arena, and the value portion of the economy are becoming more compelling.

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The SECURE Act Has Passed: What Does it Mean for Your Retirement? Thumbnail

The SECURE Act Has Passed: What Does it Mean for Your Retirement?

The SECURE Act is a sweeping bill with several adjustments to our current laws surrounding saving and preparing for retirement. The SECURE Act is poised to provide more part-time workers with the opportunity to participate in an employer-sponsored 401(k) plan, adjust the age caps on traditional IRAs and increase access to tax-advantaged retirement savings accounts. Below we’re outlining the most prominent changes of this new act and how they may affect your own retirement.

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The Illusion of Knowledge Thumbnail

The Illusion of Knowledge

In the field of wealth management, we are no stranger to friends, clients, and prospective clients sharing with us about their theories of what is going to happen next. Often, these ideas, opinions, or guesses are presented as facts. As Mark Twain said, “it ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Whether the outcome of the next election, the movement of a currency, or describing the way a wristwatch works, it’s best to avoid painting things with such certainty. It’s wiser to instead look at them in probabilistic terms. An unbiased, objective advocate on your side for quality of life and financial decisions should lead to a higher quality of life and better long-term decision making. After all, knowledge is a community effort and the collective wisdom of a team usually exceeds that of a single individual.

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Market Commentary, November 2019 Thumbnail

Market Commentary, November 2019

Even though growth is slowing around the world, there seem to be less immediate concerns regarding future growth trends. Not only has sentiment around global trade improved, but The Federal Reserve shifted its tone, saying that the “current stance is likely to remain appropriate.” Given that The Fed seems reasonably content with the Fed Funds rate in the current range of 1.50%-1.75%, we believe that the Fed will only change rates (up or down) if there is a material difference in the outlook. To this end, with the increased probability that the Fed will hold through 2020, the backdrop for risk assets has shown signs of improvement.

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Financial Planning for a CCRC Thumbnail

Financial Planning for a CCRC

Three-quarters of Americans would prefer to “age in place” and stay in their homes as long as possible. But less than half believe they will be able to, according to a recent AARP study. Some retirees can update and modify their homes so they can remain there longer. But many eventually pursue options such as age-restricted neighborhoods and retirement facilities. An increasingly popular option is a Continuing Care Retirement Community or CCRC. And while the price tag can be steep, advance financial planning for a CCRC can help.

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Forecasting—More Art or Science? Thumbnail

Forecasting—More Art or Science?

Many people from all walks of life seem to enjoy reading articles or listening to shows where “experts” forecast the future. Predicting what will happen in the future is one of those basic human behaviors that seem so appealing. Who wouldn’t want to invest 10 minutes of their time to listen to an expert who, in that small timeframe, will provide the audience with some ingenious piece of information that will allow them to get rich quick?

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