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Ms. C’s Bed & Biscuits

Santa Chooses Safe Toys for Dogs

We’re often asked “What’s a good dog toy for Santa to bring Fido?” Wrong or poorly constructed toys are dangerous. Toys should be fun, safe, practical, and very durable. What is safe for one dog may not be safe for another. Every dog is different, and dog parents need to select wisely.

Kids’ toys are not dog toys! They may look similar, but your child won’t rip into the toy as the dog does. Dog toys must be made to withstand chewing, crushing, and tearing. The stuffing, exterior fabric, and possible batteries inside a child’s toy may pose a risk to your dog. Be cautious of bright colors (which may have toxic dyes) and hollow toys with non-edible fillings. Tug and twist the toy; if you can break it, your dog can break it.

Exercise caution with rawhide chews. Purchase “pressed” chews that soften and break into small pieces, which are easy and safe to swallow. Avoid large chews made from single sheets rolled and knotted at each end. Never leave your dog alone with a rawhide chew. Dental chews are a better option, as they dissolve and soften once in contact with saliva. Stick with name brand treats “made in the USA.”

Hard nylon or hard rubber toys may be the answer if no large chunks can be broken off, leaving sharp edges. Avoid soft rubber toys, as bits and pieces can come off and get ingested. Nylabone and Kong toys with hard ends and rope in the center are usually a good choice. Discard when the rope begins to unravel. Dispose of torn and broken toys!

Avoid toys with bells/whistles, which can be swallowed. Purchase the appropriate size toy for your dog’s mouth to avoid a choking hazard or intestinal tract blockage.

Dog toys do not have to meet the same stringent safety standards imposed on the manufacturers of children’s toys. Keep your dog safe this holiday season and all year-round!

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 Development

What Retirees Are Really Talking About Today

By Yvonne Marsh, CFP®, CPA

There’s so much talk in TV commercials about helping retirees “reach their goals,” followed by images of a couple holding hands on a beach, gazing contentedly at a beautiful ocean scene. I get it – most people do mention to me that they’d like to travel in retirement.  But do you know what retirees really want?  They almost always tell me they want to know they can keep living the lifestyle they are used to living, without the fear of running out of money.  As simple as that. But they are looking for the confidence to know it’s possible, no matter how many retirement years stretch ahead of them.

When you think about it, that’s a pretty tall order. According to the Society of Actuaries, for 65-year-old married couples, there is a 72% chance one of them will live to age 85 and a 45% chance one of them will live to age 90. Do you know someone who lived into their late 90s? I do.

In fact, in retirement planning, we think of longevity risk, or the unknown length of time you’ll live, as a “risk multiplier.”  The longer you live, the more chances you’ll experience major financial risks: Market corrections, costly declining health, rising taxes, and inflation. According to the National Bureau of Economic Research, the U.S. experienced 11 recessions during the 64-year period from 1945–2009. So your investment portfolio would need to weather four to six recessions in a similar 30-year retirement while still providing you a comfortable lifestyle and not going to zero.  Retirement is not for the faint of heart!

Longer life expectancies make these risks a “when,” not an “if.”  And these risks don’t happen in isolation.  It’s entirely possible for the stock market to have a losing streak at the same time your spouse gets very sick.

Working with a comprehensive financial planner becomes imperative as you plan for a consistent retirement.  Advisors focused on just investing are not going to be able to help you navigate the treacherous financial waters of retirement. We specialize in helping you steer your boat – through the calm currents and the frightening rapids – no matter what’s around the bend.

Marsh Wealth Management, LLC

Fiduciary Registered Investment Advisor

504 Ebenezer Road

Knoxville, TN 37923

865.622.2162

ymarsh@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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Marsh Wealth Management

The Only Things in Life that Are Certain
By Yvonne Marsh, CFP®, CPA

I’m sure you’ve heard the saying, “Nothing is certain in life except death and taxes.” It’s kind of true, actually. And my job is to make sure that the “tax” part is kept to a minimum.

There are actually several different types of tax triggered at someone’s passing, including estate tax and income tax. Under the current tax code, estate tax only comes into play if you have more than $11.4 million in assets, so for the vast majority of us, it doesn’t apply. But income tax is another story, and that depends on what type of account is inherited and whether beneficiaries have been named or not.

Bank accounts and non-retirement investment accounts are not taxable to your heirs. They get a “step-up” in tax basis, meaning any unrealized gains are wiped away, and the inherited assets have a new, stepped up basis. Accounts are retitled into the heirs’ names and they’re done. Easy enough.

Pre-tax retirement accounts: These are the MOST complicated accounts to inherit by far. They are taxable to your heirs as they receive distributions. Spouses have the unique ability to combine an IRA with their existing IRA and continue as if they always owned the account. They use their own age for Required Minimum Distribution (RMD) rules and wait until age 70½ to begin taxable withdrawals.

Non-spouse beneficiaries can take a lump sum distribution, or withdraw the balance over five years, or transfer the balance into an Inherited IRA and begin taking RMDs based on their age. The most tax-advantageous method is to set up an Inherited IRA. But many times beneficiaries don’t understand these options and inadvertently take a fully taxable lump sum distribution. In that unfortunate circumstance, almost 40% of your hard-earned retirement account could go to the IRS rather than to your heirs.

An integral part of financial planning is ensuring that all beneficiaries are properly named, accounts are property titled, and your estate planning structure is in place to avoid accidental taxation at your passing. If your financial professional isn’t talking to you about this critical topic, you should be talking to us instead. Call or email to set your complimentary meeting today.

Marsh Wealth Management, LLC
Fiduciary Registered Investment Advisor
504 Ebenezer Road
Knoxville, TN 37923
865-622-2162
ymarsh@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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Realty Executives

UpSize… DownSize… RightSize!

By Aleex Conner

Everyone experiences different real estate needs for each life stage, and my goal is to provide the expertise it takes to make buying or selling a home a smooth process!

SELLERS… List your home with me and benefit from my competitive market analysis on pricing, home evaluation on getting it ready to sell, and comprehensive marketing plan positioning your home to sell at the best price possible.

BUYERS… I listen closely to what you’re looking for and do my homework to find homes that meet your desires. Plus my professional negotiating skills come in handy when making an offer.

3433 Island Bay Lane: Family home in Karns, 2,844 sq ft, $259,000, MLS #1090442, www.listingbooster.com/vtour/1276896347

• Beautiful hardwood, remodeled kitchen

• Spacious master bedroom & bath on main

• Upstairs – three bedrooms, huge bonus room, playroom/storage

• Private, fenced yard with covered porch & deck

• Neighborhood park, fountains, & ducks

Realty Executives Associates

Aleex Conner

865-591-6348 cell

865-693-3232 office

www.AleexRealtor.com

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Ms. C’s Bed & Biscuits

Avoid Separation Anxiety as Kids Head Back to School

August is a month of change for the family dog. Kids go back to school, football season begins, and we’re constantly on the go. Dogs are creatures of habit – they feel the additional stress of the family’s changing schedule, which can result in anxiety. Causes include:

» Separation anxiety: With no kids to play with during the day, begin preparing your dog. A week before school, separate your dog from the family for a short 15 minutes, gradually increasing the time. The dog has been the center of attention during the summer, romping and playing with the kids, and this routine needs to change before school starts. Provide toys for the dog. Have the dog spend more time playing by themselves. Each time you leave the home begin ignoring the dog at least 10 minutes before you depart.

» Boredom: Dogs sleep much of the day, and when they wake up, they want something to do. Provide interactive toys, such as peanut butter filled Kongs, Buster Cube, or a Roll-a-Treat ball.

» Holding (nature) too long: It is not reasonable to expect a dog to routinely “hold it” for much longer than eight hours maximum. Do not expect a young or small dog to “hold it” longer than two to four hours. Don’t leave your dog alone for an unreasonable amount of time.

» Consider “doggy day care” at Ms. C’s Bed & Biscuits, who offers day camp from 7:30 am to 6 pm Mondays, Tuesdays, Thursdays, and Fridays.

Dogs love to dig, play, and romp, and Ms. C’s provides a fun, safe, calming environment when family members need to be away for several hours during the day. Call 865-986-6325 for reservations today.

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

Could You Accidentally Have All of Your Investment Eggs in One Basket?

By Yvonne Marsh, CFP®, CPA

A retired couple came to my office recently to talk about their investments. In the course of our conversation, the husband wondered aloud how he could have lost a third of his portfolio in 2008 when he had invested in mutual funds, rather than individual stocks. Didn’t he have his money well diversified? On the surface, it seemed so. But after we talked further, I found that he had inadvertently invested in mutual funds holding one kind of investment – large cap stocks – and that particular asset class had suffered a 37% decline that year. He had mistakenly put all his investment eggs in one basket.

True investment diversification spreads your money across many asset classes – large cap stocks, small cap stocks, mid cap, growth, value, U.S., international, real estate, less-risky bonds and fixed income, cash… well, you get the idea. Each asset class performs differently under changing market conditions. The trick is to find the right mix that suits you and your unique risk profile.

Understanding how well you can financially and emotionally withstand a market downturn is critical to building a diversified investment portfolio that suits you. Why is this so very important? When you are invested in your right mix, you’ll stay in the market through its inevitable ups and downs. If you inadvertently take too much risk, you’ll flee to safety as many investors did in 2008. And if you get out, when do you get back in? For those too terrified to get back in the market, they missed the significant upswing in 2009 and beyond.

The ability to stay invested in the market over time is critical. According to a Fidelity study, if you invested $10,000 in the S&P 500 index in 1980, it would have grown to $659,591 by 2018. If you missed just five of the best days in that time period, you would only have $427,041. Those five days cost more than $230,000! The statistics don’t lie – jumping in and out of the market does not work.

Diversification and disciplined rebalancing is THE key to building wealth over time. It’s simple but not easy.

Marsh Wealth Management, LLC
Fiduciary Registered Investment Advisors
504 Ebenezer Road
Knoxville, TN 37923
865-622-2162
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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Marsh Wealth Management

Who Does Your Advisor Work For?
By Yvonne Marsh, CFP®, CPA

Trust is a big deal in my business. As I sit with a retired couple watching them sign the paperwork allowing us to manage their investment portfolio, I am reminded of the weighty responsibility our firm has. They are entrusting us to be good stewards of their life savings and to give them our expertise and guidance to help them navigate the unknowns of their financial future. Weighty indeed.

In the preliminary meetings with the couple, they asked one of the most important questions anyone can ask: Are you with a registered investment advisor or a broker dealer? Ah! I could tell they had been doing their homework. The answer to this question is fundamental to understanding how you are offered advice and how your advisor is compensated.

In the broker dealer world, the advisor works for the “house,” operating with the tools pre-designed to give the house an advantage. Don’t get me wrong – they may truly care for their clients’ well-being and be of high moral character, it’s just that they are constrained by a set of products pre-approved by their employer, and the system is designed to reward selling rather than providing conflict-free advice. Legally, all they have to do is provide a product that is “suitable” to you.

In the registered investment advisor world, there is no “house.” RIAs can access virtually all products and use an independent custodian to hold client assets. They are required by law to put their clients’ interests ahead of their own. This is known as the “fiduciary” standard of duty. RIAs are paid a flat percentage of assets rather than commissions, effectively putting them on the same side of the table as their clients. As client account balances grow or decline, the RIA’s income follows suit. There are no commissions for buying and selling.

And just to keep life interesting, your advisor can have a foot in both worlds and be dually registered, effectively switching hats, on an account by account basis. Crazy, right? Here are a few questions to ask your advisor:

1. “Are you affiliated with a broker dealer?” If you see “SIPC” in the small print on their business card, they are.
2. “Does your employer receive money from the funds I am invested in?” i.e. in 2018, Edward Jones received $78.9 million from American Funds, and they acknowledge it creates a conflict of interest. Here’s the link: www.edwardjones.com/images/revenue-sharing-disclosure.pdf.
3. “Do you receive compensation from trading stocks or bonds? Or from purchasing the mutual funds I am invested in?”

When I first got my investment licenses, I spent a painful short year in the broker dealer world. A friend recommended I work with him in that space, and I naively didn’t know any better. I got a quick lesson and left for the RIA world. I’ve never looked back.

Marsh Wealth Management, LLC
504 Ebenezer Road
Knoxville, TN 37923
865.622.2162
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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Benefits of Doggy Daycare

Does your dog lack individual attention while you are at work? Well, a healthy alternative is Doggy Daycare. Here are the benefits:   

» Relieves boredom/separation anxiety

Left alone, dogs become bored or anxious, with separation anxiety causing destructive behaviors, including chewing, excessive barking, howling, and accidents. Daycares offer healthy stimulation, preventing these behaviors.

» Provides routine

Dogs are creatures of habit and like routine. Daycare will help maintain a routine of romping stomping and exercise.

» Socialization

Dogs are social animals and enjoy other dogs of like/like size and personality type, plus humans to develop their social skills. There is never a dull moment at Ms. C’s, except during rest time from noon to 2 pm daily.

» Attention

At daycare, dogs continually interact with staff. We understand a dog’s need for loving attention. One of our staff will be with your dog from 7:30 am to 6 pm daily.

» Safety

Daycare is a safer option than leaving them alone, especially if your dog tries to escape his yard or crate. Safety is our first priority. Vaccinations must be up to date, including canine influenza, DHLPP, bordetella, and rabies.

» Affordable

Some may think doggie daycare is expense. At Ms. C’s, it’s very affordable at only $20 per dog per day from 7:30 am to 6 pm on Mondays, Tuesdays, Thursdays, and Fridays.

» Flexible

Bring your dog once or twice a week, whatever works for you. If you need daycare at the last minute, just give Ms. C’s a call. Dog must be current on all vaccinations.

» A tired dog is a happy dog

A dog who has been active and well-cared for throughout the day tends to be more content.

For more information about Ms. C’s, call 865-986-6325, come by for a tour, or visit www. MsCsBedandBiscuits.com and book a daycare reservation. Enjoy peace of mind knowing that your dog is in good hands, eliminating the guilt felt leaving him home alone for long periods at a time.

Ms. C’s Bed & Biscuits

2145 Beals Chapel Road
Lenoir City, TN 37772
865.986.6325

www.MsCsBedandBiscuits.com

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What Will the Markets Do When You Retire?

By Yvonne Marsh, CFP®, CPA

Imagine the markets decline 15% on your first day of retirement! Your $500,000 nest egg is now worth $440,000.  You will need an almost 18% rebound to recover.

What if the opposite were true? The markets increase 15%. Your $500,000 is now worth $560,000.

In retirement, you can do everything right – you save diligently, work with a fiduciary advisor, focus on low fees and tax efficiency – but market corrections early in your retirement years can dramatically alter the ability of your money to last your lifetime. Called Sequence of Returns investment risk, it’s the luck of the draw and can devastate your best laid plans. Few investment professionals talk about or even understand it.

For example: John and Sue retire at age 65 with $500,000 in identical balanced portfolios and plan to withdraw $25,000 annually, adjusted for 3% inflation. John retires as the markets go down. He averages an 8% return but runs out of money by age 83. Sue retires in a market rally. She averages the same 8%, with her corrections coming in later years. Her portfolio at age 90 is $1.6 million. Why the disparity? Markets don’t give averages; they give you actual returns that work out to an average. The order in which you earn that average matters!

What’s a retiree to do? Work with a fiduciary to structure your investments according to time and purpose.  Invest conservatively for assets needed earlier. Invest for growth with assets needed later. Typically advisors simply invest by account type: IRAs one way and brokerage accounts another way. This simply does not mitigate Sequencing Risk.

Secondly, have enough guaranteed income to meet your basic needs. This gives you the flexibility to wait out a down market. If Social Security isn’t enough to do that and you don’t have a pension, create your own pension annuity with a highly rated insurance company. Many new income opportunities exist today that didn’t exist 10 years ago.

Your early retirement years define your later retirement years – all due to the unknowable Sequence of Returns risk.  Take the steps today to protect your tomorrow. Give us a call to learn more.

Marsh Wealth Management, LLC

504 Ebenezer Road
Knoxville, TN 37923
865.622.2162

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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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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