Member Advantage Articles

Retirement in Sight – October 2020

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – OCTOBER 2020 QUOTE OF THE MONTH “Somewhere there’s a score being kept, so you have an obligation to live life as well as you can, and be as engaged as you can.” BILL MURRAY ARE CAR OR TRUCK COSTS BLOCKING THE ROAD TO RETIREMENT? On a purely logical level, investing tens of thousands of dollars toward retirement may make more sense than adding an equivalent consumer debt here and now. On a practical level, though, we need…

Annual Financial To-Do List

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  Things you can do for your future as the year unfolds.  Provided by UPAL What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. You have plenty of choices. Here are a few ideas to consider: Can you contribute more to your retirement plans this year? In 2021, the contribution limit for a Roth or…

Election 2020

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Preparing for Any Outcome.  Provided by UPAL  As the U.S. presidential election draws near, expect to see more and more headlines that propose, “What will happen next if this person is elected?” or, “What policy changes to prepare for in the next four years?” In reality, however, it isn’t easy to anticipate what may happen with the financial markets after the November elections. An ambitious investor would have to forecast the election results, evaluate which policies may become law, estimate a potential economic impact, and assess how the financial markets…

Retirement in Sight – September 2020

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – SEPTEMBER 2020 QUOTE OF THE MONTH “Elegance is not about being noticed. It’s about being remembered.” GIORGIO ARMANI COULD YOU RETIRE AT 55? Suppose you suddenly had to, or the opportunity presented itself. This prospect would not call for disregarding your carefully considered retirement strategy, but it would create some challenges. Social Security, Medicare, and popular retirement accounts were all created with the assumption that Americans would need retirement benefits and sources of retirement income, sometime in…

Retirement in Sight – August 2020

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – AUGUST 2020 QUOTE OF THE MONTH “Not everything that is faced can be changed, but nothing can be changed until it is faced.” JAMES BALDWIN FIGURING OUT WHEN TO START YOUR SECOND ACT Many Gen Xers and baby boomers look forward to retiring on their terms. In such a circumstance, the key question becomes when to walk away from work. According to the Center for Retirement Research at Boston College, the average retirement age is now 65…

Retirement in Sight – July 2020

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Monthly News and Information for Current and Future Retirees Presented by UPAL – JULY 2020 QUOTE OF THE MONTH “We are made to persist. That’s how we find out who we are.” TOBIAS WOLFF HAS THE PANDEMIC AFFECTED THE RETIREMENT MINDSET? Each year, the Transamerica Center for Retirement Studies surveys baby boomers, Gen Xers, and millennials to gauge their perceptions about retiring. The 2020 survey, conducted in April, studied the impact of the COVID-19 pandemic and how it may have affected their outlooks. Overall, 53% of respondents said that their…

BOK Financial’s Economic & Market Outlook Call

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Q3 2020 ECONOMIC & MARKET OUTLOOK CALL Scheduled for Wednesday, July 8, 2020 Please join J. Brian Henderson, BOK Financial’s Chief Investment Officer, for our next Economic and Market Outlook call. We will provide a comprehensive market analysis, review the latest U.S. and global economic conditions and discuss what it means for you and your business. SPEAKERS: Brian Henderson, Executive Vice President, Chief Investment Officer Matt Stephani, President, Cavanal Hill Investment Management Mark Buntz, Senior Vice President, Director of Alternative Investments Wednesday, July 8, 2020 3:30- 4:30 p.m. CT Conference Call Number: 1.888.317.6003 Participant Elite…

Retirement in Sight – June 2020

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Monthly News and Information for Current and Future Retirees Presented by UPAL – June 2020 QUOTE OF THE MONTH “The real voyage of discovery consists not in seeking new lands but seeing with new eyes.” MARCEL PROUST   YOU MIGHT SPEND LESS – LATER IN RETIREMENT A 2019 whitepaper by the Employee Benefit Research Institute (EBRI) indicates that Americans tend to spend less as they age. EBRI analyzed a study from the University of Michigan, which tracked spending levels of Americans aged 50 or older for 12 years. Looking at…

Retirement in Sight – May 2020

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Monthly News and Information for Current and Future Retirees Presented by UPAL – MAY 2020 QUOTE OF THE MONTH “Reputation is what other people know about you. Honor is what you know about yourself.” LOIS MCMASTER BUJOLD HOW SHOULD PRE-RETIREES VIEW ILLIQUID ASSETS? Some people approach their retirement years owning illiquid assets worth more than their liquid ones. While long-held illiquid assets, such as a business or home, may become highly valued or appreciated over time, it can be wise to be frank and conservative when estimating their worth, especially…

Pullbacks, Corrections, and Bear Markets

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What’s the difference? What do these terms mean for you? May 8, 2020 The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower. Worried investors believe “this time it’s different.” When the market drops, some investors lose perspective that downtrends – and uptrends – are part of the investing cycle. When stock prices break lower, it’s a good time to review common terms that are used to describe the market’s downward…