June Newsletter
June 5th, 2019
Captain's Log


Summer is here! We hope everyone had a great Memorial Day holiday! We'll keep the introduction short this month, because we know everybody has their brain switched to vacation mode and we won't have your focus for too long. 

This month's The Wealth Report - "Advice for Your Recent College Graduate" - touches on something a little different than our usual topics. The article highlights some important steps that the recent college grads in your life - whether that be children or grandchildren - can take in order to get a good start with their careers and financial well being. It's never to early to start planning for your future, but so many don't know where to begin. So, if you've got any grads in your life, then they might benefit from some of the advice the article shares. 

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

Medicare Planning Note

Another thing we want to highlight this month is the fact that Kelly can help any of you that are turning 65 (or retiring and coming off of group coverage) with Medicare planning. We've had several clients lately mention that they're feeling overwhelmed with all the junk they're getting in the mail regarding signing up for Medicare and supplemental coverage. We do offer Medicare planning at JDS, but don't often advertise this, so we've realized that people don't even know that we can help. Kelly is contracted with several companies and is more than happy to help you wade through the steps of Medicare planning. Just let her know and she'll send you some good information to get you started. 
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The Wealth Report:

Advice for Your Recent College Graduate

During the economic decline of the recession, many households struggled as one or both breadwinners lost jobs. Even workers who managed to survive corporate layoffs suffered through years with little to no salary increases. Unfortunately, these circumstances resulted in reduced savings and many households stopped investing for retirement and college. 

This means many children of that era eventually paid their own way through college, racking up loads of debt along the way. Now, upon graduating, they're starting out adult life "underwater" in terms of their debt-to-income ratio. Among recent college grads (age 21 to 24), 79% have student loans they have to pay back. The average debt burden is $33,000. 

That's a heavy load to carry when trying to climb up a corporate ladder. Rather than focusing on growing wealth or saving to avoid similar predicaments for future generations, the No. 1 goal for 94% of millenials now is to become debt-free. The following are ways to help your recent college graduate find his or her financial footing and develop successful money management habits. 

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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