June 2023 Newsletter

Portfolio Rebalancing: What? Why? When?

Have you ever received a Raymond James trade confirmation (or several), and quietly wondered what it was for? It was probably the result of an action I took on your behalf. My name is Jessie Schlanderer, and I am an Investment Analyst and Wealth Advisor here at Stephens Wealth Management Group. In addition to serving on our Investment Committee and advising clients, I am also the primary Portfolio Implementation Manager for the team—that is, the person in charge of trading your accounts once we have analyzed them.

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Pension & Buy-Outs – Critical Considerations

Are you or someone you know faced with a decision around whether to take your pension or buy-out in a lump-sum or through periodic annuity payments? If so, you probably know it is a complicated decision.

  • How long do you think you’ll live?
  • Does the plan allow for your spouse or heir(s) to receive payment if you die?
  • What is your tax situation and what will it be in the future?
  • How comfortable are you with market ups and downs?
  • How do the options impact your estate plan, beneficiaries, and gifting expectations?

There is much to consider, and we hope this podcast will help you better understand your options.  Please reach out to talk through your options with a SWMG financial advisor.

Listen to the podcast with Sherri Stephens and Jill Carr:

DOL Calculator:

Resources to Navigate the Retirement Years

When my dad got sick, my family worked hard to navigate his care in the best possible way. Having no previous experience as caregivers, it was truly a fish-out-of-water situation. We had to learn how to be his health care advocates, and sometimes it left us second guessing if we were even asking the right questions or trusting the right people with his care. And, while my family’s story is not unique, it highlights the importance of not simply planning for retirement but planning for longevity in retirement – all the years it might last, all the ways life may change, and all of the events you can’t foresee.

As a financial planning firm, we work through conversations around every facet of planning: navigating care, supporting conversations around quality of life, and financial implications. Serving as our client’s center-point, we’re also able to leverage Raymond James’ longevity resources. Thoughtfully cultivated, these third-party services help navigate the retirement phase in both a purposeful and personal manner. Thriving in retirement is unique to every person, and the below services are available when additional care is needed:

  • Medicare Planning
  • Fraud Monitoring Protection
  • Identity Theft Prevention
  • Home Health Care
  • Aging in Place
  • Caregiving Resources
  • Senior Living Placement

There’s much to consider when it comes to how you will live in your retirement years – from selecting the right Medicare plan, to finding a ride to the grocery store, or like in the case of my dad the possibility of a health episode. A life-centered and collaborative approach to retirement planning is how we live our firm’s motto every day, “Leave Nothing to Chance”.

While thinking through your healthcare, wellness, and long-term quality of life, our team is here to provide resources and support. Please use the links below to learn more about our longevity resources.

Longevity Planning Solutions:

EverSafe – help protect your money, credit, and identity by monitoring your bank and investment accounts, credit cards and credit reports for signs of suspicious activity.

Broadspire Care Management – supports those caring for loved ones who are aging or disabled and helps address the challenges and taking on responsibilities such as interviewing and screening in-home caregivers, coordinating medical visits and planning outings.

ClearMatch – work with a licensed agent who can provide unbiased service to help you choose a plan that aligns with your health and financial need.

PinnacleCare – healthcare concierge service that can advocate for you in the case of a major medical issue

If you would like to learn more about Longevity Planning Solutions, please let us know at info@stephenswmg.com.

MaryAnn White

Expecting a New Baby or Grandchild?

Congratulations from all of us at Stephens Wealth Management Group.  During exciting times like these it is also important to think about how this new addition impacts your money, wealth, and estate planning.

Here are 8 planning ideas that we encourage you to consider:

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My  Learning Ledger – Financial Management Tool for Kids

We have a great book for children (ages 5 – 12) to use as they learn the fundamentals of managing money.  It teaches kids how to manage their allowance, as well as the meaning of basic banking terms and how to use simple math to support their money management system.  There are several interactive activities kids can do in the Learning Ledger.  Here are some of the key lessons’ children will take away:

Preschool: Connection between money and things
Kindergarteners: Counting money
First Graders: Identify connection between money and work
Second Graders: Making spending decisions
Third Graders: Making a plan, start a budget
Fourth Graders: Investing your money for future wants/needs
Fifth Graders: Family income (careers)
Sixth Graders: Mixed economies
Seventh Graders: Types of incomes (hourly, salary, commission, etc.)

If you would like a Learning Ledger to give to a special child in your life, please let us know at info@stephenswmg.com.  Please include who the Learning Ledger is for and their address, if it is not your own.

*Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Stephens Consulting, LLC, doing business as Stephens Wealth Management Group (SWMG), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Stephens Consulting. Please remember that if you are a SWMG client, it remains your responsibility to advise us, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, they are encouraged to consult with the professional advisor of his/her choosing. SWMG is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. A copy of SWMG’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Links are being provided for information purposes only. SWMG is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. SWMG is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.

Please Note: Stephens Wealth Management Group does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to SWMG’s website or newsletter or incorporated herein and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users should be guided accordingly.