Fleming Watson Financial Advisors
Is This the Top of the Stock Market?

Is This the Top of the Stock Market?

July 18, 2019

The S&P 500 recently closed over 3,000 for the first time ever. And it begs the question, "Is this the top of the stock market?"  At least one large money manager thinks stocks are headed higher.  Much higher.  We talk about that on today's episode of What's Happening now.  

We have been following First Trust Portfolio's commentary for some time.  You can read their post about their increased forecast and the methodology they use, here

As most of you know, we are not in the prediction business.  And most who are, have limited success.  But it rarely stops anyone from trying.   

The stock market will either go up or down from here.  The only way we will know who guessed correctly is to wait and see.  We rarely take any of them to be reliable indicators of future performance.

We are certainly hopeful the S&P 500 passes the 3,250 mark.  But if it doesn't, we won't be surprised.

Neal Watson is a Certified Financial Planner™ Professional and a Financial Advisor with Fleming Watson Financial Advisors  He typically works with people who are planning for retirement.  Fleming Watson is a Registered Investment Advisory firm located in Marietta Ohio.  Our firm primarily serves Marietta, Parkersburg, Williamstown, St. Marys, Belpre, Vienna and the surrounding communities in Washington and Noble Counties in Ohio and Wood and Pleasants county in West Virginia.

What’s Happening Now: The New DNA Testing Scam

What’s Happening Now: The New DNA Testing Scam

July 9, 2019

There is a new DNA testing scam targeting retirees. We'll talk about how they are doing it and what you can do to protect yourself on this episode of What's Happening Now.

Consumer Level DNA Testing

Over the past few years, there has been a rise in consumer level DNA testing. It has centered around finding out where in the world your family originated. Companies like Ancestry.com and 23 and Me have made these tests readily available.

Also, 23 and Me has an option where you can find out more about certain genetic health conditions. This can help you determine if you at risk for certain hereditary diseases.

The New DNA Testing Scam

We received a notification from the Ohio Department of Insurance about a new DNA Scam. They target retirees and in some cases bribe them to complete DNA tests. And they try to convince their victims Medicare will pay for the tests.

They try to get critical information from you. They ask for your Medicare number and your Social Security number.

Except, Medicare, will only pay for the DNA test if they are medically necessary.

Sharing your Medicare or Social Security number can lead to identity theft.

Protect Yourself

Here are some steps you can take to protect yourself.

1. Consult Your Doctor.

Ask your physician if they believe a DNA test would be beneficial. If they believe it will, have them order the test. They will refer you to a reputable lab for the test. They will also be able to submit the request to Medicare.

2. Use one of the known consumer providers.

We don't have any experience with 23 and me. And we cannot attest to their services or the results they provide. But they should be able to provide you some information at a published cost. And they should be able to do it without obtaining your Social Security number.

3. Do Not Share Your Information

You should not share critical information with people you do not know and trust. When someone has information like your Social Security number and date of birth, they can do a lot of damage. Guard this information carefully annd only share it with trusted sources.

4. Check with people you know and trust.

If you get a call like this, get the name of the company, a phone number, and the name of the person calling. Then do some research. Call your family, call your doctor, call us before you proceed. Let those around you help you do the research before you jeopardize your identity. 

Neal Watson is a Certified Financial Planner™ Professional and a Financial Advisor with Fleming Watson Financial Advisors  He typically works with people who are planning for retirement.  Fleming Watson is a Registered Investment Advisory firm located in Marietta Ohio.  Our firm primarily serves Marietta, Parkersburg, Williamstown, St. Marys, Belpre, Vienna and the surrounding communities in Washington and Noble Counties in Ohio and Wood and Pleasants county in West Virginia.

 

 

What’s Happening Now - 2019 Midyear Update

What’s Happening Now - 2019 Midyear Update

July 2, 2019

The year is half over, and it is time for our 2019 Midyear Update.  If we were to describe the investment markets for the first half of this year in one word, it would simply be "Wow!"  We'll talk about how the major asset classes did in the first half. And we'll discuss some of the things which could impact the second half of the year.  We'll finish with a couple of interesting facts which give us a reason for optimism.

You can view the related post on our website here:  http://flemingwatson.com/2019-mid-year-update/

We have also updated our popular asset allocation quilt with the numbers from the first half of the year.

Neal Watson is a Certified Financial Planner™ Professional and a Financial Advisor with Fleming Watson Financial Advisors  He typically works with people who are planning for retirement.  Fleming Watson is a Registered Investment Advisory firm located in Marietta Ohio.  Our firm primarily serves Marietta, Parkersburg, Williamstown, St. Marys, Belpre, Vienna and the surrounding communities in Washington and Noble Counties in Ohio and Wood and Pleasants county in West Virginia.

What’s Happening Now: A Recession Knocking On The Door

What’s Happening Now: A Recession Knocking On The Door

June 23, 2019

If my inbox, the news headlines, and the magazine covers are any indication, a recession is knocking on the door.  If, or should we say when, it happens, it will be the first one in over a decade.  It has the potential to impact your accounts.  We'll talk about some of the things we are considering as it approaches.

To listen to this episode on our website, or ask us a question: http://flemingwatson.com/a-recession-knocking-on-the-door/

What’s Happening Now:  The New Social Security Scam

What’s Happening Now: The New Social Security Scam

June 16, 2019

Over the past few months, a new telephone scam has surfaced.  They tell you there is fraudulent activity surrounding your Social Security Number. Today we will share an actual voicemail example, and talk about how to protect yourself.

If you would like to visit the post on our website, or ask a question to be answered later, please visit: 

If you would like to email a question, please send an email to Neal Watson at neal@flemingwatson.com.

 

What’s Happening Now:  Death of the Stretch IRA

What’s Happening Now: Death of the Stretch IRA

June 13, 2019

Legislation pending in the US House and Senate will change Required Minimum Distributions. And one of the biggest changes will impact the "Stretch IRA."  

To listen to this on our website, visit:  insert link here.

What’s Happening Now: Chinese Tariffs and Stock Market Corrections (Audio Only)

What’s Happening Now: Chinese Tariffs and Stock Market Corrections (Audio Only)

June 2, 2019

Today we offer our brief insights on what's happening in the stock market due to the Chinese Tariffs.

You can visit this post on our website at:  http://flemingwatson.com/possible-stock-market-correction/

5 Good minutes - 2019E02:  What Happens Next

5 Good minutes - 2019E02: What Happens Next

January 24, 2019

This is the audio file from the video which appears on our YouTube channel  The specific episode can be found here.

2018 was the first negative year for the stock market since 2008.  

Many people are wondering what happens next.  We'll talk about it on today's episode.

Social Media Links:

facbook:  https://www.facebook.com/FlemingWatsonFinancial/

Twitter:  https://www.twitter.com/NealWatson

YouTube: https://www.youtube.com/channel/UCFdNZ3U-5KivU7_5y-CPI_Q

 

Your Money: One on One - Episode 02 - Preventing Elder Financial Abuse

Your Money: One on One - Episode 02 - Preventing Elder Financial Abuse

October 12, 2018
We continue our discussion about elder financial abuse. In today's episode we focus on the steps you can take to prevent abuse from happening.
 
Our guest is Jonathan Dehmlow and we discuss:
 
  • Durable Powers of Attorney
  • Guardianship
  • Conservatorship
  • What we should be telling our kids or asking our parents
 
 
About our Guest: Johnathan Dehmlow
Estate Planning Specialist, Fields Dehmlow and Vessels
 
JonDehmlow
Jon is an estate planning specialist with Field Dehmlow and Vessels.  He is the "preventative maintence" attorney when it comes to protecting yourself from financial scams and abuse.
 
Jon graduated from Wheaton College in Illinois and received his law degree from Baylor University.  He also served in the Army National Guard.
 
Here is how you can get in touch with Jon:
 
(740) 373-5346
 
 
Your Money: One on One - Episode 01 - Elder Financial Abuse

Your Money: One on One - Episode 01 - Elder Financial Abuse

September 6, 2018
We face many financial risks in retirement. One of those which is often overlooked is being taken advantage of by someone else. Elder financial abuse is a growing problem in the United States. Seniors lose an estimated $36.5 Billion every year to fraud.
 
Our guest Ethan Vessels joins us for an in depth discussion on this topic. We will discuss:
 
  • Examples of abuse he has seen.
  • The Types of abuse by strangers.
  • How the people you know and trust take advantage of you.
  • What type of recourse you might have
  • Some steps you can take to limit your risks.
  • And what you can do if you suspect you or someone you know is a victim of financial abuse.

 

About Our Guest - Ethan Vessels, Litigation Specialist - Fields, Dehmlow & Vessels

Ethan is a litigation specialist with the firm of Fields, Dehmlow and Vessels.  One of his area's of specialization is Elder Financial Abuse.  He is a graduate of the United States Military Academy and The Moritz College of Law at The Ohio State University.

Ethan's email address:  ethan@fieldsdehmlow.com

Ethan's phone number: (740)374-5346

Website:  www.fieldsdehmlow.com