Laura Sendldorfer Earns Chartered Financial Consultant® (ChFC®) Designation
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We are pleased to announce that Financial Advisor, Laura Sendldorfer, recently earned the Chartered Financial Consultant® (ChFC®) designation. The ChFC® designation is an important distinction for financial planning professionals. Successful completion of the ChFC® program empowers financial advisors like Laura with advanced knowledge in areas including financial planning, risk management, tax planning, retirement planning, estate planning, special needs planning, and more. By earning the ChFC®, Laura has demonstrated her commitment to professionalism, knowledge, and service to our clients with her expertise. Congratulations Laura!
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Ben Offit Heads to the Pacific Northwest for Executive Consulting with Philip Palaveev
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CEO and Founder, Ben Offit, CFP®, went to Seattle in July for an exclusive, all-day executive consulting experience with renowned financial services consultant Philip Palaveev. Ben had the opportunity to discuss the future of Offit Advisors, team development and planning, financial management, and overall business management. Ben really enjoyed his first time in the Pacific Northwest, extending his trip to visit Vancouver, Canada, which was also amazing and beautiful!
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Dan Coyne and Jamie Sasselli Bring Insurance Planning Expertise to Offit Advisors
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Offit Advisors is happy to announce further expansion to its team with the addition of Dan and Jamie to it's support and service of insurance clients. Read more about their bios below.
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Dan specializes in helping Offit Advisors to provide life insurance, annuities, long term care, and disability income insurance and also specializes in Medigap plans, and impaired risk cases that have difficult underwriting through Triton Brokerage. Dan started in the industry fresh out of college after he graduated cum laude from West Chester University of Pennsylvania where he majored in Business Management. He is fluent in Spanish, enjoys travel, golf, and is a die hard Chicago Bears fan. Dan loves to spend his personal time with his wife Jill, and two children, Olivia and Patrick.
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Jamie Sasselli has more than 17 years of experience working in life insurance, annuities, long term care, and disability income insurance. She primarily works on impaired risk cases. Jamie is a University of Pittsburgh graduate. She enjoys travel, horseback riding, camping, kayaking, Disney and watching her daughter play hockey. In her spare time, Jamie enjoys spending time with her husband, Brian, and their two children, Giovanni and Giana.
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Offit Advisors Hosts Medallion Advisor Group Luncheon
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Late last month we were thrilled to host our friends from Medallion Advisor Group for a Reunion Luncheon at Café Mezanotte in Severna Park. This was an opportunity to reconnect with some advisors we haven't seen in over 15 years! At the lunch, the group discussed the highlights of their careers, the future of the industry, and succession and continuity planning within financial services. It was truly a fantastic day.
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"Laura was very easy to talk to. She had some good suggestions and gave me a lot to think about. She was very helpful and friendly." - Lisa
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The testimonial presented is made by an individual who is a client of Offit Advisors and is applicable only to the individuals depicted and may not be representative of the experience of others. The testimonial is not paid nor have the participants received any non-cash compensation and is not indicative of future performance or success. The testimonial has been evaluated for conflicts of interest and has not been found to present any conflicts.
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Apple, the company wants rights to the image of apples, the fruit, in Switzerland- one of the dozens of countries where it’s flexing its legal muscles. Between 2019 and 2021, Apple filed more trademark oppositions- attempts to enforce its IP over other companies- than Microsoft, Facebook, Amazon, and Google combined.
WIRED, June 18, 2023
The median price for a home in Miami is $585,000. To afford that, homeowners would need to spend 79.9% of Miami’s average monthly income on homeownership expenses topping the amount paid by homeowners in Los Angeles and New York City.
Pressreader, June 20, 2023
China’s controversial one-child policy, in place for more than three decades, was removed in 2015. Most people would have guessed that the country’s birth rate would rise, however, the opposite happened. Birth rates in 2022 are now 6.77 babies born per 1,000 people- the lowest level on record.
Chartr, June 19, 2023
One study of retail currency traders found 70% on average lose money every quarter, and lose it all within 12 months.
MarketWatch, April 19, 2023
“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”
Rudiger Dornbusch
“The problem with internet quotes is that you can’t always depend on their accuracy.”
Abraham Lincoln, 1864
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The Recipe for a Successful Retirement
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Hey there, clients!
Many people when thinking about their potential retirement, think about their assets or their portfolio, and making sure it makes financial sense to be able to retire, which is natural and makes sense. But there other elements to a successful retirement that one needs to think about first before doing so!
- Health and Time – This is the single most important investment that you can make. It is way more valuable to be able to enjoy your life until age 100 instead of age 85. Life is made of memories, experiences, and you need more time to do that. In order to have time, you need to have your health, so this needs to be a first priority.
- A Social Network of Friends – It is hard to retire, because for many people they become great friends with those they work with. These are people you spend hours with daily and is a big part of your daily communications and livelihood. If you retire, and leave that, will you have friends to discuss life and the world with? It is important to have a network of people to be able to enjoy life with and this is a big part of ones happiness in retirement.
- Retiring at the Top of your Game – When you reach the point of being in a position to retire, you may be in a senior and experienced position with what you do. Therefore, you may feel that you are a “Master of your Craft” or at the “Top of Your Game” and it may be hard to walk away from that feeling.
- Purpose – If one doesn’t have a purpose in your post-retirement life, then it may be hard to transition to it. For many people, going to work and making money is their purpose. But if that is gone, what is your purpose? Being able to retire TO SOMETHING instead of FROM SOMETHING is a big distinction. Will be you be able to retire into having more time to live your dreams, to go on vacation and travel, to spend more time with your family, to spend more time with charities and non-profit work, or do something totally different that you couldn’t before? Or perhaps, you just want to sit on the couch and watch sports, or TV shows all day – nonetheless, you need to be clear about what you want out of your retirement before doing so, and people are happier with a clear purpose in retirement. Money at the end of the day is just a tool to help you live your purpose.
- Flipping a Switch – It is hard to go from working for many years and saving money and having deferred gratification of putting your money away for the future, into starting to enjoy it and spending it. One needs to be prepared to learn how to flip this switch and enjoy your money and your life!
Here's to investing in our health, time, friends, purpose and enjoying the abundant riches that life has to offer!
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S&P 500 Index is an unmanaged group of securities considered to be representative of the stock market in general. You cannot directly invest in the index.
Dow Jones Industrial Average - The Dow Jones Industrial Average is a popular indicator of the stock market based on the average closing prices of 30 active U.S. stocks representative of the overall economy.
NASDAQ Composite Index measures all NASDAQ domestic and international based common type stocks listed on The NASDAQ Stock Market. Today the NASDAQ Composite includes approximately 5,000 stocks, more than most other stock market indices. Because it is so broad-based, the Composite is one of the most widely followed and quoted major market indices.
Russell 2000® Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index which includes the 3,000 largest companies in the U.S., based on market capitalization. As of the latest reconstitution, the average market capitalization was approximately $762.8 million; the median market capitalization was approximately $613.5 million. The largest company in the index had an approximate market capitalization of $2.0 billion and a smallest of 218.4 million.
Russell 1000® Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.
Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.
Government bonds are guaranteed by the U. S. Government and, if held to maturity, offer a fixed rate of return and fixed principal value.
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Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Offit Advisors is not affiliated with Kestra IS or Kestra AS. Offit Advisory Services, LLC is a tax firm but neither Kestra IS nor Kestra AS provide legal or tax advice and are not Certified Public Accounting firms.For more information on the Five Star Wealth Manager and the research/selection methodology go to: www.fivestarprofessional.com. Investor Disclosures: https://bit.ly/KF-Disclosures
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