The Lowry Letter®

Week of 1/15/2020

We’ve written before about Joe, Jr and Lacy chairing the 2020 Gainesville Heart Ball. If anyone is interested in attending or participating, more information on tickets and support are available at the following link: 2020 Gainesville Heart Ball

We learned: that recent floods have wreaked havoc on St. Mark’s Basilica in Venice. Local officials want to build a floodwall to protect the historical structure from further damage!

We enjoyed: reading about how many successful independent chefs got their start in casual chain restaurants like Applebee’s & IHOP. While not fashionable, there is real benefit to the standard they provide.

We read: an interesting story about a hasty wedding and mysterious phone calls.

We've been: visiting the website Human Progress and read about The Best Decade in Human History.

We recommend: this longish article about the true cost of the 2008-09 Financial Bailout. According to an M.I.T. professor, there was a direct cost above and beyond any profits earned by government loans. It is worth remembering this when bailouts are proposed.

Q: What is your top tip for starting 2020??

A: Aside from reviewing the impact of the SECURE Act, which we will do next week, make sure that you have updated your employer plan contributions for the 2020 limits. There are increases for most kinds of contributions. Making changes now means that the financial impact is spread over the entire year.

Contact your retirement plan provider to make sure you have adjusted accordingly.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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