AAM Newsletter – November 2021

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November 2021 AAM Newsletter

Hello and thank you for reading my e-newsletter.

I hope you find the information useful.  If you enjoy the newsletter please forward to a friend.   Please also let me know what you like to see so that I may continue to provide relevant content.

If you are a client of mine, thank you for your continued business and please update me on any changes in your situation do that I can make the appropriate changes to your financial plan and investments.

If you are not a client please consider giving me a call or emailing me if you would like to begin a plan to get you to your financial goals.  I consider myself different from many of the advisors out there for the following reasons:
1) You will not be pressured to purchase any products because I am a fee-only advisor and a NAPFA® Member (no commission sales)
2) You will have a comprehensive financial plan completed by a Certified Financial Planner ™ Practitioner or CFP® – I have committed to financial planning and continuing education.
3) You will have a reasonable fee for the services performed.  I charge less than the typical large financial planning firm by being a small shop and keeping my business expenses low.

Ronald J. VanSurksum, CFP®

For more insight on these groups and myself please click on the following links

Please see below for financial articles and tips


Stocks rebounded higher in October back into record territory on mostly positive 3Q earnings and despite lingering concerns over covid, inflation and a now tightening federal reserve.

Index performance                                       Oct 2021____    YTD 2021_

  • The S&P index                                 +6.91%                 +22.61%
  • Dow Jones industrial 30                +5.84%                 +17.03%
  • The NASDAQ Index                         +7.27%                 +20.25%
  • The Russell 2000 Small cap          +4.21%                +16.32%
  • EAFE International Index              +3.18%                +10.31%
  • The US Dollar                                   -0.10%                 +4.67% 
  • Oil                                                       +11.38%              +72.24%
  • Gold                                                    +1.59%                 -6.13%
  • 10-Year Treasury Yield                   1.65%                   0.92% on 12/31/2020
  • 30-Year Treasury Yield                   2.08%                   1.65% on 12/31/2020                   

Volatility was moderately high in October for the S&P 500 index.  The index began at 4,307, fell to a low of 4,300 on 10/4 before rallying to 4,605 at month end for a difference of 305 points or about 7.00% from low to high.

Technology stocks lead the way higher while value stocks, international and small company stocks lagged.

Oil and gold were both higher while thew US dollar was flat and interest rate rose.

I expected October to continue some of the slide we saw in September but markets quickly turned on the first trading day of the new quarter.  Congress reached a deal to push the debt ceiling off a few months and positive 3rd quarter corporate earnings added to the enthusiasm.  I now expect the market to flatten out for the rest of 2021 and become more volatile in January when the calendar turns.  Stay diversified!

Please contact me if you have questions or simply just wish to talk about your plan.  I can meet you in my office or virtually over the computer and I am here to help!

Recent US Economic Data

US Manufacturing – ISM manufacturing fell but still beat expectations.
Jobs – The October payroll report came in above expectations adding 531,000 jobs, unemployment fell to 4.6% beating estimates and average hourly earnings were 0.4% higher.
Housing Prices – Both Shiller and FHFA home prices rose with Shiller home prices missing expectations.
Housing starts – Both building permits and housing starts fell and missed expectations.
Existing home sales – Rose and beat estimates.
GDP – 3Q GDP first estimate came in at +2.0% missing estimates.
Retail Sales – Rose more than expected.
Leading indicators – Rose less than expected.
Durable goods orders – Fell a little less than expected.
Inflation data continued mostly hot – producer prices rose less than expected, consumer prices rose more than expected, import and export prices both rose, unit labor costs were higher than expected  while PCE prices rose and matched expectations.

For weekly market updates please visit my blog at www.aamllc.com  

Mortgage Rates
Mortgage rates were lower over the last month.   The national average on mortgage as per Bloomberg.com shows the 15-year rate is now at 2.40% and the 30-year rate is at 3.07%. These rates are as of 11/15/2021 and may include points.   

CD Rates
CD rates were higher over the last month.  Charles Schwab has access to CD’s from banks all over the country.  Here are some of the current CD rates offered.

6 mo CD @ 0.15%            1-Yr CD @ 0.20%

2-Yr CD @ 0.50%            5-Yr CD @ 1.15%

Tips and Suggestions

The next quarterly estimated tax payments are due 01/15/2022 for the 4th quarter of 2021.  Go to www.IRS.gov to make your payment today (if needed).

Medicare open enrollment has begun!  You have from October 15 to December 7 annually to review and update your Medicare supplement or Advantage coverage.  Let me know if you need help getting this done.  I can introduce you to an expert.

It is time to start planning for 2022!  What would you like to accomplish next year?  How much to you want to save and home much do you need to save to reach your financial goals? 

Time to check your retirement contributions.  Develop a cash flow plan to maximize your health savings account, 401k, 457, 403b or IRA contributions for 2021.

Is your estate plan up-to-date?  This is a good time to review your estate plan and update your beneficiary designations.

If you have a child attending college next fall it is FAFSA time once again beginning 10/1.  The sooner you fill out your FAFSA the better chance you have for financial aid.

Do you have children age 18 years or older?  You may want to plan for an emergency by obtaining HIPPA authorizations or power-of-attorney so that you can get health information, if needed.

ABLE accounts are now available in the State of Michigan.  ABLE accounts are for certain individuals with disabilities to accumulate funds for their long-term needs without disqualifying themselves for Medicaid.  Check it out at www.miable.org or give me a call.

When is the last time you reviewed your insurance plan?  Is your disability income keeping up with your income?  Do you have any term life insurance policies expiring soon?  Do you need additional coverage or less coverage?  Let’s discuss.

Are you on track to meet your financial goals?  Do you have a plan to get you where you want to be?  If you do not you may not reach your goals.  Let’s make a plan to Maximize your financial potential.

Do you need a debt payoff plan?  Let’s work on one together.

Need help with your 401k?  We can do a virtual meeting to allow me to help review your 401k online and help you rebalance.  We can access the plan together online, I can give you control to log in and then we can discuss and make changes together.  Let me know if you want to discuss!

Are your cash reserves earning less than 1%?  Consider a short-term US treasury fund, municipal bond fund or corporate bond fund to give your secondary cash reserves a yield boost.

If you have any questions or if you would like to have help with your financial plan please give me – your Fee-only Certified Financial Planning ™ Practitioner – a call.

Useful Links

Work on Your Financial Plan:  


View Your Schwab Accounts:  www.schwab.com

Check your risk tolerance:



All articles are now found on my website blog: www.aamllc.com

Social Security Tips – September 2021

Social Security – How Much Could You Lose by Drawing Early

Halloween: More than Kids, Costumes and Candy

Withdrawing Savings Too Soon Could Be Costly

Micro-Saving – Savings Cents Makes Sense

Shouldn’t My Social Security Check be Enough?

Your Money: Put it to Work for You

Jargon – Code Language for Investing

Invest in the Stock Market …  On the Installment Plan

Contact MeDo you want more information on how I can help you?  Give me a call or drop me an email to review or set up a free initial consultation.

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Get LinkedIn www.linkedin.com/in/ronaldjvansurksum
Weekly Blog Updates and My Website www.aamllc.com

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Advanced Asset Management
4555 Wilson Ave SW, Suite 2
Grandville, MI 49418

Phone: (616) 531-5220