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Wow! Looks like summer will soon be coming to an end (although you wouldn't know it by the weather). The kids are back in school this week, so traffic will get back to normal, which is not good! For those of you wondering, Matt & Kelly really enjoyed their Alaskan cruise at the beginning of last month. It was a trip of a lifetime for them.
As always, the retirement planning business is constantly changing. The Department of Labor fiduciary ruling recently passed will turn the retirement planning business on its ear if it proceeds as planned! Simply put, the DOL is requiring that anyone giving investment advice on qualified plans (401k's, IRA's, etc.) must be a fiduciary. That means that many insurance-only agents and stock brokers will no longer be able to give investment advice on qualified plans unless they become an Investment Advisor Representative under a Registered Investment Advisor. Becoming an IAR/RIA (for those who aren't already) will require additional study, testing, and certification to meet the fiduciary standard that will be in force starting April 2017 for all qualified accounts. That's a very big deal folks, and you'll be hearing more about it in the news as April nears. So, ask yourself if your current advisor is an IAR held to the fiduciary standard. If not, ask why. It's going to be important moving forward.
SPECIAL INVITATION - We are doing a new workshop topic at Epic Chophouse on Wednesday 9/7 & Tuesday 9/13 - both events will start at 6:00pm. The title of the event is "Annuities: Fact v. Fiction - The Truth about Annuities". It will be a brief educational presentation on annuities followed by an open conversation and Q&A session. Annuities are the most misunderstood financial vehicle out there, and there is so much misinformation on annuity products that it's difficult for consumers to sort through it all to make a truly educated decision. With baby boomers retiring in large numbers, annuities are all the rage, but are they right for you? And if so, what kind should you use and how does it fit into your overall portfolio? Don't settle for hype and misinformation. Come prepared to ask questions and learn if annuities are right for you. Spots are filling up, so just call or email Matt if you'd like to attend, 704-660-0214. Dinner will be served following the event. Reservations are required to attend, so be sure to let us know if you're interested.
Enjoy this month's articles, and we'll be back at you next month.
And, as always, remember - The purpose of the money dictates where you put it.
Until Next Month,
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How to Get a Tax Free Retirement
Lake Norman Magazine, September 2016
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As most folks know in the Lake Norman area, JDS Wealth Management helps folks plan for retirement with a focus on asset preservation, safe growth, and guaranteed lifetime income strategies. These strategies usually consist of a blend of investments, savings, life insurance, and annuities. We usually focus on working with people 55 years of age and older, but this month I wanted to spend a little time with the younger folks out there - between ages 30-45. Why? Because this age group may be missing out on the best kept secret in the retirement planning industry!
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Hitting Home runs
GFPC Thought for the Week (401)
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Synopsis
*Several stocks experience catastrophic losses at some point, and many never recover.
* Despite so many stocks delivering investors such bad losses, the overall equity market is up dramatically since 1980.
* Diversification is the only way to reap the rewards from "home run" stocks without owning all of the risk.
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Here We Go Again
GFPC Thought for the Week (400)
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Synopsis
*All three major U.S. stock indexes have hit concurrent all-time highs over the past two weeks, which has caused many pundits to issue fresh warnings.
* Markets don't fall for the sole reason that they have hit new highs, and historical data tends to support this notion.
* The real risk to an investment plan is changing it due to short-term concerns.
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All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer.
All investments carry some risk and you should be advised by your personal financial advidor before implementing any strategies discussed, as they are not suitable for everyone. James D. Stillman is an Investment Advisor Representative of JDS Wealth Management Corporation and Global Financial Private Capital.
JDS Wealth Management Corporation's outgoing and incoming e-mails are electronically archived and subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through e-mail. We cannot ensure the security of information e-mailed over the Internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer."
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