October 9th, 2020
Pairs well with your 2nd cup of coffee.
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It's felt like Spooky Season for the last 7 months.
Bring it on, Halloween!
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It's a cool Friday morning here in Knoxville...
Although the world has felt spooky for the past seven months, it's almost time for the actual Halloween festivities to take place. Anyone else feel that time is simultaneously flying and moving slowly? Weird.
Any who, our offices are operating at a normal pace. Most everything can be done over the phone, virtually, or via email. We're more than happy to meet you in person when needed. We're so thankful for our patient and understanding clients who adapted to the new normal with us. We want to make planning for your financial future simple. We refuse to let the current health crisis make it more challenging to do business together.
We're looking forward to the holidays and helping you with your year-end financial planning: RMDs, IRA contributions, charitable giving/qualified charitable distributions (QCDs), Roth conversions, and tax loss harvesting! If you're new here, or a current client needing a review, we invite you to go ahead and fill out our annual client review questionnaire (takes about 10 minutes... after you submit, we'll respond back to find a good time/place to meet with you).
We hope you have a wonderful October! in this e-news edition, we talk about planning for the golden years, if stocks can predict who wins the election, and an quick office update.
But first, we want to share a fall bucket list:
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☕ If you want to stay home:
Bake something besides pumpkin pie. Like Blackberry, Apple and Gingerbread crumble or some glamorous candy apples.
Start a journal! You'll have plenty of memories to jot down through the holidays.
Light a fall scented candle, put on a cozy sweater and socks, and drink cider while watching a movie.
🌆 If you want an adventure:
Go Antiquing! (There's just something cozy about it).
🎃 Entertaining the kids:
Rent a rustic cabin in the woods for a long weekend.
Visit a pumpkin patch.
Host a scavenger hunt in your yard!
🍷 Adults only:
Visit a brewery and enjoy a pumpkin beer!
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Keep Living Invested,
(865) 226-9982
connect@tvamp.com
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October Spotlight: Planning for the Golden Years |
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These factors will affect your Golden Years:
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Increased longevity and/or early retirement are giving Americans more “golden years” to enjoy–and to plan for.
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Inflation, whether high or low, affects investment dollars steadily, year-by-year reducing their “real” value and, thereby, reducing the purchasing power you will have to make your retirement dreams a reality.
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Escalating medical costs affect both young and old, but can be devastating to retirees on a fixed income.
Step 1: Define what do you want your retirement to be like... More time to spend with your grandkids? Traveling the country? A comfortable home on the lake?
Step 2: We'll help you attach a monetary value to your goals.
Step 3: We'll evaluate where you are today and go through a complete retirement planning checklist with you.
Step 4: We'll explore your basic sources of retirement. (Social Security, workplace retirement plans, VA benefits, investments, etc.)
Step 5: We'll setup a personal investment plan and help you invest prudently. We'll monitor and adjust as needed!
You can read this full article on our blog. Or, if this brought anything to mind that you need to talk to your TVAMP advisor about, use the form on on their page to send them a secure message. Don't have a TVAMP advisor, but could use our advice? Send an email to our secure inbox: connect@tvamp.com
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A one minute video on how to set and keep your financial goals. |
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Can stocks predict who will win the election?
If stocks are higher, the existing party tends to win, while if stocks are lower, the existing party tends to lose. This indicator accurately predicted the winner 87% of the time (20 of 23) since the late 1920s. Check out the chart below.
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History shows it's not who's in office, it's the election process that spooks stocks...🦇
One of the questions we’re getting is whether you should sell ahead of the election for fear the party they don’t want to win takes over the White House...
As tempting as this might be, we would continue to focus on the economy instead. “Whoever wins the election in November is going to take over an improving economy and one that likely won’t see a recession in 2021—and that matters more to stocks,” explained LPL Financial Chief Market Strategist Ryan Detrick.
Watch his video explanation below.
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Even when we can't be together in person:
* You can become a client of ours completely online and/or over the phone
* Most paperwork can be filled out online
* You can view your accounts online
* We're only a phone call or email away
* We have virtual meeting capability
* We have a secure online file sharing solution (for when you need to send us confidential documents)
Call us if you need to do any of these things (865) 226-9982.
As a quick financial check-in during these crazy times, we put together this short questionnaire. Your answers will be sent securely to us and then we'll respond with some helpful information.
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TVAMP is open and ready to assist you!
8:00 AM - 5:00 PM Monday - Thursday
&
8:00 AM - 4:00 PM Friday
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Getting ahead of ourselves... |
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🤔 Have an idea or something you'd like to see us talk about next month? Email connect@tvamp.com
⏩ Feel free to forward this email to a friend so they can enjoy the same insight you receive!
🤝 If you'd like to schedule a time to talk with one of our advisors, please send an email to connect@tvamp.com or call us at (865) 226-9982.
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Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through TVAMP, a registered investment advisor, and separate entity from LPL Financial.
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