Welcome to the January 2020 edition of the Enjoying The Journey Newsletter.
In this edition of our newsletter you will learn about:
If there is anything we can do to help you, please call at 408-963-2858, or your advisor Elaine, Scott or Linda, or anyone on the Financial Journey team directly.
After the significant drop in Q4 2018, the US Stock Market rebounded strongly in the early part of 2019. Volatility increased during May through September as the daily news made a trade deal with China looked more and less likely. The rally continued in the final quarter of 2019 to finish the year strong, reaching all-time highs for the major average for the US Stock Market.
You can find out more about our view on this by reading our blog titled “Why is the Stock Market Going Up at the End of 2019?”
We see some of the issues of 2019 carrying over into 2020. Those include continuing uncertainty about the details of a trade deal with China, the ongoing Impeachment Process of President Trump and the 2020 Presidential Election. Yet, if these things get resolved in a positive way in 2020, with an accommodating Federal Reserve, we see the potential for 2020 to be a positive year in the markets. So we have designed client portfolios to be balanced and diversified to be ready to capitalize if positive events happen during the year.
You can find our monthly commentary on the stock market on our website If you would like to get this commentary emailed to you monthly, contact Arielle or your advisor and we will add you to the distribution list.
See our Current 2020 Event Schedule and Save the Dates:
OPEN EVENTS - RSVP with Arielle Today - Come Early for Lunch!
PLANNED EVENTS - Save the Dates
Contact Arielle to RSVP and share your interests with Elaine, Scott and Linda!
We want to thank everyone who completed our Annual Client Survey. If you have not completed it and would like to, there were several emails sent out in November with links to the survey. You can also contact Arielle and she can send you the link.
We asked our clients what topics they would like to learn more about. The most popular topics were Estate Planning, Social Security, Long-Term Care and Medicare and how to use the client portal. We will be sending monthly emails on these topics to the people that wanted to learn more about these topics. We will also have educational seminars on these topics in 2020. See our calendar of events. We have also added some fun events for next year based on your feedback. When we asked our clients why you continue to work with us as your advisor, the most common response was that clients trust us. We are humbled and honored with that answer. We greatly appreciate that and will continue to work hard every day to keep that trust.
If you have family, friends or co-workers that are looking to work with an advisor they can trust, please talk with your advisor Elaine, Scott or Linda, to see if we might be able to help them.
The client survey listed learning more about the client portal as a top area for additional education. So we will have a seminar in January to help clients learn how to master the client portal. All skill levels are welcome.
Date: Wednesday, January 30, 2020Time: Seminar at 1:00 pm. and Lunch at NoonLocation: Financial Journey Partners Office
Please RSVP to Arielle at firstname.lastname@example.org or call her at 408-963-2889.
View our Mastering the Client Portal Seminar Flyer
For those attending, it is important that you are able to log into the site prior to the day of the seminar. If you are unable to log into the site and need help, call Jennifer at 408-963-2884 and she will help you log into the site.
The maximum contributions increased in 2020 for several types of retirement plans. Important changes include:
There are also a few changes to the income limits to determine who can add to their IRAs and Roth. See the chart below for more details.
Download our Retirement Plan Contribution Chart and contact your advisor to discuss.
On December 20, 2019, the SECURE Act was passed into law. This new law includes a number of changes to individual and company retirement plans. Some of the key changes include:
If you haven't already set up a budget in your portal, now is the time to do it!
Simply base your budget on your spending history and use the "Auto-Budget" utility. Don't have a lot of history established? No worries, start with what you have and make simple adjustments.
Give Jennifer a call at 408-963-2884 and she can help you through it. Join our eMoney tip of the month email distribution list. Simply let anyone on our team know and we'll take it from there!
Join Financial Journey Partners for this forum with the League of Women Voters to review changes in the voting experience for Santa Clara County and how to make sure you are counted in the 2020 Census. See our 2020 Voter Experience and Census Flyer. Join us on Thursday, February 6, 1 pm for our Lunch & Learn Seminar.
Join Elaine, Scott and Linda for this exclusive Social Security Seminar with special Guest Speaker, Jennifer Taboada, Vice President at BlackRock. We will cover common Social Security questions on Tuesday, February 11. See our event flyer and plan to join us for lunch at Noon and Seminar at 1 pm.
We wanted to remind everyone of the responsibilities of each of our team members, and who you can call if you have questions. Call any of us directly whenever you have a question.
Elaine Manley, Financial Advisor: 408-963-2854Scott Manley, Financial Advisor: 408-963-2855Linda Tjiputra, Financial Advisor: 408-963-2896Ingalill Skoogh, Client Services: 408-963-2858 (Scheduling appointments, helping with any service issues)Arielle Rowe, Marketing Events Manager: 408-963-2889 (RSVP and any questions about events, creating account forms)Jennifer Michaelsen, Financial Planning Analyst: 408-963-2884 (Financial planning, supporting the Client Portals and insurance analysis)Flavio Pando, Jr, Investment Analyst: 408-963-2877 (Placing trades, researching investments, answering questions about the market)Lynne Houghton, Social Media & Marketing: 408-963-0242, Working Fridays only