The Neyland Report
Earning - Thriving - Giving Back

Weekly Focus

ARE BRICK-AND-MORTAR STORES DISAPPEARING?

The news about the economy has been so encouraging lately that it would be easy for us to forget that one major industry is in a state of flux. Retailing has been transitioning into e-tailing for several years now. It seems every week we read of more major retailers shutting their doors and moving online. Just last week, Macy’s announced it is closing 125 over the next three years and cutting 2000 jobs. Fortunately, the Louisiana stores are safe for now, but what does this say for the future of brick-and-mortar stores? This news follows in the footsteps of Sears, Toys R Us and JC Penney, among many other name retailers.

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PHASED RETIREMENT: A NEW WAY TO TRANSITION

    PHASED RETIREMENT: A NEW WAY TO TRANSITION

One of the most significant decisions American workers must contend with is when (or whether) to retire from their jobs. Traditionally, retirement happens on a planned date of separation from a job. But what if you could retire in stages? Commonly referred to as Phased Retirement, this approach to separating from your job or career is becoming more common.

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POST RETIREMENT? CONSIDER A SENIOR INTERNSHIP

    POST RETIREMENT? CONSIDER A SENIOR INTERNSHIP

Maybe you happened to catch the Robert DeNiro movie, “The Intern,” a few years ago. DeNiro played, Ben, a 70-year-old retired executive who joins a senior citizen internship program designed to help him re-enter the workforce. That was a light romantic comedy, but in real life, senior internships are a growing part of industry. More organizations than ever are beginning to recognize the value of retired persons’ accumulate skills and wisdom.

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UPDATE ON PRESCRIPTION DRUG PRICES

    UPDATE ON PRESCRIPTION DRUG PRICES

One issue on the minds of masses of Americans, year after year, is the ever-increasing cost of prescription drugs. Lost among some of the recent major headlines is the news that at the end of 2019, the U.S. House passed H.R. 3 , the Lower Drug Costs Now Act. The Senate now has the opportunity to make this one of the most significant pieces of drug pricing legislation passed in the last 20 years. This law would give Medicare the power to negotiate drug prices, a function that is now exclusively the domain of pharmaceutical companies.

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SENIORS ARE DRIVING THE U.S. ECONOMY

  SENIORS ARE DRIVING THE U.S. ECONOMY

If you are 50 years old or older, you should know that seniors have become a powerful economic engine in the United States. As usual, the numbers tell the story: Of the 327 million Americans, fully 111 million fall into your age group. By 2050, this number is expected to double. This age group is responsible for $7.6 trillion in economic activity, according to Oxford Economics, an economic forecasting organization. The products and services the senior age group consumes have become a major driver of the American economy, so much so that it now has a name: The Longevity Economy.

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ELECTION YEAR STOCK MARKET: WHAT TO EXPECT

  ELECTION YEAR STOCK MARKET: WHAT TO EXPECT

One of the biggest questions on most investors’ minds right now has to do with how this year’s presidential election year could affect the stock market. The truth is no one can definitively predict market activity. The best anyone can do is study the history of the market in other election cycles, and consider the economic, political and global variables that might affect stock performance. Although past performance does not guarantee future results, historical trends are worth watching, if only for useful statistics. Investors like a sure thing, but the savviest among them know that the stock market is often rife with uncertainty.

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PERSONAL FINANCE RESOLUTIONS FOR 2020

  PERSONAL FINANCE RESOLUTIONS FOR 2020

Raise your hand if you remember any of the resolutions you made last year at this time. Don’t feel too badly. Most of us don’t remember how determined we were to lose 10 pounds, or cut down on sweets, or go to the gym more regularly. That is why it may be worthwhile for you to bookmark this column and take a look at it from time to time through 2020. This year resolve to take charge of your finances. Here are some of the new resolutions we suggest that may make that a bit easier:

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FIVE GREAT PERSONAL FINANCE BLOGS FOR 2020

  FIVE GREAT PERSONAL FINANCE BLOGS FOR 2020

If there is one element of the internet that can cause users some confusion, it is the overkill on information. How can you know what information is credible? We took some time to study a number of personal finance blogs and decided on five that we know you can really learn from. As “they say, the more you know, the better you do. Here are our top five choices:

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HOW TO SURVIVE A LATE CAREER JOB LOSS

  HOW TO SURVIVE A LATE CAREER JOB LOSS

You have probably heard that old John Lennon quote: “Life is what happens while you are busy making other plans.” Some older American workers unexpectedly find out the wisdom of that statement when they lose their jobs late in their careers. Despite all the plans you make for retirement, and the financial strategy you put together for your post-career years, sometimes a premature loss of a job can force you to change course. The one thing you can control is how you prepare for a job loss, and what to do once it happens. Taking a proactive approach can save a lot of heartache later, but there are ways to navigate a late career job loss even if you have not prepared for it.

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Financial News
    SIX WAYS TO SAVE FOR YOUR DREAM VACATION

SIX WAYS TO SAVE FOR YOUR DREAM VACATION

Spring is just around the corner, and many of us are starting to dream big about possible getaways and vacation trips. But sometimes the monthly budget gets in the way of fulfilling those dreams. There are ways to turn those dreams into real plans. Here are a few suggestions on how to save enough to finance great summer trips:

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Fitness News
    EAT YOUR WAY TO LOWER CHOLESTEROL

EAT YOUR WAY TO LOWER CHOLESTEROL

If your doctor has that worried look when explaining your cholesterol numbers, the good news is you may be able to help yourself just by adjusting your diet. Some people still will need prescribed medications, but others may lower their numbers simply by making a few dietary changes. Here are a few foods that may surprise you with their cholesterol-lowering properties:

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Giving Back
    A DIFFERENT KIND OF HOLIDAY GIVING

A DIFFERENT KIND OF HOLIDAY GIVING

Here is a novel idea: This holiday season, instead of spending tons of money on gifts, a growing number of celebrants are using some of their gift money to support Louisiana charities. You may be surprised at how many non-profits and charitable organizations exist in our state. Just in case this sounds like an interesting idea to you, here are just a few of the worthy groups that need our help:

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    MEDICARE CHANGES FOR 2020

MEDICARE CHANGES FOR 2020

There are more than 850,000 Medicare recipients in Louisiana, and if you happen to be one of them, you need to know about the changes coming in 2020.
The beginning of the new year will see Medicare Part B premium increase $9.50 to $144.60. Part B covers doctors visits, outpatient procedures, preventive care, medical equipment and lab and diagnostic services. If you already receive Social Security, this amount is deducted from your monthly benefit. Social Security will show a cost of living increase in 2020 of 1.6 percent, so most Medicare recipients probably not notice the increase to part B.

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John’s Corner

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

LSU CHAMPIONSHIP BOOSTS BATON ROUGE ECONOMY


Economists say LSU’s championship season has already put a little extra money in many of your pockets. Additionally, the school says it saw a five percent bump in applications during the middle of January, compared to a typical two-week period.
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AMAZON CENTER COMES TO BATON ROUGE


A site plan for the South Baton Rouge AMAZON Distribution Center received unanimous support from the East Baton Rouge Planning Commission. The plan calls for a 111,918 square foot distribution center off I-10 behind the Bethany Church crosses.
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WHY YOUR IRS REFUND MAY BE DELAYED


Did it take way too long for the IRS to issue your tax refund last year? It turns out it is not your fault – new filters and screenings the agency uses may cause certain refunds to be held up for months.
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WHY YOUR CREDIT SCORE MATTERS


Do you keep track of your credit score? If not, there are good reasons you should. Here is some good advice, and information on a new method that will be used to calculate your score, starting this coming summer.
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MEDICARE CHANGES FOR 2020

There are more than 850,000 Medicare recipients in Louisiana, and if you happen to be one of them, you need to know about the changes coming in 2020.
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HIGHER 2020 401K CONTRIBUTION LIMITS


How much can you save for retirement in 2020? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2020: 401(k) contribution limits are up; traditional IRA contribution limits stay the same; almost all the other numbers are up.
Save more – earn more

HOW STOCKS PERFORM IN ELECTION YEARS


Election Day is a year away, and stocks are poised to keep rising over the next 12 months with an incumbent in office – that is, if history is any indication. Since 1952, the Dow Jones Industrial Average has climbed 10.1% on average during election years when a sitting president has run for reelection, according to the Stock Trader’s Almanac.
Bull market continues

Retiring Abroad

More Americans than ever are choosing to retire out of the U.S. The number of retirees who draw Social Security outside the U.S. jumped 40%, to more than 413,000, between 2007 to 2017, according to the Social Security Administration.
Why are retirees fleeing the U.S.?

Baby Boomers Real Estate Trends

There has also been a 31% increase in the number of older owner households. But renting seems to be trending more than buying in the last years, especially for the growing elder age group which is making its presence known in the real estate market.
The 60 and older generation is taking over the real estate market

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

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?

 

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

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?

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