Page 8 - Martin Downs Bulletin - September '19

Page 8, Martin Downs

FinanCial FoCus

Consolidating Accounts Can that while diversification can reduce the impact of market overreact by selling investments that could still be valuable

Lead To Clear Financial volatility on your portfolio, it can’t guarantee profits or to you. But with a consolidated investment platform, you
can see more clearly that the impact of a loss may be small,
protect against all losses.)
Strategy • Staying on track – With all your accounts in one place, relative to the rest of your holdings.
you’ll find it easier to keep the big picture in mind and As we’ve seen, consolidating your investment accounts
By Bryce Buchanan, make the moves necessary to help you progress toward with a single provider can have several advantages. So
Edward Jones your financial goals. Two main actions include buying or think carefully about bringing everything together – you
None of us can selling investments and adjusting your portfolio to make may find that there’s strength in unity.
completely control all it more aggressive or conservative, depending on your This article was written by Edward Jones for use by your
the things that happen to situation. local Edward Jones financial advisor. Edward Jones, its
us. Yet, when it comes to • Avoiding mistakes – If you own several separate employees and financial advisors are not estate planners
achieving your long-term accounts, you could see a loss in one or more of them and and cannot provide tax or legal advice.
financial goals, including
a comfortable retirement,
you do have a great deal Club nEws
of power – as long as you
follow a clear, well-defined
financial strategy. And one way to help build and maintain
such a strategy is by consolidating your financial accounts. Martin County Genealogical Day Saints. The all-day fair includes four sessions
Over the course of their lives, many people pick up a Society Kicks Off Season featuring Miles Meyer, director of the Vero Beach
variety of financial accounts from multiple sources. They Family History Center. With two decades of genealogy
might have a few IRAs from different providers, a couple of With Genealogists Alice experience, Meyer is a family history consultant,
old 401(k) plans from past employers, an insurance policy speaker, trainer and writer whose expertise is in new
(or two) purchased many years ago, and a scattershot of Luckhardt And Miles Meyer technology, Internet research and FamilySearch. Active
stocks, bonds, certificates of deposit and other investments. in the genealogy community, he maintains several
If this picture describes your situation, you may want The Martin County Genealogical Society (MCGS) genealogy websites and blogs and speaks at local, state
to think about consolidating. will open its 2019/20 season Sept. 20 with a presentation and national genealogy forums.
For one thing, having a variety of accounts can run up a by Stuart News history columnist Alice Luckhardt titled Free and open to the public, the Family History Fair
lot of fees. Furthermore, you’ll have lots of paperwork to “Locating Those Forgotten and Lesser Known People, will be Oct. 12, 8:15 a.m. to 3:15 p.m. at the Church of
keep track of all your accounts, including several different Events and Places.” A native Floridian, historian and Jesus Christ of Latter-Day Saints, 2401 S.W. Matheson
tax statements. Plus, just by having so many accounts, genealogist, Luckhardt has spent the past 20 years Ave., in Palm City. A luncheon of soup, breads, desserts
you risk forgetting about some of them – and if you don’t researching and writing historical and genealogical and water will be provided. You may bring your own
think you’d ever forget about your own money, consider articles and books. In her weekly column, Luckhardt lunch, but no outside beverages are allowed. Preregister
this: Well over $40 billion in unclaimed cash and property, shares interesting stories and rare photos depicting the for the fair on the MCGS website, mcgsfl.org, or by
including 401(k)s, pensions and IRAs, is awaiting return to life and times of Stuart’s early residents. Based on her emailing mcgsfl@gmail.com.
the rightful owners, according to the National Association experience, there are many sources researchers can use In addition to its monthly meetings – where local
of Unclaimed Property Administrators. to discover little known facts that have been overlooked and national experts speak about how to explore your
But beyond reducing your possible fees, paperwork or forgotten, possibly altering or enhancing the historical family roots – the society offers a variety of services
and potential for lost assets, consolidating your accounts record. Free and open to the public, the meeting is Sept. at the genealogy room in the Blake library which is
with one provider can give you a centralized, unifying 20, 1 to 3 p.m. at the Blake Library, 2351 S.E. Monterey manned by MCGS volunteers all year long. For more
investment strategy, one that can help you in the following Road in Stuart. Light refreshments will be served. information about MCGS membership, activities and
ways: In October, the society is co-sponsoring a Family services go to mcgsfl.org, visit the genealogy room or
• Diversification – If you own several different financial History Fair with the Church of Jesus Christ of Latter call Lisa Tompson, MCGS president, (772) 888-2422.
accounts, including IRAs, 401(k)s and online accounts, you
might have many similar investments within them. You
might even own a cash-value insurance policy containing all about Kids
investments that closely track the ones you have in the
other accounts. This type of duplication can be harmful,
because if a market downturn primarily affects one type
of asset, and your portfolio is dominated by that asset or Kiwanis Club Of Stuart free haircuts; and Maureen and Hal De Thorne and Jenny
similar ones, you could take a big hit. But if you have all Yingling for donating two bikes and helmets. Others
your investments in the same place, a financial professional Annual Back To School Party adding to the festive atmosphere included Martin County
can review your holdings and recommend appropriate ways Sheriff’s Department, Key Clubs, Boy Scouts, SPAM
to diversify your investment dollars. (Be aware, though, Submitted by Cher Fisher; Robotics, MAPS Robotics, City of Stuart Police and
photos by Brittany Rhoads Public Works (free snow cones!), music and face painting!
On Aug. 1, 123 kids, Several nonprofits were on hand to inform parents of
Palm City Auto preselected by guidance available services.
counselors from all 12 of
Lube & Services Martin County’s elementary
schools, received a complete
set of clothes and tennis shoes
at the Kiwanis Club of Stuart’s
The DiTerlizzi Family of Companies annual Back to School Party!
They and their parents enjoyed
a picnic and fun activities, just
Celebrating Our 28th Year in time for the start of the new
school year.
A raffle for a free day of fishing for six helped fund
the event; thanks to Tony Huerta, owner of Lo Que Sea
.00
$10 off tournament-winning fishing yacht. Special thanks to
First United Methodist Church of Stuart for providing
our “full Service oil Change” the funding for tennis shoes; to Great Clips for providing
Enjoy by 10/31/19.

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