Savvy Social Security Planning

By Lineweaver Financial Group
September 06, 2018 Category: Social Security, Financial Planning, Lineweaver

Savvy Social Security Planning: What Baby Boomers Need to Know to Maximize Retirement Income What you need to know before you apply for Social Security benefits. When should someone start collecting Social Security benefits? The answer is that there is no one best age for everyone and, ultimately, it is your choice. You should make an informed decision about when to apply for benefits based on your individual and family circumstances. We dont know what the future holds, but Social Security is likely to continue as a source of some retirement income for baby boomers. From a planning perspective, any assumptions made about the impact of Social Security on retirement should be conservative. An individuals full retirement age (FRA) is the age when he or she qualifies to receive the entire or full Social Security retirement benefit based on his or her earnings history. This age varies based on when he or she was born Everyone who is qualified to receive Social Security retirement benefits

What is a Financial Quarterback, and Why Do I Need One?

By Lineweaver Financial Group
August 23, 2018 Category: Financial Quarterback, Lineweaver

In our increasingly complex financial world, its important to discuss the need to have an overall coordinated approach when it comes to financial affairs. Think of 11 players going onto the football field, and hiking the ball without taking the time to get into a huddle and have the quarterback call the play. The chances of these guys getting into the end zone are slim. Without overall coordination of your financial affairs, getting into the financial end zone may be difficult for you as well. Most people dont think of all their advisors as a team, but its important to recognize that most of us already have a financial team; we are getting financial advice from a variety of sources. Your financial team is comprised of your different insurance agents, your CPA or tax preparer, your bank, any investment advisors with whom you are working, and your estate planning attorney. Everyone has a financial team, and they all need a Financial Quarterback. Lets look at some potential pitfalls of

5 Ways to Benefit from Rising Interest Rates

By Lineweaver Financial Group
August 09, 2018 Category: Bonds, Rising Interest Rates, Finance

After the most recent interest rate increase in June, the Federal Reserve has signaled that it is likely to continue raising interest rates this year, possibly even as often as once per quarter. In fact, fear that interest rates may rise faster than previously predicted has caused some volatility in the markets. Bond investors have been concerned about this for years, but this time it looks like its going to happen. Warren Buffet said, in his latest shareholder letter, that Often, high-grade bonds in an investment portfolio increase its risk. That can be true, but then, we dont all have Warren Buffets net worth to fall back on! That may have you wondering how can I take advantage of rising interest rates? And, generally speaking, bond yields go down as interest rates increase. But remember, while bonds may decline in value, their moves tend to be smaller compared to other securities. Many investors are flooding into U.S. Treasury bonds, making the so-called flight to quality, because

Q3 2018: Economic Commentary

By Lineweaver Financial Group
July 06, 2018 Category: Q3, 2018, Economic Commentary, Market Review

Global financial markets posted mixed results during the second quarter of 2018 as investors balanced strong earnings, an improving labor market and better economic growth here in the U.S. with political turmoil in Europe and deteriorating trade relations worldwide. We present a few highlights from the 2Q18 below: Despite heightened geopolitical rhetoric, the S P 500, the Dow Jones Industrial Average, and the technology-heavy Nasdaq Composite continued to trade near record highs amid positive economic data and strong corporate earnings. On the economic front, the Federal Reserve raised interest rates by 25 basis points in June to a range of 1.75% to 2%, and upgraded their assessment of U.S. economic growth. Consequently, the FOMC now anticipates raising interest rates four times in 2018. Developed international equity markets produced mixed results during the second quarter on political turmoil in Spain and Italy, and rising trade tensions with the U.S. Gains came out of Europe, while

HealthWatch: What Are Screens Doing to Our Eyes and Our Ability to See?

By Lineweaver Financial Group
July 06, 2018 Category: Healthwatch, Screens, Eye Strain, Newsletter

In todays society, if youre not sleeping, chances are youre looking at some type of screen. Whether its a computer monitor, a television, a handheld tablet, a GPS or our smartphones, we spend 10-14 hours a day staring at a screen. Many of us are familiar with the problems this can cause, such as headaches, dry eyes, eye muscle strain, and even blurred visionbut few of us know what can be done to correct it. The easiest thing to do would be to avoid screens as much as possible. However, for those of us who use our cellphones and computers every day for work, its impossible to avoid screen-time. So what are our options? One option is to adjust the brightness on your screen. Dr. Joshua Dunaief, a professor of ophthalmology at the University of Pennsylvanias Perelman School of Medicine also recommends shifting your screens color scheme away from blue and toward the yellow end of the spectrum. While some research has linked too much blue light exposure at night to insomnia, even daytime exposure

Letter From the President: Should You Take a Summer Vacation from Your Investments?

By Lineweaver Financial Group
July 06, 2018 Category: Letter From The President, Vacation From Investments

Theres an old saying youve probably heard that gets repeated every year in the spring and early summer that goes sell in May and go away. But is that good advice? Whats the best thing for you and your investments over the historically slower summer months? The phrase sell in May and go away is thought to originate from an old English saying, sell in May and go away, and come on back on St. Legers Day. This phrase refers to a custom of upper class aristocrats, traders and financiers who would leave London to spend the summer months in the country. Specifically, it refers to the St. Legers Stakes, a thoroughbred horse race held in mid-September. It turns out that the saying is based in solid analysis - From 1950 to around 2013, the Dow Jones Industrial Average has had an average return of only 0.3% during the May to October period, compared with an average gain of 7.5 percent during the November to April period, according to Forbes. But, since 2013 theres good reason to believe thats no

Do You Want Your In-laws to Inherit Your Money?

By Lineweaver Financial Group
July 06, 2018 Category: Q3 Newsletter, In Laws, Inheritance, Trusts, Bloodline Trust, Marital Trust

By Michael L. Solomon of Solomon, Steiner and Peck Most people think their will or trust provides that on their demise, that their assets pass to their children and if their children pass away the assets pass to their grandchildren. However, that only happens if your child dies before you. Hopefully, your children outlive you. If that happens, the typical will and trust have the money pass directly to your children immediately, or by the time they are a certain age. Either way, once the child inherits the money, it is governed by your childs will or trust, not yours. That means that upon your childs death, the assets will most likely pay to your son-in-law or daughter-in-law and may pass on their death to someone else, such as a new spouse. For some people that is fine, but for others it may not be what you want. Many people want the money to stay in the family. To do that you need what we call a Bloodline Trust. For example, let us say and husband and wife have an estate of $500,000

Should You Take a Summer Vacation From Your Investments?

By Lineweaver Financial Group
June 22, 2018 Category: Investments, Advice, Summer

Theres an old saying youve probably heard that gets repeated every year in the spring and early summer that goes Sell in May and Go Away. But is that good advice? Whats the best thing for you and your investments over the historically slower summer months? The phrase sell in May and go away is thought to originate from an old English saying, Sell in May and go away, and come on back on St. Legers Day (pronounced ledger). This phrase refers to acustom of upper class aristocrats, traders and financiers who wouldleave London to spend the summer months in the country. Specifically, it refers to the St. Legers Stakes, a thoroughbred horse race held in mid-September. It turns out that the saying is based in solid analysis - From 1950 to around 2013, theDow Jones Industrial Averagehas had an average return of only0.3% during the May to October period,compared with an average gain of 7.5 percent during the November to April period, according to Forbes. But, since 2013 theres good reason to

What is Cryptocurrency, and is it a Good Investment?

By Lineweaver Financial Group
June 05, 2018 Category: Cryptocurrency, Investment, Bitcoin

Why is there all of this talk about cryptocurrencies, and should we be listening? Bitcoin began 2017 worth $1,000 per coin, but closed the year at more than $19,000. Other so-called cryptocurrenciesdigital currency that is sent and received electronicallyare also soaring in value. There are over 1,000 cryptocurrencies in existence. The perceived value of one cryptocurrency over another is based on the notion that the holder of the digital currency gains exclusive access to a given type of blockchain technology, says Mark Williams (Questrom93), a Questrom School of Business master lecturer in finance and executive-in-residence. Blockchain uses a volunteer computer network, controlled by no one, to record cyber-currency transactions that while public, link to just an electronic address. Enthusiasts foresee blockchain technology being applied to stocks, bonds, contracts, and other assets. Some speculators view this as a lottery ticket, and if the market adopts your blockchain type, the

Helping You Stay Calm When the Market is NOT

By Lineweaver Financial Group
May 17, 2018 Category: Market Volatility, Investing

Investing and going it alone is easy when the markets are up, as they were last year. But its a different game when markets are volatile, as they have been this year, or when markets are down, as they definitely will be at some point in the future. We help our clients put these different stages of the market cycle in perspective. Who helps you? Our goal is the same as our clients; to develop a long term strategy and stay invested. That was easier said than done last quarter when the S P 500 dropped 10% in 11 days and then again 5% a month later. And, this quarter promises just as much excitement. Triggers for market volatility can come in many different shapes and sizespolicy uncertainty in Washington or Beijing, earnings reports, geopolitical unrest. And market swings can rattle even seasoned investors nerves. But volatility is part and parcel of investing. So put such uncertain times to good use as a motivator to help ensure your investment strategy aligns with your long-term goals,

Your Retirement Income and The New Trump Tax Plan

By Lineweaver Financial Group
April 26, 2018 Category: General

As many of you know, Congress has passed a sweeping overhaul to the U.S. tax code just a few months ago, the largest change to the U.S. tax code in 30 years. The new rules do not change long-term capital gains tax rates themselves for the 2018 tax year theyre 0%, 15% and 20%, the same as for 2017. But the thresholds have changed, as you can see below: 2018 Capital Gains Tax Rates Long-term capital gains tax rate Single Married, filing jointly Head of Household Married, filing separately 0% $0 to $38,600 $0 to $77,200 $0 to $51,700 $0 to $38,600 15% $38,601 to $425,800 $77,201 to $479,000 $51,701 to $452,400 $38,601 to $239,500 20% $425,801 or more $479,001 or more $452,401 or more $239,501 or more * Short-term capital gains are taxed as ordinary income. Essentially, that means if youre married and file jointly, and you can keep your income below $77,201 you will pay nothing in capital gains. Real Estate Tax Benefits Investment

What the New Trump Tax Law Means for Your Estate Plan

By Lineweaver Financial Group
April 02, 2018 Category: New Tax Law, Estate Planning, 529 Plans, Charitable Giving

When the Tax Cuts and Jobs Act of 2017 passed and was signed into law late last year, it was the most sweeping overhaul to the tax code in more than 30 years. While there are many estate planning strategies that have remained in place, this also opened the door to new opportunities, and so it may be wise to revisit your estate plan. Increased Limits on the Estate Tax The Tax Cut and Jobs Act temporarily doubles the exemption amount for estate, gift and generation-skipping taxes from the $5 million base, set in 2011, to a new $10 million base, good for tax years 2018 through 2025. The exemption is indexed for inflation, so an individual can shelter $11.2 million in assets from these taxes. Another federal estate law provision called portability lets couples who do proper planning double that exemption. So, a couple could exclude $22.4 million for 2018. The laws sunset provision means that, absent further Congressional action, the exemption amount would revert to the $5 million base, indexed. 529

Letter from The President Q2

By Lineweaver Financial Group
April 02, 2018 Category: Q2, Letter From The President, New Website, LFG

Keep an Eye Out for our New (and easy to use!) Website Many of our clients have been using our website for several years, and I know that many of you have come to count on it as a regular source of news, new and interesting resources, and a simple and secure way to access all of your accounts through our consolidated WealthTRAC Consolidated Reporting Platform. In an effort to consistently offer our clients and friends an updated and refined experience to better serve your needs, weve been spending some time updating our website over the last several months, and the new website will go live in the coming months. The new website will be better aligned with our clientele base, feature easy access to our newsletters, blog, Golden Opportunities Shows and other media appearances, and all of the client accounts that you have now. We have also taken this opportunity to narrow our focus, so that we can better serve you. Youll notice that the new site focuses on four segments, which all of our

Client Spotlight: Bruce Motko

By Lineweaver Financial Group
April 02, 2018 Category: Client Spotlight, Bruce Motko, Travel Tips, Travel

Lineweaver client Bruce Motko is a great believer in travel and traveling as reasonably as possible! When Bruce was last in, he shared some of these great travel tips, and we thought that many of our other clients would enjoy them as well. For the very frugal on airfare, Bruce says, try Spirit Airlines--known for its bare bones approach (you pay for everything) but savings can be substantial. If youre flexible and read all the fine print (ask someone who has flown Spirit) you can save money. He recommends you start by signing up (free) at to get weekly deals. You can join their $9 Fare Club, which costs $59.95 annually (and does, he notes, automatically renew if not canceled). While he concedes that there is a bit of up-front cost, he goes on to say that it pays for itself after one trip - plus gives the same discounts for everyone booked on your reservation. At the same time, he recommends applying for the Spirit Mastercard (which has no fees for the first year, and annual

Q2 2018: Economic Commentary

By Lineweaver Financial Group
April 02, 2018 Category: Q2 Newsletter, Economic Commentary, Markets

Global financial markets posted mixed results during the first quarter of 2018 amid a spike in volatility on concerns surrounding higher interest rates and rising inflation expectations. Meanwhile, the Trump Administrations tariff announcement on steel and aluminum led to heightened geopolitical tensions with several U.S. trading partners, sparking concerns of a trade war. We present a few highlights from 1Q18 below: U.S. equity markets sold off sharply in late January and early February, resulting in the first correction (10% drawdown) since early 2016. Stocks moved mostly higher for the remainder of the quarter in volatile and choppy trade, with large intra-day moves the norm. Despite the volatile environment, the SP 500, the Dow Jones Industrial Average and the technology-heavy Nasdaq Composite managed to hover near their all-time highs. On the economic front, preliminary estimates indicate fourth quarter GDP slowed slightly more than initially thought due to slower inventory growth.

HealthWatch: Drink Water to Feel Less Bloated

By Lineweaver Financial Group
April 02, 2018 Category: Healthwatch, Drink Water, Q2 Newsletter

When you feel bloated, drinking water sounds as if it would only make matters worse, but can often help, according to James Lee, MD, gastroenterologist with St. Joseph Hospital in Orange, California. Especially if youre on a high-fiber diet, for instance, your body will need more water to work more efficiently, says Dr. Lee. Water mixes with water soluble fiber and makes it into a gel-like substance. This affects the motility of the gut and reduces the symptom of bloating. Drinking more water can relieve bloating caused by dehydration. When youre dehydrated, your body clings to the water your body does have, causing you to puff up. So next time youre feeling a little bloated, reach for a drink! It may make you feel better. Source:

In Focus Tarriffs

By Lineweaver Financial Group
March 22, 2018 Category: Tariffs, Taxes, NAFTA, Trading

If 2017 lulled market participants to sleep, then the turbulent start to 2018 has been a wake-up call. Just when the dust seemed to settle on Februarys bout of market volatility, investors are now contemplating the impact of a proclamation authorized on March 9th to impose 25% and 10% import tariffs on steel and aluminum respectively. Canada and Mexico are temporarily excluded contingent upon renegotiation of the North American Free Trade Agreement (NAFTA). The President stressed flexibility to adjust tariffs for specific countries and left the door open to more tariffs. This is sure to be a fluid issue and will take time to play out. We will monitor the situation to assess reactions from U.S. trading partners. Key Points: President Trump has persistently concentrated on policies aimed to incentivize corporations to invest domestically. In January 2017, President-elect Trump proposed a Border Adjustment Tax (BAT) that was eventually scrapped. Four days after his inauguration, President

Avoiding Costly Mistakes with Your IRA Distributions

By Lineweaver Financial Group
February 21, 2018 Category: RMD, IRA, Distribution, Taxes

At age 70 you need to be aware of these rules. If you have retirement accounts, the IRS has allowed you to have assets growing in those accounts without paying income taxes on the income or gains. At age 70 , the IRS wants to begin taxing those accounts by making you take money out, whether you want to or not. Required Minimum Distributions (RMDs) are one of those facts of life that many dread, and that make life even more confusing and complicated. Lets try and reduce the confusion. For retirement account owners, the RMD rules apply to Traditional, SEP and SIMPLE IRAs, qualified plans like 401ks, 403(b) and governmental 457(b) accounts. The RMD rules do not apply to Roth IRA owners, but they do apply to Roth IRA beneficiaries. If a non-spouse inherits a Roth IRA, they are required to take RMDs no matter what their age is, just like the non-spouse beneficiary of all retirement accounts. A word of caution: if you inherit an IRA from someone other than your spouse, you must begin taking

How We Help Protect Your Portfolio in a Market Pullback

By Lineweaver Financial Group
February 07, 2018 Category: Market, Market Pullback, Reallocation

What Happened in the Markets This Past Week? After a period of historic market tranquility in 2017, a few weeks ago we reallocated and rebalanced our portfolios in order to provide greater opportunities and to help reduce risk going forward into 2018. With the rapidly changing market conditions of the last week, its more important than ever to be sure you are diversified, and properly balanced and allocated. Because we took a pro-active approach to managing our clients accounts, they are in a better position to weather the volatility that has been generally absent from the markets for the past year. On Monday, February 5th, the SP 500 Index and Dow Jones Industrial Average (DJIA) both fell more than 4%, marking the worst one-day percentage decline since August 2011. When combined with declines from last Friday, the last two trading sessions resulted in these indices falling more than 6%, bringing the indices back to levels as of mid-December 2017. Remarkably, the recent sell-off ends

The Top Financial Strategies of the Wealthy

By Lineweaver Financial Group
February 01, 2018 Category: Top Financial Strategies Of The Wealthy

One of the reasons that millionaires are economically successful is that they think differently, according to Thomas J. Stanley, author of the well-known book The Millionaire Next Door. And, in our experience, its true - their advantage in life is not a rare financial privilege, but rather basic values, discipline, and a couple of key principles and strategies that we want to share with you today. 1.Delay Gratification Many financially successful individuals will create a waiting period before they make a major purchase. 2.Dont Live Beyond Your Means One way to think about wealth is that its not what you make, its what you spend. If youre living beneath your means and saving and investing a significant portion of your income, that will grow over time. A good number to start with is 20%. 3.Pay Yourself First Twenty percent is a great starting point, but your goals may dictate more or less. Many people use the 50/30/20 rule 50% to necessities, 30% flexible spending, and 20% toward

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