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What Could Tariffs Mean For The Economy — And Your Investments?

June 19, 2019

Overview On May 30, President Trump threatened new tariffs on all goods imported from Mexico. Effective June 10, the U.S. would levy a 5% tariff, increasing the rate by an additional 5% each month until reaching a permanent rate of 25% by October. The president stated that tariffs would only be lifted “if the illegal migration crisis is alleviated through effective actions taken by Mexico.” On June 7, after several days of negotiating with Mexican officials andjust three days before the tariffs were set to go into effect, PresidentTrump announced the tariffs would be “indefinitely suspended.” These announcements came in the middle of the trade war with China, which has been brewing since mid-2018. The U.S. and China have yet…

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ADVICE FOR YOUR RECENT COLLEGE GRADUATE

May 30, 2019

During the economic decline of the recession, many households struggled as one or both breadwinners lost jobs. Even workers who managed to survive corporate layoffs suffered through years with little to no salary increases. Unfortunately, these circumstances resulted in reduced savings and many households stopped investing for retirement and college. This means many children of that era eventually paid their own way through college, racking up loads of debt along the way. Now, upon graduating, they’re starting out adult life “underwater” in terms of their debt-to-income ratio. Among recent college grads (age 21 to 24), 79% have student loans they have to pay back. The average debt burden is $33,000. That’s a heavy load to carry when trying to climb…

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The Increasing Success of Women as Investors

February 12, 2019

More and more we hear the same stories of women living longer, being sicker and with less money to work with into retirement. Women are 80% more likely to be impoverished in late life.[i] We know why this happens: women live longer than men, women often make less and save less, and women often aren’t in control of their investments. The harsh truth is that women need a bigger nest egg than men because they will most likely live longer and need more extended and expensive care.  Instead of another article focusing on the grim details of women and retirement, let us change gears and talk more about women and investing. How can a new generation of soon to be retiring women break the cycle and come out on top? In this article, we will explore qualities that may make women better investors and hopefully encourage more women to take the plunge into investing for their retirement.

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Four Tips for Keeping an Active Lifestyle in Retirement

January 9, 2019

You worked, you saved, you planned. Now, after all that, it’s time to retire. This big change is both exciting and a little scary. If you’ve defined yourself by your career, you may experience the transition as something of a loss. As exciting as the opportunity to make your own schedule and do whatever you want, it may also be a little disorienting. Not since we were kids on summer vacations from school did we ever have such open schedules to fill however we want, and even then, we had to be home before dark. Retirement is a big, exciting event in your life, whether you are excited or filled with trepidation. In this article, we will go over some lifestyle changes and tips to help ease the transition and get you the best retirement, for you.

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Finding Beauty in Change: A Lesson from Lao Tzu

December 10, 2018

Life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like. –Lao Tzu

Life, whether we realize it or not, is a series of transitions. We were born and had to learn to crawl and walk, to talk and read. We grow up, passing through school onto careers and relationships. For some, we raise children. As we grow older and head toward retirement all this change and dramatic transition, can start to feel harder. Experiencing a loss, leaving a job, downsizing, adjusting to changing health, children growing up, the end of a marriage. These major life transitions, some of which we cannot control, are challenging for even the heartiest of people. We try to create order in our lives and we try to plan, but there are some things you just can’t anticipate.

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4 Steps to Manifesting Your Future

November 19, 2018

Do you ever make lists of all of the things you intend to do but haven’t quite gotten around to? Get back to the gym, go on that trip, start seriously saving for retirement. Whatever it is, it seems that after a few weeks, the list goes back into storage, only to be carted out and dusted off the next time you feel ambitious about getting back to your intentions.

Wanting change and enacting change are two different things. We know we want to lose weight, but the process of changing our lifestyle, modifying our diet and making room in a busy schedule for exercise can seem daunting. Humans are complicated that way. The benefits of completing the goal are not enough incentive to stick to it. We know we need to save for retirement, we know we should be managing our finances, investing and working toward our long-term goals. But, like the grasshopper and the ant, it can be hard to focus on the future when there is so much in the present that grabs our attention. This is called “present bias” and it causes us to spend at the moment instead of stashing more funds away for the future. [i] But when 51% of affluent investors, those who have investable assets over $500,000, fear being financially insecure in retirement and only 56% of American households even have a 401K, it’s definitely something we should be striving toward and discussing.[ii]  So, in this article, let’s explore how to get from creating an intention to actually accomplishing it.

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North Carolina Residents may Benefit from Disaster Relief Tax Breaks

October 30, 2018

The storm has ended, the floodwaters have receded, and now you are left to clean up the mess that Hurricane Florence left in its wake. Hurricane Florence was the wettest tropical cyclone ever recorded in the Carolinas. Both North and South Carolina were declared federal disaster areas by the president. 53 people died. The storm surge and later flooding caused massive evacuations, power losses, and property damage estimated currently at over $44 billion dollars. A destructive storm of this nature can leave the survivors feeling lost as they attempt to recover.

Where You Live

As residents salvage their homes, start itemizing and begin the hard journey of rebuilding, one reprieve will come from the IRS. Individuals residing in Beaufort, Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Greene, Harnett, Hoke, Hyde, Johnson, Lee, Lenoir, Jones, Moore, New Hanover, Onslow, Pamlico, Pender, Pitt, Richmond, Robeson, Sampson, Scotland, Wayne and Wilson counties may qualify for tax relief.

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The Road to Longevity: Living to 120—and Beyond?

September 6, 2018

Medical technology can now identify risk factors in the human body long before they impact your health

A medical revolution is underway—one that’s making it possible for us to extend our lives for decades by stopping now-fatal diseases before they can take hold of our bodies. In the coming years, we’ll not only be able to live longer, but also have fuller lives characterized by enduring physical mobility and mental sharpness.

Here’s a closer look at the personal longevity revolution—and what it could mean to you and your family as you seek to live your best life.

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Smart Ways to Take Control of a Trust

August 14, 2018

Many successful families use trusts to minimize taxes, transfer wealth and protect assets from creditors and others. You may have already set up a trust, or you may hold an inheritance you received in a trust that was created decades ago. Trouble is, too many families relinquish more control over their trusts than they need to, basically hoping that the trustees they have put in charge will serve them well. They take a passive role in their trusts rather than an active or proactive role.

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July / August 2018 – Retirement Strategies Newsletter

August 6, 2018

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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