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you deserve to“Because
Know
WEALTH ADVISORS
Millennial Group
Staying connected to the fr iends of Mil lennia l Group. Summer 2012 Issue 2, No. 2
By Tom Presper, CFP®
• Internetguidance,whichincludesalistofaccountsyouaccessviatheweb(suchasbankaccounts,creditcards,email,investmentstatements,etc.)andtheusernamesandpasswords.
• Estateplanningrecordssuchaswills,trusts,durablepowerofattorney,powerofattorneyformedicalandlivingwill.
• Personalpaperssuchassocialsecuritycards,birthcertificates,militaryrecords,andmarriagecertificate.
• Taxrecords.Keepatleastthelastthreeyears’ofreturnsandsupportingdocumentation.
• Propertyrecordssuchasdeeds,titles,surveys,titleinsurance,andmortgageinformation.
• Insurancepolicies,suchaslife,health,homeowner,auto,etc.
• Ahouseholdinventorythatlistsitemsofsignificantvalue(make,modelandserialnumbers)andanycollectibles,heirloomsorjewelry.
• Adetailedinvestmentinventoryofwhereyoukeepyourmoney:bankaccounts,stockbrokerage,IRA’s,401(k)s,etc.Includingrecentstatementsisveryhelpful.
• Creditcardstatements,ifaccountswillneedtobepaidorcancelled.
• Employeebenefitsinformation,suchasyourhealthinsurance,pension,etc.Evenifyouareretired,theremightbealifeinsurancebenefit.
• ADVDorUSBmemorystickwithabackupofyourharddrivecontainingyourimportantdocumentsisagoodidea.
There is no one-size-fits-all system. Find one that works for you and keep your information up to date. Look for more updates on this topic in the fall, along with other resources we make available for the benefit of our clients. After all, your loved ones deserve to know.
With these words, my father showed me where he kept his important documents. He knew I would eventually need to access them as executor of my parents’ estate.The importance of this discussion was very evident years later as my dad’s mind failed and his body succumbed to Parkinson’s disease. When he and mom needed me the most, I was able to focus on care giving because everything I needed was in order.
My Dad’s Actions Highlight Some Important Points about Personal Records:
• Keeptheminalocationthatissafeandeasilyaccessible
• Useasimpleformatandshowyourexecutoryoursystem
• Establisharegularroutineforupdatingtherecords(everyJanuary,oronyourbirthday,anniversary,etc.)
RECORDS TO KEEP (each in individual files):
• A“readthisfirst”file,whichmightcontainabalancesheetornetworthstatement,alistingofprofessionaladvisors,andpersonalnotestolovedones.
“
HealthyJulie Taylor: In April, Julie completed a class for Life/Accident and Health Insurance and Variable Annuities at Hondros College in Uniontown. On May 4, she passed the Ohio Agent’s Life Accident and Health Insurance examination.
Anna Ford joined Millennial Group in April of 2012 as our Director of First Impressions. Anna recently graduated from The University of Akron with her master’s degree in Spanish. She comes to us from Info Line, where she worked as an Information and Referral Specialist since 2010. She plans to marry her
Educational Event Focuses on Election-Year Financial Concerns
fiancé, Donald Thompson, in August. In their free time, Donald and Anna enjoy seeing musicals and movies and spending time with family and friends. Anna also teaches beginning and intermediate Spanish part-time at The University of Akron.
Volunteerism…A Healthy Approach to a Life Made Meaningful
™
Staff Updates
David Renninger knows the power of community collaboration. A founding member of the Stow Rotary Club, David has always been involved in service projects, both with the Rotary and through his job as an insurance agent. After retiring in 2005, David has made volunteerism a major focus of his retirement.
Today, David remains active in Rotary. He also serves as president of the Stow-Munroe Falls Library Board. He delivers food through the Mobile Meals program and volunteers at the Stow Municipal Court, assisting judges and bailiffs.
“I saw an ad in the Stow Sentry that Mobile Meals needed drivers. I had the
time and offered to help,” he says. “Once a week, I deliver meals to people in our area. Sometimes, I’m the only person they see that day or week – making this ‘job’ very important.”
He enjoys the variety of the experiences gained at the courthouse – from processing paperwork to escorting court members to their locations.
“I’ve always been fascinated with the judicial process,” he says. “This position gives me an up-close view and helps the City of Stow in the process.”
Staying sharpHe regularly visits the fitness center and completes crossword puzzles daily.
Chris Jordan, Millennial Group’s business manager, is adept at managing details. She balances the stress of keeping people and processes organized with photography, a creative hobby and side business she’s pursued since 2003. With her camera in hand, she leaves the orderly world of financial management behind and steps into a realm with few boundaries.
In her home studio, she captures people and things in varying lights and poses. Out of the studio, she enjoys shooting events and nature.
“Perfect Lick”
“I know that staying active and keeping my mind strong is critical to staying healthy as I age,” says David.
A Millennial Group client for approximately 10 years, David has three grown children - Kristine, who lives in Dallas; Jennifer who lives in Portland; and Scott, who lives in Raleigh. He visits them regularly and stays in touch over the phone and online.
“I encourage people to give of their time when they retire,” he says. “Many of us have been very blessed in our careers, and it is a privilege to be able to help others when our full-time work ends.”
Business Manager by Day Becomes Creative Photog After Hours
In April, nearly 100 Millennial Group clients gathered at the company’s headquarters to gain insights into how this year’s election may affect the financial climate in this country and around the world.
Guest speakers Dr. Jay Case, a history professor at Malone University, and Andrew Vermilye, vice president of government relations for Fidelity Investments, shared historical and statistical perspectives on the subject.
“When it comes to the economy, the president gets more blame and more credit than he deserves,” said Dr. Case. “We think presidents can ‘fix’ the economy when it’s broken, but it’s much more complex than that.”
Increased globalization is a concern today, he said. Elections in other countries affect the U.S. much more than they used to. Americans are pragmatists – we want quick action taken, and we (collectively) are much less big-picture thinkers than other western civilizations.
Building on Dr. Case’s historical foundation, Vermilye discussed the challenges of this year’s election.
“Strong partisanship keeps Congress from making any progress before the election,” he said. “Essentially, we’re in a stalemate. And we may be facing government shut-downs due to lack of funding of the federal government.”
Payroll tax cuts, the end of the Bush-era tax cuts and hitting a new national debt ceiling could create a 3+ percent drop in gross domestic product, which can affect consumer confidence and voting results.
Based on current polling, Vermilye says that the vast majority of voters have selected their candidate. The Republicans and Democrats will spend $2 billion to reach the 5 percent of voters who are undecided.
He believes the most significant election topic this year is the economy. “It’s my hope that Congress will be more pragmatic and work together to face our country’s challenges,” he said.
David Renninger
“Photography is relaxing,” she says. “It gives me the opportunity to see things from new perspectives and allows me to be creative, which brings me joy.” The photos on this page are examples of Chris’ talent.
In the near future, her work will grace the walls of the Millennial Group’s Akron office. Stop by and take a peek.
“Flying with Friends”
Dr. Jay Case (left) and Andrew Vermilye gave participants food for thought on upcoming election issues.
JeSS HurST:Jess’ son Zach just finished his freshman year at the University of Akron and will be a summer intern at Millennial Group.
Son Shane completed his junior year at Cornerstone University and will be performing in “The Drowsy Chaperone” at Weathervane Playhouse. He will play Daddy Warbucks in Weathervane’s production of “Annie.” He is the choreographer for CVCA’s summer theater camp.
Tom PreSPer:Tom’s daughter Briana recently graduated from the University of Tennessee with two master’s degrees – one in public health and the other in the science of nutrition. She passed her Registered Dietician exam last month and now works for a county health department in the Knoxville, TN area.
Lydia graduated from St. Vincent’s/ St. Mary’s in June and will attend
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Phone: 330.374.1616
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WEALTH ADVISORS
Millennial Group
Life made meaningful.™
October 2: Fall Clean Up! Clean out your files and piles and bring your confidential – and not–so–secret – stacks of paper for our fall shredding event. While you discard some extra stuff from your home, you will enjoy some “shredded” BBQ sandwiches and refreshments. You’ll also gain some organizational tools to help you keep all your important documents in order.
Other Millennial Group News
Securities and Investment Advisory Services offered through Multi-Financial Securities Corporation • Member FINRA/SIPC
Millennial Group is independent of Multi-Financial Securities Corporation.
Upcoming Events!Duquesne University in the fall to study nursing.
madeline graduated from John Carroll University in May and will work for the next year at Pulse Pittsburgh doing service/ministry work before starting her master’s degree in the fall of 2013.
Hillary will complete her second year of service work at Mercy Works, where she helps kids involved in gangs. She will begin her master’s degree program at The University of Chicago in the fall.
DAN SCHoNHoFT: Dan’s daughter Jenny and her husband Matt welcomed their first child, Nora Jo, on June 12. Proud dad Matt said, “She is a beautiful girl. She even has salon-quality fingernails.” Matt, Jenny and Nora now reside in Green, just a 10-minute drive for the grandparents.
Dan’s sons, Brad and JD, are taking him to Las Vegas for a golf trip – he’s thrilled to go.
