Letter from the CEO

 

May 2016

 Geof-Scanlon - Scanlon & Associates Employee Benefits BrokersThe Purpose of My E-Newsletter

I hope you enjoy receiving my e-newsletter.  It is intended to enhance and complement the personalized service that you already receive from me.  The e-newsletter’s main objective is to ensure, regardless of busy work schedules and travel plans, that each of my clients will receive at least a minimal amount of timely advice on a regular basis.  I also hope it will stimulate your thinking on issues related to your personal finances by providing you with articles on a variety of financial topics.  Please feel free to call or e-mail me with any questions or comments, particularly with regard to the applicability of a given idea to your personal situation.

Please be liberal in sharing this e-newsletter with your colleagues and friends.  Feel free to call or e-mail me with the names and addresses of people who might enjoy receiving their own copy of this e-newsletter.

Federal Reserve Policies and Their Financial Impact
The policies of the Federal Reserve directly impact our economy, though the extent of that impact varies. In order to understand the effects of the Federal Reserve’s policies, it’s important to discern between these policies and those of the legislative branch.
[FULL ARTICLE…Federal Reserve Policies and Their Financial Impact]
How to Evaluate Investment Results
There are at least four different ways of evaluating how well your portfolio has performed. These include: focus on only your short-term results, look at each of your positions in isolation from the others, concentrate on how your results make you feel, and compare your returns to a benchmark index. What’s wrong with these approaches?
[FULL ARTICLE…How to Evaluate Investment Results]
Recent Employment Trends
During the recession of December 2007 to June 2009, unemployment rates rose from 5% to 9.5%, peaking at 10% in October 2009. Since that period, unemployment has gradually dropped each year, with an average of 5.3% in 2015, a seven-year low more closely resembling prerecession unemployment figures.
[FULL ARTICLE…Recent Employment Trends]
5 Facts about Estate Planning
When it comes to the future, most Americans have a blind spot: estate planning. Maybe it’s because of an unwillingness to think about mortality or a sense that wills and trusts are only for the wealthy that leads people to ignore this important financial planning task. That’s a problem, because not having an estate plan could put your family’s financial future in jeopardy and cause other serious consequences.
[FULL ARTICLE…5 Facts about Estate Planning]
Protect Your Financial Security
One of your first financial goals should be to protect your family’s financial security from major catastrophes. To do so, consider these four items: a cash reserve for short-term emergencies, adequate insurance in all major areas, umbrella liability insurance, and a power of attorney.
[FULL ARTICLE…Protect Your Financial Security]

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