The Cox Connection

Volume 2 Issue 1 || March 2019

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Rightsizing for retirement

Forty-nine percent of Americans in their late 50s and early 60s have a mortgage. Their housing consumes at least one third of their budget. Looking for ways to reduce your housing expenses can make a big difference for your retirement scenario. By reducing your housing costs, you can invest the savings for retirement and significantly improve your retirement nest egg. Is rightsizing right for you?

Other ideas to help you prepare for retirement:

  • request a new social security benefit statement, and understand benefits and drawbacks of when you plan to apply for benefits
  • if you are within 3 months of turning 65 understand Medicare and your healthcare options
  • begin defining your dreams and understand what that will cost you

Watch the Video: Retirement Redefined and read about the Retirement Traps we strive to avoid.

Market Update

The stock market has been on a steady upward trend since our last update in January 2019. The S&P 500 has gained back much of the losses since the 2018 high on September 1. Year-to-date through March 25, 2019 the S&P 500 Index had a total return of 12.18%. Yet, the news still talks about the possibility of a recession in the near future. Many experts agree it is unlikely that 2019 will enter recession territory. It is, however, possible that investors should prepare their portfolios now for a slow down in 2020 and 2021. Equity sectors that have historically done well in volatile or recessionary environments include: consumer staples, healthcare, utilities, and communication services(1).

Cox Global Associates believes in investing for the long-term and that is why our portfolios will balance equity positions with positions that offer less volatility. Bonds offer a good balance for most investors. In more recent years, bonds have offered flat to slightly positive results when equities are selling off. When selecting bonds we seek positions that offer capital preservation, income, diversification, and inflation protection(1). Since the beginning of 2019, the Barclays Aggregate Bond Index has provided a 2.84% total return through March 25, 2019.

If your situation has changed or you would just like to see how your accounts are doing, call us to schedule an appointment to review your portfolio, 281-395-8300.

Source: (1) https://www.thecapitalideas.com/articles/guide-to-recessions#anchor-7. Total returns of the S&P 500 and the Barclays Aggregate Bond Index are provided by Morningstar. Neither Morningstar nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web site, including, but not limited to Information originated by Morningstar, licensed by Morningstar from Information Providers, or gathered by Morningstar from publicly available sources. There may be delays, omissions, or inaccuracies in the Information.


Five Investment Tax Strategies You May Want to Consider

1. You may be able to exclude gains from the sale of a primary residence up to $250,000 for an individual or $500,000 for joint filers; subject to eligibility requirements.

2. Offset gains and loss when rebalancing your portfolio. If losses exceed gains for the year you may be able to carry the loss forward for future use.

3. If you’ve inherited an IRA or pension, you may be able to deduct any estate tax paid by the IRA owner from the taxes due on the withdrawals you take from the inherited account.

4. Make pre-tax contributions to an employer sponsored retirement plan, like a 401(k) or 403(b), or make contributions to an IRA.

5. If you are a bond investor, consider investing in municipal bonds for their tax exempt income; other taxes may still apply depending on your situation.

The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. There are maximum contribution limits for employer sponsored retirement plans and IRAs, as well as penalties for taking distributions prior to age 59½. Deductions for IRA contribution are subject to IRS rules.


Katy Boardwalk Project

"As an original member or the Katy TIRZ Board, and now serving on the Katy Management District 1 Board, I am very excited to talk about the progressive approach Katy has taken since the late 90’s to promote our city. Commercial development is growing our City and helping Katy residents with a strong tax base. The new Katy Boardwalk, Convention Center and Shopping Center will bring in upscale stores, lofts, restaurants, and more. These are exciting times for Katy residents." Don Cox, President of Cox Global Associates.

Image Credit: Katy Boardwalk District

The Houston Livestock Show and Rodeo was a blast!

We love this time of year in Houston. We were at the rodeo to participate in various cattle shows and rodeo events. We hope you enjoyed it as much as we did!

We want your opinion!!

Your opinion matters to us! Click the following link to access our 2019 Client Survey to let us know how we are doing: Survey Link.


National Retirement Planning Week April 8-12: Refer family or friends to come meet with us!

April 11th Seminar @ 11 am 10:45 check-in: Social Security & Medicare (RSVP)

April 15, 2019 Federal Taxes Due

April 21, 2019 Easter Sunday

May 7, 2019 Ramadan Begins (tentative)

stay informed

We post regularly on social media to give you practical tips and ideas.

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Cox Global Associates, Inc. || 1260 Pin Oak Road, Suite 204 || Katy, TX 77494 || 281.395.8300 https://www.coxglobalassociates.com/ || info@coxglobalassociates.com

Securities and Advisory Services are offered through Geneos Wealth Management, Inc. FINRA, SIPC. Investment advisory services also offered through Cox Global Associates, Inc., A Registered Investment Advisor.

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