Retirement spending: strategies for success.

A retirement strategy is something that people know that they need, and most take some types of steps to accomplish this goal. But when thinking about a retirement strategy, it is important to consider all the changes that happen in life that could affect your retirement savings. Because if you want to continue the lifestyle you are currently living, you need to make sure that the hopes and plans you have for retirement are matching up with reality.   One of the biggest challenges and concerns all retirees face is whether or not they are going to outlive the money that they have saved for retirement. There are a number of factors to consider, but right off the top is the topic of a safe withdrawal rate (considered the amount/percentage of the money you can withdraw each year from your retirement savings without running out). It is generally considered that for a typical 30-year retirement, it is usually possible to withdraw about 4% per year from a diversified portfolio consisting of stocks and bonds.   But there are also other factors to consider regarding spending that can take away from the bottom line. For example, don’t expect that just because you are retired, your living expenses are going to drop significantly — if at all. A March 2013 study by the Employee Benefit Research Institute found that nearly 52% of retirees experienced the same or higher costs in retirement as before they retired.   Healthcare costs can also be an issue in retirement as more money is spent on health-related costs as you get older. And depending on your level of health, this could limit your opportunities if you decided to go back to work to earn a little more money.   The key to retirement is having a good financial advisor who can educate and inform you of your situation as life challenges keep coming. As always, it’s about minimizing risk so you can have a level of satisfaction that you deserve as you head into retirement years.   For more information about strategies for retirement, visit us at www.midwest-wealth.com, or call 877-243-4132 to speak to a Midwest Wealth Management representative.   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.   Securities and Advisory Services offered through Commonwealth Financial Network®. Member FINRA/SIPC a Registered Investment Adviser.

 

Fontinelle, Eric. Outliving Your Retirement Savings. Forbes. 24, May. 2010 Boerner, Heather. Social Security: Take it Now or Later? Thrivent. 3, Nov. 2014.
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The SEC, Markets & Tweets

Baby boomers, their parents and the early Generation X's are not the only groups of people still trying to find their footing in the world of social media. From liking and sharing to understanding who it is "ok" to follow or friend, the rules are ever evolving. If you want to take solace in feeling like you are always playing catch up in this world, one of country's most important regulatory agencies, the SEC (Securities and Exchange Commission) is right there with grandmothers who are friending their grandchild's social circle and wondering "why don't they accept my invite?"

 

Social media was a previous non-issue in the investing world until Reed Hastings, co-founder and CEO of Netflix (NFLX), posted exciting news about his company in the middle of 2012. Thrilled that his company had exceeded monthly viewing of 1 billion hours (a whole lot of "Netflix and Chill") he turned to Facebook to share the exciting news with his 200,000+ friends. with many of the people in his social network having an interest in the shares of his publicly traded company news quickly spread the viewership numbers resulted in a share price increase of over 20%.

 

After review by the SEC, they fully approved the use of social media for publicly traded companies in 2013. The rules require simultaneous access to material information, so now companies are required to notify shareholders which platforms and which accounts (company or executives) may be used. Not only are corporate executive posts being examined for "market moving" information, the search has spread to anyone with enough following to be viewed as credible. Firms and trading strategies are now being built around posts from news outlets, politicians, regulators and the biggest names in investing.

 

Big Market Moving Posts of the Past: SEC, Markets & Tweets   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.

 

Securities and Advisory Services offered through Commonwealth Financial Network®. Member FINRA/SIPC a Registered Investment Adviser.
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Top Stories 2016 – Donald Trump Presidency

The year 2016 was indeed a year for global happenings that will have long-lasting impacts on every continent across the globe. We shared our analysis on a couple that made the Reuters Top Business Stories of 2016 and while still relevant, we thought it was worth glancing back at those stories.   WHAT TO EXPECT FROM PRESIDENT TRUMP?: Wall Street greeted the election of Donald Trump with panic at first, then trepidation, then zealousness as stocks hit record highs...read more

 

Commentary: We woke up this morning to a new era. For the past several years, the United States has had either a Democrat-controlled government or a divided government. As a result of yesterday’s vote, Republicans will soon control the presidency, the Senate, and the House. Throughout the presidential campaign, much of the media coverage on both sides has verged on the apocalyptic, and, indeed, there may be substantial challenges as a new administration comes into power. But the reality is that the sun will come up today and every day thereafter, and the country will move on.   Policy clarity should steady markets In the wake of the election, financial markets around the world pulled back significantly. Markets hate surprises, and this is a big one. As we recently saw with the Brexit vote, however, a short-term shock doesn’t necessarily spell longer-term problems. Indeed, after a sharp drop, S&P 500 futures have fully recovered and extended gains early into Wednesday’s trading session.   What direction the market continues to move depends on if Donald Trump reaffirms some of his policies that appear more economically risky. How he deals with NAFTA, for example, could either reassure markets or rattle them further. He will face considerable pressure to start putting policy specifics in place very quickly.   The other piece of the puzzle will be how Trump works with the Republican Congress. On the face of it, this should be a good partnership, as all are from the same party. At the same time, Trump’s relationship with the party has been fraught throughout the campaign, and some of his policies are at odds with Republican orthodoxy. Certainly, his victory speech was encouraging in this regard, as he asked for the support of those who did not back him, and everyone involved has substantial incentives to act in unison.   There are real risks here, for the economy and the markets, but they are largely under the president-elect’s control. He has the ability to steer the situation with markets by offering clarity on economic policy and by working closely with the Republican Congress. It’s also important to note that many of Trump’s stated policies, such as those related to tax cuts and infrastructure spending, would actually stimulate the economy and could well lead to faster growth in the short term.   U.S. fundamentals remain solid With economic growth continuing and companies returning to profit growth, the fundamentals of the economy and the markets are sound. The real question here is whether Trump’s election will disrupt that. Absent policy mistakes, there is no fundamental reason that it should.   Despite the significant political differences between the two candidates and the concerns expressed on both sides, the short-term impact of the election could well be minor from an economic perspective. Although there will inevitably be a period of adjustment and possibly volatility, if Trump works effectively with the Republican Congress to enact economically positive policies, the strong fundamentals should act to support both the economy and the financial markets.   In short, although the coverage of Trump’s victory is every bit as dramatic as the victory itself, the fundamentals remain positive and should stay that way. The U.S. economy has weathered many ups and downs since the financial crisis, and this election could be just one more bump in the road. #Inaug2017   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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Top Business Stories 2016- Tesla Wants to Power Your Life

The year 2016 was indeed a year for global happenings that will have long-lasting impacts on every continent across the globe. We shared our commentary on a couple that made the Reuters Top Business Stories of 2016 and while still relevant, we thought it was worth glancing back at those stories.

 

TESLA WANTS TO POWER YOUR LIFE: A climate change presentation by Elon Musk this October contained a surprise no one saw coming -- solar roof panels from Tesla that would allow you to power your house ... READ MORE   Commentary: 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.   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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Top Business Stories 2016- The Specter of Brexit

The year 2016 was indeed a year for global happenings that will have long-lasting impacts on every continent across the globe. We shared our analysis on a couple that made the MSN Top Business Stories of 2016 and while still relevant, we thought it was worth glancing back at those stories.  http://midwest-wealth.com/brexit-should-we-be-worried/

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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From Indianapolis to Irvine: everyone, everywhere should have a budget.

Here’s a surprising, but not encouraging fact: Americans, whether they are from the Midwest in Indianapolis or out west in Irvine, aren’t very good at saving. How many of us have $1,000 in the bank? Only about 30 percent. And almost half of us couldn’t even cover a $400 emergency.   This lack of saving is even more concerning when you think about the costs of raising a family. In 2013, according to the U.S. Department of Agriculture, raising a child born in 2013 to the age of 18 will cost you just over $245,000. And that cost is before you take into consideration family vacations, college funding, and other “extras.” Multiply that by two, three or four, and you’re running a million-dollar household.   Thankfully, there are steps you can take to effectively take control of your finances, and that is by using a budget. Even with this straightforward strategy, a recent study by U.S. Bank shows only 41% of Americans are using one.   No matter where you stand financially, a budget should be a priority. Having a budget will help you determine how much you’re spending. And when you line the numbers up, they won’t lie. You know where your income is going, and what things you can cut back on to free up some finances and help reprioritize your saving power.   When you do build your budget, make sure to account for every dollar you make and make sure you cover the necessities first. (After all, do you really need that grande latte?). It also helps to use some budgeting software. There are a lot of options to choose from, and you don’t necessarily need a program with all the bells and whistles to accomplish your goals.   One more thing to remember: Budgeting is an ongoing process. Your expenses will probably go up and down over time, so don’t assume that the budget you make today is going to be the exact one you follow a year from now. Keep aware of little changes in your expenses, (gas prices going up, did you account for that?) and act accordingly.   If you would like to learn more about budgeting and how it affects your wealth management strategy, we invite you to learn more at www.midwest-wealth.com or call us at 877-243-2132.

 

References: Are Your Kids Ruining Your Retirement Plans? US News. 12, May 2016. Backman, Maurie. Nearly 3 in 5 Americans are making this huge financial mistake. CNN Money, 3, Oct. 2016. Gordon, Whitson. Top 10 Tricks for Building the Perfect Budget.

 

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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3 things to consider to minimize risk and build a wealth accumulation strategy.

Risk management is an important element of a well-balanced portfolio and once of the most considered areas when building a wealth accumulation strategy. An advisor’s role is to identify the potential for market loss and then take the appropriate action to minimize the possibility of loss based on the client’s risk tolerance level. Because in the end, the overall wealth accumulation strategy must align your investment portfolio with your overall financial goals. When developing these goals, it’s important to remember a few key points:

 

The Safeguarding of assets. Sec.gov states that the safeguarding of assets “provides reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on the financial statements." Internal controls are key, as well as ensuring compliance with applicable laws and following regulations. These elements are essential for a knowledgeable advisor who is bound by a fiduciary responsibility to build his or her clients’ wealth while minimizing unforeseen risks. The understanding of your limits. For investors, securing downside protection for the long term is becoming a very desirable alternative. Knowing your tolerance limits to market volatility sets the strategy when weighing out the risk to return ratio, as well as providing the ability to manage or reduce risks that cannot be diversified away. This can be especially true for alternative investments, which is one of many reasons why many investors turn Midwest Wealth Management. Our experience dealing with complex types of investments like alternatives can help educated clients and help them decide whether it’s right for them. The ability to minimize losses. A proactive risk management strategy can also help minimize losses by balancing investments with other assets. This is achieved by diminishing a portfolio’s volatility and increasing its durability with such things as alternative investments, which can have a non-correlated performance relative to stocks and bonds.

 

As a private Indianapolis investment group specializing in wealth management, Midwest Wealth Management features investments that may offer significant tax advantages over a standard allocation built with stocks and bonds, and a well-balanced approach between risk and return. For more information, visit us at www.midwest-wealth.com.

 

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.

 

Appendix C. Safeguarding of Assets. SEC.gov. https://www.sec.gov/rules/pcaob/34-49544-appendixc.pdf

 

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. All investments are subject to risk, including the loss of principal. Talk to a financial advisor before making any investing decisions.
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