And down the stretch they come!

Aug 7, 2013 | Wealth Management

Jeff Schriefer
Wealth Management
Bank of...
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He left his fortune to no one!

Sep 17, 2013 | Wealth Management

“He was a very smart man but he died like an idiot,” said Paul Skurka of his friend Roman Blum who died last year with an estate worth around $40 million, and, as you probably guessed, no will.   Mr. Blum’s story is rather amazing from being a holocaust survivor to a very successful real estate developer...
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When there's a will, there's still a way to have a complete mess!

Oct 10, 2013 | Wealth Management

Regardless of how well worded your will, or how exquisite your trust, if you forget to update your beneficiary designations on your retirement plans and insurance policies, you are leaving a potential disaster.

Warren Hillman died in 2008.  He had been divorced for 10 years and had since remarried.  Enter a life insurance polic...
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Retirement Party!

Oct 28, 2013 | Wealth Management

Let us help you plan your retirement party!

If you are nearing retirement or your employer has offered an early retirement program similar to the Next Step Program offered at Toyota Motor Manufacturing Kentucky, we encourage you to give us a call.  We get to know you and your family and help you navigate your 401(k) rollover into an IRA and establish an investment program that h...
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Happy New Year!

Jan 6, 2014 | Wealth Management

The Markets

Equities rang in the new year by taking a bit of a breather. As investors decided to take some of the profits that the Santa Claus rally had left in their stockings, the Dow lost 135 points on 2014's first trading day, though it regained much of that the following day. The other three domestic indices fared slightly worse, though not as badly as the Global Dow. Meanwhile, gold showed signs of new life after its disastrous 2013, jumping nearly 3% in the first two days ...
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It's a small world after all

Feb 4, 2014 | Wealth Management

To understand investing today, you must familiarize yourself with the magical words from Mickey’s Kingdom: "It’s a small world after all." Much of the recent downturn in the market has been fueled by challenges overseas as emerging markets continue to suffer from concerns about 1) downward pressure on their currencies resulting in higher interest rates, 2) assets being moved to stronger currencies adding further headwinds to already fragile economies, and 3) a downturn i...
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Lessons from Dad

Apr 22, 2014 | Wealth Management

Sometimes, it’s just better to learn from the mistakes of others. Liz Ozaist had a hands-on education on managing an estate with inadequate, or in this case, no estate plan. Last year she wrote an article in Forbes titled “What My Dad’s Death Taught Me About Money” in an effort to help people understand the importanc...
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Digital Estate

Jun 12, 2014 | Wealth Management

In the ‘80’s, Madonna was singing “I’m living in the material world, because I’m a material girl.”  However, fast forward to 2014, you need to replace the word “material” with “digital”. 

A survey done by McAfee in 2011, found that the average US internet user placed a value of $55,000 on their digital assets.  While some digital a...
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The Biology of Risk

Jul 2, 2014 | Wealth Management

During a USA World Cup soccer match, my emotions can sometimes get the best of me. Emotions can be fine during a soccer match, but not regarding your investments. This NY Times article describes the strong reactions our bodies have to risk. However, I believe when you add strong emotions (such as investors managing their own investments) to risk, this can trigger a "panic" like physiological...
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Stocks recover!

Oct 17, 2014 | Wealth Management

After being in free-fall over the past few weeks, stocks have turned positive on Friday after a string of upbeat readings on the economy, particularly regarding labor, industrial production and housing starts.  Also, global central banks seemed poised to "grease the wheel" with more stimulus.  Domestic stocks are in the beginning of earnings season and ...
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Potential game changer for family transfer of Art

Nov 4, 2014 | Wealth Management

Partial ownership of art has historically not been granted valuation discounts for estate tax purposes such as those enjoyed by Family Limited Partnerships. However, this recent case detailed in the New York Times may change how ownership of art is structured for wealthy families as this family was able to attain substantial partial ownership valuation discount...
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Of Turkey and Wills

Nov 25, 2014 | Wealth Management

There is nothing like a big Thanksgiving dinner surrounded by family (and also surrounded by my mom’s homemade dumplings!).  And as you enjoy this family theatre, it is a perfect time to think about how you can further help your loved ones by considering  what will happen to all your assets after you take your final bow…after you exit stage left…after your final curtain….you get the point.

The best gift you can give your family this holiday seas...
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Revocable Trust and POA

Jan 20, 2015 | Wealth Management

So you have your you still need a revocable living trust?  Maybe.  This recent New York Times article offers some perspective.


Jeff Schriefer
Senior Wealth Advisor
Wealth Management
859-233-8929 Office
859-252-0304 Fax

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Digital Assets Revisited

Feb 17, 2015 | Wealth Management

Last year I discussed the need for and potential challenges of planning for your digital estate.  A few days ago, Facebook took steps to address this digital debate by allowing users to assign a “legacy contact” for their account.  This person  would work like a digital executor and take control over many a...
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Sailing the Seas of Retirement

Apr 1, 2015 | Wealth Management

Shortly before Lee Wachstetter’s husband passed away, he told her to keep on cruisin’.   Mama Lee, as she is now known, took it to heart and now this vibrant 86 year old gal is sailing the seas every day aboard Crystal Cruises’ Serenity.  There are certainly plenty of perks.  On board she gets several meals a day, cock...
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Sweat the Small Stuff

Jun 16, 2015 | Wealth Management

We have all been told not to “sweat the small stuff”.  And, adherence to this adage can serve you well in many instances.  However, regarding your estate plan, it is vital that you “sweat the small stuff”.  Consider the estate of Robin Williams.  On many fronts, Mr. Williams had a well thought-out estate plan.  But, enter his c...
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The China Syndrome

Aug 14, 2015 | Wealth Management

With all the intrigue of the 1979 melodrama, the 2015 China Syndrome has less to do with a nuclear power plant and more to do with global markets avoiding another type of “meltdown”.   Just when we put Greece in the rear view mirror, China raced down the straightaway and decided to lead a few laps.  Earlier this week, the People’s Bank of China decided to devalue the yua...
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Elder Financial Abuse

Aug 20, 2015 | Wealth Management

No one is sure of the exact statistics regarding elder financial abuse as many cases are not reported or are not investigated thoroughly. Be an advocate for those who are defenseless. Here are some ideas and resources to help.

Jeff Schriefer
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