November 2015

Well it looks like fall is in the air, and the trees are beautiful to say the least. Now the fun part, raking up all those leaves! At least it's good exercise. I'm hoping I can squeeze in one more day on the lake before I pull the boat for the winter, if it would only stop raining. As always, we've kept busy at the office, and we appreciate all the fine folks that put their faith in us.

I know I mentioned this a few months back, but I wanted to remind our readers again about some coming changes that I believe are very important. There are going to be some changes coming in January 2016 to the insurance industry that everyone needs to be aware of. Regulators are requiring insurance companies to update their mortality tables from the 2000 tables to the 2012 tables. On average folks are living 3-5 years longer, and that will have a definite effect on annuity and life insurance planning! Some of this is good, some maybe not so much. Because of this, insurance companies will be required to hold more money in reserve in order to guarantee future contractual obligations. This will also affect pensions and pension planning strategies moving forward. Generally, payout percentages for pensions and annuities will be less, since they have to pay out longer once the new tables are put into place.

Here's one thing I can pass along to you without question, if you're looking to set up a guaranteed income plan for retirement you won't be able to do it as efficiently as right now! There is a definite cost for waiting on this one, as much as we hate to say that. Now is the time to act if you're contemplating setting up a guaranteed retirement income plan.

We also want to wish everyone an early Happy Thanksgiving! Visit with family, eat way too much good food, and watch a ton of football. What could be better than that?

Enjoy this month's articles and we'll see you next month.

Sincerely,

James D. Stillman

***ATTENTION CLIENTS***

We will be holding this year's holiday party on

Saturday December 5th from 12:00-3:00pm

at George Pappas' Vicotry Lanes in Mooresville.

There will be food, fun, festivities, and FREE BOWLING!

Friends and family welcome!

Invitations will be mailed shortly, so be sure to RSVP.

What the heck is a financial planner anyway?

And is yours right for you?

Lake Norman Magazine, November 2015

Looks like fall is in the air and before you know it there will be "frost on the pumpkin"! I have to confess that I love this time of year, for the weather and beauty of North Carolina. The only bad part is that it's time to pull the boat out and wait until spring to enjoy beautiful Lake Norman again. Anyway, let's get on to this month's topic. Have you ever been confused about all the different kinds of "financial advisors" and what they actually do? If there's one thing I've learned over the last twenty years in the financial services profession, it's that things can get really confusing for consumers! The financial services business has become highly specialized, like many other professions, and that's both good and bad.

I'm a big believer in what my grandfather and father taught me over the years growing up in Wisconsin: Don't be a jack of all trades and master of none. It's fine to be "good" at a lot of things, but to be a "master" or "expert" (commonly known as a professional) at certain things is desirable, especially when it comes to financial planning, retirement planning, and health care planning.

All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer. All investments carry some risk and you should be advised by your personal financial advidor before implementing any strategies discussed, as they are not suitable for everyone. James D. Stillman is an Investment Advisor Representative of JDS Wealth Management Corporation and Global Financial Private Capital.

JDS Wealth Management Corporation's outgoing and incoming e-mails are electronically archived and subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through e-mail. We cannot ensure the security of information e-mailed over the Internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer."

This Month

What the heck is a financial planner anyway? And is yours right for you?

Six Tips To Tell Your Grandchildren About Retirement Planning

Annual Returns Tell Investors Very Little