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Articles by Alan & Akemi

Year-End Planning

It’s hard to believe that we’re nearing the end of 2018. The year-end presents a unique opportunity to review your overall personal financial situation.  With factors like tax reform, life changes or just working towards your goals, now is an especially important time to evaluate things. The following are some ideas you might want to consider before the year ends. 

Income Tax Planning – Ensure you are implementing tax reduction strategies like maximizing your retirement plan contributions, tax gain/loss harvesting in portfolios and making adjustments for the new Tax Cuts and Jobs Act.   

  • Each dollar contributed to your retirement plan (i.e.: IRA, 401K 403B) is a dollar reduction in your taxable income for the year.  This can be a powerful tax savings tool immediately, and provides tax deferred growth for years to come.
  • Many investors experienced volatility in their portfolios this year, which may present opportunities for tax-loss harvesting, or selling investments at a loss, which can be offset against an equivalent amount of capital gains or up to $3,000 of ordinary income.
  • If you have low income this year (below $38,600 for single taxpayers or $77,200 for joint filers), you may want to consider taking advantage of the 0% tax bracket for long-term capital gains by harvesting some capital gains before year-end.
  • It may be prudent to check with your CPA before the year is over to see if there are adjustments you should make given the new tax law such as taking advantage of new benefits or adjusting for tax deductions no longer allowed.   

Charitable Giving – There are many ways to be tax efficient when making charitable gifts. For example, donating appreciated stock could make sense in order to avoid paying capital gains taxes. Further, you may want to consider “bunching” charitable deductions, or grouping several years of future donations together at one time by contributing to a donor advised fund, set up by you. The bunching strategy may allow you to qualify for tax itemization in a year you might not otherwise meet the higher threshold under the new tax law.  Utilizing bunching, you’ll receive an immediate tax deduction for the year you make the contribution to the donor advised fund.  However, you can donate from the donor advised fund anytime, allowing you to keep your annual gifting consistent, if that is important to your church or temple, for example.  

Estate Planning – Be sure that your estate planning documents are up to date – not just your will, but also your power of attorney, health care documents, and any trust agreements – and that the beneficiary designations are in line with your desires. If you have recently been through a significant life event such as marriage, divorce or the death of a spouse, this is especially important right now. It may be useful to take an overall review of your estate and review how each asset would be passed on and how the current tax law would impact you. 

Investment Strategy– Recently, we’ve seen increased market volatility and it may feel uncomfortable.  Market declines are a natural part of investing, and understanding the importance of maintaining discipline during these times is imperative. Regular portfolio rebalancing will allow you to maintain the appropriate amount of risk in your portfolio. If you are retired and living off your portfolio, you also want to maintain an appropriate cash reserve to cover living expenses for a certain period of time so that you do not have to sell equities in a down market and lock in losses.

Retirement Planning – Whether you expect a typical full retirement or something different, determining an appropriate balance between spending and saving, both now and in the future, is important. There are many options available for saving for retirement and it is important to understand which option is best for you.  You may want to employ a strategy of contributing to your employer sponsored work plan, a Roth IRA and an after-tax savings vehicle in different percentages depending on the goals for each savings bucket.  

Cash Flow Planning– Review your 2018 spending and plan ahead for next year. Understanding your cash flow needs is an important aspect of determining if you have sufficient assets to meet your goals.  If you are retired, it is particularly important to maintain a tax efficient withdrawal strategy to cover your spending needs. If you have not yet reached age 70.5, it is prudent to ensure you are making tax-efficient withdrawal decisions.  If you are over age 70.5 make sure you are taking your required minimum distributions (RMDs) because the IRS penalties are significant if you don’t. Remember, you can donate your RMD via a Qualified Charitable Distribution (QCD) if you want to avoid having the RMD increase your taxable income which could affect other things like Medicare premiums or social security tax rates to name a few.

Risk Management – It is always a good idea to periodically review your insurance coverages in various areas. Recent catastrophic events like hurricanes and wildfires serve as a powerful reminder to make sure your property insurance coverage is right for your needs. If you are in a Federal disaster area, there are additional steps necessary to recover what you can and explore the tax treatment of casualty losses. Other areas of risk management that may need to be revisited include life and disability insurance.

Education Funding – Funding education costs for children or grandchildren is important to many people.  While the increase in college costs have slowed some lately, this is still a major expense for most families. It is important to know the many different ways you can save for education to determine the optimal strategy. Often, funding a 529 plan comes with tax benefits, so making contributions before the end of the year is key.  With the added flexibility of utilizing 529 savings funds early for k-12 years (set at a $10,000 limit), 529 accounts become even more advantageous.

Elder Planning – There are many financial planning elements to consider as you age, and it is important to consider these things before it’s too late. Having a plan as to who will handle your financial affairs should you suffer cognitive decline is critical.  Making sure your spouse and/or family understands your plans will help reduce future family conflicts and ensure your wishes are considered.

The decisions you make each year with your personal finances will have a lasting impact. Be sure to reach out to your CPA and Financial Planner early to put plans to action and get timely feedback.  We wish you a safe and happy holiday season. 

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Kondo Wealth Advisors, Inc.  employees providing such comments, and should not be regarded as a description of advisory services provided by Kondo Wealth Advisors, Inc.  or performance returns of any Kondo Wealth Advisors, Inc.  Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Kondo Wealth Advisors, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

 

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2019 Inflation and Social Security Adjustments

Annually, the US government adjusts various investment and benefit thresholds based on the inflation rate.  Inflation, or the rising of prices that we pay for goods and services, can directly affect the standard of living for retirees on a set income. Given inflation has been relatively low during the last 10 years, most of the annual adjustments to benefit thresholds have been small.  However, below are some of the changes to come in 2019.

Tax-Deferred Savings Thresholds

The contribution limit, or maximum amount that can be contributed, to 401k, 403b, most 457 plans, and the federal government’s Thrift Savings Plan (TSP) will rise from $18,500 to $19,000 in 2019[i].  Employees age 50 and older will continue to be able to contribute an additional $6,000 as a ‘catch-up’ provision.  However, the catch-up contribution limit did not increase between 2018 and 2019.

The IRS also raised the contribution limit for IRA accounts for the first time in six years!  Starting in 2019, the contribution limit will increase from $5,500 to $6,000.  The catch-up contribution for IRAs of $1,000 was also unchanged between 2018 and 2019.

Traditional IRA contributions are tax-free (you get a deduction on your tax return) if you aren’t eligible to contribute to an employer-sponsored retirement plan.  If you are contributing to an employer-sponsored plan, the deduction for making a contribution is phased out starting at $64,000 in income as a single tax filer or $103,000 if married filing jointly.  It may be beneficial to check with your CPA whether an IRA or Roth IRA is better suited to you given your income and investment goals.

Roth IRA contributions are also now capped at $6,000, but your ability to contribute phases out completely at $137,000 of income for single tax filers or $203,000 for married filing jointly tax filers.

Social Security Adjustments

Annually, in mid-October the Social Security Administration determines what Cost of Living Adjustment (COLA) will be made to benefits in the coming year.  This is immensely important for millions of Americans who depend upon social security benefits to help provide them with retirement income.  Some good news to share is that social security beneficiaries will receive their biggest cost of living adjustment in seven years!  In 2019, the COLA will increase benefits by 2.8% over last year. For the average social security recipient, that amounts to an increase of approximately $39 a month or $468 a year.[ii]  In 2019, a retired worker reaching full retirement age would receive a maximum of $2,861 a month—an increase of $73 a month, or $876 a year.[iii]

The age that the Social Security Administration defines as “full retirement age” will also increase by two months, to 66 years and six months for people who will turn 62 in 2019.  The full retirement age will increase in 2-month increments over the next two years until it reaches age 67 for everyone born in 1960 or later.[iv] 

Given social security benefits and their annual inflation factors are modest, it is important for those still in their working years to take advantage of the higher savings thresholds available.  It can be difficult to save given the high cost of living and rising cost of goods and services.  My father, Alan Kondo, CFP® often quoted the saying, “pay yourself first.” In other words, route a set amount of each paycheck directly to your retirement savings account before you receive your paycheck.  In such a way, you are paying yourself before you start paying your monthly living expenses and discretionary purchases. 

The decisions you make each year with your personal finances will have a lasting impact. Be sure to reach out to your CPA and Financial Planner for help implementing your savings plans or as a financial sounding board. 

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Kondo Wealth Advisors, Inc.  employees providing such comments, and should not be regarded as a description of advisory services provided by Kondo Wealth Advisors, Inc.  or performance returns of any Kondo Wealth Advisors, Inc.  Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Kondo Wealth Advisors, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.


[i] https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000

[ii] https://www.aarp.org/retirement/social-security/info-2018/new-cola-benefit-2019.html

[iii] https://money.usnews.com/money/retirement/articles/social-security-changes-coming-next-year

[iv] https://money.usnews.com/money/retirement/articles/social-security-changes-coming-next-year

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Politics & Investing

Politics bring out the best in people, right? Well, politics certainly brings out a very passionate side of Americans. Unfortunately, politics has done more to divide us rather than unite us lately.

For the weeks leading up to the midterm election, the stock market whipped back and forth in anticipation of changes to come. By the end of October, the S&P closed down 7%[i], rattling a few investors, but bringing a sigh of relief to many who had long anticipated a market correction.

Some investors cashed out their portfolio, worried of doom ahead due to the political climate. However, Warren Buffet has been quoted saying, “If you mix politics and investing, you’re making a big mistake.” Truly, whenever decisions are based more on emotion or opinion over fact, the results can be damaging to your investment portfolio. Therefore, when the market is volatile, it’s important to focus on the facts.

Since 1946, there have been 18 midterm elections.  At the one-year mark following those midterm elections, the stock market has been up 18 out of 18 times! The stock market has been agnostic in regard to party lines. Despite the midterm election results, Republican President & Republican Congress, Republican President & Democratic Congress, Democratic President & Republican Congress, Democratic President & Democratic Congress, the market has had a positive return, one-year out.[ii] 

The average one-year return following the mid-term election has been 17%. If you calculate gains from the mid-term low, the historical return was even higher at 32%.[iii] This gives good reason for investors not to panic, but rather, ride out the short-term volatility.

Focusing on historical trends, the second year of presidential terms have been the lowest performing year, which would be 2018 in our current presidential term. The third year of presidential terms has shown to be the highest performing year, potentially giving us something to look forward to in 2019[iv].

Despite current market volatility, the US economy is quite strong.  As such, the Fed has raised interest rates 3 times so far in 2018, and has suggested they will raise interest rates a quarter point one more time before the year is over.  While each interest rate increase creates market volatility, the Fed feels the economy is strong enough to sustain the higher interest rates, and the process heeds off inflation, which is important for a strong economy in the long-term.

An influencing factor on market performance at year-end is consumer spending.  If consumer outlook is positive, spending tends to be higher and corporate profits follow suit. This often leads to what is affectionately called the Santa Claus Rally. Costco already has Christmas decorations up and Amazon, Target and Walmart are competing hard for online retail sales.

Aggressive investors who believe Presidential Cycle Statistics might be itching to buy stocks now. It is prudent to remember that past results are not indicative of future results. However, a diversified portfolio that balances both US holdings, international equities and some fixed income for downside protection would give you the ability to capture market rates of return without banking on one company or industry to “hit it big.”

If you’re feeling anxious, or excited, talk to your financial sounding board for a second opinion. A CPA can ensure your next move makes sense from a tax perspective, and a CFP® can ensure the investment suits your risk tolerance.   

On a more somber note, you may have heard about Utah mayor, Maj. Brent Taylor, who was fatally shot last week while serving in Afghanistan. His body returned home to his wife and seven young children (ages 13 to 11 months old), draped under the American flag on Election Day. While in Afghanistan, Maj. Taylor helped to protect the democratic process, protecting Afghani citizens from physical violence so they may cast their ballot. In one of his last Facebook postings, Maj. Taylor wrote, “I hope everyone back home exercises their precious right to vote. And that whether the Republicans or the Democrats win, that we all remember that we have far more as Americans that unites us than divides us. “United we stand, divided we fall.” God Bless America.”[v]

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Kondo Wealth Advisors, Inc.  employees providing such comments, and should not be regarded as a description of advisory services provided by Kondo Wealth Advisors, Inc.  or performance returns of any Kondo Wealth Advisors, Inc.  Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Kondo Wealth Advisors, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.


[i] https://www.msn.com/en-us/money/markets/opinion-this-is-what’s-happened-to-stocks-after-every-midterm-election-since-world-war-ii/ar-BBPmZiQ?ocid=spartandhp

[ii] https://www.msn.com/en-us/money/markets/opinion-this-is-what’s-happened-to-stocks-after-every-midterm-election-since-world-war-ii/ar-BBPmZiQ?ocid=spartandhp

[iii] https://grow.acorns.com/midterm-election-stock-market-performance/?gsi=A3ZbRa8

[iv] https://www.schaeffersresearch.com/content/analysis/2018/09/26/this-presidential-cycle-stat-says-to-buy-stocks-now

[v] https://www.newsweek.com/afghanistan-soldier-killed-us-1200422

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The Failure of Healthcare for Profit

Americans spend more on healthcare than residents of any other developed country in the world. As a result, 14% of the U.S. market cap is weighted in this profitable sector, compared with 9% for the rest of the world. 

The U.S. healthcare system is a $2.5 trillion industry, one of the most profitable in the world. Between 2015 and 2016, the net income of health insurers jumped 46%, according to insurance company rating firm, A.M. Best.¹ In the second quarter of 2017, the nation's top six health insurers reported $6 billion in profits, up more than 29% from a year ago.² In the second quarter of this year, publicly-traded health care companies amassed $47 billion in profits on $545 billion of revenue.³ As a result, U.S. healthcare costs 17.8% of Gross Domestic Product, nearly double that of other nations.⁴

Ironically, this high cost has brought us worse, not better, outcomes. Compared to other developed nations, the U.S. ranked last in life expectancy, and experienced the worst maternal mortality rates (triple that of the United Kingdom), and more infant deaths.⁵

Even more shameful, a 2009 study by the U.S. Centers for Disease Control and Prevention found that life expectancy varies significantly according to your skin color. The average African American can expect to live to just 75, the same life expectancy that white Americans enjoyed back in 1979.⁶

The Commonwealth Fund, which ranks the health systems of developed countries, found similar results. Americans pay the most for healthcare but have a healthcare system that has ranked dead last for the last 20 years.⁷ It concluded that in the U.S., health care is a privilege, not a right. Today, 27 million Americans remain without healthcare coverage, often because they can't afford coverage, or live in a state that didn't expand Medicaid (state-sponsored coverage for those with low income and assets).⁸ 

In the U.S., life-saving drugs cost a fortune. Americans often pay thousands of dollars more for their drugs than people in other countries pay for the exact same pills. Unlike other countries, where the governments haggle with drug companies for lower prices on behalf of its citizens, Medicare is forbidden to negotiate with drug companies.

This already dire situation is likely to take a turn for the worse. Trump's recent tax law gave several big gifts to corporations. It included repatriation at a low 15.5% of $620 billion that corporations held tax-free overseas. In addition, Trump gave corporations a permanent tax cut from 35% down to 21%. According to the Congressional Budget Office, this will add $1.8 trillion to the national deficit over the coming decade. How do they plan to reduce this massive deficit? House Speaker Paul Ryan said, "We're going to get back to entitlement reform, which is how you tackle the debt and the deficit."⁹ 

The lynchpin in "entitlement reform" is an attack on Medicare benefits. Medicare is a very popular program even among Trump supporters, but after the election, Republicans won't have to worry about retribution. After the midterms, we can expect efforts to cut Medicare benefits and increase premiums during the lame duck session before the next Congress is sworn in on January 2019.

The slashing of social protection benefits adds to a growing gap between rich and poor in an economy where the top 1% of the U.S. population already owns 38.6% of the total wealth.¹º Therefore, an effort to reform healthcare in America is actually a demand for large-scale income redistribution, which is one reason the U.S. political system will be so resistant to a fundamental change.

 

¹ FactCheck.org 10/20/2017

² CNBC 8/5/2017

³ Axios 8/3/2018

⁴ ⁵ The Guardian 3/13/2018

⁶ Business Insider 6/23/2017

⁷ The Atlantic 6/22/2018

⁸ Bloomberg 4/4/2018

⁹ Washington Post 12/1/2017

¹º Los Angeles Times 6/1/2018

 

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Kondo Wealth Advisors, Inc.  employees providing such comments, and should not be regarded as a description of advisory services provided by Kondo Wealth Advisors, Inc.  or performance returns of any Kondo Wealth Advisors, Inc.  Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Kondo Wealth Advisors, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

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Stock Market Plunges in Fear

If you’re a superstitious investor, you might be blaming the recent decline in the stock market on the October Effect, or the theory that stock prices decline in October.  This Wednesday, the Dow Jones Industrial dropped nearly 832 points or 3.15%, the third-worst point decline in the history of the market[i].  Don’t start selling all your stocks just yet.  To keep things in perspective, the Dow fell 23% on Black Monday in 1987 (also in the month of October, out of interest)[ii].  We’re nowhere near that and the current US economy is quite strong.  We’ve experienced numerous mini-corrections in the stock market since the bottom of the Great Recession in March 2009.  This is hopefully another mini-correction that was overdue and will bring momentum driven stock prices back to their true valuation. 

So, what caused the stock market to tumble?  There are a multitude of factors that have brewed from concern to fear, consummating the market correction we witnessed this week. 

One major concern is rising interest rates.  The Fed has been slowing and consistently raising interest rates since 2015[iii].  During the Great Recession, the Fed was holding the economy together with all-time low interest rates.  Now that the economy is stronger, the Fed is raising interest rates to heed off rampant inflation.  The fact that the Fed feels the economy can withstand higher interest rates is a positive indicator that the economy is on track. 

Rising interest rates create a ripple effect. Corporations have benefited from 10 years of ultra-low borrowing rates to fund business operations and growth.  Those days are no-more and the cost of future borrowing will certainly come at a higher cost.  Further, during the recession, banks and bonds were offering customers less than 1% in return, so investors were driven to the stock market for better earnings.  Now that the 10-Year Treasury is yielding 3.21%[iv], some investors are cashing out their stock investments for a very dependable investment backed by the full faith and credit of the US Government.  This drives stock prices down and, in theory, hurts a company’s ability to raise more capital through equity markets cheaply. 

Another stock market concern weighing on investors all year has been the possibility of the US in a trade war.  On September 30th, the US signed a new trade agreement with Canada and Mexico that replaced the prior North American Free Trade Agreement (NAFTA).  The new United States-Mexico-Canada Agreement (USMCA) brought about some relief to investors.  However, the US and China have imposed tariffs and retaliatory tariffs on each other throughout the year, giving investors concerns that the tit-for-tat behavior is nowhere close to resolving soon.  The rising cost of inputs for US corporations on imported goods paired with higher labor costs, could potentially cut into profit margins and investor returns.  This hesitation was evident as stock prices swung up and down weekly, despite strong quarterly earnings reports by corporations. 

These conditions created unbearable tension that was finally released through a mini-correction in the stock market this week. 

So, what’s an investor to do?  The recent stock market volatility can be battled with a well-balanced and highly diversified portfolio.  When the stock market declines rapidly, many investors sell their equity investments and reposition into more secure investments like bonds or fixed income.  Investors who have been disciplined in asset class investing and held their fixed income allocation during the booming 2017 and volatile 2018 market benefit from this shift.  That’s because asset class investors already hold fixed income in their portfolio, so while market movers are jumping in and driving the price of fixed income higher, those who already hold the position benefit from the gains. 

Further, those who have employed a diversification strategy don’t have all their eggs in one basket.  This week, we saw the technology sector take a sharp decline.  Tech stocks have been the darling of the market this year, setting new market highs daily.  Apple made headlines for reaching $1 trillion in market capitalization in August of this year.  However, on Wednesday, it was one of the most actively traded stocks of the day, losing 4.63%[v] in value.  Likewise, Twitter lost 8.47% and Netflix lost 8.3%[vi] in value.  Investors who employ a diversification strategy have been locking in gains in the tech sector systematically throughout the year and repositioning those gains into sectors of the market that were underheld and undervalued.  With broad diversification, when one sector of the market declines, the impact on the overall portfolio is nominal. 

Some news outlets or market pundits will make bold, attention-grabbing headlines announcing the end of a long-run bull market or the start of a new recession.  However, their goal to draw viewership or get more clicks online can be irresponsible and self-serving.  More responsible commentators will state the obvious – No one can tell the future. 

Market corrections are normal and healthy for the overall economy as these “brake checks” prevent market bubbles from developing.  Economists have reiterated that the US market is fundamentally strong.  This September, unemployment moved to a 49-year low[vii].  Wage growth is starting to pick up, with the median base pay for workers in the United States climbing 1.6% in June[viii].  Corporate profits are high and consumer spending has been strong.  Despite increased market volatility, economists feel that good long-term returns are possible over the next couple of years. 

These moments present an interesting opportunity for investors to re-examine their portfolios and overall investment philosophy.  For ambitious investors, it might present a buying opportunity.  If you feel your investments need a review, reach out to a Certified Financial Planner™ or a trusted investment advisor for a second opinion.  They’ll be happy to ensure you’re on the right track for the market to come. 

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Kondo Wealth Advisors, Inc.  employees providing such comments, and should not be regarded as a description of advisory services provided by Kondo Wealth Advisors, Inc.  or performance returns of any Kondo Wealth Advisors, Inc.  Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Kondo Wealth Advisors, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.



[i] https://www.cnn.com/2018/10/10/investing/stock-market-today-techs-falling/index.html

[ii] https://www.cnn.com/2018/10/10/investing/stock-market-today-techs-falling/index.html

[iii] https://www.cnn.com/2018/10/10/investing/why-stock-market-down/index.html

[iv] https://ycharts.com/indicators/10_year_treasury_rate

[v] https://finance.yahoo.com/quote/AAPL/history?p=AAPL

[vi] https://finance.yahoo.com/most-active/

[vii] https://www.cnn.com/2018/10/10/investing/why-stock-market-down/index.html

[viii] https://www.usatoday.com/story/money/economy/2018/07/05/us-wage-growth-in-june-was-2018s-strongest-so-far/36579285/

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EDUCATIONAL WORKSHOPS

2019 SCHEDULE 

YOUR 2019 INVESTMENT STRATEGY

Saturday, March 16, 2019

9:00 a.m. - 11:00 a.m.

South Pasadena Public Library Community Room**

1115 El Centro St.

South Pasadena, CA  91030

**This activity is not sponsored by the City of South Pasadena or the South Pasadena Public Library

 

YOUR 2019 INVESTMENT STRATEGY

Saturday, March 23, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*not sponsored by the City of Gardena

 

HELP YOUR CHILDREN WITH FINANCES

Saturday, May 4, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*Not sponsored by the City of Gardena

 

HELP YOUR CHILDREN WITH FINANCES

Saturday, May 11, 2019

9:00 a.m. - 11:00 a.m.

South Pasadena Public Library Community Room**

1115 El Centro St.,

South Pasadena, CA  91030

**This activity is not sponsored by the City of South Pasadena or the South Pasadena Public Library

 

YOUR RETIREMENT CHECKLIST AND LTC/LI HYBRIDS

Saturday, July 13, 2019

9:00 a.m. - 11:00 a.m.

Kondo Wealth Advisors Pasadena Office (tentative)

300 N. Lake Ave. Suite 920

Pasadena, CA  91101

 

YOUR RETIREMENT CHECKLIST AND LTC/LI HYBRIDS

Saturday, July 20, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*not sponsored by the City of Gardena

 

INVESTING AFTER AGE 70.5 AND RMDs

Saturday, September 7, 2019

9:00 a.m. - 11:00 a.m.

South Pasadena Public Library Community Room**

1115 El Centro St.

South Pasadena, CA  91030

**This activity is not sponsored by the City of South Pasadena or the South Pasadena Public Library

 

INVESTING AFTER AGE 70.5 AND RMDs

Saturday, September 14, 2019

9:00 a.m. - 11:00 a.m.

Ken Nakaoka Center*

1670 W. 162nd St.,

Gardena, CA  90247

*not sponsored by the City of Gardena

 

 

Contact Us

300 North Lake Avenue, Suite 920
Pasadena, California 91101
Phone: (626) 449-7783
Fax: (626) 449-7785
Email: info@kondowealthadvisors.com

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