Douglass Financial Services

Simplicity. Confidence. Freedom. Making a difference in the lives of our clients.

1.800.447.4135 | Client Login
Navigation Menu

College Planning Seminar

Posted on Apr 5, 2018 in Uncategorized

Join us for a College Planning Seminar! Hosted by David Douglass and Roshan Prakash 3807 General Electric Road, Suite #2, Bloomington, IL Two opportunities to attend: Thursday, April 26 from 7:00-8:30pm or Sunday, April 29 from 2:00 – 3:30pm. We will have some spring beverages and treats available to enjoy. RSVP by April 22 to susan.strubhar@cambridge secure.com or call David Douglass at...

Read More

Tax Cuts and Jobs Act of 2017

Posted on Mar 21, 2018 in Freedom

With the recent passage last year of the new federal tax law (Tax Cuts and Jobs Act of 2017) we thought it would be useful to provide you with a couple links to articles and websites that we feel do a good job of summarizing some of the key components of the new law.   https://waysandmeans.house.gov/taxreform   2017 Tax Reform A review and analysis of key highlights from the Advanced Consulting Group of Nationwide®   http://www.thepresleygroup.net/wp-content/uploads/2017/12/2017-Tax-Reform.pdf   6 things investors need to know about the new tax plan  ...

Read More

Risk…When Is Zero Not Really Zero?

Posted on Mar 21, 2018 in Confidence

A few years ago, on the heels of the financial crisis of 2008-2009, I had the pleasure of attending a conference where renowned financial author, Nick Murray, was speaking.  I still remember the core of his message:  he was concerned that, due to the scars of the huge stock market meltdown, many investors were going to become solely focused on safety of principal and, in doing so, completely and regrettably forget about the risk of inflation.  In short, he was witnessing people, in the interest of feeling better temporarily, moving all of their money into 1, 2 or 3% CDs (or even burying it in the backyard) and vowing never to go back into the markets again—all the while forgetting that if inflation went back up to 3-4% (as we know it historically often does), their real return would then become negative. So, while we have been in an unprecedented period of very tame inflation, we always want to make sure that our clients understand the risk that comes with over-allocating to so-called “no risk” assets.  Of course, there is no substitute for secured deposits for funds that are going to be needed for near-term and sometimes even mid-term expenses.  But for longer-term funds, a well-designed investment portfolio will go a long way to offset the erosion of purchasing power that inflation can cause.  And with life expectancies on the rise, the need to at least keep up with inflation becomes an even more important factor to consider as we do our planning. Up next:  Timing...

Read More