Craig Colley
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How to Stay North When the Market Goes South

You’ve heard the expression your whole life, but what does it mean when it applies to your finances? Well to begin with, it’s not good.

Here’s the definition from Dictionary.com​:1

go south

verb phrase
to fall or slide down; to decline; to fall in value

Examples
His golf game is going south.

Usage Note
slang; goes south, going south, went south, gone south

The recent stock market downward corrections in 2018 have millions of active and passive investors nervous… again.


Many experts agree that the nine-year bull market is feeling the giant paws of the bear market clawing into their financial breadbasket.

I concur and believe this is only the beginning.  Here are a few headlines to consider taken directly from Google on Saturday March 24, 2018.2

My personal favorite is the last one stating Losses are part of the game when investing in the stock market”. Maybe it’s just me, but I've always thought keeping my money is always better than losing it. 

Dow closes at 2018 low as trade worries rise - MarketWatch
https://www.marketwatch.com › Markets › U.S. & Canada › Market Snapshot

1 day ago - The benchmark index lost 6% over the week and is down 3.2% year to date. The Nasdaq Composite Index COMP, -2.43% declined 174.01 points, or 2.4%, to 6,992.67 and posted a 6.5% loss over the week. Weekly losses for all three benchmarks were the steepest since January 2016, when markets were ...

Dow drops more than 400 points into correction, posts worst week ...
https://www.cnbc.com/2018/.../us-stock-markets-set-for-a-sharp-fall-at-the-open-amid...

2 days ago - The major averages posted their biggest weekly loss since January 2016. The Dow and S&P 500 dropped 5.7 percent and 5.9 percent this week, respectively, while the Nasdaq pulled back 6.5 percent. "The market has been priced for perfection ... and that leaves the market vulnerable to surprises. In this ...

MARKET SNAPSHOT: Dow Closes At 2018 Low As Trade Worries Rise
news.morningstar.com/...markets/2018032310549/market-snapshot-dow-closes-at-20...

2 days ago - The major averages posted their biggest weekly loss since January 2016. The Dow and S&P 500 dropped 5.7 percent and 5.9 percent this week, respectively, while the Nasdaq pulled back 6.5 percent. "The market has been priced for perfection ... and that leaves the market vulnerable to surprises. In this ...

Dow Jones and S.&P. Slide Again, Dropping by More Than 4% - The ...

https://www.nytimes.com/2018/02/05/business/stocks-equities-dow-markets.html

Feb 5, 2018 - The rule book is now changing, a shift that is sending tremors through the financial markets. The Standard & Poor's 500-stock index fell by more than 4 percent on Monday, deepening its losses from the previous week and erasing its gains for the year. The Dow Jones industrial average sank by 4.6 percent.

Stocks close down, making February the worst month in two years for ...

www.latimes.com/business/la-fi-financial-markets-20180228-story.html

Feb 28, 2018 - Some of Wednesday's drop was due to a slide in the price of oil, which sent energy stocks to the market's sharpest losses. The S&P 500 ... He told Congress that he's more optimistic about the economy, which led some investors to anticipate four rate increases for 2018, up from three last year. Among the ...

This Year's Stock Market Losses Are Normal

awealthofcommonsense.com/2018/03/this-years-stock-market-losses-are-normal/

This Year's Stock Market Losses Are Normal. Posted March 20, 2018 by Ben Carlson. The recent market correction was unusual in how swift it occurred but the magnitude of the losses shouldn't be unexpected for investors. Losses are part of the game when investing in the stock market. This piece I wrote for Bloomberg in ...

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Here’s a picture I took on my iPhone, March 24, 2018. This graph clearly illustrates the current market conditions of the last 3 months.

So how does one stay north when the market goes south?

One solution I can share.
The clients that I have helped with this dilemma have not been concerned from this down turn because they made decisions and acted to protect themselves from market losses. How? Because they re-allocated only what was needed to cover the income gap for projected essential expenses (after focused discussions and strategy sessions) into…

You guessed it, the annuity. That awful, beat up, misunderstood and bullied financial instrument that falls into the monetary hierarchy between savings accounts / Cd’s and the stock market.

Let me first say, annuities are not for everyone and I do not consider annuities to be an investment in a portfolio. After all it is an insurance product and should not be considered anything else. However, when they are positioned to provide stability, protection against loss of principle and reduction of risk in a financial plan, they are unmatched by any other financial instrument.  

Robert Ibbotson, a renowned financial expert agrees. Ibbotson is a 10-time recipient of Graham & Dodd Awards for financial research excellence and a professor emeritus at the Yale School of Management. Today, Ibbotson's latest research validates that uncapped FIAs (Fixed Indexed Annuities) help control equity market risk, mitigate longevity risk, and have the strong potential to outperform bonds in the very near future.

Suze Orman, an internationally acclaimed personal finance expert has been recommending indexed annuities to shield your retirement nest egg from market volatility for some time. In her NY Times best selling book, “The Road to Wealth,” Suze Orman tells readers that “if you don’t want to take risk but still want to play the stock market, a good index annuity might be right for you.”

True, the circumstances of an individual’s life, goals and retirement needs to be identified, discussed and put in order first before even considering an annuity. Before making a judgement call on whether an annuity should be included in your planning process, I always recommend a little education first. To learn more about annuity basics, read this article on my website: What is an Annuity?

This article is not intended to give you all the details, stats, pros and cons of annuities. Its purpose is simply to illustrate a way to help you keep the money you’ve earned and serve as an alternative to gambling away any portion of your nest egg benchmarked for your essential spending.  Depending on your needs, availability of assets and financial goals, annuities if utilized and set up correctly, can provide a guaranteed solution for predictable income that you can’t outlive.

Most people like receiving social security checks and funds received from pensions but rarely think about or acknowledge the fact that they are annuities.

A final note: As with any bull run, your investments are at an all-time high in gross value (minus the recent decline of market value) which translates into higher purchasing power. If in December 2017 you re-allocated of a portion of your IRA, 401k, 403b and or brokerage account into a tax-deferred annuity, it would have would have bought you more then it will today. 

How much longer will you wait to consider these benefits? When you lose another 4%, 6%, 10%? Something to ponder.

Now you know there is a way… to stay north when the market heads south.

As always, retire wisely my friends...

Finding a reputable and trusted partner to assist you with your financial & insurance needs is of vital importance.  I will work hard to find the best programs, coverage and rates that fits your budget and your needs. Contact me at 949-216-8459 or ccolley@coliday.com


Other articles about Annuities:
What Are Annuities?
Alternatives to Low Paying Bank CD’s

Information and materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. The above information is not intended to provide, and should not be relied on for, tax, legal, accounting or investment advice.
Coliday / Craig Colley is not giving any financial advice, is not a financial advisor and is not affiliated, employed or endorsed by the SSA, Medicare.gov. or any other government agency.

1)  http://www.dictionary.com/browse/go-south 2)https://www.google.com/searchq=how+to+stay+north+when+the+market+goes+south&oq=how+to+stay+north+when+the+market+goes+south&aqs=chrome..69i57.47458j0j7&sourceid=chrome&ie=UTF-8 3)graph https://www.nytimes.com/2018/02/05/business/stocks-equities-dow-markets.html

Why can’t we just call the kettle black?

I am in a business that seems to have fallen into the same undesirable, necessary evil, distasteful category as the TSA, lawyers, dentists and the DMV... that is until you need them.

It must be true because so many people in my industry are coming up with names and descriptions to disguise and re-label it from what it actually is. For example, concepts and strategies for growth and preservation of wealth, huh? What is that supposed to mean? Or strategies to address life planning challenges, what?

In this case, I'm going to call the kettle black. As a licensed insurance agent I offer financial services and sell insurance. According to various industry reports and experts, you can't lead with it because it turns people off. Well, I never thought finance and insurance was attractive enough to turn someone on. Most people know they need it just as much as other services I've previously mentioned. Without it, you and others you care about will definitely know what life planning challenges are when a crisis, accident, critical illness or death occurs.

Most of us know someone who's gone through a loss or tragic experience and usually our first question is, did they have insurance? Second question; why didn't they have insurance? Third question; what were they thinking? Fourth question; if I was in that same situation do I have adequate coverage? And a final comment, if they had only spent a little money on an insurance policy, they could have saved themselves from a lot of additional pain, trouble and financial hardship.

So, go ahead and call the kettle black.

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When you're ready to say I need help with insurance and a financial plan for retirement please give me a call.

Craig Colley
(949) 216-8459
CA Lic. #0I48609

Travel Health Coverage

Travel Plans? Don't Forget to Check Your Medicare Health Coverage!

Summer is around the corner and vacations and getaways are being planned. You’re putting great thought into the itinerary, hotel accommodations and transportation, passports and have even found an awesome pet sitter for Sparky. 

But, are you also thinking about your health? Does your Medicare plan cover you when you are traveling in or out of the country? Do you have enough coverage?

If you have Original Medicare, your health care services and supplies are covered when you’re in the U.S. (which includes Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands).

But, when you are traveling outside the U.S. (including to Canada or Mexico) or overseas, it’s important to know that in most cases, Medicare won’t pay for health care services or supplies you get outside the U.S. (except in these rare cases).

Don’t worry if you think that means traveling without coverage. There are several ways you can get health coverage outside the U.S.:

  1. If you have a Medigap policy, check your policy to see if it includes coverage outside the U.S.
  2. If you get your health care from another Medicare health plan (rather than Original Medicare), check with your plan to see if they offer coverage outside the U.S.
  3. Purchase a travel insurance policy that includes health coverage.

Be sure to check your policy or plan before traveling. It’s very important that you understand what is covered outside the U.S. If you are cruising, have a special need for obtaining prescription drugs or require dialysis or other specific health care requirement,  watch this video.

Including your health care coverage into your travel plans could be the difference between an incredible  vacation experience or a health and financial disaster. Also, visit the Centers for Disease Control’s Traveler’s Health page for more information on how to stay healthy abroad. 

Finding a reputable and trusted partner to assist you with your financial & insurance needs is of vital importance.  I will work hard to find the best programs, coverage and rates that fit your budget and your needs. Contact me at 949-216-8459 or ccolley@coliday.com.



Source Information: https://blog.medicare.gov/2017/06/12/travel-abroad-2/  and materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. The above information is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Coliday and Craig Colley are not affiliated, employed or endorsed by the SSA, Medicare.gov. or any other government agency

New Medicare MOON Rule

New Medicare MOON Rule for Retirement Planning in 2018

Many of my Medicare clients have had questions about the changes in inpatient and outpatient rules and how they financially affect hospital stays and skilled nursing facility visits and decisions.

If you need hospitalization, your hospital status—whether you're an inpatient or an outpatient—affects how much you pay for hospital services like X-rays, drugs, and lab tests. Your hospital status may also affect whether Medicare will cover care you get in a skilled nursing facility (SNF) following your hospital stay.

You're an inpatient starting when you're formally admitted to the hospital with a doctor's order. The day before you're discharged is your last inpatient day.

You're an outpatient if you're getting emergency department services, observation services, outpatient surgery, lab tests, or X-rays, or any other hospital services, and the doctor hasn't written an order to admit you to a hospital as an inpatient. In these cases, you're an outpatient even if you spend the night in the hospital.

The Medicare Outpatient Observation Notice (MOON) went into effect March 8th, 2017 and applies to those with an Original Medicare hospital stay. It DOES NOT apply to those with Medicare Advantage plans as they have their own rules and options regarding inpatient/outpatient services. The MOON will tell you why you’re an outpatient getting observation services, instead of an inpatient. It will also let you know how this may affect what you pay while in the hospital, and for care you get after leaving the hospital.

If you or a family member needs to stay in the hospital, the MOON (Medicare Outpatient Observation Notice) needs to be provided in written form, signed and dated with an oral explanation from the facility no later than 36 hours from the time the Medicare patient begins receiving outpatient observation services. This time limit is considered the new ‘two midnight stay observation’ policy.

(Note - Observation services are hospital outpatient services you get while your doctor decides whether to admit you as an inpatient or discharge you. You can get observation services in the emergency department or another area of the hospital).

I would recommend referencing the ‘Medicare & You’ handbook that all Medicare households receive in the fall or download a PDF here: Medicare and You. This guide explains in more detail the MOON rule as many Medicare enrollees may have missed this information.

Be sure to discuss any hospital procedure with your physician/surgeon regarding whether your stay will be an inpatient or outpatient stay. Remember you only become an inpatient once the hospital, not your doctor, formally admits you with a doctor’s order. You or a family member should also ask every day if your stay is an inpatient or outpatient procedure to avoid any discrepancies.

Finding a reputable and trusted partner to assist you with your financial & insurance needs is of vital importance.  I will work hard to find the best programs, coverage and rates that fits your budget and your needs. Contact me at 949-216-8459 or ccolley@coliday.com 


Information and materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice. The above information is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Coliday and Craig Colley are not affiliated, employed or endorsed by the SSA, Medicare.gov. or any other government agency.

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