Supporting Therapeutic riding for challenged Children and Veterans

Stirrups and Strides Charitable Event at Jumbolair of Ocala. December 2, 2017

Kevin Zylstra, CFP, friend and avid sailor of our Naples office joins Tom at “Jammin at Jumbolair” Charitable Extravanza.

Stirrups ‘n Strides is a 501 (c)3 non-profit organization Therapeutic Riding Center for challenged children and veterans.  Over 400 people attended this event celebrated a successful year of reaching out to those in need.

For further information you may contact Betty Gray at 352-427 3569 to learn more and consider what may be  on your heart today!

 

 

How do Cash Balance Plans differ from 401(k) plans?

Cash Balance Plans are defined benefit plans. In contrast, 401(k) plans are a defined contribution plan. There are four major differences between typical Cash Balance Plans and 401(k) plans:

  1. Participation – Participation in typical Cash Balance Plans generally does not depend on the workers contributing part of their compensation to the plan; however, participation in a 401(k) plan does depend, in whole or in part, on an employee choosing to make a contribution to the plan.
  2. Investment Risks – The employer or an investment manager appointed by the employer manages the investments of cash balance plans. Increases or decreases in plan values do not directly affect the benefit amounts promised to participants. By contrast, 401(k) plans often permit participants to direct their own investments and bear the investment risk of loss.
  3. Life Annuities – Unlike 401(k) plans, Cash Balance Plans are required to offer employees the choice to receive their benefits in the form of lifetime annuities.
  4. Federal Guarantee – Since they are defined benefit plans, the benefits promised by Cash Balance Plans are usually insured by a federal agency, the Pension Benefit Guaranty Corporation (PBGC). If a defined benefit plan is terminated with insufficient funds to pay all promised benefits, the PBGC has authority to assume trusteeship of the plan and begin to pay pension benefits up to the limits set by law. Defined contribution plans, including 401(k) plans, are not insured by the PBGC.

For more information, please contact us.

 

Problem ahead for bond investors? 

Bloomberg Barclays US Aggregate has a duration of over 6 (orange line) and a yield of just 2.5% (white line). If we see more corporate refinancing on the longer end (while rates are still low) and at some point a 50 or 100 year US treasury makes its way into the index (https://lnkd.in/gFvUF5g), this could be very problematic. 

 

Add to that a higher duration of Agency MBS if rates increase and prepayments slow (extension risk). 

 

This all looks like a huge amount of interest rate risk for investors with very little upside. The solution: Talk to your Portfolio Manager ! 

Tom Cooper Sponsors Ocala Home Garden & Lifestyle Expo

Tom Cooper and his wife Pat, participating at the Ocala Home Garden and Lifestyle Expo on April 22, 2017.

The Home Garden and Expo was hosted by the CEP Ocala / Marion County (“ChambNo automatic alt text available.er and Economic Partnership”).

Tom Cooper supports the mission of CEP which is to be the catalyst for a prosperous Ocala / Marion County, leading to a vibrant community with a stable, diversified economy.  The event was held at the The Harvey R. Klein Conference Center at the College of Central Florida.  

You can reach Tom Cooper by email: tcooper@namcoa.com or by phone: 352.857.7273