October 2019 -- Issue #25
A Word from the CEO

Welcome back from the holidays! I hope the Hagim were meaningful and inspiring.

In recognition of National Retirement Security Week (October 20-26, 2019), I'd like to address our plan participants at the early stages of their career. Most of our younger members acknowledge the importance of saving for retirement but many express difficulty finding the funds to get started. The article, "6 Financial Planning Tips for Millennials," offers practical ideas that allow you to break through the barriers to retirement saving.

This issue of the Financial Pulse also includes information about the cost of living adjustments planned for those paying into and collecting Social Security as well as an article from the JRB's investment consultant, Cammack Retirement Group, on the prospects of a recession. Remember that the best defense against a recession is a well-diversified portfolio.

Finally, keep your eye open for the Fall Israel Bonds Offering in early November.

I hope these articles provide useful food for thought. Please don't hesitate to contact the JRB if you have questions about them or other issues related to financial planning and retirement. You can reach us by email or call us at 888-JRB-FREE (572-3733).

6 Financial Planning Tips
for Millennials
You know it's important to save for retirement, but the money just doesn't seem to be there. These 6 tips can get you over the hump.
Social Security Administration
Announces 1.6% COLA
The Social Security Administration announced a 1.6% Cost of Living Adjustment (COLA) in 2020 benefits. Social Security also increased the maximum wages subject to Social Security taxes.
Probability of a Recession in the Next 12 Months Is Rising
While U.S. growth has been remarkably resilient, a probability model used by the New York Fed to calculate the odds of a recession in the next 12 months has risen substantially.
Israel Bonds Offering
Coming in November
Invest in Israel. Honor a fund drive pledge. Diversify your portfolio.

Watch Your Email for Details
October 29 — Sherman Oaks, CA at the Courtyard Los Angeles Sherman Oaks, 15433 Ventura Blvd. Schedule an appointment.

October 30 — Bel-Air, CA at The Ziegler School at the American Jewish University, 15600 Mulholland Drive. Schedule an appointment.

Make an appointment to speak with Mitch to discuss how to achieve your financial and retirement goals.
This information is for general purposes only and does not constitute legal, tax, or investment advice.