The Neyland Report
Earning - Thriving - Giving Back

Weekly Focus

IS SOCIAL SECURITY RUNNING OUT OF MONEY?

We have been hearing the doom and gloom stories of the demise of social security for some time now. But how accurate are these daunting predictions? As it turns out, they are more realistic than we would like to believe.

In April of this year, the Social Security Board of Trustees released its annual report. The 260-page report is a laborious read, but as usual, the numbers tell the story. Last year there were 63 million people receiving benefits from Social Security. There are approximately 327 million Americans, so just over one-fifth of the population collects benefits. That part may not be surprising, but if there is an alarming figure in the report, it is this one: The total cost of the program in 2018 was $1,000 billion. Total income was $1,003 billion. As you can see, Social Security is paying out almost as much as it is bringing in.

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Welcome to the Neyland Report

    Welcome to the Neyland Report

If the name John Neyland is familiar to you, that is because you are probably already a member of our community. Our community includes JCN Financial and Tax Advisory Group, Strength Science Studios and John’s Dream.
Our three enterprises may seem quite different from one another, but we see them as all part of our one goal – to help people have their best lives. JCN Financial aims to help you establish financial security and peace of mind for your future. Strength Science Studios offers a scientifically-proven exercise program, primarily for mature adults (although everyone is welcome). John’s Dream is John Neyland’s charitable foundation. Neyland has been mentoring troubled or disadvantaged young people for 25 years, one deserving person after another. Today, many of those people are productive, contributing adults.

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LIFELONG LEARNING: WEBINARS

    LIFELONG LEARNING: WEBINARS

One of the best ways to live a full life – at any stage of life – is to keep learning. That does not necessarily mean you have to go back to school or commit to a long-term endeavor. Consider Webinars. Webinars, for the uninitiated, are seminars in which you can participate online. There is an endless variety of topics and subject areas, and those interested can participate from the comfort of their own homes, or anywhere there is online access.

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4 WALLET-FRIENDLY LOUISIANA GETAWAYS

    4 WALLET-FRIENDLY LOUISIANA GETAWAYS

Even if you already took your summer vacation, maybe you deserve one last blast before summer has passed. Here in Louisiana, you do not have to go far to have a great weekend getaway. Everything from moderately-priced camping experiences to luxury accommodations will be poised to welcome early Fall visitors. There are dozens of options, but we have selected five of our favorites. Don’t just take our word for it – get packing and let’s go!

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CONSIDER A CAREER SABBATICAL

  CONSIDER A CAREER SABBATICAL

If you are like most working Americans, you probably have two to four weeks’ vacation time per year. With 52 weeks in a year, two to four is not much. But what if you could take a sabbatical from work? Think of it – putting your career on hiatus, while you take some time just for yourself to do whatever it is that you have never had enough time to do. If the idea sounds too far-fetched, just know that a number of people are finding ways to do just that. This is not about just taking a vacation – this is about taking a full career break.

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MID-LIFE CAREER CHANGES

  MID-LIFE CAREER CHANGES

Many American workers find themselves in careers they had not planned, or in jobs they simply do not like. A 2017 Gallup study, “State of the American Workplace” revealed that 51 percent of American workers were actively searching for new jobs, and 47 percent were keeping themselves aware of job openings. The study also showed that only one-third of America workers felt fully engaged in their jobs. It might be a stretch to conclude that Americans hate their jobs, but it is clear that many would prefer to be doing something else.

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NEVER TOO OLD TO LEARN MONEY MANAGEMENT

  NEVER TOO OLD TO LEARN MONEY MANAGEMENT

We all know bad habits are hard to break. But if your worst habit has to do with the way you manage your money, breaking it could change your whole life – in a good way. If you overspend, don’t save money, over-use credit cards, pay bills late or consistently impulse buy, it may be time for a fiscal intervention. Now that we can buy everything from groceries to a new car with one click on our keyboards, reining in your bad consumer impulses takes real self-discipline.
Those who commit the above-listed money sins are often so used to being strapped for cash or hounded by bill collectors, that they may not even realize there is a better way to live. Further, many money sinners might believe they have been in the financial hole for so long that it is too late to climb out. That is absolutely untrue. Age has nothing to do with modifying your financial life. Here are common sense tips to help you have a healthier financial life:

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FINANCIAL LITERACY FOR RETIREMENT

  FINANCIAL LITERACY FOR RETIREMENT

Financial literacy is nothing more than a skillset designed to help you be in full control of your money and your investments. The problem is that many people do not take the time to develop these skills. Think of it: You learn skills associated with home repairs, cooking, interacting with people, driving, athletics, housekeeping and a host of other things required for your daily life. So why would you neglect perfecting your financial skills?
If you want or plan to retire, or if you have recently retired, financial literacy may be key to your well being for the rest of your life. For some people, the idea of financial control can be daunting. It does not have to be, and just focusing on a few key skills may make all the difference. Spoiler alert: The bottom line may have much to do with finding the right financial advisor. But before you do that, take a few proactive steps:

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EARLY RETIREMENT? NOT SO FAST

  EARLY RETIREMENT? NOT SO FAST

For many people, the idea of an early retirement is the holy grail of career success. Everyone has heard the stories of people who made their fortune early and then retired. And how many times have you day dreamt about not having the freedom to do what you want to do, instead of what you have to do. But is retiring at an early age all that it is made out to be? There are a number of serious considerations that must be thought through before giving up your job or your career for the sake of freedom. Financial independence is just one.

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Financial News
    ALL ABOUT “HIDDEN FEES”

ALL ABOUT “HIDDEN FEES”

Does this sound familiar? You decide to take advantage of a special offer of $99/month for your mobile phone plan, but when you get your first bill the amount due is $120. You contact the service provider, who tells you the base rate is indeed $99, but the balance is for “handling and administrative fees.” Whoa. Why didn’t they tell you that up front? Or did they, but it was in the endless small type that almost no one ever reads.

Hidden fees are more common than you might think. In April, Consumer Reports did a poll of 2000 adults. The results: 85 percent of Americans have encountered an unexpected or hidden fee over the past two years for a service they had used, and not surprisingly 96 percent said they found it annoying. The largest number of respondents – 69 percent – said they had been charged hidden fees by cable, internet or phone services.

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Fitness News
    ACTIVE MORNINGS BOOST BRAIN HEALTH

ACTIVE MORNINGS BOOST BRAIN HEALTH

There are so many things to remember when you undertake an exercise program: What to eat, when to eat, how strenuous the moves should be, etc. But what about timing? Is there a best time of the day to work out?

Spoiler alert: If you are not a morning person, this information may not be welcome. Most fitness experts agree that morning workouts are the best. This has much to do with jump starting your metabolism and creating a schedule that energizes you for the rest of your day. Additionally, several studies reveal that morning workouts are best for those trying to lose weight.

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Giving Back
    Fast Facts About Charitable Giving

Fast Facts About Charitable Giving

When giving to charitable organizations, some people elect to support through cash donations. Others, however, understand that supporting an organization may generate tax benefits. They may opt to follow techniques that can maximize both the gift and the potential tax benefit. Here’s a quick review of a few charitable choices:

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John’s Corner

COLLEGE SCHOLARSHIP AND FINANCIAL AID WORKSHOP

PARENTS, IS YOUR CHILD HEADING TO COLLEGE SOON?

DON’T MISS THIS IMPORTANT FREE WORKSHOP!
Wednesday, September 24th, 2019 6:30PM
Thursday, September 25th, 2019 6:30PM
Main Library
7711 Goodwood Bvld. • Baton Rouge, LA 70806

RESERVATIONS ARE REQUIRED!
Register online: www.mylocalevent.org 
RSVP Code for 9/24: 15672 • RSVP Code for 9/25: 15674

JCN FINANCIAL NAMED TO TOP ADVISERS LIST

JCN Financial and Tax Advisory Group has been named one of the Best Financial Advisers in Baton Rouge for 2019. This honor is bestowed upon us by Expertise, the organization that uses proprietary research to find the best service providers across the country. We thank Expertise for this honor. If you are a current client of JCN, or a potential client, we encourage you to meet with one of our advisers whenever you are ready to discuss your finances. Let us offer you our expertise. Call  877-755-0488 for an appointment.

Live the Life You’ve Yet to Dream

Every person’s life story is unique, but some are more dramatic than others. John Neyland’s story is one of challenges and obstacles that began when he was a small child. Neyland’s childhood was fraught with violence, routinely perpetrated by his rageful father.

There were repeated instances of attacks on Neyland and his siblings, with some of the most extreme acts committed against his mother. Neyland’s mother turned to alcohol and suicide attempts to cope with her husband’s behavior, and her fear and frustration about the family’s finances.

If that were not enough to complicate his life, while he was in his teens, Neyland developed one of the worst cases of Obsessive-Compulsive Disorder his doctors had ever seen. Despite the circumstances that would stunt another person’s emotional and psychological growth, Neyland rose above all of it to create successful businesses, a strong, loving family and an ongoing determination to help as many people as possible along his path.

All of this is well-documented in Neyland’s memoir, “Live the Life You’ve Yet to Dream.” If you want to know what a real page-turner really feels like, click the link above to purchase one of the most inspiring books you may ever read.

Other Voices

Bezos and Musk talk about leadership


Jeff Bezos leads Amazon and Blue Origin, the space company that wants to take you to the moon. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony.  Collectively the companies they lead have generated over $1 trillion in market value over the past 10 years. Hear what each has to say about leadership.
Billioinaires’ leadership styles

Baton Rouge Named on Top Retirement Cities List

It comes as no surprise that Baton Rouge has been named one of the top 20 cities in the U.S. for retirees. As senior populations continue to grow, every part of the country will become more senior-dominated, but some more than others. Now the rest of the country is finding out what we already knew – Baton Rouge rocks!
Retirees Thrive in Baton Rouge

Bill Gates’ revolutionary healthcare enterprise

Microsoft Corp.’s co-founder has invested heavily to fight specific diseases, including a pledge of $1 billion to end malaria. Yet the challenge for much of the developing world is how to get health care day to day, not just for a single illness. Now the Gates Foundation has made its first foray into online health care.
Bill Gates and former bass guitarists tackle health care

Interest rate cut first time in since 2008

In its biggest decision since 2015, the Federal Reserve said on Wednesday it would slash its benchmark interest rate by a quarter point, as expected, in an effort to extend the economic boom and boost weak inflation.
Federal Reserve Cuts Interest Rate 

Top 10 Upscale Travel Destinations

If you consider yourself an “upscale traveler,” others like you areare seeking adventures in less-visited destinations from Latin America to the Middle East to off-the-beaten-path Europe this fall and holiday season, according to new data from global luxury travel network Virtuoso®
Luxury Travel Destinations

Billionaire Home Depot Founder Gives 80% of His Wealth to Charity

When you have already given more than $2 billion to charity, what do you do with the remaining $4.5 billion of your fortune. If you are Bernie Marcus, co-founder of Home Depot, you give 80% of it away – to charity.
Bernie Marcus gives his fortune to charity 

What You May Not Know About Social Security

Social Security benefits are based upon how much was earned during your working career. Choosing when to receive these benefits is one of the most important financial decisions you will make. If you choose to retire when you reach your full retirement age, you will receive your maximum benefit amount.
All About Your Benefits

Do you speak credit card?

Deciding which credit cards to apply for has become a bit complicated. Who offers the best deal on miles? What about points? Is there a cashback feature? Annual fee? Before you decide on a card, get to know the meaning of all the terminology associated with credit cards. The more you know in advance, the better the deal you will probably find.
Credit Card Terms We All Should Know

Are You Ready for Retirement?

Man holding sign "What's your plan for retirement?"

The Annual Transamerica Retirement Survey explores attitudes about retirement and retirement readiness among American workers. Since 1998, Transamerica Center for Retirement Studies® (TCRS) has conducted a national survey of U.S. business employers and workers regarding their attitudes toward retirement. You may be surprised at some of this year’s survey findings. If you are retired or retiring this year, this is a must read.
What is “Retirement”? Three Generations Prepare for Older Age

BOOMER REINVENTION

How many times have you been fired? Do we hear a chorus of “never”? Probably not. Getting fired is more common than you think. So is job dissatisfaction. Whatever your reasons, you may get to mid-life and need to reinvent yourself professionally. John Tartoff was fired seven times during his film career, and then he decided to go back to school for a degree in psychology. Now he has written “Boomer Reinvention” a book about strategies to start a new career after 50. Watch:

Zero Percent Credit Cards

The business of shopping for credit cards can be laborious, unless you hit on something fun in your search. Right now there are five credit cards that offer zero percent interest until 2021. Each of these cards offers its own special perks.
5 great zero percent credit cards

Take care of your mind and body

 Warren Edward Buffett - drawingMega-billionaire Warren Buffett says ignoring your mind and body health is like “leaving your car out in a hailstorm.” The evidence shows it has surely worked for him. It can work for you too.
Warren Buffett’s sage advice for young people

Reverse Mortages

Reverse mortgages, loans for people age 62 and older, allow seniors to convert home equity into cash. Are you still confused about how a reverse mortgage works? Find out the pros and cons of this type of plan.
Considering a reverse mortgage?

Working while receiving Social Security

If you plan to keep working after you start receiving Social Security, there are important items you should know. How much can you earn? Is there an earnings limit? Will your benefits be withheld if you earn too much? Find out what you need to know before you make your decision.
What happens if you work while receiving Social Security?

It is never too late to start exercising

Good news for couch potatoes. Even if you have spent more time bingeing Netflix than hitting the gym over the course of your life, a new study suggests it is never too late to start exercising. Mid-life may be the ideal time to start.
Why it’s never too late to start exercising

5 Financial Books

Man reading book in seaYou know the old adage: When you know better you do better. That is true for your personal finances, too. Here are five great summer reads that offer practical financial advice.
5 Financial Books to Add to Your Summer Reading List

25 Fast Financial Fixes

Money is tight and you’ve done everything possible to cut your expenses, right? Not so fast. Here are 25 quick financial fixes that you may not have considered yet.
25 Fast Financial Fixes

Avoid Vacation Stress

Couple on beach at sunset

Why are vacations so stressful? Between booking reservations, clearing your calendar, budgeting and deciding where to go, what should be a relaxing respite sometimes becomes pretty burdensome. Travel Writer Rick Steves has 10 solid tips to save you money, time and stress when you’re on vacation.
Travel guru Rick Steves shares 10 tips to save you money, time, and stress when you’re on vacation

Harness your momentum

Collective momentum is the process of directing all of your energy and concentration toward a goal or objective. Find out what John Neyland has to say about harnessing your momentum and living a better life.
A body in motion: 5 ways to increase your personal collective momentum

Is 60 really the new 40?

Guess what: If you make it to 65, you have a 50 percent chance of making it to 85. What roles are technology and science playing in healthy, successful aging?

Can we live longer but stay younger?