The Lowry Letter®

Week of 9/2/2019

As we prepared this week’s edition, we were watching the path of Hurricane Dorian. Thanks to modern technology, we have the ability to work away from the office when necessary. We also appreciate our relationship with Commonwealth. In the event that weather interrupts our normal office operations, important requests can always be made directly to Commonwealth by calling 800-237-0081 and speaking with the Service Center.

We learned: about the work of Dr. Monica Aggarwal, recently named Researcher of the Year by the Florida Heart Research Foundation. Given our close interest in heart disease, we like her creative approach.

We think: these words from economist James Buchanan are worth remembering: “When I look to the future, I get very nervous but when I look the past, I feel pretty good.” A helpful reminder that every era has specific challenges.

We are reading: Presidents at War, by Michael Beschloss. He is a presidential historian, and this history of our nation’s chief executives during wartime is really fascinating. We strongly recommend it.

We've been: visiting clients in the great state of Arizona, as Joe Sr. makes his quarterly trip to the Phoenix area. We continue to work with clients in many states, and enjoy visiting some of these areas in person when opportunity allows.

We recommend: the music of Michael Kiwanuka. We discovered his first two albums a few years ago and are really looking forward to his new release, “Kiwanuka,” later this year. His music is classified as indie or folk rock, but we don’t think that captures the appeal. We think you’ll like it.

Q: Are there any tips that I can pass along to my adult child? They just graduated from college and are starting their first job.

We have seen surveys, and our own experience bears this out, that many young people withdraw their 401k balance when they change employers rather than keeping it there or rolling it into a new retirement plan. Encouraging them to avoid this choice, and to prepare so that it won’t be necessary, is great advice. Basic ideas like avoiding debt and building a cash reserve are two important steps toward that end.

When preparing for retirement, there is no better ally than time. Allowing that money to grow and compound, even if the amount is small, is a goal they should strive for.

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

Lowry Financial Advisors is the only independent Wealth Management firm that provides The Achieving Simplicity® Experience™ .

The Achieving Simplicity® Experience™ helps to provide clarity and confidence in the personal and financial lives of our clients.