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Posts by ashea

July / August 2018 – Retirement Strategies Newsletter

Inside This Issue:

    Notes on Our Southern Culture
    The Bookshelf
    Gazpacho in 10 Minutes or Less
    A Little Laugh
    Flat David

Notes on Our Southern Culture

by David Shucavage

Recently, while walking our dog Dogma near Wilmington’s Riverfront Park, I read a plaque about Lippitt’s Ice House. It piqued my interest enough to do some research into the history of ice houses, only to discover that their history is entwined with that staple of southern culture – sweet ice tea. Of course, if you come from the north, you have probably discovered that stating “sweet” and “ice” is unnecessary in any restaurant order; “tea” says it all. It’s when you want an unsweetened or hot tea that you need to be explicit. Anyway…

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The Road Less Traveled: Taking Steps Toward Your Ideal Retirement

Have you given a great deal of thought about your “bucket list” recently? For most people, a bucket list consists of things we have always wanted to do and many of those things involve taking risks or traveling far away from home or exploring some other type of great unknown. I read an article recently in Financial Advisor Magazine that discussed regrets that people had as they aged. The article said, “Among the top regrets were: not following their dreams, not taking risks with their careers, not taking risks with their lives in general, and not being gutsy enough in the choices they made.”

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Emotional Investing and Consequences of Behavioral Biases

Distraction from the media, uncertainty or volatility in the markets, or pressure to buy and sell from friends, colleagues, financial “gurus” and other less than reliable sources for investment advice can directly challenge an investor’s ability to make consistent, rational and logical investment decisions. The barrage of information coupled with some inherent behavioral biases can make long-term investing a challenge for most people.

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Want to Promote Family Entrepreneurship? Consider a Family Bank

With that in mind, the Super Rich are embracing ways to develop the business acumen of inheritor family
members—as well as ways to support them in forming new ventures of their own.
One way the Super Rich are making that happen is through family banks. And increasingly, families that
aren’t as wealthy as the Super Rich are using these banks as well.

With that in mind, the Super Rich are embracing ways to develop the business acumen of inheritor family
members—as well as ways to support them in forming new ventures of their own.

One way the Super Rich are making that happen is through family banks. And increasingly, families that
aren’t as wealthy as the Super Rich are using these banks as well.

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How to Stress Test Your Financial Plan Like the Super Rich

The Super Rich (those with a net worth of $500 million or more) who have family offices typically engage a sizable lineup of professional advisors to help them create and implement financial plans. To help ensure those plans are both state-of-the-art as well as in line with their needs and wants, many of them regularly “stress test” these plans.

Here’s why you should join them in that effort—even if you’re not nearly as wealthy.

Asking “What if?”

Stress testing financial plans can be a very smart way to help make certain that the plan will deliver as promised. The fact is financial plans that might look great on paper all too often prove to be much less impactful once they are implemented. It is not uncommon for there to be unintended consequences that can even derail one’s agenda.

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Three ‘Spy Secrets’ That Can Protect You, Your Family and Your Business

Imagine yourself in a vintage tuxedo, sipping a “shaken, not stirred” martini as you make eye contact across the bar with a beautiful secret agent who is about to covertly hand you a dossier with information that will help prevent World War III.

Okay—that’s almost certainly never going to happen to you. But you can use some of the same strategies employed by professional spies and operatives to prevent criminals from harming you, your family and your company.

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It was a Dark and Stormy Night…

David has relinquished his writing privileges this month to me, his wife, Sandy. He’s nursing a little headache right now, bless his heart, for reasons that will soon become evident and having nothing to do with the stock market. Anyway, after years of generic autumn harvest articles, we thought we’d be a little more proactive this October.  We decided to do a little ghost hunting.

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