Sarasota-Manatee experts: Where you should be financially by age 40
Excerpt from the Sarasota Herald Tribune
Sarasota-Manatee experts: Where you should be financially by age 40 07/16/2019 by Dale White
Financial advisers offer tips for Generation X.
Known as Generation X, individuals in their late 30s to early 50s are at a stage in life in which they may have to care for others more than themselves. They could have a child in or about to enter college. They may have an aging parent who requires time and attention.
Their own financial security can be easily postponed. Yet should it be, especially if they want to build a nest egg over several decades that could secure them a comfortable retirement?
The Herald-Tribune asked Evan Guido of Aksala Wealth Advisors, Matthew McAleer of Cumberland Advisors and Micah Keel of oXYGen Financial to share what recommendations they would give a 40-year-old individual or couple regarding their current and future investment plans.
-What should an individual or a married couple do by the age of 40 in terms of saving and investing if that person or couple wants a comfortable retirement at age 65?
–If a 40-year-old has not prudently invested during his or her adult years so far, should that person invest aggressively in an effort to make up for lost time?
How can the 40-year-old prioritize saving for his or her future when at an age when one or more children may need help with college tuition, or an elderly parent may need assistance with medical or other expenses?
-How should that 40-year-old’s investment portfolio change over the course of the next 25 years?
Since the ’08-’09 financial crisis, it has been astounding to watch as investment pours into Florida’s Sarasota-Manatee region. Construction cranes dot the skyline, new housing developments expand beyond the interstate while regional unemployment remains at historic lows.
But the increase in economic activity on the Gulf Coast has not necessarily translated into larger paychecks or brighter futures for thousands of the area’s working families. Sarasota newspaper, The Herald Tribune, reported that, “As of mid-October last year, 47% of students in Sarasota County school district were on a free or reduced lunch plan. In 2017 that number was 54%.” Of the 40,000+ students in Sarasota County schools, 20,000 come from families who are unable to afford a few dollars per day for lunch. Confirming this dynamic is the United Way of Florida’s 2018 ALICE Report: 43% of families in the Central West Coast of Florida region are what the United Way calls– Asset Limited, Income Constrained, Employed who do not earn enough to cover the basic necessities of life—housing, childcare, transportation, food, necessary technology.
Fortunately, organizations like Children First are working tirelessly to deploy a two-generational approach to ensure families with children from six weeks old to five years are positioned for success.
Last week, Matt McAleer, Executive Vice President & Director of Equity Strategies and Gabriel Hament, Investment Advisor Representative specializing in Charitable Accounts, Foundations and Private Individuals had the opportunity to visit the Sarasota, Florida Children First campus on North Orange Ave and learn more about the life-changing work taking place at the organization. Every child at Children First benefits from year-round early childhood education, structured play and two nutritious meals per day. Each parent is assigned a Family Advocate to assist with familial dynamics, employment, money management and parenting strategies—all to encourage a home environment conducive to self sufficiency and long-term financial sustainability. A few statistics:
• While 700 children are served every year at Children First, over 160 children are currently on a wait list.
• In the 2018/2019 school year 171,936 meals and snacks were served. This accounted for over 50% of each child’s weekly nutrition.
• 72% of Children First parents are working or going to school.
• 8% of Children First families are homeless.
Links to other websites or electronic media controlled or offered by Third-Parties (non-affiliates of Cumberland Advisors) are provided only as a reference and courtesy to our users. Cumberland Advisors has no control over such websites, does not recommend or endorse any opinions, ideas, products, information, or content of such sites, and makes no warranties as to the accuracy, completeness, reliability or suitability of their content. Cumberland Advisors hereby disclaims liability for any information, materials, products or services posted or offered at any of the Third-Party websites. The Third-Party may have a privacy and/or security policy different from that of Cumberland Advisors. Therefore, please refer to the specific privacy and security policies of the Third-Party when accessing their websites.
Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.A
Cumberland Advisors Week in Review (May 13, 2019 – May 17, 2019)
Cumberland Advisors Week in Review (May 13, 2019 – May 17, 2019) May 18, 2019
The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We may also include older commentaries that our editors have determined to be of interest to our audience. Your feedback is always welcome.
Join John Mousseau, Matt McAleer, & David Kotok for interviews this past week.
This week, Gabriel Hament, Investment Advisor Representative specializing in Foundations, Charitable Accounts & Private Individuals, attended and participated in the Fine Arts Society of Sarasota’s 2019 Scholarship Awards Luncheon at the Bird Key Yacht Club. Audience members were treated to live violin, piano and trumpet performances by scholarship recipients. Young artists studying graphic design, painting and illustration presented their latest works. Over $46,000 in scholarships were awarded to 12 high school and college students pursuing degrees in music, dance and art and design. Locally, students from Booker High School, Pine View, Sarasota High School and Ringling College of Art and Design were well-represented and recognized for their achievements. The Fine Arts Society of Sarasota has given more than $1 million in grants and scholarships in support of our local art community. To learn more about the good work of the Fine Arts Society of Sarasota, please visit www.fineartsrq.com.
David R. Kotok has written the monograph pamphlet, “Lessons from Thucydides” detailing information asymmetries and their implications for investors and world affairs. The concept of a Thucydides Trap and its rise and avoidability (or lack thereof) is often debated and David makes a case for dealing with them weaving current and historical events into a comprehensive narrative.
This free monograph also has lessons for President Donald Trump’s trade policy. Can the United States avoid a Thucydides Trap with China & Xi Jinping? Will you benefit from the Lessons of Thucydides or fall victim to a Thucydides Trap? If information is key, you now have a handbook at your fingertips. Download a copy of this monograph in either PDF (free) or Kindle ($.99) format. https://www.cumber.com/thucydides/
Matt McAleer talks Markets with Oliver Renick on TD Ameritrade 2019-05-13
Matt McAleer, Executive Vice President & Director of Equity Strategies for Cumberland Advisors, appears on the TD Ameritrade Network, May 13th, to discuss financial markets with Oliver Renick.
May 1, 2019 – Jeremy Schwartz and Liqian Ren from WisdomTree Funds hosted an investment strategy discussion that covered factor investing, U.S. sector trades and the global outlook with Matt McAleer, Director of Equity Strategies at Cumberland Advisors.
Cumberland Advisors Week in Review (April 15, 2019 – April 18, 2019)
The Cumberland Advisors Week in Review is a recap of news, commentary, and opinion from our team. These are not revised assessments, and circumstances may have changed in the market from the time of original publication. We also include older commentaries that our editors have determined may be of interest to our audience. Your feedback is always welcome.
Short week. The equity and bond markets were closed on Friday. We talk about some of John Mousseau’s strategies in the bond market and we plan to get John on camera next week to talk about interest rates and munis. On the equity side, a fairly benign week outside of healthcare. We recall some of the atmosphere from 2016 when healthcare costs were top of mind for politicians and the news cycle. Headline risk creeps in on medical which includes medical device companies and biotech and we take a moment to explain.
April is Financial Literacy Month and Cumberland Advisors just held the event, “Financial Markets and the Economy: Financial Literacy Day III” with our partners at the University of South Florida Sarasota-Manatee. Take an opportunity to check out our YouTube channel and take advantage of the breadth and depth of the subject matters, speakers, and panelists we’ve assembled. Gretchen Morgenson’s keynote address from the conference is up and we’ll be posting more videos over the next week or so including our talk with Susan Harper, the Consul General of Canada in Miami, Florida. www.cumber.com/youtube . In the meantime, here is a link available to the full day of talks and panels to enjoy until our video segmentation process is finished. Enjoy!
Our partners at USF Sarasota-Manatee have provided a streaming video link of Cumberland Advisors’ annual event, “Financial Markets and the Economy – Financial Literacy Day III.” It was an open forum for individual investors, state and local officials, financial institutions, pension trustees, philanthropy activists, policy makers and policy wonks – all were welcome. At Cumberland Advisors, we believe everyone benefits from increased financial education. Topics included but were not limited to philanthropy and its impact and stewardship, financial market developments, the outlook for the U.S. stock market and the world, the U.S. banking system, and the global economic outlook.
We are busy segmenting panels and talks for our YouTube Channel. Until these are produced, below is an outline of the entire day’s activities to help you navigate and select where in the hours long streaming video you’d like to watch:
The Tactical Trend strategy is designed to allocate capital to the strongest primary asset classes, including equities, fixed income, commodities, and cash. The strategy will always allocate to a minimum of two asset classes in an attempt to diversify risk.
A solid bounce in the equity markets off the late December lows has continued through March. The initial move higher was led by small- and mid-cap stocks, but recently large-cap has rallied strongly. Over the past 12 months, growth stocks have traded with higher relative strength than value stocks. The tech-heavy Nasdaq 100 (QQQ) remains our largest broad index holding, while small-cap is represented by the S&P Small-Cap 600 Growth ETF, IJT.
Our sector and industry exposure leans on technology, with allocations to the S&P 500 Tech Index ETF, RYT, as well as to Microsoft stock. The holding in RYT is equal-weighted, which allows us to get further down into the mid-cap space and not duplicate the weightings in QQQ. The strategy has also been helped by our biotech investment. After a brutal Q4, XBI has rallied well as one of the leading sectors YTD.
After a difficult 2018, international emerging markets began to rally late in the year and bottomed ahead of domestic stocks. Our allocation to emerging markets through the IEMG ETF provides the strategy exposure to the Asian and Latin American markets. While an added dose of volatility can be present in emerging markets, it is difficult to ignore their impressive growth forecasts.
Matthew C. McAleer
Executive Vice President and Director of Equity Strategies Email | Bio
Cumberland Advisors invites you to our third annual Financial Literacy Day, to be held April 11, 2019, from 8:30 AM to 4 PM at the Selby Auditorium of the University of South Florida Sarasota-Manatee.
Our focus is “Financial Markets and the Economy,” featuring:
• The Stock Market
• Health Hunger and Philanthropy
• How the World Looks to Me – A Global Economic Outlook
Special Presentations –
• A Conversation with Susan Harper, Canada’s Consul Gen in Fla, on Trade/World Affairs
• Keynote by Gretchen Morgenson, Senior Special Writer in the Investigations Unit at The Wall Street Journal and Former Business and Financial Editor for the New York Times.
We welcome and encourage the participation of our friends, colleagues, and clients. The cost is only $50 to register, and includes coffee, pastries, catered lunch, and a light reception with Gretchen Morgenson. Please reserve your spot soon – we expect a full auditorium. Learn more: https://www.cumber.com/financial-literacy-day/
Matt McAleer talks Markets on TD Ameritrade 2019-03-14
Matt McAleer, Executive Vice President & Director of Equity Strategies for Cumberland Advisors, appears on the TD Ameritrade Network to discuss financial markets with Oliver Renick.