G&R Family Wealth Management of Raymond

G&R FAMILY WEALTH MANAGEMENT OF RAYMOND JAMES

July 2020

Financial Literacy is an area many of our clients are strong in, but there’s always more to learn. This month we are attaching a list of money smart resources to help you to fill in any gaps and start your loved ones on the path. Want more of a reason to be financially savvy? Our mission is to provide On the second page we have 9 Secrets of Successful Centenarians. Now that’s a long retirement! customized wealth management services to open- minded individuals who respect Jason and Julie celebrated their 20th Anniversary this June, close to home with the kids. A.J. started a small power washing business with his grandpa and it’s been going well. Both the and value professional advice boys are working out at Badin for basketball and Grace has been playing sand volleyball with her school team. We are all anxious for sports to truly open up and games to begin as and are focused on building, soon as possible. managing and maintaining their The Rodrigo family is looking for a better July. Unfortunately, Dave’s dad was in the wealth. Hospital with multiple medical issues due to congestive heart failure in June. Our beloved family dog, Marty, passed away in June as well. Dave & Amy continue to train for races that they hope will return in the Fall. Nick & Emma will continue to work at the Summer jobs until school starts up again in August. Dave will also make his annual trip to Destin,FL from July 10th to July 17th. If you have any immediate concerns please try to contact him before those dates.

G&R Family Wealth Management

of Raymond James

9999 Carver Rd, Ste 150

Cincinnati, OH 45242 Here I am writing another newsletter from home. But there is good news, we have started to open up our office in a limited capacity. The Zieglers recently bought a new home and O 513 762 5150 are currently living out of boxes – man we had a lot of stuff! The girls are doing well, Ellie’s excited as our new neighborhood has some good hills for bike riding and plenty of T 866 266 3302 backyard for a trampoline. Addie’s just excited to have her own room (which she already did) and to start being a big girl. She recently lost 2 teeth – the tooth fairy is expensive F 833 739 8788 now!!! Meghan is enjoying having a bigger kitchen and more space to unpack. I’m just enjoying the time with my family but am ready to go back to the office and work with our grfamilywealthmanagement.com team on a much easier framework. Stay safe! .

Raymond James & Associates, Inc., member New York Stock Exchange/SIPC Certified Financial Planner Board of Standards, Inc. owns the certification mark CFP®, CERTIFIED FINANCIAL PLANNER™

and federally registered in the U.S.

Summer is in full swing for Matt. He has been at the pool every weekend soaking up some rays and grilling. He is happy to see stuff opening back up and looking forward to spending more time with his friends downtown.

MARK YOUR CALENDAR

Wednesday, July 1: Parents and students might want to make note of deadlines for scholarship applications and 9 Secrets of Successful Centenarians paid internships in July. These nine commonalities may help you live a longer, healthier and happier life. Friday, July 3: Independence People are growing older – and bolder – in “Blue Zones” where residents disproportionately live beyond 100, at Day (Observed). The stock rates up to 10 times higher than other places. Blue Zone residents from various cultures offer the rest of us insight market and Raymond James into living longer, better lives. And it’s a good bet that we will live longer than the generation before us. The 85 and over population is projected to more than double from 6.4 million in 2016 to 14.6 million in 2040, according to a offices will be closed. 2018 study by the Administration for Community Living and the Administration on Aging. Wednesday, July 15: Deadline Here’s what researcher Dan Buettner learned from Blue Zone residents. Chances are we can learn something, too. to file 2019 tax returns. Thursday, August 6: Observe 1. Hold loved ones in esteem Family comes first, which means keeping aging parents and grandparents nearby or in their home, committing to a Information Security Day – life partner and investing in children with time and love. update your passwords for 2. Have a sense of purpose all online accounts to keep It’s worth up to seven years of extra life expectancy, according to Buettner. your personal information 3. Find your tribe secure . The world’s longest-lived people are born into, or choose, social circles that support healthy behaviors. Monday, September 7: Labor  4. Move naturally Day. The stock market and Each Blue Zone culture has low-intensity physical activity built into their everyday lives. Okinawans socialize and dine Raymond James offices will while seated on the floor, getting up and down dozens of times a day. Sardinians walk up and down cobbled streets be closed. to visit neighbors. 5. Shed stress It’s vital to decompress the body and mind with downtime (even for just 15 minutes) to help ward off nearly every major age-related disease including Alzheimer’s and cardiovascular disease.

6. Eat just enough G&R Family Wealth Management People in these zones eat their smallest meal in the late afternoon or early evening and don’t eat any more for the rest of the day. of Raymond James 7. Choose a diet with a “plant slant” Centenarians embrace a plant-based diet with plenty of vegetables and beans, including fava, black, soy and lentils. 9999 Carver Rd, Ste 150 Meat – mostly pork – is eaten on average five times each month, with servings about the size of a deck of cards. 8. Sip some wine Cincinnati, OH 45242 People in all Blue Zones (except Adventists) drink alcohol moderately and regularly, enjoying one to two glasses each day with friends and/or food. O 513 762 5150 9. Belong, and stay connected Most of the centenarians interviewed by Buettner belonged to a faith-based community. Attending faith-based T 866 266 3302 services four times a month can add four to 14 years of life expectancy. Next steps F 833 739 8788 Many of us want to live as long as possible. Consider: grfamilywealthmanagement.com  How you want to live as you age  Discussing – openly and honestly – what your wishes are with your family  Realistically planning for your long-term care needs  Thinking of novel ways to stay connected to the important people in your life

Sources: New York Times Magazine; bluezones.com; nytimes.com; shiftyourfamilybusiness.com; girlboss.com; MIT AgeLab; cdc.gov; cnn.com; Cardinal & Gray Society; Hartford Funds, “The Quality of Life” An Educational Resource Guide MONEY SMART RESOURCES It’s a seemingly simple question: Does buying a single company’s stock provide a safer return than a stock mutual fund? Yet in a recent survey of US investors, barely half of all respondents got it right.1 That sobering statistic highlights a fundamental problem facing millions of Americans today: at a time when individuals are more responsible than ever for their own financial futures, their understanding of basic financial concepts is dangerously inadequate.

The Benefits of Enhancing Financial Literacy Efforts to improve financial literacy levels can provide significant benefits to both investment professionals and investors. • US investors with financial literacy scores 70% and above allocated, on average, 46% of their portfolios to equities — far above the 28% equity allocations of those who scored below 70% — and held considerably less cash.2 • Investors who are the most financially knowledgeable earned 130 basis points more in annual risk-adjusted returns within their defined contribution retirement plans than their less sophisticated peers.3

Investors with High Financial Literacy Scores are More Fully Invested and Tend to Earn Better Long-run Returns than Other Investors

Asset Allocations of US Investors %

Financial Recent research 30 46 13 6 3 1 Literacy >=70% shows that financially knowledgeable retirement investors earned 130 basis points more in annual Financial 40 28 13 6 8 5 risk-adjusted returns than Literacy <70% their less informed peers.

Fixed Inflation Cash Equities Income Protection Commodities Alternatives Source: State Street Center for Applied Research, National Bureau of Economic Research, 2014. Money Smart Resources | An Educational Resource Guide MONEY SMART RESOURCES Below are a few resources that you can use to help build your financial knowledge through every stage of your financial journey.

Financial Planning & Investing Basics

WEBSITES PODCASTS Smart About Money The Disciplined Investor smartaboutmoney.org Hosted by Andrew Horowitz From the National Endowment for Financial Education, Applicable for investors of all ages and levels of experience, this site offers practical articles, financial calculators, quizzes, Horowitz tackles a wide range of issues that touch on investing worksheets, money-saving tips, and other resources for and finance. people at all stages of life. Freakonomics Radio Practical Money Skills Hosted by Stephen Dubner practicalmoneyskills.com A spin-off from the book of the same name and from the Information-intensive site offering educational tools on same authors, the podcast touches on behavioral finance investing basics, credit and debt, savings and spending, and and economics. planning for major life events. Money for the Rest of Us Kahn Academy Hosted by David Stein kahnacademy.org Stein discusses the basics around finance, investing and A free, online resource with classes on everything from the economy in an easy-to-understand manner. astronomy to microeconomics. Their robust section on finance and capital markets covers a wide range of financial products So Money and concepts for all levels. Hosted by Farnoosh Torabi Torabi digs into topics from retirement to student loans and BOOKS distills them in a way that is approachable and applicable. The Truth About Money, 4th Edition By Ric Edelman, HarperBusiness, 2010 This comprehensive resource covers a broad swath of personal finance issues and offers plain-English explanations. Topics include investments, insurance, taxes, mortgages, leasing cars, getting out of debt and estate planning.

The Elements of Investing: Easy Lessons for Every Investor By Burton Malkiel and Charles Ellis, Wiley, 2013 A straight-talking book about investing and saving, accessible to the beginning investor. The book emphasizes low-cost investing methods and teaches readers how to focus on the long term, rather than following market fluctuations.

Women’s Worth: Finding Your Financial Confidence By Eleanor Blayney, 2010 Breaking through the traditionally male-dominated field of financial advice, this book provides female investors with practical advice and exercises to help them learn and understand the fundamentals of financial planning and investing. Raising Financially Intelligent Children

WEBSITES BOOKS Money as You Grow Blue Chip Kids: What Every Child (and Parent) Should consumerfinance.gov/money-as-you-grow Know About Money, Investing, and the Stock Market An initiative of the President’s Advisory Council on Financial By David W. Bianchi, Wiley, 2015 Literacy, the site offers age-appropriate financial lessons, An easy-to-understand introduction to the world of money with corresponding activities, that kids need to know as they and investing for kids and parents. This hands-on resource grow. Written in down-to-earth language for children and demystifies the basic principles about money matters and their families. shows what it takes to spend, save, and invest wisely.

Jump$tart Clearinghouse Why Didn’t They Teach Me This in School? clearinghouse.jumpstart.org 99 Personal Money Management Lessons to Live By From the Jump$tart Coalition for Personal Financial By Cary Siegel, CreateSpace Independent Publishing Literacy, this site is a clearinghouse for a wide selection Platform, 2013 of youth-oriented financial education materials that can Initially developed by the author to pass on to his five children be browsed by age or topic. as they entered adulthood, the book includes eight important lessons focusing on 99 principles that will enhance the money The Centsables management acumen of teenagers and young adults. centsables.com Multimedia (including video, comic books, and workbooks) for children of varying ages to learn financial basics. Includes quizzes and lessons that children can do on their own, or with guidance from parents.

Saving for College

WEBSITES BOOKS College Abacus Paying for College Without Going Broke, 2019 Edition collegeabacus.org By Princeton Review and Kalman Chany with Geoff Martz, With college costs continuing to increase faster than the rate Princeton Review, 2019 of inflation, even affluent families need to plan and save for Step-by-step guidance on topics such as calculating the actual college. College Abacus, created by two Rhodes Scholars, costs of college, increasing the chances of receiving aid, provides a robust online tool that allows college shoppers avoiding costly mistakes when applying, and understanding to realistically estimate costs. long- and short-term money-saving tactics.

Savingforcollege.com Complete Guide to 529 Plans 2018–2019, 12th Edition savingforcollege.com By Joseph Hurley, Savingforcollege.com Publications, 2015 A leading source of information on 529 plans and other A comprehensive guide to 529 programs and other college ways to save and pay for college. savings strategies (including Coverdell Education Savings Accounts) for families looking to plan for college.

State Street Global Advisors 3 Money Smart Resources | An Educational Resource Guide

Personal Finance for The Young Adult

WEBSITES BOOKS iGrad The Everything Personal Finance igrad.com in Your 20s and 30s Book, 3rd Edition Provides financial literacy tools for college students and By Howard Davidoff, Adams Media, 2012 recent college graduates. This resource has articles, Designed to helps young working adults learn how to infographics, videos and games aimed at helping young be financially independent. Topics covered include creating adults effectively manage their money, limit and repay their a workable budget, minimizing credit card and student loan debts, and begin successful careers. debt, investing money wisely, and building an emergency fund.

PODCASTS Get a Financial Life: Personal Finance The College Investor Audio Show In Your Twenties and Thirties Hosted by Robert Farrington By Beth Kobliner, Simon & Schuster, 2017 Offers brief insights into the hopes and fears of young investors; A comprehensive guide to personal finance for young working delving into topics such as fintech, cryptocurrencies, debt, adults. In-depth coverage of issues such as tracking spending, and more. finding deals on insurance and navigating the world of home buying. Listen Money Matters Hosted by Andrew Riebert and Matt Giovanisci Provides actionable financial advice in a down-to-earth, plainspoken manner. Covers topics that intrigue both the financial expert and the investor just starting out.

Stacking Benjamins Hosted by Joe Saul-Sehy Informative and entertaining discussions on various financial topics including investing and building wealth.

Retirement Planning

WEBSITES BOOKS

Morningstar Save for Retirement Twenty Retirement Decisions morningstar.com You Need to Make Right Now The site offers insights on how to best select and allocate By Ray E. LeVitre, Sphinx Publishing , 2010 investments for retirement, including tips on IRAs, 401(k)s Addresses the most significant financial decisions people and other vehicles. Also provides guidance on savings targets must make as they make the transition from the workforce and ensuring that retirement savings will last. into retirement. Each chapter deals with a specific decision AARP Retirement Essentials people must make at retirement. aarp.org How to Retire Happy, Fourth Edition The website of the association for older Americans has a wide By Stan Hinden, McGraw-Hill Education, 2013 array of retirement-oriented information, including budget People can make all the right choices, but still have trouble planners, financial calculators, and investment advice. securing their dream retirements. The author’s plans for his retirement years were undone when his wife was diagnosed with Alzheimer’s. He shares that experience, and other lessons, in this book. Estate Planning

WEBSITES BOOKS Estate Planning Links Beyond the Grave, Revised and Updated Edition: The estateplanninglinks.com Right Way and the Wrong Way of Leaving Money to Your An estate planning site for consumers that has articles, tips Children (and Others) and techniques for individuals of all ages and wealth levels. By Jeffrey L. Condon, HarperBusiness, 2014 Covers not only technical information about estate planning Kiplinger Estate Planning problems, but also uses real-life examples, including cautionary kiplinger.com tales of inheritance planning gone wrong. User-friendly site containing a variety of estate planning articles and tools. Real-life examples are used to illustrate The Wall Street Journal Complete Estate topics such as inherited IRA rules and key end-of-life Planning Guidebook documents required to avoid family crises. By Rachel Emma Silverman, Crown Business, 2011 Takes readers through the estate-planning process, step-by- step, from figuring out planning goals (eg., benefiting children, minimizing estate taxes) to strategies for dividing up the estate so that heirs don’t fight over it.

The Business of Family: How to Stay Rich for Generations By Linda Davis Taylor, 2015 Teaches readers how to write their own family business plan using strategies from the corporate world to provide a practical, user-friendly method to help families plan for the future.

1 FINRA, Financial Capability in the United States 2016, 2016. 2 State Street Center for Applied Research survey of global investors, 2014. 3 Robert Clark, Annamaria Lusardi, and Olivia Mitchell, Financial Knowledge and 401(K) Investment Performance, National Bureau of Economic Research, 2014.

State Street Global Advisors 5 Money Smart Resources | An Educational Resource Guide

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