Financial Independence For Woman

According to one study, 37% of women over the age of 65 live alone, either because they are divorced, widowed, or never married.  When it comes to managing money, these women usually have no one else to turn to but themselves.

Request our Ebook “Financial Independence For Women”  Free for the asking.  Request at mike@schwartzfinancial.com .

Financial Independence for Women 1_Page_01

“The Three Key Challenges of Retirement”

Planning for your retirement can be challenging. It can be scary, and it can be frustrating. I have seen many clients who felt their plan was a disaster waiting to happen. As an advisor, I am here to say that you can handle it. Planning for retirement doesn’t have to be difficult—in fact, it can be fun! But in order to achieve the retirement of your dreams, you must prepare for three major challenges that every retiree is likely to face.

Challenge #1:

Ensuring a Long Retirement Savings Lifespan

One of the greatest fears people have in retirement is that they will outlive their savings. Fortunately, by taking steps now, you can ensure this doesn’t happen to you.

The first step is to budget your expected expenses based on your normal day-to-day costs and any activities you want to pursue during retirement. Things like travel, hobbies, remodeling your home, etc.

Next, take a hard look at your current savings and level of income. How much are you setting aside for retirement? How much more do you need to be saving or investing in order to meet your expected budget? This is where working with a financial advisor can come in handy, because an advisor can help you determine

  • how much your savings need to grow to meet your needs;
  • how long you can expect your savings to last, based on when you plan on retiring, your general health, and activities;
  • how to maximize your income opportunities after retirement; and
  • what the ideal rate of withdrawal will be from any retirement accounts you have so you don’t run out of

Once you have a plan for your retirement savings, you can move onto the next challenge:

Challenge #2:

Planning for Health Care Expenses

As we age, health care becomes a bigger concern, and a more difficult one to deal with. It can be hard to find a plan that provides the coverage you need at a price you can afford. All the politics and legislation affecting the healthcare industry don’t make it easier, either.

The answer, again, is to plan ahead. Here are a few things you can do:

  1. Learn about your various Medicare

If you are one of the lucky few who will have employer-provided health care coverage even after retirement, congratulations. But if not, start familiarizing yourself with the intricacies of Medicare now. The Federal government’s health insurance program for seniors is often referred to as a single plan, but in reality, it’s many types of plans rolled into one. From the basic level of coverage (Part A), to “Medicare medical insurance” (Part B) which covers outpatient hospital care, physical therapy, and home health care, to the more elaborate “Medicare Advantage” plans, most retirees are confronted with too many options, some of which are more appropriate than others. Choosing the best type of coverage for you will be crucial when it comes to paying for your medical expenses.

  1. Look at Medigap

Medigap supplemental insurance is sold by private insurance companies, and is designed to help pay those costs not covered by Medicare. Medigap isn’t free, and certain criteria must be met before you can purchase it, but it’s definitely a route to consider.

  1. Consider long-term care

Important disclaimer: not everyone will need long-term care or assisted living in their lives. That said, many people do, and long-term care (LTC) insurance is one of the best ways to pay for it. It can be beneficial to purchase LTC insurance sooner rather than later, as premiums often grow higher as you grow older. However, LTC is expensive in and of itself, so give the subject a lot of careful consideration before making a decision.

As you can see, paying for health care expenses is a huge part of retirement. As you create your retirement plan, make sure you give the subject all the attention it deserves.

Challenge #3:

Planning for Unexpected Expenses

While health concerns are a major source of unexpected costs, there are many other types of expenses that could impact your retirement. For instance

  • Car repairs. You know it will happen one day: the strange clunk-clunk sound you start hearing from your engine ends up being a problem that will cost hundreds, maybe even thousands, to fix. And if it happens more than once …
  • Your bills keep going up. What goes up does not necessarily go down. Anyone who has ever paid for an internet connection or satellite TV knows that prices tend to rise over the years. Your basic utilities are prone to price fluctuation as well. A really cold winter means your gas bill will go up. If you have children in the house who keep leaving the lights on, your electricity bill will go up. You get the picture.
  • Household repairs. When the toilet clogs or the faucet leaks; when a window breaks or the roof starts to degrade; when wood-boring beetles infest the tree in the backyard; unless you really like to DIY, that means paying for a professional … who usually aren’t

The point of all this, is to show that unexpected expenses can come at any time, in many different forms. What’s more, they can really pile up.

So, what’s the solution? Start a rainy-day fund! When most people save, they tend to just throw everything into one savings account and withdraw money whenever they either need or want to. Instead, I suggest creating a separate type of savings account: one that can only be touched whenever the unexpected happens. Every month, devote a set percentage of your income to the rainy-day fund in addition to your regular savings. Then, when your car inevitably breaks down, you won’t have to worry about it interfering with that vacation you’ve been dreaming about for years, because you’ve already set aside the funds to deal with it.

The key to starting a rainy-day fund is to do it now. If you wait until after retirement, you’ll probably have waited too long. Plus, once you’re retired, you’ll likely have less to set aside for those unexpected expenses.

Which brings us to the single most important thing you can do to meet these three key challenges of retirement. Have you guessed what it is yet?

That’s right: plan ahead.

By being proactive, by starting now, you can mitigate these challenges and prevent them from derailing your dream retirement.

As always, if you’d like any assistance with creating a retirement plan, or if you have questions about how to maximize your savings and cover your expenses, feel free to contact me at 215-886-2122.

Schwartz Financial Weekly Commentary 9/25/17

The Markets

Geopolitics, what is it good for? Absolutely nothin’!

In January, Robert Kahn of the Council on Foreign Relations wrote in Global Economics Monthly:

“Markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market moves suggest this year could be different…It should be the year that global geopolitical risks provide the volatility in markets that I, and many other economists, have been predicting for some time.”

Kahn may share the bemusement of bond market prognosticators who have anticipated the end of the bull market in bonds for years and have yet to see their predictions prove out.

So far in 2017, investor confidence has remained impervious to geopolitical threats. Bloomberg reported, while diplomats at the United Nations stress over North Korea’s threat to drop a hydrogen bomb, Russia’s provocations along the borders of Eastern Europe, rising Middle East tensions, and conflict between the United States and China in the South China Sea, investors remain relatively sanguine.

The CBOE Volatility Index, or VIX, which measures market expectations for near-term volatility in the Standard & Poor’s 500 Index (S&P 500), finished below 10 on Friday. Historically, the VIX has finished below 10 on just a few days in its history. While the very low level of the VIX doesn’t tell us much about the future, Barron’s reports it indicates investors are not too concerned about “what’s happening now and what has happened.”

That contention appears to be supported by U.S. stock market performance. Despite hostile rhetoric between the United States and North Korea last week, the S&P 500 and Dow Jones Industrial Average both finished slightly higher.

Data as of 9/22/17 1-Week Y-T-D 1-Year 3-Year 5-Year 10-Year
Standard & Poor’s 500 (Domestic Stocks) 0.1% 11.8% 14.9% 87.9% 11.4% 5.1%
Dow Jones Global ex-U.S. 0.4 19.4 15.7 2.0 4.7 -0.6
10-year Treasury Note (Yield Only) 2.3 NA 1.6 2.6 1.7 4.6
Gold (per ounce) -2.1 11.7 -3.3 2.2 -6.0 5.9
Bloomberg Commodity Index -0.4 -3.0 -0.8 -10.6 -10.3 -7.1
DJ Equity All REIT Total Return Index -2.5 5.4 0.5 9.8 9.6 5.9
S&P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; the DJ Equity All REIT Total Return Index does include reinvested dividends and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.
Sources: Yahoo! Finance, Barron’s, djindexes.com, London Bullion Market Association.
Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not applicable.

it’s the ig nobel awards! On September 14, the 27th First Annual Ig Nobel Prize Ceremony kicked off with a flight of paper airplanes.

The winners were chosen by the publishers of the Annals of Improbable Research, which reviews, “Real research, about anything and everything, from everywhere. Research that’s maybe good or bad, important or trivial, valuable or worthless.” The most important characteristic of the works published is they make people laugh and think.

The evening’s entertainment included ceremonial bows from returning Ig winners John Culvenor, who received the 2003 Physics Prize for analyzing the forces required to drag sheep across various surfaces, and Deborah Anderson, who received the 2008 Chemistry Prize for testing whether a dark cola is an effective spermicide.

This year’s winning research explored diverse and improbable ideas, including studies entitled:

  • Didgeridoo Playing as Alternative Treatment for Obstructive Sleep Apnoea Syndrome: Randomised Controlled Trial, which discovered that, “Regular didgeridoo playing is an effective treatment alternative well accepted by patients with moderate obstructive sleep apnoea syndrome.”
  • Never Smile at a Crocodile: Betting on Electronic Gaming Machines is Intensified by Reptile-Induced Arousal, which showed that, “At-risk gamblers with few self-reported negative emotions placed higher average bets at the EGM after having held the crocodile when compared to the control.”
  • Is That Me or My Twin? Lack of Self-Face Recognition Advantage in Identical Twins concluded that, “identical twins cannot tell themselves apart, visually.”
  • On the Rheology of Cats, which explored whether a cat can be both a solid and a liquid and determined, “much more work remains ahead, but cats are proving to be a rich model system for rheological research.”

Each of the 10 Ig Nobel winners was given 60 seconds to explain themselves before being awarded a bust replica of a human head with a question mark on top of it, a certificate signed by a Nobel Laureate, and one trillion Zimbabweans.

Russian-born physicist Andre Geim was the first scientist to win both awards. He received a 2000 Ig Nobel Prize for his work using magnets to levitate frogs, and a 2010 Nobel Prize for discovering graphene (a new form of carbon).

Weekly Focus – Think About It

“Like a welcome summer rain, humor may suddenly cleanse and cool the earth, the air, and you.”

Langston Hughes, American poet

Value vs. Growth Investing (9/22/17)

Name 1-Week YTD 4-Week 13-Week 1-Year 3-Year 5-Year
US Market 0.21 13.17 2.52 3.35 17.22 10.00 13.71
US Core -0.23 13.41 2.07 2.68 17.41 10.65 14.87
US Growth -0.12 20.10 2.03 3.28 19.17 10.83 13.66
US Large Cap 0.06 14.37 2.15 3.49 18.15 10.32 13.68
US Large Core -0.59 14.96 1.45 2.52 18.93 11.32 15.29
US Large Growth -0.39 21.44 1.54 3.35 20.21 11.46 14.05
US Large Val 1.21 7.32 3.51 4.60 15.45 8.14 11.77
US Mid Cap 0.44 11.04 3.03 2.90 15.01 9.18 14.18
US Mid Core 0.41 11.35 3.28 3.27 14.00 9.08 14.23
US Mid Growth 0.63 17.01 2.94 3.13 16.61 8.78 12.59
US Mid Val 0.25 4.90 2.84 2.20 14.24 9.60 15.75
US Small Cap 1.07 7.32 4.96 3.24 14.13 9.04 12.69
US Small Core 1.42 5.24 4.61 2.46 13.21 8.85 12.94
US Small Growth 0.54 15.19 4.80 2.92 15.63 10.01 12.47
US Small Val 1.28 1.89 5.55 4.48 13.28 8.21 12.57
US Value 1.03 6.46 3.52 4.12 15.10 8.46 12.65
 ©2004 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) is not warranted to be accurate, complete or timely. Morningstar is not responsible for any damages or losses arising from any use of this information and has not granted its consent to be considered or deemed an “expert” under the Securities Act of 1933. Past performance is no guarantee of future results.  Indices are unmanaged and while these indices can be invested in directly, this is neither a recommendation nor an offer to purchase.  This can only be done by prospectus and should be on the recommendation of a licensed professional.

Office Happenings:

Hurricane Season and Your 401k

“We’ve had three 100-year floods in the last 18 months. This one looks like a 1,000-year flood.”
– Congressman Pete Olson of Texas (source: NPR)

The historic amount of rainfall caused by Hurricane Harvey last month caused flooding in the city of Houston. This storm marked the third flood event to hit the Houston area in as many years (Memorial Day floods in 2015 and 2016 accounted for the first two).

Every time I read or hear about sophisticated assumptions about future weather patterns I am reminded of the computer models used to predict stock market risk.

The current generation of robo-advisors use Modern Portfolio Theory to construct individual company 401(k) retirement plan mutual fund portfolios with the lowest possible risk.

Just in case you are interested, the financial industry jargon for the lowest possible risk for a given level of expected return is standard deviation.

The robo-advisor “sales pitch” for Modern Portfolio Theory is that it will weather any stock market storm in a company 401(k) retirement plan account. This investment management process will “diversify away” potential historic company 401(k) retirement plan principal losses.

If you are a long-time resident of the Houston area, you have been warned on three separate occasions over the last few years was to evacuate areas of the metro. For those few citizens who lacked those skills, mandatory evacuations were ordered.

If you choose to live in Houston, you will live to see more historic flooding. You can’t diversify your way around that fact. At some time in your future another evacuation will save your life.

Fortunately, there are equally sophisticated computer model tools that will help individual company 401(k) retirement plan participants identify heightened risk levels in changing stock market environments.

These tools don’t rely on historical correlations. Instead, they help identify the realities of lower stock prices caused by more sellers than buyers. These tools don’t have to predict. They just need to react to what is going on in the stock markets.

It is much too late now for Houston residents to buy flood insurance. Just like it is much too late for Florida residents to buy hurricane insurance. It is not too late to put in place a stock market risk management game plan for your company 401(k) retirement plan account.

Computer models can provide more than enough time to alert you to “get out of the way” when you need to. Diversification does not get you out of the way. Instead, you sit and take it and hope for the best.

Make sure that you have more than enough time to safely evacuate with a large part of the last several years of your company 401(k) stock market investment gains.

If you are a set it and forget it investor (index funds) here is an article you might want to take a few seconds to read.

http://www.marketwatch.com/story/the-shocking-truth-about-stock-returns-in-this-century-2017-09-22?mod=mw_share_facebook

Give our office a call at 215-886-2122 to see how we can provide you a monthly breakdown of the investments in your 401k plan.

Regards,

Mike

Michael L. Schwartz, RFC®, CWS®, CFS

P.S.  Please feel free to forward this commentary to family, friends, or colleagues.  If you would like us to add them to the list, please reply to this email with their email address and we will ask for their permission to be added.

Michael L. Schwartz, RFC, CWS, CFS, a registered principal offering securities and advisory services through Independent Financial Group, LLC., a registered broker-dealer and investment advisor.  Member FINRA-SIPC. Schwartz Financial and Independent Financial Group are unaffiliated entities.

 

This information is provided for informational purposes only and is not a solicitation or recommendation that any particular investor should purchase or sell any security. The information contained herein is obtained from sources believed to be reliable but its accuracy or completeness is not guaranteed.  Any opinions expressed herein are subject to change without notice.  An Index is a composite of securities that provides a performance benchmark.  Returns are presented for illustrative purposes only and are not intended to project the performance of any specific investment.  Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly.  Past performance is not a guarantee of future results.

 

* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

 

* The DJ Global ex US is an unmanaged group of non-U.S. securities designed to reflect the performance of the global equity securities that have readily available prices. 

 

* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

 

* Gold represents the London afternoon gold price fix as reported by the London Bullion Market Association.

 

* The DJ Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.

 

* The DJ Equity All REIT TR Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.

 

* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.

 

* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

 

* Past performance does not guarantee future results.

 

* You cannot invest directly in an index.

 

* Consult your financial professional before making any investment decision.

 

* To unsubscribe from our “market commentary” please reply to this e-mail with    “Unsubscribe” in the subject line, or write us at “mike@schwartzfinancial.com”.

 

Schwartz Financial ­Weekly Commentary 9/18/17

The Markets

“In theory, there is no difference between theory and practice, in practice there is.”

Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No. From the title, you might think the authors – Matt Kadnar and James Montier – don’t like U.S. stocks. They do:

“Being a U.S. equity investor over the past several years has felt glorious. The S&P 500 has trounced the competition provided by other major developed and emerging equity markets. Over the last 7 years, the S&P is up 173 percent (15 percent annualized in nominal terms) versus MSCI EAFE (in USD terms), which is up 71 percent (8 percent annualized), and poor MSCI Emerging, which is up only 30 percent (4 percent annualized). Every dollar invested in the S&P has compounded into $2.72 versus MSCI EAFE’s $1.70 and MSCI Emerging’s $1.30.”

The authors’ concern is U.S. markets have performed so well, investors may be tempted to abandon diversification and concentrate their portfolios in indexed U.S. stocks. Kadnar and Montier wrote, “Human nature is to extrapolate the recent past. It is easy to see, given the strong performance of U.S. equities in both absolute and relative terms, why many are suggesting they are the only asset you need to own.”

Focusing assets in the United States, according to GMO, ignores the most important determinant of long-term returns: valuation. “From our perspective, one has to make some fairly heroic assumptions to believe that the S&P is even remotely close to fair value.”

High valuations haven’t dulled the appeal of U.S. stocks for investors, though. Last week, the S&P 500 closed at a record high, and the Dow Jones Industrial Average posted its biggest gain since last December, reported CNBC.com.

Data as of 9/15/17 1-Week Y-T-D 1-Year 3-Year 5-Year 10-Year
Standard & Poor’s 500 (Domestic Stocks) 1.6% 11.7% 16.4% 8.0% 11.3% 5.4%
Dow Jones Global ex-U.S. 0.7 18.9 18.3 1.6 4.4 -0.2
10-year Treasury Note (Yield Only) 2.2 NA 1.7 2.6 1.8 4.5
Gold (per ounce) -1.7 14.1 0.9 2.3 -5.7 6.3
Bloomberg Commodity Index 0.5 -2.6 2.6 -11.1 -10.5 -6.9
DJ Equity All REIT Total Return Index 0.4 8.1 7.1 10.5 9.5 6.7
S&P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; the DJ Equity All REIT Total Return Index does include reinvested dividends and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.
Sources: Yahoo! Finance, Barron’s, djindexes.com, London Bullion Market Association.
Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not applicable.

7 steps to protect yourself after the equifax breach. From May through July, hackers exploited a website vulnerability at Equifax, one of the major consumer credit reporting agencies. If you have a credit report, there is a chance your sensitive and personal information including Social Security numbers, birth dates, addresses, and driver’s license numbers, may have fallen into the wrong hands. The stolen information could be used in tandem with passwords taken from other databases to commit financial crimes against you, reported a source cited by Consumer Reports.

Here are seven steps to take to help protect your assets and credit:

  1. Find out if you were affected. From a secure computer or encrypted network connection, go to the Equifax website, equifaxsecurity2017.com. Scroll down and click on ‘Potential Impact.’ You will be asked to provide your last name and the last six digits of your Social Security number.
  2. Enroll in TrustedID Premier. If your data has been breached, Equifax will offer enrollment in TrustedID Premier. The program provides up to $1 million in ID theft insurance, Social Security Number Scanning, 3-bureau credit file monitoring, and the option to freeze your Equifax credit report.
  3. Place a fraud alert or credit freeze on your other credit reports. Experian, TransUnion, and Innovis also provide credit reporting services. Contact each of the companies to place an alert or a freeze on your credit report:
  • A fraud alert warns both current and prospective lenders they must take reasonable steps to verify your identity before providing credit. When you’re a victim of ID theft, an alert can be put in place for up to seven years.
  • A credit freeze is different. It restricts access to your credit report. If you request a freeze, the credit agency will send a letter with a personal ID number (PIN). Keep the PIN in a safe place. You’ll need it to unfreeze your accounts, according to the Federal Trade Commission.
  1. Change your passwords. Create new passwords for online banking, brokerage, and financial accounts. Each account should have a unique password. Best practices suggest passwords have 12 to 14 characters.

 You may want to consider using a password management application. They’re designed to store and retrieve passwords so you can keep track of multiple long, unique password combinations without security issues like storing passwords improperly or failing to remember them.

  1. Activate two-factor authentication. Two-factor authentication provides an additional layer of security for email and other accounts. After you enter your user ID and password, you’ll be asked for a code to verify your identity. You can have the account provider text a code to your phone, although that creates vulnerability if your phone is stolen. A better option may be to download an authenticator app so you can generate your own code.
  2. Beware email links. Some fraud attempts are obvious: text or email from a Nigerian prince or an update request from a financial institution where you don’t have an account. Others may be more difficult to spot. As a rule of thumb, if you receive an email with a link requesting you update or make changes to a financial account, don’t click on it. Call the financial institution or go directly to its website to make any changes.
  3. Keep an eye on your accounts. Check bank, brokerage, and other financial statements for suspicious transactions. If you find unauthorized activity, report it to the institution and the proper authorities.

If you have any questions or concerns about this breach or the markets, please contact us.

Weekly Focus – Think About It

“The most effective way to do it, is to do it.”

–Amelia Earhart, American aviation pioneer

Value vs. Growth Investing (9/15/17)

Name 1-Week YTD 4-Week 13-Week 1-Year 3-Year 5-Year
US Market 1.69 12.93 1.85 3.18 18.78 10.01 13.53
US Core 1.66 13.67 1.78 2.95 19.44 10.88 14.80
US Growth 0.89 20.25 2.12 4.12 21.39 10.90 13.60
US Large Cap 1.65 14.30 1.62 3.67 19.64 10.52 13.61
US Large Core 1.53 15.65 1.57 3.57 21.12 11.82 15.38
US Large Growth 0.88 21.91 1.83 4.52 22.76 11.73 14.14
US Large Val 2.63 6.03 1.44 2.82 15.21 7.98 11.40
US Mid Cap 1.63 10.56 2.26 1.97 16.74 8.79 13.73
US Mid Core 1.93 10.90 2.30 1.98 15.76 8.83 13.84
US Mid Growth 0.62 16.28 2.67 2.80 17.92 8.28 12.10
US Mid Val 2.46 4.64 1.75 1.03 16.36 9.18 15.31
US Small Cap 2.26 6.19 3.04 1.54 15.77 8.18 12.07
US Small Core 2.19 3.77 2.30 -0.23 14.61 7.88 12.20
US Small Growth 1.81 14.57 3.81 3.72 17.09 9.46 12.05
US Small Val 2.85 0.60 3.03 1.14 15.26 7.15 11.87
US Value 2.61 5.37 1.61 2.35 15.49 8.19 12.24

©2004 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) is not warranted to be accurate, complete or timely. Morningstar is not responsible for any damages or losses arising from any use of this information and has not granted its consent to be considered or deemed an “expert” under the Securities Act of 1933. Past performance is no guarantee of future results.  Indices are unmanaged and while these indices can be invested in directly, this is neither a recommendation nor an offer to purchase.  This can only be done by prospectus and should be on the recommendation of a licensed professional.

Office Happenings:

Income protection. What’s that?

 

If you don’t know what income protection is, don’t worry. Income protection, or individual disability insurance, is new for a lot of people. But it is a very important step in your financial journey. And, we’re here to help you navigate the ins and outs of it.

To get started, take a few minutes to:

  1. Watch this short video. It’s an easy-to-understand snap shot of what income protection is.
  2. Think about what your income makes possible in your
    life
    – your home, activities, savings. If you couldn’t work because of an illness or injury, what would you do?
  3. Talk to me about your needs. In 30 minutes, we can see how income protection could make a big difference in your financial journey.

Regards,

Michael L. Schwartz, RFC®, CWS®, CFS

P.S.  Please feel free to forward this commentary to family, friends, or colleagues.  If you would like us to add them to the list, please reply to this email with their email address and we will ask for their permission to be added.

Michael L. Schwartz, RFC, CWS, CFS, a registered principal offering securities and advisory services through Independent Financial Group, LLC., a registered broker-dealer and investment advisor.  Member FINRA-SIPC. Schwartz Financial and Independent Financial Group are unaffiliated entities.

 

This information is provided for informational purposes only and is not a solicitation or recommendation that any particular investor should purchase or sell any security. The information contained herein is obtained from sources believed to be reliable but its accuracy or completeness is not guaranteed.  Any opinions expressed herein are subject to change without notice.  An Index is a composite of securities that provides a performance benchmark.  Returns are presented for illustrative purposes only and are not intended to project the performance of any specific investment.  Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly.  Past performance is not a guarantee of future results.

 

* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

 

* The DJ Global ex US is an unmanaged group of non-U.S. securities designed to reflect the performance of the global equity securities that have readily available prices. 

 

* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

 

* Gold represents the London afternoon gold price fix as reported by the London Bullion Market Association.

 

* The DJ Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.

 

* The DJ Equity All REIT TR Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.

 

* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.

 

* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

 

* Past performance does not guarantee future results.

 

* You cannot invest directly in an index.

 

* Consult your financial professional before making any investment decision.

 

* To unsubscribe from our “market commentary” please reply to this e-mail with    “Unsubscribe” in the subject line, or write us at “mike@schwartzfinancial.com”.

Social Security Planning for Women

SAVE THE DATE:
 
Saturday, November 4th
 
Social Security Planning For Women
 
11:00 AM – 1:30 PM
 
Washington Crossing Historic Park Visitors Center
 
Come join us for Education and Lunch
 
Additional information coming soon