The Neyland Report
Earning - Thriving - Giving Back

Weekly Focus

MARKET UPDATE FROM JOHN C. NEYLAND

This week John discusses what is to come with the stock market, including an ultimate good outcome, but some bumps in the road along the way. Volatility must be expected right now, and John reminds us that the stocks in which your money is invested do not have an unlimited downside. JCN has stop gap measures in place for times when a stock shows a downward trend. In other words, if a stock goes too low, JCN moves away from it. In this video John explains what types of stocks JCN is buying and why. There are documented advantages in buying undervalued stocks, John says, and in the two decades JCN Financial has been in business, this strategy has earned investors record profits. Also, John also walks you through his philosophy that the stock market and a tomato garden have a lot of similarities. By the way, have you signed up for BLT Fridays yet? Come on! Give us a call. Watch this week’s video:

SMALL BUSINESSES ELIGIBLE FOR NEW STATE GRANTS

    SMALL BUSINESSES ELIGIBLE FOR NEW STATE GRANTS

If you are a small business owner based in Louisiana, and did not receive other federal aid through the Paycheck Protection Program or through a U.S. Small Business Administration disaster loan, or insurance for interruptions to their business, you may qualify for a grant of up to $15,000. Distribution of these grant payments IS expected to begin in July.

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6 WAYS TO STAY CONNECTED DURING QUARANTINE

    6 WAYS TO STAY CONNECTED DURING QUARANTINE

If you are getting tired of staying home, you are not alone. Many people thought by now we would be out and about more than we are. Governor John Bel Edwards announced that Louisiana will extend Phase 2 of the re-opening at least two weeks longer than expected. People over 65 and those with underlying health conditions are advised to stay home as much as possible. What do people miss most? Probably connecting with other people. With that in mind, here are a few easy ways to stay connected with others while at home.

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IS IT SAFE TO TRAVEL YET?

    IS IT SAFE TO TRAVEL YET?

Cities across the country are incrementally opening up, businesses are welcoming patrons and some people are going back to work. But what about traveling? Is it safe to fly, stay in a hotel, rent an AirBnB property? We are entering what are traditionally the heaviest travel months of the year, but experts urge caution and careful planning before venturing out for a vacation.

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WORKING FROM HOME: OUR NEW NORMAL?

  WORKING FROM HOME: OUR NEW NORMAL?

A substantial portion of the American population is still working from home after four full months. Interestingly, many people find that they like the idea, and a number of U.S. companies have decided that many of their employees will continue to work from their homes for the foreseeable future. Several weeks ago, for example, Twitter CEO Jack Dorsey announced that a huge percentage of his employees can work from home permanently. Other companies, including Facebook, made similar announcements. Is working from home the future of American industry?

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THE CARES ACT AND YOUR RETIREMENT SAVINGS

  THE CARES ACT AND YOUR RETIREMENT SAVINGS

The country is several weeks into the implementation of The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the $2 trillion legislation designed to fast track direct economic assistance for American workers and families, small businesses, and preserves jobs for American industries. The CARES Act, signed into law on March 27, has strong implications for those with retirement savings plans.

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TRAVELERS: What To Expect At The Airport

  TRAVELERS: What To Expect At The Airport

With cities nationwide cautiously opening businesses and public spaces, many people are beginning to plan future vacations and business trips. Traveling will likely be a bit different than it used to be, starting with the airport experience. Airports are working hard to determine the best ways to keep their environments clean and safe. Here are a few changes you should expect as airports adapt to the new needs of travelers:

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WHY YOUR STIMULUS PAYMENT IS LESS THAN YOU EXPECTED

  WHY YOUR STIMULUS PAYMENT IS LESS THAN YOU EXPECTED

The good news is that the government reports approximately 130 million stimulus checks have been sent out (as of May 12, 2020). Unfortunately, many people are still waiting for their checks, and even some of those who have received them report their payment was less than the $1200 figure we all heard about. The Neyland Report did some research and we found several reasons your check may be less than expected:

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TELEMEDICINE: See Your Doctor From Home

  TELEMEDICINE: See Your Doctor From Home

If traveling to the doctor’s office, finding a place to park and sitting in close quarters in the waiting room does not appeal to you right now, the good news is that you may not need to. During the current virus pandemic, thousands of doctors nationwide have adopted the use of technology to offer their services to you in the comfort of your home. Telemedicine is transforming medical services. Since most people have either a smartphone, laptop or tablet computer, existing technology now allows your doctor to meet with you remotely, to diagnose and treat many illnesses and ailments,

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Financial News
    NEW PRODUCT ALERT: “MONEY IN EXCEL”

NEW PRODUCT ALERT: “MONEY IN EXCEL”

Regular readers of the Neyland Report know that we always encourage you to empower yourself by taking charge of your personal finances. We often introduce you to new products that may be of some value to you in your efforts to control your spending, saving and daily financial decisions. This month Microsoft introduced “Money” in Excel.

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Fitness News
    BREAK THE COUCH POTATO SYNDROME: TAKE A WALK!

BREAK THE COUCH POTATO SYNDROME: TAKE A WALK!

Even some of the most active people are leading a more sedentary lifestyle during the current pandemic. Staying home most of the time, many people are not getting the exercise they need. One way to fight the couch potato syndrome is to take a daily walk. Health experts agree that walking can be one of the most beneficial exercises you can do. Even a walk around your own neighborhood can rejuvenate you and keep you stronger and healthier.

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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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    NEW EXERCISES WITH DAWN

NEW EXERCISES WITH DAWN

Each week our Strength Science Studios manager and personal trainer Dawn Braud offers new exercises you can do at home. We don’t want you to become a couch potato, so Dawn is bringing you the next best thing — exercises you can do on your couch! This week Dawn focuses on the glutes and abdomen. We would love to hear from you in the comments section under the video. Let us know if there are particular parts of the body you need exercises for, or any general comments you may have about Dawn’s exercise at home program. Meanwhile…get on the couch! Watch:

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John’s Corner

JCN HONORED

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

HERE’S WHEN YOU WILL GET YOUR STIMULUS CHECK

In case you are growing impatient waiting for your promised stimulus check, the U.S. government has issued distribution dates.
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TAX DAY DELAYED FOR 90 DAYS

Treasury Secretary Steven Mnuchin announced that tax day will be delayed from April 15 to July 15. You can still file early if you expect a refund and you will receive the funds as soon as your return is processed.
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WHAT THE FED’S INTEREST RATE CUT MEANS FOR YOU


In an emergency move, the Fed has cut interest rates to zero. Here is what that means for you.
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HOW TO GET YOUR STIMULUS CHECK


As Congress pushes through a $2 trillion stimulus bill, some Americans can expect checks from the government to help them cope with the economic devastation stemming from the coronavirus crisis. Those payments are expected to be $1,200 for individuals, or $2,400 for those who are married and file income taxes jointly. It also includes $500 per child. Here are the required qualifications.
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BATON ROUGE RANKS HIGH IN SAFETY REPORT


The National Council for Home Safety and Security (NCHSS) released a nation-wide ranking of the safest cities, putting Baton Rouge in the top 25 for Louisiana.
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HOW TO TRANSFER HEIRLOOM REAL ESTATE


The inclination of most people is to leave the real estate in their wills to their children jointly, much as they do with the rest of their estate. That’s usually not a good move for heirloom real estate for a variety of reasons.
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10 Retirement Stats Every Baby Boomer Should Know


Did you know that 41 percent of Baby Boomers have no money saved for retirement? More than 25 million seniors live at or below the poverty lines. Some of the stats for U.S. seniors care alarming.
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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