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Retirement Certainty Scorecard™

 
  DISAGREE AGREE
Indicate the degree to which you agree or disagree with the statements below.
1

I have a clear, written and actionable retirement plan that shows my current financial position (Point A) and my ultimate future (Point B) and sets a path to get from A to B.

2

I review my written retirement plan each and every year and adjust it for changes in my life. I stress test my plan's viability by changing variables for the worst case scenario.

3

I know exactly what my personal required rate of return (PRROR) is that will allow me to achieve all of my retirement goals. I plan my investment strategy around and work toward that PRROR.

4

I have an investment plan which focuses an equal amount of time on making money as it does on not losing it, simultaneously advancing and protecting my assets.

5

I know that I am utilizing independent advice and strategies which specifically fit my individual situation.

6

I review all of my investments each and every year based on how the market and economy are responding and make adjustments and/or rebalances at least annually or as needed.

7

I am confident with all of my insurances knowing that the way they are positioned and funded will protect me and my family for any unforeseen negative events.

8

I am confident that my estate planning documents and beneficiary designations are all set up to maximize the benefits that my family receives.

9

I am well qualified or utilizing professionals that are well qualified to give the best possible advice for my retirement, investment, estate and tax planning.

10

My retirement planning is set up (by me or my advisor) in a way that requires little daily, weekly or monthly attention so that I can enjoy life to its fullest.

As I consider everything that will allow me to live most comfortably during my retirement, the thing that keeps me up at night is:

Thank you for completing the Retirement Certainty Scorecard™.

Please click "Submit & Print Form" to send a copy of this form to Campbell Wealth. After completing Steps 2 and 3, a Campbell Wealth associate will review the results of your Scorecard with you.

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Campbell Wealth Management

The U.S. Debt Ceiling, the Government Shutdown and Your Investments

The U.S. Debt Ceiling, the Government Shutdown and Your Investments

Just a quick note to share our thoughts with you regarding the recent developments in Washington, and how they may or may not affect your portfolio:It seems that everyone hates Congress – but likes their Congressman.  Congress’ approval rating is at a record low 10%; however the re-election rate was 90% last election.

The current stalemate between Republicans and Democrats has to do with raising the debt ceiling. The government will be partially shut down until an agreement is reached.  Republicans are demonstrating their opposition to the Affordable Health Care Act, and Democrats are demonstrating their commitment to sticking to their guns.

Regardless of who is in charge in Congress or the White House, the Federal Government has spent more than it has raised in taxes for decades.  In Fiscal Year 2012 the Federal Government spent $3.5 trillion, but only brought in $2.4 trillion in tax receipts.  The net result was $1.1 trillion in new debt.  The current debt of the Federal Government is approximately $16.7 trillion – $5.6 trillion of which is held by foreign investors.  The current debt ceiling is $16.7 trillion.

The US debt ceiling is the total amount of money the US government can borrow to meet existing legal obligations. Failing to increase the debt ceiling would cause the government to default on its legal obligations.  A default would have catastrophic implications for the world economy.  The US has never defaulted on its debt obligations.

Congress has raised the debt limit over 100 times in the last century.  The U.S. and Denmark are the only democratic countries in the world that have imposed a debt ceiling.  Other nations borrow what they need to finance their operations without a set limit.

In our opinion, the US government will raise the debt ceiling once again and thus avoid default.  This also appears to be the view of the markets, as we have not seen a meaningful sell off.  In our opinion, we are witnessing nothing more than political theater, with little or no long term economic consequences.  Of course, we are continuing to monitor the situation and will send an update if anything changes significantly.

 

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