One of my favorite things about summers past, especially when the kids were young, was a tradition that my father-in-law started. At the beginning of each summer, hed take pictures of the kids on vacation, having fun, or just lounging around at home. At the end of the summer, hed make a little book out of it and give it to Kathy and me. I still have all those books! These are a few of my favorites of us as a family. I hope that you and your family have something fun planned this summer, and that youll take the time to make (and capture) a few memories of your own!
For a lot of people, 2016 was a challenging year. Following a year of contentious rhetoric on the primary campaign trail, the presidential election was perhaps even more divisive. We lost music icons Prince, David Bowie, and Leonard Cohen. Even Brad and Angelina - the epitome of the Hollywood love story gone right - announced that they would part ways. For a lot of people, 2016 was a challenging year. Following a year of contentious rhetoric on the primary campaign trail, the presidential election was perhaps even more divisive. We lost music icons Prince, David Bowie, and Leonard Cohen. Even Brad and Angelina - the epitome of the Hollywood love story gone right - announced that they would part ways. On a personal note, time is flying for the Lineweaver family. We sent our oldest daughter off to college at the Farmers School of Business at Miami of Ohio. She is actively pursuing a finance degree (I cant imagine where she came up with that idea) with a minor in entrepreneurship. She made
The Department of Labor has new rules which go into effect in April, 2017. The Fiduciary Rule requires retirement advisors to adhere to a fiduciary standard, putting the best interests of their clients first rather than their own. The new rule expands the types of retirement investment advice covered by fiduciary rules to include IRAs for the first time Previously brokers and advisors were held to a less rigid standard, and could recommend products that put their own profits ahead of the best interests of their clients. The revised Fiduciary Rule will require retirement brokers to be more accountable for the advice they provide to their clients, making sustainable retirement income more likely for many retirees. The important point is that as a fiduciary, we are required to act in the best interest of our clients. This means that any advice and recommendations must be driven by what is best for you and cannot be influenced by any other considerations. The fiduciary standard also requires
Remember the old adage no news is good news? I find myself turning off the radio and TV sometimes because there is too much news, and unfortunately the media seems fixated on reporting the sad and tragic events in our society with little mention of the good around us. One of the most memorable stories I heard come out during the presidential nomination campaigns was of a kindergarten teacher. She commented that what she tries to teach her kindergartners is exactly the opposite she sees coming from the candidates. Sad but true. If you think rhetoric of presidential election has been harsh just wait. Things will probably get worse as the party conventions close and the election gets closer. In my opinion it is unnecessary and only adds to concerns about the market and the economy moving forward. Dont be surprised if the market volatility increases as the rhetoric heats up. We think the volatility will pass will pass in time. You may not like either candidate, but try and remain positive
I guess if we were to say anything about this Presidential Election season, it is has certainly been far from bland. Lets not say more than that! As we head into the home stretch of the primaries and toward both the Cleveland Republican National Convention and then on to the November election, I thought it might be interesting to take a look at how the stock market has fared in previous election years. First, I think we can all see that the discord in both parties has lead to general anxiety which has spilled over to the stock market. The elections, along with the possibility of a couple of rate increases by the Fed, are adding to investors level of uncertainty and increasing volatility which is likely to continue for the foreseeable future. Since 1900, stocks have gained 9.5% in an election year, compared with gains of 4.0% in the midterm year and 11.3% in the pre-election year. During the first year of the four-year term election cycle, the SP 500 posted its weakest returns- 3.4%
I want to start this letter by expressing my sincere appreciation for the trust you have placed in Lineweaver Financial Group in helping you and your family manage your financial affairs and help prepare you financially for the future. The staff treasures your trust and will continue to address your needs with their highest priority. It is our desire to continue to improve both the level of service and the investment planning process we provide you as clients. We appreciate your involvement in 2015 in that endeavor. We started the year announcing two steps that required your help. We created Lineweaver Wealth Advisors (LWA), becoming our own Registered Investment Advisor. As our own RIA, we now have consolidated some operations that had been administered externally, internalized greater control of the investment process, and provided a platform for enhanced client service, among other initiatives. Along those lines, we have already begun utilizing social media- Facebook, our LFG blog,
It wont be long and you will see squirrels scurrying around the back yard gathering nuts to get them through what could be a long cold winter. While we dont need to gather nuts to help us through our retirement years, we had better gather the financial assets to give us security that we will be able to maintain our lifestyle without having to move in with our kids. How much do we need to save, and how much have we saved? According to the National Institute on Retirement Security, 45 percent of working-age households have no retirement savings at all. Among people 55 to 64, average household retirement savings total only $12,000. For those near retirement who have savings, the average balance is $100,000 still not much money to finance the next 20 to 30 years. How much we need to save depends on our anticipated living expenses, our retirement income from outside sources, like Social Security and pensions, and our expected longevity. The answer to that question is different for each of