a life well planned is a life well lived
The Captain’s Log Spring 2022
It's All About the Family The James Family is incredibly fortunate to have the prodigious opportunity to work side-by-side with your family in the daily activities of our business. We are appreciative of each one of you, and through our continuous labors, we strive to become intimate with the inner dynamics of each client family. We work constantly to provide the highest level of honest and helpful service in a marketplace wrought with challenges and unpredictability. This investment industry stuff uniquely demands a “what have you done for me lately” measuring stick, and as fun as last year was, the real value is always camouflaged under the cloak of tomorrow’s deliverables. In our world, rear view mirrors provide merely a distraction from our goals – tangible helpfulness always resides in assiduously focusing on the road ahead.
Marching into 2022, investment industry practitioners grossly pontificated on the magnitude of unprecedented challenges ahead. Like it or not, this New Year stormed into our lives saddled with the burden of supply chain shortages, harmful inflationary pressures, uncertainty of Federal Reserve actions, and a brewing humanitarian crisis between Russia and Ukraine. How possibly could a sane investor uncover opportunity amongst this debris field full of landmines? The unwavering anxiety echoed moans from the weak longs and promised to smother all rays of springtime hope. The seasonal birds chirping, the springtime flowers budding, the longer and warmer days – all extinguished by the painfully repetitious drumbeats of negativity from political pundits, economic soothsayers, and warmongering. Cable news executives would starve if they made a living selling inspirational messages. (continued on page 3)
JAMESTOWNE INVESTMENTS NEWS What’s Inside: A Primer On Dividends Important Birthdays Over 50 Tax Rules When Selling Your Home 9 Facts About Social Security Stop Wasting Money Strategies for Managing Student Loan Debt Pay Yourself First 7 Tips For Becoming the Best Pet Owner Ever Recipe Corner
Newsletter Disclosures Securities and advisory services offered through Prospera Financial Services, Inc. Member FINRA, SIPC. 5429 LBJ Freeway, Suite 750, Dallas, TX 75240 The material in this newsletter does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Our firm does not provide legal or tax advice. You should consult with legal and tax advisors before making any investment decisions that would have legal/tax consequences. Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/ MAY LOSE VALUE
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A MESSAGE FROM CLAYTON Your Trusted Advisor In a 20-year career as an investment industry practitioner, when I have doubted my sanity and when my forward optimistic vision blurred, I always resort back to the infinite well of wisdom and experiences from our notable shaman, Warren Buffett, “Be fearful when others are greedy, and greedy when others are fearful.” His quote today sends a remarkably efficacious message to investors looking for something tangible to grasp during this dark moment in history. Intelligent investing behavior always sprouts from the petri dish of harmful emotions and gross loss of confidence; successful investors are the few who can uncover the ever-present opportunities while refusing to capitulate their positions. As the world is littered with negativity, it remains equally balanced with opportunity. During the most challenging times, investment fortuity is always found through the effective management of the perspective of time. With complete confidence, I wholly expect 2022 to be a year of market speedbumps, continued virus outbreaks, and unsettling global strife. Congruently, I believe the year will CLAYTON JAMES be celebrated by continued corporate excellence, technological FINANCIAL ADVISOR advances, accelerating marketplace efficiencies, and subtle advances in the human quality-of-life experiment. In the history of mankind, there has never been a better time to remain bullish, to lean in as an investor, and to remain diligently gazing forward. In the words of Kimberly Jones, “Don’t let people pull you into the storm. Pull them into peace”. It is a great pleasure for our family to provide the lens which keeps you focused on the abundance of confidence we all have in our investment markets. We are always available to answer your questions and we look forward to helping you successfully navigate the promised tumultuous waters of 2022. My Very Best to everyone in your family and I look forward to speaking to you directly. Cheers! Clayton W. James, AAMS Managing Director
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Our Thoughts on the Current Market Volatility
What is unfolding in Ukraine is extremely troubling. As Russia presses its military advantage, it is inspiring to see Ukrainians defending their country. And while the images of fleeing refugees and bombed out maternity wards create strong emotions, as your financial advisor, we’re here to help you keep those emotions in check as it relates to your financial planning. Markets were volatile prior to the invasion and have become even more so over the past few weeks. As we monitor the situation closely, nobody can predict market moves. We’ve seen broad selloffs followed by huge rallies – sometimes within the same trading session! Volatility will most likely continue, at least for the short term, as investors weigh the impact of rising inflation, energy prices, supply-chain disruptions, and interest rates. Signs of escalation or de-escalation in Ukraine will continue to move the indices. Amongst the uncertainty, what we do know is that markets are resilient. In fact, history tells us that major geopolitical events tend to have limited impact on markets after six to 12 months. So, sticking to your investment strategy may be the best approach. As quickly as markets fall, they can also go back up. We are true believers in the resilience of the American economy. We also feel that the underlying strength of today’s economy still bodes well for overall growth. This doesn’t mean that we are passive. We are taking measured steps to rebalance portfolios where necessary and doing some taxloss harvesting if appropriate. In uncertain times, our highest priority is helping our clients keep emotions out of investing and ensuring you remain focused on your long-term financial goals. We are on top of the situation and will continue to monitor events. Please do not hesitate to reach out to us with questions, concerns, or for some reassurance. We are here to support you and your family.
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A Primer On Dividends When interest rates reach historic lows, some investors turn to dividend-yielding stocks when in search of incomegenerating investments. When a company makes a profit, that money can be put to two uses: 1. It can be reinvested in the business. 2. It can be paid out to the company’s shareholders in the form of a dividend, a taxable disbursement typically made quarterly or monthly. Dividend Ratios Investors track dividend-yielding stocks by examining a pair of ratios. Dividend per share measures how much cash an investor is scheduled to receive for each share of dividend-yielding stock. It is calculated by adding up the total dividends paid out over a year (not including special dividends) and dividing by the number of shares of stock that are outstanding. Dividend yield measures how much cash an investor is scheduled to receive for each dollar invested in a dividendyielding stock. It is calculated by dividing the dividends per share by the share price.
Other Dividend Considerations Investing in dividend-paying stocks can create a stream of taxable income. But the fact that a company is paying dividends is only one factor to consider when choosing a stock investment. Dividends can be stopped, increased, or decreased at any time, unlike interest from a corporate bond, which is normally a set amount determined and approved by a company’s board of directors. If a company is experiencing financial difficulties, its board may reduce or eliminate its dividend for a period of time. If a company is outperforming expectations, it may boost its dividend or pay shareholders a special one-time payout. When considering a dividend-yielding stock, focus first on the company’s cash position. Companies with a strong cash position may be able to pay their scheduled dividend without interruption. Many mature, profitable companies are in a position to offer regular dividends to shareholders as a way to attract investors to the stock. Qualified dividends are taxed at a maximum rate of 20%. Ordinary dividends are taxed at the same rate as federal income taxes, or between 10% and 37%. State income taxes also may apply. Be cautious when considering investments that pay a high dividend. While past history cannot predict future performance, companies with established histories of consistent dividend payment may be more likely to continue that performance in the future. In a period of low interest rates, investors who want income may want to consider all their options. Dividend-yielding stocks can generate taxable income, but like most investments, they should be carefully reviewed before you commit any dollars. Keep in mind that the return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost. The information in this article 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.
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Clayton and Ginger with friends, Steve and Fran.
Important Birthdays Over 50 Most children stop being “and-a-half” somewhere around age 12. Kids add “and-a-half“ to make sure everyone knows they’re closer to the next age than the last. When you are older, “and-a-half” birthdays start making a comeback. In fact, starting at age 50, several birthdays and “half-birthdays” are critical to understand because they have implications regarding your retirement income. Age 50 At age 50, workers in certain qualified retirement plans are able to begin making annual catch-up contributions in addition to their normal contributions. Those who participated in 401(k), 403(b), and 457 plans could have contributed an additional $6,500 per year in 2021.1 Those who participate din Simple IRA or Simple 401(k) plans could have made a catch-up contribution of up to $3,000 in 2021. And those who participated in traditional IRAs could have set aside an additional $1,000 a year.2,3
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Age 59½ At age 59½, workers are able to start making withdrawals from qualified retirement plans without incurring a 10% federal income-tax penalty. This applies to workers who have contributed to IRAs and employer-sponsored plans, such as 401(k) and 403(b) plans (457 plans are never subject to the 10% penalty). Keep in mind that distributions from traditional IRAs, 401(k) plans, and other employer-sponsored retirement plans are taxed as ordinary income. Age 62 At age 62, workers are first able to draw Social Security retirement benefits. However, if a person continues to work, those benefits will be reduced. The Social Security Administration will deduct $1 in benefits for each $2 an individual earns above an annual limit. In 2021, the income limit was $18,960.4 Age 65 At age 65, individuals can qualify for Medicare. The Social Security Administration recommends applying three months before reaching age 65. It’s important to note that if you are already receiving Social Security benefits, you will automatically be enrolled in Medicare Part A (hospitalization) and Part B (medical insurance) without an additional application.5 Age 65 to 67 Between ages 65 and 67, individuals become eligible to receive 100% of their Social Security benefit. The age varies, depending on birth year. Individuals born in 1955, for example, become eligible to receive 100% of their benefits when they reach age 66 years and 2 months. Those born in 1960 or later need to reach age 67 before they’ll become eligible to receive full benefits.6 Age 70½ Under the SECURE Act, in most circumstances, once you reach age 72, you must begin taking required minimum distributions from a Traditional Individual Retirement Account (IRA) and other defined contribution plans. You may continue to contribute to a Traditional IRA past age 70½ under the SECURE Act as long as you meet the earned-income requirement. Understanding key birthdays may help you better prepare for certain retirement income and benefits. But perhaps more importantly, knowing key birthdays can help you avoid penalties that may be imposed if you miss the date. 1.The catch-up limit is adjusted in $500 increments. 2. If you reach the age of 50 before the end of the calendar year. 3. IRS.gov, 2020 4. SSA.gov, 2021 5. SSA.gov, 2021. Individuals can decline Part B coverage because it requires an additional premi 5. SSA.gov, 2021. Individuals can decline Part B coverage because it requires an additional premium payment. 6. SSA.gov, 2021
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Tax
Selling
Rules
When
Your
Home
How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of these new rules.
Home Sale If you owned and lived in your home for two of the last five years before the sale, then up to $250,000 of profit may be exempt from federal income taxes. If you are married and file a joint return, then it doubles to $500,000.1 To qualify for this exemption, you cannot have excluded the gain on the sale of another home within two years to this sale. Please consult a professional with tax expertise regarding your individual situation.2 This profit would be excluded from your taxable income. In fact, the sale may not need to be reported unless you receive a Form 1099-S or do not meet the above requirements. If you sold your home at a loss, unfortunately, you can’t deduct the loss.
There Are Exceptions Even if you do not meet the above requirements, you may qualify for this exclusion: • • •
If you receive the house in a divorce settlement If you are able to count short-term absences as time lived in the house If a surviving spouse who has not remarried can count the time that the deceased spouse lived in the house.3
The five-year test period can also be suspended for up to ten years in cases where any spouse has served on “qualified official extended duty” as a member of the military, foreign service, or federal intelligence agencies. Even if you don’t pass the five-year rule test, a reduced exclusion may be available if you have a change in employment or health, or because of unforeseen circumstances, such as divorce or multiple births from a single pregnancy. Please speak with a professional with tax expertise regarding your situation. 1. IRS.gov, 2021 2. 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. 3. IRS.gov, 2021
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9 Facts about Social Security Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you really know? Here are nine things that might surprise you. 1. The Social Security trust fund is huge. It was estimated to be $2.9 trillion by the end of 2020.1 2. Most workers are eligible for Social Security benefits, but not all. For example, until 1984, federal government employees were part of the Civil Service Retirement System and were not covered by Social Security.2 3. You don't have to work long to be eligible. If you were born in 1929 or later, you need to work for 10 or more years to be eligible for benefits.3 4. Benefits are based on an individual's average earnings during a lifetime of work under the Social Security system. The calculation is based on the 35 highest years of earnings. If an individual has years of low or no earnings, Social Security may count those years to bring the total years to 35.4 5. There haven't always been cost-of-living adjustments (COLA) in Social Security benefits. Before 1975, increasing benefits required an act of Congress; now, increases happen automatically, based on the Consumer Price Index. There was a COLA increase of 1.3% in 2021, but there was an increase of 2.8% in 2019.5 6. Social Security is a major source of retirement income for 62% of current retirees.6 7. Social Security benefits are subject to federal income taxes – but it wasn’t always that way. In 1983, Amendments to the Social Security Act made benefits taxable, starting with the 1984 tax year.7 8. Social Security recipients received a single lump-sum payment from 1937 until 1940. One-time payments were considered “payback” to those people who contributed to the program. Social Security administrators believed these people would not participate long enough to be vested for monthly benefits.8 9. In January 1937, Earnest Ackerman became the first person in the U.S. to receive a Social Security benefit – a lump sum of 17 cents.8 1. Social Security Administration, 2021 2. Investopedia.com, 2021 3. Social Security Administration, 2021 4. Social Security Administration, 2021 5. Social Security Administration, 2021 6. Employee Benefit Research Institute, 2021 7. Social Security Administration, 2021 8. Social Security Administration, 2021
Stop Wasting Money Benjamin Franklin once said, “a penny saved is a penny earned.” The modern upgrade to that observation might be that $100 not spent is more like $143.1 One way to find the money to meet your spending or saving needs is to examine your current spending habits and consider eliminating money wasters.
Top Money Wasters Bargain Shopping…and its Expensive Cousin, Impulse Buying Fire sales and impulse buying (such as products sold on infomercials) can be money wasters, made worse by how often they sit idly in a closet or drawer.
Unused Subscription Services It can be tempting to sign up for the “free trials” many subscription services offer, but don’t forget to cancel after your trial period is up. Forgotten subscription services can eat away at your wealth when you don't value the subscription anymore. For example, three $30-per-month subscriptions don't sound like much until you realize they total nearly $1,100 per year.2
Cable and Cell Call your provider and see if it’s possible to negotiate a new rate. Cell providers, who face stiff competition, may be responsive. Cable companies may be less so, especially if they are a single provider, but you can review your package and make sure you are not paying for service you don’t want.
Paying for Water Switching from an essentially free product to one that may cost up to $1.50 a day or more is real budget leak. Consider purchasing a reusable container and using that during the day.
Gourmet Coffee $4 or $5 a day may not seem like a lot of money, but when Americans step into a gourmet coffee shop, they may often buy more than just the coffee. Consider brewing your own. It can be ready before you leave for work, and it’ll save you the wait in the drive-through line!
Eating Out While dining out may be one of life’s pleasures, eating out is often less about socialization and more about convenience. Twice a week may not seem like much, but over time it can add up. Try tracking your diningout expenses for a week. You may be shocked at how fast costs add up.
1. This is a hypothetical example that assumes a 30% tax rate. The example is used for illustrative purposes only. It is not representative of any specific tax rate or combination of tax rates. 2. Businessinsider.com, April 19
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Strategies for Managing Student Loan Debt If college were a party, then student loans are the hangover. Unfortunately, the “hair of the dog” won't cure this headache, but here are some ideas for managing your student loan debt. The programs listed are not intended as tax or legal advice. They 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. The programs are for informational purposes only, and should not be considered a substitute for a more comprehensive student loan evaluation. Income-Driven Repayment Programs — There are four different types of income-driven repayment choices that may help to manage your monthly federal student loan payments:1 • • • •
Revised Pay As You Earn Repayment Plan (REPAYE Plan) Pay As You Earn Repayment Plan (PAYE Plan) Income-Based Repayment Plan (IBR Plan) Income-Contingent Repayment Plan (ICR Plan)
You may be eligible for one or more of these payment choices depending on the types of student loans you have, your family size, your income, and certain other factors. Under these income-driven repayment plans, any remaining loan balance may be forgiven at the end of the payment period. Payment periods vary depending on the payment option you enroll in, but typically range between 20-25 years. Clayton may be able to help you to determine which of these income-driven repayment choices you might be eligible for. Public Service Loan Forgiveness — Certain federal loans may be forgiven after 10 years of qualifying payments if you take a job with federal, state, or local government; a non-profit; or certain other public service organizations. Volunteer — There are a number of programs, such as AmeriCorps, Peace Corps, and the military, in which service may accrue a benefit that reduces an outstanding loan balance in an amount that varies depending upon the program. Pre-Pay Principal — Pre-payment of principal may help lower the lifetime interest costs of a loan. To raise cash to fund pre-payments, one idea is to ask that birthday and holiday gifts be cash to put toward pre-payments. You could also direct any raises, bonuses or overtime pay to prepayments. If you do pre-pay principal, be sure to target the loans with the highest rate of interest. Loan Consolidation — You can consolidate your federal loans through the Direct Loan program, or through a private lender if you have private loans. However, this may only make sense if you can obtain an overall lower interest rate.
1. StudentAid.gov, December 2020
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Whale Tail in Cabo San Lucas, Mexico 12 /
Pay Yourself First Each month, you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first” – in other words, making your first payment of each month a deposit into your savings account. The saving patterns of Americans vary widely. And too often, short-term economic trends can interrupt long-term savings programs. For example, the U.S. Personal Savings Rate jumped from 3.5% to nearly 8% in May 2008 during the housing and banking crisis. It then rose and fell sporadically as the economic environment appeared to stabilize. It peaked in December 2012 at 12%. As of 2021, the average rate has once again varied widely between about 15% to 28%, largely due to the COVID-19 pandemic.1 The Genius of Pay Yourself First Anyone who’s ever managed their own finances knows that saving can be a challenge. There seems to be an endless stream of expenses that demand a piece of each month’s paycheck. Herein lies the genius of paying yourself first: you get the cream at the top of the bucket, and not the leftovers at the bottom. The trick is to prioritize. Make it a point to put your future first. At first, saving may mean a small lifestyle change. But most individuals want to see their net worth increase steadily. For them, finding ways to save becomes more of a long-term commitment than a short-term challenge. Putting Your Money to Work What will you do with the money you save? If retirement is your priority, consider taking advantage of tax-advantaged investments. Employersponsored retirement plans, such as 401(k)s, can be a great way to save because the money comes out of your paycheck before you even see it. Also, as an added incentive, some employers offer to match a percentage of your contributions.2 For money you may want to access before retirement, consider placing the funds in a separate account. When the balance hits your target, you may want to move the money into investments that offer the potential for higher returns. Of course, this may mean exposing your money to more volatility, so you’ll want to choose vehicles that fit your risk tolerance, time horizon, and long-term goals. In the pursuit of growing wealth, sound habits can be your most valuable asset. Develop the habit of “paying yourself first” today. The sooner you begin, the more potential your savings may have to grow. 1. Federal Reserve Bank of St. Louis, 2021 2. Under the SECURE Act, in most circumstances, you must begin taking required minimum distributions from your 401(k) or other defined contribution plan in the year you turn 72. Withdrawals from your 401(k) or other defined contribution plans are taxed as ordinary income, and if taken before age 59½, may be subject to a 10% federal income tax penalty.
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We've done it again!
Congratulations to Clayton for once again qualifying for Prospera's Director's Circle 2022. This conference recognizes the top advisors for their professionalism, productivity, and loyalty to Prospera.
Our Mission Statement Knowing each client comes to us with a unique individual background and a unique set of personal experiences; our mission is to guide and inspire each client's journey towards financial success, investment confidence and fiscal well-being. To help all clients succeed in this journey, we utilize sound, efficient and relevant investment products, principles, and policies. Our firm places significant value in providing the highest level of personalized customer service and communication. We operate with full transparency, and our success comes alongside our client's success. A life well planned is a life well lived! Peace of Mind Can be an Asset 14 /
Pearl successfully hunted ducks. / 15
7 Tips for Becoming the Best Pet Owner Ever Your pets don't speak your language, so it can be difficult to understand their thoughts and feelings. So how can you tell if you're being a good pet owner? The truth is, you may never know for sure. February was Responsible Pet Owners Month, so now is as good a time as any to start trying to be the best pet owner you can be. Here are some ideas for improving your pet ownership skills and becoming even closer to your furry friend.
Going for walks and exercising your pet Physical activity is important for both dogs and cats. Similar to yourself, pets need to burn off the food they eat so it doesn't lead to a pudgy stomach. According to the American Veterinary Medical Association, about 35% of pets are overweight or obese, and that can lead to respiratory disease, diabetes, and liver disease. Regular exercise can prevent health issues, plus it's a fun bonding experience for you and your pet.
Research the breed Although certain rules apply to all pets, each breed is special in its own way. Find out whether your pet has problems with travel or making friends with other animals. Try to match your lifestyle with the temperament of your pet too. If you're interested in a shelter animal, try to find out as much as possible about any trauma they've endured.
Keep them up to date on their vaccinations! Certain shots are required for your pets, and others are highly encouraged for their long-term health. The initial round of shots can be overwhelming, but it'll save you money and subsequent visits to the veterinarian in the future. Consult with your vet about when to get booster shots so your pet has minimal problems for their entire life.
Be attentive at dog parks If you decide to take your dog to a park or off-leash area to play, make sure you watch what they're doing. They can easily wander off to find gaps in the fence or items they shouldn't eat. You also should pay attention to how they interact with other dogs so they don't get too aggressive or bullied. Socialization at these parks is highly recommended at an early age to prevent skittish or aggressive behavior.
Clean up after their messes Cleaning up the yard or litter box after your pet goes to the bathroom is essential for keeping your home clean. Dogs are generally motivated to go to the bathroom in places they've already relieved themselves, while cats tend to avoid their litter box entirely if it is too dirty. People in your neighborhood will also appreciate your cleaning efforts in parks and during walks.
Don't leave them alone too often Your pets can function independently, but it's not a good idea to leave them home alone frequently. It's possible for both dogs and cats to develop separation anxiety, which can lead to destructive or attentiongrabbing behaviors. Try to maintain a consistent schedule. Plan to visit your pet during the day while you're at work or arrange for them to go to a daycare where they can play.
Buy safe toys for them Your pet can potentially choke on rawhide chews or bones if they swallow pieces that are too large. Don't buy toys that are too small because they could be eaten. Rotating toys can keep your pet intrigued while preserving the toys they have, especially if they like to destroy anything that's soft or squeaky. Last but definitely not least, spoil your pet because they deserve it! Treats, cuddles, new beds, and fresh toys are priceless in the mind of your furry friend.
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RECIPE CORNER
Aunt Doc's Taco Salad Generously shared by Jenny Middlebrooks
Ingredients: 1 lb. ground beef 1 - 1½ bottles of Catalina dressing 1 bag Doritos chips, crushed 1 head of iceberg lettuce, cut or torn into pieces 2-3 green bell peppers, chopped 1 medium-large purple onion, chopped 1-2 large tomatoes, chopped 2 cups shredded cheddar cheese Instructions: • Brown the ground beef in a skillet, drain, and while still warm, stir in approximately ½ - ¾ bottle of Catalina dressing. Set aside to cool, or cool in refrigerator. • In a big Tupperware bowl, layer the following items in order: iceberg lettuce, bell peppers, purple onion. • Next, layer the two cups of shredded cheddar cheese. • Then, sprinkle the cooled meat mixture over the cheese. • Top with chopped tomatoes. • When you reach your picnic and/or are ready to serve, add the remaining Catalina dressing (~ ¾ bottle) and crushed Doritos chips. Stir together and serve immediately. Enjoy!! / 17
RECIPE CORNER Fran Kolet's Marinated Cucumbers Ingredients: 2 cucumbers 1/2 cup rice vinegar 2 tbsp brown sugar 2 tbsp soy sauce Red pepper flakes Instructions: • Peel cucumbers, halve lengthwise and remove seeds. • Cut up cucumbers into bite sized pieces. • Mix next four ingredients, stir until brown sugar is dissolved. Add to cucumbers. • Can add 1 tsp. chopped peanuts and minced green onion for company. • Will store for a long time in refrigerator but won’t last long. Cucumbers remain crisp.
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Asset Movement Cutoff The following requests received in good order will be approved by the following times (EST).
Check Disbursements
1:30 p.m.
ACH Requests
4:00 p.m.
Fed Wires
5:00 p.m.
Journal Requests
4:00 p.m.
IRA Distributions will follow the above deadlines.
DTC/DRS Requests
4:00 p.m.
Other IRA Requests
4:00 p.m.
(Contributions, Roth Conversions, Rollovers, IRA Consolidations, etc.)
If received after cutoff, items will be approved on a best efforts basis with the exception of check reimbursements.
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PROSPERA FINANCIAL SERVICES
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Photo credit: Sara Harris Photography