Shoup Legal - September 2022

Take a look at our September newsletter!

Plan today for peace of mind tomorrow. SEPTEMBER 2022

So many amazing places across the globe are worth seeing, such as the pyramids in Egypt and the Colosseum in Rome. We’ve seen them in documentaries or read about them in books, but when we see them in person, we realize how grand and awe-inspiring they truly are. At the end of September, we celebrate World Tourism Day, which provides the perfect opportunity to plan a trip to one of your bucket list destinations or to reflect on some of the most amazing places you’ve traveled to. I love the idea of traveling to another country and exploring the scenery and culture of new locations. It’s simply amazing to see how other people live and to learn about other cultures. You may even find a few things you want to bring back and incorporate into your own life. I’ve been blessed to experience many unique places and cultures. Sometimes we go places that don’t sound too exciting on paper, but they surprise us once we get there. We recently went to Orlando as a family and decided to do an Everglades tour. Seeing the swamp was a really cool adventure and different than anything else I’ve ever experienced. The first major trip I ever took occurred when I was in high school. Most students try to go to Mexico or Florida at some point during their senior year, but I had something different planned. I went to London, and it was the first trip I ever took without my parents. The experience of traveling with my friends was incredibly beneficial. Possibly the most amazing place I have ever visited was Santorini in Greece. It was so beautiful and peaceful. The people truly have a different way of life. We didn’t go to the tourist hot spots but instead spent time in some of the smaller towns. People moved at a slower pace and acted like they were truly enjoying every aspect of life. The food, buildings, sights, and people were all unique. For some reason, I remember the salads being completely different — they had a vibrant taste. Some day, I hope to return. GET OUT AND SEE THE WORLD It’s World Tourism Day!

I still have plenty of other destinations on my bucket list. One day, I hope to experience an African safari with my own eyes. Seeing such amazing animals in their natural habitat sounds like a grand adventure. I also hope to see the northern lights someday. We were supposed to see them a few years back in Iceland, but then the pandemic started and our plans were delayed. Travel can be an incredible experience when you take the time to plan well. You’ll learn about different ways of life while experiencing amazing architecture and food. It might seem scary at first, but once you dip your

toes in, you’ll be hooked and immediately begin to plan your next trip. If you’ve ever toyed with the idea of traveling, you should take that leap and go for it. You won’t regret it, and you’ll come back with stories to share with your family and friends.

–Andrea Shoup

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5 SMART FINANCIAL TACTICS TO USE DURING A RECESSION

Inflation can make people nervous about the future. Here are a few smart ways to manage your money in any economic climate — but especially during a recession.

month on recurring payments for things they no longer need! Double-check your statements for anything you might’ve forgotten about.

No. 1: Make every dollar count. This year, the price of gas has climbed considerably, but what should you do when driving is part of your job? Dan Varroney, founder of consulting firm Potomac Core and expert on economic performance, told NBC that people can stretch their dollar by utilizing mass transportation, carpooling, or walking. You can also combine trips with multiple stops or shop locally to save on gas and time in the long run. No. 2: Check your spending. The internet is full of trendy subscription-model brands and products, but are you still paying for ones you aren’t using? A 2021 Chase survey revealed that two-thirds of consumers have forgotten about at least one recurring payment in the last year. In fact, more than 70% of consumers waste over $50 every

No. 3: Get rid (or don’t use) high debt credit cards. Canceling a credit card can have some temporary consequences on your credit score, but if you can afford it — or need to remove the temptation altogether — cancel credit cards with high interest rates. Get a card with 0% APR if you need time to pay off new purchases before interest kicks in. No. 4: Boost your emergency fund ASAP. In life, setbacks can happen when least expected — and least wanted. This is the time for cushioning the fall in case you have any large unexpected expenses that could have major consequences on you and your family’s livelihood. No. 5: Roll over to a Roth IRA during the market downturn. Since IRA contributions are invested into the market, the downturn makes it cheaper to transition your after-tax traditional IRA into a pre-tax Roth IRA, which means you’ll keep the full dollar amount of your account in retirement. According to Clark Kendall, certified financial planner and CEO of wealth management firm Kendall Capital, transitioning into a Roth IRA may “cost 20% less if your retirement account is down 20%.”

Put these tips in your back pocket — they just might help get you through any economic climate!

Helping Clients Day In and Day Out MEET OUR CLIENT TRANSITION SPECIALIST, JULIA

At Shoup Legal, we do everything we can to assist our clients with whatever they might need. We’re often able to exceed expectations thanks to the hard work and dedication of our amazing team. We make a point to hire talented individuals who already care and are connected to our community. This includes our fantastic Client Transition Specialist, Julia, who continues to impress us on a daily basis.

entire estate planning process, front to back. She came to Shoup Legal with the goal of making an impact on people’s lives and helping them with their estate planning needs.

Julia has always been a people person. She loves helping people with whatever they may need. She is there to address your concerns or answer any

questions you may have. If you’re unsure about who can help you, ask for Julia and she will make sure you are taken care of. While not at work, you can usually find Julia looking for a new fantasy, romance, or fiction book to read at the local bookstore. She’s also very close with her family and loves spending time with her sister, who also happens to be her best friend. They love going to the movies together or spending time with their pets. We are delighted to have Julia on our team and are continually amazed at the fantastic job she does with our clients.

Julia first started working with us in March 2021 when she joined our Welcoming Team as a Client Intake Specialist. Before joining Shoup Legal, Julia was a business major at California State University, San Marcos, and worked as a manager at a restaurant. Before long, Julia decided she wanted to find a job that better suited her interests and began working as a Client Services Representative at a private trustee firm. She worked her way up in that company until she became a Trust Account Manager. While at the private trustee firm, Julia learned all she could about the back end of the trust process and decided she wanted to understand the

Plan today for peace

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No-Fuss Chicken and Rice Soup Inspired by RecipeTinEats.com

Ingredients

• • • • • • •

2 tbsp olive oil

• • • •

1/4 tsp pepper

1 onion, chopped

4 cups chicken broth

Most of us are in a constant state of growing and improving upon ourselves. We want to become better people than we were the day before. Personally, I’m always trying to find ways I can be a better mom, wife, friend, and daughter. This month, we celebrate self-improvement month, which is a great opportunity to evaluate our lives and find areas we want to improve. One area I’m always working to improve is my communication skills. Over the years, I’ve learned better ways to communicate, which has helped me avoid assumptions and misunderstandings. A lot of the conflict in our lives stems from miscommunication, so I’ve learned to take the time to reflect and try to understand what someone is trying to say before making an assumption. Additionally, I’ve been working on taking a moment before getting upset or offended at what someone says. Oftentimes, this goes back to miscommunication. It’s important I take a moment to evaluate if what was said is actually what was meant. And if they were trying to be hurtful, how should I respond to avoid unnecessary conflict? I recently went to a water park with my family, and my son took his sister up to a tall slide but was unsure if he wanted to ride it. When he got to the top, he decided to opt out, but a few people waiting in line ridiculed him. When he came back to me upset, I asked him if he knew the names of the people who laughed or where they went to school (no and no). I asked if he had ever seen them before and if it was likely he would ever see them again (no and no). I told him I was sorry they were rude but explained they were nobody in his life, so their words didn’t need to upset him. He was able to enjoy the rest of the day after that. Always Room for Improvement WORKING ON MY COMMUNICATION SKILLS

2 garlic cloves, minced

4 cups water

3 carrots, sliced

1 1/4 lbs bone-in, skinless chicken thighs 1 cup uncooked white rice

3 celery ribs, sliced

2 chicken bouillon cubes

• •

1/2 tsp dried parsley

Salt, to taste

Directions

1. In a large pot over medium-high heat, warm the olive oil. Add the onion and garlic and sauté for 5 minutes. Add the carrots and celery, then sauté for 1 more minute. 2. Add the bouillon, parsley, pepper, chicken broth, and water. Stir, then add the chicken thighs. 3. Cover and simmer on medium-low for 30 minutes, then add the rice. Stir, cover, and simmer for 15 more minutes. 4. Remove the pot from the heat and transfer the chicken to a large bowl. Shred the meat and add it back to the soup. Discard the bones. 5. Stir, salt, and serve! Free Estate Planning Seminar Do you or someone you know have questions about estate planning and how to preserve your legacy? If so, this is the workshop for you! Sept. 28, 2022 6:30–7:30 p.m. Temecula Public Library

In our FREE workshop, you will discover the top estate planning strategies that will have your family thanking you for generations to come. Spots are limited and fill up FAST! Reserve your seat by scanning the QR code.

Each of us has something we want to improve. Some want to head to the gym more often to improve their health, while others want to find ways to improve their confidence. No matter what you want to improve in your life, make a plan and put it into action during self- improvement month in September.

–Andrea Shoup

e of mind tomorrow.

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Plan today for peace of mind tomorrow. 39755 Date St., Ste. 203 | Murrieta, CA 92563 (951) 445-4114 | www.shouplegal.com

1 | Some of the Most Amazing Places I Have Visited 2 | Prepare Your Wallet for a Recession 2 | Get to Know Julia! 3 | Finding Ways to Improve Ourselves 3 | No-Fuss Chicken and Rice Soup 4 | DIY Fall Scavenger Hunt for the Family Inside This Issue

Explore What Autumn Offers Ready, Set, Scavenge!

Fall Color Wheel The best way to explore autumn’s colors is by creating

As the leaves begin to fall and the air becomes cooler, it is a sure sign that summer is slowly coming to an end. Though we will miss the pool parties and backyard barbecues, there is still lots to look forward to during fall. Autumn is known as the season of change, and getting the kids outside allows them to understand and explore the changes going on in the world around them. Creating a fall scavenger hunt is a great way for kids to practice their reading and observation skills, all while still enjoying the outdoors. Signs of Fall Creating a specific scavenger hunt for signs of autumn is a great way to enhance your child’s observation skills.

a fall color wheel hunt! Since the leaves are the surest signs of fall, kids can compare and contrast the different colors of each leaf they find, making this a fun hands-on activity.

You can either download a color wheel template from the internet or make one yourself! All you need is a piece of paper that’s big enough for kids to tape the leaves onto and different areas for the colors red, yellow, orange, and brown. This will help kids see the different kinds of leaves as well as their visual changes during the season. The weather is getting colder, but it doesn’t mean you have to hibernate too! Bundle up with a cozy sweater and beanie, and encourage the family to get outside to explore all of the wonderful changes autumn has to offer.

Consider the following for your signs of fall hunt:

1.

Leaves that have changed colors

2. Tree seeds or pine cones that have fallen to the ground 3. Items from a fall harvest (like pumpkins, sunflowers, or hay bales) 4. Changes among people’s apparel (such as jackets, hats, and scarves) 5. Animals hibernating or migrating

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