Client Newsletter February 2021
First Some Announcements:
Tax reports will be generated over the coming weeks. If you have online access you can login to the TradePMR portal and they will be under Documents starting February 15th. Please let us know if we can be of help getting your reports to you or your tax professional.
Every week we send an email highlighting a few blog posts. If you would like to receive these emails, please reply and we can add you to the list. We use the blog to generate conversation ideas. Because we can only help as far as you are willing to let us. If something in your life changes, please let us know!
Recent Blog Posts include: Teaching Children Financial Literacy, Hindsight Is 2020: 7 Ways We Should All Vow to Treat Our Money Differently in 2021, What Makes a Great Leader? 10 Powerful Women Weigh In, and more. To read visit: AscendInvestment.com/GarrettsGarage
Plan. Keep. Grow.
If you visit the front page of our website those are the three largest words and right above them are the phrases:
Plan for your future.
Keep more for your family.
Grow for generations.
Nobody knows the future and there will always be surprises around the corner. We use these phrases in this order as the backbone of all our processes, plans, and investments. Let’s dive a little deeper in just one of these areas.
Remember how long it took to save those first few dollars? It seemed like you would never get there, maybe you still feel that way. The first chunk of savings is always the hardest and the slowest. For that reason, the first step is to keep those savings. We accomplish this by focusing on a few key factors.
- Minimizing Taxes
- Maximizing Tax Savings
- Prudent Investing
- Proper Estate Planning
- Sufficient, but not excessive, Insurance
Setting the proper foundation is critical as to not go backwards before going forwards. Too much risk too soon can stagnate a portfolio and savings. But not taking enough risk early on can lead to stunted growth.
Regularly updating each of these pieces is very important. That is why planning never stops. Everyday we are different people and situations are always changing. Human nature fights each one of us with every step. When times are good it is easy to get loose and take an unnecessary amount of risk. When times are bad its instinctive to cut and run. By finding the right balance you can live your life the way you want to live regardless of external events.
Thank you for being a great client and we appreciate you and your business.
Garrett G. Smith
Ascend Investment Partners
Paul M. Norman, CFP®
Senior Financial Advisor
Ascend Investment Partners
214 South Main Street
Logan, UT 84321
175 Historic 25th Street
Ogden, UT 84401
Ascend Investment Partners is not a legal or tax advisor. You should consult with your attorney, accountant and/or estate planner before taking any action.
Ascend Investment Partners did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author(s) and are not necessarily those of Ascend Investment Partners or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.