The Lowry Letter®

Week of 1/27/2020

The first month of the 20’s comes to an end this week! While the year has started on a quiet note for the markets, we remain focused on the following when we meet with clients:

What are your specific goals, and how can your resources be directed in the service of those aims?

This is ultimately more important than what the economy or markets are doing at the time, though a relationship exists.

We learned: that Capital One recently launched a new savings account called “360 Performance Savings” to replace their old online savings accounts. Unfortunately, users must manually opt to join the new savings account. The interest rate for those who do not opt in has been cut in half! We know many of you have used Capital One for liquid savings, so please take note.

We enjoyed: the newest attraction at Disney’s Hollywood Studios- Rise of the Resistance. It is highly immersive, and at almost 20 minutes, one of the longest attractions you can experience. Securing your place does take some extra work, as this lengthy guide demonstrates.

We read: about “The Barnacle ,” a new type of parking enforcement device introduced a couple of years ago to replace “the boot.” It works by completely covering the driver’s windshield. However, people have recently discovered that they can remove The Barnacle from their cars simply by turning on their defrost and sliding a credit card under the device.

We've been: unable to resist the Carne Asada at Los Pollos Grill in Gainesville. The steak is cooked perfectly every time, giving Joe Jr a taste of the southern California delight that he came to love while a missionary there 20 years ago.

We recommend: checking out this master list from Market Watch, if you would like to know the best time of year to get big-ticket items on sale. Coming up… February/March is the best time to buy discounted winter clothing and grills.

Q: I have an inherited IRA. With the new law (The SECURE Act), do I have to empty the account in the next 10 years ?

A: No, existing inherited (beneficiary) IRAs were grandfathered in and can continue to be treated as before. Required distributions are in effect, but over the owner’s lifetime, not the new 10-year timeframe .

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 advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.