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Cheryl Sherrard was recently quoted in an article entitled “Here’s Why It’s Taking so Long to Hit your Money Goals”, in Grow Magazine. She offered advice regarding employee deferrals to 401(k) plans, reminding readers that contributing only up to your employer match amount is not likely to be enough for your eventual retirement. This is an area where employees can make changes to save more quickly for the future. To see the article in it’s entirety, click here.
When was the last time you met with your Property & Casualty Insurance agent? Here’s why you should get to know them. For many of us, our insurance agent is a name on an insurance card, the person we would call if we were ever involved in an accident or if we had a claim to file. The reason we need to get to know our agent is so that they can get to know us and therefore ensure that we are insured appropriately. I recently spent about an hour in my insurance agent’s office to complete a thorough review of my insurance coverage. A higher than anticipated homeowner’s invoice is what prompted me to initiate this session. The agent’s office was more than willing to meet and discuss the policy in detail. We reviewed all the details of our home, including square footage, floor coverings (hardwood, carpet, tile), upgrades to kitchens and bathrooms, outdoor improvements (screened porches, outdoor kitchens), as well as the basics of how many bedrooms, bathrooms, etc. were in the house. After about 50 detailed questions, Read on! →
The last few months have been filled with debate over how the Brexit vote would end. The markets have parroted this debate throughout the month of June with positive and negative swings leading up to last week’s vote. On Thursday, words turned to action and the argument reached a crescendo when 52% of the British citizens participating in the historic referendum, cast their vote to leave the European Union (EU). Much has been written and spoken since, about what this will mean to Britain and the world. Which countries will remain in the European Union, what it will mean to global markets and more broadly, what is the long term future of economic globalization? No one knows for sure how the next few weeks, months or years will evolve. What history suggests are world equity and bond markets will be volatile as news on the economic impact sorts itself out. They (markets) will steady as facts become clearer. Eventually, global markets will resume a more predictable pattern influenced more by traditional financial valuations and less by what seems to be Read on! →
In the last newsletter, I offered my perspective on the Dow Jones Transportation Index (DJTI) in the form of proxies that most everyone finds familiar. As expounded on in March, planes, trains and automobiles are important foundations of a successful U.S. economy and equity market. When reflecting on topics for May’s missive, it became clear while reading Berkshire Hathaway’s latest annual report that expanding on the trifecta might not only be fun, but also prove informative in a very portfolio specific way. It will not come as a surprise to readers who have owned Berkshire Hathaway (BRK.A & BRK.B) for a number of years, or to those who may have just purchased the company stock last year, that its per-share market value experienced a drop of 12.5% in 2015. While somewhat disappointing, we concluded the decline created an attractive discount to the company’s fair market value. Select legacy holdings and new positions were subsequently increased and added, respectively. While it is impossible to predict long term results, we are pleased to share that BRK.B (share class owned by Clearview clients) Read on! →
Many of us are familiar with the Serenity Prayer. Most individuals understand there are areas of their lives which they can’t control, as well as areas which are entirely within their control. Thankfully, having the serenity to accept, the courage to change and the wisdom to know the difference might just make the financial journey more enjoyable. In financial planning, there are aspects which are “known” and entirely in your control. There are also those things which are “assumed”, that may or may not be in your control and that can lead to an uncertain outcome. A well-constructed plan dives into the details of your life, documents the known factors, and makes educated assumptions about what the future might hold and predicts an outcome. Some of the assumptions however, are made in areas that are entirely out of your control and therefore can sometimes seem like a shot in the dark. So what does all of this mean for a secure future? For retirement planning to be most successful, you must distinguish which areas you can control and those you Read on! →