“Five Ways to Get More Out of Your Social Security Benefits” 

Many people don’t realize there are ways to potentially maximize your Social Security benefits.  It’s worth taking some time to educate yourself on your options, as doing so can help you secure more income for retirement!

To help, I’ve included a special infographic with this email called, “Five Ways to Get More Out of Your Social Security Benefits.”  Please take a few minutes to look it over.  Then, let me know if you have any questions, or if you would like to sit down and review your Social Security options together!

I hope you find this infographic helpful.  Please feel free to call at 215-886-2122 to schedule an appointment.

Five Ways to Get More Out of Social Security

401k Costs Got You Concerned?

Concerned by either the start up costs or the continuing costs for your company 401k plan.  These are our costs, contact our office at 215-886-2122


Summary of 401k implementation costs
Adopting Employer Setup & Conversion Fee
– One-Time Setup Fee $0.00
Adopting Employer Annual Administration Fees*
– Annual Base Fee – See note below* $0.00*
Adopting Employer First Year Fee Estimate
– Setup and Annual Asset Based Fee $0.00
Adopting Employer Ongoing Annual Fee Estimate
– Annual Adminstration Fees $0.00
Trustee, Administrator and Custodian Fees
– All costs of Fiduciary Wise, FutureBenefits of America and MidAtlantic Trust 0.65%
– Per Participant Annual Fee $35.00
Servicing Advisor Fee
– Servicing Advisor 0.35%
Potential Additional Fees (charged to participant)
– CMS Risk Managed Portfolios 0.50%
– Termination and Withdrawals $50.00
– Loan Setup (per loan, from participant accounts) $50.00
– Loan Annual (per loan, from participant accounts) $0.00
*For plans with assets less than $167,000, a $187.50 quarterly fee will be assessed until assets reach $167,000. Employers may optionally pay this fee.

Please own more than a single target date fund

Need more than a single target date fund

Three Retirement Opportunities to Consider

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Roth IRAs A Tool to Maximize Tax Efficiency or Start Your Children or Grandchildren on Their Way Toward a Healthier Retirement

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Schwartz Financial ­Weekly Commentary 5/7/18

The Markets

What in the world?

A lot happened last week. Some of the notable events included:

  • Trade talks between the United States and China. The talks were described as “frank, efficient, and constructive,” although significant issues have yet to be resolved.
  • A Federal Open Market Committee meeting. The Federal Reserve indicated it expects to raise rates during 2018, but did not do so last week.
  • Low unemployment in the United States.S. unemployment fell to 3.9 percent, which is the lowest it has been since 2000. Typically, low employment is a sign of a strong economy.
  • Sky-high rates in Argentina. In an effort to shore up the nation’s currency, Argentina’s central bank “…hiked rates to 40 percent from 33.25 percent, a day after they were raised from 30.25 percent.”
  • Katy Perry roasted Warren Buffett. Katy Perry revealed the ‘Left Shark’ – a backup dancer famous for being out of sync during Perry’s 2015 Super Bowl performance – was Warren Buffett.*

What do asset managers and researchers make of the current state of world economies and markets? A portfolio manager cited by Barron’s said, “…until proved otherwise, we remain in a long bull market, and there is an absence of indicators outside of the equity market itself (most notably in credit markets or financial conditions) to suggest this has ended.”

Michael Wilson, Chief U.S. Equity Strategist at Morgan Stanley has a different opinion. “Even strong earnings results haven’t been able to boost most stocks into positive territory. Why? Because rising interest rates have reached a point at which they have become a constraint on valuations.”

Some researchers are concerned about growth outside the United States. Alvise Marino, an FX strategist for Credit Suisse told The Wall Street Journal, “This is really a Goldilocks [U.S. employment] report…But investors are worried that global growth is not as strong as some had thought.”

We’re tracking events and their potential impact on markets, and we’ll keep you informed.

* Warren Buffet wasn’t really the Left Shark. Her comments were part of a humorous video.


Data as of 5/4/18 1-Week Y-T-D 1-Year 3-Year 5-Year 10-Year
Standard & Poor’s 500 (Domestic Stocks) -0.2% -0.4% 11.5% 8.0% 10.5% 6.6%
Dow Jones Global ex-U.S. -0.9 -1.2 11.6 2.7 3.2 0.0
10-year Treasury Note (Yield Only) 2.9 NA 2.4 2.1 1.8 3.9
Gold (per ounce) -0.9 1.0 6.6 3.0 -1.9 4.1
Bloomberg Commodity Index 0.7 2.1 9.5 -4.6 -7.6 -8.2
DJ Equity All REIT Total Return Index 1.2 -4.8 1.7 5.2 5.7 6.2
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.

Myth Busted! Founders of new companies aren’t who many people think they are. Sure, you’ve read stories about entrepreneurs who leave college to found companies that become behemoths. In fact, The Thiel Fellowship encourages young people to skip college and, “Pursue ideas that matter instead of mandatory tests. Take on big risks instead of big debt.”

While helping young people pursue new ideas is admirable, research from the Massachusetts Institute of Technology (MIT) and the National Bureau of Economic Research (NBER) suggest a different age group is more likely to found successful fast-growth companies:

“Our primary finding is that successful entrepreneurs are middle-aged, not young. Taking numerous measures to identify potentially high-growth firms as well as studying ex-post growth of each firm, we find no evidence to suggest that founders in their 20s are especially likely to succeed. Rather, all evidence points to founders being especially successful when starting businesses in middle age or beyond…Across the 2.7 million founders in the U.S. between 2007-2014 who started companies that go on to hire at least one employee, the mean age for the entrepreneurs at founding is 41.9. The mean founder age for the 1 in 1,000 highest growth new ventures is 45.0. The most successful entrepreneurs in high technology sectors are of similar ages. So, too, are the most successful founders in the entrepreneurial regions of the U.S.”

Almost one-fourth of new entrepreneurs are ages 55 to 64, reports Entrepreneur.com. They often have financial stability, professional support networks, and experience – all things The Thiel Fellowship tries to provide to younger founders.

What’s the point of this story? Age is just a number. People of all ages have great ideas and great potential.

Weekly Focus – Think About It

“The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.”

–Nolan Bushnell, Entrepreneur

Value vs. Growth Investing (5/04/18)

Name 1-Week YTD 4-Week 13-Week 1-Year 3-Year 5-Year
US Market -0.11 0.41 0.93 -2.70 13.84 10.03 12.71
US Core 0.41 -2.32 0.26 -3.82 9.71 9.33 12.21
US Growth 0.63 6.84 2.95 0.58 23.00 12.21 15.27
US Large Cap -0.10 0.44 0.93 -3.22 14.34 10.54 12.91
US Large Core 0.43 -2.58 0.05 -4.27 9.74 9.99 12.45
US Large Growth 0.23 7.53 2.44 0.31 24.10 13.26 16.15
US Large Val -1.60 -4.00 -1.09 -6.20 8.75 8.13 9.98
US Mid Cap -0.31 0.33 0.62 -1.59 12.79 8.67 12.38
US Mid Core -0.57 -2.04 -0.03 -3.18 9.86 7.54 11.81
US Mid Growth 0.87 4.18 1.47 0.21 18.71 8.61 12.59
US Mid Val -1.30 -1.12 0.37 -1.81 9.79 9.80 12.71
US Small Cap 0.44 0.25 1.79 -0.31 11.75 8.59 11.39
US Small Core 0.09 -0.79 1.79 -1.29 8.99 8.33 11.21
US Small Growth 1.35 5.23 2.10 2.72 21.56 10.75 13.15
US Small Val -0.13 -3.57 1.46 -2.37 5.07 6.55 9.73
US Value -1.44 -3.37 -0.61 -5.04 8.77 8.40 10.54
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:

Just One Question?????

How is your 401k or HSA Plan doing in today’s market conditions?  Would you not be better off getting a chart like this showing you all the fund choices in your plan updated each and every month?

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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”.



http://www.barrons.com/mdc/public/page/2_3064-485653.html (Click on “U.S. & Intl Recaps,” then “Keeping up with the facts”)




https://www.wsj.com/livecoverage/berkshire-hathaway-2018-annual-meeting-analysis (or go to https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/05-07-18_WSJ-Warren_Buffett_Holds_Court_at_Berkshire_Hathaways_Annual_Woodstock_for_Capitalists-Footnote_5.pdf

https://www.barrons.com/articles/a-sampling-of-advisory-opinion-1525478403 (or go to https://s3-us-west-2.amazonaws.com/peakcontent/+Peak+Commentary/05-07-18_Barrons-A_Sampling_of_Advisory_Opinion-Footnote_6.pdf



http://thielfellowship.org (Click on down arrow)

http://mitsloan.mit.edu/uploadedFilesV9/180325%20Age%20and%20Successful%20Entrepreneurship.pdf (Page 5)




Just One Question?????

How is your 401k or HSA Plan doing in today’s market conditions.  Would you not be better off getting a chart like this showing you all the fund choices in your plan updated each and every month?  Give us a call at 215-886-2122.

may 18 p_Page_1may 18 p_Page_2