Professional Documents
Culture Documents
IN THE BLACK
In The Black (adj): 1. describing a financial statement that ends with a positive assessment. The term
derives from the color of ink used to enter a profit figure on a financial statement.
VOL. 1 ISSUE 1 WWW.OWRSFIRM.COM FALL 2015
MEET THE
PARTNERS
DONT DIY
DENVER
D.C.
CHARLOTTE
RICHMOND
KYLE ODELL
Managing Partner, Investment
Advisor Representative
Former president and founder of
Based in the Washington, D.C. area, Kyle spends most of his time
working with the military, federal employees, politicians, and
business professionals. His fifteen years of experience as a retirement
advisor focuses specifically on cutting-edge strategies which reduce
future income tax liabilities, grow clients wealth and provide lifestyle
security.
KYLE WINKFIELD
Managing Partner, ChFEBCsm,
Investment Advisor Representative
Former president and founder of
With over 20 years of industry experience, Joe has seen it all, especially
when it comes to the biggest retirement planning mistakes. During
the pivotal planning years, most financial planners focus on asset
accumulation and save the retirement talks for later down the road.
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(c o n t i n u e d f ro m p g 2)
JEREMY SHIPP
Managing Partner, CLU, RICP,
Investment Advisor Representative
Former president and founder of
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Back-to-School Budgeting
Retirement-Planner Conundrum: Is It
Time To Pull Away From the Market?
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YO U R R E T I R E M E N T I S O U R F OC U S
One of the best things about celebrities is that they live their lives
so publicly that, hopefully, the rest of us can learn from their
mistakes. When it comes to famous people who mismanaged
their considerable estates, regrettable stories abound:
#3
If, for example, you write out a will leaving your whole estate to
your cat BUT your former wife is still listed as the beneficiary on
your 401(k), your ex-wife will get the cash in that 401(k) account.
#4
#1
Attorneys are often a vital part of this process but are not
equipped in many financial matters. You need a team led by a
financial professional.
Dont compromise the quality of your later years. Dont shortchange the people you love. Lets meet and talk about your good
intentions.
#2
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YO U R R E T I R E M E N T I S O U R F OC U S
When
You
Cashed
Out
Retirement Savings to Pay for
College: Retirement savings are just that
- money saved for retirement. You may
not have wanted to send your child into
the world saddled with college loans, but
they have their entire lives to manage
their financial obligations, whereas your
retirement savings definitely have a due
date. There are multiple ways to finance
education without jeopardizing your
retirement; working with a financial
advisor on your college payment options
could have saved your retirement
lifestyle from self-sacrifice.
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employees.
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UPCOMING EVENTS
Look for the upcoming December release of What You Dont Know About Retirement Income Will Hurt You, a collaborative
book with well-known authors, Jack Tatar and Dan McGrath, featuring chapters by Kyle ODell and Kyle Winkfield.
Richmond, VA Events
Charlotte, NC Events
10/27/15 S. ocial Security Optimization Seminar | 6:15 pm | Maggianos SouthPark
10/29/15 S. ocial Security Optimization Seminar | 6:15 pm | Maggianos SouthPark
1/20/16 ...........Federal Benefits Seminar | 8AM-1PM | 5950 Fairview Rd. Suite 110
For more information regarding Charlotte events, email info@owrsfirm.com
Denver, CO Events
Public Workshops for Denver office .....................................................................TBD
For more information regarding Denver events, email info@owrsfirm.com
email npoblete@owrsfirm.com
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SENIOR RELATIVES
By Jeremy Shipp
Wait, mom did what with her money?
Such a question has been uttered
amongst siblings many times over, and it
will continue to be asked more and more
with the aging demographics of our
society. Too many times adult children
find out about an ill-advised financial
decision by an elderly mom or dad only
when its too late to do anything about.
I work with adult children every day
who tell me, I just wish mom would
have asked me before she went and did
(fill in the blank). So this month I want
to focus on ways to avoid some of the
most common financial pitfalls that I see
elderly Virginians making.
We have to start by talking. Period. We
have to open a dialogue and make it
okay to talk about money issues with
our family members, whether those
issues be good or bad. This is crucially
important as people get close to the third
phase of their financial lives, the spenddown phase. This is the phase that most
people reach when their expenses, often
medically related, start to outweigh their
income.
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TO MAKE BETTER
FINANCIAL DECISIONS
planning. In many cases the attorney
can draft a specially designed trust to
hold the house and protect it in case
Medicaid is needed for long term
care, while still preserving the stepup in cost basis feature when the
house is ultimately sold. Of course,
you still have the 5-year Medicaid
look-back period with which to
contend
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YO U R R E T I R E M E N T I S O U R F OC U S
WHAT WE DO
We go out into the world of finance to find
the best, cutting-edge products and solutions
to meet our clients specific financial goals.
As an independent firm, we are not restricted
in the products and services that we can offer
to our clientele. We feel that our professional
independence is critical to our ability to
serve our clients best interests.
The variety of options that we can offer as
a result of our independence is one of the
main reasons that prospective clients choose
to join our firm. Once they are educated on
all of their available options, they realize
what they were missing with their previous
investment firm. We feel that the financial
options available to a client should only be
limited to what is available within the world
of finance.
WHY WE DO IT
Most people spend the majority of their lives
trading their most valuable asset - time - for
money (in the form of labor). Why are we so
willing to sacrifice our most valuable asset
in pursuit of money, yet so apathetic when
it comes to preserving, securing, and safely
managing it? This mindset combined with
the disappearing traditional pension plan (all
but phased out with the Greatest Generation)
has our country heading for the biggest
financial crisis since the Great Depression:
The Retirement Crisis. The first wave of doit-yourself retirement planning is upon us
and most people are not getting a passing
grade (see above study).
WHY IT MATTERS
Can we as a country afford to be spectators
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