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Simple Tasks for a Better Financial 2018

By Rick Moore Macc of Financial Partners of TN, LLC

With every new year our thoughts routinely turn to potential enhancements we might make improve both our personal long- and short-term financial plans. Here are four recommendations that you may wish to consider that could positively impact your finances in 2018.

1. Define Your Goals
We all have financial objectives that we would like to act on, such as paying off debt, increasing our savings, and investing more of our income. But in the absence of well-defined and written goals, you’re left with little more than good intentions. The key to success is to establish written goals and to hold yourself accountable. Create a budget and begin tracking your expenses. Decide which debts you would like to pay down or eliminate, and then allocate the necessary resources to accomplish your objective. Finally, establish a target savings amount needed to provide for your future retirement.

2. Create an Emergency Fund
Life is full of surprises and unplanned events such as unforeseen medical emergencies, unplanned home maintenance, or costly auto repairs. To avoid taking on new debt or facing penalties from withdrawing needed funds from your retirement account, create an emergency fund. A good rule of thumb is to set aside between three to six months of expenses for your emergency fund.

3. Take Advantage of Free Money
While most of us take advantage of employers matching 401(k) programs at work, there may also be other incentivized savings programs available that you can take advantage of. Talk to your human resources department at work about Flex Spending Accounts or Health Savings Accounts. Both types of accounts allow you to save money for health expenses with the added benefit of tax deductibility.

4. Understand Your Own Human Nature
We are continually being bombarded by marketers trying to entice us into the investing our hard earned money into the “best opportunity of a lifetime” or other “ground floor” opportunities. Avoid the temptation to listen to the investment advice from family, friends, or news reports. And, most importantly, avoid the temptation to experience immediate gratification by tapping into your retirement savings. Stick to your plan.

Following these four steps can provide you with the financial peace of mind that evades many of us during our lifetimes. It’s your decision.

For more information on this and other financial topics, contact Financial Partners of TN, LLC at 865-558-8182.

Financial Partners of TN, LLC
2100 White Avenue
Knoxville, TN 37916
865.558.8182
www.financialpartnerstn.com

Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Insurance products offered through LPL Financial or its Licensed affiliates.

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Success in Buying and Selling a Home Begins with Your REALTOR®

By Jesse C. Boling, REALTOR® at Exit Real Estate Professionals Network

Some people wear two hats out of necessity, but I wear three hats out of personal choice. I’ve been blessed in many ways, particularly as an entrepreneur. At a very early age, I was introduced to the world of self-employment by my mother and father. It was a fascinating, fast-paced experience for which I became enamored with. My first venture as an adult, CH Interiors & Gifts, was launched in 2013, followed by my second business, Knox Graphics & Designs, in 2017.

I learned early on first to successfully differentiate myself from the competition and secondly, to find like-minded staff who shared my vision to provide a high level of personal service often lacking in today’s business world – a level of service that meets needs and fosters trusting, lasting relationships. More recently, after having made a personal inventory of the most positive characteristics I’ve been successful at developing during my time as a self-employed entrepreneur, I came to the conclusion, along with the concurrence of several trusted mentors, that these skills would serve me well in the real estate marketplace as a REALTOR®. In fact, I recently joined Exit Real Estate Professionals Network in Knoxville.


I am committed to using my hard earned skills to offer each of my clients a level of service and expertise that you might have thought no longer existed today. By listening carefully and relying on the exceptional resources of Exit Real Estate Professionals Network, I look forward to helping both buyers and sellers achieve their individual goals. At the same time, I look forward to forging the lasting relationships that I have come to enjoy during my hears in business – an experience that has led to the creation of thousands of business contacts that I am confident will serve both myself and my real estate clients well in the future.

Thanks entirely to my outstanding associates at CH Interiors & Gifts and Knox Graphics & Design, you will continue to enjoy the exceptional service that you have come to expect, even as I pursue my real estate career. If in the New Year you are considering buying or selling a home, I hope you will consider asking me to represent you. Give me a call at Exit Real Estate Professionals Network at 865-383-3948 or my cell at 865-335-7270. I look forward to the opportunity to serve you and to exceed your expectations.

Jesse C. Boling, REALTOR®
Exit Real Estate Professionals Network

865.383.3948 office
865.335.7270 cell
Jesse.FindKnoxvilleHouses.com

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Make Sure Fido is on Santa’s List, Too!

Our pets want to be included in our family Christmas fun. Dog toys have many benefits besides entertainment to deter pent-up energy. Toys alleviate the temptation to damage household items and reduce stress, helping to prevent behavioral problems. Safety in toy selection should be your top priority.

In selecting the best toy for your dog, dimensions are important. If it’s too big, your dog will have trouble holding it in their mouth and paws. If it’s too small, the toy may become a choking hazard. Next, consider the materials and construction of the toy. If your dog is one to cuddle his toys, a stuffed toy may be the perfect complement to their personality. If your dog likes to roughhouse, look for durable materials that will stand up to their rough-and-tumble playing. Keep in mind that all dogs are different. Fido may prefer a simple ball, while Rex requires a complex puzzle to keep him engaged. It’s also a great idea to have several different toys for your dog’s enjoyment, as boredom is less likely to set in.

Dogs are “pack animals.” The bonding and socialization process is accomplished through playtime. Treats come into play also. Assure the safest, most nutritious ingredients are in your treats. Homemade treats are your best option. Only homemade, healthy treats are served to guests at Ms. C’s. Through proper playtime and treat dispersion, your dog will develop a deeper bond with you and be a happy member of your family. There is simply no substitute for companionship.

Play smart, play safe, provide nourishing treats, and above all, love your pets like family! Merry Christmas to one and all!

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

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Climb the CD Ladder to Higher Interest Earnings

By Yvonne Marsh, CFP®, CPA

We all need “safe” money in our investment strategy: Money kept in FDIC insured bank accounts for our emergency funds or perhaps parked on the sidelines waiting for a market correction.  FDIC insurance gives us peace of mind – insuring up to $250,000 per depositor at each bank.  But it’s painful watching your bank savings earn a mere pittance, all while inflation is averaging 2.2% and you’re losing purchasing power.

Want a quick solution to increase your bank interest earnings?  Enter the CD ladder.  A certificate of deposit (CD) is an FDIC-insured bank deposit where the bank guarantees you a rate of return for a given period of time.  The longer the period of time, the higher the interest rate. Of course the challenge in this low rate environment is who wants to lock in an interest rate for a long period of time when interest rates could/should rise?  With a CD ladder, instead of investing $50,000 in one CD at a locked-in rate for 2 years, you invest $12,500 in 4 CDs, maturing in 6 months, 12 months, 18 months and 2 years.  Then every 6 months you have 1/4 of your portfolio coming due to reinvest in the prevailing interest rate environment, so you can ride the wave as interest rates rise.  Using today’s interest rates, a 2 year CD ladder can earn roughly 3 times more interest than a money market account earning 0.5% in that same time period. A 3 year, 4 year, or 5 year ladder earns even more.

Let us help you construct your CD ladder.  We can shop hundreds of FDIC-insured banks across the country to find the best rates and then buy the CDs all held within one account at our independent custodian, TD Ameritrade.  As the CDs mature every 6 months, you can decide to keep investing in the CD ladder, or have the money sent to you, or move it in the markets.  We’ll take care of everything for you.  Our annual flat fee for this service is $150, and you need at least $50,000 for the ladder to be effective.  Call, email, or visit our website to schedule a complimentary meeting and start earning more interest today.

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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Ms. C’s Bed & Biscuits

Halloween Tips for Fido

This Halloween put yourself in your pet’s paws. Try to think like your pet would think!

Your pets can not differentiate Halloween from any other day of the year. Jovial, good fun can become a threat to your dog. Halloween guests may be perceived as intruders, making the best natured pets nervous, irritable, unruly, and possibly snapping.

Most dogs are happier in the quiet comfort of their home. On Halloween night, do not leave your dog in the backyard; there have been reports of taunting, feeding, agitating, and even poisoning on Halloween. A nervous dog will bark and howl at the constant foot traffic. Do NOT put your dog in the car or the garage. One half hour prior to trick or treat time, put your dog in a secure, quiet place in your home as far away from the greeting door as possible. Depending on the dog, you may crate him. If your dog greets the guests, keep him on a leash, as pets can become stressed, feel threatened, and may growl, lunge, or run out the door.

Keep candy out of reach, as it is NOT intended for pets. Chocolate can be especially dangerous. Candy wrappers are dangerous and can cause intestinal blockage.

Safety of our four-legged kids is priority number one for all the staff at Ms. C’s Bed & Biscuits, where we provide a safe and secure environment for your dogs. Call to schedule your tour today.

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

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5 Questions You Need Answers To

5 Questions You Need Answers To

By Yvonne Marsh, CFP®, CPA

Confidence is king. Whether it is confidence in sinking that next putt on the golf course, or walking into a room of strangers and spotting a friend, or even knowing you look good in a new outfit, when we have confidence, we feel good. How about having confidence in your impending retirement? Or confidence in knowing what you would do if your beloved spouse was incapacitated or died suddenly? Answer these questions to see if you have the right financial professional by your side to help you through life’s uncertainties:

1. Do they educate you? They should be providing you with the pros and cons of their recommendations. No investment strategy is bullet proof, and even if you aren’t interested in understanding the difference between “beta” and a “Sharpe ratio” when choosing a mutual fund, you should still have some broad understanding of their recommendations and how they fit for you.

2. Do you understand how they are being paid? As an educated consumer, you need to know whether your advisor is being paid on a flat-fee basis or by commission and mutual fund marketing fees – or some combination. It may influence the type of financial investments recommended to you.

3. Are they part of an integrated team? No one likes to put all of their eggs in one basket. Be sure your advisor is part of an organized team of professionals that communicate with each other. Your team should include a tax CPA, a licensed wealth manager and CFP®, an estate attorney, and a qualified insurance agent.

4. Are they educated and credentialed? Ask how your advisor is educated, and be aware of professionals who take a one-time exam to earn a designation with no further education requirements. Professional designations such as CFP® and CPA have annual continuing education requirements, ensuring that they are current in the ever-changing world of finance and taxation.

5. Have your needs changed over time? Even if you’ve worked with your advisor for years, they may not be experienced in creating tax-efficient retirement income plans or life transition plans. Ask them if they know what sequence-of-returns risk is, and if they give you a blank look, it might be time for a second opinion.

Call us today for a complimentary meeting and bring these questions with you. I believe you’ll like our answers.

Marsh Wealth Management, LLC
1341 Branton Blvd, Suite 105
Knoxville, TN 37922
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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Giving Bedbugs a Wake-Up Call

By George Haynes, Owner & Founder of Otis Termite & Pest Control

Even the most meticulously cleaned homes can have bedbugs. In fact, you’re just as likely to find them in immaculate homes as you are in homes that are not as well maintained.

So just where do they come from? The answer may surprise you: Dorm rooms, hotel rooms, cruise ships, and used furniture. Bedbugs simply hitch a ride in luggage or on clothing, furniture, and a variety of other items.

Mature adults are about the size of an apple seed and reproduce three or more times per year. Parasitic, they feed on human blood at night while you are asleep. Because of their small size, they usually go undetected, hiding in mattresses, box springs, bed frames, headboards, and even electrical outlets. Once bitten, victims often confuse the small welt that remains as a mosquito or flea bite. Untreated, bedbugs can become a major infestation that becomes even more difficult to treat.

Most homeowners enlist the assistance of a reputable pest control company. There are a variety of proven treatment options available, but at Otis Termite & Pest Control, we offer a proven system for the eradication of bedbugs that is both safe and effective. At Otis Termite & Pest Control, we use an innovative, state-of-the-art system from GreenTech. This system uses heat, rather than pesticides, to eliminate bedbugs. That means there’s no need to worry about residual pesticides once your home is treated.

The GreenTech technology is a closed system that safely heats air outside your home and then redistributes the heated air into the room being treated. The heated air safely raises the temperature in the treatment area, killing the bedbugs and their eggs – and all without pesticides.

Family owned and operated since 1974, I personally invite you to contact us with questions regarding bedbugs or any other pest related concerns you may have. You can trust the company that East Tennesseans have relied on for 44 years: Otis Termite & Pest Control.

Otis Termite & Pest Control
112A Hayfield Road
Knoxville, TN 37922
865.690.1662
www.otispestcontrol.net

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Selling Your Unused Diamonds or Fine Jewelry?

A student of both the quality diamond and fine jewelry business industry since 1961, Vince Riggio, owner of Vincent’s, has put his experience to work in some rather unique ways.

“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,” said Vince. “I’ve loved every minute of this fascinating and fast-paced industry, and the thought of retiring has never occurred to me.”

With an office in the Farragut area, in addition to an office in St. Louis, Vince and company purchases diamonds of all shapes and sizes, as well as fine jewelry, sapphires, and rubies from both individuals and estates.
“In addition to purchasing diamonds and fine jewelry at the highest possible prices, we also offer sellers a totally unique selling experience,” said Vince.

Vince personally meets with each client on an appointment only basis in their Farragut office, offering a secure, private, and safe environment. All consultations are confidential and are performed on a no-cost, no-obligation basis.
If you are interested in selling your unused or unwanted diamonds or fine jewelry, why not trust Vincent’s and their more than 50 year tradition for integrity, experience, and courteous service?

Vincent’s
123 Center Park Drive, Suite 214
Knoxville, TN 37922
865.392.5358

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Marsh Professional Group

Helping Your Aging Parents

By Yvonne Marsh, CPA, CFP®

The passage of time can catch you off-guard – years fly by, and suddenly you realize that your parents might need help when it comes to managing their finances.

Whether that time is imminent or somewhere in the unknown future, a critical first step is simply having a conversation with your parents about their finances. Make sure you are covering these topics:

» Bill paying: Do they have enough current income to pay their bills, and do they have a process to make sure payments don’t accidentally get missed? This is especially important for annual life insurance or long-term care insurance premiums. Policies they have been paying for years could lapse due to non-payment.
» Do they have critical legal documents in place? We all think of a will as important, but do they have a financial power of attorney that will allow someone to act in their place if they are incapacitated? How about a living will and a healthcare power of attorney?
» Do they have long-term care insurance that can help pay for their care later in life? It’s good to know what your financial responsibility might be in the future if they haven’t made any long-term care plans.
» Are their IRA beneficiary designations up to date? Keep in mind that beneficiary designation forms are the “will” for IRA accounts. Additionally, there are critical tax consequences when IRA accounts are passed to the next generation without properly completed beneficiary forms.
» Do you know where their investments and life insurance or long-term care insurance policies are? I have witnessed first-hand how hard it will be for you – as the adult child financial caregiver – if you have to search for this information.
» Are accounts titled in such a way that the will would be circumvented? For instance, if your mom has a joint bank account with your sister, your sister will own the entire account at your mom’s passing, no matter what the will says.

Talking about money with your parents can be tough, but who knows? They might be waiting for you to start the conversation. Visit www.marshpros.com/info to obtain a free copy of our white paper discussing this topic in more detail, or call us today for a complimentary meeting.

Marsh Professional Group, LLC
1341 Branton Blvd, STE 105
Knoxville, TN 37922
865.622.2162
www.marshpros.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 and MWM are separate legal entities. 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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Decorating Den Interiors

“Discover” Window Coverings

By Sandy Kozar

Beginning with this issue of Everything Knoxville, I am excited to introduce our new “Discover” series of design-inspired feature articles that we hope will inspire you. In this and future issues, we will explore new and exciting interior design topics. In this issue, we will attempt to answer many of the questions asked by homeowners to design professionals related to window coverings.

What is meant by the term “window coverings?”
Window coverings created by design professionals are custom made blinds, shades, shutters, draperies, sheers, cornices, valances, or any fabric treatment used on and/or surrounding a window that provides not only aesthetic beauty to any room in your home, but also offers other features, including privacy, UV protection, and energy savings.

What do you mean by “custom made?”
Every aspect of the window and the area around it is considered when designing a custom-made window covering. We consider what is above the window: Are there any obstructions? What is the design style of the room? Do you want more light in the room or less? Also, other aspects such as size, how your windows open/close, and if they’re framed or unframed are considered. We combine all of these factors, analyze them, and select the correct fabric weight, style, and color to create the perfect custom window treatment for your home’s windows. Your custom designed window treatment then goes to our professional workroom where it is hand-crafted by experts. Then we professionally install and dress your window.

How do I know which covering is right for my windows?
Our design professional will visit your home to measure, ask if there are any energy related issues, and talk to you about the many other important elements to consider when designing a custom-made window covering. These are important first steps prior to offering our recommendations.

What if I have a beautiful view that I don’t want obstructed?
That’s not a problem. If you enjoy beautiful views, rest assured they will remain! Our years of experience in homes just like yours enables us to recommend the perfect widow covering to both protect and enhance your views. We offer the right products and the expertise that provide needed privacy when closed but that spectacular view when open. The combination of your vision and our expertise come together to create the quality look you have dreamed of.

We hope that you have enjoyed our first series of “Discover” and that it has answered any window covering questions you might have had. If you require additional information, please feel free to give us a call and “Discover” why we are the design professionals! And remember, our in-home consultation is always complimentary!

“DISCOVER”
Join us for a “Discover” class: “Window Coverings” on January 19 at 10:30 am.
Limited Seating – call 865-392-6222 to reserve your seat. Refreshments served.

Decorating Den Interiors
Sandy Kozar & The Kozar Design Team
Interior Design Professionals
865-392-6222
www.SandyKozar.DecoratingDen.com

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