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The perfectly bored investor...

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Eric SchwartzIn our article, "Find investing boring? Good," we talked about how, for most of us, taking a more lackluster, long-term approach to investing is a better way to grow wealth over time. In today's blog, we share some common traits of investors who are in it for the long haul.

The perfectly bored investor...

  • Doesn’t panic over market swings but instead, embraces the unpredictability of the market. The market changes, sometimes dramatically. It just does.
  • Ignores the hype to avoid making emotionally charged financial decisions. It’s a surefire way to make a big financial misstep.
  • Almost unknowingly takes advantage of buying opportunities a down market presents by letting automatic contributions churn away in the background.
  • Commits to a long-term investment strategy and is too busy living to consider stopping contributions or pulling money out in a down market.
  • Maintains a well-diversified portfolio to help mitigate risk.
  • Checks in periodically and makes adjustments when life circumstances, goals, plans, or risk tolerance change.

Feel free to contact us with your questions or concerns at 1-800-279-4030 or retirement@weabenefits.com.

Eric Schwartz, Financial Planning Specialist

This article is for informational purposes only and is not intended to constitute legal, financial, or tax advice. Certain recommendations or guidelines may not be appropriate for everyone. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action.

Keep in mind that mutual fund investments are not guaranteed and may gain or lose value. Past performance is no guarantee for future results. Future performance may be lower or higher than past performance.

Questions to ask and value-added items to consider when purchasing insurance

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Tim GanoungIn our article, "Be a better insurance consumer," we discussed ways you can evaluate whether you are actually getting a good deal on your home and auto insurance by looking beyond price and having a better understanding of your insurance needs. Below we have other value considerations and specific questions to ask yourself that can help when making a decision on insurance.

Questions to ask

  • For every dollar you are saving, what are you losing?
  • Are you comparing apples to apples when you shop for insurance?
  • Is added exposure to financial loss worth the money you are saving?
  • Do your expectations for coverage match what is in your policy?

Value considerations

Other value-added items of importance to consider when purchasing insurance include:

  • How familiar are you with the company you are doing business with?
  • Does the company have your best interests at heart?
  • Do they respond in a timely fashion to your needs and requests?
  • What is the company’s claim satisfaction rating?
  • Are you comfortable asking their representatives questions?
  • Do they take the time to help you understand your policy?

To learn more, read the full article. You can also call us at 1-800-279-4010 for help or schedule a personal consultation at weabenefits.com/consults.

Tim Ganoung, Personal Insurance Consultant

This blog is for informational purposes only and is not intended to constitute legal, financial, or tax advice. Certain recommendations or guidelines may not be appropriate for everyone. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action. Property and casualty insurance programs are underwritten by WEA Property & Casualty Insurance Company. The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details. Certain policy exclusions and limitations may apply.

2015 Financial Mentor Award winners

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Brenda EcheverriaCongratulations to the winners of the 2015 Financial Mentor Award! Member Benefits' Financial Mentor Awards recognize individuals who have given their time and talents to mentor others on the benefits of good financial planning and saving for retirement. This year’s winners were described as:

  • “a champion mentor to staff about the importance of being a regular saver,”
  • a person who “does a phenomenal job sharing information with others,”
  •  “a big promoter to young teachers to start their 403(b) accounts,”
  • “someone who goes out of his way to help teachers understand how putting money in a 403(b) now will benefit them later.”
Daryl Benisch
Columbus
Chuck Catt
Augusta
Nicole Gould
Algoma
Deb Huppert
Prescott
Dick Lind
Mosinee
Beth Lind
Wausau
Douglas Olsen
Kickapoo
Carla Sieg
Osseo Fairchild
Randall Stutzman
Augusta
Jeff Wagner
Milwaukee
   

What a difference these well-deserving winners make in other people’s lives! Each winner was recognized in your$ magazine and will receive a personal certificate of recognition.

Don’t see your mentor on the list? 2016 Mentor nominations are now open at weabenefits.com/mentor.

Brenda Echeverria, Financial Planner