Month: September 2021

By Debra Verni

It is that time of year when parents pack up their college bound child and drop them off at college.  When making a “to do” list of what our children need to be prepared for college the last thing on a parent’s mind is estate planning or advance directives.  

Have you thought about the fact that now that your child is 18, you can no longer make decisions for them, as they are an “adult” in the eyes of the law?

Although we all know, “adulting” is overrated, just the same, your child is an adult and you can no longer make financial or health care decisions for them.  

Why is this important to know?  When my son went away to college, I made sure he executed a health care proxy that appointed me as his agent.  I gave a copy of his health care proxy to student health services and after a few trips to the ER at the local hospital; they had it on file as well.  Without a health care proxy on file, health care providers did not have anyone to contact if my son could not make medical decisions for himself. The health care proxy gave me the ability to make health care decisions for him if he could not make decisions for himself.

By Jodi Tamburrino, RD, CDN

Whether you’re returning to the office or working from home, the change in seasons is the perfect opportunity to reset after a busy summer and prepare for a healthier fall.

Stay hydrated.

Although you may be tempted to indulge in extra caffeine as you readjust to a new schedule, what you should be drinking is water—and lots of it. Water eliminates excess calories by filling you up so you do not snack unnecessarily between meals. Adequate hydration also prevents constipation, flushes toxins from the body, promotes kidney function, and lubricates muscles and joints. 

When it comes to daily intake, Mayo Clinic recommends 15.5 cups (124 ounces) of water for men and 11.5 cups (92 ounces) of water for women. If you struggle with hydrating throughout your day, here are some things you might want to try:

By Stephen Kyne, CFP

With market indices at, or near, all-time highs, it’s natural for some to wonder if they can go any higher? Never mind the fact that every all-time high has necessarily been prefaced by every other all-time high, loss-aversion makes many investors wary of a cliff. This is when you may start hearing the word “correction” tossed around. 

So, what is a correction? 

The standard definition of a market correction is a 10 percent pullback in the value of an asset, like a stock, or of an index, like the S&P 500. These pullbacks can happen slowly over a period of time, or as quickly as in a single day. Corrections can vary in length, as well, from just a few days to a several months. 

Market corrections are notoriously difficult to predict, however they generally happen when the price of assets far exceed their fair value, and markets become overly inflated. How inflated an asset must become is the great unknown.

Understandably, a 10 percent drop in the price of assets sounds like something that should be devastating. In the short-term it can be, but in the long-term corrections can be a boon to the market. Since market corrects tend to be overly broad, can they provide opportunities for investors to rebalance their portfolios and reallocate from areas that are truly overvalued, to those which may be undervalued.