Retirement in Sight – August 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – August 2019 QUOTE OF THE MONTH “The heads of strong old age are beautiful beyond all grace of youth.” ROBINSON JEFFERS THINKING ABOUT LEAVING WORK A LITTLE EARLY? The so-called “FIRE” movement (FIRE stands for financial independence, retire early) has garnered so much attention lately, even those who anticipate retiring in their sixties are wondering if they should make a sacrifice or two to exit their careers or businesses a bit earlier. A poll, commissioned by personal…

Unrealized Loss and Gain

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What they are; why they matter. August 19, 2019 For many investors, it can be tempting to think of one’s portfolio in terms of “gains” or “losses.” True, this is a central concept to understanding market behavior, but to truly maximize your investing knowledge, you also need to know about “unrealized gains,” “unrealized losses,” and how they can work to your advantage. As always, the following information is not intended as tax or legal advice. Any financial decision should be undertaken in consultation with your financial advisor and is not…

401(k) Loan Repayment

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A longer repayment time can be an advantage. August 19, 2019 The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for everyone or in every situation. In a true emergency, if you had no alternative, the rules do allow for a loan, but they also require a fast repayment if your employment were to end. Recent changes have changed that deadline, offering some flexibility to those taking the loan. (Distributions from 401(k) plans…

Join Us For BOK Financial’s Economic & Market Outlook Call

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Stay on point with current global economic conditions. Join Jim Huntzinger, BOK Financial Corporation’s Chief Investment Officer, as he and his experienced guests dive deep into specific market challenges and trends, while providing comprehensive analyses that can help inform your own financial strategies. SPEAKERS: Jim Huntzinger, Executive Vice President, Chief Investment Officer Brian Henderson, CFA® President, Cavanall Hill Investment Management Brian Bourgeois, Executive Vice President, President of TransFund Wednesday, July 10, 2019 3:30- 4:30 p.m. CT Conference Call Number: 1.888.317.6003 Participant Elite Entry Number: 3324554   FEATURED TOPIC: Debit Cards…The Past,…

Retirement In Sight – May 2019

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Monthly News and Information for Current and Future Retirees Presented by UPAL – May 2019 QUOTE OF THE MONTH “To know oneself is to study oneself in action with another person.” BRUCE LEE RETIRING WITH A CASH RESERVE Many people want to enter retirement with a) investments that may have benefited from years of growth and compounding, b) a manageable debt position, and c) a cash reserve for emergencies. Just how large should that cash reserve be? There is no simple answer to that question because the answer is different…

Is America Prepared to Retire?

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A look at some ways to get ready. February 26, 2019 Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked about their savings. Worry spots include retiring without enough money saved (16%) and anxiety about having a “rainy day” emergency fund (14%). These findings come from the 2018 Consumer Financial Literacy Survey conducted by the National Foundation for Credit Counseling. (The survey collected data from 2,017 U.S. adults.)1 Only 41% of us keep a regular budget. If you are one of those roughly…

Social Security by the Numbers

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Facts about the federal Old-Age, Survivors, and Disability Insurance (OASDI) program. February 26, 2019 Social Security has been a pillar of retirement life for several decades, but how much do you really know about it? Here are some facts that might surprise you: The Social Security trust fund exceeds the gross domestic product of every major economy in the world, except the nine largest: China, the European Union, the United States, India, Japan, Germany, Russia, Indonesia, and Brazil.1 For 61% of retirees, Social Security is a major source of income.1…

Retirement in Sight – February 2019

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – February 2019 QUOTE OF THE MONTH “What I know for sure is that what you give comes back to you.” OPRAH WINFREY HOW CAN A WOMAN TRY TO PREVENT OUTLIVING HER MONEY? Certain financial decisions may help a woman grow and sustain her retirement assets across the decades to make up for time out of the workforce and the prevalent earnings gender gap. Obviously, one fundamental move would be to start saving and investing for retirement as early…

The Anatomy of an Index

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The S&P 500 represents a large portion of the value of the U.S. equity market January 17, 2019 Did you know that nearly $10 trillion in assets are benchmarked to the Standard & Poor’s 500 Composite Index, including about $3.5 trillion in index assets?1 The S&P 500 is ubiquitous. It is constantly referenced in financial and non-financial media, and we may compare the return of our own investments to its performance. As the index represents approximately 80% of the value of the U.S. equity market (or about 80% of market…

Retirement in Sight – January 2019

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MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – JANUARY 2019 QUOTE OF THE MONTH “Always laugh when you can. It is cheap medicine.” Lord Byron Think of these factors AS YOU think about retirement income If retirement is drawing closer, you will want to ask yourself some key questions relating to your future income. Answering these fundamental questions may help to give you a better picture of the monthly cash flow needs of your retiree household. The first two questions concern time. One, when do you…