Crown Haven Wealth Advisors

Specializing in working with retirees and pre-retirees in developing investment, income and estate plans in the Carmel and Indianapolis areas of Indiana.

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Smart Retirement & 401(k) Moves In 2022

Our very own CEO Casey Marx provided smart retirement & 401(k) moves in 2022 tips to reporter Felicia Lawrence WTHR Indianapolis. With inflation and rising interest rates, the state of the economy may have you on edge, wondering what to do with your retirement money.

If you are closer to retirement age, you don’t have that kind of time for your 401k to rebound in the stock market; you should ask yourself this question… “Can you really afford to go down another 10-20%? If you know you can afford to go down another 10-20%, then you stay the course. If you can’t afford that, you probably shouldn’t remain where you are currently at. The likelihood of the market going up – especially straight up like it did in 2020 after all the monetary stimulus – is like zero. That’s not going to happen this time.”

“The younger person is probably going to have a much larger risk capacity, meaning they can experience some volatility, and it won’t kill them,” said Marx. “And if you were going to get into the market at this stage, you can do dollar-cost averaging. So if you really like a company, you can buy now at a $100, and if they go down to $90, it won’t matter to you because 30 years from now, they could sell for $500, and that’s a win anyway.”

It’s difficult to give blanket advice for everyone, but the best thing you can do is analyze your risk assessment. It looks different for everyone, which is why Marx recommends you get a financial advisor to help you understand which direction you should take.

Crown Haven Wealth Advisors has a limited number of free financial planning sessions available.  We are happy to have the meeting with you in person in our offices in Carmel, Indiana, by Zoom or over the phone. You can schedule your complimentary appointment online or by calling 317-564-4691

Casey Answering Client Concerns – Summer 2022

Casey Answering Client Concerns – Summer 2022. Today we’re going to be talking about interest rates and how that’s affecting our overall economy. One of our client’s is in the office today, and they’re going to be asking me some questions about how the current monetary policies are impacting the economy

It’s going to be a very interesting conversation. We want to hear what you have to say; comments below. If you disagree with what we have to say, let us know. If you think it’s it’s valuable information, please feel free to share it with others.

For a limited time, Casey Marx- Founder & CEO of Crown Haven Wealth Advisors, is accepting new clients. Many have said they’re concerned about inflation and rising interest rates.

Now, tapping into 40 years of combined experience, Casey and his team of experts are here to help. Secure your retirement. Click here to schedule a complimentary relationship visit or call (317) 564-4691 to speak with one of our specialists.

08/01/22 Wealth Management Insights

08/01/22 Wealth Management Insights. Undaunted by another Fed rate hike and news of a contracting economy, the stock market rallied last week on better-than-expected corporate earnings.

The Dow Jones Industrial Average increased 2.97%, while the Standard & Poor’s 500 picked up 4.26%. The Nasdaq Composite index gained 4.70% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, rose 0.95%.1,2,3

It was an inauspicious start to the week after a big-box retailer missed earnings and reduced forward guidance on Tuesday, sparking a broad market retreat.

But sentiment improved following mega-cap technology company earnings that proved better than expected. Enthusiasm gathered steam in the wake of the Fed’s 0.75% rate hike, boosted by Fed Chair Powell’s comments following Wednesday’s Federal Open Market Committee meeting. Powell indicated that it might become appropriate to slow the pace of future hikes, and he didn’t believe the economy had entered into recession. Stocks on Thursday shrugged off news of a second-consecutive quarter of negative economic growth to build on Wednesday’s gains as fresh earnings continued to comfort, if not impress, investors.4

Economy Contracts 

The U.S. economy shrank at an annualized rate of 0.9% in the second quarter as consumers pulled back on spending and businesses worked to reduce inventories. It was the second-consecutive quarter of negative economic growth, meeting the technical definition of a recession. Unlike past recessions, hiring has been strong all year, with the unemployment rate near historic lows.5

The economic slowdown was attributable primarily to decreases in inventories, a deceleration in the housing market, and lower government spending. Consumer spending increased a tepid one percent, well below the inflation rate during the same period.6

This Week: Key Economic Data

Monday: Institute for Supply Management (ISM) Manufacturing Index.

Tuesday: Job Openings and Labor Turnover Survey (JOLTS).

Wednesday: Automated Data Processing (ADP) Employment Report. Institute for Supply Management (ISM) Services Index. Factory Orders.

Thursday: Jobless Claims.

Friday: Employment Situation.

Source: Econoday, July 29, 2022
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.

For a limited time, Casey Marx- Founder & CEO of Crown Haven Wealth Advisors, is accepting new clients. Many have said they’re concerned about inflation and rising interest rates.

Now, tapping into 40 years of combined experience, Casey and his team of experts are here to help. Secure your retirement. Click here to schedule a complimentary relationship visit or call (317) 564-4691 to speak with one of our specialists.

Managing the Risk of Outliving Your Money

Managing the risk of outliving your money has become one of the top questions we hear from pre-retirees. In fact according to TransamericaCenter.org research1, 42% of workers say they fear outliving their savings and investments.

Retirees face greater “longevity risk” today.
The Census Bureau says that Americans typically retire around age 63 for women and 65 for men. Social Security projects that today’s 63-year-olds will live into their mid-eighties, on average. This is a mean life expectancy, so while some of these seniors may pass away earlier, others may live past 90 or 100.2,3

How will Social Security work in the future?
For decades, Social Security took in more dollars per year than it paid out. That ongoing surplus – also known as the Social Security Trust Fund – may face funding challenges as early as 2034. Congress may act to address this financing issue before then, but the worry is that future retirees could get slightly less back from Social Security than they put in. It’s critical that pre-retirees estimate the amount of Social Security benefits they are expected to generate in the future.4

Preparing for out-of-pocket health care costs.
You can enroll in Medicare at age 65, but how do you handle the premiums for private health insurance if you retire before then? Striving to work until you are eligible for Medicare makes economic sense, and so does setting aside money to pay for health care costs. A healthy couple retiring at age 65 can expect to pay nearly $208,000 in lifetime out-of-pocket healthcare expenses, even if they have additional coverage such as Medicare Part D, Medigap, and dental insurance.5

Luck is not a plan, and hope is not a strategy.
Those who are retiring unaware of these factors may risk outliving their money. Creating a strategy may help you better prepare for retirement.

Crown Haven Wealth Advisors want to prove they are the financial advisor you can trust. 

That’s why Indiana’s #1 fiduciary with 40 years of combined experience is offering a limited number of spots for our free financial planning sessions. No cost. No obligation. 

And our team is happy to meet with you online or in our offices located in Carmel, IN.It’s not too late to secure your retirement for a future you can truly rely on. Click here to schedule a complimentary relationship visit or call (317) 564-4691 to speak with one of our specialists.

Sources:

  1. TransamericaCenter.org, 2021
  2. TheBalance.com, 2021
  3. Social Security Administration, 2021
  4. Kiplinger.com, 2021
  5. HealthView Services, 2021

3 Financial Planning Tips for the Second Half of 2022

Here are 3 financial planning tips for the second half of 2022. With half the year behind us, now is a great time to consider what the remainder of 2022 may hold. However, with inflation and economic uncertainty causing many of us to delay or cancel vacations, large purchases, and more, it can be challenging to know where to start.

Here are a few tips to help make the rest of the year as smooth as possible:

  • Deflate Inflation – Travel-related costs have skyrocketed, causing many to delay or cancel vacation plans. But are you overreacting to current headlines? Let’s talk if you’re wavering on a scheduled trip.
  • Embrace Uncertainty – If you’ve delayed a major purchase lately, you’re not alone. Economic uncertainty has caused many to rethink their expenditures. When your net worth declines, the “wealth effect” tells consumers to rein in spending. But our portfolio strategy takes into account periods of market volatility.
  • Practice Patience – The need to take action can push even the most seasoned investors into questionable territory. Instead, try to take a long view of the markets. Remaining patient and taking a break from watching the markets closely may help weather the storm.

Let us know if you ever want to chat about your future goals or current economic conditions. We’re always ready to help.

Contact us now to start the conversation.

07/25/22 Wealth Management Insights

Climbing Back
The major U.S. stock indexes rebounded from the previous week’s modest declines to post gains of around 2.0% to 3.0%. Although stocks have recently traded in a fairly narrow range, the S&P 500 was up 8.0% on Friday from a recent low in mid-June.

Labor Market Setback
The number of Americans submitting initial claims for unemployment benefits climbed to 251,000, rising for the third week in a row to the highest level in eight months. This closely watched job market health indicator signals a slowing U.S. economy.

Weak Results
With the earnings season now more than 20% completed, the proportion of S&P 500 companies that are beating analysts’ earnings expectations is smaller than usual. About 68% had exceeded net income expectations as of Friday, trailing the five year average of 77%, according to FactSet.

How High?
The U.S. Federal Reserve is widely expected to approve another big interest-rate increase at Wednesday’s U.S. policy meeting. In June, the Fed lifted its short-term target range by three-quarters of a percentage point- the biggest hike since 1994-and a similar steep increase is expected heading into this week’s meeting, with some economists expecting rates will go up a full percentage point.

For a limited time, Casey Marx- Founder & CEO of Crown Haven Wealth Advisors, is accepting new clients. Many have said they’re concerned about inflation and rising interest rates.

Now, tapping into 40 years of combined experience, Casey and his team of experts are here to help. Secure your retirement. Click here to schedule a complimentary relationship visit or call (317) 564-4691 to speak with one of our specialists.

Casey’s Thoughts – Fees & Investments

In a recent article on FinancialPlanning.com it was reported that Equitable told teachers their variable annuity fees were $0.00, SEC discovered. As a result, Equitable was charged with misleading retirement savers about hefty fees on variable annuities highlighting gaps in investor disclosures about the complex products.

“Equitable Financial Life Insurance agreed on July 18 to pay $50 million to settle SEC fraud charges alleging that it sent “materially misleading” account statements to 1.4 million annuity holders over the past six years. Equitable, a target of critics who assert the company is predatory toward teachers, a core market for the annuities industry, left out the products’ two main fees and 97% of the revenue from the contracts, the SEC said.”

I see this as another stain on an industry that doesn’t need any more help losing the trust of the public. These types of stories really hit us hard at Crown Haven Wealth Advisors because we come from humble beginnings, and we truly believe that it’s our job to ensure our clients worry less about their money and spend more time enjoying their lives.

That means those that work in the financial industry MUST be transparent. They MUST act with integrity. They MUST under-promise and over-deliver. They MUST act as fiduciaries and put YOU first.

In short, they should treat you as they would hope to be treated.

Here’s the deal: Variable Annuities have fees. Period. End of story. They have M&E fees, 12b-1 fees, administrative fees, mutual fund fees, income rider fees, etc…

Variable annuities are basically the entire reason you think “fees” when you hear the word “annuity” – because they’re literally the only type of annuity that have fees as an automatic component of the contract.

HOWEVER, That doesn’t mean all annuities are bad, and it certainly doesn’t mean all people who use the many types of annuities as a tool (out of many) to build a holistic retirement plan are as duplicitous as these folks who told these poor teachers their fees were $0.00.
It’s for this reason that it is so important to arm yourself with knowledge!

We’ve spent hundreds of hours compiling dozens of resources for the general public to consume. Learn about this commonly misunderstood retirement vehicle, as well as many other topics.

If you have more specific questions or want us to perform an annuity audit for you, reach out to us or schedule a visit – we’re here to help.

Casey Marx

07/18/22 Wealth Management Insights

Another Setback
A rally on Friday in the wake of a solid report on monthly retail sales wasn’t enough to offset the stock market’s rough start to the week. The major U.S. indexes recorded small declines, falling for the 12th week out of the past 15.

Retail Resilience
U.S. retail sales rose 1.0% in June, slightly above expectations despite surging inflation and recently weak consumer sentiment readings. However, the sales gain that the government reported on Friday wasn’t adjusted for inflation, which rose 1.3% in June, indicating that real sales were slightly negative.

Earnings Kickoff
A handful of major U.S. banks kicked off earnings season with mixed results. Entering earnings season, analysts were forecasting that second-quarter earnings for banks in the S&P 500 fell 26% from a year ago, in part due to higher costs from provisions for loan losses, according to FactSet.

Fed Ahead
With the U.S. annual inflation rate now at 9.1%, policymakers face pressure to approve another big interest-rate increase at Wednesday’s U.S. Federal Reserve policy meeting. At its mid-June meeting, the Fed lifted its short-term target range by three-quarters of a percentage point- the biggest hike since 1994 and a similar steep increase is expected heading into this week’s gathering, with some economists expecting rates will go up a full percentage point.

We are Indiana’s #1 fiduciary with 40 years of combined experience is offering a limited number of spots for our free financial planning sessions. No cost. No obligation.
And our team is happy to meet with you online or in our offices located in Carmel, IN.

It’s not too late to secure your retirement for a future you can truly rely on. Click here to schedule a complimentary relationship visit or call (317) 564-4691 to speak with one of our specialists.

Casey Marx Outlook Update 07/13/22

The June 2022 inflation report just came out and the number was 9.1%. A lot higher than was initially anticipated and now you have all the prognosticators in the market and the media coming out and arguing why that is the case.

Watch Casey Marx RICP® Discuss The June Inflation Number

The June inflation report just came out, and the number was 9.1%. A lot higher than was initially anticipated. Now you have all the prognosticators in the market and the media coming out and arguing why that is the case.

The federal reserve is going to have to get a lot more aggressive near term to crush demand. We had significance and what that means is there’s going to be a lot of pain ahead.

What does that mean for you?

I would like to invite everyone watching this out there to do is to reach out to us at crown Haven to learn about our RetireSHIELD® program and learn what our clients already know.

It is not too late to stop the bleeding.

It is not too late to put yourself in a position for success

Short-term there is going to be a lot of pain, and coming back from a loss is very difficult.

I highly recommend that you analyze both your risk capacity and your time horizon for your investment. Crown Haven Wealth Advisors are experts at this. I developed a proprietary financial plan called RetireSHIELD®.

To learn more about our financial planning process, I invite you to schedule a relationship call to understand your unique goals and objective and how we can create a custom retirement plan for you. Just click “Relationship Building Call – 15 minutes” below to get started.

Casey Marx Outlook Update 07/13/22

The June inflation report just came out and the number was 9.1%. A lot higher than was initially anticipated and now you have all the prognosticators in the market and the media coming out and arguing why that is the case.

Watch Casey Marx RICP® Discuss The June Inflation Number

The June inflation report just came out and the number was 9.1%. A lot higher than was initially anticipated and now you have all the prognosticators in the market the media coming out and arguing why that is the case.

The federal reserve is going to have to get a lot more aggressive near term to crush demand. We had significance and what that means is there’s going to be a lot of pain ahead.

What does that mean for you?

I would like to invite everyone watching this out there to do is to reach out to us at crown Haven to learn about our RetireSHIELD® program and learn what our clients already know.

It is not too late to stop the bleeding.

It is not too late to put yourself in a position for success

Short-term there is going to be a lot of pain and coming back from a loss is very difficult.

I highly recommend that you analyze both your risk capacity and your time horizon for your investment. Crown Haven Wealth Advisors are experts at this. I developed a proprietary financial plan called RetireSHIELD®.

To learn more about it I invite you to schedule a relationship call to understand your unique goals and objective and how we can create a custom retirement plan for you. Just click “Relationship Building Call – 15 minutes” below to get started.