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Market Challenges and the Coming Election

By Lineweaver Financial Group
September 10, 2020 Category: General, Market, Election

Key Points Challenges include elevated virus transmissions, high unemployment levels, the Presidential election and stretched valuation metrics Monetary and fiscal policy combined with vaccine developments are likely to continue to support risk assets 2020: A Historic Year 2020 will be remembered as the year the coronavirus severely tested the basic freedoms and tenets of capitalism in the United States. The virus has proven to be highly efficient in disrupting many of the daily routines we typically take for granted. Like an engine needs clean oil to operate smoothly, the free movement of people, goods, and capital are key lubricants capitalism needs to operate smoothly. The virus is near-perfect friction to this free movement. As we have witnessed, businesses and education systems have difficulty functioning without free movement. Unfortunately, we have also felt the human tragedy the virus has created with nearly 775,000 deaths globally,5 a number that will sadly go higher. For

Q2 and Three Steps to Take

By Lineweaver Financial Group
August 06, 2020 Category: Strategies, Volatile Market, General

The second quarter of 2020 is unlike any other. Weve been in the midst of a global pandemic that led to the stay-at-home mandates that caused a sharp, deep recession and left nearly 20% of Americans unemployed1. In May and early June, after many thought the curve of new coronavirus cases had been successfully flattened, economic reopening occurred across the country. However, within weeks the virus spread and the US entered the July 4th weekend reporting record numbers. With some progress reportedly being made on several treatments and potential vaccines, many people have started pricing risk assets as if the worst of impact from COVID-19 is over. This was before the onset of what many are calling the 2nd wave of new coronavirus cases, causing many to question the pace of any economic recovery. With expectations that the Federal Reserve will do whatever it takes to support the economy and risk assets investor attention has turned to Congress, as the $600 weekly unemployment benefit

Economic Commentary 2020Q3

By Lineweaver Financial Group
July 16, 2020 Category: Economic Commentary, 2020Q3

Summer is here: Making lemonade out of lemons The great poet Ralph Waldo Emerson famously wrote, Do what we can, summer will have its flies. As we head into the summer months, this mood may best describe nervous investors who recently experienced large bouts of market volatility due to the spread of the coronavirus. The SP 500 Index fell 34% from its all-time high reached on February 19 to its low on March 23. While it has recovered since then, we are seeing global economic activity reflects the implementation of mandatory shelter-in-place policies. Simultaneously, extreme moves in the oil market with West Texas Intermediate (WTI) oil futures prices at one point trading in negative territory due to fears of oversupply caused additional distress in markets. Globally, central banks and governments stepped up to provide unprecedented levels of stimulus measures on both the monetary policy and fiscal fronts. We see three investment implications from this stimulus. First, we would like

Economic Outlook

By Lineweaver Financial Group
July 16, 2020 Category: Economic Outlook, Q3, 2020

The second quarter of 2020 was one for the history books. COVID-19 caused a global pandemic that led to deaths in more Americans than the wars of Vietnam, Korea, and the Gulf Wars combined, and led to stay-at-home mandates that caused a sharp, deep recession in Q2 when nearly 20% of Americans were unemployed.1 In May and early June, after many thought the curve of new coronavirus cases had been successfully flattened, economic reopening occurred across the country. Within weeks the virus spread, however, and the US entered the July 4th weekend reporting record numbers of new cases of over 50k/day.1 This is double the rate seen in mid-May with total cases now totaling 2.8m, up from 200k cases at the end of Q1.1 Reopening plans have been rolled back in many states. Generally, the level of uncertainty regarding the virus is growing, not falling. Despite this environment, risk assets enjoyed strong rallies throughout the quarter, leading to discussions of the disconnect between Main Street

HealthWatch: Probiotics

By Lineweaver Financial Group
July 16, 2020 Category: HealthWatch, Probiotics

Are you currently taking probiotics to improve your gut health? New research from the American Gastronenterological Association is showing that it might not be as helpful as we are led to believe. Since researchers started to learn more about our gut bacteria, or microbiome, probiotics have become more popular. Yogurt and dietary supplements contain certain bacteria and yeast, which are organisms found in probiotics. Depending on your location, you can find probiotics sold over the counter or by prescription. Since probiotics are not considered drugs in the United States, they arent regulated in the same way as other pharmaceutical products. This can lead to an increase in misleading information and has acted as a barrier to scientific research when it comes to how helpful probiotics actually are. For example, research has found there isnt enough evidence that suggests the use of probiotics to treat Crohns disease, ulcerative colitis, or IBS. The American Gastronenterological Association

Letter from the President Q3

By Lineweaver Financial Group
July 16, 2020 Category: Letter From The President

One of the many challenges posed by COVID-19 is the end of the year celebrations for new grads. In the Lineweaver household, this has been especially difficult for my eldest daughter Tori, who graduated this year from Miami of Ohio! Kathy, myself, as well as Tyler and Delaney, could not be more proud of Tori and her success. I was lucky enough to have her join me for two of our weekly Financial QuarterbackSM segments, to talk about financial concerns and strategies that all new grads should consider. The first thing Tori and I talked about is that choosing the right benefits is an important first step. Some new graduates might be able to stay on their parents health insurance until the age of 26, which can help save on some of the initial costs. If not, make sure to look over all the options to find the right insurance that fits your needs and budget. Many jobs will also give you options when it comes to life insurance and disability. When youre young something such as disability or life

5 Steps to Transitioning into a Successful Retirement

By Lineweaver Financial Group
July 14, 2020 Category: Retirement, General, Steps

Are you looking to start the transition into retirement? If so, we have prepared 5 critical steps to take into consideration when transitioning into this new chapter of your life. When preparing for retirement there are plenty of important decisions running through your mind. We have compiled these steps in order to help guide you along the way. Step 1: Plan for Increasing Healthcare Cost When it comes to healthcare, you have to be prepared for what could happen in the future. Fidelity does a study every year into the average cost of healthcare for a couple who is aged 65 and retiring. In 2019 it was estimated they will need $285,000 for healthcare and healthcare-related costs. This cost, unfortunately, will only increase significantly each year. Step 2: Consider Long-Term Care According to the U.S. Department of Health and Human Services, 70% of people aged 65 or older are likely to need long term care at some point. With such a high percentage of people in need of long-term care,

4 Helpful Strategies During this Volatile Market

By Lineweaver Financial Group
June 18, 2020 Category: Strategies, Volatile Market, General

Since the onset of COVID-19 in February, weve seen record volatility in the financial markets. But, its time in the markets, rather than timing the markets that will ultimately help set you up for success over the long-term. Here are a few strategies to help you keep your cool, remain invested, and weather the storm. First, consider using income-focused strategies to help weather todays uncertainty. When investing in individual stocks, its important to use caution for growth purposes or when you are nearing retirement. Normally, its best to employ a combination of different tools, including bonds or fixed income, based on your financial goals and time horizon. Secondly, remember that planning now could save you and your family hundreds of thousands of dollars later. One of the major changes of the past year is the elimination of the stretch IRA. This rule changes the way your heirs are able to receive inherited funds. Before the change, you were able to spread the inherited money

Strategies to Help Maximize Income and Minimize Taxes

By Lineweaver Financial Group
May 21, 2020 Category: General

Were all going through a situation with no precedent right now, and it can feel challenging to take any action. But, we believe that there are some important tax strategies that can help you navigate during these challenging times that may not only help you weather the current storm but set you up for success down the road. One strategy we recommend for our clients is tax-loss harvesting, which involves selling an investment that has lost value, replacing it with similar investment, and then using the investment sold at a loss to offset any realized gains. This can help investors minimize any taxes they may owe on capital gains or their regular income. It can also improve overall investment returns. This strategy, however, can only be applied to taxable investment accounts, including retirement accounts like IRAs and401(k). Another strategy can be a Roth conversion. Converting retirement savings from pre-tax to Roth accounts has become less expensive for many investors because of the

Economic Commentary 2020Q2

By Lineweaver Financial Group
April 07, 2020 Category: Economic Commentary

The COVID-19 virus has made a brief global recession likely. While the duration of the virus pandemic is unpredictable, policy stimulus, pent-up demand and a lack of major imbalances argue for a solid upswing when the virus threat clears. The containment measures being taken across the globe to combat the virus will have a large economic impact. Global gross domestic product (GDP) growth will probably be negative in the first quarter and will enter the second quarter at risk of contracting further. Provided the virus is transitoryperhaps contained in the second quarterthe global economy should be poised to rebound in the second half of 2020. The combination of monetary and fiscal stimulus on top of last years global central-bank easing, in addition to the reduction in China-U.S. trade tensions, argues for a solid recovery when the virus threat recedes. In the U.S., the governments virus containment measures mean a technical recessionnegative GDP growth in Q1 and Q2seems likely.

HealthWatch: Health and Nutrition Tips

By Lineweaver Financial Group
April 07, 2020 Category: General, Health, Nutrition

With the media being such a large part of society, its hard to know when information is accurate orwhen its a fabrication. This is extremely common in the world of health, and we often receive conflicting information about the best way to maintain a healthy lifestyle. Below are just a few health and nutrition tips backed by science for these difficult times. 1. Avoid sugary beverages Its often convenient to grab a sugary drink when we are in a rush, or even when we are out to dinner. But consuming these drinks can have consequences, such as type 2 diabetes and heart disease. Its best to drink something that is low in sugar. 2. Dont fear coffee While too much of anything is never a good thing, coffee is actually high in antioxidants and can help reduce the risk of Parkinsons and Alzheimers diseases. 3. Get enough sleep Sleep is extremely important for our mind and body in order to function properly. When our bodies dont get enough sleep it can drive insulin resistance, disrupt appetite

Letter from the President

By Lineweaver Financial Group
April 07, 2020 Category: General, Letter From The President

First, let me say the obvious: these are truly unprecedented times we are living through. Second, we appreciate how calm our clients have been. While everyone is feeling the anxiety and challenges of these times, I am truly impressed by everyone that I have spoken with. Please know that we will continue to closely monitor the markets, the economy, and your portfolio, and take action when we need to in order to best protect your hard-earned money. One of the conversations I am having with many of my clients is simply a reminder that the equities part of your portfolio is really meant for a 3-5 year timeline. For immediate money needs, weve layered in other strategies that are much less volatile, and which should offer you protection in the short term. We often hear from clients that other advisors that theyve had are more reactive, while we strive to be more proactive. We think that was the case this time as well. To take advantage of the strong market in 2019, we rebalanced in early January

What the $2 Trillion CARES Act Means for You

By Lineweaver Financial Group
April 01, 2020 Category: General, CARES, CARES Act, Stimulus

The CARES Act was signed into law on March 27th, 2020, and is designed to ease the financial burden placed on individuals, businesses, and other organizations created by the coronavirus, otherwise known as COVID-19. The bill separates into two distinct areas programs and protections for individuals, and programs and protections for businesses and other organizations. Below, well outline the main outcomes of the bill in each area. Keep in mind that this legislation has just passed, and everyone is rushing to interpret the 830-page bill. Its likely that the outcomes and interpretations by the various government agencies may change in the coming months, but heres what we know now. Programs and Protections for Individuals Direct Payments: Americans who pay taxes will receive a one-time direct deposit of up to $1,200, and married couples will receive $2,400. In addition, you can receive $500 per child. For individuals, payments are phased out starting at $75,000 in adjusted gross income

The Black Swan and Your Portfolio

By Lineweaver Financial Group
March 12, 2020 Category: Black Swan, Portfolio,

Earlier in the year, we talked about the backdrop being favorable as we entered 2020. However, we noted that 2020 would be like every other year in that it would include unpredictable or surprise events. It didnt take long for that to materialize. The Coronavirus is the black swan event for 2020. You hear the term black swan often on the news, or when the pundits talk about the financial markets, but what, exactly, do people mean when they talk about a black swan? A Black Swan Event is one that is completely unexpected and cannot be predicted. It also has significant consequences. A black swan event can have a tremendous effect, positive or negative, on societies, economies, financial markets and of course on investment portfolios. The term Black Swan originates from the belief that all swans were white because these were the only ones ever seen or accounted for. However, around 1700, black swans were discovered in Australia. So, this unexpected, unpredictable event in (scientific) history

Is Your Tax Plan Working for You?

By Lineweaver Financial Group
February 12, 2020 Category: General, Tax, Tax Planning, Tax Strategies

Its that time of year again - tax season is upon us, and we want to remind everyone of some strategies you may be able to take advantage of on your 2019 tax return. A strategy that many find helpful is bunching deductions, which is essentially accelerating your write offs into one year to try to get above the standard deduction. Last year was the first time for all of us filing under the Tax Cuts and Jobs Act of 2017, which doubled the standard the previous standard deduction from tax year 2016. But this year the only change is a slightly increased standard deduction over last year - $24,400 for Married Filing Jointly, and 12,200 if youre single. By bunching charitable gifts, medical expenses, or even your state and local taxes into one year, you may be able to realize significant savings. However, just keep in mind real estate and state and local taxes are still capped at $10,000. Many people also take advantage of gifting appreciated securities. For example, even if you only paid

Market Outlook 2020

By Lineweaver Financial Group
January 07, 2020 Category: General

What a difference a year makes! A year ago, at this time the market was coming off a 20% correction in the fourth quarter reflecting prevailing headwinds of rising interest rate, escalating global trade tensions between the US and China, uncertainty on Brexit, and growing concerns of slowing global growth. Today conditions have calmed. Central banks around the world are dovish, including in the US, where the Fed moved to make mid-cycle adjustments in the midst of uncertainty and raised chances of extending the cycle. Likewise, around the world central banks seem accommodative with negative interest rates prevailing in several key countries around the globe. The US and China have apparently reached a Phase I trade deal and while the situation is tenuous and large structural hurdles remain in the areas of intellectual property, leaders of both countries seem to be more motivated to move toward more substantial agreements into 2020. With this backdrop, conditions appear favorable for economic

Economic Commentary: Q1

By Lineweaver Financial Group
January 07, 2020 Category: General, Economic Commentary

Our reference to the classic Toots and the Maytals song comes as we see a de-escalation in trade tensions with China, diminishing risks of a no-deal Brexit and few signs that the record U.S. economic expansion is ending or reversing. Still, persistent trade uncertainty is denting business confidence and spending, particularly the longer-term risk of an unravelling of the global supply chain. Our take on the major investor themes for the weeks ahead: U.S. Equites: Sector Steering Defensive sectors have outperformed cyclicals this year against a backdrop of slowing growth and falling interest rates. However, we expect central bank easing could provide a floor for growth in the coming months. Among cyclicals, we remain constructive on technology, while we prefer less rate-sensitive sectors. Developed Markets: Winter of our discontent? Trade uncertainties and slowing growth have taken a toll on developed world stocks outside the United States. But not all DMs are created equal, and

Looking Forward and Giving Back

By Lineweaver Financial Group
January 06, 2020 Category: General

As most of you know, we have partnered with Harvest for Hunger since 2012, collecting food for the Cleveland Foodbank. Since partnering with Harvest for Hunger and the Cleveland Food bank in 2012, the food collected at our WealthWATCHSM programs, client appreciation, and other events has provided more than 43,000 meals. Thanks to all of our clients and friends who have helped us reach this amazing milestone. This year, we also had the unique opportunity to partner with Ben Curtis, the 2003 British Open Champion, and the Ben Curtis Foundation. Bens Foundation provides similar services to the food bank, but works exclusively with children in need in Kent, Ravenna, and Barberton. One in five children struggle with hunger, and Ben and his foundation are able to help more than 2,440 children in our own backyard. We also had the opportunity to partner with former Browns Coach Sam Rutigliano, and his Inner Circle Foundation. Coach Sams Foundation, a member of the International Literacy Association,

The New SECURE Act: 2020

By Lineweaver Financial Group
January 06, 2020 Category: General

We know that many people enjoy the HealthWatch segments, and dont worry, theyll be back next quarter. This quarter, however, we had a unique opportunity to update you about the SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement, and was signed into law by President Trump on December 20th. There are 29 provisions to the new law, but here are the top five, which we think are most likely to affect people. 1. The Act changes the age for Required Minimum Distributions from 70 to 72, which will allow additional time for IRAs to grow. 2. Allows contributions to traditional IRAs after age 70, which will help people who want to work longer to continue to contribute to their IRA. Coupled with number one, these can both help you grow your money for longer. 3. The Act also allows for expanded benefits for part-time employees, and means that long-term part time employees may now be eligible for employer qualified plans like 401(k) plans. 4. It also allows

Foresight is 2020: Year-End Tax Planning and Beyond

By Lineweaver Financial Group
December 27, 2019 Category: Tax Planning, End Of Year Taxes, Taxes

It can be challenging to think through all the tax planning you need to do by the end of the year. Theres a lot to consider, and although it may seem early to think about taxes, now is the perfect time to make changes for tax filing after the new year. I always tell my clients, call me well before the new year, so we have time to plan ahead. After the new year, theres nothing you can do about last years taxes. One of the strategies our clients find most helpful are bunching deductions. Essentially, that means accelerating your write-offs into one year to try to get above the standard deduction. That was a challenge for many people last year since it was the first time for all of us filing under the Tax Cuts and Jobs Act of 2017, but this year the only change is a slightly increased standard deduction over last year - $24,400 for Married Filing Jointly, and $12,200 if youre single. And, by bunching charitable gifts, medical expenses, or even your state and local taxes into one year,

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