Week of 12/14/2022

First, some housekeeping: Joe Jr. will be out of the office from December 19th until January 3rd for an extended family adventure. Joe Sr. will be available during that time, as will Cale and the rest of the team. The November market update is out and available here. For some forward- looking commentary, this post has good information.

We hope that our Jewish friends have a peaceful & Happy Hanukkah! The celebration begins Sunday, December 18th. If you need a refresher on its origins, this is a good review. We appreciate the message of rededication that Hanukkah celebrates. Why do sports teams cost so much? In recent years the sale price of professional franchises has dramatically increased. The Joes are members of the Rotary Club of Downtown Gainesville and recently Joe Jr emceed their annual Water Stewardship awards. The complete event is on YouTube and there is a great presentation on the state of Manatees in Florida starting at 38:49. It is almost resolution time. You might consider this observation from novelist Jeanette Winterson as you contemplate the coming year and spend time with friends and family (via James Clear): “I have noticed that when all the lights are on, people tend to talk about what they are doing — their outer lives. Sitting round in candlelight or firelight, people start to talk about how they are feeling – their inner lives. They speak subjectively, they argue less, there are longer pauses. To sit alone without any electric light is curiously creative. I have my best ideas at dawn or at nightfall, but not if I switch on the lights — then I start thinking about projects, deadlines, demands, and the shadows and shapes of the house become objects, not suggestions, things that need to be done, not a background to thought. ”

Q: What do I need to do to be prepared for the new year? A: One major priority is updating contribution amounts for retirement plans. We have mentioned several times in our letter that contribution limits have increased significantly for 2023. If you are updating 401k or 403b contributions, you can also make sure that your beneficiaries are properly named.

‌ ‌ ‌ 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.