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Updates

May 23rd, 2019

How the Indy 500 is Like Investing

Ed Snyder, CFP®, ChFC The Greatest Spectacle in Racing, the Indianapolis 500, returns to the Indianapolis Motor Speedway (IMS) this weekend for its 103rd running. I’m a big fan of the race, the history of the race and the track itself. Just as I’m a student of the history of the track, I’m also a … more »
Mar 1st, 2019

What Are Restricted Stock Units and What Do I Do With Them if I Receive Them?

Ed Snyder, CFP®, ChFC Over the last couple of weeks, many Lilly employees have received shares of Lilly stock from Restricted Stock Unit (RSU) awards. Often-times we find confusion among people about what exactly Restricted Stock Units are and what people need to do with them. RSUs are not like stock options that were much … more »
Oct 17th, 2018

HSA or HRA?

Eli Lilly employees – It’s open enrollment time. One area I urge you to pay special attention to is your health insurance election. All year long I talk to people about the value of using a Health Savings Account (HSA) for health insurance. The problem is that you only have three weeks (October 15 – … more »
Oct 12th, 2018

Our Thoughts on the Market

The stock market was down 5% over the last two days measured by the S&P 500 and it’s a good reminder that markets go down. Sometimes we can get lulled into forgetting how normal market declines are. I don’t know where it goes from here. We can’t predict the future. We can only prepare. This … more »
Aug 15th, 2018

Specializing In Everyone?

Over the weekend a MarketWatch article discussed why financial advisors should be specialists, not generalists. Check out financial advisers’ websites and you may notice a common theme: They define their market broadly. In many cases, advisers describe their firm as serving people of all ages across a range of professions who seek financial freedom and … more »
Aug 10th, 2018

Why the Elanco IPO Announcement is Good for Everyone

Since taking over as CEO of Eli Lilly in January 2017, Dave Ricks has undertaken quite a few changes, the latest being the announcement that Lilly will spin-off it’s Elanco division as a separate company through an IPO (initial public offering). Lilly considered three options for Elanco: holding it, selling it or the IPO. Good … more »
Jun 26th, 2018

How to Invest My Lilly 401(k)

The income that you live off of during retirement will come from three sources; your Lilly pension, Social Security, and the money that you saved in things like your Lilly 401(k), IRAs and other investments. For most people, the 401(k) will be their largest asset to meet their retirement income needs, so it’s important to … more »
Jun 21st, 2018

What to do if Your Pension is Frozen or Terminated

Steel monster- Terminator. Photo by Rostislav Kralik In 2017, only 16% of the Fortune 500 companies offered a traditional pension plan to employees, compared to 59% in 1998*. While the use of pension plans is on the decline, among pharmaceutical companies those numbers are much better, with 50% of companies still offering pension plans – … more »

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