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Alderfer Bergen & Co. Newsletter

April 2018 Newsletter

Reasons for the Return of Market Volatility

Until early 2018, stocks were enjoying their longest period without a five percent pullback in nearly 90 years.1,2  But in early February, that calm came to a sudden end, as the S&P 500 Index fell more than six percent during the first three trading days of the month. By February 8, stocks had fallen more than 10 percent from their January highs, leaving many investors to wonder how things could change so fast. Days later, sentiment had shifted yet again and stocks trended higher.3 The sudden return of volatility has been attributed to a range of factors. Here are a few to consider. The January employment report (released on February 2nd) showed an increase in long-stagnant wage growth, creating fears of accelerating inflation and higher interest rates.4 Inflation is a rise in overall prices, which reduces the purchasing value of money.   Amplifying the economic issues was concern over American fiscal policy. The recent tax cuts have sparked worries that the "fiscal stimulus" may prove inflationary, which also may put upward pressure on interest rates. Yield on the 10-year Treasury bond spiked to 2.88 percent on February 8, hitting its highest level in four years.5 While higher yields are not necessarily bad for stock prices, they do represent competition for investors' dollars. In other words, some investors may be tempted to pull money out of stocks to invest in bonds. The drop in prices also may be tied to the end of monetary easing. The U.S. Federal Reserve (along with other major global central banks) pursued a policy of low interest rates through quantitative easing in recent years. Quantitative easing occurs when central banks work to lower interest rates in an attempt to spur economic growth. While the Federal Reserve announced the end of quantitative easing last fall, the markets may just be feeling the ramifications of the end of the stimulus program.6 Market corrections are a natural part of the investing cycle. Since the end of World War II, there have been 76 corrections of 5 to 10 percent, 26 pullbacks of 10 to 20 percent, eight retreats of 20 to 40 percent and three  draw downs greater than 40 percent.7 A long-range view can be comforting, as you remember that fluctuations have happened many times before.
Market movements in coming weeks are impossible to predict, though continued volatility is likely. Your investment portfolio should reflect your goals, time horizon and risk tolerance. Now is a great time to remember why you invested, stay the course, and avoid overreactions.

  1. CNBC.com, January 29, 2018
  2. Stocks are represented by the S&P 500 Composite index, which is an unmanaged index that is considered representative of the overall U.S. stock market.
  3. Investing involves risks, and investment decisions should be based on your own goals, time horizon and tolerance for risk.
  4. The Wall Street Journal, February 2, 2018
  5. The Wall Street Journal, February 8, 2018
  6. Reuters, September 19, 2017
  7. U.S. News & World Report, February 5, 2018

 Securities and financial planning services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC


Market Watch  -By Mike Bergen

The month of April has opened with some volatile market swings, accompanied by speculation of an escalating trade war. It's during times like this that we need to take a step back, avoid getting caught up in the headlines, and look at the big picture of the economic and market environment. In this case, that means focusing on the fundamentals of positive economic growth, a strong earnings outlook, and still low interest rates. These are the factors that may ultimately lead to this market's recovery and get us back into positive territory.We've been experiencing volatility in the markets since early February of this year, driven first by wage inflation fears (which have since been discounted), and now the big stories are trade concerns and regulatory risk in technology. Concerning trade, the war of words between China and the United States has escalated, but it's important to note that nothing has been put into effect yet. There is room for negotiation, and a compromise may be reached before these proposed tariffs are put in place. However, it's important to remember that volatility and the process of the stock market bottoming out is often not a one-time sell-off. For example, looking back to late 2015, we experienced a market decline in August but, despite a temporary rebound, volatility continued, and the decline did not hit bottom until February 2016. So essentially, this period of volatility extended from August 2015 until February 2016. The important takeaway here is that this volatility could continue for a while and it doesn't necessarily mean we're entering a bear market.The bottom line is that wavering market sentiment can last over a period of weeks (or months). And although you should never be dismissive of risk, the fundamentals may win out. Back in 2015, there were low interest rates, but economic growth was slowing and earnings were weakening. Now, we have strong profits and coordinated global growth to support the recovery process.Market declines and alarming headlines are always going to grab our attention. But that's when I encourage you to remain focused on the underlying factors that have a longer-term impact on the markets and economy.   If you have any questions, I encourage you to contact me. Securities and financial planning services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.2018

Shred Event

It is getting harder and harder to protect our identity!
The US Department of Justice says over 300,000 adults have reported that someone used their personal information without permission already this year. That's about 7% of us!
Criminals use all methods to steal information, which they can use to buy things without us even knowing until it's too late.
One of the best things we can do to help protect ourselves from identity theft is to shred our personal documents.
The Alderfer Bergen Shred Event can do that for you!Bring in any documents you need shredded and we will shred them. There is no limit, so bring them all!


What You Should Bring
Anything that has a signature, account number, social security number, or medical or legal information. That could include employment records, luggage tags, items with signatures, pre-approved credit applications, medical and dental records, checking/savings and ATM receipts, resumes, transcripts, travel itineraries, used airline tickets, utility bills, and computer hard drives.            

There are things you should keep for a certain length of time before destroying, like tax documents (7 years past file date), bank statements (1 year) and pay stubs (only your most recent).
There are things you should always keep, like business agreements, power of attorney information, house and mortgage documents, pension plan documents, your safety deposit box inventory, military records, IRA contribution statements and warranty information.
It can take months, even years, to reclaim your identity after its been stolen. It will only take a few minutes to box up your documents and stop by our "Shred Event".
     See you May 5th!

Riley Radio Days 2018

Riley Radio Days 2018 was another record-setter!
 This year's 26-hour fundraiser for Riley Children's Hospital and the Kosciusko County Riley Kids Fund brought in $81,900. That money will be split by the Kosciusko County Community Foundation between the hospital and the kids fund, which helps families who need to make frequent trips to the hospital in Indianapolis by providing them with gas cards.
 "We live in the best community there is," Mike Bergen said just after the totals were read live on 107.3 WRSW radio Friday evening. "We asked you to help yourfriends and neighbors and you have come through once again."
  An emotional Alan Alderfer read the final total from the tote board. He and Mike started the fund seven years ago. Their own experiences with Riley opened their hearts to create a funding vehicle to help families with travel expenses to-and-from Indy.
Thanks to Kris Lake and everyone at WRSW, to everyone who donated, to those who volunteered, to Suzie and everyone at the Foundation and special thanks to those families who shared their Riley stories with the listeners.
 You can still donate to the fund. Contact the Kosciusko County Community Foundation at 574-267-1901 or at their website at www.kcfoundation.org

AB&C Recipes

Orange Cookies - Submitted by Gee Metzger

Ingredients

  • 1 navel Orange (cut into pieces)
  • 1 cup buttermilk
  • 1 cup margarine
  • 2 cups sugar
  • 2 eggs
  • 1 teaspoon baking soda
  • 1 teaspoon baking powder
  • 4 cups flower
  • powdered sugar
  • Orange Juice

Directions

  1. Preheat oven to 350 degrees
  2. Puree orange and buttermilk
  3. Mix margarine, sugar and eggs (separately)
  4. Add soda, baking powder, flour to mix
  5. Add the orange and buttermilk mixture and chill
  6. Bake at 305 for 8-10 minutes
  7. Frost with mixture of powdered sugar, orange juice and margarine
  8. Serve and Enjoy!!



Ever have a financial question? Go to www.alderferbergen.com and ask Alan, Mike and Jason. They would love to help you, and your question could become the focus of a Smart Money Management episode! 

Did you miss an episode of Smart Money Managementor want to hear an episode again?
We are pleased to announce that you can now go online to  https://www.alderferbergen.com/p/s mart-money-management-radio and hear the shows again. 
You now have the choice of reading the newspaper article or listening to the podcast to learn about that week's topic. We have posted all of the articles and all of the audio from the shows from the start of 2017, and it's there-on demand-whenever you need it!  www.alderferbergen.com  
Smart Money Management Radio
Tune in SaturdaysWRSW 107.3 at 8:30 A.M.Willie 103.5 at 6:30 A.M.News Now 1480 & 99.7 8:00 A.M. SundaysNews Now 1480 & 99.78:00 A.M | 12:30 P.M. | 6:30 P.M.

Have questions about your account or retirement plan? 

Click HERE to send us a messageand we will call back within one business day!

Like us on Facebook and TwitterAlderfer Bergen & Company | 574.267.6766 | Email | Website

November 2017 Newsletter 

Cars: Should You Buy or Lease? Some people approach buying a car like they approach marriage, "till death do us part," which is how I was raised. Others prefer to keep their options open, trading in every few years for the latest body style, the hottest technology, or the highest horsepower. Whichever describes you best, we all face a similar decision when it comes to acquiring a car: finance, lease, or pay cash.
About one-third of people lease their cars, but most choose to finance, and some still pay cash.1 From an investment perspective, which choice is best? That depends on your lifestyle, cash flow, and personal preferences.
  For many, paying cash for a car is the simplest way to get one. When you drive off the lot, you own the vehicle outright and are free to do whatever you want with it. You face no penalties or mileage restrictions, and you have no monthly payments. However, you have paid cash for a vehicle that is expected to depreciate over time.
Financing a car requires a smaller initial outlay of money, usually 10% to 15% of the vehicle's value, in the form of a down payment.2When you drive off the lot, the bank owns the car, not you. As with most loans, you make monthly payments of principal and interest with the promise of eventual ownership. The amount of your payment depends on a variety of factors, including the value of the car, the length of the loan, and the interest rate offered by the lender. Car dealers sometimes will offer "no money down" or low annual percentage rate loans, which can make financing more manageable.
  If you like to have a new car every few years, leasing is an approach to consider. Leasing a car is like renting an apartment. You pay a monthly fee to use the car for a specific amount of time, usually two to three years. Monthly payments are typically lower than when you finance since you are paying for the depreciation on the car while you drive it. In certain situations, lease payments also may have tax considerations.3 However, there are caveats to leasing. For one, a lease typically stipulates the number of miles you are permitted to drive during the course of the lease. At the end of your lease, you may face penalties if you have exceeded the total number of miles in the contract.4


Whatever your relationship with your car, it may eventually come time for a new one. Familiarize yourself with your options. You may find that changing your strategy makes sense in light of your lifestyle or financial situation.

  1. Experian.com, 2016
  2. Cars.com, September 2, 2016
  3. Cars.com, September 2, 2016 
  4.  Cars.com, September 2, 2016

  The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.
Market Watch  -By Mike Bergen
  This time of year can seem quiet, with summer vacations and back to school behind us, but the buzz of the holiday season still a few weeks away. Although this sense of calm may be a welcomed break, there is plenty of activity in the U.S. and around the globe that could impact markets through the end of the year.
  Potential policy changes in the U.S. continue to garner attention, as Republicans in Congress work toward tax reform with an aggressive goal of getting a package on the president's desk by New Year's. Although success is far from assured, progress has been made toward securing a 2018 budget resolution in the House and Senate in order to pave the way for tax reform via the reconciliation process, which enables passage with only 50 votes in the Senate, rather than 60.   Should Congress pass a budget resolution, several factors increase the odds of a successful tax deal. Republicans are seeking a signature win after unsuccessful attempts at healthcare reform, and there is general agreement across the party that tax reform is needed. In addition, there are a large number of elements of the tax code that present negotiation opportunities to secure the toughest votes. Markets have exhibited sensitivity to tax reform's prospects, so we will be watching progress closely. While it has been a relatively quiet year for markets, with no major pullbacks in the broad stock market, it remains important to monitor events around the globe that could be catalysts for change. In the midst of the fourth quarter, and with the busy holiday season approaching, let's remain mindful of these developments without letting them distract us from our long-term goals.  As always, please contact me with any questions you may have.The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. 
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  
Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.
Around the Office -- Halloween Season
    We love this time of year, and we wanted to share some of the things we've been doing this fall here at Alderfer Bergen.  Greg Steffe is a master story-teller, and he led us on the Spirits of Warsaw Ghost Tour again this fall.  He told us tales of a man who was allegedly murdered with an ax, but keeps appearing at night seeking vengeance on those who killed him...carrying an axe.     He also shared the story of the infamous "Warsaw Neck-tie Murders". A woman and her family were allegedly slain by a hobo who jumped off a passing train. Greg took us to the home where the murders occurred.
If you'd like to take Greg's Spirits of Warsaw Ghost Tour, call him at 574-453-7982.  Our kids also love all of the fun things associated with Halloween, like dressing up and carving pumpkins.  The kids enjoy dressing up and walking door-to-door looking for treats.  We adults love the taste of apple cider and pumpkin spice-flavored everything.  We hope your Halloween was great.  I guess our next big fall event is raking leaves-which just isn't as much fun, is it?Christmas Shop for Cure JMThis year's Christmas Shopping for Cure JM event was held November 4th in the Sacred Heart Elementary School Gym. Hundreds of Christmas shoppers came to get an early start on their lists, and they found everything from crafts to pottery to wine - all aimed at Curing JM.  Juvenile Myositis (JM), including Juvenile Dermatomyositis (JDM) and Juvenile Polymyositis (JPM), is a group of rare and life-threatening autoimmune diseases, in which the body's immune system attacks its own cells and tissues.
Weak muscles and skin rash are the primary symptoms of JDM, while muscle weakness without a rash is the primary symptom of JPM. JM is a rare disease and its exact incidence is unknown. Approximately 2 to 4 children in a million in the United States are diagnosed with JM each year.It begins in childhood or the teen years. The average age of onset for JDM is between six to seven years old; 25% are age 4 or less. JPM usually develops several years later.
  JM affects girls twice as much as boys. Once a child is diagnosed with JM, it is always considered to be the juvenile form, even if the patient continues with the disease into adulthood.
  One of those children affected is Alan and Kristine Alderfer's daughter Katherine.  If you'd like to help us Cure JM, log on to http://www.curejm.org/info/jm.php and make a donation. 


AB&C Recipe
Southwestern Egg Rolls & Dip - Submitted by David Allbritten

Ingredients

     Egg Rolls

  • 2 1/2 C shredded cheese
  • 2 C frozen corn (thawed)
  • 1 15 oz. can of black beans (rinsed)
  • 1 10 oz. can diced green chilies
  • 4 scallions (chopped)
  • 1 teaspoon ground cumin
  • 1/2 teaspoon chili powder
  • 1/4 teaspoon cayenne pepper
  • 1 1/2 teaspoon kosher salt
  • 1 16 oz/ package egg roll wrappers
  • 1 egg (lightly beaten)

   Salsa Dip

  • 5 plum tomatoes (quartered)
  • 1 small garlic clove (minced)
  • 1/2 jalapeno (seeded and chopped)
  • 3 scallions, white & green parts only (finely chopped)
  • 1 C loosely packed cilantro leaves and stems (chopped)
  • Juice of 1/2 lime
  • 2 teaspoons kosher salt

Directions

  1. Preheat oven to 425 degrees. Spray baking sheet with cooking spray
  2. In a large bowl, combine cheese, corn, beans spinach chilies, scallions, cumin, chili powder, cayenne and salt. Stir until thoroughly mixed
  3. Lay one egg roll wrapper on a work surface and moisten edges with wet finger (tip: have small bowl of water for moistening fingers)
  4. Scoop 1/4 cup of filing into the center of wrapper; mound into a 1-inch wide log, diagonally across the wrapper, with space to the corners.
  5. Fold the corners over filling, gently pressing down on either side to secure the fold.
  6. Starting at one unfolded corner, gently but firmly roll up the egg roll.
  7. Place on prepared baking sheet and repeat until all filling has been used.
  8. Brush the tops and sides of the egg rolls with beaten egg
  9. Bake until golden brown all over, 15 to 20 minutes
  10. While baking, prepare salsa:
    1. Pulse tomatoes, garlic and jalapeno in a food processor until the tomatoes are almost smooth.
    2. Add scallions, cilantro, lime juice and salt; pulse to combine
  11. Serve and Enjoy!

We are hungry for some new recipes!Do you have a recipe that is a hit at gatherings or around your house?  We would love to share those with everyone who gets the Alderfer Bergen newsletter!
We're looking for main courses, side dishes, appetizers, soups and salads, deserts and even specialty drinks that we can print in each episode.
Please email Roger Grossman with your favorites. His email address is [email protected] And add a picture if you can!

  1. Ever have a financial question? Go to www.alderferbergen.com and ask Alan, Mike and Jason. They would love to help you, and your question could become the focus of a Smart Money Management episode! 

    Did you miss an episode of Smart Money Managementor want to hear an episode again?
    We are pleased to announce that you can now go online to  https://www.alderferbergen.com/p/s mart-money-management-radioand hear the shows again. 
    You now have the choice of reading the newspaper article or listening to the podcast to learn about that week's topic.We have posted all of the articles and all of the audio from the shows from the start of 2017, and it's there-on demand-whenever you need it! www.alderferbergen.com 


Smart Money Management Radio
Tune in Saturdays WRSW 107.3 at 8:30am

                              Willie 103.5 at 6:30am

                              News Now 1480 & 99.7 8:00am                                                                                          Sundays News Now 1480 & 99.7 8:00am | 12:30pm | 6:30pm

Have questions about your account or retirement plan? 

Click HERE to send us a messageand we will call back within one business day!


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Alderfer Bergen & Company | 574.267.6766 | Email | Website
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August 2017 newsletter

Healthy Body, Healthy Pocketbook

People save for a variety of things in retirement. Some dream of vacation homes in tropical destinations, others plan to spend time with grandchildren and family. Of all the activities you are saving for in retirement, did you know that healthcare may have the biggest price tag? One study found that a man would need to save $127,000 and a woman would need to save $143,000 for health care in retirement if they want a 90% chance of being able to pay all their future medical bills.1 Thankfully, your retirement health costs are not set in stone. Of course, you won't have total control over your health in retirement, but there are things you can do to manage your health risks and potential costs. Here are a few tips. 

Get informed - Medical expertise and advice are constantly changing. Keep yourself up-to-date on healthcare news, particularly with regard to issues that have affected you or those related to you. Ask your doctor to help you identify areas of particular concern.

Develop (or maintain) a healthy lifestyle - This boils down to simple wisdom: eat healthy, exercise regularly. 

Limit fats and sugars and increase your intake of whole grains, fruits, and vegetables. If you haven't already, embark on an exercise program you can stick with long term. If it's been a while since you last exercised, consult with your doctor before you begin. Start slowly and work up to your goals. 

Relax - Stress can be detrimental to your health. Maintaining friendships, focusing on hobbies, and taking time to relax may help ensure good mental health. In fact, research shows that staying socially active in retirement can alleviate stress and reduce the risk of depression. It may also aid in the prevention of Alzheimer's disease. 

Learn your numbers - Staying healthy means monitoring a few key numbers. You should know your blood pressure, cholesterol, and body mass index (BMI). Your blood sugar level indicates your risk for diabetes. Your doctor can perform simple tests to help you identify these numbers and recognize any vulnerability you may have.

Get preventative care - Preventing a disease or illness can be much less expensive (and painful) than treating one. As recommended by your doctor, take advantage of free or low-cost diabetes and heart disease screenings, mammograms, and vaccinations. And make sure to get your annual physical. There is no way to guarantee you won't have unexpected healthcare costs in retirement. But maintaining a healthy lifestyle can help you reduce possible health-related expenses-not to mention avoid spending precious time in the recovery room.
1. Employee Benefit Research Institute, 2017 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

ATTENTION PLEASE!!!  

 Clients with account activity in July will receive the redesigned August month-end statements. All investors will receive redesigned quarterly statements in October regardless of account activity.

Market Watch  -By Mike Bergen
  The hottest part of the summer has arrived in Indiana. At the same time, the stock market has put together a pretty impressive hot streak of its own, achieving a series of record highs and avoiding a 5% pullback for over a year. Although this pullback "drought" is not unprecedented, it is rare, and provides a reminder that while it may be summer vacation time, we cannot become complacent.So have stocks overheated given this long stretch of calm? Here are several reasons to suggest conditions for investing may still be comfortable:

- Earnings are on the upswing.

 Second quarter earnings season is underway and consensus estimates are calling for a second straight quarter of double-digit earnings growth for the S&P 500 Index. Corporate tax reform, still a realistic possibility in early 2018 despite the failed healthcare reform effort to date, provides upside to already solid earnings growth expectations in 2018.

- The Federal Reserve (Fed) remains careful.

  The Fed will likely hike interest rates very gradually, minimizing the chances of a major market disruption or abrupt recession. The Fed may only hike rates once more this year, while the bond market is currently pricing in just one hike in all of 2018. During the economic expansion of the 1990s, the U.S. economy grew for seven years after the first rate hike of that cycle (the first hike of the current cycle came in December 2015).

- The U.S. economy isn't overheating.

 Consumers and businesses are not exhibiting the same type of overspending, over borrowing, or overconfidence seen at other major market peaks. While we are likely past the cycle's midpoint, we are not at the end of this economic expansion and bull market.

Sentiment is balanced.*

 Balanced sentiment suggests investor optimism has not become excessive, reducing the odds of a selling wave pressuring the market in the near term and suggesting buyers still could potentially be lured off the sidelines and support stocks.

Valuations, in context, still look reasonable.

 Stock valuations have historically been higher when interest rates and inflation have been low. Given low interest rates and benign and falling inflation readings, the stock market should not be viewed as meaningfully overvalued. These factors help give me comfort that the stock market is not overheating. However, there are some clear risks that could cool this market down, such as a difficult path ahead for tax reform and a tough 2018 budget battle looming on Capitol Hill this fall. Future developments will continue to be closely monitored. So as you head out to the beach this summer, use sunscreen and drink plenty of water so, like the markets and the U.S. economy, you don't get overheated. Watch out for the riptides and jellyfish, but don't let fear keep you out of the water.
  As always, please contact me with questions.*Sentiment survey results are from the American Association of Individual Investors (AAII), an independent, nonprofit corporation.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. Indexes are unmanaged and cannot be invested into directly. Economic forecasts set forth may not develop as predicted.Investing in stock includes numerous specific risks including: the fluctuation of dividend, loss of principal and potential illiquidity of the investment in a falling market.Bonds are subject to market and interest rate risk if sold prior to maturity. Bond and bond mutual fund values and yields will decline as interest rates rise and bonds are subject to availability and change in price.The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.The AAII Investor Sentiment Survey is published in financial publications including Barron's and Bloomberg providing a measure of the mood of individual investors. 
This research material has been prepared by LPL Financial LLC.Securities offered through LPL Financial LLC. Member FINRA/SIPC.

Beware of Spam!

While some may be concerned about the iconic American meat that arrives in a rectangular 12-ounce tin (and is inexplicably popular in certain island states and American territories), more should be wary of its namesake - the spam that arrives digitally as email, text, and social media messages. The latter type of 'spam' took its name from the former.   

Half of email is spam 

Most people who have encountered digital spam don't like it much, either. In fact, one cyber security company estimates spam comprised about 56 percent of all email traffic during the first quarter of 2017. Phishing is one type of spam. It occurs when cyber criminals send messages that promise untold wealth or attempt to steal (or persuade you to share) personal, account, or password data. Whale phishing generally targets high-profile executives or people with specific job titles. The goal is to convince them to disclose passwords or information that give criminals access to confidential information. This year, a Lithuanian man was arrested after convincing employees at technology companies to transfer $100 million into accounts he controlled.

We're all vulnerable 

It can be extremely difficult to distinguish phishing scams from genuine digital messages. Often, phishing messages appear to be from reputable organizations or individuals, and it seems criminals refine their approaches every time the public learns how to protect itself. 

Use common sense 

Since it's not easy to avoid technology, it's a good idea to become familiar with the basic steps you can take to protect yourself from phishing scams. The Federal Trade Commission (FTC) recommends:
Deleting email and text messages that ask you to confirm or provide personal information, account numbers, or Social Security numbers. If the email contains a threat, be even more cautious.Don't reply to, click on links in, or dial phone numbers provided in the digital message.

Use security software and set it to update automatically. Never email personal or financial information of any kind. Review your credit card and bank account statements as soon as you receive them. Think twice before opening attachments or downloading files. They may contain viruses or other malware. If you suspect an email is fraudulent, forward it to [email protected], and contact the organization or individual impersonated.If you've been tricked by spam, there are steps you can take to minimize risks and seek justice. Visit the FTC website by CLICKING HEREto learn more. Securities offered through LPL Financial. Member FINRA/SIPC. This material was prepared by Peak Advisor Alliance. Peak Advisor Alliance is not affiliated with the named broker/dealer.
 
2017 Kosciusko County Fair
  Thousands of people attended the 2017 Kosciusko County Community Fair in July.
It was a hot steamy week, as it always seems to be for fair week, but everyone had a great time.
  The 4-H barns were filled with animals ranging from the horses and dairy cows to ducks and geese.
  The 2017 Kosciusko County 4-H Queen was Lacey Helfers, while the King was Hunter Magiera.
  This year's 2017 Miss Kosciusko County Fair Queen was Allison Stump, and Kyla Kohler was crowned the 2017 Miss Teen Kosciusko County Fair Queen. The rides were busy with young people-some twisting high into the air or spinning in wild circles, making riders squeal with delight or fear.
The grandstand entertainment included a demolition derby, truck and tractor pulls and a monster truck bash.  
Fair Week is the culmination of a lot of hard work by a lot of people.   We at Alderfer Bergen & Company want to congratulate everyone, grand-champions and non-champions alike, for a job well-done!
Your effort was noticed and appreciated. 

AB&C Recipes
Lemon Delight - Submitted by Sylvia Richards

Ingredients

  • 2 C. Flour
  • 2 sticks of butter or oleo
  • 1 C chopped pecons
  • 2 8oz packages of cream cheese
  • 2 C powdered sugar
  • 2 packages of instant lemon pudding
    • can substitute chocolate or butterscotch
  • 3 C Milk
  • 1 tub of Cool Whip

Directions

  1. Mix well the flour, butter/oleo and pecans
  2. Press into 9 x 13 pan and bake at 375 degrees for 15 minutes
  3. While it's cooling, mix well the cream cheese and powdered sugar
  4. Spread cream cheese mixture on top of cool crust and refrigerate
  5. Mix pudding and milk, then spread on top of cream cheese mixture and Refrigerate
  6. When set, top with Cool Whip then refrigerate for 2 hours
  7. Serve and Enjoy!

We are hungry for some new recipes!

Do you have a recipe that is a hit at gatherings or around your house?  We would love to share those with everyone who gets the Alderfer Bergen newsletter!
We're looking for main courses, side dishes, appetizers, soups and salads, deserts and even specialty drinks that we can print in each episode.
Please email Roger Grossman with your favorites. His email address is [email protected] And add a picture if you can!
Ever have a financial question? Go to www.alderferbergen.com and ask Alan, Mike and Jason. They would love to help you, and your question could become the focus of a Smart Money Management episode! 

Did you miss an episode of Smart Money Managementor want to hear an episode again? We are pleased to announce that you can now go online to  https://www.alderferbergen.com/p/s mart-money-management-radioand hear the shows again. 

  You now have the choice of reading the newspaper article or listening to the podcast to learn about that week's topic.We have posted all of the articles and all of the audio from the shows from the start of 2017, and it's there-on demand-whenever you need it! www.alderferbergen.com 
Smart Money Management Radio
  Tune in SaturdaysWRSW 107.3 at 8:30 A.M.Willie 103.5 at 6:30 A.M.News Now 1480 & 99.7 8:00 A.M. SundaysNews Now 1480 & 99.78:00 A.M | 12:30 P.M. | 6:30 P.M.

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June/July 2017 Newsletter

Four Great Reasons to Invest

Forty-eight percent of Americans do not own any stocks or stock-related investments, such as mutual funds, according to a recent Gallup poll.¹Individuals may cite different reasons for not investing, but with important long-term financial goals, such as retirement, in the balance, the reasons may not be good enough.

Make Money on Your Money

You might not have a hundred million dollars to invest, but that doesn't mean your money can't share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

Achieve Self-Determination and Independence

When you build wealth, you may be in a better position to pursue the lifestyle you want. Your life can become one of possibilities rather than one of limitations. 

Leave a Legacy to Your Heirs

The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital tostart a business, or financial support to your grandchildren.

Support Causes Important to You

Wealth can be an important tool for impacting the world in a meaningful way. So whether your passion is the environment, the arts, or human welfare, you can use your wealth to affect positive changes in your community or around the world.


A Framework for Investing

The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the natureof your financial goal.²Because investing can be complicated, consider talking to one of us here at Alderfer Bergen & Co to help guide you on your wealth-building journey. We are available if you or your family need any help or guidance with your savings and retirement goals.

  1. Gallup.com, April 20, 2016
  2. Diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.

 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

MARKET WATCH -By Mike Bergen
An important shift has taken place in this economic cycle. The Federal Reserve (Fed) was finally able to start following through on its projected rate hike path, raising rates twice in just over a three-month period. By doing so, the Fed showed increasing trust that the economy has largely met its dual mandate of 2% inflation and full employment, that the economy is progressively able to stand on its own two feet, and that fiscal policy may now provide the backstop to the economy that monetary policy has provided throughout the expansion. The gauges say growth engines and market drivers may have changed: power down monetary policy, power up business fundamentals, and potentially take fiscal policy and economic growth off standby. Thus far in 2017, the consistency of this new fiscal-led dynamic has been uneven, leading to shifting market leadership amidst low volatility and a narrow trading range for major market indexes. To be sure, in the post-election rally, the financial markets began to price in many of the pro-growth policies offered by the Trump administration.  Yet, despite an initial flurry of activity, political momentum slowed, and investor sentiment dampened even as consumer and business confidence remained high. It is important for investors to appreciate that despite these developments, U.S. equity indexes managed to progress through the first half of 2017 either at, or very near, all-time highs. Moreover, signs of financial stress, based on interest rates, credit spreads, and market volatility, remained largely absent. Most importantly, even with fiscal policy on standby, the return to business fundamentals, such as renewed corporate earnings growth, can now act as a market catalyst.  The Fed will still have its role to play, but monetary policy is powering down as the driver of financial market strength. Despite the significant role of monetary policy as a market driver throughout this expansion, general investing principles have held true. The ability to form a good plan and stick to it, with judicious adaptation to the market environment, is the time-tested foundation of continued progress toward financial goals. If we are shifting to new market dynamics, including a greater role for corporate profits and fiscal policy, understanding the evolving opportunities will be important for diversified investors.The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

MEET ELLIS COON 

  Ellis Coon loves to run, and he's really good at it.
  This summer, he's sharpening his skills at another passion of his-financial planning.
  Ellis is helping our team at Alderfer Bergen this summer as an intern, and he is having a significant, immediate impact on our mission to help people with their finances.
  From helping run pension estimates to researching investment selections, he's jumped in with both feet.
  "I like to help people, and people need financial help", Coon says. "I enjoy meeting with people and sharing my insights with them".
  Coon graduated from Warsaw Community High School in 2014, and was a member of some outstanding cross country and track teams here.
  That led him to be a sought-after athlete by colleges around the country.
  "I chose Tulsa over Temple, Texas and Villanova because it had the best combination of a strong business school, a solid financial aid package and a good cross country team", he added. "And they also had a good law school".  Law school?
 "Law school was my first choice for getting an education. I originally wanted to go into law to help people, but financial planning fit my skills better. I am not very confrontational, so being in the field of law wasn't the best".  
 He says he likes the relationship that he sees between the Alderfer Bergen staff and the clients we serve.
  Ellis told us about how his success in high school has carried over into not only his being able to run in college, but also to his growing interest in being a financial planner.
  "Success in high school sets you up for success in the future", Coon says. "When you challenge yourself in high school, you will be ready for the challenges that come your way in the future. Performing well in the classroom leads to good 
grades, and when you combine that with performing well on the track and cross country course-it leads to a lot of open doors".
  Ellis also says there are two traits that good runners and good financial planners share.
"Attention to detail and work ethic are really important to both", Coon says. "Paying attention to the little things as a runner, like what you eat and when you eat and how much sleep you are getting, can give you an edge on your opponent. When you are in financial planning, the small things could make a big difference for your clients."
  He says he really enjoys being at Alderfer Bergen, and we asked him what his 'ideal job of the future' might be.
  "I would like to become a manager for a not-for-profit organization.  I want to help people through charity. If my job is to help people that way, it would be very important to me."
  He also could see himself as a high school economics teacher who coaches cross country and distance runners in track and field.
  We are glad to have Ellis Coon on our team!
 
Independence Day
The Unites States of America will celebrate its 241st birthday on July 4th.
  It marks the day that the first Continental Congress signed the Declaration of Independence at the Pennsylvania Statehouse in Philadelphia in 1776.
  That first Congress actually met and voted to approve breaking away from Britain July 2, but spent that day and the next writing and revising the text of the document. 34 delegates signed the Declaration of Independence in Philadelphia that day. 22 others signed it in August.
  A local Philadelphia printer was ordered to make 200 copies of the Declaration to be posted throughout the 13 existing colonies. Only 26 of those copies remain.
Happy birthday America...may God continue to 'shed His grace on thee!'


AB&C Recipes
Steve's Pasta Salad - Submitted by Mary Ann Swihart

   Ingredients

  • 1 lb. Angel Hair Pasta
  • 1 Lg. Ranch Dressing
  • Garlic Salt
  • Minced Garlic
  • Salt & Pepper
  • 1 bunch chopped green onions (with tops)
  • 1 or 2 cups chopped celery
  • Diced Tomatoes

Directions

  1. Mix all ingredients in large bowl
  2. Refrigerate
  3. Serve and Enjoy!


Marinated Flat Iron Steak

  Ingredients

  • 2-3 lbs. flat iron steak
  • 1 - 10 oz. can of beef consommé
  • 1/3 cup soy sauce
  • 1 1/2 T seasoning salt
  • 1/4 cup green onions (sliced)
  • 1 clove garlic, minced
  • 2 T. fresh lime juice (1 lime)
  • 2 T. brown sugar (or 1 1/2 T. honey)

Directions

  1. Combine all ingredients and marinate iron steak in the refrigerator overnight
  2. Remove from refrigerator at least 30 minutes before cooking
  3. Grill 5 minutes on each side (times may vary depending on temperature of grill)
  4. Slice steaks into strips, Serve and Enjoy!

Ever have a financial question?

Go to www.alderferbergen.com and ask Alan, Mike and Jason. They would love to help you, and your question could become the focus of a Smart Money Management episode! 

INTRODUCING SMART MONEY MANAGEMENT TV!

Click HERE to watch videos aimed at helping you be a better investor. 

Did you miss an episode of Smart Money Managementor want to hear an episode again?
We are pleased to announce that you can now go online to  https://www.alderferbergen.com/p/s mart-money-management-radioand hear the shows again. 
You now have the choice of reading the newspaper article or listening to the podcast to learn about that week's topic.We have posted all of the articles and all of the audio from the shows from the start of 2017, and it's there-on demand-whenever you need it! www.alderferbergen.com 
Smart Money Management Radio
Tune in SaturdaysWRSW 107.3 at 8:30 A.M.Willie 103.5 at 6:30 A.M.News Now 1480 & 99.7 8:00 A.M. SundaysNews Now 1480 & 99.78:00 A.M | 12:30 P.M. | 6:30 P.M.

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Alderfer Bergen & Company | 574.267.6766

May 2017 Newsletter

Withdrawing Strategies for Retirement

For most, retirement and the idea of taking money out of your savings will be difficult to grasp.  Just take a minute and think about it.  You have been saving money for a long time, some of you all your life, and when it is finally time to retire, the money you use to live usually is the money you've been saving all these years.  However, just know that a having a strategy put in place when it comes time to withdrawal, can put your mind at ease and potentially extend your savings beyond your lifetime.
The typical retirement strategy is built on the pillars of your 401(k) plan, your IRA, and taxable savings. Getting the instruments of your retirement to work in concert has the potential to help you realize the retirement you imagine.¹
Maximizing the effectiveness of your retirement strategy begins with understanding the hierarchy of savings.
If you're like most Americans, the amount you can save for retirement is not unlimited. Consequently, you may want to make sure that your savings are directed to the highest priority retirement funding options first. For many, that hierarchy begins with the 401(k), is followed by an IRA and, after that, put toward taxable savings.
You will then want to consider how to invest each of these savings pools. One strategy is to simply mirror your desired asset allocation in all retirement accounts.²
 Another approach is to put the income-generating portion of the allocation, such as bonds, into tax-deferred accounts, while using taxable accounts to invest in assets whose gains come from capital appreciation, like stocks.³
When living off your savings, you'll want to coordinate your withdrawals.  One school of thought recommends that you use your taxable accounts first so that your tax-deferred savings will be afforded more time for potential growth.
A second school of thought suggests you take distributions first from your poorer performing retirement accounts, since this money is not working as hard for you.
Finally, because many individuals have both traditional and Roth accounts, your expectations about future tax rates may affect what account you withdraw from first.  For instance, if you think tax rates are going to increase in the future, you might consider withdrawing from the traditional (pre-tax) account before the Roth.  If you're uncertain, you may consider withdrawing from the traditional up to the lowest tax bracket, then withdrawing from the Roth for additional funds that year.
No matter who you are, every single person's scenario and strategy is different.  Your strategy should reflect your personal risk tolerance, time horizon, and goals.
 If you ever have any questions, feel free to let us know and we can talk about your withdrawal strategy in retirement. 1.Distributions from 401(k) plans and traditional IRAs are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty. Generally, once you reach age 70½, you must begin taking required minimum distributions. 401(k) plans and IRAs have exceptions to avoid the 10% withdrawal penalty, including death and disability. Contributions to a traditional IRA may be fully or partially deductible, depending on your individual circumstances.
2. Asset allocation is an approach to help manage investment risk. Asset allocation does not guarantee against investment loss. 3.The market value of a bond will fluctuate with changes in interest rates. As rates rise, the value of existing bonds typically falls. If an investor sells a bond before maturity, it may be worth more or less than the initial purchase price. By holding a bond to maturity an investor will receive the interest payments due plus their original principal, barring default by the issuer. Investments seeking to achieve higher yields also involve a higher degree of risk. The return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost.  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

Market Watch  -By Mike Bergen

After an extended period of low volatility, markets have been in a bit more challenging environment over the last several weeks. The S&P 500 has retreated modestly since its last high on March 1, and long-term interest rates have declined over the same period, pushing bond prices higher.   These kinds of consolidations can be reassuring and healthy for markets from a longer-term perspective.  What may have initially been overly optimistic expectations of the timing and impact of pro-growth policies in Washington, D.C., adjust to a still likely positive outlook, but with a more realistic timeline.  In some respects, some policy risks have declined as President Trump has become more focused on his primary legislative agenda. While the president retains his emphasis on fair trade, trade tensions with China have abated some after the president shifted his emphasis from currency manipulation to enlisting China's cooperation on the North Korean threat. The president's tone on renegotiating NAFTA has also moderated. A more balanced approach to trade policy may have reduced one potential market concern.  Despite a steady economic and earnings backdrop supporting markets, there are still several risks that need to be carefully monitored. A policy mistake by a major government or central bank, geopolitical threats in the Korean Peninsula and Middle East, and elevated stock valuations are among the challenges markets face that may contribute to bouts of increased volatility. Don't forget that opportunities can come from volatility. I encourage you to stick to your long-term plan and stay invested. Investing is a marathon, not a sprint. As always, if you have any questions please contact me. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

Alderfer Bergen Shred Event 

The 2017 Shred Event held on April 29th at the AB & Co. offices on Market Street was a huge success.
  On a rainy, windy spring morning in Warsaw, over 50 people brought a ton (literally 2,063 pounds) of items for us to shred to protect their identity. We filled eight 96 gallon containers and had 16 other boxes filled with documents and statements that Barker Archives Inc. took away and put through their shredders.
  We want to send out a special thank you to Barker's for helping us collect and shred all of the documents you brought to us.  

What You Should Shred If you missed the AB & Co. Shred Event but still have things that need shredded, please get that done right away. Generally, you should shred anything that has a signature, account number, social security number, or medical or legal information. That could include:

  •  Employment records
  •  Luggage tags
  •  Pre-approved credit applications
  •  Medical and dental records
  •  Checking/savings/ATM receipts
  •  Resumes and transcripts
  •  Travel itineraries
  •  Used airline tickets
  •  Utility bills
  •  Computer hard drives/CDs

GIFT BASKET WINNERS
 Congratulations to Mazie Kreicker, Tammy Rhoades and Jan Hammaker for winning our gift baskets. 
Even though the weather wasn't great this year, we had a great time seeing everyone who brought documents to shred for this year's Shred Event!

Your Summer Travel Guide
Most of us take time during June and July to get away from the normal routine and do something fun.
 As we head into summer, we want to share some tips from people who know what they are talking about to help make this a great summer for you and your family.

IF YOU ARE FLYING
The Travel Channel's Samantha Brown has a couple of ideas for you to consider as you are planning to fly out this summer:

  • Know the airports. Part of the stress of airline travel is trying to figure out where you are and where you need to get to. Download a map of the airports you will be flying into and out of and take time to study it.
  • Anticipate flight delays. In the summer, thunderstorms, both where you are and where you are going, can grind your travel to a stop. Don't cut your layovers too close.

Also think about these things:

  • Pack plenty of snacks and activities in your carry-on. A child who isn't hungry and isn't screaming on the plane makes everyone happy.
  • Pack lightly. It's summer, so see if you can pack everything in your carry-ons.
  • Pick the right day to fly. Find flights that depart on Tuesday, Wednesday or Thursday. They generally cost less  and are less crowded.

IF YOU ARE DRIVING

  • Get your vehicle in for a tune up. Don't be stuck waiting for help to arrive. Get your belts, hoses, tires, battery and fluids inspected a week before you leave. That gives you time to make any repairs.
  • Wear sunscreen. Of course you will if you are going to be outside, but you will also want to wear it while you are traveling. The sun coming in the un-tinted windows of your vehicle can cause a sunburn too.
  • Stop every two hours. It helps break up the trip, lets everyone stretch their legs and get a restroom break.
  • Drink plenty of water. Again, a no-brainer if you are going to be outside, but have some water in the vehicle too so everyone stays hydrated.
  • Don't drink and drive. Enough said, right? 

AB&C Recipe
Fresh Broccoli/Mandarin Salad - Submitted by Pat HammondIngredients

  • 1 egg plus 1 yolk - lightly beaten
  • 1/2 cup sugar
  • 1 1/2 teaspoons cornstarch
  • 1 teaspoons dry mustard 
  • 1/4 cup vinegar
  • 1/4 cup water
  • 3 tablespoons butter-softened
  • 1/2 cup mayonnaise
  • 4 cups fresh broccoli florets (1" cuts)
  • 1/2 cup golden raisins
  • 6 slices of bacon - cooked, crumbled
  • 2 cups fresh mushrooms - sliced
  • 1/2 cup slivered almonds - toasted
  • 1 can (11 oz) mandarin oranges - drained
  • 1/2 medium red onion - sliced in 1/8" rings

Directions

  1. In the top of a double boiler, whisk together egg, egg yolk, sugar, cornstarch and mustard.
  2. Combine vinegar and water then whisk into the egg mixture
  3. Place over hot water and cook, stirring constantly until mixture thickens
  4. Remove from heat and stir in butter and mayonnaise
  5. Chill
  6. Toss dress with remaining ingredients in serving bowl.
  7. Serve chilled, store in refrigerator



Did you miss an episode of Smart Money Managementor want to hear an episode again?
We are pleased to announce that you can now go online to  https://www.alderferbergen.com/p/s mart-money-management-radioand hear the shows again. 
You now have the choice of reading the newspaper article or listening to the podcast to learn about that week's topic.We have posted all of the articles and all of the audio from the shows from the start of 2017, and it's there-on demand-whenever you need it! www.alderferbergen.com

April 2017 Newsletter

April 2017

 Trends in Charitable Giving

 According to Giving USA 2016, Americans gave an estimated $373.25 billion to charity in 2015. That's the highest total in more than 60 years since the report was first published.

 Americans give to charity for two main reasons: To support a cause or organization they care about, or to leave a legacy through their support.

 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:

 Direct gifts are just that: contributions made directly to charitable organizations. Direct gifts may be deductible from income taxes depending on your individual situation.

Charitable gift annuities are not related to annuities offered by insurance companies. Under this arrangement, the donor gives money, securities, or real estate, and in return, the charitable organization agrees to pay the donor a fixed income. Upon the death of the donor, the assets pass to the charitable organization. Charitable gift annuities enable donors to receive consistent income and potentially manage taxes.

Pooled-income funds pool contributions from various donors into a fund, which is invested by the charitable organization. Income from the fund is distributed to the donors according to their share of the fund. Pooled-income funds enable donors to receive income, potentially manage taxes, and make a future gift to charity.

Gifts in trust enable donors to contribute to a charity and leave assets to beneficiaries. Generally, these irrevocable trusts take one of two forms. With a charitable remainder trust, the donor can receive lifetime income from the assets in the trust, which then pass to the charity when the donor dies; in the case of a charitable lead trust, the charity receives the income from the assets in the trust, which then pass to the donor's beneficiaries when the donor dies.

Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.

Donor-advised funds are funds administered by a charity to which a donor can make irrevocable contributions. This gift may have tax considerations, which is another benefit. The donor also can recommend that the fund make distributions to qualified charitable organizations.

Some people are comfortable with their current gifting strategies. Others, however, may want a more advanced strategy that can maximize their gift and generate potential tax benefits. If you have questions regarding gifting and the impact it might have on your estate, don't hesitate to reach out and we can answer your donation questions!

Remember, the information in this article is not intended as tax or legal advice. And it may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.

 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 

 Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

 Market Watch  -By Mike Bergen

 After the scorching start to the beginning of the year, the stock market has cooled a bit. The S&P 500 followed January's 1.9% gain with a 4.0% return in February, delivering the best monthly gain since 6.8% in March 2016 and extending its monthly winning streak to four. Not to be outdone, the Dow had an impressive 12-day win streak that ended on February 28, the longest streak since 13 in January 1987.  March, however, has seen the market pull back a little (LPL Research, 3/17/17).

Against this backdrop, the Federal Reserve (Fed) has remained a focus for market participants. In a widely expected move that was fully priced into the bond market for several weeks, the Fed's policymaking arm, the Federal Open Market Committee (FOMC), raised rates 0.25% (25 basis points). With this move, the FOMC affirmed its belief in the strength of the U.S. economy and upgraded its views on business capital spending. The Fed continued to indicate that any future rate hikes would be data dependent and gradual, good news for those concerned that the recent strength in the economy and markets would lead the Fed to take a more aggressive tightening stance. LPL Research continues to expect the Fed to raise rates twice more in 2017, consistent with the Fed's guidance, and expect Fed policy to be more of a steadying hand than a disruption.

Despite the Fed's recent vote of confidence in the economy, encouraging economic data, and strong start to 2017 for the stock market, periods of volatility are to be expected. A policy mistake by a government or central bank, uncertainty surrounding the new presidential administration, Brexit, China's debt problem, and elevated stock valuations all present challenges. That said, I continue to encourage you to stick to your long-term plan and stay invested.

 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

 Securities and Advisory services offered through LPL Financial, a registered investment advisor.  Member FINRA/SIPC.

 Riley Radio Days 2017 Recap

 Mike, Alan and everyone at Alderfer Bergen & Company want to thank everyone who helped in any way with Riley Radio Days on 107.3 WRSW last month.

 For the second consecutive year, you helped Mike and Alan raise more than $74,500 for the KC Riley Kids Fund, which helps families whose children need treatment at Riley Children's Hospital in Indianapolis. 

   Half of the money raised will go directly to Riley Children's Hospital, while the other half will stay here in Kosciusko County. It will be used to help pay for food, gas cards and lodging on their trips to Indianapolis for their kids' treatments.

 "It's another example of how special our community is", Alan Alderfer said. "We know what it's like to make frequent trips to Riley, and we are glad that this fund is helping families in Kosciusko County".

 Alan and Mike want to send out a special thank you to everyone at WRSW, Suzie Light from the Kosciusko County Foundation, for the dozens of people who manned the phone lines to take donations, for all of you who donated to the fund and to the Riley families who shared their stories on the radio. None of this would be possible without your help.

 HOW YOU CAN HELP

 If you would like to donate to the KC Riley Kids Fund, it's not too late to do that! Go to www.KCFoundation.org/Donate or mail a check to the foundation at 102 East Market Street, Warsaw, IN 46580 (put KC Riley Kids Fund on the memo line).

If you know someone who might need assistance from the fund, call 574-372-3500 to schedule an appointment. 

MARK YOUR CALENDAR!!

2017 AB & Co.  Shred Event

It is getting harder and harder to protect our identity!

Criminals use all methods to steal information about us, which they can use to buy things without our permission.

One of the best things we can do to help prevent identity theft is to shred our personal documents.

Bring in any documents you need shredded and we will shred them. There is no limit, so bring them all on April 29th between the hours of 9:00 A.M. and 12:00 P.M.

What You Should Bring

Anything that has a signature, account number, social security number, or medical or legal information. That could include:

  •  Employment records
  •  Luggage tags
  •  Items with signature
  •  Pre-approved credit applications
  •  Medical and dental records
  •  Checking/savings/ATM receipts 
  •  Resumes
  •  Transcripts
  •  Travel itineraries
  •  Used airline tickets
  •  Utility bills
  •  Computer hard drives/CDs

Keep Before Shredding

  •  Tax documents-7 years past file date
  •  Bank Statements-1 year
  •  Pay Stub-Keep most recent

Always Keep These

  •  Business agreements
  •  Power of attorney information
  •  House and mortgage documents
  •  Pension plan documents
  •  Safety deposit box inventory
  •  Military records
  •  IRA contributions statements
  •  Warrant information

 It can take months, even years, to reclaim your identity after its been stolen. It will take a few minutes to stop by our "Shred Event".                  

 See you April 29th!

AB&C Recipe

Beef Taco Plate

 - Submitted by Pat Hammond

Ingredients

  • 4 lbs ground beef
  • 2 envelopes taco seasoning
  • 1 cup of water
  • 4 - 8 oz packages of cream cheese
  • 1 cup milk
  • 2 envelopes of ranch salad dressing
  • 4 - 4 oz cans of chopped green chillies (drained)
  • 1 cup chopped green onions
  • 3 - 4 cups of shredded romaine lettuce
  • 2 cups shredded cheddar cheese
  • 4 medium tomatoes (seeded, chopped)
  • 2 - 3 packages (13 oz pkgs each) tortilla chips 

Directions

  1. In a Dutch oven, brown the ground beef and drain
  2. Stir taco seasoning into water and bring to a boil, reduce heat to simmer for 15 minutes
  3. In large mixing bowl, add cream cheese, milk and dressing mixtures, beat until blended
  4. Spread cheese mixture over two 14-inch plates
  5. Layer beef mixture, chilies, onions, romaine lettuce, cheese, and tomatos
  6. Arrange tortilla chips around the edge of the plates
  7. Serve and Enjoy!

Did you miss an episode of Smart Money Management or want to hear an episode again?

 We are pleased to announce that you can now go online to https://www.alderferbergen.com/p/smart-money-management-radio and hear the shows again.  

You now have the choice of reading the newspaper article or listening to the podcast to learn about that week's topic.

We have posted all of the articles and all of the audio from the shows from the start of 2017, and it's there--on demand-whenever you need it! 

www.alderferbergen.com

                                    Smart Money Management Radio

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                                                      Sundays

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Alderfer Bergen & Company | 574.267.6766 | Email | Website

 Alderfer Bergen & Co, 122 W. Market St., Warsaw, IN 46580

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February 2017 Newsletter 

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January 2017 Newsletter 

Money saving tax tips.....

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