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Taking Stock in the New Year

As 2022 begins to fade into our collective memory, it’s worth pausing to take stock before diving headfirst into 2023. Too often people criticize themselves for not achieving all of their goals and fail to acknowledge the good times along the way. So reflect on the good things from 2022 and we hope your 2023 is filled with many more!


  • AFP January Webinar – With 2 key tax law changes in 2022, AFP will be hosting, 'The Best Tax Webinar Ever with Rob Mackey', next Friday, January 27th at noon via Zoom. Would you like to attend?  Let Erik know at edanielson@afp-advisors.comWebinar links will only be sent next Friday morning to those who confirm their attendance ahead of time. If you know anyone who would like to attend or could benefit from this information, please pass along the webinar email to them.

  • Construction Heads Up – At the end of January, Grandview Heights Schools will be demolishing the old middle school across the street from our building and making many other significant changes as well.

  • TD Ameritrade 1099 Forms TD Ameritrade 1099-R forms are now available for download at The Consolidated 1099 will be available on February 24th. If you have opted out of electronic statement delivery, expect these documents in your mailbox after the dates listed above.

Click below to read our January 2023 Blog edition.

Declutter Your Digital Life in the New Year

We would enjoy receiving your feedback on our Blog. Please share any comments or suggestions for future topics with us via email.

+ Teri's World

For me, a new year often begins with reflecting on the past so I can look forward. I also try to identify what is working (keep), what is not working (get rid of), and what I would like to change or add. I have kept this list over the years and it is interesting to see what I have written down. Beyond my thought-provoking list, there are a lot of work-related tasks that need to be attended to in January. I have been spending more time, with Rubi, in the office. Tucker’s torn ligament surgery on 12/28 went well and we are into the 6 weeks of rehab. He wore his cone of shame well for 3 weeks before getting the green light to take it off this week. My son and I resumed our Metro Park weekend hikes and we have hiked (walked) the Quarry and Three Creeks. The Quarry still needs some trails completed but it was surprising to see what is all there – waterfalls, a snow hill, a cemetery dating back to 1812, and a zipline! Three Creeks is great for dogs so Gene came with us and we took the puppies, Rubi and Ella, on this one.

+ Nathan's Notes

This past month we enjoyed the Christmas holiday while also fighting with COVID in our house. While I was able to avoid it, all three girls managed to get the virus shortly before Christmas. Although it put a bit of a damper on the holiday, we were still able to enjoy our time together. We received a number of board games this year, so we’ve enjoyed playing Monopoly, Ticket to Ride, Mouse Trap, and of course Pretty, Pretty Princess these past few weeks.

Ellie started her basketball season in the new year with two wins. She’s second on her team with 16 points so far, and the entire team is steadily improving individually and as a team.

+ Tracey's Time

New Year, new plans and opportunities. January is by far is my busiest at AFP due to quarter and year-end reporting. Andy and I have been putting off some home-work due to building material costs. Andy has started work to refresh our basement rec. room with new paint, lighting, and flooring. The work leads the way to some needed breaks throughout the year.

Once the chores are complete, we will embark on our 2023 adventures. This year we will be visiting South Carolina. Another West trip is in the works but via a different route than as before. Lastly, an opportunity to visit Barcelona, Spain is on our schedule. I’m already working to regain my Spanish speaking skills. I am excited for 2023 to unfold with plans still in the works. If you are feeling inspired, plan an adventure all your own. The location and duration don’t matter but starting the process does. 

+ Erik's Exploits

January has proven to be a drag so far. My brother managed to pass on another cold to me, the third one since September. This cold has managed to be the worst of them and I spent the last couple weeks dealing with its effects. This is pretty uncharted territory for me as I can't remember a time in my life where I've been sick more than once or twice in a year. Fortunately I'm finally on the other side of it and I was feeling good enough to attend a Jackets game earlier this week. Although unfortunately, they looked about as lifeless out on the ice as I felt while I was sick.

Current Economic and Investment Information

DO GAINS FOLLOW LOSSES? – Since 1928, the S&P has traded higher in the year 

after a down year 70% of the time. In the year after an up year, the S&P has been higher 66% of the time. (source: Bespoke)  

WHERE THERE'S A WILL – Despite its importance in order to ensure the smooth settlement of one’s estate, a 2022 study found that two-thirds of Americans do not have a will. Of those with a high school diploma or less, only 26% have a will, but among even those with post-graduate degrees, only 54% have a will.(source:

THREE CHEERS FOR THE THIRD YEAR – Since 1928, the S&P 500’s average performance in the third year of a President’s four-year term has been a gain of 13.5% with gains 83% of the time. That’s more than twice the average performance of any of the three other years in the 4-year Presidential Election cycle. (source: Bespoke)

TRUCKS RUNNING ON EMPTY – According to the monthly Logistics Managers’ Index, Transportation Utilization fell into contraction territory in December for the first time since April 2020, while Transportation Prices fell the furthest into contraction territory in the six-year history of the survey.(source: Logistics Managers' Index)

The European Energy Crisis

When properly maintained, well-built cars can last an impressive amount of miles.

Consider this 2006 Honda Civic, which hit one million miles on its original engine and transmission. Amusingly, the car’s odometer maxes out at 999,999 miles.

While that case may be an extreme outlier, most modern cars are expected to last 200,000 miles before experiencing some significant failure. That’s roughly double the lifespan of cars from the 1960s and 1970s, which typically lasted about 100,000 miles.

In this infographic, we used data from iSeeCars to determine which cars are the most likely to reach⁠— or even surpass⁠—the 200,000 mile benchmark.

Click here to view the source.


Retirement & Inflation

How to Keep Your Retirement on Track When

Inflation is Up and the Market is Down

By Andrew Welsch

Source: Barron's

Retirees and investors on the cusp of retirement are under stress this year. Inflation has spiked to multidecade highs, stocks have tumbled, and bonds—a haven in normal times—have slumped. The traditional portfolio consisting of 60% stocks and 40% bonds has had one of its worst years in a century.

No wonder retirement investors are so gloomy. Americans say they need $1.25 million to retire comfortably, a 20% jump from 2021, according to a recent Northwestern Mutual poll. A mid-November Fidelity report finds the average 401(k) balance has fallen 23% this year to $97,200. Not surprisingly, a majority of high-net-worth investors now expect to work longer than they had originally planned, a Natixis survey finds.

“Retirees are feeling the pressure,” says Dave Goodsell, executive director of the Natixis Center for Investor Insight. “Prices are going up, and the cost of living is a real factor.”

Click here to continue reading this article.

Knowing When to Walk Away

When is it Time to Retire?

Readers (and I) Want to Know

For anyone who's unsure about when to retire, says the columnist, think about retirement

as a privilege that shouldn't be wasted.

By Glenn Ruffenach

Source: The Wall Street Journal

How do you know when it’s time to retire? A great question. And one that I’m coming to grips with myself. But more on that in a moment.

There is, of course, no single, correct answer, especially when the idea of retirement itself has been turned on its head. Only a generation or two ago, most Americans entered later life in much the same way. You collected a gold watch between ages 62 and 65. You cashed your monthly pension checks (remember pensions?), spent a dozen years or so at play, and then waited for your final boarding pass.

Today, many people “retire”—and immediately take a part-time job, or throw themselves into volunteer work. Others embrace a new career entirely. Ask a person today in their mid-60s and older if they’re retired and, more often than not, the answer is: “Sort of.” That’s what I did when I “retired” from my full-time job at The Wall Street Journal. I immediately started writing this column, which meant I was, at best, sort of retired.

Click here to continue reading this article.


“The best is yet to come.”

- Frank Sinatra

Alexander Financial Planning
1621 W. First Avenue
Grandview Heights, OH 43212

Registered Investment Advisor
This material is distributed by Alexander Financial Planning, Inc., (AFPI) and is for information purposes only. Although information has been obtained from sources we believe to be reliable, we do not guarantee its accuracy. It is provided with the understanding that no fiduciary relationship exists because of this report. Opinions expressed in this report are not necessarily the opinions of AFPI and are subject to change without notice. AFPI assumes no liability for the interpretation or use of this report. Financial planning, investment conclusions, and strategies suggested in this report may not be suitable for all investors and consultation with a qualified advisor is recommended prior to executing any investment strategy. No portion of this writing should be construed as legal or accounting advice. All rights reserved.
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