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Social Security Explained 09.07.2021

Imagine you are offered a job, and you are counting on it to provide income for you and your family for many, many years. But you didn’t ask about 1.) starting date, 2.) salary, nor 3.) benefits.

Now, change “job” to “Social Security” and you get a sense of the general lack of knowledge many Americans have about this bedrock retirement income stream.

Are you, or will you be, eligible for Social Security benefits? Do you have concerns about the solvency of the Social Security system? Are you confused about when to start taking your social security benefit—about whether to take it early or wait? Are there things you don’t understand about spousal benefits? You aren’t alone.

Towerpoint Wealth is a boutique wealth management firm in downtown Sacramento. In this post, Towerpoint’s CEO, Joseph Eschleman, will help you answer these important questions about your social security benefits.

Social Security is an essential retirement income stream for many Americans, and it is also a confusing, complicated, and evolving system, one that is next to impossible to properly navigate without a complete and thorough understanding of the rules. Importantly, knowing when to take Social Security —claiming your Social Security benefits at the RIGHT TIME—means SIGNIFICANTLY more money in your pocket.

With this post, we seek to accomplish three things: 1.) social security explained 2.) review a number of important yet oftentimes misunderstood filing strategies, and 3.) discuss what lies in store for the future of the $2.9 TRILLION Social Security trust fund.

Social Security Benefits 101

Back in 1935, President Theodore Roosevelt signed the Social Security Act, creating a social insurance program designed to give older Americans an additional income stream in retirement. Current American workers pay Social Security taxes to provide benefits to those who are eligible to receive Social Security right now.

Typically, the amount you receive from Social Security will increase or decrease based on when you elect to claim your benefit, relative to what is known as your FRA, or full retirement age. When you were born will determine what your FRA is. If you were born between 1943-1954, your FRA is 66. If you were born after 1954 but before 1960, the FRA gradually climbs from 66 towards 67, based on the year you were born, increasing two months every year. For example, if you were born in 1956, your FRA would be 66 + four months. Lastly, and much more simply, if you were born in 1960 and beyond, your FRA is 67.

To be eligible for Social Security benefits, you must earn a minimum of 40 “credits” throughout your working career. You can earn up to four credits a year, so it takes a minimum of 10 full years of work to qualify for Social Security.

Your specific Social Security benefit is computed based on the 35 calendar years in which you earned the MOST money. You can increase your Social Security benefit at any time by replacing a low, or zero, income year with a year in which you earned a higher income. Importantly, Social Security benefits do have a maximum, depending on the age you retire. For someone at full retirement age (or FRA), the maximum monthly benefit is $3,113 in 2021. If you wait until age 70 to file, the maximum monthly Social Security benefit amount is $3,895.

Social Security protects you against inflation through what are known as cost of living adjustments, or COLAs, which help beneficiaries keep up with ever-increasing living expenses. This inflation protection is extremely valuable, especially in today’s inflationary environment. While the Social Security COLA for 2021 was “only” 1.3%, many estimate that the COLA in 2022 could be higher than 6%!

When to Take Social Security – Social Security Explained

Now that you better understand how Social Security works, let’s discuss optimizing when and how to take it. Many people have multiple sources of income in retirement, which can impact the decision about when to claim Social Security. This is an extremely important decision, and here at Towerpoint Wealth, it is one that we work closely with our clients to get right, as there are a myriad of variables, rules, and assumptions that must be accounted for when developing a customized strategy for yourself.

You are allowed to begin collecting Social Security as early as age 62, but taking your benefit early will result in a major haircut, reducing your benefit by as much as 25 or 30% as compared to waiting until you reach your FRA. Obviously waiting until your full retirement age will result in receiving 100% of your earned benefits, but importantly, you can also choose to delay claiming your Social Security benefit, all the way to age 70 if you would like.

Should I wait to take Social Security?

There is a big economic incentive to waiting, as your monthly Social Security benefit will grow an additional 8% (!) a year until age 70. Add in any cost of living adjustments, which also are included if you wait, and the financial incentive to delay claiming Social Security becomes even greater. With certain Towerpoint Wealth clients, we will set up a supplemental, or “bridge income” plan, and have you temporarily withdraw more money from your nest egg for just a few years to allow your Social Security benefit time to grow larger. Additionally, waiting to claim your Social Security income can benefit your heirs, as a higher earning spouse can ensure their lower-earning spouse will receive a higher survivor benefit in the event the higher-earning spouse dies first. Not always fun to talk or think about, but life throws us lots of twists and turns that need to be considered.

Some individuals implement what is known as a “split strategy” in which the higher wage earner waits to take their benefit, but the lower wage earner claims their Social Security early, getting cash flowing into the household sooner, and yet ensuring that whoever outlives the other will receives the highest possible survivor benefit.

Children, family, and divorcee benefits

Additionally, unmarried children can receive Social Security benefits if they are younger than age 18, or between 18 and 19 and a full time student, or 18 or older with a disability that began before age 22. To get benefits, a child must have a parent who is disabled or retired and entitled to Social Security benefits; or a parent who died after having worked long enough in a job where they paid Social Security taxes. Benefits stop when your child reaches age 18 unless your child is a student or disabled.

Within a family, a child can receive up to half of the parent’s full retirement or disability benefit. If a child receives Survivors benefits, he or she can get up to 75 percent of the deceased parent’s basic Social Security benefit.

Widows and widowers are also eligible for Social Security benefits, as are divorcees. Just like a regular spousal benefit, you can get up to 50% of your ex-spouse’s benefit, or less if you claim early, before full retirement age.

Is your head spinning yet??

You can reverse your Social Security claim

Complicating things further, you can always “take a mulligan” and undo a Social Security claiming decision, and while Social Security benefits were tax free prior to 1984, they aren’t anymore, and you will have to pay federal taxes on your Social Security benefit. For those who are upper middle income or upper income, 85% of a security benefit is taxable, and 15% is tax free. Additionally, 13 states also assess state income taxes on benefits.

Social Security Solutions

Now, it is no secret that the Social Security system is stressed and is facing challenges. With the COVID-19 pandemic causing record-high unemployment, coupled with many people retiring or changing careers, there are fewer people paying into the system now than ever, and estimates that Social Security will run out of funds even faster than projected even two years ago have created large concerns.

However, it is very important to realize that changes to the system have occurred regularly since its birth in 1935, and politicians, while reticent to make difficult decisions until they absolutely have to, have consistently drafted legislation to address these Social Security financial problems and economic shortfalls. And here at Towerpoint Wealth, we feel that our elected leaders have quite a few options at their disposal: 1.) Increasing the Social Security, or FICA, payroll tax. Currently, each worker pays 6.2% and the employer also pays 6.2%, for a 12.4% total payroll tax. Increasing this tax, while not popular, is always an option to shore up the system. 2.) Increasing the FRA, or full retirement age, for younger workers, has historical precedent and could be politically attractive to provide economic support to the Social Security system. 3.) Instead of tying Social Security COLA benefit increases to the consumer price index, or CPA, the government could make a shift to what is known as the “Chained CPI,” which reduces the amount a benefit will go up over time, and 4.) our politicians could always increase the earnings CAP on Social Security taxes.

Currently, the limit on the amount of earnings subject to Social Security taxes is $142,800. If the cap were fully removed, the Social Security system would be fully solvent. President Biden’s tax plan proposes a donut hole for Social Security taxes, where the first $142,800 is taxed, as well as any income over $400,000. Needless to say, it remains to be seen what solutions will be implemented, but fortunately the government has a number of arrows in its quiver to address these shortfalls. Bottom line – if you want to take Social Security early, we strongly encourage you to consider two things: 1. “The system is going bankrupt” is a poor reason for doing so, and 2. The pay raise that you earn by waiting is compelling.

Reach out to Discuss a Sound Social Security Strategy

Ensuring that you have a sound and well thought out Social Security claiming strategy can literally mean hundreds of thousands of additional dollars in benefits in your pocket. Please share this article with your friends who are thinking about Social Security. And please, email us at to begin a conversation about developing an optimized strategy for you, to determine the best year and month for you and/or your spouse to begin claiming your Social Security benefit.

Joseph Eschleman, CIMA®, Certified Investment Management Analyst, CIMA®

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Worried About The Obscurity of YOUR Social Security? 07.30.21

Imagine you were offered a job, and were counting on it to provide income for you AND your family for many many years. BUT, you didn’t ask about 1.) the starting date, 2.) the salary, nor 3.) the benefits!

Now, change ‘job’ to ‘Social Security’ and you get a sense of the general lack of knowledge many Americans have about this bedrock retirement income stream.

However, why is the very foundation of retirement security for millions of Americans so confusing? When should you take your Social Security benefit? Early at 62? At normal retirement age (NRA)? Delay and take it at 70?

Social Security Benefits waiting until 70

Do you have concerns about the solvency of the Social Security system (hint: as long as workers and employees pay payroll/FICA taxes, it’s not going anywhere), and how that might affect your benefit?

Social Security Explained system

Have you heard of Social Security spousal benefits and survivor benefits, but not sure you understand how they work?

Social Security spousal benefits survivor social security benefits

Social Security Explained | Other FAQ’s about Social Security include:

  1. What exactly is Social Security?
  2. When am I eligible for Social Security?
  3. How is my eligibility determined?
  4. How much do I pay in to the Social Security system?
  5. How much will I get from Social Security?
  6. What happens to my Social Security benefit if I still work?
  7. Do I owe taxes on my Social Security income?
  8. How do I qualify for Social Security disability benefits?
  9. What is the average Social Security benefit?
  10. What will COVID-19 do to Social Security?

Still confused? Have more questions? Hungry for clear answers? Found below is a simple educational video we just produced, designed to break down the complicated topic of Social Security, specifically arranged in a digestible and easy-to-understand format.

Click HERE to watch the video!

Towerpoint Wealth social security explained

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Understanding it is an imperfect system, Social Security continues to be a central and essential component of the retirement income planning and optimization we do with virtually all of our clients at Towerpoint Wealth, with literally hundreds of thousands of dollars at stake depending on how you claim it.

What’s Happening at TPW?

Most of the Towerpoint Wealth team spent some time earlier this week prepping new backpacks full of back-to-school supplies we purchased for low income and homeless students in the greater Sacramento area.

Cheers and thumbs up to Jesuit High School here in Sacramento for coordinating this program, as it is enjoyable to do little things like this to give back and help our local community.

Towerpoint Wealth Backpack Packing for jesuit high donation 7_27_2021

Happy 37th birthday on Wednesday to our smart, YOUNG, fun, sincere, affable, and hard-working Partner, Wealth Advisor, Jonathan LaTurner. Jon’s amazing birthday dinner was held at Canon | East Sac, and his amazing birthday cakes were prepared by Freeport Bakery – mmmmm!

Towerpoint Wealth Partner Wealth Advisor Jonathan LaTurner

Graphs of the Week

Some say low interest rates, a perennial shortage of housing supply, and the new geographic mobility of would-be homebuyers all mean the white-hot real estate market has more room to run (click HERE to watch an excellent TPW-produced video on this subject).

Others believe the OPPOSITE – that soon-to-be rising interest rates, artificially-high prices, the end of mortgage forbearance and foreclosure moratorium programs, and the divergence between home prices and wages all portend an upcoming end to the massive residential real estate bull market.

What do you think is going to happen to home prices over the next 12 months? Click HERE to message us and let us know your thoughts!

More room to run for home prices?

interest rates home prices

or the end of the road for price increases?

Price increase home divergence

As the 24/7 news cycle churns, twists, and turns, there have been a number of trending and notable events have occurred over the past few weeks:

As always, we sincerely value our relationships and partnerships with each of you, as well as your trust and confidence in us here at Towerpoint Wealth. We encourage you to reach out to us at any time (916-405-9140, with any questions, concerns, or needs you may have. The world continues to be an extremely unsettled and complicated place, and we are here to help you properly plan for and make sense of it.

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– Joseph, Jonathan, Steve, Lori, Nathan, and Michelle

Towerpoint Wealth Sacramento Independent Financial Advisor
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NEW Rules to Ensure That Your Retirement is SECURE? 07.09.2021

Here we go! “How much do I need to retire? How much in retirement savings should I have?” – two questions virtually all of us have asked ourselves as our non-working, non-earning years draw closer.

If (or perhaps we should say WHEN) the Secure Act 2.0 becomes law, many pre-retirees will have a myriad of additional new options and opportunities to save and invest for retirement, and to build and protect their net worth. And while there is no such thing as a “sure thing” in Washington D.C., the Securing a Strong Retirement Act of 2021 has bipartisan support, and was approved unanimously by the House Ways and Means Committee just over two months ago.

What is changing, and what kind of new net worth building and retirement saving options and opportunities will be available? Click the link below to watch an engaging six-minute educational video that we just recently published, featuring our President, Joseph Eschleman, *jam-packed* with information highlighting six MAJOR ways your retirement savings plan may change (for the better!) if the Secure Act 2.0 becomes law:

Click HERE to watch Joe’s video.

Build Wealth Joseph Eschleman Secure Act 2.0 You Tube Retirement Savings

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“How much savings do I need for retirement?” is a question we look forward to helping clients, colleagues, and friends (i.e., YOU) succinctly and tangibly answer. We specialize in retirement income planning, and – understanding how unique everyone’s personal and financial circumstances are – we encourage you to click HERE to contact us and begin a no-strings-attached dialogue about how to answer this important question for yourself.

Shifting gears, the June 23 cryptocurrency/Bitcoin webinar we hosted along with our partners at Eaglebrook Advisors was extremely well-received. Please click on the story tile below to read Eaglebrook’s latest white paper, Bitcoin’s Role in Model Portfolios, and if you missed our 6/23 webinar…Click HERE to watch the replay!

Bitcoins Role in Model Portfolios

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What’s Happening at TPW?

Our President, Joseph Eschleman, and Director of Tax and Financial Planning, Steve Pitchford, couldn’t be happier being vaccinated and getting back out to spend IN PERSON face-to-face time with a number of important Towerpoint Wealth clients and colleagues!

Joseph and Steve Shaffer in downtown Davis, CA

johnny and dorace lynch joe Towerpoint Wealth Sacramento Wealth Management

 Joseph, Dorace Lynch, and Johnny Lynch in Vacaville, CA

bill kendall and nancy kendall meeting with steve and joe retirement savings

Joseph, Nancy Kendall, Bill Kendall, and Steve in Elk Grove, CA

Cartoon of the Week

As the cartoon below illustrates, inflation is not always immediately visible, and not always “feelable” (although if you have purchased a tank of gas, a new home, or a new or used car lately, your wallet has certainly felt it!) and its insidious nature can be quite problematic when investing to grow your net worth. Trying to answer the question “How much do I need to retire?” cannot be done without considering the impact that inflation will have on the cost of your future retirement lifestyle.

inflation and summer of recovery

At Towerpoint Wealth, we feel that avoiding risk when investing (i.e. prioritizing that your nest egg and retirement funds do not fluctuate up and down in value) by focusing on owning CDs, money market funds, and cash “safely” in the bank, is akin to letting inflation peck away and erode your net worth. We believe that “risk,” in and of itself, is not a bad thing – it is one of the few variables we have direct controlover. The binary question of “if” risk should be taken is inappropriate in our opinion – instead, we believe that evaluating, measuring, and justifying exactly howmuch and/or what level of risk should be taken is the more important consideration.

Highlighted by the deterioration in value (in REAL dollars) that “safe” investments can and oftentimes do experience due to inflation (and income taxes), it is important to understand that both “safety” and “risk” are relative terms, and to think critically about both concepts when developing, implementing, and managing a customized financial, investment, and retirement plan and strategy.

first class mail Stamp cost

In addition to new legislation and inflation gyration, a number of trending and notable events have occurred over the past few weeks:

As always, we sincerely value our relationships and partnerships with each of you, as well as your trust and confidence in us here at Towerpoint Wealth. We encourage you to reach out to us at any time (916-405-9140, with any questions, concerns, or needs you may have. The world continues to be an extremely unsettled and complicated place, and we are here to help you properly plan for and make sense of it.

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– Joseph, Jonathan, Steve, Lori, Nathan, and Michelle

Towerpoint Wealth Sacramento Independent Financial Advisor
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Will Who We Elect Make the Market Correct

It’s right around the corner, and it isn’t going to be pretty, so let’s discuss the election’s impact on the stock market now and get it out of the way.

For a good part of this calendar year, we have counseled you that it is prudent to give advance thought to the range of potential economic, regulatory, taxation, spending, budget deficit, societal, and financial market implications of the national election results, depending on whether Republicans or Democrats win one or more of the White House, the House of Representatives, and the Senate

After Labor Day, the campaign is likely to reflect increased amounts of political vociferousness, perhaps some degree of vehemence, and even apportionments of vitriol (we hope and pray not too much), with the potential to cause meaningful shorter-term shifts in financial asset prices. That is precisely why we recommend forming beforehand, and sticking to, a well-reasoned and disciplined asset allocation plan and investment strategy tailored to your personal and financial circumstances, time horizon, objectives, and temperament.

November 2020: The 59th Quadrennial Presidential Election

September, October, and then, the Election: With the VIX volatility index (see the Graph of the Week below) having risen an average of four points ahead of each of the last seven presidential elections since this measure was created, important issues to consider in the upcoming weeks ahead include:

  • How clearly (and energetically) each political party’s convention message was received, perceived by, and responded to by their respective loyal voter bases;
  • The nation’s reactions to the anticipated three presidential debates and one vice presidential debate;
  • Assessments of the strength of party identification among various segments of the voting population, as well as in the composition of the overall electorate; at the same time, taking into account the ability of each ticket to generate serious backing from less-supportive voter populations; 
  • Which candidate voters (considering demographic attributes, where they live, how they classify themselves on the political spectrum, and other characteristics) think can better confront America’s broad challenges, including the coronavirus pandemic, the economy, social issues, and pressing global concerns;  
  • The effectiveness of voting procedures, trust in mail-in balloting, the degree of putative social media and foreign-based election interference, actual voter participation, and the perceived veracity and legitimacy of the results; and 
  • The potential consequences of prolonged uncertainty associated with a contested election (should it occur) for social order and the financial markets.

Some Implications of Potential Scenarios

Roughly one in five workers are currently receiving jobless benefits, and early expectations of a V-shaped recovery have been hindered by renewed coronavirus outbreaks. Regardless of who wins the 2020 election and in what manner, financial asset valuations appear to be reflecting expectations that whenever the coronavirus pandemic ends, some degree of economic acceleration is likely to take place in the U.S.

As we have counseled for some time, it is important to devote thought and attention to the taxation, regulatory, economic, asset allocation, and investment strategy implications of the three leading potential electoral outcomes outlined below (while noting that both political parties have expressed interest in promoting the development of generic drugs, lowering drug prices, and containing healthcare costs; and the two parties have also been focusing on antitrust, platform liability, and privacy issues relating to many of America’s biggest technology enterprises):

  1. If President Trump is re-elected and wins the White House, Democrats keep control of the House of Representatives, and Republicans keep control of the Senate, such an outcome would likely favor securities in the following sectors: technology, defense, finance, healthcare, and energy, while potentially putting pressure on sectors and companies that could be harmed by further deterioration in  U.S-China relations;
  2. If Vice President Biden wins the White House, Democrats keep control of the House of Representatives, and Republicans keep control of the Senate, such an outcome would likely favor companies and sectors that would be deemed to have thereby avoided increased taxes and a heavier regulatory burden;
  3. If Vice President Biden wins the White House, Democrats keep control of the House of Representatives, and Democrats take control of the Senate(sometimes referred to in the media as a “blue wave”), such results would substantially raise the odds of higher taxes. Offsets to the latter outcome could come in the form of substantial additional spending on infrastructure, education, and healthcare. Securities in the following sectors, among others, are perceived to be disadvantaged by a “blue wave” Democratic sweep: defense, healthcare, financials (via increased regulation) and energy (with expectations of restricting fracking and limiting drilling on federal lands in Texas/New Mexico’s Delaware Basin and Southeast Montana/Northeast Wyoming’s Powder River Basin), while giving a lift to sectors and companies that could be helped by improving U.S-China relations.

The Pre- and Post-Election Tax and Spending Outlook

As shown in the panel below, the current taxation and spending policy positions of Vice President Biden contain numerous base-broadening elements that increase taxes by approximately $4 trillion, while increasing spending to the tune of approximately $6 trillion in areas including healthcare, infrastructure, education, energy research, and other initiatives.

Released on Wednesday, July 9, the 110-page report of the Unity Task Forces (created and staffed by individuals designated by Vice President Joe Biden and Senator Bernie Sanders) contains a detailed set of policy recommendations in six domestic policy areas: 

  1. Health care (while not supporting Medicare for All, the report proposes a public option, a government-administered plan “like Medicare” that would be available to all Americans; on drug pricing, the report recommends appointing a government board to set prices that Medicare would pay for new drugs);
  2. The economy (with $400 billion pledged for procurement of domestically made goods and $300 billion to support high-tech research);
  3. Climate change (here, a total of $2.0 trillion over four years is earmarked to shift millions of jobs into clean energy, with the goal of cutting emissions from power generation to zero by 2030, having net zero emissions by 2050, and introducing new fuel-economy standards);
  4. Criminal justice (proposing reforms to law enforcement and policing practices);
  5. Education (including universal preschool for three- and four-year-olds, at a cost of $775 billion over a decade), and 
  6. Immigration (proposing to end travel restrictions against 13 countries, and to maintain protections from deportation for approximately 700,000 young immigrants known as “Dreamers”).

Should Vice President Biden win the White House, financial asset prices in general, as well as specific industries and companies, are likely to be affected by the speed and degree to which the new Administration and Congress (whose degree of support depends on which party controls the House of Representatives and which party controls the Senate) might be able to implement priorities in these and other areas.

For further granularity, the following panel sets forth eight elements of personal taxes and four elements of corporate taxes: (i) under the current U.S. tax regime, which would not currently be expected to change much under President Trump (although the President has endorsed the idea of payroll tax reductions; tweeted about a potential capital gains cut; and vowed to extend the Tax Cuts and Jobs Act of 2017, which capped the so-called SALT (State and Local Tax) deduction at $10,000); and (ii) as currently outlined as taxation policy under a Biden administration.

Given that the process of turning taxation proposals into law takes time, it is likely to be at least June 2021 for new tax legislation to be enacted. On several aspects of tax planning (including the timing and forms of income and expenditures; tax gain-loss harvesting; and retirement, estate, and gifting strategies), it may be sensible to postpone any major moves until a judicious assessment can be made of the makeup of the post-election government and its specifically-expressed legislative agenda.

Regardless of the fireworks, and ultimate outcome, of the election, we will always believe that good, well-run, profitable companies will remain good, well-run, profitable companies, independent of a Trump or Biden win.

What’s Happening at TPW?

Happy to have him aboard, contributing, and part of the Towerpoint Wealth family, the TPW team has been indoctrinating Matt Regan a.k.a. “the new guy,” over the past two weeks:

Our new Wealth Advisor, Matt Regan, connected with our President, Joseph Eschleman, and our Partner, Wealth Advisor, Jonathan LaTurner, for an enjoyable business lunch at the historic Sutter Club in downtown Sacramento earlier this week.

Our President, Joseph Eschleman, and his wife, Megan Eschleman, hosted Matt and his lovely wife Alyssa for an enjoyable evening of tri-tip, corn on the cob, chicken skewers, and Frank Familycabernet.

TPW Service Highlight – Social Security Optimization

Many investors are not prepared for retirement, and have not properly planned for how to structure their post-retirement income. With the popularity and availability of pension plans quickly waning, and rock bottom interest rates making it difficult to derive enough interest income from bonds, the importance of Social Security has never been greater.

Through careful planning and the development and utilization of a custom Social Security optimization analysis, our aim at Towerpoint Wealth is to help our clients structure a plan to ensure that they are not leaving any money on table when it comes to their Social Security benefits. According to the Annual Statistical Supplement to the Social Security Bulletin, 70% (!) of all retired workers started taking benefits before their normal retirement age. For some this may make sense, but for many, this will result in the forfeiture of tens, if not hundreds of thousands of dollars over their lifetime.

Let us help you scientifically analyze the myriad of Social Security claiming strategies available to you, and develop a customized plan to ensure you have properly maximized this hugely important retirement income benefit.

Graph of the Week

The market anticipates some pretty incredible fireworks (as we probably all do) leading up to November’s elections. With Joe Biden’s lead over President Trump drifting lower since the late summer, there is now even more expected volatility around Election Day, and things almost assuredly will only heat up further as we get closer to November.

The graph below reflects the historical activity and pricing of the VIX, a popular index that measures future stock market volatility, used by investors to hedge against it. Currently, November’s election is the most expensive event risk on record. With many more absentee and mail-in ballots expected to be cast in this election, the possibility certainly exists that we do not know who the winner is on Wednesday, November 4.

Quoting Cameron Crise, Bloomberg macro strategist, “In the history of VIX futures contracts, we’ve never had an event risk command this sort of premium… That obviously suggests that markets anticipate some pretty incredible fireworks.”

Don’t say you haven’t been warned, keep your seatbelt firmly buckled, and most importantly, don’t be surprised nor overreact to the upcoming craziness!

As always, we sincerely value our relationships and partnerships with each of you, as well as your trust and confidence in us here at Towerpoint Wealth. We encourage you to reach out to us at any time (916-405-9140, with any questions, concerns, or needs you may have. The world continues to be an extremely complicated place, and we are here to help you properly plan for and make sense of it.

– Nathan, Raquel, Steve, Joseph, Lori, Jonathan, and Matt

Towerpoint Wealth Team : Sacramento Financial Advisor