May Newsletter - REVISION
May 1st, 2019
Captain's Log


Summer is right around the corner and things are buzzing along between tax season wrapping up and school getting ready to let out soon. A late Easter this year has everybody scrambling to get ready for the impending summer vacation season that's quickly approaching. Despite being caught up in the end-of-school whir, it's still crucial to be sure you're taking adequate time to plan for your financial future. 

This month's The Wealth Report - "Anticipating a Boom in Wealth Transfers" - touches on something that can actually bridge several of our key areas of retirement planning. While the discussion of wealth transfer easily brings to mind the importance of legacy/estate planning, it also addresses some risks that a properly developed retirement plan can easily mitigate. If you're not covering your bases the right way, then there may not be much left to transfer when it comes down to it. 

For some this is a big deal and others it's hardly a concern, but in any case, you should have a solid retirement plan to give you some clarity about what your retirement years may hold. Our Chart Your Course retirement planning system covers the five key areas of retirement planning - income, investments, healthcare, taxes, and legacy planning. If you're having doubts about whether you're set up to succeed in retirement, then give us a call.

If  there is anything we can assist you with, then just let us know.  And, as always, remember -  The purpose of the money dictates where you put it.  

Until Next Month,
Jim's signature
  James D. Stillman
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The Wealth Report:

Anticipating a Boom  in Wealth Transfers
(Article Link Corrected)

Baby boomers, the demographic born between 1946 and 1964, are the wealthiest generation in history. As they continue to age, a major wealth transfer is expected as they pass accumulated assets on to heirs.

According to Vanguard, 96 percent of equities owned by baby boomers are concentrated among the wealthiest 20 percent. This is because high net worth households tend to earn more than they spend, so equity portfolios can be left to grow unfettered by distributions for things like buying a home, funding college, or paying for a wedding. 

The latest long-running bull run - which celebrated its 10-year anniversary on March 9, 2019 - has added to the wealth of boomers in or approaching retirement. While recovery from the 2008 economic recession was slow, the sluggish page precipitated considerable aid from the Federal Reserve and contributed to steady growth in the stock markets. 

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 advisor 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 AE Wealth Management. 

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