Wealth Impact

Wealth Impact

Wealth Impact

Like you, we know that success is measured not just through a financial lens, but also in one’s personal happiness. How do you define happiness? Is it the money you make or the joy it can create, whether for you, your family, your business, or community? For most people, it’s the sum of all of these. It’s realizing your purpose and values and “living” them. We can help you do that.

The opportunity to share one’s wealth is often described as the most meaningful of moments in life. We have experience in helping to make your wealth work for you and the world around you. Trust us to thoroughly assess organizations, causes and institutions that interest you, and assure that your charitable gifting is facilitated professionally, accurately and to the advantage of all concerned.

We believe in community and giving back, knowing that this is just one way to make the world a better place for all of us.

Visit our 'Lenox Gives Back' page to see the non-profits we have supported over the years.

 

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review or a quick 15-minute conversation to see how we can help.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

7 No-Excuse Budgeting Tips

7 No-Excuse Budgeting Tips

7 No-Excuse Budgeting Tips

Take charge of your money once and for all.

 

Budgeting is never easy.  However, it is absolutely necessary in order to take charge of your finances.  If you’ve been putting off budgeting, stop the excuses and start now.  You deserve the financial security, comfort and peace of mind that come with being in control of your money. Here are 7 real-world tips.

 

1.     Put it on paper.

Write down ALL of your monthly “musts” (these are your needs –– rent, mortgage, utilities, auto expenses, insurance, fees, savings, etc.)  Then, write down your list of “maybes” (these are your wants –- new clothes, dinners out, travel, decorating, etc.)  Religiously set aside money for your musts.  Any monies left over can go toward your maybes, BUT only after all musts are covered.

 

2.    Find a budgeting system that works for you.

Some people will keep an online or printed list of their “musts” and “maybes”.  Others will go so far as to hang their lists on their kitchen or home office wall.  We know of one person who color codes her stack of bills each month with post-it notes, saving pink post-it’s (her favorite color) for her stack of maybes.  Use whatever system you want –– if it works for you, it works!

 

3.    Focus on happiness (be a glass half-full, not half-empty, kind of person)

Everyone lets the tough parts of life get to them, but the harder you work to maintain a positive attitude about whatever crosses your path, the less likely you’ll be to sabotage your budgeting by using “retail therapy” to get over the blues.

 

4.    Make a plan for the future. 

At Lenox, we have our clients do a quick exercise called “Future Focus”.  We ask you to look ahead and write down how you want your life to be in three years.  Then, we help you set a plan and work backward to get to where you want to be.  The trick here is set the plan.  Without a plan, you never have a map for your future, the motivation to build your skills and career in the right direction, or the subconscious reminders that encourage savings and discourage unnecessary spending.

 

5.    Change your mindset as to where you find fulfillment.

It can be a pivotal moment in life when you realize that buying and owning a lot of stuff doesn’t always feel as fulfilling as you had hoped.  Yes, it can be fun in the short-term to shop, buy and accumulate, but if in the long-term it derails your budget and puts you in serious debt, the initial rush of happiness will fade to lingering guilt and angst.  Look for other ways to find fulfillment.  Think fitness, volunteering, conquering a new hobby, improving your cooking skills, building something from scratch, starting your own business, you name it.

 

6.    Unsubscribe from retailer emails.

The sales and deals are amazing, right?  If you don’t buy it now, you’ll never get it again at that price.  Plus, you get free shipping and free returns, so why not order it.  Before you submit your order, STOP!  Retailers do an excellent job of enticing us to buy things we don’t need.  Don’t let them undo your budget.  You’re smarter and stronger than that. Put items in online “shopping carts” but wait 24 hours before you make a purchase.  You may forget you even had things in your cart (proof they weren’t all that important).  Try NOT purchasing anything after dinnertime.  A glass or two of wine and your common sense and self-control dissipate.  Or just flat out unsubscribe –- no temptation, no damage done.

 

7.    Learn to say “no”.

You don’t need to just work and not do anything else, but be selective in how you spend your discretionary monies.  If your budget won’t support traveling to the remote island for the bachelor party, say thanks but “no”.  If your friend constantly gives you pricey gifts and you can’t reciprocate without bashing your budget, suggest the two of you have a nice dinner instead.  If your best buddies are constantly going on weekend getaways, pick one or two trips you can afford, but don’t get pressured into spending money you don’t have just to fit in.  Real friends will understand.

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from budgeting and savings, to career planning and coaching, to paying off debt, funds for education, wealth creation, wealth building and wealth management.  Looking at the big picture is one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Have you heard of Cog's Ladder?

Have you heard of Cog's Ladder?

Have you heard of Cog’s Ladder?

This tool for team development has been used in business for almost 50 years!

 

Every company struggles with team development at one time or another.  Perhaps that explains why there are hundreds upon hundreds of books and courses written on the topic.  Working your way through the maze of processes, models, systems and approaches offered can be as challenging as their facilitation. 

Some companies devote an entire department to team development.  If you’re a small business, you may not have that luxury, so let us introduce you to a team development model that we’ve used successfully at Lenox with many of our growth-oriented business clients.  It’s called Cog’s Ladder.  First developed by a Procter and Gamble manager, George Charrier, in 1972, this model simplifies team development to a five-phase process based on his observation of how groups interacted, from their initial meeting to becoming an aligned and high-performing team.

 

Here is a quick snapshot of the 5 Phases of Team Development according to Cog’s Ladder.  For more details, give us a call at 513.618.7080.

 

Phase #1:  The Polite Phase

Think of this phase as walking into a party and not knowing anyone.  You’re scoping out things, not yet sharing much about yourself while, at the same time, trying to figure out the people around you and where you fit into the group.  The focus at this stage is on people as individuals.

 

Phase #2:  The “Why are we here?” Phase

You’ve met the people in the room, now it’s time to learn why you’ve been called together.  The “host” (moderator) gives you the lay of the land, conveys your team’s purpose, and delegates responsibilities.  As things become clearer, communication increases and conversation is easier, more open and more natural.  The focus at this stage is on the formation of the team.

 

Phase #3:  The Power Phase

The team is beginning to form its own natural hierarchy as the variety of personalities blend and find their comfort zone.  Get ready for the “alpha” personalities –- the most confident and competitive individuals –- to come to the fore.  These more vocal team members will speak up as to how they see things should be done, while more reserved individuals will decide with whom they agree.  The focus at this stage is on the moderator letting this natural shake-out of the team to occur.

 

Phase #4:  The Cooperation Phase

With team members knowing their role, the group can start to work toward its purpose.  Ideally, everyone is contributing and feeling fulfilled in their respective role.  As progress is made, momentum and camaraderie build.  The focus at this stage is on continuing to nurture all team members and the importance of what each of them brings to the table for the team’s shared success.

 

Phase #5:  The Esprit de Corps Phase

By now the team is working smoothly with productivity and efficiency at a peak.  Team members are content and appreciated; their skills and energy applied toward the team’s purpose.  The focus at this stage is to keep this high point of performance going as long as possible in order to attain all goals.

 

 

 

At Lenox, we work closely with business owners, executives and leaders to help guide coach you through the challenges of business from a financial and business growth perspective. You can trust that we’ve experienced many of your same concerns and, as such, are happy to share what we’ve learned as to what works and what doesn’t. It’s one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Event Recap - A Discussion with Jim Stengel

Event Recap - A Discussion with Jim Stengel

Event Recap - A Discussion with Jim Stengel

 

Jim Stengel, author of “Unleashing the Innovators: How Mature Companies Find New Life with Startups”, spoke to a group of over 70 people at Lenox Wealth’s event on Wednesday evening.

After giving a brief history of his experience as CMO at Procter and Gamble and launching his business 10 years ago, Jim talked about the work he is pursuing now. Believing what you read is first and foremost, the audience piped in about what they were reading today. He commented on the different books and their relevance in today’s world.

His revealed his latest read, a book called “Scale” based on the statement that the only way to grow your company is to reduce it’s reliance on you.

His other? Hero of the Empire about Winston Churchill, a fascinating read.

Jim asked what the odds of a company being in business 200 years ….1 in a billion! Procter and Gamble is 180 years old. The takeaway is that many older companies can get caught up in what they are and are too slow to react.

Startups take risk, trying new things and bringing new life to some of our oldest companies by disrupting them. This leads to a stronger and more viable company.

At one point, Jim discussed a one-month job swap that was done between Google and Procter and Gamble employees. The learning was incredible- both Google and Procter and Gamble benefited greatly from the exercise, rethinking how they looked at their day-to-day businesses, their culture, how people work together, etc.

In his book, he takes us inside some of the great corporations to see what they are learning from their alliances with the startups.

Bottom line, there is always learning in everything we do and experience.

  • Keep an open mind, your way may or may not be the best way.
  • Find a career that matches your special gift.
  • Find your sweet spot and passion.
  • Love what you do.
  • Failure is not a sin.
  • When a company gets more from you than you get from them, it is time to move on.
  • If you leave a big company and it doesn't work out, you can always go back.
  • Take more risks.
  • Enjoy life!

 

At Lenox, we work closely with people of all ages to help guide you in every aspect of your financial life –– from budgeting and savings, to career planning and coaching, to paying off debt, funds for education, wealth creation, wealth building and wealth management.  Looking at the big picture is one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, business, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

LENOX Book of the Month: Your Best Year Ever by Michael Hyatt

How do you make this year Your Best Year Ever? And, where do you even start? Many times the day to day gets in the way. Michael Hyatt has developed a powerful, proven, research-driven system for setting and achieving goals.

He helps us get past old beliefs that hold us back and encourages us to move forward with achievable goals. Take a look to see where this can take you. Make 2018 your best year ever!

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LENOX Non-profit of the Month: HONOR FLIGHT Tri-State

LENOX Non-Profit of the Month: HONOR FLIGHT Tri-State

What is HONOR FLIGHT

 

HONOR FLIGHT Tri- State is a Cincinnati based non-profit organization created to honor America’s Veterans for all their sacrifices.  They fly our heroes to Washington D.C. to visit and reflect on their memorial -- absolutely FREE. Top priority is given to senior veterans – World War ll, Korean, Vietnam veterans. They are now accepting applications from anyone 65 and older, who served stateside or overseas.

When the National World War ll memorial opened in 2004, Earl Morse, (retired Air Force Captain and Physician’s assistant working for the VA) noticed that patients who had served in WW ll were excited about the Memorial and loved talking about it. Mr. Morse realized, however, that age, finances and poor health, prevented them from making the trip to Washington to see their memorial alone. He came up with an idea – he would take them!

The first HONOR FLIGHT flew in May 2005 with six small private planes from Mr. Morse’s flying Club with 12 World War ll Veterans, on board from Springfield, OH.  In 2006, with the waiting list of veterans expanding rapidly, they transitioned to commercial airline carriers to accommodate the maximum number of Veterans as quickly as possible. To date, the Honor Flight Network has flown over 200,000 vets nationwide from over 144 HUBS in the USA.

Based on recent statistics, the U.S. is losing World War ll Veterans at a rate of 800 per day. HONOR FLIGHT will continue to do whatever it takes to fulfill the dreams of our Veterans, and very importantly, all of our hero’s travel at no cost to them. This is why they have stepped up their fund-raising efforts to accomplish their mission, while the Veterans are still able to travel.

“It is our distinct pleasure and singular honor to be with these Veterans, on their special day and to see the respect they all have for each other and our country,” said one of their guardians.  “It is a day that will change your life”, their director, Cheryl Popp commented. Every vet is accompanied by a guardian / escort.  All guardians travel at their own expense and many guardians have been on several trips. The fee for 2018 is $500 per guardian.

HONOR FLIGHT Tri- State is affiliated with the HONOR FLIGHT NETWORK and is serving the Veterans in the Greater Cincinnati, Northern Kentucky and southeastern Indiana. We are now taking applications online for all flights.

Honor Flight Tri- State flew 380 Veterans in 2017

The projection for 2018 is over 400!

Help us make a difference in a Veteran’s life… with a trip of a lifetime!

www.honorflighttristate.org                                   Hotline number -513-277-9626

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Save Money by Shopping Strategically

Save Money by Shopping Strategically

Save Money by Shopping Strategically

 

Patience is not only a virtue; it can save you a lot of money when it comes to shopping.  Smart shoppers know that waiting pays off, especially when making major purchases.  That’s because many items are deeply discounted at certain times of the year.  Plan accordingly and the savings are yours to enjoy.

Here’s our list of traditional times to get the best deals, but be sure to check for specials year-round. And, download one or more of today’s many shopping apps so that you can price compare in real-time.

 

Our 12-Month “Best Time to Buy” Guide

 

January          Bedding and Linens (“White Sale” events)

                        Winter Clothing

                        Winter Sports Gear

                        Exercise Equipment –- Treadmills, Elliptical Trainers

                        Furniture

                        Carpeting

                        TVs

                        Video Games

                        Motorcycles

                        Broadway Tickets

                       

February         Cell Phones

                        TVs and Home Theaters

                        Mattresses

                        Humidifiers

                        Winter Coats

                        Winter Sports Gear

                        Broadway Tickets

 

March             Digital Cameras

                        Exercise Equipment (Treadmills, Elliptical Trainers)

                        Boxed Chocolates

                        Golf Clubs

                        Luggage

                        Frozen Foods

 

April                Carpet

                        Desktop and Laptop Computers

                        Digital Cameras

                        Sneakers

                        Cruises

 

May                 Refrigerators

                        Mattresses

                        Office Furniture

                        Baby Gear (Strollers, High Chairs, etc.)

                        Interior and Exterior Paints

                        Wood Stains

                        Desktop and Laptop Computers

 

June                Dishware

                        Exercise Equipment (Treadmills, Elliptical Trainers)

                        Gym Memberships

                        Tools (Workshop, Yard)

                        Indoor Furniture

                        Summer Sports Gear

                        Camcorders

                       

July                 Furniture

                        Home Decor

                        Tools (Workshop, Yard)

                        Video Games

                        Summer Clothing

                        Decking

                        Camcorders

                        Interior and Exterior Paints

                        Wood Stains

 

 

August            Kids’ Clothing

                        Back-to-School Supplies (Backpacks, gear, etc.)

                        Bedding and Linens (“White Sale” events)

                        Storage

                        Snow Blowers

                        Outdoor Furniture

                        Air Conditioners

                        Dehumidifiers

                        Office Furniture

                        Office Supplies

                        Swimsuits

 

September     Appliances

                        Bicycles

                        Automobiles

                        Lawnmowers and Tractors

                        Snow Blowers

                        Office Supplies

                        Printers

                        Wine

                        Desktop and Laptop Computers

                        Interior and Exterior Paint

                        Digital Cameras

                        Broadway Tickets

                        Holiday Airfare

 

October          Appliances

                        Jeans

                        Patio Furniture

                        Lawnmowers and Tractors

                        Gas Grills

                        Desktop Computers

                        Digital Cameras

                        Broadway Tickets

 

November      Appliances

                       Gas Grills

                       Camcorders

                       TVs and Electronics

                       Tools (Workshop, Yard)

                       Candy

                       GPS Equipment

 

December      Golf Clubs

                       Pools and Pool Equipment

                       Major Appliances

                       Kitchen Cookware

                       TVs

                       Blu-Ray Players and other Electronics

                       Headphones

                       E-book Readers

                       GPS Equipment

                       Tools (Workshop, Yard)

                       Camcorders

                       Champagne

 

 

At Lenox, we help guide you to smart money moves every month and across every part of life.  We align life planning, career planning and personal financial planning to help you attain what matters most to you. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

How Small Businesses Can Destress Tax Planning and Reporting

How Small Businesses Can Destress Tax Planning and Reporting

How Small Businesses Can Destress Tax Planning and Reporting

Our 7-Point Guide Will Save You Time, Money (and Headaches)

 

We invite you to follow our tips for how small business owners and entrepreneurs can de-stress the burden of tax reporting and have more time to run their business.

 

Tip #1:  Understand what’s deductible and not as a business expense.

The things you spend money on to run your business day-to-day, such as office supplies, postage, printing, stationery and business cards, business publications, software, computers and other technology, ongoing education, auto expenses (for business-related travel), etc. are considered “ordinary” and “necessary” expenses and as such are tax deductible.  Also considered deductible expenses are the fees of attorneys, accountants, marketing agencies, graphic designers, website programmers, and other outside support.  For a full listing, check with your financial advisor or accountant.

 

Tip #2:  Keep track of business expenses on a regular (weekly) basis.

It’s easy to be so busy with work that you forget to log all of your business expenses.  However, don’t make the mistake of thinking you’ll remember them at the end of the quarter.  If you do nothing more than stash receipts in a designated drawer or binder with each purchase made, or organize them at the end of each week, you will be far more able to take full and accurate advantage of all deductions you have coming.  Remember, every deduction saves you money.

 

Tip #3:  Be aware of limitations regarding certain tax deductions.

Think twice before you host a pricey dinner for a roomful of prospects, or buy expensive gifts for clients.   Yes, these expenses are tax deductible but not at 100%.  Business entertainment is only 50% deductible, and business gifts are limited to $25/per person per year.  You’ll also want to look at the various methods for taking automobile expense deductions and determine which is best for you.

WATCH-OUT:  Money you spend to open your business –– any expenses incurred before your first sale –– are considered “start-up” costs and are subject to specific tax deduction laws.  Before spending money, thinking these costs are fully tax deductible, discuss them with your financial advisor or accountant.

 

Tip #4:  Understand from a tax perspective what it means to be a small business owner.

As a small business owner, you are both the employee and the employer.  That means you pay federal, state and city tax as well as social security and Medicare from “both sides of the desk”, so to speak.  This is why it’s so critical that you take all measures allowed to reduce your tax burden.  Also essential is that you take all deductions permitted for your type of business structure –– limited liability corporation, S-Corporation, partnership, etc. 

 

Tip #5:  Set up a retirement plan and make regular contributions.

Here again, as your own boss you are responsible for your own retirement plan. Talk to your financial advisor and/or accountant to set up a 401K plan.  Ask what your total contribution limit is per year at your age and do your best to maximize your contributions, remembering that you won’t be taxed on retirement plan savings until you withdraw those monies.

 

Tip #6:  See if you qualify for a home office deduction.

While it’s fine to run your small business from home and to take the home office deduction, the square footage allowable for this tax deduction must be used strictly for business purposes.  Also, in most cases you are not allowed to deduct both a home office space and another office space elsewhere –– it’s typically one or the other.

 

Tip #7:  Plan ahead for your tax liability.

Small business owners can be caught off guard especially in the early years and not have adequate monies set aside for taxes due.  It’s time well spent to ask the help of an expert in planning for your tax liability to avoid bad surprises when the tax bill arrives.

 

Starting your own business can be a lifelong dream.  It also can be demanding in ways you never imagined.  At Lenox, we help guide entrepreneurs and small business owners through the many steps of business ownership.  We help align your business and career planning with your personal financial planning, helping you attain what matters most to you and your family. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

Facts presented have been obtained from sources believed to be reliable.  However, Lenox cannot guarantee the accuracy or completeness of such information.  Lenox does not provide tax or legal advice, and nothing contained herein should be taken as legal or accounting advice.  Individuals should seek such advice based on their own particular circumstances from a qualified tax or legal adviser.

 

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Your Adult Kids vs. Your Retirement

Your Adult Kids vs. Your Retirement

Your Adult Kids vs. Your Retirement

Is helping them financially jeopardizing your own future?

 

Most every parent is willing to help their adult kids financially in the event of an emergency, such as an injury or illness, the loss of a job or other crisis.  Many parents also are happy to help get their grown kids through a financial challenge, whether paying off student loan debt, credit card debt, or helping with the down payment on a first house.  This kind of parental support is temporary.  It falls under “this too shall pass”.

 

What can be troubling and financially devastating for parents is when providing their adult kids with financial support becomes long term and lasts for months or years.  This situation has increasingly become a reality for families as their college graduates and kids even older struggle to find employment and, in turn, have either moved back home or asked their parents for monthly assistance to make ends meet.  Only recently has the job market improved, hopefully helping to reverse this trend and alleviate the stress on both kids and parents. 

 

The Effect on Your Retirement

If you’re already in this predicament of helping your adult kids financially, how is it affecting your retirement plan?  Have you made the proper adjustments in terms of monies you will be able to set aside by retirement age, or will you be working longer than planned to recoup funds?  If not planning to work longer, have you adjusted your desired retirement lifestyle to reflect the lower-than-expected net worth?  Worse yet, are you already retired and withdrawing monies from your fixed retirement savings to help fund adult kids?

 

If you see yourself helping out your adult kids financially in the near future, how should you prepare for it?  What rules should you put in place for the amount of assistance you can afford and how the monies are to be used?  Should there be a pre-determined repayment plan and perhaps a signed contract?  If you have more than one child, will you be able to give each of them the same level of financial assistance, if needed?  What will be the impact on your retirement?  Are you willing to make the necessary adjustments in terms of retirement age, retirement dreams and lifestyle?

 

The Effect on Your Relationship

“It’s one thing to help our kids get over a hump, but I expect them to work and do whatever they can until they find a good job, and to cut back on what they spend in the meantime.  I don’t want to support their lifestyle, especially when it means dinners out, unnecessary clothing items, trips, entertainment...” 

 

That comment is not an unusual sentiment coming from parents.  It’s logical and understandable to not want to be taken advantage of, especially by your own kids.  Unfortunately, it’s the case in way too many instances, and it can cause resentment and family friction that may take years to erase. This is why it’s all the more important to have the conversation about expectations in advance and to set rules upfront before any financial assistance is provided, and then stick to them. 

 

As a parent, it’s tough love made even tougher because you’re dealing with another adult, no longer your young child.  It’s critical to take the emotion out of this parent/child financial relationship... yet easier said than done.

 

Tips for Handling the Situation

1.    Look at the ramifications on everyone concerned.

If handing out large amounts of money to grown kids jeopardizes your retirement plans or causes you to be dependent on your kids in later life, no one will be happy.  Play out the ramifications in an honest and open discussion as a family to put the various outcomes into perspective.  Envisioning future results of a current action can lead to better decisions in the present.

 

2.    Decide if the financial assistance will be a gift or a loan.

Experts will tell you that if you choose to consider your financial support a gift, then do not attach restrictions to it or use it as a means to manipulate your adult kids.  Instead, make it free and clear, no strings attached.  On the other hand, if you decide to make your financial support a loan to your child, then make it official and clearly documented to formalize the agreement.

 

3.    Get the advice and guidance of a financial advisor.

This is no time to go it alone or to leave to chance how financial assistance to adult kids will affect your retirement and your family’s future.  There are many things to consider and many questions to ask.  For instance, if the assistance is a loan, what happens if your child fails to repay?  Your advisor will help ensure the loan is documented as part of your estate, so that when the time comes to divvy up your assets, all siblings will be fairly and accurately represented.  Or, what if the child you’re helping continues to ask for more money beyond what was initially discussed?  Your financial advisor can help you set up an account that puts strict parameters around funds available which, in turn, helps to protect your retirement savings.

 

Bottom line, it can feel wonderful to help your adult kids financially but not at the expense of your retirement plan or your peace of mind in later years.  Think before you take action.  Lead with your head, not your heart.

 

 

At Lenox, we work closely with families to guide you through the twists and turns of life from both a financial and a day-to-day living perspective.  Things happen.  We understand.  We have families of our own.  You can trust us to align life planning, retirement planning and personal financial planning to help you attain what matters most to you and your family in the here and now and for the future. It’s one more way we help you FUND A LIFE YOU LOVE™.

 

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1 hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Smart Money Guide for Your 20s

Smart Money Guide for Your 20s

Best Money Moves - Every Generation

Our 12-Step Smart Money Guide for Your 20s

 

Ask anyone over the age of 50 what advice they would give their younger self about money, and most say “start saving earlier and keep on saving”.  That may be some of the best advice in all of the financial services industry, because little else can match the time value of money.  If you’re in or about to enter your 20s, we share the following guide to help you establish smart money habits that will serve you for a lifetime.

The Lenox 12-Step Smart Money Guide for Your 20s

  1. Look at a chart illustrating the time value of money (TVM).

    If a picture is worth a thousand words, this is the picture you don’t want to miss.  The time value of money is based on the idea that money in hand today is worth more than the same amount in the future due to its potential earning capacity. Provided money is saved and earns interest over time, any amount of money is worth more the sooner it is received (and stashed away).  See for yourself.  Go online to https://www.msn.com/en-us/money/tools/timevalueofmoney and see how saving even a small amount of money each month in your 20s will pay off royally for you in your 50s, 60s and beyond.  It’s extremely difficult to have your money work as hard for you later in life with such a small investment on your part.

  2. Learn the difference between wants and needs.

    You want a new wardrobe, but your car needs new tires. You want to go on that trip, but you need to pay your rent. Learning the difference between wants and needs can be one of the most painful yet powerful lessons in your 20s. It’s a sure step into adulthood when you realize you can’t have or do everything you’d like, at least not at the moment you’d like to do so.

  3. Create a budget.

    This is easier than you think, and it can be more comforting than constraining.  Make a list of your monthly “needs” –– rent/mortgage and other housing fees or expenses, food (grocery and eating out), auto expenses (payment, gas, maintenance), medical expenses (insurance, prescriptions, etc.), work expenses (parking, lunches), personal care (haircuts, hair salon treatments), savings, and anything else that is a repeated cost.  Based on your income, map out your budget so that your needs list is covered first and foremost.  If the numbers aren’t working out, adjust accordingly.  Next, make a list of your “wants” –– wardrobe updates, entertainment, health clubs, travel, furnishings, gifts, etc.  Getting to spend money on your wants will require you stay true to your needs budget, which can be a great motivator.

  4. Discipline yourself.

    You’re in charge of your future, so it’s on your shoulders not just to create a budget but to stick to it. It’s easy to justify spending money you shouldn’t.  Everyone does it.  But, if it causes you to run up credit card debt or to take out costly loans, the only one who suffers is you.  TIP:  If you feel you really must have something, put the item on hold for 24-48 hours before purchasing it, giving yourself time to think through the ramifications to your budget and future savings.  You may find that the piece of new furniture you were eyeing isn’t nearly as important as the peace of mind in knowing you can cover your condo fees for the next quarter.

  5. Build an emergency fund.

    Think of an emergency fund as your safety net.  If you lose your job tomorrow, or become ill or face some other situation that demands cash quickly, how long before you run out of money?   The answer to that question is daunting for most 20-somethings.  The goal is to save enough money for three to six months’ worth of living expenses.  If that means getting a part-time job in addition to your main job, it’s not a bad sacrifice to make for the short term.

  6. Get rid of costly credit card debt and student loan debt.

    It’s no secret that credit card debt is perhaps the costliest of all debts.  If all you’re doing each month is paying off the interest and never tackling the principal, you need to address this issue immediately.  Whether it means cutting other expenses, getting credit counseling, taking on a second job, or asking family for help, do what it takes to get out of what can be a financially crippling situation.  With your credit card debt under control, work to get rid of your student loan debt.  Again, do what it takes to speed up student loan repayment thereby reducing your overall loan cost.

  7. Get health insurance.

    Understandably, few people in their 20s feel the need to pay hundreds of dollars a month for health insurance premiums when they rarely if ever get sick.  However, should you get hurt or are hospitalized, you may be faced with bills that run in the thousands of dollars.  For this reason, it’s a smart money move to at least look into a policy that provides catastrophic health care coverage.

  8. Create a will.

    Even if you’re not married or don’t have children, having a will ensures that in the event of your death whatever you do have gets passed along to the person or persons of your choice.  It’s easy and affordable to create a simple will online.

  9. Organize your finances and important paperwork.

    Being in control in life always feels good and can be very comforting.  Having your financial documents, insurance policies, service contracts, rent and lease agreements, and other important paperwork organized and at hand can provide that same sense of calm.

  10. Improve your skill sets to improve your compensation.

    Do you feel that you’re ready to buy a house, get a better car or take that dream vacation, but your income doesn’t allow for these financial commitments?  It might be time to take steps to move up in your current career or move on to a new career.  It can be a healthy sign when your aspirations in life are bigger than your income.  What better time to improve your skill sets, research new careers, seek career counseling and otherwise improve your marketplace value.

  11. Tackle stress and boredom in financially healthy ways.

    Find smart money ways to spend your free time and to relieve stress and boredom.  Retail therapy can feel wonderful in the moment but terrible when the statement arrives.  Reservations at that gourmet restaurant sound impressive until the tab sets you back a car payment.  The ski trip with friends was a fun thing to do on an otherwise dull weekend but that was a month ago and seeing the tally on this month’s credit card bill isn’t fun at all.  While your 20s is typically a decade of cutting back or doing without at times, the trade-offs you make now will feel fabulous later on.  Make exercising your hobby, not shopping.  Find the best offbeat, low cost restaurants in town and enjoy the variety of cuisine.  Treat yourself to an afternoon at the local spa rather than a weekend on the ski slopes.

  12. Relax in knowing you’re ahead of the game.

    Your 20s can be such an exciting time –– your first step into adulthood, self-sufficiency, a career, and relationships and decisions that will shape your future.  That’s why it’s so important that you get this time of your life “right”, and that you start now while you have time on your side to shape good financial habits for a lifetime of financial comfort and security.  Any of the tips from this guide that you follow in your 20s will put you way ahead of the game.

 

At Lenox, we have a special affinity for helping young people get on and stay on track, guiding them through the smart money moves in their 20s that will serve them well for decades thereafter.  We align life planning, career planning and personal financial planning to help you attain what matters most to you. It’s one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow. Call us for a complimentary 1 hour review.  Call 513.618.7080 or visit www.lenoxwealth.com to Fund a Life You Love.

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

LENOX Spotlight: Jim Stengel

LENOX Spotlight: Jim Stengel

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Lenox Spotlight: Jim Stengel

Jim Stengel is President/CEO of The Jim Stengel Company.  A prolific writer, speaker and advisor, Jim is the author of Grow: How Ideals Power Growth and Profit at the World’s Greatest Companies, and Unleashing the Innovators: How Mature Companies Find New Life with Startups.  He is also author of an exclusive six-part online series with Fortune® on companies activating their ideals and outgrowing their competitors. 

Jim is widely known for leading innovation and for his commitment to building leading-edge marketing capabilities.  In 2011, he was named to the first-ever Fortune® Executive Dream Team, has been named multiple times by Advertising Age as the number one “Power Player” in marketing, and is a 2017 American Marketing Association Hall of Fame inductee.  In 2017, Jim was appointed Senior Fellow and Adjunct Professor within the Kellogg Markets & Customers Initiative.  Jim has served as Dean of the Young Marketers Academy at the Cannes Lions International Festival of Creativity since 2011.  In 2013, he pioneered the CMO Accelerator program at the Cannes Lions Festival, and continues to serve as Dean.  He is Chairman of the International Advisory Board for in/PACT, an interactive cause-marketing firm, and serves as an Advisor for Compound, a venture capital firm.  Jim is the former Global Marketing Officer of Procter & Gamble, one of the world’s most admired brand-building companies.  He is also a former member of the Board of Directors of AOL and Motorola.

Jim grew up in Lancaster, Pennsylvania. He holds a BA from Franklin & Marshall College, and an MBA from The Pennsylvania State University, Smeal School of Business.  Jim and his wife Kathleen have two children, and split their time between Cincinnati, Ohio and Coronado, California.


Upcoming Event:

A Discussion with Jim Stengel - Unleashing the Innovators

 

Join us for a vibrant and eye-opening discussion with Jim Stengel, author of “Unleashing the Innovators”

On Wednesday, April 11 from 5:00-6:30, Jim will discuss how mature companies find new life with startups –- the current and “aha" topic not to be missed. The event will take place at Via Vite (520 Vine St., Cincinnati, OH 45202) on Fountain Square in downtown Cincinnati.

Books will be available to be signed and purchased.

Doors will open at 4:30 PM for Check-In and Networking. If you have questions, please call us directly at (513) 618-7080. You can also RSVP by emailing info@lenoxwealth.com.

Are you facing changes in your life?

Are you facing changes in your life?

Are you facing changes in your life?

Could be the best thing that ever happened to you

Things are moving along just fine with your career and then one day, forces beyond your control begin to paint a future that looks very different than what you had anticipated.  Happens all the time in the corporate world –– companies merge, downsize or are purchased, or hefty competition changes the dynamics of the marketplace and the once predictable career path is no longer in view. Your comfort zone is replaced with changes yet to be determined.

Career uncertainty also happens to the most seasoned of entrepreneurs.  The best-laid plans and most solidly-financed ideas can fail quickly when a sharp downturn in the economy, supply chain issues, loss of talent, or any of dozens of other potential issues rear their head.

Change is never easy.  In fact, it’s one of the most difficult things we face as human beings.  But when it’s inevitable, you can either deny it and risk being the last to leave the sinking ship, or you can accept it and look at it as your reason to uncover opportunities you never would have explored otherwise.  Think of it as the kick in the pants that takes you out of your comfort zone to a much better place going forward.

According to one corporate manager whose career plan was suddenly turned upside down...

“I lived in comfort until one day a mentor pushed me.  I didn’t know he was my mentor at the time.  He was just my friend and he pushed me to dream bigger dreams. He pushed me to want more out of life. To go after the big fish. 

I have physical and psychological ease because I am reaching for the stars and I am going to do whatever it takes to get there!  My mentor pushed me and changed my thinking. That was motivation enough for me – and wow did my life change.” 

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From comfort zone to change –– 3 simple steps 

Whether unexpected change is already in front of you or lurking around the corner, here are three simple steps that will help you take charge of your future.

  1. Accept the change; don’t fight it or drown in self-pity. Negative energy is not only a waste of time, it’s an enormous drain on your energy.  Avoid commiserating with the naysayers or letting “crowd speak” drive you to a numbing sense of inertia.
  2. Take immediate steps to position yourself for a better tomorrow.  Get busy networking and exploring new opportunities.  Reconnect with past associates.  Look into courses or seminars that will enhance your skills. Make a list of ways to improve your marketability and tackle them with commitment.
  3. Be ready to make a decision when the right opportunity comes along. Indecisiveness is a decision to not make a decision.  This is typically fueled by the fear of failure.  Instead, stay positive.  Low self-esteem and succumbing to circumstances is why so many people make poor decisions. 

At Lenox, we assist our clients in all aspects of their financial life –– career planning through career changes, career coaching, life coaching and more –– not just in managing their portfolio.  Looking at the bigger picture is one more way we help you Fund A Life You Love™.

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow.

Call us for a complimentary 1 hour review.  Call 513.618.7080 or contact us here to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

An inspiring new way to look at aging

An inspiring new way to look at aging

An inspiring new way to look at aging

It could well be... “the best is yet to come”

There are plenty of viewpoints on getting older.  The only one that matters is yours. 

Articles and books cover in depth the subject of how our attitude affects our ability to age well, age gracefully, age happily, and age unlike anything expected of us. 

Just look around.  It’s obvious today’s boomers and those older are not “living” their 60s, 70s, 80s and 90s like generations before them.  Many are still working, if not full time at least part time.  Others are starting a second or third career.  A large number are volunteering and otherwise staying fully engaged with life both physically and mentally.  For almost everyone, retirement planning is no longer just about social security benefits or savings withdrawals.  Instead, retirement planning has become life-planning 2.0.

In her bestselling book, Disrupt Aging, author and CEO of AARP, Jo Ann Jenkins writes... “Our perceptions don’t match reality.  Most Americans see life after 50 as a period of decline.  But the convergence of longer life expectancy and technological advances has given many of us 30 years of bonus time for growth and exploration.”

Think about that!  While we may face some added challenges as we age, we also are likely to have more free time to do some of the things we never got around to doing when younger, rearing a family and building our careers.

So, how might we look at the potential of those extra years?  One way is to back out of them, from the far future back to the present.  Specifically, let’s say the average life expectancy in the USA is 100 years rather than 82 +/- years (many scientists will tell you this soon will be a reality).  You’re 70 years old now, so instead of an estimated 12 more years, you have 30 years!  How would you (should you) be living your life today to get the most out of those added years?

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Another way to look at a longer life span is by stages of life.  For whatever reasons, life often is divided into thirds –– education years, family/career years, and retirement years.   In today’s world, some believe that four stages may better represent how people are aging –– education years, family/early career years, “repurposing” years, and retirement.

Regardless of how you choose to look at your future, the question becomes... What are you doing now to prepare for the longer life you hopefully will get to enjoy?  How are you approaching your health, your finances, retirement planning, family life, social life, skill sets, “bucket list”, your purpose, and the legacy you desire to leave?

Getting older is a given.  How you feel about it is up to you... and how you feel about affects how you go about it. 

At Lenox, we work closely with our clients to help you think about and plan for all aspects of life.  We see the later years as an exciting time –– a bold and fresh start for many people –– and to that end we guide you through the steps at whatever your current age to get you ready for a robust rest of life.  It’s one more way we help you FUND A LIFE YOU LOVE™.

If you’re ready to discuss financial, career and life planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow.

Call us for a complimentary 1-hour review.  Call 513.618.7080 or contact us here to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

Lenox Book of the Month: When to Jump by Mike Lewis

Lenox Book of the Month: When to Jump by Mike Lewis

Would you like to pursue the career of your dreams?  Scary but possible! 

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This book offers stories from a variety of people who have done just that..Jumped! and had no regrets.

When is the right time to move from a comfortable career to a career you have only dared to dream of? Other people made such a jump. What did they experince  when making that jump―and afterward?

The is the right book at the right time, "When to Jump" offers forty plus inspiring  stories to teach and reassure you as you JUMP!

LENOX Non-Profit of the Month: Bake Me Home

LENOX Non-Profit of the Month: Bake Me Home


Cincinnati twin sisters Emma and Amy Bushman founded Bake Me Home in 2008 to encourage shared family experiences for those transitioning from homelessness into homes of their own. With the support of thousands of community volunteers, the girls have expanded in order to serve families using food pantries, transitional living and foster care services, pediatric cancer survivors, and our military.

Bake Me Home's Tote Bag Program has provided homemade cookie mix, baking supplies, and Kroger gift cards to nearly 5,000 Ohio families in crisis. Their Bake Me Back Home Program has shared more than 30,000 cookies with troops overseas and local veterans, including those participating in Honor Flights to Washington, DC. The girls founded their non-profit organization as 7-year-olds after years of requesting items for a local homeless shelter in lieu of birthday gifts. 

Amy and Emma welcome hundreds of volunteers per year into their Mt. Washington facility and believe that there is a job for every age and every ability level. Learn more about Bake Me Home, and how they are determined to make the world a better place, one cookie at a time!

Visit their website: www.bakemehome.org

Watch a one minute video about their programming: https://www.youtube.com/watch?time_continue=3&v=agYhzHev7NE

Follow them on social media: www.facebook.com/bakemehomewww.twitter.com/bakemehomewww.instagram.com/bakemehomegirls

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Where do you begin to plan for retirement?

Where do you begin to plan for retirement?

Where do you begin to plan for retirement?

Our 13-point “Retirement Checklist” is a great place to start

 

Retirement isn’t as easy as cleaning out your office, shutting the door and heading off to relax on a beach somewhere.  It takes planning.  Truth be told, retirement planning is as important if not more so than career planning, because you don’t want to waste a minute of your retirement years.  There’s little time for “do overs”, so it’s critical to think ahead, plan ahead and to be prepared as best you can to have the time of your life in retirement.

If you’re like most people, you’ve been putting money away for retirement, but there’s more to retirement planning than reaching a certain number in your 401k or other savings account.  What do you want to do with your free time and what is the associated cost?  Have you determined a retirement budget, and where will money come from for day-to-day expenses?  Do you plan to seek part-time employment?  How will such income be taxed?  Are you set with health insurance and Medicare supplemental coverage?  When should you start claiming social security?  The list of things to think about is long and important but, not to worry, very doable.

We offer the “Retirement Checklist” as a great starting point for your retirement planning –– one more way we help you Fund a Life You Love™. Click here or on the image to the right to download.

At Lenox, we assist our clients in all aspects of their financial life –- career years through retirement years –– not just in managing their portfolio.  Have a question?  Need some specific guidance or information?  Please let us know. It would be our pleasure to help you Fund A Life You Love™.

If you’re ready to discuss financial planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow.

Call us for a complimentary 1 hour review.  Call 513.618.7080 or contact us here to Fund a Life You Love.

 

Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

How long do you need to keep tax and business records?

How long do you need to keep tax and business records?

How long do you need to keep tax and business records?

Some tips to save yourself some headaches.

The boxes are piling up, filled with paperwork ­­from the last umpteen years –– tax returns, bank statements, canceled checks, bank deposit slips, investment statements, contracts and agreements, sales receipts for major purchases, insurance policies, real estate records, property tax statements, mortgage agreements, medical records, and on and on.    

Even if you’ve gone electronic, you likely still have hard copy files from the past that you would be delighted to get rid of once and for all.  BUT, do you dare?  What if you or someone else needs proof of this or a copy of that, and you’ve pitched the paperwork?  What then? 

We offer the following guidance and checklist as to what records to save and for how long.

Rule #1:          

Follow IRS rules to the letter.  If you are self-employed or are a small business owner, go to https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records and save their single-page summary entitled “How long should I keep records?”

Rule #2:          

Ask your accountant or financial advisor to provide you a comprehensive list of what personal and business-related records to save and for how long. 

At Lenox, we assist our clients in all parts of their financial life, not just in managing their portfolio.   Have a question?  Need some specific information?  Please let us know.  Knowledge is one more way we can help you FUND A LIFE YOU LOVE.

If you’re ready to discuss financial planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow.

Call us for a complimentary 1 hour review.  Call 513.618.7080 or contact us here to Fund a Life You Love.

 

Past Performance is not indicative of future results.

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.

A Letter to P&G Employees

A Letter to P&G Employees

A Letter to P&G Employees

I am asking the P&G community for help.  This includes alumni, retirees, and current employees.

We See a Significant Change Coming for Most Large Companies Including P&G

  • We believe that 1/3 of the S&P 500 companies will restructure and be gone in the next ten years.
  • We believe that the remaining 2/3 will reduce their headcount by 50%.
  • In order to win, large companies will need to redefine what is kept inhouse and what is outsourced.

The 2018/19 Firm Forecast Process Will Involve the Board

  • Nelson Peltz will join the Board on March 1. He is an advocate for change, backed by P&G’s largest shareholders.
  • The 2018/19 Firm Forecast will be the first Order of Business for Mr. Peltz.
  • Mr. Peltz is advocating for a significant restructuring of the company, giving significant authority of the overhead spending and reporting lines to 3 newly formed business units.
  • The primary focus will be on SR&A spending. This includes what is spent inside and what is spent outside, as well as, who has control over the reporting lines and allocation of overhead.
  • If collaboration between the Board representing shareholders and Management representing employee interests does not improve, there could be another proxy fight with more Board seats and control of the Board in play.

Most P&G Employees May Not See What’s Coming

  • These are unusual times. Most in the P&G Community did not believe an activist investor could get a seat on P&G’s Board.
  • The interest of current employees and retired P&G employees, who own stock and stock options may be split.
  • Most employees are accustomed to long term stability, incremental change, and substantially all decision-making authority for the Board and Management held in the hands of P&G’s CEO.          
  • David Taylor’s freedom to share what is happening inside the Board room could be very limited.
  • The days of keeping your head down, working hard, and retiring in your 50’s may not be the highest probability or best outcome for many loyal P&G employees.
  • To adequately prepare for change, employees will need advice and support and do not know who they can trust.

What Lenox is Doing to Help

  • Anticipating these possible  changes, we expanded our capabilities to include career planning.
  • Lenox has entered into licensing and consulting agreements with United Capital, Kolbe, Strength Finder, John Maxwell, and others to help P&G employees sort through a combination of both their career options and financial planning opportunities.
  • We will be hosting a series of Wealth Creation seminars to help P&G employees understand their choices and how their career and financial plans go hand in hand.

How Can You Help

  • Lenox has not done many seminars in the past. We have not typically asked individuals to reach out to potential clients on our behalf. At the risk of being bold and out of character, we are asking for your help.
  • Please share this letter with current employees and other members of the community.
  • Encourage the employees you know to attend our next Seminar for the P&G Community on February 28th. 


Sincerely Yours,

John C. Lame

CEO, Lenox Wealth

 

This material presented by Lenox Wealth is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Investments in securities and other investment products entail risk, including the risk of loss.  Opinions expressed are those of Lenox Wealth Management and are subject to change, not guaranteed and should not be considered recommendations to buy or sell any security.  The S&P 500 Index (“S&P 500”) is a market-value-weighted index consisting of 500 stocks chosen for market size, liquidity, and industry group representation and does not include the reinvestment of dividends. The S&P 500 is an unmanaged composite and investors cannot directly invest in the index.

Lenox Non-Profit of the Month: Karen Wellington Foundation for LIVING with Breast Cancer

Lenox Non-Profit of the Month: Karen Wellington Foundation for LIVING with Breast Cancer

Lenox Non-Profit of the Month: The Karen Wellington Foundation for LIVING with Breast Cancer

KWF is not your ordinary cancer foundation. Nope. Not at all. Their focus is on FUN. Fun NOW, to be specific. They  put FUN on the calendars of women and families LIVING with breast cancer – women with calendars full of chemo and radiation treatments, doctors’ appointments, tests, and more tests. Not-fun-stuff. Their Recipients are special ladies and families who are not done LIVING yet. KWF sends them on family vacations, relaxing spa days, dinners out, concerts, road trips and other FUN-ONLY activities .

KWF is friend-fueled, FUN-focused and, make no mistake about it, Girl-powered! They’re a growing group of friends in 10 chapters throughout the US. Friends who know how to have fun and, more importantly, get excited about giving FUN to others.

What started as Karen's dream to send one family each year on a special vacation once she beat cancer has blossomed! Over the past ten years KWF has sent more than 350! special ladies on important vacations, provided more than 150 spa days and other crazy gifts of FUN. In 2017 alone, they sent 86 families on vacation and 50 spa days! They hope to do even more in 2018.

They rely on the generosity of people to donate a week a year of their vacation homes or timeshares, airline miles or cash. Their Giving Committee leverages this generosity, connects the dots, and makes some magic happen. Before it’s too late. #FunNow!

How Can You Help?

NOMINATE a woman LIVING with breast cancer for some FUN: www.karenwellingtonfoundation.org/nominate

DONATE a week of your vacation home, time share or airline miles: www.karenwellingtonfoundation.org/donate-vacation-home-airline-miles

DONATE cash and FUN! 

LEARN more about US! 

www.youtube.com/watch?v=1dURc-rGFAM&t=2s

 

our website: www.KarenWellingtonFoundation.org

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