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LIFESTYLE ADVOCACY FAMILY FINANCE LAFF is a publication of DuPont Wealth Solutions and The 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.
23 APR
SOUND THE ALARM — A REVOLUTION IS COMING!
Your Wealth May Be at Risk
The American Revolution began on April 19, 1775, when the Patriots battled against the British as the colonies fought for independence. But this war didn’t start overnight. For years, the Crown attempted to impose more control over the colonies. The colonists didn’t like the Taxation Acts, Intolerable Acts, and other laws that infringed upon their rights. So, the Patriots decided to rebel against the Crown — and won! Today, another revolution may soon be upon us. For years, an unprecedented transfer of wealth has been on the horizon as the 401(k) generation transfers the fruits of their lifetime of savings and sacrifice to their chosen beneficiaries. Our government and
America shares some of these trends, and it’s scary to think about our future if we continue down this path.
Because of this, myself and others are leading a revolution to ensure you keep more of your wealth. The Wealth Solutions Network is the foundation we created to combat this. This nationwide group of financially minded attorneys that I am training are the foot soldiers of this effort to protect millions of families like yours. We will do anything in our power to provide strategies to protect our clients life savings from confiscation. We are trying to have our own Boston Tea Party, sound the alarm to the Patriots about what’s to come, and wake people up so they can defend themselves.
corporations are standing between your savings and your legacy. This confiscation of wealth can come in many forms. They are setting you up for an unprecedented confiscation of that wealth, if you do not take action. One form of confiscation is the continued mis-management of your savings by the financial institutions you trust for investment advice. How did that work for you in 2008? 2020-2022? The primary driving force for the recovery of your balances during those times was the printing of money by the Fed, as well as your continuing contributions. This printing of money leads to the second form of confiscation,
But this pressing issue doesn’t just affect you and other clients; it also affects millions of people in the United States. This is why I created the March to a Million and Your Financial Advocate Podcasts. I wanted to develop a platform where experts from different fields drive awareness and share strategies you can use in your own life.
“We can no longer wait
for ‘things to get better’ — enough is enough!”
Our conversations will help bridge the gap between professionals and consumers — we aim to give you the guidance you need on topics that can affect your finances and lifestyle. Learning about these issues is one of the best forms of ammunition you can have to fight in this revolution. When you’re informed, you’re less likely to fall for deception, which is incredibly important today. If you have been a good steward of your savings, you are in the cross- hairs of this potential confiscation of wealth on the horizon. However, several legal and financial tools exist to preserve your wealth and minimize the potential risk on the horizon. But you need to act now because time is not on our side. So, don’t wait! Please contact me today to learn more about how you can prepare for the future. I will happily share strategies with you and develop a plan that works best for you and your family. It’s time for battle!
inflation. This erosion of your purchasing power is a form of stealth tax that happens, to borrow a phrase from the 1770s “without representation.” I mean, who voted for that tax increase? Lastly, don’t get me started on the confiscation that is caused by medical care and nursing homes. You’ve worked your entire life to save money in your retirement accounts to live comfortably when you’re done working. You may have noticed that an extensive amount of value has been removed from your 401(k) or, perhaps you know someone who has experienced this issue. We can no longer wait for “things to get better” — enough is enough! While reading Principles for Dealing With the Changing World Order: Why Nations Succeed and Fail by Ray Dalio, I was reminded that what has happened in the past can help us predict our future. Mr. Dalio points out that some of these economic trends that inevitably led to downfalls were predictable. Almost every empire had the same patterns and trends, and all failed similarly. Unfortunately,
¡Viva la Revolución!
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MEREDITH SMITH, COMMUNITY OUTREACH COORDINATOR STAFF SPOTLIGHT:
How long have you been working at the law firm, and what do you do here? I started working for DuPont & Blumenstiel in 2018 and have since become the go-to client contact person. My typical workday consists of making outbound calls, checking in with current clients and prospects, and assisting in estate planning meetings. I also help out with marketing duties including any seminars that Greg may have. What is the most rewarding part of your job? The most rewarding part of my job is being able to help people plan for the future and make sure their families are taken care of. I love to make lifelong connections with clients and touch base with them even about things going on in their lives that aren’t law or finance related. I also find the work environment here at DuPont & Blumenstiel very satisfying and productive. I love working with my coworkers. The team that we have here is amazing when it comes to working together and being there for each other. What would you say to someone hesitant about creating an estate plan? The most important thing I could say is to just do it. You never know how short life can be, and you never know what might happen to you or a loved one. Don’t wait 20 or 30 years from now to start the estate planning process. Get it done now. You can always come back and make a change later to the documents that you already have in place.
WE APPRECIATE YOU
WHAT HAVE WE BEEN TALKING ABOUT IN THE PODCAST?
We want to use this space to express our gratitude to the following members of the community who have recently
EPISODE 13: “Seminars, Seminars, and More Seminars” EPISODE 12: “Then vs. Now”
left us a review or have referred someone to our care. Thank you!
Stephanie Falor Janet Stone Ryan Rath Chuck Williams
EPISODE 11: “The Future of AI and Financial
Services”
Subscribe to our show on your favorite podcast platform:
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How to Start a Business During Retirement As One Chapter Ends, Another One Begins
During your retirement, some of you may enjoy the additional free time by spending it with your grandchildren, crossing off items on your bucket list, or just relaxing. However, some of you may want to stay active during retirement and continue to have additional income rolling in. If that’s the case, then creating a business may be exactly what you need. As you begin considering whether creating a business is the right career path for you, please consider these three tips while brainstorming. MAKE SURE YOU HAVE ENOUGH MONEY SAVED UP. Creating a business is expensive. Therefore, looking at your financial situation and seeing if you can afford it is best. You want to consider all factors, such as the costs to rent a building, creating a logo and trademark, developing a website, manufacturing expenses, and more. CONSIDER YOUR HEALTH. Owning and operating a business is a heavy responsibility! Reach out to your health care providers to conduct physicals and exams to see if you can take on this demanding role mentally and physically. DEVELOP A PLAN. Retirement is seen as the end of one chapter. But you’re using your retirement to open a new book! Outline what business you want to create — is it based on your hobbies and passions? Then, begin
creating steps and goals to help you during your journey. When you have a solid plan in place, it can assist you as you move further along.
HOW DO YOU REGISTER YOUR BUSINESS? To become a legitimate business in Ohio, there are a few things you must do: • Register your business with the Ohio Secretary of State. • Obtain a federal Employer Identification Number (EIN) through the IRS. • Open a business bank account with your new EIN. • Register with the Ohio Department of Taxation. • Report new hires to the Ohio New Hire Reporting Center. • Apply for workers’ compensation insurance. • Determine if you need an Unemployment Compensation Tax Account. • Obtain any licenses or permits. Developing a business is exciting! But you can’t do it alone — it’s a time-consuming process that can become very stressful. Therefore, reach out to your family and friends for assistance and advice. Your team at DuPont and Blumenstiel would be more than happy to help you during this time. We can help you register your business, obtain loans, and help you create a financial plan that will support you as you chase your dreams. Please call us today for more information!
SUDOKU
EASY FRUIT DIP
Inspired by InspiredByCharm.com
Spring is here, which means it’s time to enjoy fresh fruits and refreshing treats! This recipe has only four ingredients and can be made in under five minutes, so it’s great to bring to parties or make before a quick get-together. We recommend serving it with strawberries or cut-up pineapple, mango, and honeydew.
INGREDIENTS
1 7-oz jar marshmallow fluff
1 cup vanilla yogurt
•
•
1 8-oz package of cream cheese, softened
Splash of maraschino cherry juice
•
•
Fresh-cut fruit of your choice
•
DIRECTIONS
1. In a bowl, place all the ingredients except fruit and blend with a hand mixer until smooth.
2. Cover bowl with plastic wrap and refrigerate for 1–2 hours before serving.
3. Serve with fresh-cut fruit. Dip and enjoy!
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INSIDE
It’s Time to Battle PAGE 1 Meet Our Community Outreach Coordinator
Our Podcast Episodes
Client Appreciation PAGE 2 Transform Your Hobbies Into a Business! Easy Fruit Dip PAGE 3 Top 3 Extended Stay Destinations PAGE 4
All Aboard the Extended Vacation Trend
TOP 3 VACATION DESTINATIONS FOR A LONGER STAY
The pandemic slowed us down. Over the past few years, we collectively took fewer vacations, boarded fewer cruise ships, and avoided airports. However, many studies and reports show that now, more than ever, Americans are taking longer vacations! Why might this be, and what are some of the greatest destinations for an extended stay? According to Amex Travel’s 2022 Global Travel Trend Report, 55% of vacationers are interested in taking longer trips because they can work remotely. The trend of swapping homes is also on the rise. HomeExchange’s website reports that home exchanges of two weeks or more increased by 13% in January-May last year. According to Travel Pulse, 26% of people opt to take a trip that exceeds 10 days. If you are interested in taking a more extended vacation, whether it’s because your job went remote, you lost out on travel time
allow you to pack in a dozen or more of these natural gems in just a couple of weeks! Many national parks also accommodate RVs for comfort and convenience. DRIVE THE CALIFORNIA COAST. A trip up and down the California coast never disappoints. With so many great places to stop and breathtaking views to absorb, you’ll need at least two weeks to experience them properly. You’ll want to explore the Redwood National Forest, the Lost Coast, Pebble Beach, Monterey Bay, Half Moon Bay, Big Sur, Venice Beach, and many more! HOP ABOARD A CRUISE. A cruise is one of the best ways to see many destinations in one trip. You could visit several countries in just two weeks, stopping in different ports to explore! On a cruise, you could see the Caribbean one day and wake up somewhere completely different the next day with a new adventure ahead!
in 2020-2022, or you saved on gas money while working from home, here are some great destinations that support a longer stay. VISIT THE NATIONAL PARKS. There is no better way to connect with nature than to tour the national parks. Several epic national park road trips could
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