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Who Do You Rely on for Your 401(k) Investment Strategy?

By Yvonne Marsh, CFP®, CPA

Did you know that 6 in 10 people think their 401(k) will be their biggest source of income in retirement?  Which makes sense when we consider that more than 73% of the employer pension plans that existed 20 years ago are now closed, frozen, or terminated.  We’re on our own when it comes to creating retirement income using our employer-sponsored retirement plans.

Your employer chooses which investment funds to offer within the plan, but they are prohibited by law from giving you investment advice.  It can feel overwhelming when it comes to knowing which funds to pick and how often to rebalance.  And who has the time or energy to research investment options after a long day at work?  That’s where our new service, Plan Confidence, can help.

A recent Schwab 401(k) participant survey found that more than 77% of people said they would be “extremely confident” or “very confident” in their investment choices if they had the help of a professional.  And in fact, a study published by the Vanguard Group in 2014 finds that using a professional investment advisor boosts your average return by 3% over time.  The increase comes from improved portfolio diversification, regular rebalancing, and behavioral coaching.

Using specialized software tools, we can provide customized 401(k) investment advice.  And it’s easy!  There is no need to roll your account over to an IRA.  Your money stays right where it is – in your 401(k) plan, and we help you choose from within the options offered.   

Step 1: We assess your risk tolerance with an easy-to-use questionnaire.

Step 2: Within your password-protected Plan Confidence account, we create personalized investment recommendations using your existing 401(k) options.

Step 3: We give you step-by-step instructions on how to implement our suggestions.

Step 4: We send you friendly quarterly reminders with rebalancing instructions and any updates.

With 24/7 access to your Plan Confidence account, you can review your recommendations and change your risk tolerance at any time. It’s easy to try because there is no long-term contract. And it’s economical: Monthly fees range from $35 to $95, depending on account size.

If you’re one of the 6 in 10 people who think your 401(k) will be the biggest source of income in retirement, don’t guess at your investment choices.  Get started building your Plan Confidence today.

Marsh Wealth Management, LLC
504 Ebenezer Road
Knoxville, TN 37923
865.622.2162
www.marshwealth.com

Sources: Charles Schwab 2016 401k Participant Survey.  Retirement Offerings in the Fortune 500: A Retropective, WillisTowersWatson, Feb 2018.

Financial Planning & Investment Advisory Services are offered through Marsh Wealth Management, LLC (“MWM”), an independent investment advisor registered with the state of Tennessee. Yvonne Marsh is an Investment Advisor Representative of MWM in the state of Tennessee. Marsh Professional Group, LLC, is a TN registered public accounting firm and a separate legal entity from MWM. For a detailed discussion of MWM and their investment advisory fees, see the firm’s Form ADV on file with the SEC at www.adviserinfo.sec.gov.

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Discover Your Company’s Marketing Sweet Spot with Graphic Creations

“We view Jim and his team as an extension of our business,” said Matt Mincer, former professional golfer and co-owner of Brown Bag restaurants. Matt was referring to Jim Caughorn, owner of Knoxville-based Graphic Creations, and his talented team of marketing and graphics professionals. “Brown Bag is pretty good at the few things we focus on, but when it comes to design and printing of marketing materials, we need help; Graphic Creations is the perfect fit for us.”

Brown Bag, which launched its first restaurant in Knoxville in 2009, now has five locations in Tennessee, North Carolina, and Texas. Brown Bag’s objective was to create delicious, healthy, and affordable catered options as an alternative to the often greasy and heavy take-out food offered by many restaurants.

“We think we have built a menu that you can eat five days a week and feel like you’ve done something good for your body,” said Matt.

“When we started to think about our growth as a business, we sought the help of Graphic Creations. Within minutes, we had some of the most creative and energetic people thinking through ideas and planning for our business. We never could have done this on our own. The best part is that we get to spend our time doing what we do well and let Jim and his team take care of the rest.

“I’m sure that I’m not alone in wanting to know that my investment in marketing is going to produce results. With so many options out there, it would be easy to make a costly mistake. It is very encouraging to know that the people working for you have the knowledge and expertise to lead you in the right direction.

“Brown Bag’s success has led to expansion, with several new locations opening in the last five years. Graphic Creations has helped us provide our customers with a consistent, personal experience, no matter which store they walk into.”

If you want to discover your Marketing Sweet Spot, contact Jim and his team at Graphic Creations today.
Graphic Creations
213 E. 4th Avenue
Knoxville, TN 37917
865.522.6221
info@graphiccreations.com

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Vincent’s

Diamonds in the Rough?

Transform Your Diamonds and Fine Jewelry into Cash

Vincent’s Jewelry, with offices in Knoxville and St. Louis, has been offering individuals who wish to sell their diamonds, quality gemstones, gold, and fine jewelry a totally new and innovative selling experience. Vincent’s owner and founder, Vince Riggio, has totally transformed the once typical selling experience for persons wishing to sell unwanted gemstones and fine jewelry.

“We offer sellers an upscale, safe, private, and secure environment in which to conduct a confidential, no-cost, no-obligation consultation,” said Vince. “We also offer them the peace of mind that comes from dealing with an experienced professional who began his career in the quality diamond and fine jewelry business back in 1961. I’ve been fortunate in my career to have met many of the leaders in the world diamond marketplace and to have been privileged to work with many of the nation’s premier jewelers. I’ve loved every minute of this fascinating and fast-paced industry, and the thought of retiring has never occurred to me.”

Vincent’s purchases diamonds of all shapes and sizes, as well as fine jewelry, sapphires, and rubies, from both individuals and estates based on today’s market prices.

If you’re considering selling your precious gemstones, diamonds, or other fine jewelry, why not trust the name that has earned a half century reputation for integrity, experience, confidentiality, and courteous service: Vincent’s.

Vincent’s
123 Center Park Drive, Suite 214
Knoxville, TN 37922
865.392.5358
www.sellmyjewel.com

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Destiny Adoption Services

Compassionate Care to Help Shape Your Destiny

Destiny Adoption Services strives to expand families through private adoption while simultaneously honoring our Birth Mothers through various support services. Destiny Adoption Services provides home studies, adoption education, post-placement supervision, and many other services to prospective adoptive applicants.

There are two advocates involved during the adoption journey: An Adoptive Parent advocate and a Birth Mother advocate. Support is also available for Birth Fathers in the form of education pertaining to adoption and the importance of his role in assisting the Birth Mother with selecting an Adoptive Family. Feeling supported by an individual that is tasked with the sole responsibility of maintaining that your voice is heard brings an element of comfort to what can be a bittersweet and difficult journey to maneuver through. Destiny Adoption Services believes in matching an Adoptive Parent(s) with a Birth Mother based on preferences and not on a tier system or required waiting period prior to being considered for a match.

Every adoption journey is unique in terms of preferences on behalf of both the Adoptive Parent(s) and the Birth Mother. Factors to consider pertaining to preferences on behalf of the Adoptive Parent(s) entail a comfort level with the Birth Mother and Birth Father’s physical and mental health history, as well as her extended family. An Adoptive Parent(s) will complete two worksheets for their comfort level preferences and openness level preferences. Likewise, a Birth Mother and Birth Father will discuss their preferences for an Adoptive Parent(s) with her advocate such as religion, race, career profession, married vs. single status, sexual orientation, and so forth.

With a noticeable gap in post-placement services for Birth Mothers, Destiny Adoption Services intends to close this gap by offering free lifetime counseling to Destiny Birth Mothers in addition to a Birth Mother Support Group that is open for any Birth Mother to join. Post-placement support services for Birth Mothers also include community resource linkage, educational support regarding assistance with entrance applications and applying for financial aid, employment assistance regarding interview tips and résumé writing skills, and many other services.

Our staff at Destiny Adoption Services intends to show up at those important events for our Birth Mothers throughout their lives as a way of honoring them and continuing to assist them in shaping their own destiny in a positive way. At Destiny Adoption Services, we believe that taking care of our Birth Mothers through providing post-placement support is the best gift that we could ever give her child and the adoptive family. Destiny Adoption Services would like to shine the light on the Birth Mother’s perspective of the adoption journey to promote awareness regarding these amazing and courageous Birth Mothers we are honored to serve.

Destiny Adoption Services
13047 Kingston Pike
Farragut, TN 37934
865.392.6261
www.destinyadoption.com

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Knox Graphics & Designs

Your Competitive Advantage

By Jesse C. Boling, Owner of Knox Graphics & Designs

Knox Graphics & Designs is more than your full-service sign and graphics resource. That’s because we combine our firsthand knowledge of East Tennessee’s entrepreneurial community with our years of graphics and marketing expertise. We have had the privilege of assisting in the launches of multiple start-up businesses and the support of existing companies with logo design, branding, website creation, social media optimization, product labeling, embroidered apparel, advertising specialties, and much more.

Knox Graphics & Designs offers a wide selection of products and services, including traditional signage such as real estate signs, yard signs, business signs, banners, posters, and window decals. We can also design and print business cards, flyers, brochures, booklets, name tags, and a large assortment of promotional items such as pens. We create and print t-shirts, hoodies, and other apparel items while providing our own in-house embroidery service to personalize a wide variety of clothing items. We also offer an in-house notary public service, copying, scanning, emailing, and digital filing.

With our in-house graphics designer and our knowledge of Knoxville’s thriving business community, Knox Graphics & Designs has the expertise to transform your vision for your company’s future into a reality by helping you successfully differentiate you from the competition. Our clients include local government agencies and large and small businesses, local and national sport teams, churches, community fundraisers, and campaigns.

Discover your competitive advantage. Call Knox Graphics & Designs at 865-777-5669 today!

Knox Graphics & Designs
10965 Kingston Pike
Knoxville, TN 37934
865.777.5669
www.knoxgraphicsdesigns.com

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Bitsy Advisor

Live More with All the Money You Won’t Be Paying an Investment Advisor
By Forrest Tuten, Founder of Bitsy Advisor

During the course of the last 10 years, we have watched the Dow Jones Industrial Average increase nearly 300%. Translation: $100,000 10 years ago would be worth $400,000 today. Many of us affected by the recent Great Recession chose not to reinvest, fearing the other shoe would drop. All of us, however, with what we know now, wish we had participated in the historic boom. Just imagine how our futures might have changed if we didn’t lose much in 2008 and had reinvested in March of 2009 at the turn? It’s not always easy to know the right thing to do.

That’s why I originally chose a career as an investment advisor. But despite my enthusiasm for my career and my dedication to my clients, I soon discovered a significant level of skepticism on the part of potential clients. When asked what I did for a living, responding with: “I manage money,” I immediately saw that predictable “Oh, you and everyone else” look.

Would-be investors are torn between self-directing their own investments and hiring an investment advisor. They ask themselves: Do I possess the necessary skills and time needed to self-direct? Does an investment advisor really have my best interests in mind? And what about all those fees?

How about some transparency? The more an advisor manages, the more they make, often without having to deliver more in service. A $1 million client might pay $10,000/year in management fees, or 1 %, yet a $2 million client pays $20,000/year simply because they have more, often without receiving double the service. It becomes easy to understand the level of skepticism that exists among the investment public. Would you pay two, three or even four times as much for a similar burger at a restaurant than your friend would simply because you have more money than they do? No, I wouldn’t either… that would be ludicrous! Most people don’t realize or, even worse, don’t want to come to terms with the fact that their advisor is drastically overcharging them, without the requirement to deliver significantly more in investment returns.

The keys to successful investing are pertinent information to make sound investment decisions and, even more importantly, knowing when to act upon such information. Most people don’t have access to such information or how to make sense of it, except through their advisor, until now.

What if you had access to such information, knew when to act on it, and it cost a fraction of what you pay now? Wouldn’t that allow you to keep more of what’s already yours? It is your money, right? What if the advice also had a 15+ year history of excellent investment returns?

Meet Bitsy Advisor, a flat-fee, subscription-based investment advisory service that simplifies time-tested investment advice while significantly reducing cost to the consumer. Save money and get great advice!

My partners and I created Bitsy Advisor to change the world that you’ve been investing in, to help you achieve the financial security that you dream of for you and your family, and to empower you in your continued financial success. We wanted to level the playing field so that you could achieve more.

Bitsy Advisor can’t guarantee investment results, but we can guarantee putting more of your assets to work for you – money that you’re currently paying in hefty annual investment fees. And the best thing is that you’ll get simplified advice from some of the best investment analytics firms in the business, all in our user-friendly web platform.

Bitsy Advisor puts you in control by giving you full, on-demand access to advice, results, and even an advisor. Bitsy Advisor is fully compliant, responsive, and effective at simplifying large amounts of information into very short “bits” so that you can be in the know without much effort. A user can create an account and be ready to go in just minutes, unlike most investment advisory firms.

We’re excited about the positive change Bitsy Advisor will make to your investment strategy and to other investors across the nation. Bitsy Advisor represents a far superior alternative to what exists today, with more fairness, transparency, and savings without sacrifice in quality. We are passionate about our clients and our product.

Welcome to a better financial well-being. To learn more, visit www.bitsyadvisor.com.

Bitsy Advisor
www.bitsyadvisor.com

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Ms. C’s Bed & Biscuits

The Real Benefits of Doggy Daycare

Dogs are special species living in our strange human world with different needs than ours. Dogs believe humans have strange customs and weird rules. Humans don’t enjoy being jumped on or nipped in the butt when playing. That’s just plain weird to your dog. Our dogs have adapted to living in our households, but they still yearn for the same species sounds, smells, and interactions. It’s nice for your dog to forget about our human nonsense and “just be dogs.” You can make this happen at doggy daycare.

Not all dogs are the same, and there are some who are not well suited for a group daycare setting. An honest evaluation of your dog’s behavior and personality can determine who he or she will play with well. Most dogs benefit from having regular interactions with other dogs, even if it’s just sight and smell. At Ms. C’s, we pair your dog with other like-size dogs with similar personality and play behaviors.

Daycare is beneficial to dogs whether they attend once a week or every day. Benefits include:

» Socialization – Dogs need to be around other dogs to learn the dos and don’ts of how to play nicely with others. If your dog is not exposed to other dogs regularly, they can become anti-social, which can result in reactivity, anxiety, and aggression towards other dogs. For a dog to be social, they need consistent positive social interaction with other dogs.

» Exercise – Walks are mandatory for a healthy dog, but unless you’re speed walking or running, you’re barely scratching the surface of a dog’s exercise needs. Nothing can replicate the energy expenditure of dogs playing together.

» You get a break – We lead hectic lives – long hours at work, running errands, shopping, taking kids to special events, everyday chores – with no hours left in the day to relax. You can’t rush home to let the dog out, but he’s been home all day and needs to go potty. Responsible dog care requires a considerable investment of time.

Doggy daycare gives you a much needed break without feeling guilty. Dogs come home happily tired, ready to rest. A win-win for all! Call to discover how your dog can benefit from doggy daycare. Ms. C’s offers daycare from 7:30 am to 6 pm Mondays, Tuesdays, Thursdays, and Fridays.

Ms. C’s Bed & Biscuits
2145 Beals Chapel Road
Lenoir City, TN 37772
865.986.6325
www.MsCsBedandBiscuits.com

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Marsh Wealth Management

What Every Woman Should Know

By Yvonne Marsh, CFP®, CPA

Ladies, do you ever feel like you’re juggling so many balls in the air that if someone hands you one more ball, it’s all going to come crashing down? Now add into the mix the startling statistic that 75% of unpaid caregivers are women, and those caregivers are providing 20 hours/week caring for their mother. Being a woman is a two-edged sword when it comes to long-term care (LTC) – we are both more apt to be the caregiver and the one ultimately needing care.

Sociological expectations dictate that women step into the role of caregiver first and indeed handle the most difficult tasks of helping with toileting, bathing, and dressing. The sacrifice of these caregivers is not just personal time – it is the physical stress of caregiving, time lost toward their career, parenting their own children, or leading a healthy lifestyle.

Women are more apt to need care too. We live longer than men, are more predisposed to Alzheimer’s and dementia, and, in fact, typically need LTC for 1.5 years longer than men. But as widows, we are more likely to live alone, with no one to help with daily activities, and have less household income.

Here are three simple steps to help you prepare for these challenges:

1. Think about your life and the impact if you or a loved one would need care. Can you provide it without sacrificing your own career or financial well-being? Can you physically perform the tasks, or can you pay someone to do it for you?

2. Plan for LTC as a family. Talk with your spouse, siblings, parents, and in-laws. Have a group meeting with a financial professional versed in LTC planning who can provide planning options and facilitate the discussion.

3. Call us or visit www.marshlongtermcare.com and request a complimentary copy of Don Quante’s book, Don’t Go Broke in a Nursing Home, to start educating yourself on the many positive ways to solve the LTC challenge. Learn about veteran’s benefits, asset-based LTC solutions that also provide a death benefit for your heirs, and how to leverage the cash value in existing annuities or life policies for tax-free LTC.

LTC costs can derail the most carefully thought out retirement plan, so get started today – there’s no time to waste.

Marsh Wealth Management, LLC
1341 Branton Blvd, Suite 105
Knoxville, TN 37922
865-622-2162
admin@marshpros.com
www.marshwealth.com

Article Source: What every woman should know about long-term care, Lincoln Financial Group white paper, 2017.

Financial Planning & Investment Advisory Services are offered through Marsh Wealth Management, LLC (“MWM”), an independent investment advisor registered with the state of Tennessee. Yvonne Marsh is an Investment Advisor Representative of MWM in the state of Tennessee. Marsh Professional Group, LLC is a TN registered public accounting firm and a separate legal entity from MWM. For a detailed discussion of MWM and their investment advisory fees, see the firm’s Form ADV on file with the SEC at www.adviserinfo.sec.gov.

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Are Hidden Fees Hurting Your Investment Returns?

By Yvonne Marsh, CFP®, CPA

A recent TV commercial caught my eye where a young son asks his dad how his investment advisor gets paid, and the dad admits he doesn’t know.  The truth is, it’s hard to know!

So what is an investor to do?  Research your current investments, and know what questions to ask.  Here are a few tips:

  • For mutual funds, know what share class you own. Look at your statement and see what it says: CL A, CL B, CL C, or CL I after the mutual fund name.  This Class letter is how your broker gets paid – whether it’s a front-end purchase load (A share), a back-end sales load (B), or a C Share with no load but a higher, ongoing fee. Loads can range from 3% to 5.75%, so it’s important to know which ones you have.  Class I shares, used by flat-fee based advisors, don’t have loads.
  • Know what 12b-1 marketing fee you’re paying. Look up your mutual fund on an independent site, such as Morningstar.  Depending on your Class A, B, or C, it can range from .25% to 1.25%.  Class I shares don’t charge 12b-1 fees.
  • While you’re looking at your 12b-1 expense on Morningstar, also take note of the “expense ratio.”  That’s an operating expense charge and netted against the investment return.  Investing in low cost funds should be an important part of your strategy.
  • Look at the Schedule D on your tax return. How much capital gains and losses is your advisor creating?  If your broker is actively trading your account, it can really hit home at tax time.  Tax-managed mutual funds are an important part of an effective investment strategy.  The adage “It’s not what you earn, it’s what you keep” is very true.
  • Lastly, know whether your advisor works through a broker or registered investment advisor (RIA).  Brokers are held to a suitability standard of duty and are paid through commissions, loads, and 12b-1 fees. RIA’s are held to a fiduciary standard of duty. They are paid an investment advisorya flat fee based on your portfolio assets and don’t receive loads, commissions, or 12b-1 fees.

Want to know what fees you are really paying? Call today to set up your complimentary meeting.  We will give you a clear understanding of your current investments’ costs using third-party, objective software. consultation, or bring a friend and join us at our next Lunch ‘n Learn at Lakeside Tavern to learn more.

Marsh Wealth Management, LLC
1341 Branton Blvd, Suite 105
Knoxville, TN 37922
865.622.2162
admin@marshpros.com
www.marshwealth.com

Financial Planning & Investment Advisory Services are offered through Marsh Wealth Management, LLC (“MWM”), an independent investment advisor registered with the state of Tennessee.  Yvonne Marsh is an Investment Advisor Representative of MWM in the state of Tennessee.  Marsh Professional Group, LLC is a TN registered public accounting firm and a separate legal entity from MWM. For a detailed discussion of MWM and their investment advisory fees, see the firm’s Form ADV on file with the SEC at www.adviserinfo.sec.gov.

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No Long-Term Care Solution?

A man in his late 80s, suffering from both dementia and routine falls, could no longer be cared for by his wife in their home. Their only option available was a skilled nursing facility costing more than $70,000 annually. They had a small amount of savings, a modest home that was mortgage free, a small pension, social security, and no long-term care insurance. Since he is in good physical health, he may require care for several years. The wife’s only options are to deplete her savings and sell their home, leaving her with very little security should she require medical attention in the future.

Almost universal among seniors is the desire to maintain their independence and not become a burden to their children. And yet for seniors who have made no financial preparations and then later need assisted-living or long-term care, they could in fact become a burden to their families in both emotional and financial terms – far beyond what they might have imagined. Eroding the security of a surviving spouse and depleting their children’s retirement savings are just a couple ways that families are impacted.

Seven out of 10 people will need at-home care, assisted living, or full-skilled care, yet less than 20% of people have long-term care protection. Why? Conventional long-term care insurance costs have become excessive, with some premiums even doubling in just five short years. Also, you lose every dollar you pay into it if you never need it.

But there is an exciting and affordable alternative to conventional long-term care that is available for both individuals and couples called Asset Based Long-Term Care. Essentially, you make a one-time investment (or multiple payments) and receive a multiplied amount that can be used, tax-free, for long-term care costs. If you don’t use your insurance, the amount you paid plus interest can either be left to your heirs or withdrawn by you later in life. You can even use IRA money to fund your investment.

Is Asset Based Long-Term Care insurance right for you? To learn more, contact Yvonne Marsh, CFP®, CPA, at Marsh Wealth Management at 865-662-2162 today for a complimentary consultation.

Marsh Wealth Management
1341 Branton Blvd, Suite 105
Knoxville, TN 37922
865.662.2162
www.marshwealth.com

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