Check out our January newsletter!
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January 2020
Real Goals Should Scare You How to Reach the Accomplishments You DreamAbout
back at“regular”schools now, but we will all have lifetime memories of the great family experiences we shared. We got to take them to Utah to see dinosaur bones still in the rocks, to Alaska to see grizzly bears and salmon runs and the original Klondike trail, and to the East Coast to learn about American history. But we didn’t get here without a plan, and back then, these goals seemed absurdly out of reach. We worked hard to get to where we are today. Just over a decade ago, my wife and I invested in a small business. We scraped together every penny we could afford— and some pennies we couldn’t afford— and put everything into her business. We had no cash reserve to fall back on, and we couldn’t hire any employees. Instead, we were charged with molding the business night after night, staying as late as 1 a.m. many nights — cleaning, building, and pushing the business off the ground by force of will and work. Today, her business (Just Between Friends, a ski swap-style business for children’s toys, clothes, and maternity clothes) employs as many as 30 people per event. Four times each year, the whole family helps when Just Between Friends rents space at county fairgrounds inWashington and northern Idaho for large sales events. Today, we can stand back and watch over two miles of linear feet of clothes racks go up in a few hours. We used to do that all ourselves, but after years of hard work, we are in a place where others can help us do the work. When my wife bought and took over Just Between Friends, I had just graduated from law school. I had a new job as a young lawyer, but a few years later, I became a partner at a small firm. A few years after that, I began my own firm. When I set out on my own, everyone told me
Goals that don’t scare you are hardly worth setting. Goals should be daunting and make you wonder how you can ever accomplish them. They shouldn’t be something you can complete in a matter of months. Instead, they should be dreams you continually work at. About 15 years ago, my wife and I were both employees of other businesses. We had to fill out a form if we needed an hour off, and if we needed a week’s worth of vacation time, then we needed to ask months in advance. We worked hard, but that didn’t mean much for our freedom. As our family grew, we knew we wanted to make a change. We didn’t want to count down the days until our retirement. Instead, we wanted to work hard and still enjoy what we did. Wouldn’t it be great to have work you didn’t even want to retire from? Today, we have that freedom. My dog, Claire, is the office mascot and makes everyone smile when she spends the odd day here or there at the office. We also had the amazing chance to home-school our two youngest for two years and travel with themwhile working from the road when needed. They’re both
how difficult it was going to be. Essentially, you get paid as much as you work, and good luck taking a vacation when it’s just you doing all the work. They were all right —it was damn hard. But I saw those doubts as a personal challenge. I trusted I would find a like-minded team filled with people who share the same goals. There’s a saying—often attributed to Thomas Jefferson — that hangs on my wall and reads,“I’m a great believer in luck, and I find the harder I work, the more I have of it.”We’ve had a lot of luck, but not all of it was good—we just kept putting in more work. My wife and I are each surrounded by wonderful teams who cheer each other on and are always excited to hear our new goals for our businesses. We’re just as happy to get the chance to help them accomplish their goals. January is a great time to set some new goals, so go on and scare yourself with what you would be most proud of five or even 10 years from now. Then go put in the work! Celebrating the high point on Metal Masher trail in Moab, UT, after touring dinosaur bone sites
This Month’s Happiest Client!
“Matt, with Albrecht Law, has been an absolute godsend … After my accident, Matt could identify with my feelings and made me feel human when I felt so far from being one. I cannot believe the attentiveness and work that he put into my case and was even happier with the end results. He is an honest, truthful, stand-up guy.” -Kat H.
Hoping you all have a blessed 2020,
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Social Security in 2020 KNOWWHAT’S CHANGING
Maximum Benefits
If you’re in the appropriate age bracket, Social Security may play a major role in your finances. So, it’s important to know how Social Security will be changing in 2020.
Those near the top of the Social Security income scale in 2019 will see an increase in their maximum payout in 2020. The maximum payout for an individual will be capped at $2,861 per month. That translates to $34,332 per year, so consider how that may impact your finances.
Trust Fund
Unless Congress takes some drastic actions in the coming months, the current excess trust fund revenue will be depleted by the year 2034. If that happens, Social Security will only be able to pay 79% of the promised benefits from ongoing payroll taxes. You may need to think about what your financial plan would be like with 21% less income.
Taxes
Howmuch your benefits are taxed depends on your household income levels. For example, 50% of your benefits will be taxed if youmake between $25,000–$34,000 individually or $32,000–$44,000 for married couples. If you’re above that income bracket, then 85% of your benefits will be taxable.
Retirement Age
If you haven’t reached retirement yet, this one is important to consider. If you were born after 1959, the full retirement age is now 67 for you. You’ll still be able to start taking some benefits at age 62, but they’ll be at reduced monthly payments.
Cost of Living
Low inflation means that Social Security benefits will only see a minor cost of living increase. This year, it’s expected to be around 1.6%. It’s not major, but if you’re living off Social Security alone, every penny is important.
Ctrl, Alt, Delete Your Clutter TIPS FOR NATIONAL CLEAN UPYOUR COMPUTER MONTH
Back Up Your Computer
Everyone relies on technology. Computers, laptops, tablets, and phones are staples of modern life. However, it’s easy for these devices to become cluttered with old photos, files, and general disorganization. Luckily, January is National Clean Up Your Computer Month and an excellent time to get your technology in order.
Be sure to back up your computer before you start deleting things. This acts as a safety net in case you delete something you didn’t mean to. Additionally, consider installing a second hard drive. The extra space can help with storing important files without having to worry about how much room is left.
Start by Dusting
Clean Up Space
Over time, computer towers can become clogged with dust, which creates additional, unwanted heat within your computer. Regular cleanings will increase the lifespan of your computer and protect its essential components. Compressed air is great for removing most of the dust and other particulates. If the fans or filters are too dirty, you can remove them from the tower to clean them better. If you use water or liquid cleaning products on them, be sure they are completely dry before placing them back into your computer.
Any files you’ll never use again should be deleted. Likewise, any programs you haven’t used in a while should be uninstalled. Check your hard drive for files that might be taking up unintended space on your computer. And remember to empty the recycling bin — it’s easy to forget just how much goes in there.
Organize Your Files
Naming and arranging the files on your computer in such a way that they’re easy for you to find can end up saving you a lot of time. Declutter your workspace by creating one file for pictures, one for Word documents, one for spreadsheets, and one for programs to eliminate the hassle of frantically searching for the files you need.
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TAKE A BREAK
MEET THE WORLD’S FIRST AIRPORT THERAPY PIG How Lilou and Animals Like Her Calm Stressed-Out Travelers
Imagine you’re navigating a vast airport on a busy Saturday, shouldering your way through crowds and struggling to hear the PA system over the clatter of 1,000 wheeled suitcases. Suddenly, you see a pig wearing a hot pink sweater waddling toward you on a leash. Do you stop in your tracks? Does your stress level drop? Do you laugh out loud when you see its pink nail polish? If you answered “yes” to any of the above, then you can sympathize with the passengers, pilots, flight attendants, and staff at the San Francisco International Airport. They get to enjoy visits from Lilou, the world’s first airport therapy pig, on a regular basis! As part of the Wag Brigade, the airport’s cadre of (mostly canine) therapy animals, Lilou wanders the airport with her humans, bringing joy, peace, and calm to everyone she meets. Lilou may be the only pig of her kind, but airport therapy animals have been a growing trend for the last few years. According to NPR, as of 2017, more than 30 airports across the U.S. employed therapy dogs, and these days, estimates land closer to 60. The San Jose and Denver airports have therapy cats, and the Cincinnati/Northern Kentucky International Airport even offers passengers the chance to play with miniature horses before boarding their flights. Therapy dogs started appearing in U.S. airports after the 9/11 terror attacks, which changed American attitudes about flying. They did so well at helping passengers calm down that airports began implementing permanent programs. Some have pets on hand 24/7 to assist passengers, while others host animal visits every few weeks or months. These days, regular travelers have fallen hard for their local therapy animals, many of whom even have their own Instagram accounts and hashtags. So, the next time you’re traveling, keep an eye out for a friendly pup, cat, pig, or horse to pet. A bit of love from an animal just might improve your trip!
HOPPIN’ JOHN
A traditional New Year’s favorite in the South, Hoppin’ John includes black-eyed peas that are said to represent coins, a sign of prosperity for the coming year. It’s usually served alongside collard greens, which represent cash.
Ingredients
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1 smoked ham hock
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1 cup dried black-eyed peas
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1 medium onion, diced
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5–6 cups water
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1 cup long-grain white rice
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1 dried hot pepper, optional (arbol and Calabrian are great options)
Directions
1. Wash and sort peas. 2. In a saucepan, cover peas with water, discarding any that float. 3. Add pepper, ham hock, and onion. Gently boil and cook uncovered, stirring occasionally, until peas are just tender, about 90 minutes. At this point, you should have about 2 cups of liquid remaining. 4. Add rice, cover, drop heat to low, and simmer for 20 minutes, undisturbed. 5. Remove from heat and let steam for an additional 10 minutes, still covered. 6. Remove lid, fluff with a fork, and serve. Inspired by Epicurious
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509-495-1246 www. AlbrechtLawFirm.com 421 W. Riverside Ave., Ste. 614 Spokane, WA 99201 INSIDE THIS ISSUE
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Succeeding in Your Biggest Goals
Changes to Social Security in 2020 Enter 2020 With an Organized Computer
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Hoppin’ John Meet the World’s First Airport Therapy Pig
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The Sweetest Crime in History
HISTORY’S SWEETEST THEFT THE GREAT CANADIAN MAPLE SYRUP HEIST
Unfortunately, the thieves got sloppy and stopped refilling the barrels with water. When an FPAQ inspector visited the targeted facility in the fall of 2012, he accidentally knocked over one of the empty barrels. The inspector
At the FPAQ facility, syrup was stored in unmarked metal barrels and only inspected once a year. The heist, led by a man named Richard Vallières, involved transporting the barrels to a remote sugar shack in the Canadian wilderness, where they siphoned off the maple syrup, refilled the barrels with water, and returned the barrels to the facility. The stolen syrup was then trucked east to New Brunswick and south across the border into Vermont. Wisely, the thieves sold their ill-gotten goods in small batches, avoiding suspicion from legitimate syrup distributors. In what is now known as the Great Canadian Maple Syrup Heist, thieves made off with 10,000 barrels of maple syrup valued at $18.7 million. This remains one of the most costly heists in Canadian history. Vallières himself became a millionaire and took his family on three tropical vacations in one year.
Maple syrup holds a proud place in the history and culture of Quebec, Canada. It’s also a big part of Quebec’s economy, with 72% of the world’s maple syrup produced in Quebec alone. Due to tactics employed by the Federation of Quebec Maple Syrup Producers (FPAQ), the NPR-backed podcast“The Indicator”estimates that maple syrup is valued at approximately $1,300 per barrel —over 20 times more than crude oil. The FPAQ controls the available syrup supply, never releasing enough maple syrup to meet demand, which increases the price. As a result, most of the world’s maple syrup is stored in various reserves. Between 2011 and 2012, a group of thieves decided to liberate the syrup from an FPAQ facility in Saint-Louis-de-Blandford, Quebec. Stealing syrup from Canada doesn’t sound as glamorous as stealing cash from a Vegas casino, but their plan could rival the plot of “Ocean’s Eleven.”
alerted the police, who would go on to arrest 17 men in connection to the theft, including Vallières himself.
Police were then able to recover hundreds
of barrels of the stolen syrup, but most of it was never recovered — likely lost
to pancake breakfasts far away.
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