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Resources / Education

Mid-Year 2016: An Investment Reality Check

Market volatility is alive and well in 2016. Low oil prices, China’s slowing growth, the prospect of rising interest rates, the strong U.S. dollar, global conflicts–all of these factors have contributed to turbulent markets this year. Many investors may be tempted to review their portfolios only when the markets hit a rough patch, but careful planning is essential in all economic climates. So whether the markets are up or down, reviewing your portfolio with your financial professional can be an excellent way to keep your investments on track, and midway through the year is…

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Are You Excluding Part-Timers From the Retirement Plan?

Many plan sponsors mistakenly believe that they are not required to offer the retirement plan to part-time employees. Regardless of what type of retirement plan you have, all employees, including part-time employees that work 1,000 hours in a year, must be offered the retirement benefit. Though your plan may contain a service requirement that essentially prevents “part-timers” from ever becoming eligible (such as a one year and/or 1,000 hours requirement), part-time employees may NOT categorically be excluded as a…

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What Constitutes Proper Documentation of Retirement Plan Committee Meetings?

With most retirement plans, the fiduciary responsibility of selecting and monitoring the plan’s menu of investments is designated to a retirement plan investment committee. This committee usually includes financial officers and human resources officers of the employer. The committee meets periodically (anywhere from annually to quarterly) to consider agenda items including investment due diligence, fees and services of plan providers, status of plan goals, etc. From a fiduciary perspective it is just as important to properly document these meetings…

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The High Price of Yield and Perceived Safety

Since the inception of markets, there have been particular investments that garnered the attention of investors above all others. In the 1600s it was the tulip mania and at the turn of this century, tech stocks had investors’ focus. Although not to the extent of these examples, currently low-volatility dividend paying stocks are the rage du jour in this low-yielding uncertain market environment. The lack of yield available on bonds has driven yield-thirsty investors to bond proxies for income,…

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If You Were King

The Democratic and Republican National Conventions are over but the shouting certainly is not. Because the recent news has been filled with the various musings of both party’s candidates, I think talking about their COMMON THEMES (yes, there is one!) would be worthwhile and instructive. NOTE: I will stay politically neutral here. It would be easy to avoid talking about politics when the country is so polarized, but then I would not be serving you well. My job is…

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Short vs. Long

“Very interesting”, is how the Chinese would surmise the market activity over the last 2 weeks.  Given that markets have been down roughly 1,000 points since the Brexit vote (give or take 100 points, as it’s not worth quibbling about given the recent volatility), I’m electing to move my normal first of the month letter to you up by a few days to address both what we see in the short term (a lot) and what it portends in…

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Winning Ideas

  Two things are on our mind this month, but in the end they together make a common theme that we think you’ll both appreciate and benefit in knowing. We are at the time of year when students are matriculating from various institutions and grades.  The 8th graders have Promotions, and High School seniors are completing their historical rite of passage, but let me focus on College graduates.   In 2015 the country saw about 20 million people enrolled in…

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Financial Advising

We provide financial education and mentoring — because an informed client is our best client. We offer webinars and informational sessions that cover such topics as tax-saving strategies, 401(k) company plan strategies, and how to avoid making poor, emotionally based decisions that set your plans off course.

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Financial planning

At Wellspring Financial Partners, we want you to invest and take financial control over your life. Our Advisors take the time to truly get to know our clients and learn about their individual financial status, values, wants and wishes. Not until we fully understand our client do we develop a plan specifically for them. Our advice is unique to each individual investor’s goals and financial circumstances. We have a profound respect for our clients and work hard to help…

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I Do

    In my meetings with you or in my communications to you, I commonly stress financial education; I WANT you to know what is happening in your portfolio, what I am doing for you and why these are good steps.  Also commonly expressed, I state to you that over-education is a weakness that I fall prey to more often than not.  Let me use this monthly exchange to state why I’m not going to change, and relate to…

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