In This Issue:

Kelly S. Olson Pedersen, 
7825 Washington Ave., Suite 625
Bloomington, MN 55439
Main Line: 952-777-2270
Expect more from your financial advisor.
CAISSA Spotlight: Meet Julie
For this month's spotlight, we're profiling our Director of Financial Planning Julie Betchwars, CFP®, who has been a part of our team since 2014.
What is your role at CAISSA?
As the director of financial planning, I work with our clients to help them envision their financial lives from where they are now out to what we call their "end of plan." There will be many goals and milestones met along the way - like having children, helping those children (or grandchildren) through school, creating your "paycheck" for retirement and providing for our loved ones in case we hit potholes rather than milestones. We identify potential risks and offer solutions. But not only do we offer potential solutions, we also help you execute. You can put together a fabulous financial plan or estate plan, but if you don't put it into action, it will fail. We help our clients take action.
What gets you excited about your work?
Have you heard the saying "look before you leap?" Good advice, right? Ten thousand baby boomers turn 65 each day, and a large percentage of them are afraid to "look" and instead just take the leap. In my opinion, knowledge is power, and if I know the facts I can figure out a set of options. I get excited about finding those solutions. Will someone's portfolio provide income through retirement? What can I do to make it work? So, give me a set of investment statements, a tax return, social security statements and some pay stubs and I can put together a pretty good projection of what someone's retirement plan might look like. Of course there are lots of variables, many levers we can pull to either make it work or show you the "torpedoes" that might derail your plan. But planning is what is important - don't just take the leap.
How do you pass the time when you're not in the office?
From spring through fall, it is all about going to my cabin in Crosslake, Minnesota, with my family and friends. We boat, fish, kayak, ride bikes and just enjoy the outdoors. There's nothing like a beautiful day out on the lake with the sun making the water sparkle, listening to the loons and experiencing all that nature has to offer. I also enjoy gardening, quilting, crocheting (still determined to learn how to knit) and reading a good book.
China's Response to U.S. Tariffs
This month, the markets were sent reeling following news that China would raise tariff rates on $60 billion worth of U.S. items. 

Investment 101: Asset Classes and Blended Benchmarks
Asset allocation is a commonly used term in our industry. It is very meaningful to us as advisors as the fundamental base of investment planning.  However, the terminology is not always well understood by others not in the business. 

Some of the more typical questions we get are "What's the difference between large-cap and mid-cap?" and "What do you mean by blended benchmark?"

  A Look at the Great Recession Recovery
Being anxious when the market dips is understandable...after all, nobody wants to have their financial plan derailed. That's why the first tranche (or section of retirement cash flow) of our Tranches of Income process supplies seven years of income. 

CAISSA Wealth Strategies
7825 Washington Ave., Suite 625
Bloomington, MN 55439
Main Line: 952-777-2270

Expect more from your financial advisor.