MONTH-2-MONTH is intended to provide you with updates on AFP and timely financial planning and investment information on a variety of topics. 

If you find our content useful, please forward this e-mail to a friend.
A Time for Renewal
The start of spring can bring a renewed sense of purpose and rejuvenation. What better time than spring to regroup and recommit to making healthy choices? Now that the weather is getting nicer, commit to spending more time outside. Outdoor exercise is not only good for your physical health, but your mental health as well. Spring also brings farmers markets with fresh fruit and vegetables. Incorporating locally sourced fresh produce into your diet is not only good for you, but good for your community as well.

  • Covid Policy Update We are now hosting in-person meetings with clients that have been fully vaccinated with a booster shot. We will continue to conduct meetings via Zoom as well for those clients that prefer it. Please make sure to indicate your preference for either a Zoom or an in-person meeting when scheduling.

  • AFP Website Webinars Page – The webinars page on our website is now up and running. You can view our February webinar on Required Minimum Distributions on this page, and all future webinars will be posted here as well. Click here to view.

  • AFP March Webinar – The AFP March Webinar will be held next Friday at noon (March 25th) and the topic is Financial Planning Through the Ages. This webinar will cover key financial planning milestones as you age. The webinar will be hosted using Zoom and due to the limited size of Zoom meetings, the webinar links will only be sent to those who confirm their attendance ahead of time. We'll send a reminder email on Tuesday, March 22nd and the Zoom link will be sent out on Friday morning. If you would like to attend, please either reply to this newsletter or to the webinar email you were sent previously. If you know anyone who would like to attend or could benefit from this information, we encourage you to pass along this newsletter or the webinar email to them.

  • Spring Client Program – We are looking to host a program in late May. If you have any ideas or suggestions, please pass them along to us. We welcome your thoughts and input.

  • 25 Years – Our firm is in its 25th year of providing advisory services and we wouldn't exist without our remarkable clients. Thank you all! Stay tuned for news about a 25th anniversary celebration later this year.

  • Cybersecurity Alert – Please make sure that you do not send emails with personal information in them. This includes tax, financial, and banking information. Emails are not secure and your information could be intercepted, possibly leading to identity theft.

  • Update on Schwab's Acquisition of TD Ameritrade – We have recently learned that the conversion for our clients from TD Ameritrade to Schwab will occur sometime next year, 2023, between April - September. However, AFP will be starting their conversion, internally, this summer. We do know that account numbers will be changing from 9 digits to 8 digits and the transition will not require signing new account forms. We will be providing you additional information in the second half of this year to get familiar with and ready for this transition.

  • Orion Portal Reminder – If you cannot access your Orion Portal, contact Tracey to request a password reset. The Orion Portal requires a password reset every 4 months (120 days) and becomes Inactive after 8 months (240 days).
Click below to read our March 2022 Blog edition.

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
It’s amazing how much can happen in a month. The weather has been such a tease and I’ve been taking advantage of it when I can. We have hiked 2 Metro Parks; Clear Creek and Glacier. One very wet and icy and the other super windy. My new garage was able to be painted, right before it snowed again, and now it’s time to put the area around the garage back together.

We attended the Short North Rotary annual "Music in the Round" of local artists and last weekend saw “Beautiful” The Carol King Musical. Both were excellent and it felt so good to be around other people. After a few weeks of delays, I was able to go ice skating with 2 of my grandsons who are taking lessons at OSU. I used to skate a lot in my earlier days, so I didn’t want to miss the chance of doing this with them. 
Ice skating with the grandkids.
Garage update
+ What About Bob
The longer days, warmer temps, and some sprouting flowers of March are such welcome signs that spring is on its way. Unfortunately, Ohio weather isn’t that simple. I’m thinking we are in for one more snow. So I’m not taking my driveway reflectors down just yet, as temping as it is!

Team Franz bought a camper earlier this month. We are in the process of getting it equipped with all of the necessities and some fun extras. Hopefully, she’ll be making her maiden voyage in the not too distant future. I’m envisioning a post-tax season weekend get-a-way! 
Layla’s volleyball season is going well. She has had a few weekend tournaments and her team did well in each of them. 

Grandchild Update:

Lowell is starting to walk! He is still a bit hesitant and tends to sit when he realizes what it is happening but he is making great progress and it won’t be long before Ashley is chasing after him.

Logan continues to grow like crazy and is such a pistol! He is such an independent youngster and has quite the mind of his own.

Brittany is doing well and on the home stretch to her due date of April 11th. 
Team Franz new mobile headquarters
+ Tracey's Time
Tracey is off on vacation this week traveling across America with her family. She will be back in the office on March 21st.
Artist's rendering of Guthrie family vacation.
+ Erik's Exploits
The past month has been relatively quiet. Aside from going to a couple of Blue Jackets games, not much of note took place. The games in question weren’t noteworthy either as we managed to lose both.

I did have a chance to see The Batman last week and really enjoyed it. It was a nice change of pace from the over the top, joke filled films that Disney/Marvel crank out every year. Robert Pattinson cemented himself as one of the best interpretations of Batman in film.
Current Economic and Investment Information
STOCKS AND INFLATION – During the 16 highest inflation years over the last 100 years, i.e., 1922-2021, the S&P 500 has been “up” 8 years and “down” 8 years. The index’s average return for all 16 years is a gain of +3.9% per year (total return). The S&P 500 consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock's weight in the index proportionate to its market value. The “Consumer Price Index” was used as the inflation benchmark (source: BTN Research).

FIRST OF MANY – The Federal Reserve is widely expected to raise short-term interest rates this Wednesday (3/16/2022), in what would be its first rate hike since 12/19/2018. The rate hike on 12/19/2018 was the Fed’s 8th rate increase implemented over a 2-year period that began on 12/14/2016 (source: Federal Reserve).

LESS THAN WHAT YOU THINK The average single family home in the United States has appreciated just +4.7% per year over the 25 years from 12/31/1996 to 12/31/2021 (source: Federal Housing Finance Agency).

READY FOR CHANGE – 27.1 million Americans moved last year, 8.4% of the US population. That’s the lowest percentage of Americans that reported living at a different residence based on an annual survey conducted since 1948. Of the 27.1 million movers in 2021, just 4.4 million people moved out-of-state. 25 years earlier (1996), 16.3% of Americans moved in the prior 12 months (source: Census Bureau).

THE AVERAGE WORKER – Average hourly earnings in the private sector (nonfarm) reached $31.58 an hour as of 2/28/2022, up +5.1% on a year-over-year basis. 10 years earlier (2/29/2012), average hourly earnings in the private sector were $23.27 an hour (source: Bureau of Labor Statistics).

WORKING FULL TIME – The number of Americans with full-time jobs peaked at 152.5 million as of 2/29/2020 (pre-pandemic), fell to 130.5 million as of 4/30/2020, and has since rebounded to 150.4 million as of 2/28/2022 (source: Bureau of Labor Statistics).

MAXED OUT Only 8.5% of workers who have access to an employer-sponsored defined contribution plan, e.g., 401(k) plan, contribute the maximum amount permitted by law (source: Congressional Research Service).

EDUCATION 62% of American adults have received education beyond high school, including adults with some college credits all the way to those adults who have earned a doctoral degree (source: Census Bureau).

HIGHEST PRICE FOR CRUDE OIL US consumers imported $29.7 billion of goods from Russia in 2021. US consumers imported $506.4 billion of goods from China in 2021 (source: Department of Commerce).

IMPORTS FROM RUSSIA AND CHINA Inflation, as measured by the “Consumer Price Index” (CPI), was up +7.0% in 2021 after rising just +1.4% in 2020. The +7.0% annual inflation was the highest calendar year inflation since 1981 and was the highest year-over-year inflation since June 1982 (source: Department of Labor).

CRYPTO – President Joe Biden signed an executive order on Wednesday 3/09/2022 that sets in motion the research and development of an American “Central Bank Digital Currency” (CBDC). 19% of US small businesses expect to offer cryptocurrencies as a payment option in 2022 (source: White House).
Power Parity & Burger Inflation

Invented by The Economist in 1986, the Big Mac Index is a lighthearted way to demonstrate the concept of purchasing power parity.

Click here to view the full article.
Russian Invasion of Ukraine
Off Ramps for Russia and Markets

By Garrett Melson, CFA
Source: Natixis Investment Managers
There is an ongoing humanitarian crisis in Ukraine as the Russian military invades and destroys more and more of the country each day. Images of the destruction and the invasion’s impact on the Ukrainian people are shown daily on news and social media. Over the past few months, markets the world over have been impacted as we begin to realize our reliance on goods and services from Eastern European countries.

This “scenarios” report was recently shared with us and we wanted to share it with you too. These insights on possible outcomes from the current crisis in Ukraine are provided by portfolio strategists at Natixis Investments. Please keep in mind that this article was written earlier in the week. Events in Ukraine may have changed since it was published.

Click here to continue reading this article.
Should You Buy Your Child a Home?
Parent's Guide to Helping Your Kids Own a Home

Source: Rocket Mortgage
When the time comes for your child to start a life on their own, you may want to help them make that jump. You aren’t alone, because according to the National Association of Realtors (NAR), 23% of those 37 and younger used a gift and 6% used a loan from family or friends to purchase their home. There are various ways parents can help out. Maybe it’s through giving sage home buying advice, spending your time helping them research or helping out financially through lending, co-signing or buying a house with your child.

Whatever the case may be, we want to help guide you through this process to ensure that you set up yourself (and your child) for financial success. Parents who help out are giving their kids an average of $39,000 to buy a home and putting their own retirement at risk in the process.

Click here to continue reading this article.
Inherited IRA Rule Changes
New Tax Rules Force Faster Payouts
for Some IRA Holders
The rules on inherited retirement accounts are getting less generous - and more complicated.

By Laura Saunders
Source: The Wall Street Journal
It used to be that Americans with tax-favored retirement plans focused mainly on how to get money into them. Now, savers are more and more concerned with how much must be withdrawn, and when—including at death or after.

“Virtually all affluent families—as opposed to very wealthy ones—now have significant assets in retirement plans, and it’s essential to focus on them when doing estate planning,” says Natalie Choate, an attorney in Wellesley, Mass., who specializes in retirement plans.

Total assets in traditional and Roth individual retirement accounts, 401(k)s and similar tax-sheltered retirement vehicles grew to $22 trillion in 2020 from $3 trillion in 1995, according to the Investment Company Institute.

Click here to continue reading this article.

“The beautiful spring came; and when Nature resumes her loveliness, the human soul is apt to revive also.”

- Harriet Ann Jacobs
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.