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Category: Newsletter

Q3 Letter From the President

By Lineweaver Financial Group
July 10, 2017 Category • Letter From The President, LFG, Newsletter, 2017

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!

The Year in Review: 2016 Market Summary

By Lineweaver Financial Group
January 12, 2017 Category • 1st Quarter, Newsletter, Market Review, 2016 Market, Market Update

Its difficult to predict the market over the short term, and 2016 has proven that point. Here are a few things that surprised the markets this year. Interest rates remain mainly unchanged for the year. In December 2015 the Fed increased interest rates for the first time in 9 years, and indicated plans to raise rates slowly in 2016. Due to concerns about less than robust economic growth, rates have remained at historic lows. Only post-election have interest rate sensitive sectors moved in response to anticipated rate increases in 2017. Late year rising bond yields during the quarter resulted in outright declines in bond-proxy sectors, such as utilities, staples, and real estate. In 2015 the China stock market declined, setting off global market declines and a return to volatility, but by late year that was all behind us or so we thought. 2016 started with another steep sell-off in the Chinese stock market which in turn caused global markets to sell off. World markets also tumbled after

Letter From the President: Winter 2017

By Lineweaver Financial Group
January 12, 2017 Category • Letter From The President, LFG, Newsletter, 2017

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

Economic Commentary: Winter 2017

By Lineweaver Financial Group
January 12, 2017 Category • Economic Commentary, Winter 2017, Newsletter, Lineweaver

In many ways, 2016 has proven to be predictably unpredictable as highly covered events and predictions have not met up with outcomes (a few examples: Growth concerns in China, Fed uncertainty, Global slowdown fears, and Brexit). Q4 proved to be no different with the surprise election outcome of President-elect Donald Trump, and continued shifts in the political landscape abroad. Optimism about the incoming administrations plans for fiscal stimulus through reduced taxes and increased infrastructure spending, along with a move toward deregulation in the financial industry, seemed to drive sentiment for Q4. This positive sentiment was the primary driver of outperformance in the financial and industrial sectors, the expectation of nationalistic trade policies weighed on EM Equities, while positive sentiment surrounding U.S. equities drove investors out of Treasury and into U.S. equities, sending the yield on the 10-year Treasury Note to 2.37%. Some key highlights over the quarter: According

Healthwatch: Winter 2017

By Lineweaver Financial Group
January 12, 2017 Category • Healthwatch, Lineweaver, Newsletter

In a Japanese study that examined how to make the most of a nap, people who took a coffee napconsuming about 200 milligrams of caffeine (the amount in one to two cups of coffee) and then immediately taking a 20-minute restfelt more alert and performed better on computer tests than those who only took a nap. Why does this work? A 20-minute nap ends just as the caffeine kicks in and clears the brain of a molecule called adenosine, maximizing alertness. Adenosine is a by-product of wakefulness and activity, says Allen Towfigh, MD, medical director of New York Neurology Sleep Medicine. As adenosine levels increase, we become more fatigued. Napping clears out the adenosine and, when combined with caffeine, an adenosine-blocker, further reduces its effects and amplifies the effects of the nap. To read the full article, please go to Health.com.

Letter From the President - Fall 2016

By Lineweaver Financial Group
October 11, 2016 Category • Letter From The President, LFG, Newsletter, 2016

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

Economic Commentary - Fall 2016

By Lineweaver Financial Group
October 11, 2016 Category • Economic Commentary, Fall 2016, Newsletter, Lineweaver

For many, the end-of-summer months of July, August and September brings warmer weather, vacation and time with family. At the end of Q3, investors were treated to some calm as light trading activity was met with modest gains across stocks and the Fed decided not to change rates on September 22nd. Despite volatility through the first half of the year, Q3 brought much needed positive economic data, job growth and increases to investor sentiment. Some key highlights over the quarter: Investors were encouraged by a solid upturn in US housing construction, driven in part by continued improvement in the job market. Late in the month, the US Commerce Department announced that new home sales had surged 12.4% in July and reached a nine-year high. International stocks rose during the quarter, as investors shifted towards equities given the low interest rate environment. Global financials, though, rallied during the month as uncertainty around Brexit eased and bank share prices began to rebound

2016 Tax Planning and Updates

By Lineweaver Financial Group
October 11, 2016 Category • Tax Planning, Newsletter, Q3, Lineweaver

There are some proven tax planning tips that can be applied each and every year. They are highly effective and proven to minimize your tax bill. Here is a brief highlight of the tax planning maneuvers you should be considering for 2016: 1)Defer Income: Income is taxed in the year it is received. Consider deferring year-end bonuses from employers to 2017 if that income will place you in a higher tax bracket in 2016. If you are self-employed, you may consider delaying billings until late December so that the payments are not received until 2017. Also consider accelerating income into 2016 if you will be in a lower tax bracket in the current tax year. 2)Charitable Deductions: You may wish to consider donating appreciated property (stocks or property) in lieu of cash. You achieve the double tax benefit of deducting the contributed asset at Fair Market Value and avoiding paying the capital gains tax on the built-up appreciation. 3)HSA: Consider setting up and contributing to a Health Savings

Healthwatch

By Lineweaver Financial Group
October 11, 2016 Category • Healthwatch, Lineweaver, Newsletter

New Brain Training Technique Used at the Olympics This years summer Olympics in Rio gave way to a brand new form of fitness. Halo Sport, a set of headphones designed to stimulate the brains motor cortex, was used by several of the athletes who competed in this years games. The company behind this invention, Halo Neuroscience, compare it to the way good nutrition supports a healthy body and strong muscles. Click the link below to see the full article, as well as a video of the Olympic athletes who used it and their reactions. http://www.labroots.com/trending/neuroscience/3905/brain-training-olympics

Avoiding Phishing Scams

By Lineweaver Financial Group
July 11, 2016 Category • Newsletter

Did you know, according to the Radicati Group, a technology market research firm, the average person sends and receives over 100 emails per day? We use email more and more each day for coupon codes to our favorite stores and restaurant reservations--as well as the transmittal of sensitive information, such as banking and credit card information. If youre not careful with your email, you could fall prey to phishing scams. Phishing scams are attempts to acquire sensitive information, such as usernames, passwords, credit card details, social security numbers, bank account numbers, etc. Those behind the scams design fake websites with the look and feel of legitimate websites in an attempt to lure you to input your information. If you receive an email that asks you for personal information from a source that should already have that information, the best thing you can do is NOT click on any links and call the company the email appears to be from. Dont use any numbers provided in the questionable

Brexit and It's Impact on You

By Lineweaver Financial Group
July 11, 2016 Category • Newsletter, Brexit Update

One thing we have all learned is that the markets do not like uncertainty. While we think the impact of Brexit for U.S. investors is negligible, the uncertainty surrounding Brexit could be with us for a while. Brexit is more of a political event than economic centered around dissatisfaction with EU imposed immigration policies. Economic effect will be limited here. U.S. stocks are driven by domestic economic outlook and corporate earnings. Globalization has helped our economy grow; in reality our economy is more closely linked to domestic growth vs. global growth. Consumer spending is the biggest driver of our economy, rounded out by government spending and private investment, leaving only a small share to net exports. This is in sharp contrast to other economies. Our thought is that there will not be more damage to U.S. stock prices than has already been done, and that has already fully reversed. We do expect greater weakness in European stocks. U.S. bond yields are down even further

Letter from the President- Summer 2016

By Lineweaver Financial Group
July 11, 2016 Category • Newsletter, Letter From The President

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

Gifts Could Expose Children or Grandchildren to the Kiddie Tax

By Lineweaver Financial Group
July 11, 2016 Category • Newsletter, Tax, Gifting

We are all familiar with the rules about gifting to children and grandchildren- the $14,000 per person per recipient annual limits, but often overlooked are other potential consequences. Accumulated gift can expose kids to the kiddie tax. Congress enacted the kiddie tax in 1986 to prevent people from putting assets in their childrens names to avoid taxes, as children often have far lower tax rates than their parents. Under the rules, a childs unearned investment income, such as dividends, interest, and capital gains above $2,100 in 2016 is taxed at the parents top rate. So if the parents dividends are taxable at 23.8%, the childs dividends are as well, even if the childs rate would otherwise be 0%. Originally the kiddie tax applied to children under age 14. Over time lawmakers have expanded it to cover virtually all children under 19 and many who are older, including full-time students up to age 24 if they can be claimed as dependents on a parents return. Under the rules, the first

Economic Commentary- Summer 2016

By Lineweaver Financial Group
July 11, 2016 Category • Newsletter, Economic Commentary

As Q2 comes to a close, the SP 500 continued its positive momentum from Q1, posting a +1.8% gain in May. Despite global flare-ups, the US economy continues to grow and investors were pleased with signs of resilience as most asset classes were able to post positive returns over the period. Some key highlights over the quarter: - As the U.S. approaches full employment, it is no surprise that the pace of jobs growth is slowing. Wages have also been rising, which should help consumer spending. Should productivity levels improve, this would have a positive effect on wages and corporate profits. - U.S. stocks reached a 10-month high in June as the Federal Reserve decided not to raise rates at this time. - International stocks slipped into negative territory in May, ending a rally that began in late February. The Eurozone, Asia, and emerging markets, as measured by MSCI indexes, declined amid weak metals prices, lower manufacturing output, and a slumping energy sector due to oversupply and

LFG Service Day at the Greater Cleveland Foodbank

By Lineweaver Financial Group
April 11, 2016 Category • Service Day, Harvest For Hunger, Newsletter

As many of you know, LFG collects canned goods for the Harvest for Hunger campaign. Thanks to our many generous clients, so far during the 2015-2016 campaign LFG has donated over 7,100 meals to the hungry in our community, between food and monetary donations! In addition to our ongoing support of Harvest for Hunger, the LFG team recently spent a morning volunteering at the Greater Cleveland Foodbank. Our first task was to pack weekend bags for children who are on the free and reduced lunch program throughout the area. These bags included cereal, graham crackers, fruit pouches, peanut butter and jelly, mac and cheese, milk, and apple juice. These bags are given to the children on Fridays after school to help supplement their food over the weekend. Our next project was to take 800 pound bags of corn flakes and scoop them into 2 pound portions. Not only did we get through one of these bags- we got through five! We had a great morning working together as a team to help serve our community

Economic Commentary- Spring 2016

By Lineweaver Financial Group
April 11, 2016 Category • Economic Commentary, Newsletter

Since its low of 1,810, the SP 500 has surged, rising more than 200 points in less than a month and erasing losses from earlier in the year. Despite recent gains, many investors remain skeptical about the prospects for stock prices. In some ways, conditions have improved over the past month. U.S. economic data look more solid, worries about China have faded and global monetary policy is more accommodative. On the other hand, valuations now look less compelling, corporate revenues are under pressure and it is uncertain how long the oil price rally can continue unabated. For the time being, we think risk assets will continue to be buffeted by the multiple factors, especially policy changes from Central Banks around the world. Most recently, the European Central Bank (ECB) cut three of its key interest rates, while the Federal Reserve in the U.S. has postponed, for now, raising U.S. rates. We are living in a world in which the financial markets are highly influenced by Central Banks. It

Letter from the President-Spring 2016

By Lineweaver Financial Group
April 11, 2016 Category • Letter From The President, Newsletter

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%

Is Your Estate Plan Up to Date?

By Lineweaver Financial Group
April 11, 2016 Category • Estate Planning, Education Programs, Newsletter

Prepare for the Inevitable Theres a saying that goes something like this.When you are dead, you dont know you are dead. It is difficult only for the others. When you pass away, it will be difficult for family members to deal with. Do not make it more difficult by not having your affairs in order. That is not the legacy you would like to leave.a mess someone else had to clean up. The decisions you make now about where your assets go after your death can affect peoples lives profoundly. If you dont have the proper plans in place, chances are things will not go as you think. Transfers of your assets could be stressful, complicated, expensive, and create unnecessary taxes. Most people avoid thinking about, let alone planning for, their death. And yet making arrangements can be a liberating experience. Relieving your families of the burden of having to do it for you is also a demonstration of consideration, kindness and love. Estate-planning advice often revolves around the choice and creation

Letter from the President- Winter 2016

By Lineweaver Financial Group
January 07, 2016 Category • Letter From The President, Newsletter

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,

Elimination of Social Security Planning Strategies

By Lineweaver Financial Group
January 07, 2016 Category • Newsletter, Social Security, Social Security Planning

If you plan on filing for Social Security in 2016 benefits, you need to be aware of these changes. At age 62, if someone is eligible, they are entitled to retirement benefits under Social Security, albeit a reduced benefit. Additionally, if they are married, they might be entitled to a spousal benefit based on their spouses retirement benefit. If a person files for benefits from age 62 until full retirement age, it will be considered a deemed filing. You were automatically deemed to have filed both for your retirement benefit and for a spousal benefit even if you didnt want to, at which point you must collect both the spousal and retirement benefits with Social Security paying only the larger of the two benefits. This deemed filing rule stopped immediately at ones full retirement age, creating a loophole which allowed couples to utilize a strategy called file and suspend. File and suspend is a strategy used by married couples to simultaneously generate a benefit check from Social Security

Market Commentary- Winter 2016

By Lineweaver Financial Group
January 07, 2016 Category • Market Commentary, Newsletter

The most anticipated financial question of 2015 was finally answered in December. The Federal Reserve said that it would raise short-term interest rates for the first time since the financial crisis. It raised the benchmark interest rate by 0.25 percentage points, to a range of 0.25% to 0.5%. You can look at this as a vote of confidence in the strength of the American economy at a time when much of the rest of the global economy is struggling. For a year that was supposed to be characterized by accelerating growth in the world economy, 2015 was slow to get out of the starting blocks. So instead of the global economy growing by half a percentage point more than in 2014, the outcome has been largely the same. This disappointing result partly reflects another poor first-half performance in the US. Looking ahead to 2016 There are many unknowns as we head into 2016, such as the pace of potential Federal Reserve rate hikes, whether other central banks will unleash more quantitative easing

1099s and K-1s- When to Expect Them

By Lineweaver Financial Group
January 07, 2016 Category • Tax, Newsletter

Below is a table of common forms, the reasons you would receive them, and when you can expect these forms. Form You Should Receive This Form If: When Should You Expect This Form? 1099-R: Distributions from Pensions, Annuities, Retirement or Profit Sharing Plans, IRAs, Insurance Contracts, etc You received $10 or more from your IRA or one of the other sources of retirement income. After February 1, 2016 1099-B You sold stocks, mutual funds, bonds, or other securities in a non-IRA account After February 16, 2016 1099-DIV: Dividends and Distributions You own a stock or mutual fund that pays dividends. After February 1, 2016 1099-INT: Interest Income You have a checking, savings, or other bank account that earns interest After February 1, 2016 If you have not received the 1099s you expected by the middle of February, feel free to call our office and well be happy to assist you! Also keep in mind, the deadline for S-Corp companies

2015Q3 Market Commentary

By Lineweaver Financial Group
October 12, 2015 Category • Market Commentary, Newsletter

As the third quarter of 2015 winds down, there are a number of questions on investors minds. Did the Fed postpone raising interest rates because they are concerned about the global economy? Will slowing growth in China have a ripple effect on the rest of the world? Does the recent stock market selloff represent a typical correction (decline) of 10-12%, or does it portend something more sinister? Will the Browns have a winning season? With stock market volatility recently reaching its highest level since the financial crisis, investors are understandably questioning what the outlook is for U.S. stocks in 2015 and beyond. While we dont believe the recent volatility represents the start of a new bear market, caution is still warranted. Over the last couple of months, we have noticed elevated risk levels in the markets that are historically consistent with potential weakness in stock prices. Consequently, our cash (money market) levels have been temporarily higher than normal. That

Letter from The President- Fall 2015

By Lineweaver Financial Group
October 12, 2015 Category • Letter From The President, Newsletter, Education Programs

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

2016 Presidential Election- Federal Tax Reform

By Lineweaver Financial Group
October 12, 2015 Category • Tax, Newsletter, Education Programs

It has been an interesting campaign season thus far with many hopeful candidates throwing their hats into the presidential ring. Throughout the last few months, candidates from both parties have put tax policy at the center of their platforms. All of the candidates promise that their version of tax reform will make the federal tax system simpler, fairer, and better for the economy. This article will attempt to explain the basic differences in the three types of federal tax reform being debated by the candidates. The three types of tax policies we will discuss are: 1) our current tax system, 2) a Flat Tax system, 3) a national sales tax system also known as FairTax. Each of the candidates has his or her spin on either changing our current system or implementing a Flat Tax or FairTax. Our objective is to make you aware of the basics of each system so that you may apply that understanding to each of the candidates specific tax reform plans. Our current system is known as a progressive income

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