DuPont Wealth - July 2019

Take a look at our newsletter this month.

LIFESTYLE ADVOCACY FAMILY FINANCE LAFF is a publication of DuPontWealth Solutions andThe Law Offices of DuPont and Blumenstiel, blending original and curated content and is intended to educate the general public about investing, finance, estate planning, personal injury, and small business issues. It is not intended to be legal or financial advice. Every situation is different.The information in this newsletter may be freely copied and distributed, as long as the newsletter is copied in its entirety.

19 JUL



If you’ve been following this newsletter, you’ll know I’ve announced a lot of exciting projects this year. A book, webinars, speaking engagements, a serialized noir drama — our office has been buzzing with creativity. So, I wasn’t exactly surprised when a client of mine asked me, “Greg, why are you doing all this? Are you going to stop being my advisor?” The short answer is I enjoy these sorts of projects, but that isn’t quite the full story. For that, we have to turn back the clock to last summer. It was during a leadership retreat — a time that often proves valuable for self-reflection. One of the exercises that I performed led me to ponder, “What do I want to do when I grow up? What’s my ‘Why?’” For me, it’s never been enough to just set standard quarterly goals. I need to know my work is going toward a goal I can believe in. This last summer, I think I finally managed to articulate that goal clearly. I used to tell myself that I wanted to make a difference in people’s lives. But that always felt too vague. There’s no unit of measurement and, more importantly, no time limit. Recognizing this, I decided to take a page out of James Collins’ book and set myself one heck of a big, hairy, audacious goal to positively impact 1 million lives between now and 2030. Now, you can understand why I’ve been getting my message out in as many mediums as possible over the last year. Reaching 1 million people as a small-business owner in just over a decade would be an absurd goal in the age before the internet. But now more than ever before, an individual has the power to make their voice heard. My recent Facebook live event was viewed by over 2,000 people. Only 998,000 left to go!

Obviously, I’m going to have to rely on approximations. I can’t exactly walk around every seminar I give, ticking one of those hand-held tally counters bus drivers used. But given that I can’t really account for those who pass on my guidance to friends and loved ones, any guesstimation on my part is bound to be conservative. As for the 2030 time frame, well, that’s when I’m turning 65. I’m not saying retirement will be in the cards at that point, but I do want to accomplish something as audacious as this before I start getting senior discounts. I often advise my clients to set big goals for their golden years, and I’m holding myself to the same standard. Now, while I certainly am striving to share my expertise with new audiences, I’ll never do so at the expense of those who have been with me all this way. My primary role will always be to act as a worthy advisor for my clients. In fact, my stewardship has been strengthened since I first set my 2030 goal. The task of presenting and representing my core financial tenets means I’m also constantly reexamining them. I’ve always believed that the most effective advisors are those who are willing to constantly examine their own processes and find ways to improve them. In closing, I have to admit that 1 million lives are still going to be difficult to reach. So, if I’ve made a positive impact on your life and you want to lend a helping hand, consider telling a friend or loved one about our services! Our insert this month shares some ideas on how you can help me reach my goal. If you have any other ideas, I would love to hear them.

Until next time,

Wealth Solutions | Law Office | 1 Published by The Newsletter Pro .


3 Famous UFO Sightings (Besides Roswell)

EAST COAST GO FAST VIDEO In 2015, a U.S. Navy Boeing F/A-18F Super Hornet strike fighter captured video of a bizarre, fast-moving object that had no visible wings and emitted no heat or no exhaust

Going stargazing this summer? Be sure to keep your eyes out for unidentified flying objects (UFOs)! July 2 is World UFO Day, commemorating the supposed UFO crash that took place in 1974 in Roswell, New Mexico. Everyone knows about the strange things that happened in Roswell, but let’s look at a few lesser-known, but no less strange, UFO sightings. THE FIRST FLYING SAUCER On June 24, 1947, civilian pilot Kenneth Arnold was flying his plane near Mount Rainier in Washington when he reported seeing nine blue, glowing objects flying in a V formation at around 1,700 mph. Arnold would later describe the crafts’ motions like “a saucer if you skip it across water.” The government confirmed there were no aircraft tests in the area that day. In the following weeks, other sightings of Arnold’s flying saucers would crop up across the region. THE RENDLESHAM FOREST INCIDENT Things got weird at a Royal Air Force military base in England on Dec. 26, 1980. At around 3 a.m., two Air Force members saw odd lights falling into the nearby Rendlesham Forest. They reported finding a metallic object giving off lights and still moving. The object was gone when police arrived, but they found unusual markings at the site. A few days later, more servicemen went into the forest where they spotted three mysterious bright lights in the sky that shone for hours.

trail. The video, which can be viewed at COI. ToTheStarsAcademy. com/2015-go-fast-footage, shows the object in the fighter’s targeting system. The pilot and the weapon systems officer can be heard shouting and asking, “What is that, man?” The video leaked in 2017 along with news of the Advanced Aviation Threat Identification Program (AATIP), a secret U.S. government organization investigating UFOs. Most UFO sightings have rational explanations. Even the famous Roswell Incident was proven to be debris from a surveillance program the U.S. military used to spy on the Soviet Union. But there’s something to be said about how a UFO sighting makes us look up at the night sky and wonder if we’re not alone.


JULY 18 Estate Planning 101, what you and your family need to know AUGUST 15 What is a self-directed IRA and should you have one with special guest Kirk Chisolm SEPTEMBER 19 I’ve been injured in an automobile accident. Now what do I do so I don’t screw up my claim? They’re all starting at noon on Facebook Live, and they’re now available on our podcast at Subscribe now and listen to old episodes.

This month, working into the night while awaiting the hearing to contest the living will presented to Arturo de Modelo’s doctors by his ex-wife and sons, Greg DuPont pores through his files to learn all that he can about Vivian Wainwright, her two privileged sons, and what they might have to do with stolen documents, a runaway food truck, and the very unfortunately timed arrival of a swarm of angry hornets in Arturo de Modelo’s classic car. Check out the entire chapter and find out a little bit about the impact of divorce on life insurance. Then render your opinion, affect the course of events, and enter our drawing for a $25 gift certificate. Find it at or http://bit. ly/PilotMysteryCh2. The deadline for entering this drawing is July 31.

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IRA 101

If the company you work for doesn’t offer a 401(k) or similar retirement plan, then you may want to consider investing in an Individual Retirement Account, or IRA. An IRA acts as a shell for your funds and offers more investment choices than a 401(k), making it an attractive option. However, the two most popular types of IRA — the traditional IRA and Roth IRA — can be difficult to distinguish between. Here’s a quick rundown of their quirks: TAXABILITY The biggest difference between a traditional IRA and a Roth IRA is that the funds you deposit in a Roth have already been taxed, whereas traditional IRA contributions are pre-tax (deposited without taxes deducted). As a result, when you withdraw your money from a traditional IRA, you have to pay taxes on it, while funds pulled from a Roth IRA can be withdrawn without additional charge because the taxes were paid up front. CONTRIBUTIONS Both IRA types have an annual maximum contribution of $6,000 for 2019, plus an additional $1,000 catch-up contribution if you reach age 50 by the end of the tax year. Roth IRAs have no age limit for contributions, but traditional IRAs cut them off when you reach the age of 70 1/2. Another option is to open one of each account type. If you do so, however, your total contribution to both accounts has to stay below the limit for the tax year, including the catch-up.


As long as you’ve had your account for at least five years, you can withdraw money from a Roth IRA at any time or age, though if you withdraw funds before you are 59 1/2, you may have to pay income taxes on them. You’re not required to ever withdraw money from a Roth, and that leaves you the option to pass it on to your heirs. In contrast, if you try to withdraw money from a traditional IRA before you’re 59 1/2, you will have to pay a 10% tax penalty in addition to income taxes, and Required Minimum Distributions are required each year once you reach 70 1/2.

If you have any questions about setting up an IRA or Roth IRA, don’t hesitate to call DuPont Wealth Solutions.



Inspired by Food &Wine magazine

Mashed potatoes are a staple of every American household, but this decadent variation created by Anthony Bourdain is worthy of a Fourth of July feast.


• 4 Ibs. mediumYukon Gold potatoes, peeled and halved • 6 sticks cold unsalted butter, cut into 1/2-inch cubes • 1/2 cup heavy cream • Kosher salt


1. In a stockpot or large saucepan, submerge potatoes in just enough water to cover them. Bring to a boil, add 2 tbsp of salt, and simmer until tender, about 20 minutes. 2. Drain potatoes and let cool for 3 minutes. 3. Using a ricer, grate potatoes into the original saucepan over medium heat. 4. With a wooden spoon, stir potatoes until they begin to stick to pan and steam, about 2 minutes. 5. Add butter in four equal batches, stirring constantly and adding each batch only once the last has been fully incorporated into the saucepan. 6. Stir in cream, season liberally with salt, and serve immediately.

Wealth Solutions | Law Office | 3



DuPont Wealth Solutions, LLC 655 Metro Place South, Ste. 440 Dublin, OH 43017


Greg’s Why PAGE 1

Going Stargazing? Watch Out for UFOs! Third Thursday 30 Upcoming Episodes This Month in the Pilot Mysteries PAGE 2

What’s the Difference Between an IRA and a Roth IRA? Impossibly Silky Mashed Potatoes PAGE 3

Avoid the Summer Heat Somewhere Cool PAGE 4


As the scorching summer sun beats down, it’s hard to remember that just six months ago you were shivering through the winter, whether that meant a chilly 50 degrees F or bitter subzero temperatures. But if cooler temps sound like paradise, and a dip in the pool is no longer keeping you cool, it might be time to take a vacation somewhere chilly. Check out these three destinations to avoid the summer heat. ALASKA No place says chilly quite like Alaska. Trips to Alaska can be expensive during this time of year, but when you step into that crisp air with a cool mountainous view, you’ll understand why it’s a popular summer voyage. Travelers can choose to fly or take a cruise ship, and many cities feature tourism-packed excursions. A few notable locations include Anchorage, the Kenai National Wildlife Refuge, and Denali National Park and Preserve. ICELAND Just as its name suggests, Iceland can be the perfect destination for travelers yearning to get away from the unbearable summer heat. With temperatures rarely exceeding 60 degrees F — the average high for the country — packing is easy for this relaxing vacation.Take a relaxing dip in one of the country’s many

hot springs or enjoy tremendous views of the fjords. Even better, you can tour the country at any time because it’s sunny almost 24 hours a day. What could be better than a midnight hike around the fourth happiest country in the world? NORWAY Just because it’s summer doesn’t mean you have to give up your skiing hobby! Venture off to Norway and experience some of their most popular summer ski resorts. After a day or two shredding the slopes, experience the popular Norwegian Opera and Ballet in Oslo or choose between numerous outdoor and indoor exhibitions. Best of all, you won’t even break a sweat, as the average temperature in Norway’s hottest month barely hits 70 degrees F. Bordering Sweden and northern Finland, Norway can even be the beginning to a cool European tour this summer.

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Published by The Newsletter Pro .

Join me and my trusty sidekick, Skylar, as we march to positively impact 1 Million lives prior to 2030. While I look to mass market tools like my publications and recordings to broaden my impact, I would not be serving you if I were to ignore the impact that I can have on the lives of your friends, your families, and the local community. Here are some of the ways that we can help each other. PUBLIC SPEAKING ENGAGEMENTS My training, experience, and passions have exposed me to different subjects and stories that can improve the lives of many. I have crafted presentations around these subjects. The presentations are not boring PowerPoint presentations. They are engaging, entertaining, and informative conversations for areas like: MARCH TO 1 MILLION

Estate planning and medicaid planning

• Retirement planning, including tax minimization strategies

• The challenge of saving in the modern era

• Business development, self-development, and entrepreneurship

SOCIAL MEDIA ENGAGEMENT In order to share our message with as many people as possible, we have developed and maintain a vigorous social media presence on Facebook, Instagram, Twitter, YouTube, and LinkedIn for both DuPont Wealth Solutions and DuPont and Blumenstiel. As we gain more followers on those platforms, they provide us with more tools to reach even more people. If you get the chance, please follow and like (if appropriate) and maybe share a few of our postings. LAFF NEWSLETTER It is our goal that you find our monthly LAFF newsletter informative and even entertaining at times. We intend to

The purpose here is not to present a complete list of the subjects that I am prepared to speak about, but rather to give a general idea. If you are a member of a group that needs speakers periodically, give me a call and we can chat about what might be a good fit for the group. If you know someone who has to look for speakers for their group, you can give me their information on the lines below and we will follow up to see if we can be of service.

keep developing this cornerstone of our community and expanding on what we have built over the last several years of publishing this newsletter. If you know someone who you think would enjoy receiving the newsletter, please provide their name and mailing address below.

have found to motivate people to seek a second opinion or simply take action are as follows:

• Reaching age 59 1/2 or approaching the final years before retirement

Changing jobs or reaching retirement

Having children

• Recently completed divorce or dissolution

Sudden windfalls

If you would prefer that we let them know that you thought they would be interested in receiving the newsletter, check here. REFERRALS Of course, we can have a more direct immediate impact on friends and family in times of need. The vision that lead to the creation of DuPont Wealth Solutions and the Law firm of DuPont and Blumenstiel was to be able to provide our clients with a convenient single point of contact for legal and financial needs. We have designed our service model to provide solutions for what we believe to be the most common needs of our clients. LEGAL REFERRALS If you have any legal needs, call us first. We have a network of attorneys that we partner with to serve our clients in those areas that are not currently an area of focus. As a reminder, here are the areas of law that we cover: • Estate Planning And Elder Law Solutions, Including Wills, Trusts, And Medicaid Planning

If you know someone who has recently experienced one of these events and may benefit from a conversation with us, let us know below and we will reach out. Lastly, here’s a quick reminder: As a member of the DuPont and Blumenstiel and DuPont Wealth Community, you and your family are always able to take advantage of our complimentary second opinion service for your investment accounts. Just give us a call and we will schedule a time to review things with you.

Thanks for your time. Please return this by mail, fax, or email at your earliest convenience, and be sure to put your name below so we can recognize your contribution.

Estate And Trust Administration

• Automobile Accidents And Personal Injury

• Will And Trust Disputes, Including Will Contests FINANCIAL REFERRALS There are certain moments in life that provide the incentive to take another look at what is going on with our financial affairs and assess our financial future. We are here to help when those situations arise. Some examples of events we

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