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U.S. at a Glance and Global Developments

Jobs: October: 161,000 jobs gained, slightly below expectations. November: Gain of 178,000 jobs. The unemployment rate fell to 4.6% in November’s jobs number, the lowest level in 9 years.   U.S. Markets: All Time Highs: For the first time since June 2003, the Russell 2000, the Dow, the S&P 500 and the NASDAQ all closed at record levels on the same day.   Mergers & Acquisitions: AT&T (T) reached an agreement to buy Time Warner (TWX) for $85.4 billion. The deal is still pending approval from regulators, as competition within the media industry is the major concern.   More than 85% of Tesla (TSLA) shareholders voted in favor for the merger with Solar City (SCTY) in the deal to acquire the latter for $2.6 billion. To ease investor concerns, majority shareholder of both companies, Elon Musk, recused himself from each company’s board vote.   CLICK ON THE IMAGE TO READ MORE midwest wealth management
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What’s Estate Planning got to do with it?

Estate planning ensures the people you name take it with them when you die. Your estate is made up of everything, yes, everything that you possess. This includes cars, homes, bank accounts, investments, life insurance policies, furniture. All that “stuff” that you owned when you were alive is part of your estate. Including your digital estate and how to handle those assets. (Digital Assets)

 

Before you die, and sadly, everyone does, you should talk with an estate planner to make sure the people or charities you love are the ones to receive your estate. They can help ensure your final wishes are carried out. This includes instructions stating:

 

  • Whom you want to receive your estate.
  • What you want them to receive.
  • When they receive it.

 

Plus, make sure it all happens with the least amount of taxes, legal fees, and court costs.   An estate plan should also include some of these things too:

     

  • Instructions for passing along your values, like religion, education, even work ethics.
  • Instructions for your care if you become too sick to care for yourself before you die.
  • Naming a guardian for children under 18 years of age.
  • Providing for family members with special needs, including those who are financially irresponsible or vulnerable.
  • Minimizing taxes, court costs, and unnecessary legal fees.
  Most importantly, make sure it’s an ongoing process. You and your estate planner should review and update your estate plan as often as your family and financial situation change throughout your life.   And estate planning is for everyone. Young. Old. Retired. Working two jobs. Healthy. Sick. Everyone. Because you can’t predict how long you’ll live, when you’ll get sick or have a debilitating accident. And you shouldn’t wait until your rich to plan. People with the least amount of money have the most to lose by not planning their estates.   Don’t let your family pick up the pieces of your life and life’s work after you die. If you don’t have a plan, the state and federal governments will be first in line to get their cut, leaving a lot less for your loved ones. A little planning now can save your family from some painful lessons later.   As a private Indianapolis investment group specializing in wealth management, Midwest Wealth Management can help you understand an investment strategy designed for your specific needs.

 

About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.  
  1. What is Estate Planning? Estate planning powered by wealthcounsel.com, http://www.estateplanning.com/What-is-Estate-Planning/ 2014 WealthCounsel, LLC.
   
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Retirement income and the significance of a wealth management strategy.

A good wealth management firm offers financial planning, investment portfolio management and a number of financial services to help clients create a wealth accumulation strategy that reduces risk and aligns with a client’s particular goals. Building and protecting an investment portfolio is key. At Midwest Wealth Management, our process is to quickly determine and identify sources of risks for our clients and then develop a plan for avoiding or minimizing undue exposure. Tax liability is another area we pay particular attention to, and part of any long-term strategy is to come up with a plan to minimize the negative effects of taxes on investments.

 

Allocating assets across various investments is another way we minimize risk and help ensure a successful wealth accumulation strategy, as a well-diversified portfolio means a poor performance from any one asset won’t jeopardize the overall strategy because its effects are balanced by other better-performing assets.

 

We also use our extensive knowledge with alternative investments as another way to diminish volatility and increase a portfolio’s durability due to an alternatives ability to offer performance that isn’t correlated to what you experience with typical stocks and bonds. So, a traditional drop in the market has little to no effect on an alternative investment. There are also some other simple strategies that can make a positive difference in the long run. For example, if your company has a matching contribution program, you should always put as high as a percentage as you can to maximize your company’s contribution and leverage that extra money toward your wealth accumulation goals.

 

Whatever the wealth accumulation strategy, the main point to remember is that a wealth advisor has a fiduciary responsibility to their clients, meaning they are legally bound to act in their client’s best interest. This is always the case at Midwest Wealth Management, where your voice carries the most weight in helping you achieve your vision of a well-invested future. We invite you to learn more at www.midwest-wealth.com. You can also call us if you have any questions or if you would like to schedule a private interview at 317.288.4989.

 

Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved.

 

Investing in alternative investments may not be suitable for all investors and involves special risks, such as risk associated with leveraging the investment, adverse market forces, regulatory changes, and illiquidity. There is no assurance that the investment objective will be attained.   About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.
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