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In this episode of the Planned Solutions Incorporated Podcast, Central banks have increased interest rates around the globe in an effort to bring down inflation. Now the Federal Reserve may be at the end, or getting close to the end, of its interest rate hiking cycle. However, the impact of higher long-term interest rates is not fully reflected in the financial or economic data, which will only occur when low-interest rate debt must be paid off or rolled over at higher interest rates. This impact will depend on debt management at the business and household level and the future path of interest rates.

Also, Long-term interest rates have moved up recently as investors fear that large government deficits will require significant borrowing in the coming months. When government borrowing increases it often pushes up interest rates as the government must offer to pay higher rates to attract the funds it needs to borrow. This can also push out private borrowers as they are unable to compete with the government for funds or are unable to match the high-interest rates that the government will pay.

New rules take effect in 2024 that will impact high-income earners who are age 50 or older and making catch-up retirement contributions. Effective January 1st, people who earned more than $145,000 in the prior year will be required to make retirement catch-up contributions to a Roth 401k. This may be an issue if the employer 401k does not offer a Roth option as it would disallow the catch-up contributions. In addition, Roth contributions are not tax deductible so it could lead to an increased tax bill.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Financial Crimes Enforcement Network (FinCEN) recently issued a nationwide alert regarding a surge in check fraud schemes targeting the US. Check fraud has increased by 84% so far in 2023 despite a decrease in check usage. In many cases, checks are stolen from the US mail and are altered to change the dollar amount and the recipient.

It is official, We recently sent out the registration forms for our annual charity golf tournament. We are busy ordering the giveaways for the tournament and gathering donations for the silent auction. We hope you will be able to attend (either golf or attend the dinner) or donate to a cancer charity to support our efforts. The Planned Solutions Cancer Memorial Charity Golf Tournament Date: October 13, 2023 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 1:00 pm shotgun start, 5:30 pm dinner All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, There are a wide variety of employee benefits offered by different employers. In many cases, the value of these benefits may add up to a large percentage of the employee’s overall compensation. Therefore, it is important to review these benefits as well as their tax benefits or consequences to extract as much value as possible to help fund financial planning goals.

Also, In the past, distributions from a 529 plan that were owned by someone other than the student’s parent were considered income of the student for federal financial aid purposes. In many cases, this could reduce or eliminate the student’s eligibility for federal financial aid. Fortunately, starting in the 2024-2025 school year this rule will be changed so that distributions from a 529 plan owned by a relative other than a parent will not have an adverse impact.

And, High demand for travel abroad has created delays in the processing of new US passport applications. Under normal circumstances, a new application should be processed in 10-13 weeks. However, many are finding that it could take much longer and even expedited applications are taking nearly three months. Therefore, it is important to plan ahead when making travel plans if a new passport will be required.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The stock market has posted strong gains in the first half of 2023. However, the gains have been lumpy in that some areas of the stock market have done very well, while others have lagged the overall market average. When this happens the areas of the market that outperform often become a larger percentage of an account’s value than was originally designed or desired. Therefore, it is important to rebalance these accounts periodically to bring the allocation percentages back in-line with the target. For example, if a 401k plan investment performance has been uneven this year, with growth stocks increasing at a faster pace than value stocks, it may be a good time to rebalance the holdings by taking profits in growth stocks and allocating the proceeds to value stocks.

It is official, we recently sent out the registration forms for our annual charity golf tournament. We are busy ordering the giveaways for the tournament and gathering donations for the silent auction. We hope you will be able to attend (either golf or attend the dinner) or donate to a cancer charity to support our efforts. The Planned Solutions Cancer Memorial Charity Golf Tournament Date: October 13, 2023 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 1:00pm shotgun start, 5:30pm dinner All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The rate of inflation declined by two-thirds from a year ago when it peaked at 9.1%. The June inflation rate was just 3.0%, a 1.0% decline from May. The decrease in prices was led by a large drop in energy prices, while food and shelter inflation remained persistently high. However, the average inflation rate for many households that own their home, and therefore are insulated from the increase in shelter prices, is likely below the Federal Reserve’s target of 2.0%.

Also, A new rule takes effect in 2024 that will allow unused funds in a 529 college savings plan to be transferred to a Roth IRA in the name of the 529 plan beneficiary. This is a great opportunity for college savers who do not use the funds in a 529 plan to fund college expenses or have funds left over after college. However, there are a number of detailed provisions in the law that must be followed in order to qualify for the transfer.

And, This is expected to be the biggest travel season in years. As a result, travelers are dealing with larger crowds, limited lodging, and dining options, and increased add-on fees. Many of these fees are an attempt by hotels and restaurants to keep their list prices low to compete with other options while still boosting revenues with additional costs. Therefore, it is important to read the fine print and understand the extra fees that may apply when making travel plans this summer.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- It is official, we recently sent out the registration forms for our annual charity golf tournament. We are busy ordering the giveaways for the tournament and gathering donations for the silent auction. We hope you will be able to attend (either golf or attend the dinner) or donate to a cancer charity to support our efforts. The Planned Solutions Cancer Memorial Charity Golf Tournament Date: October 13, 2023 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 1:00pm shotgun start, 5:30pm dinner All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner. Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The yield curve is currently inverted meaning short-term term deposits are paying a higher interest rate than longer-term deposits. So, why would savers commit to longer-term deposits at a lower interest rate? It all comes down to the expectation for the future path of interest rates. If rates are expected to fall in the future it may be better to lock in longer-term rates today rather than roll over short-term deposits which may pay more today but could pay lower interest in the future.

Also, A year ago, Series I Savings Bonds with no fixed rate and a high inflation rate were popular investments. Since then, the inflation rate on these bonds has declined sharply while newer bonds are now paying a fixed rate in addition to the inflation rate. So over the long term, the bonds purchased when inflation rates were high will likely yield less than the bonds issued before and after the frenzy will likely offer higher returns.

And, Medicare premiums are means-tested meaning higher-income individuals may pay higher Medicare premiums. This is called the Income Related Monthly Adjustment Amount (IRMAA) which is based on the income from two years prior to the current year. However, if an individual had a qualifying life-changing event that caused their income to change may petition the Social Security Admin to have their IRMAA amount reduced based on their change in income.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- As a result of the storms that hit California earlier this year, most counties in California were designated federally declared disaster areas. As a result, most CA residents were granted an automatic extension to file and pay their 2022 tax returns and balances through October 16, 2023. However, many taxpayers who have elected to take advantage of this extension have received past-due notices from the IRS. The problem is that the IRS computer system was not updated to reflect the extension, so the IRA has automatically mailed notices of balances due including to individuals who were eligible for the automatic extension. However, the IRS has reassured California taxpayers covered by the disaster declaration that they continue to have an automatic extension until later this year to file and pay their taxes. So if you intend to pay your taxes owed in October but get an IRS notice to pay the balance due now you can disregard the notice and delay your payment to later in the year as long as it is paid by October 16th

Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The S& P 500 earnings season is right around the corner. This could be a key earnings season for the stock market following the sharp rebound in earnings reported in the first quarter. Should earnings continue to rebound, and possibly exceed their peak from the fourth quarter of 2021, it may support the stock market rally that began in October 2021. The key sectors will likely be financials and technology given their large contributions to S& P 500 earnings.

Also, All money market accounts are not equivalent to each other. This is especially true when comparing bank money market deposit accounts with investment money market funds. For example, bank money market accounts are typically FDIC insured whereas investment money market funds are not. This does create an additional risk that savers should be aware of when choosing where to hold their savings.

And, Higher mortgage rates have made homeownership less affordable in the US. However, despite a 66% increase in mortgage rates and a 33% increase in the mortgage payment required for the median home, the increase only represents 5% of the median household income. However, the amount of income required to qualify for a mortgage on the median home value has increased by 33% which will make it more difficult for borrowers to qualify for a loan.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions would hope you had an enjoyable, safe, and happy Fourth of July holiday as we celebrated the anniversary of the original thirteen colonies' Declaration of Independence from Britain. For those looking to expand their historical knowledge of the American Revolution, we would recommend the book Rebels at Sea, Privateering in the American Revolution. The book highlights the importance of individual investors and private sailors in supporting the revolutionary army and supplying the nation with the goods needed to maintain commerce and limit shortages while the nation’s largest cities were under occupation. It shows how so many individuals contributed to the revolution and the importance of economic victories in addition to those won on the battlefield. The book also highlights how many individuals became wealthy through sponsoring privateers during the war and was then an important source of investment funds for economic development and to support the nearly bankrupt Congress after the war ended.

Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, Summer jobs for teens are often low-level and low paying. However, they can be an important springboard that can be used to start a career on the right track and jumpstart a financial plan. Therefore, it is important to be prepared to take advantage of the career skills and learning opportunities that a part-time job may offer.

Also, Oil prices have declined sharply in the past 12 months. After peaking at more than $120 in June 2022, oil prices have since trended downward falling below the $70 price point in June 2023. In addition, it appears that oil prices may continue to decline as suppliers have ramped up production following the pandemic which could possibly return prices to their pre-COVID level of $55 per barrel.

And, The US debt ceiling debate is finally over but investors may not even take notice as they were not deceived by the purported danger to begin with. Despite the economic and financial brinks manship, the US stock market remained near its highs for the year and the volatility index(VIX), a common fear gauge, never showed signs of stress. It appears that investors have panic fatigue when it comes to the debt ceiling having been told it would result in a disaster that never materialized too many times in the past.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-It is that time of year again … charity golf tournament season. It is the time of year when we can get outside, enjoy the warm weather, have fun, and support worthwhile causes. With that said we hope you will join us again this year in playing golf and raising money for cancer charities.

The Harlan D. Wood Memorial Cancer Charity Golf Tournament is planned again this year. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: October 13th, 2023 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9 am shotgun start, 1:30 barbecue

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, We decided to outsource our lead article to Google Bard this week. Google Bard is Google’s Artificial Intelligence Chatbot. We found that the article generated was mostly accurate, although not completely (see notation in the article), which raises concerns about misinformation or false information when relying on artificial intelligence. This highlights the need to audit any information received from these models to ensure their accuracy

Also, Taxpayers often focus on income taxes, but there are other types of tax that can be just as important when it comes to tax planning and tax savings. Employment taxes (Social Security and Medicare taxes) can exceed 15% of income when both the employee and employer contributions are considered. Therefore, employment tax planning should not be overlooked when engaging in tax planning.

And, The tax code offers several small tax credits for certain energy-efficient home improvements. However, these credits can be complicated in terms of which projects qualify for the tax credits. In addition, there are annual and lifetime limits which differ based on the type of credit. Therefore, it is important to consult with a knowledgeable tax professional to determine the amount of the tax credit and how to meet the requirements for documentation to be able to claim the credit.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Following the COVID travel restrictions and the economies around the globe reopening, the summer of 2023 is expected to be a record travel season. This also appears to be the case at Planned Solutions. Several members of the Planned Solutions team have planned, or have recently returned from, vacations that are a bit longer than average. Naturally, we have taken steps to make sure that we have sufficient coverage so that the high-quality service levels that we pride ourselves on do not suffer, especially tasks that are time-sensitive or emergency issues. Even when on vacation our team members take steps to be accessible by phone or e-mail in case an emergency arises, or they are needed to offer some insight on an issue. However, time differences and the availability of internet access while traveling can cause some delays in the ability to respond as quickly as normal. Therefore, there may be some cases where some non-time-sensitive issues may be delayed a little bit longer than would be normal. We ask for your patience and understanding.

Chase Armer's book- Financial Planning Insights is now available at: https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpb

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, Technology stocks have outperformed other sectors by a wide margin so far in 2023, helping to offset the large losses in Technology stocks in 2022. This has caused some investors to allocate a large percentage of their stock portfolios into this single sect or which may result in higher risks than they realize. Instead, investors may be better served by being patient and allowing time for the market breadth (number of shares increasing in value)to improve.Also, Banking turmoil in the US which began in March has continued to negatively impact the US financial system. However, the issues have been fairly contained within the sphere of smaller regional banks. Meanwhile, the Financial Stress Index reported by the Federal Reserve shows that financial stress spiked in March but has since improved sharply.And, One of the key decisions when creating a trust is who should be named as the successor trustee. Often those who set up a trust will appoint a friend or family member to be their successor trustee, but this can create unwanted stress and legal liability for the appointed trustees. Another option is to appoint a professional trustee or a corporate trust office as the trustee.Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Everyone at Planned Solutions recently completed training on how to spot and avoid the financial exploitation of senior clients. Unfortunately, financial crimes against those aged 65 or older have been increasing in the US as criminals find more and more creative ways to try to access the funds of retirees. Chase Armer's book- Financial Planning Insights is now available at:https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpbTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The US economy grew just 1.1% in the first quarter, a lower growth rate than the prior two quarters. However, the report had a lot of positives with household spending up 3.7% and government spending increasing 4.7%. Meanwhile, investment expenditures were a dragon growth, down 12.5%, likely due to increased interest rates and the uncertainty of the current business environment.Also, US consumer sentiment is often cited as a leading economic indicator as it tends to change course before the stock market. In 2021 it peaked six months before the US stock market and in 2022 itbottomed four months before the market low. Today, consumer sentiment is signaling support for the current market recovery as the index continues to trend upward at 27% above its low from OctoberAnd, Term life insurance policies are often very cost-effective but docome with a downside, unlike permanent insurance, that the policy term will end at some point in the future. However, some term policies have features that allow them to be continued, at a higher premium, or converted into a permanent insurance policy, also at a higher premium, for those who need to continue their coverage.However, these provisions are often complex and therefore should be considered carefully before making an electionPlus a look at the Planned Solutions Incorporated Office Bulletin Board- Last newsletter we expressed our support for the Sacramento Kings who were in the NBA playoffs for the first time in seventeen years. Since then, the Kings lost in the last game of a best of seven series to the defending champions, the Golden State Warriors. Despite the disappointing result, this was a great season to be a Kings fan. After years near the bottom of the standings, the Kings finished third in the Western Conference regular season standings and had a good showing in the playoffs taking the defending champions down to the wire, only falling short in the final game of the series. As special thanks goes out to the Kings coach, Mike Brown, who not only won NBA Coach of the Year but also demonstrated how a change in leadership and a new culture can transform an organization from mediocrity to excellence. We are looking forward to seeing how Coach Brown and his players are able to build on theirrecent success next year. Chase Armer's book- Financial Planning Insights is now available at:https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279?ref_=ast_author_mpbTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The International Monetary Fund (IMF) has lowered its economic growth forecast in recent weeks but continues to predict positive growth rates for the majority of the globe. However, the expected pace of economic growth around the globe, as well as in the US, is fairly lowcompared to historical rates. This appears to be a middle ground between predicting a recession and predicting a return to more normal economic growth rates.Also, US inflation has declined for nine consecutive months from a high of 9.1% in June 2022 to just 5.0% in March 2023. Large contributors to the decline in the rate of inflation include food andenergy prices, with energy prices turning negative. However, services price inflation remains high supported by shelter prices which now account for nearly half the headline inflation rate.And, Zero percent credit card offers, which allows the cardholder toborrow for a specific term, may be attractive for those looking tomake a large purchase or to transfer an existing credit cardbalance. However, it is important to read the terms of servicecarefully and have a plan to pay off the balance within the statedperiod or the strategy could backfire resulting in high interest charges.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- These are exciting times in Sacramento as our premier professional sports franchise, the Sacramento Kings, has made the playoffs for the first time in sixteen years. The reward is that they get to face the defending NBA champions, the Golden State Warriors. However, after two games the Kings now lead the series two games to zero with the series now going back to San Francisco for the next two games. As long-time Kings supporters, all of us at Planned Solutions are excited to have our team in the NBA playoff mix and are thrilled with the positive impact that it is having on our city.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, Picking the right credit card often depends on how a cardholder plans to use the card. For most people who pay off their credit card balances each month the interest rate charged by the credit card should be the last consideration. Instead, it is advisable to weigh therewards that the credit card offers against the annual cost of the card, such as any annual fees that the card may charge.Also, The number of existing homes sold in February increased 14.5% from the prior months as the Spring buying season appears to be heating up early. Home prices remain resilient, down just 0.2% from the prior year. It appears that declining interest rates have unlocked some demand from potential homebuyers as the level of interest rates, and not prices, have driven home demand in recent months.And, It is common for retirement account owners to list their minor children as beneficiaries of their retirement accounts. However, there can be some drawbacks to this which should be explored before doing so as minors must be assigned a guardian who will oversee the funds until the minor comes of age. Therefore, it is important to think through how the funds will be transferred, managed, and distributed as well as explore other options that may be more in line with the account owner’s financial goals.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- This probably goes without saying in this day and age, but don’t believe everything that you read, or even watch, online. One of the most common tax mistakes is a result of taxpayers not understanding how the tax withholding system works. To be fair, the tax withholding system in the US in so antiquated that it is extremely confusing as it reflects the US workforce from fifty years ago when one-income households were the norm. During the period of one-income households, the system was straightforward. If an employee was not married, they selected single and if they were married, theyselected married. If they selected married the assumption was that their spouse did not work so their income would be spread across the more favorable married tax bracket resulting in less tax, and therefore less tax withholding. However, today where two-income households are more common this can create problems. If both spouses select married, they will have less income tax withheld based on the assumption that their spouse does not work, which is incorrect in this case. Therefore, married taxpayers in two-income households should select single, or married but withhold at the higher single tax rate if that option is available. This is counterintuitive as it requires that a married taxpayer select single on their tax withholding election, but unfortunately, that is how the system is set up.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed biweekly by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The recent bank run that caused three large banks to fail in the US this year is a classic case of a Prisoner’s Dilemma. A Prisoner’s Dilemma is a game theory concept that illustrates how the optimal strategy for participants may lead to a less-than-optimal outcome that leaves all involved worse off. Fortunately, the Federal Reserve in the US was created to be a lender of last resort to stop bank runs from spreading and impacting other institutionsAlso, The recent bank run in the US has caused two banks to fail and a third is under tremendous stress. A review of these banks shows that they were outliers in terms of poor risk management on their reserves as well as having a high percentage of deposits that were not FDIC insured. The remainder of large and mid-sized banks appear to have been far more conservative and are likely to be more resilient.And, With the recent bank failures, the Federal Deposit Insurance Corporation (FDIC) has been in the news. Therefore, this is a good time for depositors to review the FDIC insurance limits and make sure that their deposits at their banks do not exceed the limits. This may include reducing the balance held at each bank, reviewing the title of bank accounts to maximize the FDIC insurance limit, and knowing which account types are covered by the FDIC and which are not.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- This probably goes without saying in this day and age, but don’t believe everything that you read, or even watch, online. The recent bank turmoil has been exacerbated by false or misleading statements that have been posted online. This includes several cases where only a portion of a video interview is posted causing the statements made to be taken out of context or for the statements to lack the nuance to understand what the person being interviewed is trying to convey. In many cases, this misinformation is being spread by short-sellers (investors betting against a stock or group of stocks) in an attempt to sow panic and cause the prices of the investment that they are shorting to decline.This is not to say that one should bury their head in the sand during uncertain market times. It is important to remain informed and take well-thought-out action when it is warranted. This requires getting news from many sources, including more reputable sources that still engage in fact-checking, and from many different angles to understand what is really going on. Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, With interest rates are significantly higher than they were last year, this is a good time for savers to review their cash management strategies to ensure that they are maximizing the interest rates they are earning on their savings. This may involve shifting money to accounttypes that pay higher yields, comparing the rates that are offered by different institutions, and ensuring that accounts are earning the highest amount offered by the institution.Also, Investment tax losses may allow taxpayers to claim a tax deduction on their income taxes. However, the impact of these losses is often somewhat muted. Tax losses are first used tooffset taxable gains. Then up to $3,000 of any remaining net loss may be used to offset the taxation of other income. Finally, any excess unused losses are carried forward to the following tax year.And, When an individual passes away their non-retirement assets often receive a step up in tax basis. This means their beneficiariesinherit the property as of the date of death with no built-in tax gainor loss. However, to take full advantage of this provision in the tax code, it is important to be able to substantiate the value of the property at the date of death. In the case of real estate assets, thisoften requires an appraisal by a professional, or else the value may be open to debate.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS finally provided guidance that State inflation relief payments, including the California Middle-Class Tax Refund payments, are not subject to federal taxation.Recently we posted that taxpayers who live or work in the many California counties that were included in the Presidentially declared disaster area will have until May 15th to file their income taxes and pay any amount due. This deadline has since been extended to October 16th by the IRS and the State of California is expected to conform to the change. Of course, this does not mean that taxpayers must wait to file and, in many cases, will be better off filing earlier rather than waiting until the extended deadline.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The US inflation rate declined slightly in January as goods prices continued to decline but services prices climbed. This will likely cause the inflation focus to shift from goods to services going forward as service prices will need to decline for inflation to return to its longer-term average. Within the services category, the cost of shelter is significant given the large percentage of household spending that goes to paying for shelter.Also, The Secure Act 2.0 made several changes to retirement plan catch-up contributions, including increasing the amount of the catch-up contribution for some savers. The amount of the catch-up allowed for IRAs will increase with inflation after 2024. In addition, in 2025 the catch-up will be increased by $10,000, or 1.5 times the normalcatch-up amount, for those aged 60-63 saving in an employer-sponsored retirement account. And, Reverse mortgages have become more and more popular over the years as many homeowners seek to access their home equity tocover living expenses while continuing to live in the home and not having to make a monthly payment. However, the tax treatment of the interest that accrues on a reverse mortgage can be tricky as the interest is generally not paid until the home is sold and the tax deductibility depends on how the funds received were used.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS finally provided guidance that State inflation relief payments, including the California Middle-Class Tax Refund payments, are not subject to federal taxation.In response to the storms that hit many parts of California in late 2022 and early 2023, the Federal Emergency Management Agency (FEMA) has provided an extension of time to file tax returns, make payments of tax due, and make retirement plan contributions from April 17th to May 15th for taxpayers who live or work in the impacted counties.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The Weekly Economic Index (WEI) is a high-frequency (updated weekly rather than monthly or quarterly) economic indicator that has a strong track record of predicting the pace of US economic growth. Currently, the WEI is forecasting slow economic growth but is not yet predicting a recession in 2023. However, the path of this index should be watched closely given the mixed economic signals from other data.Also, One of the new changes under the Secure Act 2.0 will require that high-income earners (those who earned $145,000 or more from their employer in the previous year) have their catch-up contributions allocated to the Roth option. This will make the additional contribution taxable to the employee even though the money will be allocated to their retirement plan rather than their paycheck.And, The electric vehicle tax credit has been expanded to include more makes and models. However, the new rules also come with some significant restrictions that may make many taxpayers ineligible. First, there is now an income limit that will cause some taxpayers to be ineligible for the tax credit due to their income level. Second, there are some new convoluted rules about where the vehicle was manufactured and the composition and sourcing of minerals in the vehicle’s battery. These new rules may make it difficult to determine if the credit will apply to a given vehicle.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase was the presenter at the most recent Financial Planning Association of Northern California meeting where he gave a presentation on economic data and trends. Many investment companies have issued tax forms for retirement account distributions but have not yet posted the tax forms for non-retirement accounts. Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, Consumer prices have been in focus for the past several years as the Consumer Price Index (CPI) reported above-average increases in prices. However, what has been lost in this data is the even larger increase in the Producer Price Index (PPI) which measures prices paid by businesses for raw materials. This has caused profit margins to be squeezed as input prices increased faster than end prices. However, this pressure appears to be dissipating as producer prices have declined.Also, With home electricity prices having increased and Congress extending the 30% tax credit for solar panels, many people are once again considering investing in solar. In deciding whether or not to install solar it may be beneficial to determine the cost/benefit in terms of the time period it will take to break even and the time period that the solar panels are expected to last.And, The Secure Act 2.0 has expanded access to Roth accounts for many retirement savers. First, the option to elect Roth status is expanded to SIMPLE IRAs and SEP IRAs which were previously not allowed to make Roth contributions. Second, the matching contributions made by employers may be directed to a Roth account as long as the taxpayer pays the taxes on the contributions when made and there is no vesting schedule associated with the account.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Internal Revenue Service announced that Monday, January 23, 2023, will be the beginning of the 2023 tax season (the tax when tax returns may be submitted and processed for the 2022 tax year.) In addition, taxpayers will have three extra days to file this year, with the deadline on April 18, 2023, due to the normal deadline falling on a holidayChase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, the passing of the Secure Act 2.0 has made several changes to the rules governing retirement accounts. Among these changes is the change in the Required Minimum Distribution (RMD) rules which extend the age at which retirement account owners will need to take distributions to age 73 in 2023. The Secure Act 2.0 also solidifies and expands the rules related to Qualified Charitable Distributions (QCDs) which allows for direct contributions from taxable retirement accounts to a qualified charity. Also, There have been a lot of changes to student loan rules over the past few years which may not have been front of mind for borrowers subject to the payment forbearance. Therefore, 2023 may be a good year for student loan borrowers to review their student loan options, recertify their income for Income-Driven Repayment plans, apply for student loan forgiveness, and explore new tax-free student loan payment options. And, The Secure Act 2.0 has created a new opportunity for money accumulated in 529 educational savings plans to be transferred to a Roth IRA for the 529 plan beneficiary. The maximum amount that can be transferred over the beneficiaries lifetime is $35,000 and the transfers must conform to the Roth IRA contribution rules which will require financial planning to meet the requirement of the new rules. However, it does offer a potentially valuable new option for money still in 529 plans after the beneficiaries' education has been paid for. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Before preparing your 2022 income tax return(s) it is important to make sure that you have all of the tax forms and other tax information that you need. In some cases, this may mean being patient until all of your investment forms have been issued. In other cases, it may mean being careful to thoroughly go through your mail looking for tax forms. For example, mortgage companies often send out Form 1098, which reports the interest paid during the year with the monthly mortgage statement. So, it is important to sort through all of the pages in the mailing to see if your tax forms were included with the most recent statement. Also, more and more companies are posting tax forms online rather than mailing them. Our tax organizer, or your tax return from the previous year, may be used to compare the information that was reported in the prior year with the tax forms that have been received to see if anything is missing. Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, Foreign stocks have outperformed US stocks by 12% over the past two months. This represents a major shift from what has been a long and fairly consistent period of higher returns from US stocks. This recent shift in returns is partially explained by a weakening US dollar compared to other major currencies. However, foreign stocks also appear to offer more attractive valuations than US stocks at this time. Also, The pace of existing home sales has plummeted in the US as higher interest rates have made homes less affordable for many buyers. However, prices have remained resilient, increasing 3.5% year-over-year. This shows a disconnect in the housing market as demand wanes but sellers are choosing to stay put rather than reduce the price, they will accept for their home leading to fewer and fewer completed sales. And, With interest rates continuing to rise it is important for households to make some changes to their spending patterns. The buy now, pay later strategy may no longer be attractive as a higher mortgage, auto loan, and credit card interest rates may substantially increase the total costs. In other cases, it may be preferable to buy now before interest rates fall and prices potentially rise with a strategy to aggressively pay down balances.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- We will soon be sending out our tax engagement letters and tax organizers as we begin to prepare for the upcoming tax season. If you have any questions about the packet or the process of gathering your tax documentation for the 2021 tax filing season, please do not hesitate to send us an e-mail or give us a call.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The US inflation rate declined to 7.1% in November, the fifth consecutive month of decline. While food and energy inflation remain high year-over-year, both show shorter-term improvement with the pace of the increase in food prices declining and energy prices dropping in four of the last five months. Meanwhile, services prices have increased, but not by enough to offset the weakness in goods prices, which is a positive sign that inflation may continue to decline.Also, 2022 may be a good year for tax loss harvesting. With the difficult year in the financial markets, many investment holdings may have unrealized tax losses. These losses can be converted intorealized tax losses, which can be deducted on an income tax return, by selling the investment and reinvesting the money into a different investment.And, The amount that an individual can give to another individual ina year without having to file a gift tax return will increase from$16,000 in 2022 to $17,000 in 2023. Married couples may alsoengage in gift-splitting in which each gives an individual theamount of the gift tax exclusion so that the total that can be gifted in a year will increase from $32,000 in 2022 to $34,000 in 2023.Plus a look at the Planned Solutions Incorporated Office Bulletin Board- With the holidays quickly approaching, we want to make sure you are aware of our holiday schedule for this year. December 26th ClosedDecember 30th ClosedGiven the above holiday schedule, as well as the holiday schedule of many of the companies that we work with, we ask that any forms or other requests that must be completed before year-end be submitted as soon as possible. If any paperwork or requests come in close to the end of the year, we will make our best efforts to process the forms or fulfill the requests but cannot guarantee that it will be completed in time due to factors beyond our control.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The estimates of global economic growth have been revised several times in 2022 as the probability of a recession in the US within the next twelve months has increased to nearly 25%. It seems the best scenario is a period of very low economic growth, with the worstcase is a period of economic contraction. However, this outlook for economic growth may already be reflected in market prices as investors may have incorporated these expectations into their estimates of future prices.Also, Cryptocurrencies were touted as an unregulated way for investors to hold and transfer funds in stark opposition to the highly regulated banking industry, which makes up the foundation of theinternational financial system. However, recent failures show that the lack of regulation has allowed cryptocurrency companies to repeat the same mistakes that led to the bank regulations they sought to avoid. And,The six-month rate of interest paid on Series I Bonds declinedfrom a rate in excess of 9% for the six months from May 1st toOctober 31st to less than 7% for the period from November 1st,2022, to April 30th, 2023. However, the fixed interest rate component was increased from zero percent to 0.4% making thereturn slightly less dependent on the future rate of inflation togenerate a positive yield. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The holidays are a popular time for charitable giving. However, few people give much thought to how they give which means they may be missing out on potential tax savings. Ever since the 2017 Tax Act, which increased the amount of the standard deduction, many taxpayers did not have a sufficient amount of itemized deductions to be able to take advantage of their charitablecontributions.Chase Armer's book- Financial Planning Insights is now available at:www.amazon.com/Financial-Planning…1586894022&sr=8-1To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.comThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The stock market surged on November 10th in response to a better-than-expected inflation report. This has caused some to question how stock prices can be considered rational when prices sometimes swing by such large amounts in one day. The answer relates to the fact that investors are forward-looking, so they are constantly anticipating the future. However, the time frame investors use to price investments often changes over time.

Also, The US inflation rate declined by more than expected in October. Consumer prices increased 0.4% for the month and 7.7% year-over-year. This was a 1.4% decrease from the peak of 9.1% in June 2022 led by a decline in energy prices. However, food prices have continued to increase, and the price of shelter has remained persistently high despite stagnation in home prices due to increased rents.

And, In an effort to step-up tax enforcement, new tax laws have increased the reporting requirements for non-traditional sources of income such has “gig work” or “side hustles.” This includes a requirement that a Form 1099-K be issued for income earned of $600 or more in a year. Therefore, it will be even more important for taxpayers to track their income and expenses from non-traditional work in the coming years to make sure they are able to properly report their income without overpaying income taxes.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament was once again a big success. The tournament was rescheduled due to extreme heat in September which caused some concern that Mother Nature may be against us this year and could bring rain on the alternate date in November. However, we dodged the rain earlier in the week and had a great day for golf. Chase’s team shot a very strong 53 (-19 to par) and returned three out of their four pink balls giving them a net score of -50 for the win. This means Chase’s long quest to get his name back on the winner’s plaque has ended. However, Shannon did get the bragging rights of winning the long-drive competition this year. More importantly, this year we raised over $12,000 for cancer charities bringing our cumulative total to $155,045. We would like to thank everyone who supported the event this year and in years past by attending the tournament, bidding on auction items, and contributing to cancer charities. We look forward to next year when hopefully we will be able to continue to grow the tournament and the donations raised for cancer charities.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The high rate of inflation throughout 2022 has resulted in large adjustments to a number of areas of the US income tax code. The number of tax deductions, the levels for each income tax bracket, and the income levels of tax credits are all adjusted upward for 2023. This will produce little change in tax rates for those whose taxable income has kept up with inflation but will likely produce tax savings for those whose income has not increased in line with inflation.

Also, The US economy grew by an annualized rate of 2.6% in the third quarter, offsetting the declines reported in the first and second quarters. Consumer spending continued to the positive while private investment contracted sharply. Meanwhile, foreign trade was strongly positive and government spending once again turned positive.

And, Social Security benefits will increase by 8.7% in 2023. This is the equivalent of beneficiaries receiving an extra payment in 2023 as their total annual benefit will be more than 13 times their monthly 2022 payment. In addition, unlike past years where increases in Medicare premiums offset a large percentage of the Social Security COLA, in 2023 Medicare premiums will decrease slightly so that the entire Social Security COLA will flow through to beneficiaries.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The annual contribution limit for employees who participate in 401k, 403b, 457 type plans will increase to $22,500 in 2023, which is a $2,000 increase from 2022. In addition, the catch-up provision that employees aged 50 and over can contribute will be an additional $7,500 (up $1,000 from the prior year), bringing the total employee deferrals to $30,000 for 2023.

The limit on annual contributions to an IRA or ROTH IRA will increase to $6,500 in 2023, up from $6,000 in 2022. The catch-up contribution for those aged 50 and older remains the same at $1,000, bringing the total to $7,500.

Limits on other small business retirement plans have also increased along with the income phase outs for ROTH IRA eligibility. With the larger increases coming in 2023, especially with the ROTH IRA eligibility, taxpayers may want to review their overall finances to determine if they need to make any adjustments, including increasing their salary deferrals or incorporating direct ROTH contributions if they are eligible based on the higher income thresholds.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, With the mid-term elections around the corner, there is a lot of noise about the risks that it could pose to the markets and the economy. Much of this is political rhetoric as both parties make their case for political power or attack the other in an attempt to get their base excited to vote. However, the data shows that midterm elections have not been the big political risk some are trying to make it out to be and, in fact, have led to positive market returns over the next year regardless of the outcome.

Also, 2022 has been a year in which investors have shunned investments to instead focus on spending for consumption. This explains why consumer prices are up and investment prices are down. However, it may also create an opportunity for those with a contrarian mindset who are willing to limit consumption at high prices and instead invest the savings to take advantage of today’s lower investment prices.

And, Family gifts or loans may be a good way to help the next generation get a financial head start in life. However, gifts as well as loans, whether with interest or interest-free, may create additional tax filing requirements as well as additional taxable income that the lender may have to report on their income tax returns.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Applications to apply for student loan forgiveness are now being accepted at www.studentaid.gov. This process is still in beta mode which means there may be some hiccups in completing the required information and uploading the required documents. Student loan forgiveness is not expected to actually take place until the end of April 2023, however, those who are inclined may want to start working on the application now to be at the front of the line

Some clients, as well as some of us at Planned Solutions, have received paperwork from Securities America related to their privacy policy. The accounts that they are referencing were closed in 2018 when we transitioned to Schwab as our primary custodian, so it is unclear why they continue to send out these notices. Therefore, these notices, as well as the statements showing zero balances that they send occasionally, may be ignored.

The Planned Solutions Charity Golf Tournament was postponed this year due to extreme heat. Fortunately, we were able to postpone the date to a time when it should be much cooler. The new details are: Date: Friday, November 11, 2022 Time: 11:00 am shotgun tee time (moved up due to daylight savings) With the change in the date, there is still time to sign up to golf or attend the dinner afterward. The new deadline to RSVP is November 4th. This is the 20th year of the tournament so we are going all out with giveaways, raffle prizes, silent auction items, and other fun activities. We hope to see you there.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The level of margin debt (money borrowed to invest in stocks) was at high levels in late 2021 creating a concern about the high level of short-term speculation in the stock market. However, since then, the amount borrowed to invest in stocks has declined sharply and is now in line with the long-term trendline. This could be a sign that the stock market is normalizing by correcting for some of the excesses that were built following the pandemic.

Also, Interest rates have been increasing which is a bad thing for conventional mortgages. However, it may benefit borrowers to take out a reverse mortgage with a line of credit. This is because the limit on the line of credit increases at the same interest rate that would be applied to any balance on the loan. Therefore, the higher the interest rates, the faster the limit on the line of credit will increase over time.

And, Higher interest rates have created an environment where many homeowners can earn a higher interest rate on their money, with little risk, then their mortgage is costing them. This can lead to a low-risk strategy where borrowers who have the money to pay off their mortgage may benefit from investing their money instead and then using the funds, plus interest, to pay off their mortgage over time.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- For many health insurance providers, Open Enrollment for health insurance in 2023 starts on November 1, 2022. Now may be a good time to review your current coverage and make any necessary changes for the coming year. Things to consider can include your health history, change in marital status, change in dependents, change in job(s) for you and/or your partner, and change in income and tax brackets. The health insurance landscape is constantly changing which can impact your current plan. In addition to comparing plans offered by each of your and your partner’s employer, it is important to compare the premiums relative to the coverage, maximum out of pocket expenses, deductibles, and High Deductible Health Plans and Health Savings Account (HSA) features. If eligible, individuals can contribute up to $3,850 ($7,750 for family coverage) as tax-deductible contributions to an HSA Plan for the tax year 2023.

The Planned Solutions Charity Golf Tournament was postponed this year due to extreme heat. While we were looking forward to golfing and raising money for cancer charities we realized that no one was likely to show up to play in 108-degree heat and smoke hanging in the air from the fires in El Dorado and Placer counties. Fortunately, we were able to postpone the date to a time when it should be much cooler. The new details are: Date: Friday, November 11, 2022 Time: 11:00 am shotgun tee time (moved up due to daylight savings) With the change in the date, there is still time to sign up to golf or attend the dinner afterward. The new deadline to RSVP is November 4th. This is the 20th year of the tournament so we are going all out with giveaways, raffle prizes, silent auction items, and other fun activities. We hope to see you there.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The US stock market was unable to resume an upward trend in August as the market stalled out at the 200-day moving average trend line. Now the market is trading between its long-term trendline and the low for the year in mid-June. While these trends offer some indication of the market trends for the remainder of 2022 it is likely that important data such as Federal Reserve policy, economic data, and the upcoming earnings season will have a larger impact.

Also, Inflation proved surprisingly persistent in August as declines in fuel prices were offset by increases in energy utilities, new car prices, and services such as shelter, transportation, and medical services. This may be an indication that inflation is shifting from the goods market largely driven by supply chain issues and costs to the services sector where higher wages may be forcing companies to raise prices.

And, Individuals who participate in a non-covered pension (a pension that is earned while not being required to pay Social Security taxes) need to be aware of the Government Pension Offset (GPO) rules. Under the GPO rules, an individual who receives a non-covered pension may have their Social Security widow or widower benefits reduced based on the amount of their pension. In some cases, the Social Security benefits may be eliminated entirely.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Planned Solutions Charity Golf Tournament was postponed this year due to extreme heat. While we were looking forward to golfing and raising money for cancer charities we realized that no one was likely to show up to play in 108-degree heat and smoke hanging in the air from the fires in El Dorado and Placer counties. Fortunately, we were able to postpone the date to a time when it should be much cooler. The new details are: Date: Friday, November 11, 2022 Time: 11:00 am shotgun tee time (moved up due to daylight savings) With the change in the date, there is still time to sign up to golf or attend the dinner afterward. The new deadline to RSVP is November 4th. This is the 20th year of the tournament so we are going all out with giveaways, raffle prizes, silent auction items, and other fun activities. We hope to see you there.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The recent executive order creating student loan forgiveness of $10,000 or $20,000 for most student loan borrowers has created more questions than it has answered. Over time we should get more information on how this will be administered and the steps that borrowers will need to take to apply. However, there are some changes to student loan repayment programs that have been made which may impact some borrowers and allow them to better plan for their financial future.

Also, Commodity prices often follow predictable patterns as supply and demand shift over time. These cycles can lead to high prices followed by low prices and then high prices again. For example, one needs to look no further than the market for avocados which surged from 2017-2019 due to increased demand. Suppliers responded by increasing production creating a glut of avocados causing prices to drop.

And, The Federal Reserve’s tough talk on inflation at their Jackson Hole, WY symposium has caused investors to shift their concern from high inflation to slowing economic growth. This shift in sentiment may have taken Fed officials by surprise as they attempt to find the right balance between fighting inflation while maintaining US economic growth, the so-called “soft landing” scenario.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The calendar says that Summer is nearing an end but the thermometer here in Sacramento and elsewhere is telling a different story with temperatures exceeding 110 degrees for multiple days in a row. Naturally, with such extreme heat, we are looking forward to the Fall and hopefully the mild weather that it typically brings. Fall also is the season for tax planning and Required Minimum Distributions (RMDs) from retirement accounts. This is a good time to meet to review tax strategy, tax withholdings, and discuss ways to reduce or manage tax liabilities before the year ends and many of the options available go away. If you are interested in discussing your tax situation, reviewing your RMD and the tax implications, or discussing strategies such as Roth IRA conversions, please contact us to set up a meeting. Or, let us know that you would like to include tax planning as an agenda topic for your next review meeting.

Chase participated in the Chartered Financial Analyst (CFA) Society of Sacramento’s annual golf tournament. In addition to being a fun day on the links, this tournament is always a great opportunity to network with other financial analysts and “talk shop.” In Sacramento the majority of the CFA Society members work at two of the nation’s largest pension funds, California Employees’ Pension Services (CalPERS) and California State Teachers Retirement Services (CalSTRS) making it a great opportunity to learn what changes are occurring at these institutions both from an investment and participant services standpoint.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The strong rebound in stock prices over the past two months has partially been due to short sellers reversing their bets against stocks. The short interest, the number of shares borrowed and sold, reached a high in mid-June but has since declined. Often when stock prices increase short sellers will engage in panicked buying as they rush to buy shares to repay the shares that they borrowed before the share prices increase further.

Also, the meme stock craze (investors buying shares of companies that are thought to be near bankruptcy based on a recommendation from internet message boards) looked like it was running out of steam this year as the share prices of recently popular meme stocks crashed. However, there appears to be a new round of get-rich-quick investors distorting stock prices with their high-risk trades

And, The IRS has extended and increased the tax deduction allowed for K-12 educators who spend their own money on classroom supplies. The above-the-line deduction, which is allowed in addition to the standard deduction or itemized deductions, was increased from $250 per educator per year to $300 starting in 2022.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions has hired a new part-time research analyst to help share the work of updating our ever-expanding list of investment research models. Cern Lee joined the firm on August 15th and will work on updating investment research and compiling economic and financial data for the investment committee to review. Cern has a background in finance and taxes as well as working with Customer Relationship Management software both in the US and in her native Thailand before taking some time off to start a family. For the time being, Cern will not have any client-facing responsibilities but will be providing support behind the scenes to improve our client service and expand our investment research capabilities.

Chase participated in the Chartered Financial Analyst (CFA) Society of Sacramento’s annual golf tournament. In addition to being a fun day on the links, this tournament is always a great opportunity to network with other financial analysts and “talk shop.” In Sacramento the majority of the CFA Society members work at two of the nation’s largest pension funds, California Employees’ Pension Services (CalPERS) and California State Teachers Retirement Services (CalSTRS) making it a great opportunity to learn what changes are occurring at these institutions both from an investment and participant services standpoint.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The US stock market has rebounded from its mid-June lows rallying 13% and cutting the losses for the year in half. However, the market is now nearing a key resistance line defined by the mid-March lows and the late-May/early-June highs. Should the market fail to push through this resistance level the lows from mid-June could be revisited. On the other hand, should the market push through this level the next point of resistance is 10% higher than the current price.

Also, The US economy has likely contracted for two consecutive quarters based on the first estimate for the second quarter of 2022 economic output. However, household spending has remained positive for the first two quarters showing that the consumer remains strong. Meanwhile, government spending has declined as the stimulus spending from early 2021 is compared to current spending levels.

And, Investors typically want to avoid taking distributions from their investment accounts when the markets are down. However, those who own an inherited IRA and are subject to the 10-year distribution rules may benefit from accelerating distributions when investment values are down and then reinvest the money in an after-tax investment account where a recovery in value may be subject to lower tax rates. This will also help free the account owner from the 10-year rule that is related to inherited IRAs.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Inflation Reduction Act of 2022 recently passed the Senate and is expected to soon pass the House of Representatives and be signed by the President. While this bill is scaled way back from the original Build Back Better bill it still contains numerous provisions that will take time for us to dig into. The bill includes new taxes, mostly on businesses, that are expected to generate $739 billion in increased tax revenue as well as spending of $433 billion, some of which includes individual tax credits such as those for purchasing electric vehicles.

The bill also includes increased funding for the IRS in an attempt to increase tax collections. Unfortunately, it looks like most of this money will go to tax enforcement (increased audits) rather than IRS customer service which has made it nearly impossible for taxpayers to resolve tax issues. Therefore, taxpayers may face an increase in audits and tax notices with no additional resources to help them get these issues resolved.

Save the date for the Harlan D. Wood Memorial Cancer Charity Golf Tournament which is scheduled for Friday, September 9th, 2022. We hope to build on the strong participation that we had last year and set a new record regarding funds raised for cancer charities again this year. The course should be in good shape and the silent auction items will be great again this year. In addition, we are going to switch things up a bit and play the South Course this year, which plays a little easier but is every bit as good as the North Course for great views and tricky angles to the greens.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, One of the themes of the stock market in 2022 has been the outperformance of value stocks over growth stocks. However, growth stocks have demonstrated a tendency to outperform value stacks when prices are trending upward as they have over the past six weeks. This may be a sign that growth stocks are more likely to lead market returns should the stock market recovery continue.

Also, One of the themes of the stock market in 2022 has been the outperformance of value stocks over growth stocks. However, growth stocks have demonstrated a tendency to outperform value stacks when prices are trending upward as they have over the past six weeks. This may be a sign that growth stocks are more likely to lead market returns should the stock market recovery continue.

And, Stock lending is now being offered to non-institutional investors as an enticement to use certain brokerage firms. Some investors are attracted to the idea of lending their stock holdings to other investors in order to earn a small amount of income on the loan. However, there are important risks as well as tax implications that investors need to consider before engaging in these more advanced investment strategies.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Save the date for the Harlan D. Wood Memorial Cancer Charity Golf Tournament which is scheduled for Friday, September 9th, 2022. We hope to build on the strong participation that we had last year and set a new record regarding funds raised for cancer charities again this year. The course should be in good shape and the silent auction items will be great again this year. In addition, we are going to switch things up a bit and play the South Course this year, which plays a little easier but is every bit as good as the North Course for great views and tricky angles to the greens.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, The second-quarter earnings season, in which companies report their results for the second quarter, will be picking up steam soon. The results will likely have a significant impact on stock returns for the remainder of the year as investors assess how companies are dealing with inflation, rising interest rates, and concerns about economic growth. In addition, the number and amount of negative earnings adjustments that are taken this quarter may impact the overall earnings results as they have during past market downturns.

Also, While the major stock indexes were down as much as 20% earlier this year there are several areas of the market where the losses have been much greater. The cryptocurrency area as well as technology companies that recently went public have experienced losses of 70-80% over the past nine months. However, many mainstream investors did not participate in these investments making their experience much different.

And, The IRS recommends that taxpayers, including those who are on extension, not wait until the last minute to file their returns. The IRS is already dealing with a large backlog of returns to be processed so the sooner a taxpayer gets their return into the IRS the sooner their refund may be processed. Those who wait until the deadline may end up at “the back of the line” which could lead to a long delay in processing.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions sponsored and Chase and Joel played in a golf tournament in support of the Katie Nues Foundation. The Katie Nues Foundation founded the first clinic to treat children with Rett’s disease on the West Coast located in Oakland, CA. The Foundation continues to fund the clinic’s operations and offer support for families whose children have been diagnosed with Rett’s disease.

Our office construction is complete although we are still unpacking and hanging decorations as we are able to get to it. So, our office is back to its normal function without any significant disruptions to in-office meetings. However, for those who prefer it, we are happy to offer phone and Zoom meetings as well.

Daryl has been accepted into the UC Davis Extension Executive Leadership Program. This program is designed for business leaders in the Sacramento Region who seek to develop leadership skills that will aid them in managing an organization while networking with other leaders from the public, private, and non-profit sectors. Participants must apply to the program and are accepted based on their education, experience, and leadership potential.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

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In this episode of the Planned Solutions Incorporated Podcast, increasing oil prices have been a major contributor to the high inflation rates in the US. The increase in oil prices is due to a variety of factors, but the most important may be the oil investment cycle. This is the pattern of increased and decreased investment in new oil supply in response to high or low prices. The lag between when the investment is made and when oil makes it to market often results in large swings in prices as oil and gas companies have attempted, and failed, to accurately forecast market demand. Also, the mortgage markets appear to be normalizing as the low mortgage rates from the pandemic are now giving way to rates that are more in line with the long-term average. In addition, loan offers are changing their loan standards so that the lending standards are no longer loose, but rather have reverted to a more neutral stance, even as demand for mortgage loans has moderated. And, The IRS has increased the amount that businesses may deduct for business miles driven during the second half of the year to reflect the increase in gas prices. Therefore, companies may be able to deduct a more significant amount of business miles after June 30 th. This makes it very important that business owners keep accurate records of the business miles driven, and when those miles were driven, as a different tax rate will apply this year depending on the date of travel. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Our office is undergoing a transformation. However, as we work our way through the process our office will be in various states of disrepair until the project is done. We ask for your understanding over the next month as we try to balance our office renovations with our normal business operations. We often find that during the summer months the number of client meetings scheduled starts to lull as our clients focus on summer vacations and other activities to enjoy the nice weather. However, given the higher-than-average market volatility that we have experienced this year, we want our clients to know that we are available to meet to discuss our outlook for the economy and the financial markets. So, if you are concerned about the economy, financial markets, or your account performance please do not hesitate to give us a phone call or send us an e-mail. Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

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In this episode of the Planned Solutions Incorporated Podcast, The S&P 500 entered bear market territory (defined as a 20% or greater decline from the previous high) in mid-June. The stock market is now very close to pricing in a recession which on average could be expected to lead to a 27% decline in stock prices. Therefore, even if the US economy were to go into a recession, the stock market may not have much further to fall. On the other hand, should the US economy avoid a recession the stock market may rally due to the current pessimistic outlook.

Also, The motor vehicle industry was hit hard by the COVID pandemic. First, production decreased due to the need for social distancing. Then, supply chain issues disrupted production causing the industry to operate below the pre-COVID levels for most of 2021. However, the motor vehicles and parts production index recovered to its preCOVID levels in April which may help to alleviate price increases.

And, Restricted Stock Units (RSUs)are a valuable source of employee compensation in some industries. However, the taxation of RSUs as well as the tax withholding rules can cause some large, unexpected tax bills. Therefore, employees who receive RSUs should engage in tax planning when the units vest and become taxable to avoid owing a large amount at tax time and possibly being subject to tax underpayment penalties.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, the inflation breakeven rate is derived by comparing the interest rates paid on nominal Treasury bonds to the rates paid on inflation-protected Treasure bonds. It is a way for economists to gauge the inflation expectations of investors who are investing real money in these markets, as opposed to opinion surveys, making the inflation breakeven rate a historically more accurate gauge of future inflation. Recently this indicator has been falling signaling that inflation in the US may have peaked in the near term.

Also, When 529 plan funds are left over after higher education expenses have been met there are several options for account holders. These include transferring the beneficiary to the next generation, using the 529 plan funds to pay down student loan balances, or taking a nonqualified distribution from the 529 plan in which the growth in the plan may be subject to income taxes and penalties.

And, Charitable Remainder Trusts (CRTs) can be a valuable tax planning tool for individuals who own appreciated assets outside of a retirement plan, want to convert those asset values into an income stream, and have a desire to donate funds to charity after their passing. CRTs allow a donor to achieve all of these goals in a tax-efficient way. In addition, the beneficiary may benefit from income payments over a specified period or their lifetime with any remaining assets in the trust at the beneficiary’s death going to charity.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Identity theft and fraud continue to be all too common. However, several best practices can be used to protect yourself: 1. Be suspicious of unsolicited phone calls, e-mails, and text messages asking you to send money or disclose personal information. If you receive a suspicious call from an individual or institution do not accept it, hang up, and call back using a known contact number. 2. Be cautious when sharing sensitive information and conducting personal or confidential business via e-mail since it can be compromised and used to facilitate identity theft. 3. Do not disclose personal or sensitive information on social media sites, such as birth dates, contact information, and mother's maiden name. 4. Do not verbally disclose or enter confidential information on a laptop or mobile device in public areas where someone could see, hear, or access your information. 5. Verify payment requests you receive by using a known phone number or e-mail. 6. Do not click on links in e-mails unless you have verified with the sender that the e-mail is legitimate.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, As high inflation continues to impact households and businesses, the different segments of the economy are pointing fingers at each other. Households blame government policy for overstimulating the economy last Spring, the government blames businesses for price gouging, and businesses blame households citing the low labor force participation rate that is putting upward pressure on wages. The trust is that each segment of the economy will need to do its part to bring down the rate of inflation.

Also, Proponents of virtual currencies have made arguments that these assets would take on the role of other assets, such as gold. The assertion is that virtual currencies would be considered safe assets that increase in value when financial markets are in turmoil and would also serve as a good hedge against inflation. However, the large decline in the value of virtual currencies this year appears to be disproving these arguments.

And, Donor Advised Funds (DAF) are valuable tax planning tools which allows individuals to set money aside to donate to charity in the future, while claiming the tax deduction in the year the contribution to the DAF is made. However, too often individuals forget about these funds after the tax deduction is claimed. It is important to have an investment and giving strategy for these accounts in order to manage the money and distribute the funds overtime to selected charities.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase and Daryl attended the Financial Planning Association of Northern California meeting in May to learn about Wallet Activism. The presentation focused on ways that individuals can use their money to create the environmental, social, and governance changes that they would like to see in the world. Despite the sharp decrease in the COVID numbers, cases continue to be prevalent with two of Planned Solutions’ households being hit this month. We plan to keep the office open as most people have had the chance to be vaccinated and in general the symptoms have been mild. Any infected employees will work from home to avoid further spread, but there is always the risk that someone may be infected and not yet be showing symptoms. We bring this up to make sure our clients are informed when deciding whether to meet in office or over the phone or Zoom.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, The stock market is currently testing a key level that could impact the performance of the market over the first six months of 2022. After declining in January, and then falling further in March, the stock market is now testing its lows from March. Should the market rebound in May it may create a double bottom which could be a positive sign going forward. However, if the market declines further, dipping below the March / April lows, it could mean that another leg down will come before the market finds a bottom.

Also, Series I US Government Savings Bonds are currently offering attractive interest rates. The rates on these bonds are based on the rate of inflation which is currently quite high compared to other interest rates. However, investors should understand the rules surrounding these bonds including the limits on the amount that can be purchased, required holding periods, and the income tax implications.

And, In an effort to uncover untaxed income the IRS is now requiring more and more companies to issue Form 1099-K to report transactions. This means that more credit card and third-party networks will be reporting income to taxpayers. In some cases, this may be taxable income that should have been reported anyway but in others, it may be payments for personal expenses, such as a friend reimbursing an individual for tickets to a concert or sporting event. Therefore, taxpayers may need to be more cautious when using these payment platforms.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Save the date for the Harlan D. Wood Memorial Cancer Charity Golf Tournament which is scheduled for Friday September 9th, 2022. We hope to build on the strong participation that we had last year and set a new record in regard to funds raised for cancer charities again this year. The course should be in good shape and the silent auction items will be great again this year. In addition, we are going to switch things up a bit and play the South Course this year, which plays a little easier but is every bit as good as the North Course for great views and tricky angles to the greens.

Please mark your calendars if you will be able to attend. Date: Friday, September 9th, 2022 Location: Rancho Murieta Country Club – South Course 7000 Alameda Drive ancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the dinner.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, The stock market has taken a hit to start 2022. However, not all areas of the market have suffered equally as the investment themes continue to show signs of shifting to favorable assets that are likely to perform better in a period of high inflation and rising interest rates. For example, value stocks have outperformed growth stocks, dividend-paying stocks have outperformed bonds, and commodities have outperformed stocks.

Also, The US government fiscal deficit has decreased recently as COVID-related spending has waned. However, the damage that COVID did to the finances of the US government is still evident with the national debt now exceeding $30 trillion. Interest on this debt now exceeds $431 billion, or 10.5% of US government revenue, and represents the fourth largest category of US government spending.

And, The US unemployment rate has recovered to its pre-COVID levels. However, it is too early to celebrate the labor market recovery as the employment-to-labor force ratio and the employment-to-population ratio are both still 1% below their pre-pandemic levels. This means there are three million more people not working or looking for work than before the pandemic. Fortunately, there are currently 11 million job openings which well exceeds the 7 million level before the pandemic.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- For those who find that they have become a victim of identity theft, even if it is from an event that was entirely beyond their control, the next question is often: What needs to be done to limit the damage? A good resource on identity theft and the steps that can be taken to report the problem, and recover from a breach of personal data, is the Federal Trade Commission on identity theft: www.identitytheft.gov.

The website includes information on the next steps following the discovery of a fraudulent tax filing, unemployment insurance claim, a breach at an employer or other company that may have exposed an individual’s private data, and other types of identity theft.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, The US yield curve, the graphical depiction of US interest rates for different maturities, has inverted between the 2-year and 10-year maturities. Some argue that this signals a slowdown in the rate of US economic growth. However, historically the differential between the 2-year yield and the 10-year yield has been a poor indicator. Meanwhile, the more accurate difference between 3-month Treasury bills and 10-year Treasury bonds continues to signal strong economic growth over at least the next 12 to 18 months.

Also, As the Fed has increased short-term interest rates banks have been slow to respond by raising rates on money markets and CDs. However, US Treasury interest rates have increased so that in many cases they now exceed the yields offered by banks. In addition, Treasury interest is not subject to state incomes taxes making the after-tax yield even more attractive to investors in states with an income tax.

And, Taxpayers who need more time to file their 2021 income tax returns may file for an extension of time to file their returns. The IRS now offers multiple options to file an extension and make any necessary payments. This includes submitting a paper request for an extension of time to file or an electronic request using the IRS Direct Pay website. The IRS Direct Pay website also allows taxpayers to make electronic tax payments should there be an expected amount due.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The 2021 personal income tax return deadline is right around the corner. Taxpayers have until April 18th to file their personal income tax returns or apply for an extension of time to file. However, an extension of time to file a tax return is not an extension of time to pay any tax that may be due. Therefore, taxpayers should complete as much of their tax return as possible before April 18th to determine if there is likely to be an amount due. If there is a projected balance owed a payment should be made with the request for an extension to file by April 18th. Taxpayers who file for an extension but fail to pay any tax due may be subject to a late payment penalty as well as interest on the amount due up until the date the tax is paid.

Now that tax season is nearing an end, many taxpayers are wondering how long they need to keep their tax records. For most taxpayers, the statute of limitations for the IRS to audit or make changes to their tax return is three years from the due date of the return or the date the return was filed, whichever is longer. Therefore, most taxpayers may destroy their records from the 2018 tax year after April 18th, 2022.

Chase Armer's book- Financial Planning Insights is now available at: www.amazon.com/Financial-Planning…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com

The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The Federal Reserve Open Market Committee recently switched gears from its low-interest rate stance to stimulate economic growth and job creation to a higher interest rate stance to combat inflation. This has caused some to predict a period of stagflation where economic growth is slow, and inflation is high. However, most economic data, as well as the Federal Reserve's statement, indicate that the US economy is strong enough to withstand higher interest rates.

Also, Oil prices have experienced extreme levels of volatility in recent weeks with prices increasing 9% in a single day as well as declining 11.5% later in the same week. Some of this price change is undoubtedly caused by the uncertainty surrounding Russia’s invasion of Ukraine, but some of the price volatility is also likely the result of speculators buying and selling oil futures to profit from price changes or hedge other investments.

And, there are certain circumstances where an individual may end up having a tax basis in their IRA. The basis amount is tracked on their income tax returns on Form 8606 and is carried forward from year to year. It is very important to maintain accurate records of this tax basis to determine the amount of any future IRA distributions that will be tax-free. In addition, the tax basis in an IRA can be transferred to the account beneficiaries which may reduce their tax liability as well.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The war in Ukraine has created another type of war, a ratings war, with even normally reputable news organizations resorting to hyperbole and exaggerated claims in an effort to lure in viewers and readers. This is making it more and more difficult to get access to rational, balanced, and objective analysis about what is going on in Ukraine and the implications that it may have for the global economy. In our last newsletter we referenced a book, Prisoners of Geography, that we feel gives a good explanation of the historical and geographic factors that set the stage for Russia’s invasion of the Ukraine without any of the emotion or sensationalism that has crept into the current news coverage. Another good resource is the podcast, “Why it Matters,” which is published by the Council on Foreign Relations. They posted an episode on March 2, 2022, titled Perspective on Ukraine, with Richard Hass. The episode is a good summary of the current situation in Ukraine from a US foreign policy perspective.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, Many large mutual funds distributed large capital gains in 2021, which has created a tax headache for shareholders who own those investments in taxable (non-retirement) accounts. These distributions are often very frustrating as they differ from year to year and can be challenging, if not impossible, to anticipate ahead of time. Fortunately, there are a number of strategies that investors can use to manage this issue, including favoring Exchange Traded Funds (ETFs), over mutual funds for increased tax efficiency

Also, Most economists expected that the US inflation rate would decrease during the Spring and Summer months. This was largely based on an expectation that the year-over-year increase in oil prices would decrease as the higher prices in the Spring and Summer 2021 are factored in. However, Russia’s invasion of Ukraine and the resulting spike in oil prices now makes it more likely that high inflation rates will persist.

And, The expanded unemployment benefits offered under the economic stimulus bills in 2020 and 2021 made many dependent children eligible to receive unemployment benefits. This has created an issue in some cases because unlike earnings from a job, unemployment benefits are considered unearned income and therefore may be subject to the Kiddie Tax. Under the Kiddie Tax rules, unearned income may not only be taxable but the amount that exceeds certain thresholds may be taxed at the parent’s highest tax rate.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Russia’s invasion of Ukraine has many of us asking questions about how this could happen. What are Russia’s motivations? How has history and economics defined the relationship between Ukraine, Russia, and the West? What are the implications for the future? Most of the current media coverage is influenced by current events or the bias of the media outlets. This has caused many clients to ask us how they can get unbiased information and context in order to better understand the current situation and how it may be resolved. Several years ago, I read a book called Prisoners of Geography which explains how geography has shaped many of the conflicts around the globe. It so happens that the first chapter is on Russia with an emphasis on its relations with its Eastern European neighbors. I strongly recommend the book as an unbiased source of information that is not influenced by current events but rather takes a very long-term, objective view of the conflict. It also shows that many who study geopolitics could see this conflict coming many years in advance, and yet the leaders of Russia, Ukraine, and the West were, unfortunately, unable to avoid armed conflict by ignoring the lessons of history and geography.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The risk of increased regulation, especially on US technology companies, has largely taken a backseat to other financial risks. This is even as China’s regulatory crackdown on their large technology companies caused their stock prices to drop in 2021 and European regulation has hindered growth in the sector for years. Now the US is becoming more and more active in seeking to rein in the power of its large technology companies, which should not only be a concern for investors but also has the potential to reduce innovation and slow economic growth.

Also, Stock prices have fluctuated so far in 2022 as the long-expected market correction (decline of 10% or more from the previous high) finally occurred in January. However, the fourth quarter earnings season continues to show strong growth in company earnings reports which may be a good sign for stock performance over the longer-term after the current market volatility subsides.

And, January retail sales show strong growth in consumer spending even as inflation pushes prices up. This data continues to support the argument that the reopening of the economy in the Spring of 2021 caused a sharp adjustment in retail spending patterns as spending on gasoline and clothing, which were depressed during the pandemic, recovered the most over the past year. Gasoline prices especially have been a large contributor to inflation, but the increased prices appear to have little impact on consumer gasoline purchases so far.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- What will they think of next? We all know the dangers of Phishing when it comes to email (never reply to an e-mail with personal information or click on links included in an email unless you have confirmed that they are valid) but now you can be SMShed! SMShed (SMS texting from an unknown number) is the same thing as a phishing email, but via text message instead. Usually these come from an unrecognized number, and you should treat them suspiciously just like you would an email from an unknown person – generally by deleting without clicking on anything. Please remember that you will not receive a text message from us directly regarding your accounts. If you do receive a text message from someone at our firm or from your custodian (Charles Schwab, American Funds, etc.) that is unsolicited, please notify us immediately. You can also call Schwab Alliance directly at 800-515-2157 if you have any concerns about the security of your account – they can add additional security such as (1) voice recognition or (2) a verbal password.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, Interest rates have been rising which has some investors concerned that higher borrowing costs may hamper the pace of economic growth. However, the shape of the yield curve (longer-term interest rates rising faster than shorter-term interest rates) continues to signal strong economic growth in the future. Accordingly, the Federal Reserve Recession Indicator, which uses the yield curve to estimate the future pace of economic growth and the risk of a recession in the future, is currently signaling a less than 5% chance of a recession within the next year.

Also, The supply and demand for housing now seem to be in equilibrium, meaning the market is currently not oversupplied or undersupplied. This will likely lead to a cooling in housing prices as the homebuilder industry is able to meet the demand for new housing units. In addition, it is unlikely to lead to a sharp decline in housing prices as demand will likely remain strong enough to absorb the new supply.

And, Restricted Stock Units (RSUs) are a form of employee compensation that often creates some confusion around tax reporting. RSUs are not taxable when granted but rather trigger taxation when they vest. In addition, many employees sell a portion of the shares granted at vesting to cover the required tax withholding. These sales trigger a tax reporting obligation that needs to be reflected on the employee’s tax return. Therefore, it is important to track these transactions and make sure they are properly reported.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS recently announced that it mailed incorrect statements to some taxpayers who claimed the advanced child tax credit in 2021. The IRS has not stated how many of the 36 million families that received advanced payments have been mailed incorrect statements so it is unknown whether this issue will be widespread or limited to a smaller subgroup. Tax season has technically opened as the IRS is now accepting e-filed tax returns. However, several federal and state tax forms have not yet been finalized. Therefore, not everyone will be able to file their tax returns early depending on which forms are

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The US stock market has declined more than 10% to start the year. This officially puts the market in correction territory (a 10% or greater decline from previous highs) but is still well above bear market territory (a decline of 20% of more from previous highs). Stock market corrections are quite common and more often than not do not progress to a bear market. Therefore, investors should be careful about changing their risk level during these declines and instead focus on how their portfolios can be adjusted to take advantage of these declines.

Also, The Federal Government has updated the life expectancies used to calculate Required Minimum Distributions (RMDs). The changes reflect the increase in life expectancies that has occurred in recent decades. For most ages this will reduce the percentage that tax-deferred retirement account holders are required to take each year, however in some cases, there may be no change or could even be a small percentage increase.

And, Taxpayers who received the Advanced Child Tax Credit during 2021 will be required to reconcile, or true-up, their payments with the IRS when they file their tax returns. In order to complete the required calculations, the taxpayer will need a copy of IRS Letter 6419 which will report the amount that the IRS paid on behalf of the taxpayers. Taxpayers should also be aware that the credit may need to be repaid if the status of their dependent(s) changed or the taxpayer’s income increased to the point where the credit is phased out.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Taxpayers will be able to EFILE their federal tax returns starting Monday, January 24, 2022. While we always encourage filing an accurate and timely return, this year it is even more important to take the time to ensure you’ve gathered all the necessary information before submitting your return because of IRS delays due to limited resources and a backlog of tax returns. Therefore, any discrepancies may delay the processing of your potential refund, and should you need to amend your return you may be waiting much longer than the standard processing time.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The stock market has stumbled to start the year. However, digging deeper into the returns it appears that a major shift in market leadership may be occurring. Growth stocks have started the year in the red, led by a sharp decline in technology stocks. Meanwhile, value stocks have posted gains led by a sharp increase in the value of financial stocks. The cause appears to be an increase in interest rates, which typically hurts the valuations of growth stocks while benefiting financials, which may experience increased profits in a rising interest rate environment.

Also, It is increasingly common for investors to lose track of small retirement accounts. One reason for this is that employers may transfer small 401k account balances to IRAs rather than leaving the money invested in the plan. This can complicate financial planning strategies and even change the investment strategy to an IRA default option rather than the investment strategy selected by the plan participant.

And, Buy Now Pay Later programs have become popular with consumers as well as retailers. Retailers like it because it allows them to offer quick access to credit to customers to capture additional sales. Customers like it because these loans can be secured quickly with little or no underwriting. However, it is important that consumers be careful in taking on too much debt or missing payments which may adversely impact their credit score. Often the best practice is to save before buying rather than using short-term credit.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Before preparing your 2021 income tax return(s) it is important to make sure that you have all of the tax forms and other tax information that you need. In some cases, this may mean being patient until all of your investment forms have been issued. This year it is once again especially important to account for the Economic Impact Payments (EIP) that were sent out to most taxpayers in early 2021 as well as any advanced child tax credit received.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The headline inflation rate for the 12 months ending in November was 6.8%, the highest since the 1970s. However, not all goods and services prices increased at the same rate. Energy alone made up 2.5% of the headline inflation rate while food added 0.85%, and vehicle prices added an additional 1.6%. Therefore, just three categories accounted for nearly 5% in inflation whereas most other categories increased at rates that we in line with or slightly above their long-term average.

Also, The personal residence exemption allows a single homeowner to exclude up to $250,000 and married couples to exclude up to $500,000 in gain from the sale of a personal residence and is often under-utilized. Homeowners with gains on their homes that start to exceed the amount of gain that can be excluded may want to consider selling their home to take advantage of the tax benefits and start the gain over on a new home.

And, For taxpayers over age 72, Required Minimum Distributions add a layer of complexity to managing their retirement accounts. This is especially true if the taxpayer is still working as the RMD rules for their employer’s retirement plan may be different than they are for other retirement plans. Therefore, it is important for taxpayers to manage their RMDs and where appropriate possibly implement strategies to reduce or simplify the administration of their RMDs.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- As a reminder, the new higher contribution limits for retirement accounts will be implemented at the start of 2022. The new 401k contribution limit will increase to $20,500 for savers under age 50 and $27,000 for those age 50 and older. This increase will also apply to 403b and 457 retirement plans. If your goal is to maximize your retirement contributions through equal periodic payroll deductions you may need to increase your contribution election before your first paycheck of 2022 is issued.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, It remains to be seen whether the recent bout of high inflation will persist longer-term. However, should inflation remain elevated, it is important to understand the impact that it may have on stock prices. This includes the potential for high inflation to lead to an increase in interest rates, which will likely have negative implications for growth stocks, while value stocks and high-dividend stocks may benefit from such an environment.

Also, Two of the last pandemic related stimulus programs are scheduled to end in the next couple of months. The expanded child tax credit payments that some households are receiving monthly in advance are scheduled to end on December 31, 2021. Also, the moratorium on federal student loan payments and the suspension of interest payments on those loans are scheduled to end in February 2022.

And, Year-end tax planning often involves tax-loss harvesting in which investors sell investments that have a tax loss to capture the tax benefit for the current or future tax years. However, in some years tax-gain harvesting may also be advisable, especially when taxpayers can use past losses to offset the gain, will avoid taxes on the gain due to low income for the tax year, or expect income tax rates on capital gains to increase in future years.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The 2021 SmartVault files have been created; this can be a good place to store any donation receipts, car registrations taxes, property tax payments, estimated tax payments, etc. while we wait for the tax season to begin. Chase is once again contributing to the Sacramento Business Review (SBR) January economic update event. The SBR is a collaboration between members of the Sacramento Chartered Financial Analysts (CFA) Society and the Sacramento State University School of Business.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, After 18 months of volatility the Federal Reserve Senior Loan Officer Survey appears to be signaling a normalization in the market for loans. Lenders tightened lending standards for both consumer and business loans in 2020 but are now loosening those standards to encourage more borrowers to apply. Meanwhile, demand for mortgage loans increased in 2020 but has since declined while the demand for consumer loans (auto, credit card, and personal loans) has recovered this year.

Also, Many people are leaving corporate life for the freedom and flexibility that may come from being self-employed. However, working as an independent contractor rather than as an employee may come with some additional taxes and expenses. It may also reduce access to a number of common employee benefits which should be taken into consideration.

And, When someone passes after setting up a trust to handle their financial affairs there are a series of actions that are required by law to protect the interests of all parties involved. Therefore, the successor trustee as well as the beneficiaries or other interested parties should be aware of the legal requirements in order to meet their fiduciary duty and protect their rights. This is especially important when there are disagreements about how the trust should be administered.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions will soon be sending out our tax engagement letters and organizers in early January. We will also be posting the organizers in SmartVault a few weeks before mailing the organizers. At Planned Solutions, we have been engaged in training about cyber security.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, There are many ways to categorize investments, one being productive assets and another being speculative assets. Productive assets are valued based on the earnings and cash flows that they produce. The value of speculative assets are based on what other investors are willing to pay for them as there are no current benefits, such as income, that make these assets desirable. Based on the differences, these assets often behave very differently, with the value of speculative assets often being far more volatile than the value of productive assets.

Also, The IRS announced that the 2022 tax calculations will be adjusted 3.19% to account for inflation. This means that a number of tax numbers including the standard deduction, the tax brackets, the annual gifting limit, and the estate tax exemption equivalent will all be increased in 2022. These adjustments should lead to tax savings in 2022 for most filers

And, Many taxpayers were able to skip their Required Minimum Distributions (RMDs) in 2020 due to the suspension of this requirement under the CARES Act. However, RMDs are back in 2021, so it is important for taxpayers to make sure these are processed by year-end. In addition, taxpayers may want to review their tax withholding as their distributions may be larger in 2021 due to investment performance and taxpayers being two years older than they were in 2019, the last year RMDs were required.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions want to wish you a happy holiday season and a wonderful New Year. Also, we want to make you aware that Planned Solutions will be closed: Thursday and Friday, November 25th and 26th for the Thanksgiving Holiday Friday, December 24th for the Christmas Holiday Friday, December 31st New Years’ Eve. Please note that any paperwork or forms that need to be processed before year-end should be submitted by December 15th at the latest. Otherwise, it may be challenging for Planned Solutions, as well as the service providers that we contract with, to process the forms before the end of the year.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The US inflation rate has been hovering around 5% for several months this year. This has created some financial strain for some households. However, with some planning, there are some small steps that consumers can take to reduce their personal inflation rate to a level that is more in line with the long-term average, rather than today’s elevated level.

Also, The Build Back Better tax and spending bill has been under negotiations in the House and Senate for the past several weeks. In the process the bill has changed significantly including the total price tag decreasing from $3 trillion to an estimated $1.75 trillion as several spending proposals were dropped. Many tax provisions included in the original draft of the bill have also been dropped.

And, The child and dependent care tax credit was expanded for 2021. The American Rescue Plan Act increased both the amount of child and dependent care expenses that qualify for the credit and the percentage of those expenses that may be claimed as a tax credit. This increased the previous maximum amount of the tax credit from $600 for one child and $1,200 for two children to $4,000 for one child and $8,000 for two children. With such a large amount at stake, it is important to understand the rules related to this credit.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Our office has been a construction zone recently. Part of this was planned and part of it was unplanned. The planned portion includes a renovation of the lobby and bathroom facilities in our building which continues, but we hope will be completed soon Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The global supply strain has been stressed during the pandemic and is still struggling to catch up. The challenges can be simplified into three phases: blockages, shortages, and bottlenecks. In general, it appears that the global economy has largely moved past the blockages caused by the pandemic and there is no longer a major shortage of goods being produced. However, bottlenecks, especially those at transportation hubs, continue to be a challenge.

Also, The Social Security Administration recently announced that it will be increasing Social Security benefits by 5.9% in 2022, the largest increase since 1982. However, Medicare is expected to increase its premiums by $10, or 7%, which will offset some of the increase in Social Security benefits for many retirees. The Social Security wage base will also increase by 2.9%.

And, Student loan debt has become a major consideration for many graduates who are burdened with high debt that may hinder their ability to engage in long-term financial planning. In addition, recent changes to the laws have increased the options for paying back student loan debt which include income-based repayment options, public service loan forgiveness, and a 20-year repayment period after which student loan balances are forgiven.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl and Chase attended the virtual monthly meeting of the Financial Planning Association of Northern California. The program this month was focused on student loan strategies. As a reminder, Planned Solutions reports, as well as most investment statements, are available to be sent electronically rather than in paper form.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The US stock market appears to be overpriced based on a number of backward-looking indicators such as the price-to-earnings ratio. However, these indicators are relying on data reported in the middle of the pandemic, which may not be indicative of the future. Instead, investors may be pricing stocks by looking forward and anticipating continued growth in future earnings. Should these earnings expectations be met, or exceeded, stocks may no longer look expensive or could even offer attractive valuations going forward.

Also, The US economy has recovered from the Coronavirus-induced recession, but the labor market continues to struggle to fully heal. Some economists question whether the US labor market is broken, pointing to the millions of job openings that have gone unfilled while there are millions of people seeking employment

And, In 2020 a special tax provision was passed which allowed taxpayers who do not itemize their tax deduction the ability to deduct up to $300 in charitable contributions made by cash, check, or credit card. For 2021 this provision has been expanded to allow a $300 deduction for most taxpayers and a $600 deduction for a married couple filing a joint return. This new tax rule provides an opportunity for the millions of taxpayers who no longer itemize their tax deductions but would still like to benefit from small charitable contributions.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions’ cancer charity golf tournament was a great success this year. Planned Solutions sponsored the Wounded Warriors Family Support golf tournament at Sierra View Golf Course this year. Chase’s son, Trevor, carried the Planned Solutions team with his long drives and great putting. Chase played in the first-ever golf tournament for Greater Sacramento Capernaum, which is a charity supporting teens and young adults with physical and developmental disabilities. Still on the docket for 2021 is the Sacramento Area Rotary Governor’s Cup golf tournament in October supporting Rotary’s polio eradication campaign and the Red Cross Drive For Disaster golf tournament in November.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The House Ways and Means Committee recently voted to advance a bill which includes a number of tax law change proposals. While the bill is likely to change multiple times before becoming law, assuming it is even able to get through both houses of Congress, it is interesting to note the previously proposed tax changes that did not make their way into the current draft. Specifically, several of the proposals that could have increased the cost of tax compliance or made compliance with the law difficult were excluded.

Also, The University of Michigan Consumer Sentiment index has once again decreased to its pandemic lows after a short-lived recovery from April 2020 to May 2021. This may be an indication of future weakness in consumer spending or it may just be a hangover resulting from the end of stimulus payments and enhanced unemployment benefits.

And, Tax law changes expanded the definition of qualified educational expenses for section 529 educational savings accounts. Now 529 plan assets may be used to fund private school tuition for K-12 in addition to funding expenses for college, university, and/or vocational schools. However, any money used for primary school education will not be available to pay for secondary school education, so it is important to review your long-term plan before using 529 plan assets to pay for K-12 private school tuition.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament was once again a big success. ,This year we raised over $11,000 for cancer charities bringing our cumulative total to $142,719. We would like to thank everyone who supported the event this year and in years past by attending the tournament, bidding on auction items, and contributing to cancer charities.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The Social Security retirement program is now projected to exhaust its reserves by 2033. After that point the Administration will only have enough money to cover 76% of current projected benefits. Therefore, it is likely that changes will need to be made to Social Security benefits at some time in the future to put the program on firmer financial footing. However, how the program may be changed remains to be seen as there are many different ways lawmakers could change the program to fix its underfunding.

Also, The IRS has been sending out far more tax notices than it did in 2020 or even before the pandemic in 2019. However, the level of IRS customer service has continued to leave much to be desired as the IRS has been unable to keep up with the processing responses to its notices and is only able to answer 8% of the phone calls that come into its call centers.

And, Home improvement projects on a personal residence often fall into two tax categories. There are improvements that do not create a current tax benefit but increase the tax basis in the home which may reduce the tax owed when the home is sold in the future and there are projects that qualify for a tax credit which may reduce a taxpayer’s tax liability in the current year. It is important to keep accurate records and discuss any home improvement expenses with a tax professional to make sure the expenses are recorded properly.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase was recently a guest on the Can I Get That Software in Blue podcast. The podcast is intended for listeners who are in software sales or support and focuses on methods that professionals in software sales can use to learn more about potential customers. Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, Recent minutes released from the Federal Reserve show that Fed officials are contemplating reducing the pace of their asset purchases as early as this Fall. This raises the question as to whether the market will engage in a second Taper-Tantrum similar to its negative reaction to Fed tapering in late 2018. However, the economic and financial backdrop is quite different this time around so a Taper-Tantrum could be avoided in aggregate while certain segments of the market may be impacted.

Also, Mortgage lenders in the US may soon be able to use a borrower’s history of making rent payments to help them qualify for a mortgage loan. This may be very helpful for borrowers who otherwise have a limited credit history. It also makes it very important that renters pay their rent on time and do so in a way that is easily trackable and able to be documented.

And, many people who purchased long-term care insurance are receiving notices stating that their premiums will go up, their benefits will be reduced, or both. This can be a real challenge for individuals who are counting on long-term care insurance to offset the cost of care later in life should they need it. Often this decision requires a thorough review of the changes to the long-term care insurance as well as an exploration of the other options available.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Book Report: The Psychology of Money, by Morgan Housel

When I wrote my book, Financial Planning Insights, I envisioned a book of short chapters that would give readers insights not just into important financial planning topics but also different ways to think about money and make more informed financial decisions. Morgan Housel’s book, The Psychology of Money, does just that in many ways exceeding my own ability to explain financial decision making and timeless

Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, China may be following the pattern experienced by communist countries in the past. Rapid economic growth often leads to a redistribution of wealth, which is followed by government oppression, resulting in a purge of those who have come to embrace increased economic freedom. Should China repeat the mistakes of its predecessor communist governments it could have major implications for the global economy and multinational supply chains.

Also, Recent inflation data has been high but most economists expect it to moderate in the coming months. However, government spending on infrastructure has the potential to increase inflationary pressures or to increase consumer inflation expectations. When consumer inflation expectations increase there is often a corresponding increase in inflation creating an inflationary feedback loop.

And, Life insurance is an important financial planning tool that can be used for a variety of purposes to meet an individual’s or family’s financial planning goals. One type of policy that is often overlooked is a Second to Die policy in which the insurance proceeds are not paid out until the last insured passes. This can be a valuable tool for those who want to make sure their estate has ample liquidity to meet their estate plan needs.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, Stock buybacks and dividends peaked in the first quarter of 2020. Since then, the amount of capital returned to shareholders has declined every quarter as companies have retained more capital and focused on paying down debt accumulated during the recession. The question is: Will buyback and dividend activity recover to pre-pandemic levels or will there be a shift in corporate strategy to focus on financial stability over returning capital to shareholders?

Also, Some government programs that were put in place to address the economic challenges resulting from the pandemic have been highly promoted, while others are little known and have been largely underutilized. Households and businesses should conduct a review to see if there is additional assistance available that will allow them to bounce back from the pandemic faster and help to undo the damage from the past 18 months.

And, With inflation increasing, many manufacturers and retailers are going back to their old playbook, which may include raising prices, offering fewer discounts, and of course shrinking the size of their packaging. Smaller packaging makes the price per unit higher even though the list price is the same. The goal is to take advantage of consumers who are not paying close attention to the price and quantity of their purchases. This makes it even more important that consumers monitor their purchases and their prices when making buying decisions.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS and State tax agencies appear to be more active in sending out tax notices recently. This may be yet another sign of things returning to normal as more and more people get vaccinated.

Chase attended a virtual conference on sustainable investment strategies. This continues to be an area that is capturing investor interest but, as with most new areas, there is little agreement as to how these strategies should be defined. This makes for a very fluid landscape as definitions, strategies, and metrics for measurement are constantly changing.

Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, Taxpayers have begun to receive notices about the advanced payment of the new expanded child tax credit. However, many taxpayers end up with questions about how much of a credit they will qualify to receive, whether they should elect to receive advanced payments or claim the full tax credit on their income tax returns, and how they can update their information with the IRS so that the number of their advanced payments are calculated correctly.

Also, The federal government deficit decreased over the past nine months despite an increase in federal spending related to the pandemic. The decrease was largely due to a sharp increase in personal and corporate tax revenues as the US economy has bounced back from the economic restrictions implemented to slow the spread of the Coronavirus.

And, a Limited supply of new cars due to supply chain disruptions has created a hot market for new and used cars. This is the market for a new car that may find higher prices and fewer options in terms of the vehicles available. However, in many cases, financing terms are still favorable, and buyers may be able to get a premium price for their trade-in. Meanwhile, those in the market for a used car may find few available and higher prices as the average age of the vehicle on the road increases due to reduced vehicle turnover among car owners.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl and Chase attended the July meeting of the Financial Planning Association of Northern California. The meeting topic was the changes to the insurance industry in recent years.

Don’t forget about the Harlan D. Wood Memorial Cancer Charity Golf Tournament that is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start with a dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, Inflation rates have been in focus as the year-over-year inflation rate hit 5% in May. However, many gauges of future inflation rates show a far more subdued picture. The 10-year inflation breakeven rate, a gauge of investors’ expectations for inflation over the next 10 years, is currently just 2.33%. In addition, interest rates, which typically increase during periods of high inflation, have actually declined since March signaling low inflation expectations.

Also, Home prices increased 24% year-over-year according to the National Association of Realtors. Meanwhile, the number of existing homes listed for sale has declined over the past four months leading to an even greater mismatch between housing demand and the supply available in the market. This may continue to be supportive of home prices until homebuilders bring new supply to the market.

And, The IRS is finally getting around to correcting tax returns that claimed unemployment benefits but were filed before the American Rescue Plan Act (ARPA) was passed. Under ARPA taxpayers may exclude up to $10,200 of unemployment benefits from federal income tax. Taxpayers who did not claim the exclusion will likely be due a refund once the IRS makes the corrections on their returns. However, taxpayers with more complicated returns may want to analyze to make sure the IRS changes are correct and that they receive the full benefit under the law.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- As people continue to get vaccinated and the number of COVID-related hospitalizations declines, the world is starting to get back to normal for many of us. In line with this trend, Planned Solutions will once again be back in the office full time following the Fourth of July holiday. So, if you have been holding off on setting up a review meeting until the meeting could be in office, this is the time to set up a meeting. We look forward to returning to some normalcy and being able to see many of our clients in person once again. Of course, those who do not live in the area or are not comfortable meeting in person can still schedule meetings via phone or Zoom.

We have spent the past several months reviewing our cybersecurity strategy to ensure we are using the best practices from our industry to keep our clients’ information safe and ensure operational continuity. As a part of this review, we are constantly seeking out new ways to keep our network secure, securely communicate with clients, and detect any attempts by hackers to breach any part of our systems. As a result of our recent review, Planned Solutions will increase our cybersecurity budget to upgrade our capabilities and incorporate new services designed to detect and prevent data breaches. The security of our client's data is very important to us, making cybersecurity one of our fastest growing budget items in recent years.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, US economic data has been extremely strong in recent months. Most of the leading economic indicators are at very high levels and have been trending in a positive direction over the past several months. A few areas have still not fully recovered but in most cases, there are easy explanations for this subpar recovery, such as supply chain disruptions, which may be solved in the coming months.

Also, Too often estate planning documents do not take into account the possibility of a future divorce. As a result, estate plans may be frozen for months while a property settlement is hashed out. This could lead to undesirable outcomes should one party die or become incapacitated during the divorce process. Therefore, it may be beneficial to plan ahead and make contingency plans just in case.

And, Many people are surprised to find out that Social Security pays a $255 death benefit when a recipient of Social Security benefits passes away. In cases where Social Security has the information required, they will automatically send out the payment. However, in other cases, a surviving spouse or eligible child may need to apply for the death benefit within two years of the date of death for a payment to be issued.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Identity theft and fraud continue to be all too common. However, several best practices can be used to protect yourself:

1. Be suspicious of unsolicited phone calls, e-mails, and texts asking you to send money or disclose personal information. If you receive a suspicious call from an individual or institution that does not accept it, hang up, and call back using a known contact number.
2. Be cautious when sharing sensitive information and conducting personal or confidential business via e-mail since it can be compromised and used to facilitate identity theft.
3. Do not disclose personal or sensitive information on social media sites, such as birthdates, contact information, and mother's maiden name.
4. Do not verbally disclose or enter confidential information on a laptop or mobile device in public areas where someone could see, hear, or access your information.
5. Verify payment requests you receive by using a known phone number or e-mail.
6. Do not click on links in e-mails unless you have verified with the sender that the e-mail is legitimate.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, TThe US inflation rate has increased in recent months whether measured by the Personal Consumption Expenditure (PCE) index of the Consumer Price Index (CPI). However, the data has been anything but consistent as the two rounds of economic stimulus paid during 2021 have clearly impacted the personal income and inflation data. The question is whether inflation data will be able to trend at an above-average rate without additional stimulus payments.

Also, The American Rescue Plan Act increased the amount of the child tax credit for some taxpayers. In addition, the Act makes a portion of the credit an advanced refundable credit so that it will be paid to taxpayers during the tax year. However, if a taxpayer does not end up qualifying for the credit they may be required to repay it. To avoid this the IRS will allow taxpayers to opt-out of the advanced payment of the credit.

And, The value of bitcoin decreased by more than 50% from its April high to its low in mid-May. This decrease in value erased nearly all of the 115% gain for 2021. This volatility may is the latest test for bitcoin and other crypto-currencies to see if new investors will continue to pile into these assets when the risk of large losses, rather than just the allure of large gains, must be taken into account. Either way, investors will need to accept that a 15% decline in value in one day may lead to large losses without warning.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- If you have called into our office or dropped by pre-COVID when the office was open, there is a good chance that the first person you talked to was Katelin. Katelin has been working as Planned Solution’s receptionist and in a client service role for several years. Up until recently her schedule has been part-time during the school year and full-time over the summer. The good news is that Katelin has graduated from Sacramento State University and will be working full-time at Planned Solutions on a year-round basis going forward. So next time you call into the office and Katelin answers join us in congratulating her on her accomplishment.

Daryl recently attended the Financial Planning Association NorCal Conference. As Planned Solutions’ representative on the Financial Planning of Northern California Board of Directors, Daryl has been active in supporting the growth and development of the Financial Planning industry. Normally this conference is held in San Francisco but will be held virtually for the second consecutive year. Hopefully, by 2022 we will be back to in-person conferences and the valuable networking that often results from face-to-face meetings.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, California Proposition 19, which passed last November, has changed the property tax rules for inherited property. This has caused many people to rethink their estate plan and how they will pass real estate to their heirs. However, before making any irrevocable decisions it is important to understand the broad implications beyond property taxes and to weigh all of the pros and cons.

Also, The US labor market recovery has slowed despite the continued improvement in the US economy. Some blame this on the extension of unemployment benefits which has caused low-wage workers to delay re-entering the labor force. This may partially explain the high level of job openings and high unemployment rate. However, there may also be a mismatch between the job skills workers have and those that are in demand.

And, The Required Minimum Dist-ribution (RMD) rules can be fairly straight forward in general but become more complicated when the details are examined. One of these details pertains to the distribution requirements in the year the account owner passes. If the account owner has not yet taken their RMD in the year that they pass away their beneficiaries will be required to fulfill the RMD for the account owner in the year the account is inherited.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Tax season is finally over but tax planning season goes all year. Therefore, this may be a good time to review your income tax withholding, especially if you were unhappy with the amount you owed on your 2020 income tax returns or felt your refund was too large and the money could be put to better use during the year. Feel free to contact us if you would like to do a tax projection for 2021 to estimate your income tax liability and review your income tax withholding.

Also, don’t forgiet about the Harlan D. Wood Memorial Cancer Charity Golf Tournament is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start with dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The US stock market has started 2021 on a strong note. Helping to fuel the market rally has been a sharp increase in the level of margin debt (money borrowed in order to purchase investments). Typically, an increase in margin debt is a sign that investors are very bullish which can be a good sign in the short term. However, margin debt must be repaid at some point which means it could cause a wave of selling in the future.

Also, The just-in-time inventory management model has been adopted by many manufacturers as a way to reduce costs. Now that model is causing supply shortages of many goods that have been in high demand due to a lack of the inputs that are needed. This could cause manufacturers to change their tactics and hold larger inventories, the cost of which may be passed on to consumers.

And, Technology continues to take over more and more areas of everyday life by using standardized rules or algorithms to simplify decision-making. Finance is no different as technology platforms have attempted to use simplified models to offer investment management services at a low cost. However, investors should be aware that these trading programs often do not take into account their overall financial picture, including their tax situation, and may create inefficiencies such as an increased tax liability.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The 2020 tax return deadline is right around the corner. Taxpayers have until Math 17th to file their personal income tax returns or apply for an extension of time to file. However, an extension of time to file a tax return is not an extension of time to pay any tax due. Therefore, taxpayers should complete as much of their tax return as possible before May 17th in order to be able to estimate the amount of tax due, if any, before the May 17th deadline. Taxpayers who file for an extension but fail to pay any tax due may be subject to a late payment penalty as well as interest on the amount due up until the date that the tax due is paid.

Now that tax season is nearing an end many taxpayers are wondering how long they need to keep their tax records. For most taxpayers, the statute of limitations for the IRS to audit or make changes to a taxpayer’s tax return is three years from the due date of the return or the date the return was filed. Therefore, most taxpayers may now destroy their tax records from the 2017 tax year.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, The US economy is expected to officially make a full recovery from the pandemic-related recession when the first quarter of 2021 economic growth data is released at the end of April. The strong recovery has caused the Federal Reserve Recession Indicator to fall sharply. Currently, the estimate is that there is just a 5% chance that the US economy will be in recession at this time next year.

Also, Income tax-related identity theft has become more prevalent in recent years and maybe even more common this year due to the refundable tax credit (stimulus payments) available on 2020 income tax returns. As a result, many tax agencies have increased the number of random identity checks to ensure that the tax returns that they receive were submitted by the taxpayers listed on the returns.

And,As RVs have become more popular as a COVID safe vacation option many purchasers are surprised to find that they may be able to deduct the interest they pay on their RV loan as mortgage interest. Many RVs do meet the requirements to qualify as a second home which may allow taxpayers to deduct the interest paid on an RV loan. However, taxpayers should look into the details and how it is applied to their individual circumstances before making such a large purchase, especially if tax savings is a part of the reason for the purchase.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Several members of the Planned Solutions team are now partially vaccinated and will hopefully be fully vaccinated soon. Others have not yet had the opportunity to be vaccinated based on the current priorities that the State has in place but hopefully this will change in May. So, at this time we are still not having client meetings in-office but we hope this will change by early summer as the vaccine effort continues to expand in the Sacrament Region.

For those who prefer in-person meetings we hope to be able to accommodate that soon. Meanwhile, those who have found Zoom meetings to be more convenient we will continue to offer that option going forward. Of course, traditional phone meetings will continue to be an option as well.

We are thankful for your understanding and patience.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, Predictions for US economic growth in 2021 are about 6% or nearly double the long-term trend level. This is largely due to three factors that are likely to support the economic growth rate. First, there is the continued economic recovery that started in 2020 and continued into 2021. Second, the American Rescue Plan Act passed this year will add $1.9 trillion of stimulus in the short term. Third, as more people are vaccinated and economic restrictions are removed it may result in increased spending.

Also, the IRS has announced that it will be making corrections to 2020 tax returns based on the CARES Act and American Rescue Plan Act changes to the 2020 tax law. The IRS asked taxpayers to wait for the IRS to make the corrections rather than submitting an amended tax return which could delay the amount of time to process a refund.

And,The IRS has extended the tax filing deadline to May 17th for 2020 individual tax returns. In the process, the IRS also extended the time that taxpayers have to make contributions to traditional IRAs, Roth IRAs, and Health Savings Accounts (HSAs) to May 17th. This gives taxpayers another month to make contributions that may decrease their current or future tax liabilities.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-With so many people being vaccinated, we are optimistic that we will be able to have a more normal charity golf tournament this year. So, we have made reservations for the tournament, dinner, silent auction, etc. in the hopes that we will be able to safely gather once again. As a result, the Harlan D. Wood Memorial Cancer Charity Golf Tournament is scheduled for early September. Please mark your calendars if you will be able to attend.

Date: Friday, September 10th, 2021 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start with dinner to follow

All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, The American Rescue Act includes a number of tax provisions that apply to 2021 and even some that apply to 2020. Many of these provisions phase out at higher income levels so taxpayers should be aware of which benefits they may benefit from and which may be eliminated based on their projected 2021 income. In some cases, diligent tax planning my allow a taxpayer to limit their Adjusted Gross Income (AGI) to a level that will allow them to qualify for additional tax deductions and credits.

Also, The American Rescue Act includes a number of tax provisions that apply to 2021 and even some that apply to 2020. Many of these provisions phase out at higher income levels so taxpayers should be aware of which benefits they may benefit from and which may be eliminated based on their projected 2021 income. In some cases, diligent tax planning my allow a taxpayer to limit their Adjusted Gross Income (AGI) to a level that will allow them to qualify for additional tax deductions and credits. For more information, https://www.irs.gov/payments/online-payment-agreement-application.

And,The American Rescue Plan Act of 2021 provides taxpayers with three different opportunities to collect stimulus payments. Taxpayers who did not file their 2019 income by the time their stimulus payments were processed had their stimulus amount based on their 2019 income. Meanwhile, those who did not qualify for a stimulus payment, or received a reduced stimulus payment, may qualify for additional funds on their 2020 tax return. The third opportunity is based on the income on the taxpayer’s 2021 income tax return.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-The federal tax filing deadline has been extended to May 17th by the IRS. This will give taxpayers an additional month to collect, file, and if applicable pay their 2020 income taxes. Meanwhile, other states have responded to this news in different ways. For example, California extended its tax-filing deadline in-line with the IRS but did not extend the deadline to make payments. So taxpayers should still try to gather all of their tax information and at least have a good estimate of their tax liability by April 15th so they will know if they need to make estimated payments. This is especially true if you live in a state that has not conformed to the extended IRS filing deadline.

One of the challenges for the 2020 tax season has been tracking down the actual amount of stimulus payments taxpayers received. There has been understandable confusion about the stimulus payments with most taxpayers believing that the second round of stimulus, which was primarily paid in 2021, was a credit for 2021 when in fact it is a credit for 2020. To avoid these issues during the 2021 tax season it is important to maintain records of the amount you receive in the third round of stimulus in preparation for next years’ tax season.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, Investment strategies focused on Environmental, Social, and Governance (ESG) issues have become a topic of conversation in investment circles. However, this movement has often raised more questions than it has answered as there is no accepted criteria to determine if a company meets an ESG screen and once a criteria is determined it can be difficult to apply when rating companies. However, there are some new tools, that while imperfect, investors can use to assess the ESG rating of their investments. More information can be found at https://www.msci.com/esg-investing

Also, The IRS has strict guidelines as to what charitable contributions qualify for a tax deduction. The donation must be made directly to a qualified charity, the value of any goods or services received by the donor must be subtracted from the amount donated, and the donor must receive a letter or statement detailing the date and amount of the donation.

And,The US labor market continues to recover from the job losses in 2020, although the pace of the recovery has slowed. The US economy added 379,000 jobs in February causing the un-employment rate to decline by 0.1% to 6.2%. However, the total number of jobs lost during the pandemic still stands at nearly 8.5 million despite the 16 million jobs recovered in the last 10 months. One positive is the increase in average hourly earnings of 5.3% over the past 12 months.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-As the most recent stimulus bill makes it way through Congress there has been a great deal of debate about what benefits should be included and in what amounts. The most contentious issues seem to be who will be eligible for the third round of stimulus payments and the amount and duration of supplemental unemployment benefits. Sone Senators are pushing for the eligibility for the stimulus to phase out at lower income levels which could exclude some middle-income households. In addition, it appears that the amount and duration of supplemental unemployment benefits may be reduced from what was proposed in the bill passed by the House of Representatives.

Another interesting development could impact the filing of 2020 income tax returns. There is now a proposal that would allow taxpayers to exclude up to $10,200 in unemployment income from their federal taxable income. If this provision is made retroactive to 2020 it could force many taxpayers to amend their 2020 tax returns to claim a tax refund. Meanwhile, those with unemployment income reported on their return who have not yet filed may benefit from delaying their filing until the terms of the final bill are known.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, The Game Stop Saga has captured headlines and led to hearings and debates about what went wrong. However, we would argue that this is an example of the financial markets behaving exactly the way they should. The hedge fund that took excessive risks reported large losses. The investors that helped police the markets by uncovering this excess profited. The speculators who piled on later lost. The companies that are charged with maintaining the integrity of the financial markets put in place restrictions to avoid a financial crisis.

Also, A big part of financial planning is risk management. When it comes to pandemics or natural disasters risk management means planning ahead so that you are prepared for a loss of electricity, lack of access to water, and shortages in food or other necessities. Investing in a disaster preparedness plan may offer a significant payoff if a disaster unexpectedly strikes.

And, The SECURE Act shortened the time period that most beneficiaries have to fully distribute an inherited IRA to 10 years. However, there are several exceptions to this rule which allows surviving spouses, minor children of the original account owner, disabled or chronically ill beneficiaries, and importantly beneficiaries who are less than 10 years younger than the original account owner. Those who are less than 10 years younger than the original account owner include those who are older than the original account owner.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Schwab as well as most other custodians have started issuing the 1099-Div and 1099-B tax forms for non-retirement accounts. In the past, these forms have been corrected in late February or early March to account for changes in the number of qualified dividends. This year Schwab has done a better job of getting all of the information needed before sending out the initial 1099s in early January and mid-February. This should reduce the likelihood of corrected 1099s being issued in March, however, it is still possible that some investors will get corrected 1099s. The problem is that some mutual funds may report corrected numbers to Schwab after the 1099s have been issued which would necessitate a correction.

Chase once again volunteered to be the presenter of the Financial Planning Association of Northern California’s Economic Update program. The meeting was held over Zoom which was a change from past years but was still fairly well attended. Chase’s presentation focused on economic and investment themes that often emerge following a recession and market selloff.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The US economy contracted 3.5% in 2020 posting the largest calendar-year decline since 1946. While this is a large decline it represents a big recovery from the sharp decline in economic activity that occurred in the second quarter of 2020. The first half of the year was defined by a decline in consumer spending and investment and a surge in government spending. The second half of the year it shifted to a recovery in household spending and investment and a decline in government spending.

Also, The current focus of the Biden Administration has been to negotiate another round of Coronavirus stimulus with congressional leaders. This may include a third round of direct payments to US households; however, the amount of the payments and which households will receive them are currently being debated.

And, In the past, the IRS has only issued Personal Identification Numbers (PINs) to the taxpayer who was the victim of tax-related identity theft in the past. Now, the IRS has announced that any taxpayer may apply for an IRS PIN by going to the IRS website and requesting a PIN. Once the PIN is issued this number will be required to file a personal income tax return. Taxpayers who request a PIN and fail to include it on their tax return will have their return rejected by the IRS.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Many tax forms may be delayed this year as companies work to issue tax forms while maintaining social distancing in their offices and printing facilities. Therefore, we may need to be more patient this year to make sure we have all of the forms needed to file an accurate income tax return. While a speedy refund is nice it is more important to make sure a return is filed accurately to avoid issues down the road.

The IRS will be accepting tax returns for the 2020 tax year starting on February 12th. However, not all IRS forms and instructions have been finalized yet. Therefore, the processing of some tax returns may be delayed past the 12th if the return contains any of the forms that are still in draft form. As a matter of policy, it is best to wait until all forms have been updated to avoid the need to amend a tax return due to changes in the tax calculations. We will continue to monitor this closely and finalize tax returns as soon as it is prudent to do so.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, There have been several news articles about stock price anomalies over the past year. These stock price spikes have been caused by several short-term trading strategies that have become popular among younger investors and those with limited funds to invest. While the news articles often focus on the large short-term profits that some investors may realize, they often do not cover the big losses that many traders recognize after prices return to their values based on company fundamentals.

Also, The IRS views forgiveness of debt as taxable income to the borrower under most circumstances. This means that the amount of any student loan forgiveness that may occur in the future could generate an unexpected tax bill. Therefore, student loan borrowers may benefit from setting money aside for taxes now.

And, The IRS has announced that the official start of tax season will be delayed until February 12th this year as the IRS needs time to update their computer system due to the tax changes recently made by Congress. It is also important to remember that unlike last year, the tax filing deadline has not been extended for 2021 so a timely filed tax return must be submitted by April 15th, 2021.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Before preparing your 2020 income tax return it is important to make sure that you have all of the tax forms and other tax information that you need. In some cases, this may mean being patient until all of your investment forms have been issued. In other cases, it may mean being careful to thoroughly go through your mail looking for tax forms. For example, mortgage companies often send out Form 1098 which reports the interest paid during the year with the monthly mortgage statement. So, it is important to sort through all of the pages in the mailing to see if your tax forms were included with the most recent statement. This year it is especially important to account for the Economic Impact Payments (EIP) that were sent out to most taxpayers as a part of the CARES Act. This form was sent when the EIP was made and reports the amount that taxpayer(s) received. It will be important for your tax preparer to have access to this form or at least have a record of the amount if any, that you received in EIP payments during 2020.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, There has been a shift in stock market leadership since November 2020 which has continued into early 2021. Whereas large company US stocks outperformed their peers in 2020 the trends seem to be reversing. Small and Mid-sized companies are already outperforming large company stocks. Foreign stocks are showing signs of taking over leadership from US stocks. Meanwhile, value stocks have made some headway against growth stocks.

Also, both the manufacturing and services survey data released by the Institute for Supply Management for December show that the economy is growing and that the pace of growth is accelerating. This is a positive sign for the US economy as it transitions to a new year following a difficult economic environment in 2020.

And, The IRS enforces maximum contribution limits to employer-sponsored retirement plans such as 401k, 403b, and 457 plans. Plan sponsors are usually good about monitoring these contribution limits but in some cases, a participant may find that they contributed more than the allowed maximum. In this case, the participant will need to correct for the excess contributions to avoid double taxation and a potential excess contribution penalty

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-About a year ago we had a bulletin board post about a new podcast that Jason LaChance, the host of the Planned Solutions Podcast, was starting. His podcast is called Knockin’ Doorz Down which focuses on addiction and recovery as well as helping people to overcome trauma to lead a better life. Since last year the podcast has really taken off with a variety of famous and interesting guests discussing their struggles with addiction or other challenges and how they were able to overcome them to lead a better life and help others. Specifically, the interview with Tom Farley, brother of deceased comedian Chris Farley; Andy Buckley who played David Wallace on the TV series The Office; and Olympic Gold Medalist and reality TV star Caitlyn Jenner are some of the big names and personalities that were interviewed by the Knockin’ Doorz Down hosts. Click here to subscribe and listen on your preferred podcast app https://linktr.ee/knockindoorzdown

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, Margin debt, the amount of money investors borrowed to increase the risk of their investment portfolios, has fully recovered from its low in the first quarter of 2020. This is a sign that investors are once again embracing market risk and are borrowing to bid stock prices higher. While an increase in margin debt may be a good sign for stocks in the short-term, when margin debt gets too high it may be a sign that the increase in stock prices may not be sustainable.

Also, As we enter 2021 there are two economic forces that may support US economic growth. These are the wealth effect in which increased asset prices support increased household spending and pent up demand which may cause a spike in demand for goods and services that have been unavailable due to COVID-related economic restrictions.

And, Beneficiary elections on retirement accounts determine who will receive the account upon the owner’s death. These designations supersede and wills or trusts. In addition to selecting beneficiaries and the percentages, they will receive an account owner can elect per stirpes or per capita election. This election will determine how the account will be divided should a designated beneficiary predecease the account owner.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-We recently discovered that our tax program has scheduled a major software update for January 7th. This update will impact the formatting of the tax organizers and letters that we send out to our tax clients each year. Therefore, rather than sending the organizers shortly after the first of the year which was our goal, we will need to delay the mailing of the tax organizer packets. Our new goal is to have all the organizers sent out by the third week of January. We are sorry for any inconvenience this may cause.

All of us at Planned Solutions would like to wish you a happy New Year. New Year’s Day often brings with it a feeling of renewal and expanded possibilities for the future. We hope that 2021 fulfills this promise allowing us to put 2020 behind us as we look to the future and the many opportunities that the New Year, and an eventual post-COVID, new normal takes hold. Happy New Year!

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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In this episode of the Planned Solutions Incorporated Podcast, Congress is currently debating the second round of stimulus. The currently proposed bill will extend unemployment benefits, although at a lower level, for many Americans as well as offer additional help to small businesses. There is also funding for state and local governments and vaccine distribution included in the bill. However, there are a number of factions within both parties that are threatening to hold up the bill if it does not include other provisions that they support.

Also, As scientists continue to learn more about the COVID19 virus they have developed a number of new online tools that help individuals assess their risk of contracting the virus, becoming hospitalized, or dying from the virus. Hopefully, these tools will allow individuals to make informed decisions to keep themselves safe during the holiday season.

And, In 2020 taxpayers who do not itemize their tax deductions may be able to benefit from small charitable contributions. Under the CARES Act taxpayers may deduct up to $300 of charitable donations made by cash or check from their 2020 taxable income even if they claim the standard deduction. This may be in addition to a State income tax deduction depending on the tax rules in the taxpayer’s state.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions will soon be sending out our tax engagement letters and organizers in early January. If you have any questions about the engagement letter or tax organizer, please call or e-mail us. If you did not get a tax packet and would like Planned Solutions to prepare your 2020 income taxes, please let us know and we will get a packet out to you before filing season starts on February 1st.

Chase is once again contributing to the Sacramento Business Review (SBR) January economic update event. The SBR is a collaboration between members of the Sacramento Chartered Financial Analysts (CFA) Society and the Sacramento State University School of Business. Financial Analysts and Sacramento State professors team up to tackle different aspects of the Sacramento region’s economy, including the labor market, real estate market, and small business sector among others. Chase is a member of the SBR labor market team which covers the Sacramento region’s job market. Unfortunately, there will be no in-person event this year due to the need for social distancing but the updated publication will be available at www.sacbusinessreview.com.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The US stock market has defied its historical patterns in 2020. Whereas the Summer months are typically characterized by low price volatility and relatively flat returns this year the market posted strong returns from June to August. Then, the market sold off in September and October which historically sets the tone for the remainder of the year. However, this year the market rallied in November, bucking the historical pattern, and taking the US stock market indexes to a new high.

Also,The annual event that is Black Friday has lost a large part of its significance in 2020. Shoppers largely avoided stores and instead opted to shop online with total sales down for the year. This has left economists wondering if the data has any predictive power in 2020 as the pattern of holiday shopping may be shifting with spending occurring over several weeks given reduced promotions and an emphasis on online sales.

And, The IRS issues IRS Notice 1444 to all taxpayers who received an Economic Impact Payment under the CARES Act. Taxpayers will need this notice to file their income tax returns in order to avoid accidentally claiming multiple tax credits. If IRS Notice 1444 cannot be located it will be important to find bank records that confirm the exact amount received.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions want to wish you a happy holiday season and a wonderful New Year. With the holidays falling in the middle of the week this year Planned Solutions will be closed several days during the three weeks of the year. Planned Solutions will be closed:

Thursday and Friday, December 24th and 25th for the Christmas Holiday Thursday, December 31st afternoon for New Years’ Eve Friday, January 1st for New Years’ Day

Please note that any paperwork or forms that need to be processed before year-end should be submitted by December 16th at the latest. Otherwise, it may be challenging for Planned Solutions, as well as the service providers that we contract with, to process the forms before the end of the year.

Chase Armer's book- Financial Planning Insights is now available at:

store.bookbaby.com/book/financial-…anning-insights

www.amazon.com/Financial-Plannin…1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, Positive news about the development of a Coronavirus vaccine has caused the stock market to rally to new highs in November. Within this trend, there are signs that the leadership of the market may be shifting. After months of US large growth companies outperforming international, small and mid-sized companies, value stocks have outperformed in November. This may be a sign that more economically sensitive companies are taking over market leadership.

Also, The Federal Reserve Recession Indicator now predicts just an 18% probability of the US economy being in recession within a year. This is the lowest level since November 2019 and much lower than the high of 45% in August 2020. This is yet another sign that the US economy is healing as many indicators are already returning to prerecession levels.

And, Due to the low inflation rate in 2020 the contribution limits for many employer-sponsored retirement plans, such as 401k/403b/457 will not change for 2021. This will keep the limits at $19,500 plus an additional $6,500 catch-up contribution limit for participants over age 50. The deferral limits for many self-employed plans as well as profit sharing and pension plans will increase slightly in 2021.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase and Daryl recently presented a Finance 102 workshop to new Pharmacists entering the workforce. This was their second presentation that covered more in-depth topics including retirement plan types, savings strategies, and budgeting. The young professionals gained valuable insights on how to build a strong financial foundation to plan for their futures. You may have received, or will soon receive, a Client Suitability Form to complete and return to our office. The information on this form will help us make sure our investment recommendations are in-line with your financial goals, objectives, and liquidity needs. We kindly ask that you take a moment to review, make any necessary changes, and return the form to us at your earliest convenience.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The number of new coronavirus cases in the US appears to be showing a third wave of cases that exceeds the highs from the April and July peaks. However, on closer examination, there appears to be little signs of states experiencing a second wave much less a third wave. Instead, the national data shows that the US hot spots have migrated from region to region and state to state. States that have experienced high peaks are doing a good job controlling the virus while those that did not previously see high infection rates are struggling now.

Also, The US economy rebounded 33.1% at an annualized rate in the third quarter. However, US economic output is still 2.7% below the level reported for the fourth quarter of 2019. The strongest growth areas were consumer purchases of goods and private investment. Trade detracted from growth as well as government spending which decreased following a strong increase in the second quarter.

And, Social Security benefits will be increasing in 2021. However, the amount of the increase will be a fairly low 1.3% due to low inflation rates which determine the Cost of Living Adjustment (COLA) that is implemented. Meanwhile, the amount that high-income employees pay in Social Security taxes will also increase in 2021 as the Social Security wage base will increase 3.7% to $142,800.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- A number of clients have been asking when our office will be open again. While some of us have been going into the office sporadically our office is still closed for client meetings. Currently, Sacramento County is in the Red tier meaning the Coronavirus threat is still substantial. While this is an improvement from the widespread rating it still requires that some non-essential indoor business operations remain closed. Businesses such as Planned Solutions fall within this category. At this time we really have no idea of when Sacramento Country may move from the Substantial tier to the Moderate tier which may allow us to reopen depending on the exact criteria for reopening that the County requires.

While we understand that many clients would prefer to meet in our office, we will continue to take an abundance of caution. We are very concerned about the health of our clients and team members and feel that the cost/benefit analysis favors remaining closed until we can be confident that the risk is low enough to justify in-person meetings. Until then we will continue to operate via phone or Zoom.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The interest rates paid on savings vehicles, such as bank accounts, as well as lower-risk investments, such as government bonds, are at historically low levels. This has caused some investors to rethink the value of holding bonds in a diversified investment portfolio. However, bonds may offer an attractive opportunity during times of high market volatility as it gives investors the ability to rebalance their portfolio when stock prices rise or fall substantially.

Also, Stimulus talks continue between the White House and the House of Representatives. Both sides have compromised on some issues, but no deal has been made. Meanwhile, the Senate is on a different page in terms of the amount of the next stimulus bill and the areas that will be funded. This makes it unlikely that a second stimulus bill will be passed before the election and may be delayed until the next Presidential term.

And, Retirement account owners often face a dilemma when naming their beneficiaries. Do they leave the money directly to individuals or name their trust which will then administer the money for the benefit for the beneficiaries? This decision can be more complex than many people think as the choice can determine the level of control that can be exerted over the assets as well as the potential taxation of those accounts. Therefore, it is important to understand the pros and cons of a beneficiary strategy.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- This is a particularly challenging time for young people who are leaving school and looking to find their way in the work force. The transition to full-time employment is always challenging. Add in the current recession, uncertainty about the future, and the changes taking place in the business world; such as remote working, social distancing, and limited internship or networking opportunities; and the challenge becomes that much more difficult.

At Planned Solutions we are sympathetic to the challenges that many young people are facing. For this reason, we have made an effort to offer some guidance and mentorship to those who are attempting to figure out how to move forward with their career goals while navigating the current economic conditions. This has included group presentations and one-on-one socially distanced discussions.

If you know of any groups or individuals who may be seeking help planning their long-term career plans, please feel free to pass on our contact information.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, Given all of the challenges that 2020 has brought, charitable contributions are more important than ever. Fortunately, there are a number of ways that donors can give in a financially smart way that will both benefit their finances and help the charities that they want to support. This may also be a good year to make contributions as many organizations are offering matching funds which increases the total impact of the donor’s giving.

Also, Financial technology apps have become popular over the past several years. In many cases, these apps offer a more convenient way to conduct financial transactions. However, in some cases, users may find that they do not have the same consumer protections that are offered by traditional financial companies which could put their money and credit rating at risk.

And, The question of whether to take Social Security benefits early, at full retirement age, or delay to age 70 can be complex. The best strategy may differ depending on an individual’s other sources of income, life expectancy, and financial goals. Therefore, it is important to get educated in order to make a well-informed decision of when and how to claim Social Security benefits.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament was once again a big success. The tournament was quite different this year as there were no gatherings before the tournament and no banquet or silent auction afterward. Players were great about wearing face covering and maintaining social distancing while on the course.

The winners shot a very strong 58 (-14 to par) using the scramble format edging out Chase’s “Dream Team” by one stroke.

More importantly, this year we raised $4.725 for cancer charities this year bringing our cumulative total to 131.788. We would like to thank everyone who supported the event this year and in years past by attending the tournament, bidding on auction items, and contributing to cancer charities.

We look forward to next year when hopefully we will be able to return to our normal format. But if not, we will continue to do what we can to support cancer charities while maintaining a safe environment.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The Price to Earnings (PE) ratio is often used to determine whether stocks are attractively priced or too expensive. However, the PE ratio can become an inverse indicator during times of economic and market turbulence as short-term earnings reports may not be a reasonable estimate of a company’s long-term earnings expectations. Therefore, it is important to take a more holistic approach to valuing investments during times of uncertainty and volatility.

Also, Homebuilder confidence soared in August as low-interest rates, limited homes for sale, and increased demand have pushed home prices up. This could be a positive sign that home construction may help to support the economic recovery in the Fall. However, a limited supply of labor and raw materials, such as lumber, may limit the number of units that can be built in the coming months.

And, The IRS recently announced that they will now be accepting amended tax returns submitted via their e-file system. Historically the IRS required that amended tax returns be paper-filed which often led to long delays. The new e-file option may reduce the processing time for amended tax returns. However, it should be noted that the IRS will only accept amended returns for the 2019 tax year and newer while returns for the prior years will still need to be paper-filed.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- You may receive, or may soon receive, correspondence from Securities America in the mail. This paperwork is related to our old Broker/Dealer, Securities Service Network, whom we contracted with in the past but have since terminated that contract. As of May 31, 2018, we are no longer affiliated with a Broker-Dealer and are now a fully independent Registered Investment Advisory firm. For some reason, Securities Service Network failed to update its records and are sending notice of their upcoming merger with Securities America to people who have closed their accounts. Therefore, you can disregard the correspondence as it no longer applies to you and your investment accounts. Should you have any additional questions, please don’t hesitate to contact us.

Chase, Shannon, Joel, and Daryl played in a golf tournament to benefit the Red Cross. While we did not come anywhere near winning, it was a great team-building exercise and benefited a good cause. With the wildfire response in California and other parts of the West putting stress on the available resources, organizations like the Red Cross need support.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The pace of the US economic recovery has been in question ever since the CARES Act stimulus ended. This has caused many economists to watch August’s leading economic indicators closely for any signs that the rate of growth may be slowing. The first data available is the Purchasing Managers Index (PMI) which shows mixed results. The indexes show continued growth in August but the pace of improvement slowed in many areas.

Also, Transportation data is often used as a leading economic indicator for manufacturing and retail sales data. Recently, transportation data has shown a strong recovery in freight volumes and the prices charged to transport goods from place to place. This may be an early sign that the US economy will continue to recover in the Fall as it heals from the economic damage from the Coronavirus.

And, Unemployment benefits were expanded for many beneficiaries as a part of the Coronavirus stimulus bill passed in March. In addition, some states have continued to pay increased benefits in response to an executive order signed after the increased CARES act benefits expired. Beneficiaries of these payments need to understand that they are taxable for federal tax purposes so they will be added to their taxable income and could result in tax owed on their 2020 federal tax return.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- After a lot of careful consideration and discussion with the staff at Rancho Murieta Country Club we have decided to move forward with a smaller, socially distanced golf tournament. There are limited spots available due to the reduced size of our tournament this year but there are still a few spots available. If you would like to sign up feel free to contact Katelin in our office.

The details for the Harlan D. Wood Memorial Cancer Charity Golf Tournament are: Date: Thursday, October 1st, 2020 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start All profits go to cancer research and education. You can help by attending the tournament or donating.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The stock market, as measured by large company US stocks, has made a full recovery. However, other areas of the stock market, such as small and mid-sized company stocks as well as foreign stocks have yet to make it back into positive territory for the year much less recover to the highs from February. This is likely at least partly due to the difference in the makeup of these stock indexes as well as their access to capital.

Also, US retail sales made a full recovery to pre-pandemic levels in July. This occurred despite a new peak in Coronavirus cases which occurred in late July. The increase in spending partially reflects a change in consumer spending patterns and is partially due to the expanded unemployment benefits which were paid through the end of July.

And, many people are asking if they can claim the home office tax deduction now that they are required to work from home due to the Coronavirus. The short answer is that the changes made in the 2017 Tax Act eliminated the ability for most people to claim deductions related to employee business expenses. Therefore, employees will not be able to deduct their home office expenses on their federal taxes. However, business owners and independent contracts may benefit from this deduction. It also may provide a state tax benefit in some states.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase has once again contributed to the Sacramento Business Review (SBR). The SBR is a collaboration between the Sacramento State University Business School and the Sacramento Society of Chartered Financial Analysts. The August 2020 version of the Sacramento Business Review can be accessed on the SBR website at https://www.sacbusinessreview.com/

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The national data appears to show two peaks in Coronavirus cases which differs from the pattern that scientist would expect during a pandemic. However, a closer look shows that the experiences of most states and localities are following the expected pattern as the virus appears to be migrating from location to location. This may mean that the typical economic and financial patterns observed during past event-driven recessions may still be the most likely scenario.

Also, The President recently signed an executive order extending the CARES Act student loan relief provisions until the end of 2020. This will allow student loan borrowers to defer payments without interest accruing on federal student loans. However, there is some question as to whether the President has the authority to extend provisions of the CARES Act through an executive order which could lead to judicial review of the order.

And, For many taxpayers. Qualified Charitable Distributions (QCDs) have become the cornerstone of their charitable giving strategy. However, since Required Minimum Distributions (RMDs) are suspended for 2020 some taxpayers may want to avoid taking distributions from their retirement accounts in an effort to allow the account values to recover from losses earlier in the year. In this case, it may be prudent to rethink the charitable giving strategy and possibly use other giving options.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- We are all adapting to this “new normal” as best we can. So far Planned Solutions has been able to continue to operate as we have in the past, except with everyone working from home with occasional visits to the office to collect the mail, scan in documents, and mail out letters and reports.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, Both the federal government and the Federal Reserve continue to add stimulus to support the US economy. The Fed has created multiple programs to support business and consumer borrowing while keeping interest rates low. Meanwhile, Congress is debating yet another stimulus bill that may include a second round of direct payments, expanded business loans, continued support for unemployed individuals, and tax cuts.

Also, The US labor market recovery is showing signs of stalling in July. The most important labor market indicator: new claims for unemployment insurance, increased in July for the first time since March. This may be a sign that the labor market is once again deteriorating as many states are forced to reinstitute economic restrictions due to the Coronavirus.

And, The IRS is experiencing extreme delays in processing income tax returns. This is especially true for paper filed returns. The IRS has asked that taxpayers not call to inquire about the status of their returns as that will take resources away from processing returns. The IRS has also directed taxpayers to not submit new returns as it could create processing errors. So, it seems the best strategy for taxpayers is to be patient and hope that the IRS is able to catch up with its backlog as soon as possible

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- It has been well documented that many people who contract the COVID-19 display no symptoms and therefore may not know that they are spreading the disease. This seems to be especially true for younger people as in many cases they are less affected by the disease. There have also been news stories about the delays in Coronavirus testing as the labs that process these tests have been unable to scale to meet the demand for testing. If you think you may have had the virus there is a way you can be tested for COVID-19 antibodies while helping others. In many areas, when you give blood your blood is tested for antibodies as a part of the process and you will be notified if you are tested positive. This will not only let you know if you have contracted the virus but also may allow you to give blood to help those with the virus. In addition, blood banks still need donors to help people with non-virus related ailments.

If you are still waiting for the IRS to process your tax return or respond to a request that you have sent them it may still be some time before the IRS is able to catch-up with their backlog. It appears the IRS is just now getting to tax returns and other correspondence that was sent to them in March. Therefore, it could still be months before they get to returns and notices that we submitted in April and later.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #inflation #deflation #bonds

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In this episode of the Planned Solutions Incorporated Podcast, The Institute of Supply Management (ISM) reported a strong rebound in manufacturing and non-manufacturing (services) sector activity in June. This is another in a long line of positive economic reports showing that the US economy rebounded quickly in May and June as many states lifted some economic restrictions.

Also, Car sales dropped sharply in the second quarter but showed strong signs of a recovery in the last weeks of the quarter. Dealers that were willing to offer discounts and attractive financing terms earlier in the month have shifted to a focus on profitability and more conventional financing making it more difficult for consumers to find a deal despite the continued economic challenges.

And, The CARES Act suspended Required Minimum Distributions (RMDs) for the 2020 tax year. However, some people had already taken their RMDs before the CARES Act was passed. The IRS recently issued guidance that anyone who took their RMD before June 23, 2020, may return to the money to their retirement account by August 31st to undo the distribution. This may allow some taxpayers to reduce their tax liability for 2020 by returning their RMDs and reducing their taxable income.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- It is that time of year again … charity golf tournament season. It is the time of year when we can get outside, enjoy the warm weather, have fun, and support worthwhile causes in a socially distanced environment. With that said we hope you will join us again this year in playing golf and raising money for cancer charities.

The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just a few months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: Thursday, October 1st, 2020 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start All profits go to cancer research and education. You can help by attending the tournament or donating.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, After briefly making a full recovery for the year in early June the stock market declined later in the month as volatility once again increased. This may be a sign that investors are reassessing the strength of the recovery or it may simply be a function of investors using a calendar-based rebalancing strategy. The rebalancing that likely supported the stock market in March may now be causing an increase in selling activity as investment managers seek to bring allocation back in-line with the target risk/return profile.

Also,The US housing sector is the latest industry to report a strong rebound in activity as many states loosen economic restrictions. Pending home sales increased a record 44.3% in May which followed a 16.6% increase in new home sales. While the housing sector is still down from May 2019 the sharp bounce-back is a positive sign that certain areas of the economy may recovery fairly quickly.

And, Many people are holding on to gift cards from before the pandemic or purchased gift cards recently to support their favorite businesses. However, the value of gift cards are often ignored should a business declare bankruptcy. Given the risk of a wave of bankruptcies in the coming months, it may be advisable to use those gift cards now just in case the business closes its doors or reorganizes in bankruptcy.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-As it turns out, 2020 has unexpectedly become a year of elevated volatility in the stock and bond markets. During these times it can be easy to become hyper-focused on short-term market fluctuations and the month to month changes in investment account balances.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, The stock market has baffled some stock market observers as the market has rallied despite a number of existential risks. However, the recent market recovery has followed the pattern from past event-driven recessions in which economic activity was negatively impacted but recovered fairly quickly. Many investors may be using these historical comparisons to guide their investment decisions. And, The US economy contracted sharply in the first quarter due to economic restrictions related to the Coronavirus. Not surprisingly the bulk of the decline came from a decrease in household spending on services and business investment in equipment. However, investment in residential structures increased. Government spending was flat as a large portion of the economic stimulus was not implemented until the send quarter.

Also,The potential future cost of long-term health care is a risk that can derail a financial plan. Therefore, it is important to have a plan to fund these expenses should the need arise. There are several ways that long-term care can be funded including the use of long-term care insurance. However, it is important that the plan reflect an individual’s financial goals and fit within their financial resources.

And, US retail sales increased 17.7% in May as the pent up demand helped the US economy recover from the Coronavirus shutdown. Physical stores reported the largest increase as many stores were able to reopen. Meanwhile, online sales increased 9% while grocery stores returned to trend growth rates of less than 2%. The surge in retail sales in May was a record increase but is still not enough to offset the decline in sales from February to April showing that there is still progress to be made to achieve a full recovery.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-The income tax deadline is fast approaching. The new deadline of July 15th is just a month away. Planned Solutions is still planning to hold our annual cancer charity golf tournament in the Fall. Scheduling issues with the golf course, as a result of many tournaments being rescheduled from the Spring to the Fall, has forced us to reschedule to Monday, October 1st. This is still a tentative date as we will continue to monitor local guidelines and restrictions to determine if the tournament should proceed or be cancelled for this year. More information will be provided as we get closer to the Fall.

Chase Armer's book- Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, With interest rates near record lows, many parents are wondering how they can help their adult children purchase a home to take advantage of low mortgage rates. This decision comes with a number of important considerations as there are several different ways that a deal can be structured each with their own pros and cons. Therefore, it is important to understand the tax, gifting, and lending rules that apply to determine the best structure before committing to a purchase.

And, The US economy contracted sharply in the first quarter due to economic restrictions related to the Coronavirus. Not surprisingly the bulk of the decline came from a decrease in household spending on services and business investment in equipment. However, investment in residential structures increased. Government spending was flat as a large portion of the economic stimulus was not implemented until the send quarter.

Also,Banks and other lenders have reported tightening credit standards as the US suffers the economic impact of the Corona-virus. This means banks are less willing to make mortgage and consumer loans which may make it more difficult for some borrowers to qualify for a loan. Meanwhile, household demand for mortgage loans has remained strong while demand for consumer loans has decreased sharply, led by a decrease in demand for auto loans.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Planned Solutions is learning how to keep up our continuing education and investment due diligence in this new social distancing environment. In other words, we are doing the same things that we have done in the past but finding a way to do them remotely. Recently, Chase decided to put these topics in writing. The project started as a series of white papers on various financial planning topics but morphed into a book. After years of work, Chase recently published Financial Planning Insights. This book contains a series of 50 short chapters each focusing on different financial planning topics that may help individuals make more informed financial decisions.

Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, Some economists are warning of deflation risk and urging policy makers to do more to offset the impact of the COVID-19 crisis. Others are warning of hyper-inflation risk and urging policy makers and investors to take action to offset this risk. How can these two diametrically opposed views both grab headlines at the same time? The key is the different time horizons that are being considered and the assumptions about the future that each risk involves.

And, With more people working from home, home network security is more important than ever. Fortunately, there are a number of steps that you can take to better protect your network and confidential data. These include installing hardware and software updates, making sure your antivirus software is current, and using strong passwords as well as multi-factor authentication where available.

Also,Some people have reported that they received a larger stimulus payment than they should have, including some who received checks for deceased individuals. These payments were issued in error and will need to be paid back although there is no current guidance as to how the money should be returned to the Treasury. So, for the time being it is best to hold on to the money but be prepared to pay it back as soon as the Treasury creates a system to receive the payments.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board-Planned Solutions’ office continues to be closed per the Sacramento County Public Health order issued on May 1st. The State of California has entered Phase 2 of its plan to reopen the economy which does allow offices to reopen as long as they adhere to certain requirements. However, the restrictions issued by Sacramento County do not allow us to return to our office at this time. The County order expires on May 22nd but may be extended or amended before then.

For the time being we will continue to work remotely with occasional visits to the office when practical. We will continue to conduct meetings over the phone or via Zoom.

As financial planners we have found that some topics or client questions come up quite often. These are topics that we have thought about often and have strong views as to how clients can better understand the issue, weigh their options, and make better informed decisions. Recently, Chase decided to put these topics in writing. The project started as a series of white papers on various financial planning topics but morphed into a book. After years of work, Chase recently published Financial Planning Insights. This book contains a series of 50 short chapters each focusing on different financial planning topics that may help individuals make more informed financial decisions.

Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, The economic and financial data for the months of April and May are likely to be very bad. However, this does not necessarily mean that stock prices will give back the gains since the March 23rd lows. The data is expected to be bad and therefore prices already reflect those negative expectations. Instead, the level of stock prices will likely depend on whether the data exceeds or falls short of investor’s expectations. And, Most people think of life insurance as a way to provide financially for dependents should household income be negatively affected by a death in the family. However, life insurance can be used to fund a variety of financial obligations that an individual may owe. This includes estate planning., business continuity, debt repayment, and more.

Also,The IRS has redesigned its website to allow taxpayers to inquire about the status of their stimulus payments. This comes after complaints that the previous version of the online tool was not helpful as it provided most taxpayers with the same message stating that their payment status was not available. The IRS says the updated online tool corrects for the previous issues and will give individuals more accurate information about the status of their stimulus payments. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- As financial planners we have found that some topics or client questions come up quite often. These are topics that we have thought about often and have strong views as to how clients can better understand the issue, weigh their options, and make better informed decisions. Recently, Chase decided to put these topics in writing. The project started as a series of white papers on various financial planning topics but morphed into a book. After years of work, Chase recently published Financial Planning Insights. This book contains a series of 50 short chapters each focusing on different financial planning topics that may help individuals make more informed financial decisions.

Financial Planning Insights is now available at:

https://store.bookbaby.com/book/financial-planning-insights

https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, The IRS has directly deposited approximately 80 million stimulus payments to taxpayers who provided their direct deposit information via their income tax returns. However, there is still an estimated 50 million people who qualify for a stimulus payment but have not yet received it. There are a number of reasons why these payments have been delayed leading to some misunderstandings and frustration. And, There are several economic relief options available to individuals who are negatively impacted by the Coronavirus. Some of these options are attractive from a financial standpoint. Others may need to be paid back with interest or come with negative tax implications. Therefore, it is important to weigh your options carefully to avoid unexpected future costs. Also,Excess distributions (those not used to fund qualified educational expenses) from 529 college savings accounts may be subject to income taxes and penalties on the investment gains. This may create a problem this year as some colleges and universities may issue partial refunds due to the shortened on-campus educational quarter or semester. In this case 529 plan owners may want to return distributions to their 529 plans to avoid taxes and penalties. Plus a look at the Planned Solutions Incorporated Office Bulletin Board-The majority of us at Planned Solutions continue to work from home. There is some limited staffing at the office to collect the mail, print and mail forms, and scan in documents for those that need access to them. We will continue to social distance until the State of California and Sacramento County lift the economic restrictions and allow us to return to the office full-time again.

In the meantime, we are available by phone, e-mail, and the Zoom video conferencing application. We will continue to contact clients to conduct our regular account review meetings and to discuss any other issues that need to be addressed. There is a bit of a backlog due to the business disruptions we experienced in March. However, if you would like to meet please feel free to be reach out to us to set up a meeting using whichever format is most convenient for you

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #estateplanning #bonds

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On this episode of the Planned Solutions Incorporated Podcast, The Coronavirus has caused an increased interest in life insurance and estate planning. Many people who have been putting off planning are now rushing to apply for additional life insurance and to set up an estate plan. This has caused a surge in life insurance applications and visits to websites that specialize in creating estate plans. While many of these people are unlikely to die from the Coronavirus this time spend planning is a smart move.

And, There are a number of strategies that investors can use to their benefit when the value of their investments accounts decline in value. The two most common are tax loss harvesting in which holdings are sold at a loss to create a tax deduction and then reinvested and Roth IRA conversions when account values are lower and therefore the tax due on the conversion is reduced.

Also,It is impossible to call a stock market bottom in the best of times. It is even more challenging now given the current uncertainty about the extent of the damage that the COVID-19 virus will do to the global economy. Therefore, investors should avoid focusing on identifying the bottom and instead focus on their time horizon (when they will need to sell stocks to fund their financial goals) and estimated stock values at that time, which is likely years in the future.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- In these uncertain times investors, along with everyone else, are constantly searching out good sources of information about the fight against Covid-19 and the longer-term impact it may have on the economy. Historically, the stock market is considered a forward-looking economic indicator as it has a pretty good track record for quickly pricing in economic and financial data. These days investors seems to be largely taking their cues from the data showing the rate of Coronavirus transmission. One great source of data is website that uses data reported by Johns Hopkins http://91-divoc.com/pages/covid-visualization/

The website breaks down the number of cases by country and by US state. The focus is on the transmission rate and the percentage increase in cases from the previous day. It can be helpful to compare countries that have been dealing with the virus for longer periods to the spread in the US. For example, as of April 6th Italy was on day 42 of the virus and the growth was 1.03x (cases increased 3% from the previous day). Meanwhile, the US was on day 32 and the growth was 1.09x (cases increased 9% from previous day). When Italy was on day 32 its growth rate was 1.08x. This is just one data point comparison but it does provide some hope that we can continue to flatten the curve and reduce the spread to low rates by day 40 as other countries have done. So far, the stock market seems to be responding positively to this data.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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Welcome to the fifth of our bonus episodes of the Planned Solutions Incorporated Podcast. Daryl Wong joined Planned Solutions in 2016. Daryl has over a decade of experience in the financial planning business including many years operating as an independent financial planner and tax preparer. Daryl holds the CERTIFIED FINANCIAL PLANNER™ and Enrolled Agent designations and CA Insurance License #0H16109. He is also a former instructor for the Personal Financial Planning Certificate Program offered through the UC Davis Extension Certificate Program. Daryl’s passions include spending time with family and friends, wine tasting, trying new restaurants, and staying active.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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Welcome to the forth of our bonus episodes of the Planned Solutions Incorporated Podcast. Shannon Druivenga joined Planned Solutions in 2000 and has spent a majority of his tenure building and nurturing the client services and culture of Planned Solutions. He is a graduate of CSUS and holds a Chartered Life Underwriter designation from the American College of Financial Services, and CA Insurance License #0F24746. He has extensive experience working as the firm’s Insurance expert helping individuals and families mitigate financial risks and plan for a secure financial future. When he is not coaching his kids’ sports teams, he enjoys relaxing and taking family vacations along the coast. He is also a huge Sacramento Kings fan.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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Welcome to the third of our bonus episodes of the Planned Solutions Incorporated Podcast. Candice Chavez joined Planned Solutions in 2016. She brings over seven years of experience playing an integral role in managing the relationships between the advisors and clients. Candice is your main point for client service and is responsible for coordinating the schedules for the team, preparing account forms and handling client correspondence. She is also responsible for coordinating Planned Solutions’ marketing events and activities. In her spare time she enjoys instructing fitness classes at the local gym and spending time with her husband and four children.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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Welcome to the second of our bonus episodes of the Planned Solutions Incorporated Podcast. Jason sat down to talk with Scott McIntyre. He joined Planned Solutions in 2009 with over 30 years of industry experience. Prior to joining Planned Solutions, Scott earned the title of Senior Vice President from various Investment Companies such as Principal Funds, WM Group of Funds, and Capital Research and Management. With his management experience at some of the largest fund companies in the nation, Scott applies his knowledge and expertise as a member of the Planned Solutions’ Investment Committee where he helps oversee the fund selections and portfolio allocations. Scott is a CERTIFIED FINANCIAL PLANNER™ Professional. Scott resides in Santa Fe, NM with his family where he spends much of his free time reading and collecting rare wines from around the world.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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Welcome to the first of our bonus episodes of the Planned Solutions Incorporated Podcast, Jason sites down with Katie Dunnam, Director of Operations and Chief Compliance Officer. She joined Planned Solutions in 2003 and has over 20 years of financial industry experience helping ensure financial advisors remain compliant and stay current with the always changing industry regulations. She attended the University of Colorado, Denver and is an Investment Advisor Certified Compliance Professional. Katie lives locally with her husband and son and enjoys attending the local food and arts events, reading and gardening.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, Despite the gridlock in Washington both houses of Congress have passed the SECURE Act and the President is expected to sign it into law. This new law will change a number of aspects of how Americans save for retirement and the taxation of some retirement accounts. This is a brief summary of some of the provisions of the bill which may impact retirement and tax planning strategies.

And, Recent disruptions in the overnight lending market for financial institutions has caused the Federal Reserve to step in to provide access to short-term loans. This has caused the money supply to increase sharply which is considered by many to be a stealth way of providing economic stimulus. However, an increase in the money supply can also put upward pressure on the inflation rate.

Also,One of the most significant changes under the SECURE Act is the elimination of the stretch IRA. This makes tax-deferred retirement accounts such as IRAs and 401ks a less attractive option for multi-generational wealth planning. However, it does increase the attractiveness of the Roth IRA in cases where the beneficiaries may be in a higher tax bracket than the IRA owner as the IRA owner may be able to pay the income taxes at their lower tax rate and leave the money to their beneficiary tax free.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions will soon be sending out our tax engagement letters and organizers in early January. If you have any questions about the engagement letter or tax organizer, please call or e-mail us. If you did not get a tax packet and would like Planned Solutions to prepare your 2019 income taxes, please let us know and we will get a packet out to you before filing season starts on February 1st. Chase is once again contributing to the Sacramento Business Review (SBR) January economic update event. The SBR is a collaboration between members of the Sacramento Chartered Financial Analysts (CFA) Society and the Sacramento State University School of Business. Financial Analysts and Sacramento State professors team up to tackle different aspects of the Sacramento region’s economy, including the labor market, real estate market, and small business sector among others. Chase is a member of the SBR labor market team which covers the Sacramento region’s job market. The updated publication will be available at www.sacbusinessreview.com. If you are interested in learning more about the Sacramento region’s economy, you may want to attend the SBR’s annual economic forecast scheduled for January 14, 2020 at Sacramento State University.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Incorporated Podcast, With 2019 almost over, this is a great time to reflect on what has been a good year in the financial markets and look forward to the opportunities that may be available in 2020. The one constant with the passing of time is change. Planned Solutions is constantly working on how we can change with the times to improve the services that we provide to our clients. We are excited and energized for 2020 as we continue to explore ways that we can get better.

And, Corporate stock buybacks have become a major theme of the current market cycle. However, it is unclear as to whether this is a strategy that is designed to increase long-term value for shareholders or to increase the short-term value for executives who want to cash out their stock-based compensation.

Also, Holiday spending in 2019 may be showing signs of following the pattern from 2018. Sales were strong in the weekend following Thanksgiving, as consumers flocked to take advantage of the bargains that were offered but have been more hesitant to spend on full-priced items. This pattern resulted in a weaker than expected holiday season in 2018 and so far 2019 seems to show similar results. In 2019, post-Thanksgiving sales were strong but were less robust before and after.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Planed Solutions’ podcast will be adding several special episodes in 2020. In addition to our normal bi-weekly podcast we will be posting episodes highlighting each of the Planned Solutions’ team members. The idea is to give our clients an opportunity to get to know us a little better and learn each person’s client service role at Planned Solutions. Planned Solutions would like your feedback. In 2020 we will be sending our clients a short survey after their first account review or tax meeting for the year. This survey will help us to gauge your overall satisfaction with our services as well as let us know where we can improve. In addition, we will use the survey results to plan future initiatives based on the areas of interest to you. Planned Solutions will be closed: Tuesday and Wednesday, December 24th and 25th for the Christmas Holiday Tuesday, December 31st after noon for New Years’ Eve Wednesday, January 1st for New Years’ Day To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss The estate administration process can feel like a daunting task. However, it can become more manageable if it is approached in an organized way and help is enlisted to handle some of the tasks so that too much work does not fall on one person. This article lays out a process that executors and trustees can use to determine their next steps and take action to finalize a decedent’s estate.

And, Identity thieves have begun using obituaries to find their victims as they believe their illegal activities may not be caught as quickly if the victim is deceased. Therefore, it is important to notify the credit agencies of an individual’s death as soon as possible in order to avoid the time and cost associated with clearing up fraudulent credit claims on a decedent’s credit report.

Also, After a family member dies there is often a long list of things that need to be done to settle their estate. Often one of the first challenges is dealing with Social Security. Generally, the funeral home will notify Social Security of an individual’s death. The Social Security Administration may then cancel checks or deduct direct deposits if paid after death. However, there may be Social Security benefits that survivors may be able to claim by contacting Social Security directly.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions want to wish you a happy holiday season and a wonderful New Year. With the holidays falling in the middle of the week this year Planned Solutions will be closed several days during the three weeks of the year. Planned Solutions will be closed:

Thursday, December 19th after noon for our company holiday party Tuesday and Wednesday, December 24th and 25th for the Christmas Holiday Tuesday, December 31st after noon for New Years’ Eve Wednesday, January 1st for New Years’ Day

Please note that any paperwork or forms that need to be processed before year end should be submitted by December 16th at the latest. Otherwise it may be challenging for Planned Solutions, as well as the service providers that we contract with, to process the forms before the end of the year.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Lower interest rates have sparked a sharp increase in housing prices in recent months. This is likely linked to the corresponding increase in new home permits as home builders respond to an increase in demand for housing. The new supply will be slow to make its way to the market creating a seller’s market for an affordably priced home. However, low interest rates have also led to a sharp increase in the number of cash-out refinances as homeowners are once again using low interest rates to access their home equity.

And, Medicare open enrollment is in full swing making this the time for Medicare beneficiaries to review their current coverage and decide if they want to make changes. This is also a time when the risk of Medicare fraud is an increased risk as many scammers will used open enrollment to fraudulently access the Medicare number or personal information of Medicare beneficiaries.

Also, The retirement plan contribution limits will increase in 2020 due to the automatic inflation adjustments that are included in the law. The amount that can be saved in 401k type accounts, which includes 401(k)s, 403(b)s, and 457 plans, will increase by $500 from $19,000 in 2019 to $19,500 in 2020. The catch-up provision available for workers over age 50 will also increase $500 from $6,000 to $6,500. So the maximum contribution for those under age 50 will increase $500 and will increase $1,000 for those age 50 and over.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- All of us at Planned Solutions wish you a happy and safe Thanksgiving. Once again Planned Solutions will be donating to the Rancho Cordova Food Locker to help those in need in our community. Planned Solutions’ office will be closed on Thanksgiving and the day after.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss how The US economy is estimated to have increased by 1.9% in the third quarter. This is lower than the previous two quarters but still in-line with the longer-term trend established since the end of the previous recession. Consumer spending continued to be an important source of growth while trade and business investment weighed on growth. Government spending, fueled largely by federal deficit spending, also helped to buoy economic growth.

And, The Federal Reserve Senior Loan Officer Survey reports that banks are largely tightening loan standards for commercial and consumer loans. This may be a sign that banks are becoming less willing to extend credit to support business investment and consumer spending. Yet, demand for consumer and mortgage loans continues to be strong as interest rates have declined.

Also,The Securities and Exchange Commission (SEC) has issued an alert to investors related to online offers for Certificates of Deposit (CDs). The SEC has seen a large number of websites making fraudulent offers designed to steal people’s savings or their personal information. These sites often come up when individuals search the web for high CDs rates but are not actually affiliated with a bank or financial firm.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Many people are aware of tax season which runs from early-February to mid-April during which tax returns are typically prepared and filed. At Planned Solutions we also have tax planning season which runs from mid-October through the end of the year. The processing of Required Minimum Distributions (RMDs) is in full swing. Every year our objective is to have all RMDs processed by the end of November to avoid scrambling at the last minute to get the paperwork processed and the distribution done before year-end.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The foundation of financial planning is the day-to-day cash flow decisions that determine the financial resources that can be committed to acheiving long-term goals. Too often the financial pressures of daily life can make it difficult to implement the good spending and saving habits that we need to fund long-term goals and manage the risks of financial downturns. Therefore, it is advisable to create a structure around cash flow management that may increase the likelihood of long-term financial success.

And, Earnings season is under way and already several large companies have reported earnings that beat Wall Street expectations. However, it is important to note that earnings expectations at the start of earnings season were quite low making it easier for companies to beat their earnings targets. So far this means earnings season is on track for slow growth rather than the decline in earnings that was expected before earnings season began.

Also, Social Security benefits are indexed for inflation so that each year Social Security benefits increase based on an inflation calculation. In 2020 the Cost-of-Living Adjustment (COLA) for Social Security benefits will be 1.6%, down from 2.8% in 2019 due to lower national inflation data. The Social Security wage base and the earnings limit for workers drawing Social Security benefits before they reach their full retirement age also increased for 2020.

Planned Solutions Office Bulletin Board - Chase, Daryl, and Joel attended a bowling fundraiser to support Junior Achievement. Junior Achievement is a charity that supports financial education in schools by creating and distributing lesson plans, finding volunteers to teach or mentor students as they go through the material, and promoting teacher education when it comes to financial topics. Chase and Daryl attended a Financial Planning Association (FPA) of Northern California presentation focused on how to better help clients with cash flow planning.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

finance #invest #investment #stocks #interestrate #bonds

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The S&P 500 second quarter earnings results are now complete and the start of the third quarter earnings season is around the corner. The second quarter results were disappointing coming in below the first quarter number and only 2.6% higher than the second quarter 2018 number. This has put increased emphasis on the third quarter earnings reports as investors attempt to determine if the weaker results are the start of a trend or a short-term anomaly.

And, When a mutual fund sells investments with a gain they are required to distribute the bulk of the gain to shareholders and the tax is paid at the individual level. These payments typically occur near the end of the year and can be a tax planning opportunity for individuals who hold mutual funds in non-retirement accounts.

Also, As we near the end of the year, this is a great time to check your retirement plan contributions to make sure that you will have contributed the maximum by year end. Listed are the maximum contributions limits for 2019. Many employer-sponsored retirement plans only allow employees to contribute compensation earned up to December 31st. Meanwhile, traditional and Roth IRAs allow contributions up until April 15th or when the tax return for the year is filed, whichever is sooner.

On October 1st Charles Schwab and Company announced that it would be eliminating its trading fees for many online stock and Exchange Traded Fund (ETF) trades starting on October 7th, 2019. This fee reduction will apply to Planned Solutions’ contract with Schwab greatly expanding the number of investments that we will be able to trade at no cost.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The Federal Reserve lowered interest rates for the second time this year in September. While this move was widely expected there seems to be some decent among Fed officials regarding the path forward. Meanwhile, Chairman Powell has signaled that the September cut is likely to the last in 2019 and possibly for some time. The opposing views may make it difficult for the Chairman to gain enough support for any additional moves unless additional data causes the committee members’ outlooks to change.

And, The Backdoor Roth IRA strategy has become popular among high income earners. Often the challenge to this strategy is finding a way to get rid of IRA assets so that the IRA can be used as a conduit to make Roth IRA conversions. One way to do this is a Reverse Rollover. This involves moving IRA assets into an employer sponsored retirement plan.

Also, The average cost of a health insurance family plan now exceeds $20,000 per year, a 5% increase from 2019. The high cost of health insurance makes it an important consideration when considering job offers and comparing compensation pack-ages in which health insurance may be covered, partially covered, or excluded. It also makes the cost of health insurance premiums an important consideration for anyone who desires to retire before age 65 when they become eligible for Medicare.

Several members of the Planned Solutions’ Team played in a number of charity golf tournaments this month. We are so appreciative of those who support our charity golf tournament, we try to do our part to support other worthy causes as well.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, US manufacturing activity declined in August. This is the first such decline in nearly three years. The largest decline was in new export orders, a sign that the trade war is having a negative impact on US manufacturers. Many foreign manufacturers are also feeling the heat as industrial production, global trade, and capital spending have slumped in many countries. However, the US services sector continues to report strong growth. The question is whether the services sector will be able to offset the weakness in the manufacturing sector.

And, The University of Michigan Index of Consumer Sentiment declined to its lowest level in nearly three years in August. Both the Current Economic Conditions Index and the Index of Consumer Expectations also declined sharply. This could be a sign that consumers are becoming more and more pessimistic about the future which may lead to weaker consumer spending.

Also, There has been a sharp increase in the number of trucking companies that have declared bankruptcy this year. The trade war has caused freight volumes to unexpectedly decline forcing some companies to miss debt payments. Dow Theory states that the performance of transportation companies may be a leading indicator of the health of the overall US economy. In this case, transportation companies appear to be signaling an economic slowdown. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The 17th annual “Harlan D. Wood Cancer Charity Golf Tournament” was, once again, a success. A big “Thank You” to those of who donated to the cancer charity of your choice, played golf, attended the BBQ, or bid on items at the silent auction. Due to your generosity, our running total for the amount raised since we started the golf tournament is now just shy of $127,000! We hope that our combined efforts can make a small difference in the fight against cancer. Chase contributed to the mid-year update of the Sacramento Business Review (SBR). The updated publication is available at www.sacbusinessreview.com.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Corporate America seems to be tightening the purse strings in response to economic and market uncertainties. The pace of capital investments and corporate stock buybacks have decreased sharply in 2019 as companies seek to conserve cash. In addition, corporate debt has increased sharply since 2008 forcing some companies to prioritize conserving cash and/or debt repayment over other uses.

And, There may be a member of your family that is left out of your estate plan: your pet. Many people may want to create a plan for their pets should they no longer be able to take care of them. This includes insuring that they have a good home and that the income needed to maintain the pet’s standard of living is provided. In this case, the pet should be included in an estate plan or arrangements should be made for the pet’s care.

Also, The ultra-short end of the US government yield curve has been inverted for some time with 3-month bonds offering higher yields than 10-year bonds. This has led to fears that a recession may be on the horizon. Recently, the 2-year bond also inverted versus the 10-year. This has increased recession concerns as it may be a sign that investors are becoming even more pessimistic about the pace of future economic growth.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Shannon and Candice attended a Schwab SOLUTIONS workshop in San Francisco. Schwab offers these one-day conferences to help advisors learn how to increase their operational efficiencies by better utilizing the technological tools and resources that Schwab offers. It is also an opportunity to meet some of the Schwab support staff that we interact with on a regular basis in person. This is a part of Planned Solutions’ efforts to make sure that we can process requests as quickly and accurately as possible. Planned Solutions’ office will be closed on Friday, September 6th for our annual cancer charity golf tournament. If you have an emergency, please leave a voicemail for Katie as she will be checking her voicemail throughout the day.

To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Household debt in the US is at an all-time high, more than $1 trillion more than the previous high in 2008. This has led to the first annual increase in bankruptcies in over eight years. Unlike the last recession these bankruptcies are more likely to be triggered by excessive consumer debt (student loans, auto loans, and credit card balances) rather than mortgage debt. Bankruptcies have also been more likely to impact retirees.

And, The SECURE Act, which recently passed the House of Representatives and has been sent to the Senate, includes changes to the rules related to inherited IRAs for non-spouse beneficiaries. Specifically, the new rules would require that non-spouse beneficiaries distribute 100% of the account balance within 10 years of the original owner’s death which could lead to major financial planning and tax implications.

Also, Most people understand that they should reduce their investment risk as they get closer to retirement or the point where they will start taking income from their accounts. This is also true when it comes to educational accounts. It is important to reduce the investment risk of educational accounts as the beneficiary gets closer to the age when they will need to fund higher educational expenses. If this is neglected educational accounts could experience a sharp decline in value right as the money is needed to fund educational goals.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The second quarter US economic growth rate appears to have struck a balance between the fears that growth is slowing too quickly and the fears that growth will be strong enough that the Federal Reserve will not cut interest rates later this month. Household and government spending were the bright spots in the report while investment spending and trade detracted from growth.

And, The concern about the underfunded status of many private and public pensions is mounting. Many multi-employer pension plans are reporting large shortfalls which is putting the entire national pension insurance system at risk. Absent some government support, pension recipients may see their pension benefits reduced substantially due to a lack of funds to support the payments.

Also,With interest rates moving lower there have been several articles in the news as well as advertisements encouraging homeowners to refinance their mortgages. While this may be a good strategy to reduce the long-term cost of a mortgage loan it is important that homeowners factor in the cost of refinancing when attempting to determine the pros and cons of replacing their existing mortgage.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions had an in-service day in which we took some time out from daily tasks to focus on long-term business planning. Chase attended a presentation at the Financial Planning Association of Northern California monthly meeting. The presentation focused on ways to communicate more effectively with people from different cultures. The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The SECURE Act has passed the House of Representatives and is expected to be taken up by the Senate. The bill would make a number of changes to person finance laws and regulations which may have an impact on financial planning now and in the future.

And, Earthquake insurance is not covered by traditional homeowner’s insurance policies. Instead, protection against earthquake damage requires a separate policy that comes with a number of limits and details that differ from those of traditional policies. These factors can make earthquake insurance quite expensive but my be the only financial recourse an individual may have if their property is damaged by an earthquake.

Also,Under the IRS gift tax regime every individual can gift up to $11.4 million (2019 limit) during their lifetime without paying gift tax. However, gifts in excess of $15,000 per year to any one individual still requires that the person giving the gift file a gift tax return, even if no tax will be due. However, there are some exceptions which with careful planning may allow an individual to make gifts in excess of the limit while still avoiding the administrative time and cost of filing a gift tax return.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The 2017 Tax Act gave the US stock market a boost as corporate taxes were reduced and after-tax earnings increased. Today the Tax Act continues to support stock prices in the form of corporate stock buybacks as corporations have been able to access money that was stashed overseas to return it to shareholders. The pace of these buybacks will be more and more important in the future as they have become an important source of demand for stocks.

And, Margin debt, the amount of money investors borrowed using their investments as collateral, has declined sharply since 2018 and has been flat in 2019 despite the stock market recovery. This may be a sign that investor’s confidence that the current market cycle will continue is declining adding yet another factor that should be monitored closely for signs that the stock rally may run out of steam.

Also,Interest rates, and thus Mortgage rates, are once again at ultra-low levels when compared to long-term historical norms. In some cases, mortgage rates are once again below 4%. These low rates make this a good time for homeowners to review their mortgage rates and determine if they will benefit from refinancing to lower their rates. Lower mortgage rates are even more attractive for many people given that a large number of taxpayers are no longer benefiting from the mortgage interest tax deduction.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase has been the President of the Rancho Cordova Rotary Charitable Foundation for the past four years. The Foundation provides scholarships to high school students, grants to local organizations seeking to fund community projects, and in-kind donations to the local food locker. Recently, the Foundation announced that it will be funding five grants this year as a part of its Home Town Hero Grant totaling more than $11,000 in total.

The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, how the trade war has become an interest rate war. Many countries have responded to US tariffs by decreasing interest rates in order to reduce the value of their currency. A lower currency value makes their exports less expensive which can help to offset the cost of the tariffs. Meanwhile, trade deficits and surpluses tend to persist. This is the reason trade wars escalate and can last many years as one country acts and their trading partners respond accordingly.

And, Charitable contributions dipped by 1.7% in 2018. Some speculated that the changes in the tax law would cause charitable giving to drop sharply as many taxpayers would no longer receive a tax benefit for making charitable contributions. However, the decline is fairly small, especially given that global stock markets declined in 2018 which historically has been correlated with a decline in charitable giving.

Also,A survey of professional stock fund managers shows that they are the most pessimistic that they have been since the financial crisis. Approximately one-third of fund managers are underweight equities and the average cash holding has increased to 5.6% in actively managed stock funds. This may be an early sign that the fear of an escalating trade war or the risk of a recession on the horizon is causing investors to pull back on their stock holdings.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase has been the President of the Rancho Cordova Rotary Charitable Foundation for the past four years. The Foundation provides scholarships to high school students, grants to local organizations seeking to fund community projects, and in-kind donations to the local food locker. Recently, the Foundation announced that it will be funding five grants this year as a part of its Home Town Hero Grant totaling more than $11,000 in total.

The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The stocks and bonds markets have turned decidedly negative in the past few weeks. Stocks have failed to push to new highs while the bond market yield curve is currently inverted: A signal of slower future economic growth. However, the economic data continues to predict that the US economy will remain on good footing signaling growth of between 2% and 3%.

And, Preventing senior financial abuse has become an important topic in the financial industry. However, the potential for abuse goes well beyond the financial world making it important that anyone who cares for or interacts with seniors is knowledgeable about the warning signs and resources that are available to help seniors who may have become a target or a victim.

Also,Medicare Part B and Part D are subject to means testing. This means that higher income households typically pay more in monthly Medicare premiums than lower income households. However, in some cases an individual may have a life-changing event that will cause their income to decline. In these cases, they can submit Social Security Form 44 to request a reassessment of their Medicare premiums to have them reduced to the amount that corresponds with their ongoing income level.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl attended the Financial Planning Association Northern California Conference held in San Francisco. The conference is one of the largest financial planning educational events in the country with thousands of financial planners in attendance and many educational breakout classes to choose from.

The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

financial #invest #finance #investment

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Budget cuts at the Internal Revenue Services (IRS) having a negative impact on many of the agency’s core functions. Among these is a sharp decline in the percentage of individual tax returns that are audited each year which may result in reduced tax collection for the nation. However, other areas, such as customer service and agents dedicated to resolving IRS notices and correspondence, have also been negatively impacted.

And, There is often some confusion about how Required Minimum Distributions (RMDs) from tax-deferred retirement accounts are calculated and when they must be taken. One area of confusion in particular is the date on which the first RMD must be taken: The Required Beginning Date (RBD). In this episode we explain how the RBD is calculated.

Also,Telephone scammers have once again switched tactics. Now, instead of impersonating the IRS, many callers are impersonating the Social Security Administ-ration. These callers claim that the recipient’s Social Security Number has been suspended and they need to pay a fee to correct the error. They promise the fee will be refunded after the mix-up is corrected but instead pocket the money. It is important for individuals to be aware of this scam and hang up on anyone who called claiming to be a representative of the Social Security Administration.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Joel’s Book Report: The Checklist Manifesto by Atul Gawande This book was recommended from a financial blogger who keeps a running list of recommended books to read. The author is a doctor who worked with a surgical team to develop a checklist for the World Health Organization. Their goal was to drastically reduce complication rates by using checklists – the catch being it needed to be detailed enough to be used worldwide (language and economic barriers) while being simple enough to be effective.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

financial #invest #finance #investment

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The Federal Reserve. They've held the target for its key interest rate steady in May citing balanced economic risks which included an expected resolution to the US-China trade war. The President responded by threatening to increase tariffs on China causing the trade talks to break down. Is the President pushing for a better deal with China or increasing economic uncertainty in an effort to coax the Fed into lowering interest rates?

And, The potential cost of long-term care can be a major risk for many retirees. Some address this risk by creating a plan to fund long-term care expenses from their retirement income or assets while others choose to purchase insurance to reduce their risk. The decision of whether to buy insurance is specific to an individual’s financial situation and should be discussed with a qualified professional.

Also,Before sending your children off to college you may want to create the legal documents that will allow a parent to act on the child’s behalf. Once a child reaches age 18 they are an adult according to the law. Therefore, a parent’s ability to help manage their child’s financial and heath care matters may be diminished. However, this risk may be mitigated by creating a financial and health care power of attorney that will give the parent the legal authority to act on their child’s behalf in case of an emergency.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Creating or updating an estate plan can be an easy thing to put off. An estate plan is usually not something that is needed until someone passes away or becomes incapacitated, but it can be a very important part of the efficient management and dispositions of an individual’s financial resources in the future. Unfortunately, no one knows when they may die or become incapacitated so waiting too long to address this financial risk can prove costly.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

financial #invest #finance #investment

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Oil prices increased sharply in 2019 largely due to supply constraints that hit the market. However, oil prices are now approaching the level where higher cost producers, such as many oil producers in the US, are likely to restart production or increase supply. This may help oil prices find an equilibrium in the $50-$70 range. In the meantime there are a number of steps that consumers can take to limit the impact that higher gasoline prices have on their budgets.

And, Beneficiary designations are a common feature of many different types of accounts. However, many people often overlook the importance that beneficiary designations play in a properly crafted estate plan or they fail to update their beneficiary designations after a major life event. Therefore, it is good policy to review beneficiary designations on a regular basis to ensure that they still reflect your wishes.

Also,A recent report by the trustees of the Social Security system highlights the program’s un-sustainability under its current rules. The Social Security program is expected to run a deficit (benefits exceed income from Social Security taxes) for the first time since the 1980s in 2020. The program will then dip into its nearly $3 trillion in reserves which will extend benefits until 2035. If no action is taken in the next 16 years the program will be insolvent in 2035. What do you need to know?

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Spring is high school graduation season for some. This means Spring is also college funding planning season for many parents. We discuss key factors you need to think about in your college fund planning.

To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.

Planned Solutions, Inc.

ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111

E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191

WEB SITE: www.PlannedSolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Property and casualty insurance (home, auto, and liability insurance) is often an afterthought until there is a claim. Then the coverage limits become very important as it may determine whether the policyholder(s) will incur large out of pocket expenses or can rely on their insurance to cover the loss. Therefore, it is important to review insurance coverage and limits every few years to make sure they are sufficient. What Do you need to know?

And, The International Monetary Fund (IMF) recently updated its global economic growth forecast by reducing its estimated growth rate to 3.3% for 2019. The IMF cites a number of economic factors including trade, business confidence, and government policies as heightened risks to economic growth going forward. What does this mean for the economy?

Also,There is speculation that the US and China are nearing a trade agreement that will at least create a ceasefire in the trade war. The belief is that both sides will make some concessions and agree to stop the tit for tat escalation. However, the US has now turned its focus to the European Union with threats of a fresh round of tariffs on European goods. The EU has responded with plans to retaliate against US goods. So it appears the trade war focus may just be shifting.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- It is important to remember that a request for an extension to file individual tax returns is not an extension of time to pay any tax due. What do you need to understand about filing a tax extension? And, All of us at Planned Solutions want to thank our clients for the many referrals that we have received so far this year. Planned Solutions spends very little on marketing so we rely on word-of-mouth referrals to continue to grow. Therefore, we are very thankful when our clients think highly enough of us to pass along our information to their friends, family, co-workers, ect

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Long-term interest rates recently declined to the point where they are now lower than short-term interest rates. This is called an inverted yield curve as it differs from the normal state of the curve in which long-term interest rates are higher than short-term rates. An inverted yield curve is often used as a recession indicator as historically a recession has occurred six to twelve months after the yield curve inverts. What impact can this have on the economy?

And, The IRS released its 2019 list of the “Dirty Dozen” tax scams that are most common. This year the list focuses on taxpayers who falsely claim deductions for medical expenses, charitable contributions, and business expenses that cannot be substantiated. The Earned Income Tax Credit also continues to be a problem. The IRS reiterates the penalties that taxpayers may face should they file false tax returns. What do you need to know?

Also,There has been a lot of press about change in the tax withholding tables in February 2018 causing many taxpayers’ tax withholding to decrease so that they received smaller refunds or owe tax. Taxpayers who found themselves in this situation should take action now to adjust their withholding's in order to avoid a repeat of the same outcome next year. This is especially important because the IRS may be more aggressive in enforcing tax underpayment penalties for the 2019 tax year.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS has issued a warning to taxpayers regarding identity theft and tax scams. What do you need to look out for?

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The fourth quarter US economic data and shed some light on the areas of strength and weakness in the US economy. US households continued to spend in the fourth quarter but at a slower pace than the second and third quarter. Business investment was strong but the trade deficit detracted from growth once again and government spending has slowed as the fiscal stimulus passed in late 2017 and early 2018 has run its course.. What impact can this have on the economy?

And, The US goods trade deficit increased by 12% in 2018 despite the tariffs placed on a variety of foreign produced goods. In general, the tariffs and other trade barriers that were imposed by the US caused the global economic growth rate to slow leading to reduced demand for US goods. Meanwhile, US economic growth has proved more resilient with US consumers continuing to purchase foreign made goods. What do you need to know?

Also,There is a misconception that home mortgage interest is no longer deductible or is capped. In fact home mortgage interest is still deductible with no cap on the amount of interest paid. However, the limit on the home equity indebtedness that qualifies for a mortgage interest deduction was reduced for mortgages originated after 12/15/17. In addition, interest paid on home equity debt in which the money borrowed was not used to buy, build, or improve the home is no longer tax deductible.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- We are often asked how long an individual should keep their income tax records. We tell you what you need to know.

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Economic data shows that consumer spending weakened late in 2018. This coincides with data showing that consumer sentiment has declined in recent months and household debt has leveled off as consumers may have been focused more on savings or paying down debt rather than making new purchases. What impact can this have on the economy?

And, A recent report by the Commerce Department shows that U.S. retail sales declined unexpectedly in December. The official data shows that retail sales declined 1.2% for the month, the worst report since 2009. In addition, the report showed a decline in nearly every major retail category possibly signaling that U.S. consumers are tightening the purse strings going into 2019.. What do you need to know?

Also,Occasionally taxpayers may have more deductions than they do income in a given year, resulting in negative taxable income reported on their tax return. This can create an opportunity where the taxpayer could pull additional income into the tax year to use the excess deductions to shelter the income from taxation. Therefore, it can be beneficial to engage in tax planning before the end of the tax year in order to take full advantage of all tax deductions. What do you need to know?

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Daryl attended a monthly meeting for the Financial Planning Association of Northern California. What did the program include? And, Despite previous concerns about the IRS issuing delayed refund checks due to the government shutdown it appears that early refund checks are being issued within a few weeks.

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, This time of year millions of Americans prepare their income taxes, sign the e-file forms, and then transmit their financial information to the IRS. Where does the information go? What does the IRS do with it? How does this impact the chances of an audit or notice being generated by the IRS? These are all questions that few people think about but they represent the real inner workings of our tax system.

And, The global economy is more interlinked than ever. Following decades of globalization supply chains now stretch across the globe so that the trade deficits and surpluses around the world link trading partners with each other. The mechanism by which trade activity influences economic growth takes time to become apparent in the economic data but the impact can be quite large due to the second-order spillover effects that may occur. What do you need to know?

Also,The Tax Cuts and Jobs Act of 2017 expanded the definition of “qualified higher education expenses.” In the past this definition required enrollment in a qualified post-secondary educational program that qualifies for federal financial aid. The new law expands the definition to include $10,000 in annual expenses for tuition in connection with enrollment in elementary or secondary school..

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- January and early February seems to be time of year when many organizations host their economic update events. Chase participated in two presentations and recently attended a third. While three economic updates in less than 30 days may seem like overkill it was useful to compare and contrast the economic outlook from different organizations which emphasized different sources of economic data. However, all of the presentations seem to have similar themes: The rate of economic growth is slowing but it may not slow enough to result in a recession in the near term. Shannon, Candice, and Michele attended a conference in San Francisco hosted by Black Diamond, the software that we use to generate account reports, manage client data, and exchange information with clients through the secure portal. The conference was focused on the more advanced features that Black Diamond’s software offers which may allow us to work more efficiently by gaining faster and easier access to data.

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The fourth quarter 2018 earnings season is expected to reflect strong year-over-year earnings growth as the corporate tax cuts spark an increase in corporate earnings. However, the expectations for the rate of earnings growth have been declining through most of 2018 and into 2019 as analysts digest weaker than expected earnings reports and negative earnings guidance from many companies. This has increased the uncertainty about the rate of earnings growth in 2019.

And, Due to the increase in the Standard Deduction many taxpayers will no longer itemize their deductions in 2018 for federal tax purposes. However, many states did not conform to the federal changes so their Standard Deduction amounts remain much lower. Therefore, many taxpayers may still benefit from gathering their Itemized Deductions in order to claim the deduction on their state income tax returns.. What do you need to know?

Also,The tax cuts and changes to the tax withholding tables that took effect in 2018 has some worried that many taxpayers will owe more than expected when they file their income taxes this year. To ease the tension the IRS announced that it will lower the threshold for tax underpayment penalties for 2018. Now, as long as a taxpayer has paid in at least 85% of their total tax liability the underpayment penalty should be waived. Historically, the threshold was 90% of the total tax for the year.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- A few things to be aware of as tax time nears it is important to remember that tax forms may be mailed on different schedules depending on the type of account and the information the tax forms report. In addition, if an account was transferred during the year there will likely be multiple tax documents for the account as each custodian will issue their own form to report the income for the period in which they held the account.

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, a clear theme has already emerged as the key risk that threatens to define the year when it comes to the economic data and the markets: Political risk in the US and abroad.

And, Due to the current government shutdown the IRS has announced that there may be delays in processing income tax refunds. Therefore, to be safe, taxpayers should expect their refunds to come later this year. While there may be delays in processing income tax refunds the IRS will continue to process tax payments and estimated tax payments without delay. What do you need to know?

Also,The government shutdown is impacting a large number of economic data reports. Under the current shutdown the Bureau of Economic Analysis, the government agency tasked with tracking US economics growth as well as a number of other key statistics, will not be reported. Fortunately, some of the other agencies that provide key economic data, such as the Bureau of Labor Statistics, remain open and will continue to report data during the shutdown.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase gave a presentation to the Financial Planning Association of Northern California on the current state of the global economy. The presentation focused on the conflicting economic data that has been reported recently increasing the fears of a recession in late 2019 or early 2020. And Daryl and Joel attended a two day annual tax update seminar in preparation for the upcoming tax season.

To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss,Consumer spending represents approximately twothirds of US economic output. Therefore, economists track consumer activity and sentiment indicators closely when creating economic forecasts. However,in the fourth quarter the consumer data may be sending mixed signals. What are the various indicators and why do they cause mixed signals?

And, The trade war between the US and China has drawn on for six months with little progress toward a resolution. The US placed tariffs on a variety of Chinese goods in June. China responded in-kind by increasing tariffs on US exports, including a broad list of agricultural goods that US farmers ship to China. Both countries have taken action to support their industries that are most negatively impacted by the trade war. What are the two key indicators that can track the trade war?

Also,It has been a while since we have written anything about digital currencies. Our last article was on November 22, 2017 in which we argued that Bitcoin is a highly speculative investment and was showing many of the signs of a bubble. At that time a single Bitcoin was selling for $8,234. Following our article the price of Bitcoin continued to rise, but did the bubble burst as was speculated?

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Planned Solutions will soon be sending out our tax engagement letters and organizers in early January. Returning tax preparation clients should have received an e-mail giving the option to receive the tax information in an electronic format. Clients who opt in will need to establish a client portal through Black Diamond if they have not already done so. The portal will allow clients to access their tax documents and share tax information Planned Solutions in a secure way. If you would like to receive your tax information in a digital format but did not receive the opt in e-mail you can e-mail Katie at Katie@PlannedSolutions.com. Returning tax clients who do not opt in for digital delivery should receive their tax packet in the mail by mid-January. If you have any question about the engagement letter or tax organizer, please call or e-mail us. If you did not get a tax packet and would like Planned Solutions to prepare your 2018 income taxes, please let us know and we will get a packet out to you before filing season starts on February 1st.

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On this episode of the Planned Solutions Financial Review Podcast we discuss, how Market sentiment appeared to have shifted abruptly in 2018. For the first part of the year Wall Street seemed quite optimistic following the corporate tax cuts in late 2018 which translated into strong earnings reports and solid economic growth. Yet in the second half of the year investor attitudes appear to have changed as the focus has shifted to potential risks on the horizon rather than hard data. There are a number of risks that seem to be influencing investor behavior recently, we highlight these influences.

And, Interest rates have made headlines this year as the Federal Reserve continued to push short-term rates higher. Longer-term interest rates also increased although by less than short-term rates and the yield curve (graphical depiction of the interest rates on loans of different terms) flattened. This has created some concern that the credit cycle may come to an end as borrowers slow their pace of borrowing in response to higher interest rates or lenders increase lending standards due to concerns about future defaults. We discuss facts you should know about the Credit Cycle.

Also,Taxpayers have just a few weeks left to make their charitable contributions for the 2018 tax year. In order to qualify for the tax deduction, the deduction must be made by the end of the year and must be made to a qualified organization. Special records must be kept as well depending on the type and amount of the contribution. We discuss facts that you should know about your charitable donations.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase is preparing for two different economic update presentations he has been asked to give. If you have yet to subscribe to the Personal Financial Review, the written form of all content we discuss email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, The stock market and how it has become increasingly focused on Federal Reserve policy and the future path for interest rates. So much so that the comments from various Federal Reserve Open Market Committee (the committee tasked with setting short-term interest rate targets) members have caused the stock markets to swing wildly in recent weeks. What are the implications? And, One of Warren Buffett’s many notable quotes seems particularly timely at the moment. Buffet once said: “The less prudence with which others conduct their affairs, the more prudence with which we should conduct our own affairs.” The idea is that we are all participants in the same economy. Therefore, the actions of others are likely to have an impact on our financial prospects even if we act more prudently. Also,Tax Loss Harvesting is a strategy that involves selling certain investment positions (stocks, bonds, mutual funds, ETFs, etc.) at a tax loss to offset realized capital gains or other taxable income up to the $3,000 limit.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- With the holidays quickly approaching, we want to make sure you are aware of our holiday schedule for this year. December 24th Closed December 25th Closed January 1st Closed Given the above holiday schedule, as well as the holiday schedule of many of the companies that we work with, we ask that any forms or other requests that must be completed before year-end be submitted as soon as possible. If any paperwork or requests come in close to the end of the year, we will make our best efforts to process the forms or fulfill the request but cannot guarantee that it will be completed in time due to factors beyond our control. If you have yet to subscribe to the Personal Financial Review, email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Cyclical Industries Showing Signs of Weakness The home construction industry has been reeling recently as a combination of factors has caused builders to become more cautious. The US federal government ran a deficit of over $100 billion in the month of October. This is a 59% increase from October 2017 and puts the deficit on pace total $1 trillion for the year. Also,The IRS recently announced an increase in retirement plan contribution limits for 2019. These limits are tied to the rate of inflation and typically have a minimum adjustment amount of $500.

Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Planned Solutions Team once again volunteered at our local food locker for the big Thanksgiving rush. If you have yet to subscribe to the Personal Financial Review, email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Defensive Industries Outperforming in a Turbulent October verses the broad market. Business Deductions for Meals and Entertainment- What you need to know when it comes to the Tax Cut and Jobs act, and how it has changed allowed deductions. Plus a look at Year-End Tax Planning. We focus on Retirement Plans , deadlines and contribution amounts. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The holiday schedule. Planned Solutions will be closed November 22nd and 23rd, as well as December 24th, 25th and January 1st. If you have yet to subscribe to the Personal Financial Review, email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Cash Management- In the past cash management was a big part of financial planning. The goal was to allocate cash holdings, whether it be money set aside for future expenses, an emergency fund, money to which a goal has not yet been assigned, to an account that would pay an attractive yield without incurring high transaction fees, lockup periods that are incompatible with the goals and objectives, or an unacceptable fluctuation in value. The US Government Deficit- The US Treasury Department announced that the federal government deficit increased to $779 billion for the fiscal year ending September 30, 2018. The overall budget deficit was $113 billion greater, a 17% increase, from the previous year, making it the largest budget deficit since 2012. Plus, Social Security Changes for 2019- The Social Security Administration recently announced the 2019 Cost-of-Living Adjustment(COLA). Starting January 2019 Social Security beneficiaries will receive a 2.8% increase in benefits, which is 0.8% higher than the 2018 increase of 2.0%. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Tax planning is key, At Planned Solutions we also have tax planning season which runs from mid-October through the end of the year. Also,The processing of Required Minimum Distributions (RMDs) is in full swing, what do you need to know? If you have yet to subscribe to the Personal Financial Review, email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Longer-term US interest rates may have finally given in to the upward pressure from short-term interest rates. This month the benchmark 10-year Treasury bond yield moved through its long-term trading range to levels that have not been seen since 2011. The amount of student loan debt outstanding increased substantially following the Great Recession. Student loan debt now represents over $1.5 trillion and continues to increase, partly because borrowers are not aware of their options or make common mistakes. Also, IRA owners are required to begin taking Required Minimum Distributions by April 1st the year after they turn 70½ at the latest. The RMD is calculated using the IRA balance as of the end of the prior year and an age factor that is published by the IRS. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- At Planned Solutions we are constantly working to keep up with industry trends and find new and valuable ways to improve our clients’ financial lives. We recently decided to add a new team member to help us move forward with several long-term initiatives that we believe will help us continue to maintain and improve the value that we provide to our clients. If you have yet to subscribe to the Personal Financial Review, email Katie@plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss, Which way will interest rates trend from here? A recent survey of investment managers by Bank of America Merrill Lynch shows that investment managers are becoming more pessimistic. Also, Revocable Living Trusts provide the grantor(s) of the trust (the individuals who create the trust and provide the assets that fund the trust) the flexibility to make changes throughout their life time. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- A review of The 16th annual “Harlan D. Wood Cancer Charity Golf Tournament and Several members of the Planned Solutions Team attended the Sacramento Area Habitat for Humanity Hard Hats and High Heels Gala.

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On this episode of the Planned Solutions Financial Review Podcast we discuss Tax Reform, Round 2. Listen for details on the House Ways and Means committees second tax bill. Insight into Investment Fees and Expenses and how the play a major role in the performance of an investment portfolio. Trust Funding-A Revocable Living Trust as a part of estate planning and the transfer of property. Consumer Confidence and at a cyclical high, but what does it really mean to the economy? Plus a look at the Planned Solutions Incorporated Office Bulletin Board- Chase contributed to the mid-year update of the Sacramento Business Review (SBR).

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On this episode of the Planned Solutions Financial Review Podcast we discuss the US Stock Bull Market Now the Longest in Recorded History. Short-term Interest Rates Increasing and what it could mean to you. A look at the Medicare Premiums Means Testing. Also, the Trade War Fears Wane. Plus a look at the Planned Solutions Incorporated Office Bulletin Board.

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On this episode of the Planned Solutions Financial Review Podcast we discuss Currency Fluctuations leading to Financial Market Volatility. Roth Conversions under the Tax Cuts and Jobs Act and what it mean for individuals. Also, an important question. Pay Off Student Loans or Invest? What's your best option? Plus, its not too late to register for our 16th Annual Cancer Charity Golf Tournament & BBQ!

NEW LOCATION FOR THE TOURNAMENT THIS YEAR!

Date: Friday, September 7, 2018

Time: 9:00am shot gun tee time

Location: Rancho Murieta Country Club - North Course

7000 Alameda Drive

Rancho Murieta, CA 95683.

Fees: $120 per golfer – all-inclusive w/ BBQ ($25 goes to cancer charity)

$25 per non-golfer - BBQ only ($5 goes to cancer charity)

Format: Scramble

RSVP by: August 17, 2018 Not a golfer? Join us for the BBQ for $25 per person. The BBQ will begin around 1:30pm. The food is really wonderful and a good time is to be had by all!

If you can’t join us in person but would like to participate please make a donation to your favorite cancer charity. Donations can be sent to us, mailed directly to the charity, or made via the charity’s website. Please make the donation check payable to the charity. If you choose to mail your donation directly or make your donation through the charity’s website, please return the RSVP form to us listing the amount of the donation so that we can track the totals.

We look forward to seeing you!

Planned Solutions, Inc. · A Registered Investment Advisory Firm

1130 Iron Point Road, Ste 170, Folsom, CA 95630 · Phone: 916-361-0100, 800-750-2111

www.plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss the Trade War and how it May Be Distorting Economic Growth Data. Copper Prices a gauge of the health of the global economy. Also,a Look at How to Report 529 Plan distributions, and important facts you need to know. Plus we take a look at the PSI Office Bulletin with information on It’s not too late to register for our 16th Annual Charity Golf Tournament & BBQ!

NEW LOCATION FOR THE TOURNAMENT THIS YEAR!

Date: Friday, September 7, 2018

Time: 9:00am shot gun tee time

Location: Rancho Murieta Country Club - North Course

7000 Alameda Drive

Rancho Murieta, CA 95683.

Fees: $120 per golfer – all-inclusive w/ BBQ ($25 goes to cancer charity)

$25 per non-golfer - BBQ only ($5 goes to cancer charity)

Format: Scramble

RSVP by: August 17, 2018 Not a golfer? Join us for the BBQ for $25 per person. The BBQ will begin around 1:30pm. The food is really wonderful and a good time is to be had by all!

If you can’t join us in person but would like to participate please make a donation to your favorite cancer charity. Donations can be sent to us, mailed directly to the charity, or made via the charity’s website. Please make the donation check payable to the charity. If you choose to mail your donation directly or make your donation through the charity’s website, please return the RSVP form to us listing the amount of the donation so that we can track the totals.

We look forward to seeing you!

Planned Solutions, Inc. · A Registered Investment Advisory Firm

1130 Iron Point Road, Ste 170, Folsom, CA 95630 · Phone: 916-361-0100, 800-750-2111

www.plannedsolutions.com

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On this episode of the Planned Solutions Financial Review Podcast we discuss the Yield Curve: a valid Indicator or Relic ? What you need to know about the Unemployment Rate and the Opioid Crisis. Also,a Look at the Kiddie Tax and changes that may change your investment strategies? Plus we take a look at the PSI Office Bulletin.

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On this episode of the Planned Solutions Financial Review Podcast we discuss US Inflation Heating Up and what it means to you. What you need t know about your Vacation Homes and Taxes. Also,a Look at Pre-Paid Legal Plans and Estate Planning, does your employer offer these benefits? Plus we take a look at the PSI Office Bulletin Board-The Longboard Funds recently sent out a proxy.

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On this episode of the Planned Solutions Financial Review Podcast we discuss US Policies Lack Coordination and what it means to you. Why New Medicare Cards are Being Issued. Also,a Look at why Home Equity Loans are Getting More Expensive. Plus we take a look at the PSI Office Bulletin Board and the upcoming Harlan D. Wood Memorial Cancer Charity Golf Tournament.

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On this episode of the Planned Solutions Financial Review Podcast we discuss Keeping Up With The Jones and what it means to you, a focus on Benefits of Selling Children's Assets in Low Tax Years. Also,a Look at the May Jobs Report. Plus we take a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Financial Review Podcast we discuss the Debt Cycle, a focus on Household Debt. Also, Gifting Ideas for Graduation, we talk the ins and outs. Tax Planning: A Focus in Income Rather than Deductions. Plus we take a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Financial Review Podcast we discuss 'Is this as Good as it Gets?' . Also, Consumer Credit Trends Reverse and Tax Reform Impacts on Roth Conversions . Plus we take a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Financial Review Podcast we talk the decision on being Independent vs. Dual-Registered . Also, Why Schwab? and Commissions vs. Fees . Plus we take a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Financial Review Podcast we take a look at the Housing Market Out of Balance. Also, The Numbers Are In: US Budget Projections and Taxes: Corrected Form 1098. Plus we take a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Inc podcast we discuss the "US Stock Market Test Key Levels' . Also, an insightful look on 'Consumer Confidence Slips in March'. As well as, 'Unprofitable Companies Now A Large Share of IPO's'. Plus a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions Inc podcast we discuss Diversifying your portfolio Based on Risk Factor . Also, an insightful look on the Trade War from a Historical Perspective. As well as, Foreign Tax Credit vs. Deduction, and what you need to know. Plus a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions Inc podcast we discuss if 3% Economic Growth is possible . Also, how the New Tax Law May Change Mortgage Strategy for some. As well, your Vehicle License Fee Deduction, and what you need to know. Plus a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions Inc podcast we discuss Higher Interest Rates leading to Market Decline . Also, it's Time to Review Portfolio Risk. As well, Qualified Charitable Distribution and the new Tax Law, plus a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions Inc podcast we highlight Long-term Care Insurance and what it means to you and your future. Insight on the Roth 401(k) and how it differs from the standard 401 (k). Are you investing real-estate? We speak talk about the Housing Market Supply and Demand, plus a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions podcast we discuss the Tax Bill Update part 3 and China May Slow Purchases of US Government Debts. The Roth IRA-Happy 20th Birthday (Where did the name Roth come from?), and we finish off with the PSI Office Bulletin Board.

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On this episode of the Planned Solutions podcast we discuss the Tax Bill Update part 2 and 2018 New Year’s Resolutions. The Federal Reserve Recession Indicator hit its highest level since 2009 in November, and we finish off with the PSI Office Bulletin Board.

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On this episode of the Planned Solutions podcast we discuss the Tax Bill Update and Last Minute Tax Deductions. Insight on the Federal Reserve Raising Interest Rate Target, and we finish off with the PSI Office Bulletin Board.

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On this episode we discuss the Consumer Financial Protection Bureau (CFPB)and the Sacramento Country Deferred County Investment Options. Insight on US Consumer Confidence, and we finish off with the PSI Office Bulletin Board.

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On this episode we discuss Bitcoin and Cryptocurrencies: Speculative Investments Only. Insight on Social Security Changes for 2017 as well as Tax Loss Harvesting, and we finish off with the PSI Office Bulletin Board.

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On this episode we discuss Jerome Powell being nominated as Chairman of the Federal Reserve. Insight on 2018 Retirement Plan Contribution Limits as well as the Tax Reform Timetable, and we finish off with the PSI Office Bulletin Board.

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On this episode of the Planned Solutions podcast we give insight on how Tax Reform Efforts Seek Simplicity But Is Creating Uncertainty. Plus information on Target Date Funds as well as Recent Disasters a Reminder to Review Insurance Coverage. Plus a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions Inc Podcast we discuss the flowing. • What Richard Thaler’s Noble Prize in Economics Means for You • 401(k) Loans • Robo-Call Scams • PSI Office Bulletin Board

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• Companies and Employees Feel the Pressure of Higher Health Insurance Costs • E-Mail Scams • Equifax Data Breach Part 2 • PSI Office Bulletin Board

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On this episode of the PSI podcast we discuss Aggressively Saving For Retirement May Reduce the Risk of Early Retirement. Also Qualified Charitable Distributions, insight on the Equifax Data Breach and measures you can take. And a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Inc podcast, we give insight into Energy Stocks Suffering in the Aftermath of Hurricane Harvey. We expand on Protecting Digital Assets, as well as Taxpayers Paying Underpayment Penalties are on the Rise, and a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions INC podcast we touch on Mortgage Rates Reversing Course, in conjunction with that we are seeing a Home Renovation Boom. Plus insight into the Slump In Auto Sales as well as look into the PSI Bulletin Board in which we talk about the upcoming golf tournament to support cancer research.

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On this episode of the Planned Solutions Personal Financial Review we take a look at the Federal Reserve Balance Sheet Normalization, Long-Term Care Insurance, U.S. Economic Growth, and we take a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions INC podcast we take a look at the Housing Prices Surge. Pension plans, Lump Sum VS Annuity as well as insight on the European Economy and a visit to the PSI Office Bulletin Board.

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On this episode we touch on inflation acceleration, crowd funding college tuition, and the US Dollar Strength Wanes. Also insight on PSI bulletin board where we talk about the Harlan D. Wood Memorial Cancer Charity Golf Tournament this year. We have had great participation in the past and we hope to make this the best tournament yet. Date: September 22nd

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On this episode of the Planned Solutions Inc Podcast, we take a look at the Bond Market: Interest Rates & Credit Risk. Plus a look at the Affordable Care Act Tax Implications as well as insight into Wire Fraud E-mails. And we will conclude with the PSI Office Bulletin Board.

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On this edition of the Planned Solutions podcast we take a look at The Good, The Bad, and The Ugly of Debt Trends in the US. As well as Underfunded Pensions, and the latest US Labor Market Data. And a visit to the PSI Office Bulletin Board

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On this episode of the Planned Solutions Inc Podcast we give insight on if the Fiscal Stimulus is in Jeopardy. As well as Tax Planning for a Dependent’s Summer Job, a learning tool and planning strategy. Also Recent Cyber attack Highlights Need for Data Security and a look at the PSI Office Bulletin Board

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On this episode of the Planned Solutions Podcast, we take a look at Foreign Stocks, are they taking the Lead in 2017? Plus, How to Undo a Roth Conversion, As well as, Puerto Rico Files for Bankruptcy Protection; What are the implications? And we close out this episode with PSI Office Bulletin Board

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On this episode of the Planned Solutions Inc Podcast we discuss the Market has Responded Positively to First Round of French Presidential Election. A continual conversation on Roth IRA Conversions,and insight into the Trump Tax Plan Outline that is Expected Soon. Plus a look at the PSI Office Bulletin Board

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On this edition of the Planned Solutions Podcast we take a look at The Challenges Facing the Federal Reserve, Roth IRA Planning. Also the Fed Issues Warning Over Stock Market Valuations and we discuss the PSI Office Bulletin Board.

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On the this episode of the Planned Solutions Inc podcast we will discuss what changes are happening with the stock market, as well as presenting what you need to think about with your tax deductions and there implications. As well plan for your families future. Also an insightful look at the Planned Solutions Inc bulletin board.

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On this episode of the Planned Solutions Podcast, we take a look into Where Do Your Tax Dollars Go? Individual Retirement Arrangements (IRAs) and After Headlining January Inflation Oil Prices Fall. Plus a visit to the PSI Office Bulletin Board

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On this episode of the Planned Solutions podcast we take a look inside on How Long Do You Need To Keep Your Tax Records, US Household Debt Nears Record Highs, US Retail Sales and Inflation Increase in 2017 and a look at the Planned Solutions Bulletin Board.

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On this episode of the Planned Solutions Inc podcast we will have a special visit from Roger Smith one of the founders of Planned Solutions. Also we will discuss A Case for Moderation, the Average Cost of a Wedding Surges in 2017, and Personal Income Tax Exemptions and take a look at the PSI Office Bulletin Board.

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On this episode of the Planned Solutions Podcast we will discuss Federal Reserve Policy According to Fed Governor John Williams. The Dow Hits 20,000, What to do if you Miss Your Required IRA Distribution, and we'll take a look at the PSI Office Bulletin Board.

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On this Planned Solutions podcast we talk the Fed reserve interest rate hike and what it leads to in 2017. A Book report on The End of Accounting, The Estimated Cost to raise a Child and the increases as well as our biweekly touch on the PSI Bulletin board.

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The first Planned Solutions Inc. podcast of 2017. We will touch on the year of 2016 and major events that effected the market. Revisit and expand on, 'Are you donations tax deductible? ‘As well, you may have unclaimed property that you're owned! We will tell you how you can inquire if you have any earnings that you're owed. Plus a look at the Planned Solutions Bulletin board.

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An update on the reality of your year end donations and is it actually tax write off and more from the staff of Planned Solutions.

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On this Planned Solutions Inc. Podcast we touch on the Recovery of Gold that started in December 2015 and what it means to you. New Retirement Plan contribution limits and how it effects your retirement plans. Mortgage Rates are rising. Are you a home owner? Important facts you"ll want to think about before you think about refinancing. Plus a look at the PSI Bulletin Board.

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On this Planned Solutions Podcast we discuss the impact of the recent Presidential Election on the stock Market, the IRS crackdown on off shore accounts and Social Security Cost-Of-Living-Adjustment (COLA) as well as a visit to Planned Solutions Cork Board.

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Planned Solutions will discuss Recent Industry Performance, touch on Key Economic Data and it what it can mean in the future. Also Americans are spending less, plus we take a look at PSI bulletin board.

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In this podcast, the staff of Planned Solutions discusses the IMF, the IRS and a recent Tax Scam you need to be aware of as well as give an update from the Planned Solutions Bulletin Board that covers happenings within the company.

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In this podcast, the staff of Planned Solutions discusses the S&P 500, the FIA and the Future of Cash as well as gives an update from the Planned Solutions Bulletin Board that covers happenings within the company.

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This podcast includes content on the August ISM Reports Show Slowing Economic Growth. Peer-to-Peer Money Transfer Services, US Federal Deficit Projected to increase in 2016 and a look at the Planned Solutions Office Bulletin Board.

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On this episode of the Planned Solutions podcast, Has the US Stock Market Experienced a Rolling Pullback? You'll receive information on Health Savings Accounts (HSAs). Pace of Stock Buybacks Decline and the Planned Solutions Inc Office Bulletin Board.