Category: Blog

August 22 will mark the longest bull market (up market) in history unless the stock market drops more than 20% before then. It got us thinking, who deserves the credit for this? Trump helped push through the tax reform which resulted in our economy notching a 4%+ GDP growth figure in the second quarter of 2018. This is the most our economy has grown since 2014. So does Trump deserve credit for this economic growth? I Googled that question…the unhelpful results are below:

That got us thinking, should we be giving Presidents credit for economic growth? Should Coolidge get credit for the Roaring Twenties? Three months after he left, the bubble burst and Hoover took the blame for the worst performance ever. However, it sounds like the Smoot-Hawley Tariff Act he signed didn’t help matters.

It looks to me that timing may have more to do with a President’s stock market record than the policy put in place. Clinton benefited from the internet boom and George W was saddled with the internet bust, the 2001 terrorist attacks, and the 2008 crisis. Trump has benefited from the momentum of this long recovery started under Obama, but Trump should get some credit for extending it. To be clear, he’ll also get the blame when things cool off, especially if the reason is because of his tariffs.

Best Presidents stock market performance:

1.     Calvin Coolidge 1923-1929:     26.1%/yr

2.    Donald Trump 2017- July 25, 2018:  16.2%/yr

3.   Bill Clinton 1993-2001:    15.2%/yr

4.   Barack Obama 2009 – 2017:   13.8%/yr

 Worst Presidents stock market performance:

1.     Herbert Hoover 1929-1933:   -30.8%/yr

2.     George W Bush 2001-2009:    -5.6%/yr

3.     Grover Cleveland 1893-1897:   -4.9%/yr

4.     Richard Nixon 1969-1974:       -3.9%/yr

Info from Kiplinger.com

In the meantime, stocks are steady and companies are reporting their earnings again. So far the news has been good (with the exception of Facebook falling over 20% tonight!), but everyone is still pointing to uncertainty surrounding the brewing trade drama. The meeting with the EU just today looks like that could be a bit of good news on the trade front.

Other economic indicators suggest the housing market may be peaking. In California, a leading indicator for the nation, June’s sales were down 11% from one year ago. Houses may now be priced too high and rising interest rates could be squeezing buyers.

The data for Portland is still good though. May saw sales slow, but June 2018 home sales beat June 2017 sales by 7.8%. There may be a slow down coming, but Portland doesn’t seem to care just yet.

Allevi-8 Book

Another item we wanted to mention is a retirement planning tool that we’re offering to our clients. We’ve had a few versions of these in the past: the When I’m Gone Book is what Bruce originally called them, then we had The Go-To Book. Now, we’re creating them here in the office and calling them the Allevi-8 Book.

These books are a place to put your important financial documents so your spouse or beneficiaries can easily find your insurance policies, investment accounts, will or trust, real estate info, important contacts and other details if/when something happens to you.

We’ve handed out 30 of these so far and we have another 20 that Jeremiah just put together. Please let us know if this is something you’d like to have, or if you have a friend or family member that could benefit from it. When we run out we’ll just make more!

Hope everyone is enjoying the summer. Call us with any questions or concerns.

-Tim Porter, CFP®

“Why would anyone in their right mind volunteer to be pepper sprayed?” This is the question I was asking myself after I was pepper sprayed and had to defend myself during my annual two weeks of training at the Yaquina Bay Coast Guard Station in Newport, OR. This is how it was described to me beforehand, “…it’s like dipping your face in a hot fryer, sticking needles your eyes and then you have to fight someone off.” It turns out that’s pretty accurate. The photo I took was over an hour later after I was feeling much better. They didn’t allow pictures before then.

Getting sprayed and then having to defend myself, along with rigorous physical training, law enforcement education, and firearms instruction was required to qualify as a boarding team member at the station. Other than being sprayed, it turned out to be a great experience and I can now be more useful during my time as a reservist in Newport and abroad.

It took about 24 hours to wear off, but I can now say I’m much more prepared to handle a situation involving pepper spray. That’s the reason the USCG mandates law enforcement personnel be sprayed – it’s a stress test to ensure the officers are prepared. A little less painful, but just as important, is the “pepper-ation” we go through to make sure accounts are in good shape to handle either the next downturn or uptrend, in the stock market. The last few weeks we’ve continued making changes across all accounts to prepare for this.

Moderate and Conservative Accounts

In our more conservative accounts, we’ve continued selling individual stocks and replacing them with funds to provide more diversification. This will eliminate the stock specific risks while also helping to participate better with the stock market when it goes higher.

With the cash we received from selling, we bought a bond fund called First Trust Enhanced Short Maturity FTSM. We also bought a 4-year individual Bank of America Bond paying 3%. These investments were bought to maintain stability in case the market goes down in response to the global trade drama.

We’ve also been taking advantage of the guarantees that a few insurance companies are offering. Some that we’ve been looking at go up with the stock market to some extent, but cannot go below 0%. These annuities are not products we’ve typically been encouraging people to invest in (in fact, we’ve felt strongly against annuities for some time), but they’re now becoming more attractive as an acceptable bond replacement due to rising interest rates. There’s quite a bit more detail on these. We can provide additional information if anyone has questions.

 

Growth Stock Account

In the more aggressive growth accounts, the mandate is less about reducing volatility, and more about capturing as much growth and we can. Stress testing these accounts means looking to see what stocks are underperforming and replacing them with companies that could grow more.

Because of this we’ve sold a salt-mining company that disappointed us, Compass Minerals CMP, and replaced it with a company we’re very familiar with Intuit INTU. Intuit is a software company behind the online tax preparation company Turbo Tax (I’m a customer), the small business bookkeeping program Quickbooks (we use this in the office), and the budgeting website and app Mint.com (I also use this). Intuit seems to have the market cornered in these areas and we expect big things from them moving forward.

We realize summer is not the most compelling time to be focused on your investment accounts, but in case anyone has any questions, please don’t hesitate to contact us.

Thanks for reading,

Tim Porter, CFP^®

Another doosey in the stock market yesterday. Trade war fears based on the steel and aluminum tariffs are creating anxiety in stocks. The Dow dropped 1100 points in two days and is now down over 10% from its highs.

The fear is tit-for-tat escalation between the two largest economies in the world – China and the US – will slow down a growing global economy. Barclays reports that a trade war will drown out the positive impact of the tax cuts coming this year. Others are optimistic that the tough stance on China will be watered down, similar to the way the tariffs were scaled back after they were announced.

In looking through history we’ve found examples of numerous tariffs enacted and removed a short time later. To the right is a picture of Senators announcing the Smoot-Hawley Tariff Act of 1930, which added tariffs to 20,000 imported goods. Historians believe these exacerbated the Great Depression. These tariffs were repealed in 1934. In 2002 President Bush enacted a tariff of up to 30% on certain steel products and then abandoned the tariffs a year later in 2003.

We believe these stock movements are short term and the tariffs will either be scaled back or eliminated when Trump leaves office, if not before. So then once again, this is time for action, not anxiety.

Thursday we took advantage of this drop by buying Anthem ANTM, a heath provider serving 40 million clients in the growth accounts. Friday, we bought for the moderate clients the SPDR Portfolio Stock Market ETF SPTM. This fund approximates the S&P 500 and will benefit when the emotion dies down in the market.

Income Portfolio – Funds vs Individual Positions

Over the last few years we’ve wanted to sell some individual positions – like stocks and bonds – and move into more funds in the Income Portfolio. We’ve wanted to do this to increase diversification and participate in more growth. We’ve taken a gradual approach to this only adding a few funds, however, now that the Dow is down now over 10% from its highs, it’s a better time to make the switch.

Below is what we consider to be the Pros and Con of adding funds to that portfolio.

Pros: Increased Diversification Better Growth Potential Simplification – 15 Funds vs 30 Individual Positions Managers With Economies of Scale Fewer Positions Means Less Trading Costs

Con: Adding Small Internal Fund Cost

 

As you may have noticed in your mailbox, the trading has already begun. We anticipate more trades over the next weeks and months to finish making the transition. Once we finish this move, we should be in a better position to capitalize on future growth while also keeping volatility down with a larger fixed-income bond allocation.

Thanks for reading. Please call us if you’re having anxiety about the accounts and need a pep talk.

-Tim Porter, CFP^®

Looking to lease the last 2 offices in our Tigard building.

Financial services firm owns and occupies most the space. 

Plenty of parking, easy access off of I-5 and Haines St exit, restaurants nearby, newly updated with carpet, paint, lighting… and friendly office mates that will be barbecuing out front as weather permits!

Rent is all inclusive including the receptionist. Call or email Tim with questions: 503.387.3222 / tim@smb.financial

Ste E – 155sqft – $650/mo
Ste F – 155sqft – $650/mo

 

February was a month to forget in the investment world. Volatility finally returned and clients may want to hold their nose when they open their next statements. It was the worst month for the stock market in 2 years and our accounts were not spared unfortunately. The news that generated this bumpy month was growing inflation and higher interest rate concerns.

This was unpleasant, but not all that unexpected. Rates have been low and the market has been up for so long that eventually something’s got to give.

Growth Portfolio

Our Growth Portfolio, which is led by Matthew Coffina, CFA at Morningstar’s Stock Investor, continues to outperform. Even though it’s a more aggressive portfolio, it logged a smaller decline than the market in February of approximately 3% (depending on portfolio) to follow a great one-year performance.

We tried to make quite a few buys for those with cash as there were opportunities in the midst of the volatility. One sale was made to free up cash after the stock AmerisourceBergen ABC jumped on merger news. Future buys we’re considering from Morningstar’s list are Starbucks SBUX, Anthem ANTM and Enbridge Energy ENB. We’ll be looking to add those the next time the market has a pull back.

Moderate Income Portfolio

The less aggressive Moderate Income Portfolio, which is modeled after Morningstar’s Dividend Investor, continues to underperform due to the rate rise. Morningstar’s portfolio was down 6.5% and ours down closer to 5% in February. I believe it’s been almost 5 years since we’ve seen this kind of movement in this portfolio.

Our big problem with higher interest rates is not that they slow down home buying and the economy. Our problem is higher rates have adverse affects on bonds and the stocks of the more essential service industries like real estate, utilities, and telecom. These investments struggle with higher rates and they just happen to be the bread and butter of any income portfolio.

So, if rates are on the rise – for real this time – we need to position the Moderate Portfolio to weather the storm better (the Growth Portfolio is less affected). Below are three steps to help us do this:

1. Move away from interest rate sensitivity – We’ve already begun selling some of the low yielding positions and moving the cash into Wisdom Tree’s Growing Dividend Fund DGRW. It has a dividend of just under 2%, but it’s less interest rate sensitive and captured all the growth of the stock market last year. We will continue to do this as we see opportunities.

2. Allocate more to Growth – We’ve already moved a portion of some clients’ portfolio into the Growth Portfolio, but we want to discuss this with all the moderately risky clients as we make our upcoming calls.
3. Exchange bonds for guarantees – The last step is moving bond positions into a fixed account. One bright side to higher rates is we can now get 3.1% per year for 5 years guaranteed. The downside is it’s more paperwork and less liquid. We think it’s worth considering moving some, or all, of the bond portion of client’s accounts to protect against higher interest rates.

The net result of these changes will be no additional risk, but a better return over our 10-year analysis. This will reduce income from dividends but should help us offset the share price loss while rates are on the rise. When rates are back to normal – back above 4% on the 10-year treasury – we would look to maximize dividends once again.

Other News

Last weekend, I (Tim) got the chance to head to Seattle to be nominated for Reserve Enlisted Person of the for the Coast Guard. To my shock, they chose me to win the award for District 13 (Pacific NW) for my work as a Coxswain (boat driver), my work in leadership, volunteer work and education. It was an honor just to be nominated and even more of an honor to win. I’m now entered to win the award for the entire Coast Guard with the other 8 winners from around the country. I don’t know the exact details of when that will be decided, but I’ll be sure to pass along the results when I hear.

 

 

 

Finally, we had a great time at our open house last Wednesday. All of us at SMB want to thank everybody who came out and made it festive! We look forward to having the rest of you out to see the new space at our next meeting.

We’ll be working through our call list to try and talk with every client before tax time. We look forward to talking with you, but if something comes up before then, please don’t hesitate to contact us.

-Tim Porter, CFP^®

One year ago my wife and I (Tim) were fed up with the dreary winter and decided to put a sunny vacation on the calendar. We settled on the island of Oahu to enjoy the beaches and give me a chance to visit Pearl Harbor. After an endless 300+ day countdown we finally took the family on the trip last month. We had an absolutely incredible time, except for one little hiccup. Five days into our trip, eleven stories up in the Hale Koa Hotel, we got an alert on our phones – BALLISTIC MISSILE THREAT INBOUND…!! (See the screenshot of my wife’s phone below.)

As I tried to evaluate where the safest place to handle a nuclear missile would be, I came to the conclusion there’s probably no safe place (or at least very few) on such a small island. So instead, we pulled up some national news outlets, but there was no mention of the threat. Not one word.

Five stressful minutes later I found one random person on Twitter who said it was an error, and then 38 more stressful minutes later it was confirmed …False Alarm. Thank God!

The alert was a mistake, but it got my wife and I talking about what we should do in a real event. I still don’t know exactly what I should do with an inbound ballistic missile threat, but investment threats I’m much more comfortable with.

New Threat

In just the last few days we’ve seen a significant threat to the stock market. Higher interest rates, which slow the economy, were initially to blame for a wild few days, and then programmed trading and frazzled nerves seemed to make it worse. Stocks on Monday, Feb 5^th logged the 99^th worst day for the stock market ever in percentage terms (Wall Street Jounal), down 4%. The DOW is now down 7.5% from its high it notched just a week ago. Is this the end of the long up (or bull) market or just another false alarm?

If we look into the details, we are now in the fifth longest bull market in history (according to the First Trust chart below), which will turn nine years old March 9th. It turns out the average bull market is nine years old, so if we’re not at the end we’re at least getting close. This is likely making some investors nervous. Could the economy actually continue to grow with the tax reform that was passed last year? Or will the long anticipated rise in interest rates and political discord finally bring the good years to an end?

We, of course, have no way of knowing. Actually I can make the case for both the market falling and growing. Instead, we try to prepare clients for any economic situation using the British Army adage: Prior Proper Planning Prevents Pretty* Poor Performance (* a mild expletive was replaced to protect the innocent).

As we start the year, our proper planning includes looking backwards to see what we can do differently to improve our product and our process. In 2018 we believe one way we can do that is by spreading out into a more diversified group of products.

Moderate Portfolio

Some clients have already begun to do this. Our moderate (or medium) risk takers have little exposure to growth to keep volatility low. However, lower risk means lower returns as well. To help with that, we’ve been adding growth stocks to some of our client’s accounts who’ve expressed the desire to take on more risk and participate with the stock market. For those that don’t want to increase their risk level, we can now offset the additional risk by adding a guaranteed 3% option in the portfolio, thanks to rising interest rates.

A simplified version of our new Moderate Portfolio would look something like the pie chart shown. This will allow moderate risk takers to benefit from growth and be protected at the same time, while leaving most of the account in the consistent dividend-paying stocks that have done well over the long run. 

Growth Portfolio

Matthew Coffina, CFA at Morningstar, the predominant mind behind the Growth Portfolio, has done a great job keeping up and actually surpassing the stock market’s growth. Between him, Motley Fool, and a few other experts’ analysis, the more aggressive portfolio has been in good shape. The only changes we intend to make this year is to have cash ready to continue to buy if/when the pull back continues.

Conclusion

The most important thing we can do is be prepared emotionally for an eventual bad year. We thought we were due for one the last few years, but the market continues to defy our logic. With this latest selloff it feels like this could be the year. Regardless of how we feel though, the biggest mistake we can make is to become an emotional investor based on short-term news. Long-term investors need to be able to handle the bumps and we will do our best to help everyone through them whenever the false alarms prove real.

Other SMB News

• We are always trying to grow the number of advisors at our firm. We currently have eight advisors and have been in talks with multiple people who may want to join us. We look forward to adding another face in the office soon.
• The new building is coming along great and we plan to have an open house February 28^th between 1pm – 6pm. Please feel free to come by, have some food, drinks, and check out the new digs. Another invitation closer to the day of will be sent out with directions and times.
• Our firm broke through $100 Million in assets under management (AUM) this year. That’s a very big deal for us and has been our goal since we left Principal Financial Group in 2010 with $20 Million in AUM. Bruce and I are so thrilled to have such wonderful advisors, employees and of course our clients/friends to work with. We feel incredibly fortunate to work with such great people and look forward to many more years working together.

We’ll be working through our call list to try and talk with every client before tax time. We look forward to talking with you, but if something comes up before then, please don’t hesitate to contact us.

-Tim Porter, CFP^®

The last few months have been a whirlwind. After paying Lake Oswego rents and struggling to find parking for seven years, we finally found a better situation. In August we discovered an outdated building for sale in Tigard with more space and better parking. On October 25th myself (Tim), Bruce, and Jim Flad, a CPA who’s part of our firm, closed on the building. Since then we’ve been splitting our time demo-ing the 1980’s out of the building and coordinating sub contractors and employees to help us put it back together.

So far we’ve installed new lights, built new walls, added fresh paint, new windows, new doors, new carpet and this week a new reception desk. Before year-end we hope to have the ceilings finished up and new furniture in the waiting area.

On December 5th all eight of us moved from the Lake Oswego location and we’re now open for business in the new Tigard location. There’ll still be three offices left over which will be great for future expansion, but for now we’ll try and lease them to other small businesses.

It’ll take us some time to finish everything up, but we hope to have an open house some time after the New Year to show it off. Stay tuned for that invitation.

Growth Portfolio Changes

In the meantime, we’ve made some changes to the growth portfolio; selling one out-performer O’Reilly’s Auto Parts ORLY, which gained approximately 31% in the five months we owned it, and sold Express Scripts ESRX, a pharmaceutical processing company. We replaced the two with Disney DIS, a company that most are familiar with and a company we’re very excited to own with the news of the Disney-Fox merger, and United Health, a health insurance company that Morningstar thinks will have better growth prospects than Express Scripts had.

We’re finishing up the year working to make sure our over 70.5 year-old clients have their required minimum distributions taken out of their IRAs.  However, we’re always available to take any calls and answer any questions you might have as we wrap up the year. Please note our phone number is staying the same but the address is changing:

11535 SW 67th Ave Tigard, OR 97223

Merry Christmas and a Happy New Year!

-Tim Porter, CFP^®

As we look at the last quarter of the year it’s a good time to talk performance. While it’s been a great year for the stock market – up double digits in 2017 – the more conservative portfolios are not keeping pace. Even though risk has been rewarded this year, our less aggressive Income Portfolio is still outperforming the S&P 500 over ten years. The reason? Ten years back includes the Great Recession and that’s the reason, for some, to be conservative.

I want to evaluate why the Income Portfolio is lagging so far behind this year, discuss some redeeming qualities of this less aggressive portfolio, and then offer a suggestion if anyone is underwhelmed with their portfolio’s return.

Why is the Income Portfolio not keeping up with the stock market?

We use fine people at Morningstar to help us invest and they had mixed results this year. The Morningstar Hare Portfolio – what we base our Growth Account on – is doing quite well, up about 20%. However, the Morningstar’s Dividend Portfolio – what we base the Income Portfolio on – hasn’t kept up with the stock market, up approximately 4%.

Returns in the stock market this year have primarily been in growth companies, not big dividend paying companies. A lot of the companies Morningstar selects for their Dividend Investor Portfolio are utilities, real estate, oil & gas, and telecom. These are typically not known for their great growth potential and are bought more frequently for their consistent dividends, which is exactly why we own them.

With interest rates heading up now, the dividend-paying companies will be paying more interest on their debt and that negatively affects profits. We knew interest rates were going to be a headwind, but we’re comfortable with the risk. We thought the consistency of the growing dividends and relative safety of the essential service industries are a great place to invest for those with a moderate risk tolerance or who use the accounts to generate income.

Should I continue to invest more conservatively than the market?

The time to evaluate a more conservative portfolio is not in the 8^th year of an up market, which is where we are today. The best time to be conservative is during a downturn. Think 2001, 2008, and 2011. How close are we to the next downturn? We’re not sure.

This more conservative approach was a fantastic strategy in these ugly years, not so much in 2017. However, we can still make the case for staying in a moderate risk portfolio using the long-term graph. Let’s look at the track records of our target/model portfolios looking backwards ten years. These returns will differ from actual results and do not imply future performance:

Current Income Portfolio

(moderate risk):

1 yr return 3.6%,

3 yr return 5.15%,

10 yr return 7.75%

 

Current S&P 500 Returns

(aggressive risk):

1 yr return 18.6%,

3 yr return 10.8%,

10 yr return 7.44%

 

Current Growth Portfolio

(aggressive risk):

1 yr return 17.7%,

3 yr return 14.3%,

10 yr return 19.33%

 

Income Portfolio

As you can see, the 10 yr return of the Income Portfolio has kept up with the stock market while having less than 60% of the volatility of the stock market. This is because of the ugly 2008-9 markets, which hammered the stock market and left the Income Portfolio much better off. Without that time frame the Income Portfolio wouldn’t keep up.

There will be another downturn and the Income Portfolio will be the new favorite portfolio again. In order to participate more in growth years we are adding more funds. Just today we added a large position in an ETF called First Trust’s Dividend Leaders FDL because it’s had better growth. This should help increase returns in the growth years ahead. 

Growth Portfolio

On the other hand, the current Growth Portfolio is doing well by beating the stock market over 10 years with same volatility as the stock market. Matthew Coffina, CFA at Morningstar, has performed really well the last four years he’s been at the helm.

Another change we made on his recent recommendation is selling Time Warner TWX. This had a nice gain for those who’ve held it for more than a year. We are replacing TWX today with toy company Hasboro Inc HAS, which is down 9% today on ToysRus bankruptcy news and is highly touted by Motley Fool, another subscription we follow.

Can I take more risk?

A suggestion we’ve been making for those that feel like they can take more risk, is to invest at least a portion of their portfolio in the more aggressive Growth Portfolio we offer. We can, of course, move the whole portfolio, but this might not be appropriate. To accomplish this, we may need to create a separate account to keep the two portfolios separate.

Doing this can help some clients smile when the market races ahead, because they’ve participated in the runup. By moving only a portion of a portfolio, clients can also smile when we inevitably get “the” pullback, because they’re still invested in the more stable Income Portfolio.

I’m sure there are more questions out there. Please don’t hesitate to contact us to talk about your specific situation.

Thanks for reading,

Bruce Porter & Tim Porter, CFP^®

GE’s being sued for committing the cardinal sin of investment advisors… self-dealing, aka double-dipping. This filthy act resulted in a $700 Million lawsuit by a number of employees that used the GE 401k between 2011 – 2016. Just to put it into perspective, this lawsuit is seeking greater than 10x the largest 401k lawsuit ever paid. Lockheed Martin paid $62 Million to settle a similar lawsuit in 2016.

Is double-dipping really that bad? When George double-dips in the classic Seinfeld episode, the outraged Timmy makes clear double-dipping a chip, “is like putting your whole mouth in the bowl!” The same chip was never meant to collect two piles of dip and 401k providers are not meant to collect two piles of fees. As Timmy would say, “Just take one fee and end it!”

Another egregious example of double-dipping can be found in Washington DC. Politicians get paid to make decisions that are in the best interest of their constituents. However, all too often their pockets are lined with kick-backs in the form of campaign donations or promises of jobs after their terms are up. These gifts are made to mold legislation that benefit the corporations the lobbyists represent. When politicians double-dip, they have abdicated their responsibility to their constituents.

As an employer, when General Electric offers a 401k to employees there are strict rules to follow. Any employer in this situation must make decisions in the absolute best interest of the employee. It’s called being a fiduciary, and GE is being sued for failing their fiduciary duty in a couple ways:

• Put themselves first, not the employees. The lawsuit alleges the only reason the GE funds were in the 401k was because GE was making money on the funds. There’s probably some truth to this.

• Creatively compensating themselves in two ways: by charging fees to offer the 401k AND collecting fees to manage the investments as well. Here lies the double-dip. The fiduciaries that set up the plan and choose the investments should not get kick-backs on the underlying investments. That creates a question in the investor’s mind as to why the investments were chosen – Was it for performance or the kick-back?

• Mediocre results is allegedly what the employees were subjected to in the 401k. There were better mutual funds available that could have been chosen other than the GE funds. This may be true, but to be fair, my research showed two of the GE funds were actually pretty good. They were inexpensive and performed better than their respective indexes. That’s a win.

Here’s the thing, General Electric is not the only one double-dipping. This kind of behavior is rampant not just in 401ks – advisors do this to individual investors all the time. It drives us crazy.

At Retirement Income Advisors we are double-dip free. In fact, as a way to prove our value and earn people’s trust, we’re offering to do an evaluation of the GE 401k for any GE employee free of charge. We’ll provide our take on each mutual fund in the 401k line-up and offer what we would invest in if we were invested in it. If you’re interested please contact us at:

888-765-4015  or  Tim@joinria.com

To see what else we’re offering please visit Our Offer and click on Bernie below to learn more about us. 

Thanks for reading,

Tim Porter, CFP^®