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Captain's Log
I hope everyone had a great Fourth of July weekend! Hopefully you stayed safe and made it out with all of your fingers.
Last month we mentioned that we had an exciting announcement coming, and we even gave you a hint with one of the featured articles. Those of you with a keen eye may have already figured it out, but we are excited to announce that we have a new team on the wealth management side of our firm. After much due diligence and deliberation, we have decided to partner with
AE Wealth Management and
Sterling Capital Management. These two firms are working hard to stay ahead of the curve when it comes to the way we manage invested money for our client family, from a portfolio management perspective, as well as from a technological standpoint.
Sterling Capital Management is actually right here in Charlotte, and they've been managing money for large institutions for decades. Through their partnership with AE Wealth Management, we are proud to be able to make their expertise and skill accessible to the families we work with. Sterling Capital has developed a series of core portfolios that are available only to AE Wealth Management advisors. We feel that Sterling's process for developing and continually monitoring portfolios is second-to-none. Let us know if you'd like to learn more about Sterling Capital and AE Wealth Management.
Another new change we're excited to announce is a new risk analysis tool called
Riskalyze. Riskalyze takes risk analysis and portfolio alignment to the next level. We've all typically been accustomed to being labeled "conservative", "moderate", "aggressive", etc when it comes to how much risk we can tolerate in our portfolios. Riskalyze allows us to refine those labels down to an actual Risk Number between 1-99, so it is far more accurate. Each individual or couple will have their own personal Risk Number.
Each stock, bond, mutual fund, and ETF will also have its own Risk Number. These numbers allow us to analyze your current investments to see if they line up with your Risk Number. Often times we see that the investments people are in do not align with their actual risk tolerance. With Riskalyze, we can build portfolios that balance out to your personal Risk Number, so your investments have a higher probability of performing within your comfort zone.
Click here to learn more about Riskalyze. We have a series of three videos on our website that explain how and why Riskalyze works. There's even a button right above the videos that you can click ("What's Your Risk Number") to complete your own risk questionnaire to find out your personal Risk Number. If you'd like us to analyze your current investments to see where they fall in relation to your Risk Number, then we can gather some additional documentation and go from there.
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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Tune In To
Our Radio Show
Saturday
10:00-10:30am
&
Wednesday
8:00-8:30am
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Chart Your Course to Retirement: Five Key Areas of Retirement Planning
By James D. Stillman
July 2017
I wanted to touch base this month on the five key areas to think about when planning for retirement. Kelly and I regularly discuss this on our radio show, as well as at our educational workshop events. This month I thought I'd also put it in print. Now, there are certainly more than just five things to be aware of when it comes to retirement planning, but these are at the top of the list, in our opinion. Our Chart Your Course to Retirement planning process is actually built around these concepts.
1. Income Planning
- Your income will dictate the retirement lifestyle you get to live. We always talk about two types of income:guaranteed income and "maybe income". Things like Social Security, fully funded pensions, CD's, government bonds, and annuities would be considered sources of guaranteed income, while just about everything else would fall into the "maybe income" category. The first thing we tackle when putting together a retirement plan is income, because we think it's really the most important piece. If you don't have a solid income plan, then you don't have a solid retirement plan.
2. Investment Planning
- As you grow older, you have less & less time to recover from losses. Investing is without a doubt a good way to attain long term growth, but at some point, it's wise to take a portion of the money and protect it. Asset preservation should become more of a priority as we grow older. The older you are, the more you should protect.
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The Wealth Report:
June 8th 2017
Tax Reform: What's On The Docket
Overview
The United States' current corporate federal and state combined tax rate
of about 39 percent is significantly higher than just about every other
country in the world. Most countries tax only the revenues earned within
their borders. The U.S., on the other hand, taxes a wider base of income
by levying taxes on all revenues no matter where they are earned
throughout the world.
As we have transitioned to a largely global economy over the past 15
years, this disadvantage has become more prevalent. The higher tax
obligation makes it harder for American corporations to compete on the
international market and provides an incentive for them to legally change
their domicile to another country - a process called inversion.
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JDS Client Corner
On June 19th, our family said goodbye to our sweet boy Kit at the ripe old age of 18. Kit came into our lives 16 years ago and quickly grew from "Porch Cat" to a full fledged member of the family. He was vocal, smart, and a champion ice cube hockey goalie. After an 8 month battle with renal failure, it was time for Kit to cross the Rainbow Bridge and be at peace. Our hearts are broken, but we want to take our loss as an opportunity to do good for other animals who don't have the luxury of a home and family. We are going to be making a donation to the Humane Society of Lake Norman in honor of Kit's memory. We will be collecting donations through July 31st.
or contact us for alternate instructions.
Meet Buddy & Kyia
Kit's passing has allowed our family the ability to bring two new furry family members home. Buddy & Kyia lost their owner
and had been in the care of a foster ever since. We are happy to give them their forever home and to be able to keep them together for the rest of their days. We're still getting to know them, but they are adjusting well to their new surroundings. Kyia is shy, but affectionate and Buddy is as curious as they come.
We will feature pictures and stories from our valued clients as well as our family in this section each month.
If you'd like to be featured in next month's Client Corner,
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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 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 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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