Issue #2  February 2016                                                                                                       
Headline News
  
Some of the news headlines in recent days remind me a little of Chicken Little: "The sky is falling! The sky is falling!" No doubt, all the headlines and reports about the downturn in the stock market can make us uncomfortable. But we're in this for the long term, and if history is any guide, this current situation is short term. I hope you'll take a couple of minutes to watch two brief videos. The first video below illustrates some right (and not so right) ways to deal with market downturns. The second video below shows how $1 invested in the total U.S. market grew from 1927-2014 along with the headlines in Time Magazine. Both of these videos remind us that we should remain calm even when the markets aren't. Also, here's an idea below for something we can control: When is the last time you checked your account beneficiary forms? With certain accounts (especially retirement accounts) the beneficiary form supersedes a will or trust. The article below will explain why it's so important to make sure your forms are up to date (feel free to share the PDF with others). Lastly, in honor of Presidents' Day this month, test your presidential knowledge with this enlightening - and challenging - quiz.

Videos/Articles of Interest


Keep your cool, even when the markets don't cooperate.
Tips



Even major events like wars and recessions generally have little long-term effect on the market's continuing growth.



Avoid unpleasant surprises and ensure your heirs inherit exactly what you intend by closely inspecting any beneficiaries you may have on your accounts.
 
 

Find out if you know your Woodrow from your Taft.

February 2016
 
 Commonly Observed Holidays
Feb 8. Chinese New Year Feb 10. Ash Wednesday Feb 14. ValentinesDay
Feb 15. President's Day (marketsclosed)
  
Financial Dates & Observances
Feb 1. All W-2s, most 1099s due
Feb 14. Medicare Advantage Plans
Disenrollment closes
 
Business & Industry
Feb 11. Pro-Sports Wives Day
Feb 12. NAACP Founders Day
Feb 20-27. Entrepreneurship Week
Feb 21-27. Engineers Week
Feb 21-27. FFA Week
Feb 22-27. America Saves Week

 
Cause Observances
American Heart Month
Black History Month
Senior Independence Month
Wise Health Care Consumer Month
Youth Leadership Month
 
Feb 1. Freedom Day
Feb 1-7. Women's Heart Week
Feb 4. Rosa Park's Day
Feb 5. Wear Red Day
Feb 8. Boy Scout Anniversary Day
Feb 11. Shut-in Visitation Day
Feb 14. Autism Sunday
Feb 16. Kyoto Protocol Day

Special Observances
Bird Feeding Month
Library Lovers Month
Responsible Pet Owners Month
Spunky Old Broads Month
Time Management Month
 
Feb 1. Car Insurance Day
Feb 2. Groundhog Day
Feb 4. Thank a Mailman Day
Feb 5. Shower With a Friend Day
Feb 7. Super Bowl 50
Feb 8. Laugh and Get Rich Day
Feb 9. Mardi Gras
Feb 12. Lincoln's Birthday
Feb 15-16. Westminster Dog Show
Feb 18. Drink Wine Day
Feb 22. Daytona 500
Feb 28. Academy Awards
Feb 29. Leap Day
In This Edition
Headline News
February 2016, Key Dates
Bill's book "It wasn't on my calendar."

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"It wasn't on my calendar. "
 

 


 
Most people do not plan for a medical, mental or aging crisis for a parent-or themselves, and if such a crisis is not on your calendar, prepare now. None of us know what we don't know, and when a loved one's health and/or mind are failing, this is no time to have a crash-course in learning. 
 

  • Who do I turn to for advice? 
  • What kind of questions do I ask?
  • Do I plan a loved one's care for this immediate crisis-or make a plan that includes future needs as conditions worsen? 
  • How do I respond to the many needs: place to live (kinds of facilities), care (who provides and what kinds), costs (and how to pay them), and advisors (finding the right people to handle finances and elder planning).  
If you have more questions than answers, this first-hand guidebook, written by a CPA/ financial planner about his dad's situation, will provide answers. Now you will be able to deal with your own situation with more knowledge and focus.
The information provided in this newsletter is educational in nature and is not intended to be construed as, legal, tax or investment advice and does not necessarily represent the views of the presenting party. Specific federal and state laws relevant to a particular situation may affect the applicability, accuracy or completeness of this information. Material presented is believed to be from reliable sources, but its accuracy is not guaranteed. If additional information is needed, the reader is advised to seek professional services.
 
William Cummings is an Investment Advisor Representative with securities and investment advisory services offered through Transamerica Financial Advisors, Inc. (TFA) Member FINRA, SIPC, and Registered Investment Advisor. Concierge Financial Organization, Inc. and TFA are not affiliated. Neither TFA nor its representatives provide legal, tax nor accounting advice. Persons who provide such advice do so in a capacity other than as a registered representative of TFA.           

LD-055925 - 01/16