Contents
TIMELY FINANCIAL NEWS
04
Mid-Year Update and Outlook
Letter from the Editor
LIFESTYLE + WELLNESS | FINANCIAL LITERACY
Elder Financial Abuse: How to Recognize It and Warning Signs to Look for
07
Hello Friends, Welcome to the latest edition of Perspective , our digital newsletter designed with you in mind. The Spectrum team knows what issues and topics are most important to our clients, and we are proud to share insights that matter to you the most. As we approach the summer months and ending of the second quarter of this year, we are reminded that things in life are constantly changing as we transition through the different seasons of the year. For many, the summer is a time for travel, relaxation, rejuvenation, and spending time enjoying outdoor activities. It is also an ideal time to organize important documents you have accrued over the recent months and perform a mid-year review of your financial plans to ensure you are on track to meet your goals for the year. In this issue, we will be discussing Inherited IRAs: Mid-Year Update and Outlook, Why the Required Beginning Date is More Important Now than Ever Before, Elder Financial Abuse: How to Recognize It and Warning Signs to Look for, Charitable Giving Basics, and other financial topics including The Negative Wealth Effect, and Descending Triangle Charts Explained. As always, the Spectrum team supports your financial goals, and we are proud to guide you on the road to financial independence. We hope you enjoy this issue and find the articles practical and intriguing.
ESTATE PLANNING | FINANCIAL LITERACY
Inherited IRAs: Why the Required Beginning Date is More Important Now than Ever Before 10
INVESTING | FINANCIAL LITERACY
13
Descending Triangle Chart Explained
INVESTING | FINANCIAL LITERACY
15
Monte Carlo Analysis
INVESTING| BEHAVIORAL FINANCE | FINANCIAL LITERACY
Negative Wealth Effect
18
All the best,
ESTATE PLANNING | TAX PLANNING
Leslie Thompson CFA ® , CPA, CDFA™ Editor and Chief Investment Officer Co-Founder
20
Charitable Giving Basics
ESTATE PLANNING | EDUCATION COST PLANNING
22
Estate Planning and 529 Plans
2 PERSPECTIVE Summer 2023
PERSPECTIVE Summer 2023 3
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