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Oaktree Financial Advisors Blog

A Message About the Markets

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We understand that you may be feeling uneasy about what is happening in our financial markets, but let us reassure you that nothing happening today is unprecedented.

We staunchly believe that the key variables in a rational investment strategy are your goals and your investing time horizon.

The prudent thing to do is to let the volatility take its course and hang in there. Patience and discipline are two of the most important factors for long-term investing success. It is at times like these that patience and discipline become most important, but it is also when they can be the most difficult to practice. Our portfolios look to provide returns over the long-term to long-term investors over their remaining lifetimes.

Why Your Lilly Supplemental Life Insurance May Not be the Best Deal: A Real Life Example

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*Oaktree Financial Advisors is neither endorsed by nor affiliated with Eli Lilly

Another great example of how Lilly employees can save money with private insurance. By using life insurance purchased on his own instead of through Lilly's supplemental life insurance this client can save over $1,200 the first year and more than $30,000 over the next 10 years. Here's a link for a better view. Click Here

Four Things Every Lilly Employee Should Know

Written by Ed Snyder on .


*Oaktree Financial Advisors is neither endorsed by nor affiliated with Eli Lilly

We all have busy lives and because of that we all have things that we should be doing that don't get done. Even with the best of intentions to do these things we run out of time or forget or sometimes maybe we just don't even realize we should be doing them.

With that in mind, here is a list of four things you should know about if you are an Eli Lilly employee.

1. 7 Times Your Salary Is Not Enough Life Insurance - Lilly provides you with two times your base salary in life insurance and you can purchase up to an additional five times your base salary. I think sometimes people think that since they are purchasing the maximum they can that that's enough. It's probably not. Life insurance should be the foundation of your financial plan, not an afterthought or an add on. Protect your family by making sure you have enough life insurance. How much is enough is best determined as part of an overall financial plan, which leads us to number 2...

Memorial Day - We Remember

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On Memorial Day we pay tribute to those who gave the ultimate sacrifice so that we may be free. Let us remember and honor our heroes.

8 Money Rules for Newlyweds

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We're coming into wedding season and if you're tying the knot this summer here are 8 money rules to get you started off on the right foot as you begin your new life together.

  1. Pool the money – You're married now. The money is "ours" not "mine". You're on the same team and teammates work together. The money belongs to both of you. If you go into it with this mindset you should do well.
  2. Use a joint account – Do not have separate accounts. Have your paychecks deposited to your joint account and pay your bills and do your spending from this account. The money you earn is for the household, not just for you.
  3. Create a budget – Spend your money on paper first so you know where it is going. If you make a budget that you both agree on this can minimize arguments over money.
  4. Communicate a lot – Talk about your budget. Talk about the money and where it's being spent and what your plans are with your money. Discuss your short term goals like next year's vacation and your long term goals like retirement. The more you keep the lines of communication open, the less likely you are to fight about money.
  5. Compare benefits at work – You both came into the marriage with benefits your employer provides like life insurance, health insurance, 401(k) and more. Make the most of those benefits as a couple. Compare what each of you has and see how it's best to use the benefits. For example, one spouse's employer may have much better health insurance than the other's or maybe one 401(k) has much better investment options or a better match than the other.
  6. Plan for the unexpected – Have an emergency fund so that if you have an expensive car repair or the furnace needs replaced or one person loses their job you have money to cover it.
  7. Pay yourself first – Get into this habit early on. Save money in your retirement plan at work for retirement and in your savings account for your emergency fund and other short term goals before you pay your bills and spend your money. If you try to save what's left after paying bills you won't save enough.
  8. Realize the difference between wants and needs – You don't "need" brand new furniture to set up your newly formed household. You want it. But you do need to save for an emergency fund and pay off any credit card or student loan debts you have.

Do these things from the beginning of your marriage and you'll establish good money habits and a strong financial foundation for your family.