This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Here we are again. The drama. The finger pointing. The tension. The drama. Oh, the drama. Yes, the federal government must have maxed out its line of credit — again. As much as the politicians would prefer to ignore it, the federal…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Toward the end of last year, expert market prognosticators continued their tradition of revealing their forecasts for the financial markets for the following year. While they are, in my opinion, about as useful as the always entertaining Farmer’s Almanac, many of these…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer A new year always bring some changes to your life. Some of 2023’s changes will likely have little impact on your day-to-day life. For example, it is now legal (but still risky) to jaywalk in California, Mississippi has a catchy new state…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Early Sunday morning a brand-new year was born, full of high hopes and resolutions. Every new year is a chance to put the past in the past, to look to the future with optimism, and to reflect on the changes that could…
Way back in April we highlighted proposed legislation that could make some changes to the rules of retirement – the SECURE 2.0 Act of 2022. After handily passing the U.S. House of Representatives in April and passing out of U.S. Senate committees, the bill has patiently waited to be voted on in the U.S. Senate…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Christmas is coming! This is probably not news to you. If you have young children, the excitement has been building since the calendar turned to December (and maybe even sooner). This is positive anticipation. A blizzard is coming! This is probably…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Last week Friday’s snow created an excellent educational opportunity. My middle child was granted his driver’s license by the State of Wisconsin in September. His mandated 50 hours of parent driving time started a mere 6 months prior to that and, as…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer One of the more interesting stories of 2022 has been the dichotomies of the U.S. dollar. When you think about them from just the wrong perspectives it can give you a headache. Naturally, that is where my attention is drawn. Everybody in…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer “It’s one of the best defenses on paper that we’ve had,” said Aaron Rodgers during training camp in August. “On the field it looks even better,” extrapolated safety Darnell Savage. And then the reality of the regular season set in. Currently the Packers defense…
Anne Sapienza married Tim Johnson in a small backyard ceremony on September 24. They honeymooned in Italy. Gina Haenisch and her husband, Kurt, celebrated their 40th wedding anniversary on September 18. Mike Kutz’ son, Sam, passed his final CPA exam in September and, along with his wife, Emily, had Mike’s first grandchild, Ivy. Bill Otto…
This quarter the IAG Charitable Foundation made a grant to support Flight to the North Pole. This Milwaukee-based organization focuses on providing a memorable event for children fighting cancer (and their entire family) during the Christmas season. You can learn more about their mission by visiting their website. If you would like to submit a…
Lindsay Lavine joined the IAG team as a Financial Operations Associate in July. She works primarily with Mike Koerner and his clients, but also contributes as other team needs arise. Lindsay passion is helping people. In her previous role with Hub International she assisted employees with their group benefits. Lindsay was drawn to IAG because of…
Inside the Beltway: Congress With the elections over, the 117th Congress will be working to finish up all sorts of loose ends before the end of the year using a so-called “lame duck” session. One of those loose ends could impact the rules for retirement accounts. The Securing a Strong Retirement Act of 2022 (SECURE…
Last week’s October inflation report created a surge of optimism about the future. Traders enthusiastically embraced signs of slowing inflation and went on a buying frenzy that created significant one-day gains last Thursday. Bond traders were happy that the Federal Reserve may not have to raise their overnight interest rate as much as they…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer I am writing this blog on Monday afternoon, envisioning what reality will be on Wednesday morning. That is always a dicey proposition. First, on Wednesday morning I envision that I will be very happy that the onslaught of gloomy, accusatory, negative advertisements…
With the cost of long-term care (LTC) increasing year over year, considering how the costs of long-term LTC will impact your financial plan is essential. According to insurance company Genworth, the price of LTC services increased substantially in 2021 for specific settings due to the supply of professional labor and the growing aging society. Other…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer The next week will be filled with costumes and candy as kids cash in on strangers’ sugar donations. How do these traditions get started? Who was the first parent to dress their children in costumes, walk them up to a stranger’s door,…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Hiking through deserts poses a real threat to your physical and mental well-being if you do not plan ahead. High temperatures, low humidity, and a noticeable lack of bubblers create just the environment to whither with your body and mind. For those…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Sirens are often associated with unfortunate events in life. Sirens respond to car crashes. Sirens respond to medical emergencies. Sirens respond to house fires. But how do you respond to sirens? If you are driving, hopefully you safely pull over…
American workers find it difficult to save for retirement because their distant financial needs tend to take a backseat to more immediate economic concerns, even if they have their day-to-day finances under control or are financially literate, according to a study by the Center for Retirement Research at Boston College. In the issue titled: “Are…
More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet, understanding how to protect your privacy can help mitigate your exposure to risk. Here are some ways to help you safeguard your information:…
In 2021, women-led companies only received 2% of all venture capital funding, a figure considered the lowest percentage in more than five years.1 Data shows this figure does not necessarily reflect the potential success of female-owned businesses, but possibly more of a reluctance for male investors or male-led funds to green-light these projects. The reasons…
Planning personal finances used to be the worry of the wealthy and their worry—usually preservation of wealth—was attended to by teams of trust officers and lawyers. Many of today’s middle class families have different concerns: funding retirement; educating children; protecting assets; and coping with unexpected changes in health, employment, and marital situations. But, whether your…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Recently we have heard from a number of clients asking “Is it time?” Some are concerned about recent market events and are asking if it is time to switch to a more conservative investment approach. Others are cautiously optimistic about the…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Miriam-Webster lists the origin of the word jitters as “unknown.” While the origin of jitters may be unknown, it is the unknown that will likely be creating jitters for short-term traders in the next few months. Today bond traders believe the Federal…
Today, women have more financial responsibilities than ever before. How will your family or loved ones manage financially if you die? Whether you are single, married, employed, or a stay-at-home mom, you probably need life insurance. At the very least, life insurance can help pay for the costs of funeral and burial services, estate administration,…
Life insurance has come a long way since the days when it was known as burial insurance and used mainly to pay for funeral expenses. Today, life insurance is a crucial part of many estate plans. You can use it to leave much-needed income to your survivors, provide for your children’s education, pay off your…
Homebuyers braving the hot U.S. housing market have run headlong into a striking transition. The average interest rate for a 30-year fixed mortgage jumped from around 3.2% at the beginning of 2022 to 5.3% in mid-May, the highest level since 2009. This rise was sparked by the Federal Reserve’s commitment to raise the federal funds…
Women own nearly 20% of the businesses that employ people in the United States, and countless more women run their businesses without employees. There are over one million women-owned firms. They employ over 10 million people and generate nearly $1.8 trillion in revenue annually.1 If you are a female entrepreneur, you help create these stunning…
Nine of every 10 U.S. families with children have at least one working parent.1 Though working parents make up one of the largest demographic groups in the country, they face many challenges—from the cost of childcare to inconvenient scheduling issues. There are a few steps working parents may wish to take to smooth the path ahead,…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer On Thursday evening the National Football League’s (NFL) 2022 season begins with the Super Bowl champion Los Angeles Rams hosting the Buffalo Bills. To make an NFL team’s roster requires significant personal commitment by the players. They must commit to keeping their…
The President signed into law the Inflation Reduction Act on August 16. This mono-partisan 730-page bill addressed several Democratic priorities and passed the Senate and House on strictly party-line votes. With this budget reconciliation bill out of the way, Congress departed for their traditional August recess. When they return to Washington in mid-September, they plan…
B.J. Sabol joined your IAG team as a Financial Operations Associate on April 22nd. He grew up in the Lake Country area and graduated from Lake Country Lutheran High School in 2014. After graduation, he headed west to attend a junior college in California with the dream of one day playing Division One baseball. After…
IAG Grapevine Mike Kutz’ son, Sam, and his wife, Emilie, celebrated the birth of his first grandchild, Ivy, on August 22. Rusty Peterson, and his wife, Marna, moved from Menomonee Falls to Delafield and adopted a 1-year-old Rottweiler named Nelli. Mary Paul purchased a home in Footville, Wisconsin, in May. Josh Oswald and BJ Sabol…
Investing for your retirement isn’t about getting rich quick. More often, it’s about having a game plan that you can live with over a long time. You wouldn’t expect to be able to play the piano without learning the basics and practicing. Investing for your retirement over the long term also takes a little knowledge…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer I had an interesting experience driving my daughter home from camp on Sunday. We were driving through a small town in central Wisconsin when a vehicle made a right turn at an intersection a block or so in front of us. Everything…
Women are successful professionals, business owners, and knowledgeable investors. At some point in their lives, women may have to manage their own finances due to divorce, widowhood, or remaining single. Every day, women face a variety of risks to their life, their health, and their property. Although you can’t eliminate many of these risks, you…
As of 2017, about two-thirds of all nonprofit organizations in the U.S. had annual budgets of less than $1 million.[1] For these non-profit organizations where every penny has a purpose, having the services of a financial professional can be incredibly valuable. Below, learn more about the different ways a financial professional can help non-profits succeed. Fiduciary…
If you’ve moved beyond basic financial advice—live below your means and set aside funds for a rainy day—you may be wondering what to actually do with these rainy-day funds. With inflation on the rise, keeping excess cash in a checking or savings account could erode your purchasing power over time.1 What should you do to put these…
As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what’s predicted to be trillions of dollars over the coming decades. Helping to pay for a grandchild’s college…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer It is generally good to know where you are. When hiking in the woods, you bring along a compass and a trail map. When driving in unfamiliar territory, you use Google maps or your car’s GPS to keep your bearings. The…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer If you made it past the title of this blog, congratulations! Most people likely saw “math” in the title and casually walked away without making eye contact. Whether you like it or not, math runs your world. You can either choose to…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Within the next few days you will face a critical decision. Your June investment statements will arrive via e-mail or in the mail. There are three potential approaches you could take because you honestly already know what your statements will tell you. Option…
The amount of individual disability income insurance you should buy depends on three things: how much income you’ll need if you become disabled, how much money you can afford to spend on premiums, and how much insurance you’ll be able to purchase under the insurance company’s guidelines. Determine how much income you’ll need if you…
Many parents may find it uncomfortable, or even believe it is unnecessary, to inform their children about personal finance matters. Yet, communicating openly with your family members can help to reassure them about your financial and health care wishes. This may also ease the decision-making process for your family in many important areas. As time…
Insurance may provide a safety net for when things go wrong and might allow you to navigate life a little more confidently. Insurance Nerd Day is July 18. In celebration, here are six interesting facts about insurance you may not know. Insurance Originates from a Marriage Engagement The origin of the word “insurance” comes from…
For members of the “Sandwich Generation”—those currently in their 40s and 50s who are caring for children and their parents who are over 65-years old—estate planning may seem like a low priority. After all, when you’re juggling multiple caregiving responsibilities daily, sitting down to draft a will is easy to put off. But estate planning…
The golden rule of financial planning: if you can plan it, you can pursue it Over the past July 4th, we celebrated our country’s history of declaring independence and guaranteeing basic human freedoms. But true freedom includes financial independence, as well. Self-sufficiency isn’t guaranteed, but every one of us has the opportunity to achieve it.…
Thinking of a future without ourselves in it, is not the most pleasant of thoughts…however, it is necessary to do so for the financial future of your family. Life insurance may provide you with the opportunity to bequeath money to your survivors, while at the same time, provide the necessary liquidity to help pay…
The housing market has been frustrating for buyers and a boon for sellers, but there are signs that those frustrations might be easing – depending on where you live. Would-be buyers have struggled with historically low inventories, crazy bidding wars and now have to add rising mortgage rates to their worry list. Sellers on the…
Tax-deferred annuities can be a valuable tool, particularly for retirement savings. However, they are not appropriate for everyone. Five questions to consider Think about each of the following questions. If you can answer yes to all of them, an annuity may be a good choice for you. Are you making the maximum allowable pretax contribution…
Some basics A variable annuity is a contract between you (the purchaser) and an insurance company (the issuer). In return for your premium payments, the issuer agrees to make periodic payments to you (if you elect this option), beginning either immediately or at some future date. Annuity premium payments may be made with after-tax dollars…
Legislation update Having expended a significant amount of political capital pushing the Build Back Better without passing it, Congressional leaders are mulling how to pass pieces of this legislation before the end of the 117th Congress. Given current inflation readings, it is unlikely that additional government stimulus is needed. Thus, legislators are more likely to…
Jennifer Von Ruden assumed responsibilities as IAG’s Chief Compliance Officer on April 1 and also joined as a partner in our firm. Anne Sapienza and her fiancé, Tim Johnson, are planning a small wedding on September 24, 2022. Tom Peterson’s son, Gabe, graduated from Marquette High School and plans to attend the University of North…
Kyle Bence joined our IAG team on January 17 as a Financial Operations Associate and will be working primarily with Lori Watt’s clients. His plans include learning the financial planning process, passing the required regulatory exams, and becoming a financial advisor. His primary goal is to serve others while listening carefully. This served him well…
In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.1 It’s not surprising that a Gallup poll at the end of March found that one out of six Americans considers inflation to be the…
Legendary investor Warren Buffett is famous for his long-term perspective. He has said that he likes to make investments he would be comfortable holding even if the market shut down for 10 years. Investing with an eye toward the long term is particularly important with stocks. Historically, equities have typically outperformed bonds, cash, and inflation,…
Inflation swindles almost everybody – stock investors, bond investors… We’ve all heard about Warren Buffett, the 91-year-old multibillionaire known for his friendly demeanor, modest style of living in Omaha, and remarkable ability to create wealth. How does he make so much money? How does Warren and his long-time associate, Charlie Munger (who is 98), choose…
America’s older generations grew up in a different world where it was customary to be courteous and trusting. Unfortunately, these exemplary standards of conduct could get some individuals into trouble. Con artists bank on the willingness of older Americans to trust in a variety of too-good-to-be-true investment “deals.” Therefore, many people already experiencing financial difficulties…
It has been a rough six weeks. The financial markets have persistently declined, interest rates have risen, and you may be getting weary of bad news. These are the times that test an investors’ patience. These are the times where the siren songs of foolish decisions get louder. These are the times for gentle…
Chris Mitchell of IAG Wealth Partners, LLC was recently ranked No. 61 in WI in the 2022 Best-In-State Wealth Advisors list published by Forbes. This is the fourth consecutive year he has made the statewide ranking. According to Forbes, the annual list spotlights the nation’s top-performing advisors, evaluated based on a methodology developed by SHOOK…
Today the Federal Reserve is likely to announce its first .50% increase in its overnight bank lending interest rate in over 20 years. On May 16, 2000, the Federal Reserve increased their target interest rate from 6% to 6.5%. As you may recall, the stock market peaked in March 2000 as a massive run up…
The best-selling book, Good to Great: Why Some Companies Make the Leap. . .and Others Don’t, offers surprising insights into the success of “great” companies that consistently and significantly beat average market returns on a sustained basis. The author, Jim Collins, and his research team set out to discover what makes a good company great.…
Are you worried about the current state of the Social Security system and how its future may affect your retirement income? It’s important to take a long, hard look at your current savings strategy to ensure you’ll be able to compensate for this, or any other, retirement income shortfall. Here are some important savings strategies…
It all starts with a whisper, an ever-so-slight loss of confidence, or a shadow of doubt that briefly crosses the mind. The economy looks strong, unemployment is low, consumers are generally in strong shape, and the present is positive. But what about the future? What about inflation? What about soaring food and energy costs? What…
Financial literacy refers to the skills and knowledge that allow an individual to make informed and effective decisions through their understanding of finances. Financial literacy starts by building a basic understanding of ‘money matters’ to create a sense of economic well-being, self-trust, and financial confidence. The principles of financial literacy include: Saving- Saving is preparing…
It is no secret that the first three months of 2022 were a bit tumultuous in the financial markets. Stock traders responded to the uncertainty surrounding the invasion of Ukraine by selling. Bond traders responded to the uncertainty surrounding the Federal Reserve’s battle with inflation by selling. About the only strategies that had a positive…
Last week, by a vote of 414-5, the U.S. House of Representatives approved a bipartisan bill that would make significant changes to retirement planning. The Securing a Strong Retirement Act of 2021 (H.R. 2954) is a sequel to the SECURE Act of 2019 which also passed with strong bipartisan support. Its nickname is SECURE Act…
A mere three months ago, bond traders were a fairly relaxed group of people. The 10-year Treasury bond yielded a modest 1.52% per year and had been trading around that mark for nine straight months. While inflation was bumping up, the Federal Reserve assured the markets it was transitory due to pandemic-related inefficiencies and there…
I root for underdogs (unless they are playing Wisconsin teams, of course). There is something about an underestimated team exceeding the experts’ view about their abilities and defeating a supposedly superior opponent that gives me great satisfaction. It takes tenacity. It takes confidence. It takes effort. And it usually takes a little bit of luck.…
There is a lot to pay attention to in the world today. From armed conflict to viruses to inflation to supply chains to politics to the financial markets. It is almost getting difficult to decide which of these deserves the most attention. I can tell you that even long-term investors are starting to feel a…
This past weekend my daughter was involved in her school’s production of Alladin and His Magic Lamp. She played Alladin. It was quite a whirlwind. Casting was on Monday, practices ran Monday through Friday (except for the ice day on Tuesday) with shows on Friday night and Saturday afternoon. Thanks to Prairie Fire Children’s Theatre,…
From as young as I can remember, winter has been one of my favorite seasons to be outside — from sledding, to fort-building, to simply walking in the peaceful serenity of a world being blanketed by snow. I will even admit to you that I may enjoy shoveling occasionally. Counterbalancing this appreciation for the white…
What exactly is Vladimir Putin up to? No one really knows except maybe the highest echelons of his inner circle. There are no secrets about Russian troop movements, ship relocations, and joint military exercises in Belarus. This is certainly not a stealth operation. There are several plausible reasons for Putin to start rumors of war.
I admit I get suckered in to watching the Olympics when they are on in my house. I think it is the combination of my admiration for those far more gifted than I, the interesting personal stories that are told, or the drama of the competition. It takes a lot of personal ingredients to earn…
These two words can strike terror in a parent’s heart: student driver. My middle child started drivers education class this quarter. As his book knowledge of driving grows, so does his input regarding his parents’ driving habits. I am choosing to use such opportunities as positive educational experiences instead of reacting to the slight jabs…
While most of you likely have a fairly negative impression of rats, they have many redeeming qualities that could benefit you if you can overcome centuries of negative press coverage sensationalizing their shortcomings. Just last week a heroic rat was memorialized globally for his efforts to save lives. According to this article, Magawa was an…
There have been quite a few spikes in the news over the last month. From the Badgers’ women volleyball players capturing the national championship to the spike in COVID cases to the Omicron variant’s more effective spikes. However, no spike has caught our attention more in the new year than the spike in interest rates.…
The optimism of high expectations can either be highly motivational or grudgingly disappointing. Did 2021 meet your expectations? Going into 2021 most people were fairly optimistic that 2021 would bring an end to the COVID pandemic and a return to normal life. Those high expectations were seeded by the lows of 2020, and 2021 simply…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Here we are again. The drama. The finger pointing. The tension. The drama. Oh, the drama. Yes, the federal government must have maxed out its line of credit — again. As much as the politicians would prefer to ignore it, the federal…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Toward the end of last year, expert market prognosticators continued their tradition of revealing their forecasts for the financial markets for the following year. While they are, in my opinion, about as useful as the always entertaining Farmer’s Almanac, many of these…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer A new year always bring some changes to your life. Some of 2023’s changes will likely have little impact on your day-to-day life. For example, it is now legal (but still risky) to jaywalk in California, Mississippi has a catchy new state…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Early Sunday morning a brand-new year was born, full of high hopes and resolutions. Every new year is a chance to put the past in the past, to look to the future with optimism, and to reflect on the changes that could…
Way back in April we highlighted proposed legislation that could make some changes to the rules of retirement – the SECURE 2.0 Act of 2022. After handily passing the U.S. House of Representatives in April and passing out of U.S. Senate committees, the bill has patiently waited to be voted on in the U.S. Senate…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Christmas is coming! This is probably not news to you. If you have young children, the excitement has been building since the calendar turned to December (and maybe even sooner). This is positive anticipation. A blizzard is coming! This is probably…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer Last week Friday’s snow created an excellent educational opportunity. My middle child was granted his driver’s license by the State of Wisconsin in September. His mandated 50 hours of parent driving time started a mere 6 months prior to that and, as…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer One of the more interesting stories of 2022 has been the dichotomies of the U.S. dollar. When you think about them from just the wrong perspectives it can give you a headache. Naturally, that is where my attention is drawn. Everybody in…
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer “It’s one of the best defenses on paper that we’ve had,” said Aaron Rodgers during training camp in August. “On the field it looks even better,” extrapolated safety Darnell Savage. And then the reality of the regular season set in. Currently the Packers defense…
Anne Sapienza married Tim Johnson in a small backyard ceremony on September 24. They honeymooned in Italy. Gina Haenisch and her husband, Kurt, celebrated their 40th wedding anniversary on September 18. Mike Kutz’ son, Sam, passed his final CPA exam in September and, along with his wife, Emily, had Mike’s first grandchild, Ivy. Bill Otto…
