Planned Solutions

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds

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 [email protected]

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:

[email protected] (916) 361-0191

WEB SITE:

www.PlannedSolutions.com

#finance #invest #investment #stocks #interestrate #bonds