FINANCIALLY FOCUSED

July 2021 Newsletter

Summer Activities: Fun with Family and Friends, From Barbeques to Golf, travelling to a favorite destination, Beach or Lake, hiking or camping, slow down take in the sun and get out there and play!

One thing with travel and being out and about during summer is a theme that we keep seeing: The non-stop scams for ID theft. A good example is I got a call on my phone the other day telling me that my Social Security number was compromised and was “suspended”. That was a new one to me and very well done as a scam, but I knew that was not possible. Keep diligent as there is no shortage of new ideas to get your personal information. Because of that fact we recommend periodically checking your accounts and looking for things like address, contact changes or any other material changes such as ownership and beneficiaries as a just in case measure to prevent theft. That is why for your protection we have a process that requires You to sign off and document changes for any accounts.

As always, if you have any questions feel free to reach out to us at any time as we are always happy to help.

Thank you!

Pension or Lump Sum: Which Should You Choose?

Traditional pensions, which promise lifetime income payments in retirement, have become less common in the private sector, with only about 10% of workers currently participating in a traditional pension plan. However, pensions are still widely offered in federal, state and local government employment, and 61% of workers expect a pension to be a major or minor source of retirement income.¹

Continue Reading Here

A Backup Plan for Your Paycheck

Your ability to earn a paycheck may be your most valuable asset. In a 2020 survey, two out of three people said it would take six months or less for their household to face a financial impact if the primary wage earner became disabled. Half said they would use their personal savings, and many would have to ask for help from their families, take out loans, or tap retirement accounts.³

Read More Here

Strawberry Ice Cream

Use your ice cream maker to create this rich and creamy strawberry ice cream.

Get Mixing!

¹ https://www.ebri.org/docs/default-source/rcs/2020-rcs/2020-rcs-summary-report.pdf ?sfvrsn=84bc3d2f_7
² https://www.foodbeast.com/news/til-people-used-to-rent-pineapples/
³ https://www.limra.com/siteassets/newsroom/industry-trends/2020-images/DIAM2020factsheet.pdf

Advisory services are offered by Optimum Wealth LLC a Registered Investment Advisor in the State of New Hampshire. Insurance products and services are offered through Optimum Financial LLC dba Optimum Benefits, an affiliated company. Optimum Wealth LLC and Optimum Financial LLC are not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. The information contained herein is not an offer to sell or a solicitation of an offer to buy the securities, products or services mentioned, and no offers or sales will be made in jurisdictions in which the offer or sale of these securities, products or services is not qualified or otherwise exempt from regulation. The information contained in this material have been derived from sources believed to be reliable, but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed.

Optimum Wealth LLC and Optimum Financial LLC are not affiliated with or endorsed by Centers for Disease Control and or any government agency. The content of this email is for informational purposes only and should not be used to make any financial or personal decisions.