Social Security Considerations: Break-Even Analysis

“When should I claim Social Security benefits?” Our clients ask this question often. Of course, as dutiful advisors, this is a planning element we begin to evaluate proactively as soon as our clients are nearing the age that this decision needs to be made. Unfortunately, as with many things in life, things are more complicated than they appear. It also doesn't help that there are a myriad of articles and opinions that don't evaluate the question from the same perspective, much less draw the same conclusion.  
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Market & Economy Report: Q4 2019

Several weeks ago, I lay in bed fast asleep - no doubt dreaming about stock rallies and lifelong bull markets – when I was woken by a noise from down the hall. My two-year-old, who is typically a great sleeper like his Dad, had woken up at 3 a.m. and was calling frantically for ‘Mama’ and ‘Dada’. I sat up in bed, mumbled to my wife “I’ve got this one” and sleepily trudged down the hallway. After a few moments of soothing talk, my son’s mood instantly changed, and he excitedly pointed to his bookshelf asking “read book?!” I immediately realized that I had fallen for one of the classic parenting blunders, and had walked directly into a 2-year-old’s trap. Defeated, I told him that we would read only one book, then it would be time to go back to bed. Of course, several minutes later upon finishing Bear Snores On, he pointed to his bookshelf again saying “That one! That one!”, and I couldn’t help but smirk and roll my eyes. If you know anything about children, you’ll know that they’ll always try to push boundaries and ask for more, whether it be reading books, eating a treat, or asking for more playtime before bed.  
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Stop Selling Yourself Short

on September 30, 2019 |By Jarrod Musick, CFP® | Business Owners Impact
Everyone impacts the world around them, planned or not. At Destiny Capital, we have always had conversations with our clients about how they are currently making an impact and how they aspire to. Because it's important, we have developed a structured way to have this conversation and to refresh it every so often. Out of these discussions, we have discovered how differently everyone looks at impact and how it makes us feel. Some people immediately think of it as charitable contributions or volunteer work. Some think of it as being available and present to those closest to them. Some think of it as creating something that changes the world. The truth is, everyone has a different way that they show up for the world around them, and impact is unique to each of us.  
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Defining Your Why

What type of impact do you want to have? Who do you want to impact? What changes need to be made to have that impact? Questions like this provoke quite a bit of thought and feelings. They challenge you to reflect on your core principles and determine whether you are being true to them.  
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The Federal Open Market Committee Has Voted

What Happened? On September 18th, the Federal Open Market Committee voted to reduce the fed funds target rate by another 25 basis points (.25%). This rate cut was expected, but not guaranteed based on a series of comments made by Fed Chairman, Jerome Powell, over the past several weeks. According to Powell, today’s rate cut was made in an effort to extend the current economic expansion in the United States in light of global economic concerns.  
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