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 »
May 25th, 2018

How Investing is Like the Indy 500

Photo credit: Robert Rescot The Greatest Spectacle in Racing, the Indianapolis 500, returns to the Indianapolis Motor Speedway (IMS) this weekend for its 102nd 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 »
Apr 3rd, 2018

Here’s the Good News About the Stock Market Being Down

The stock market was down about 2% yesterday and, believe it or not there was a headline – “The Stock Market is Having its Worst Second Quarter Since the Great Depression”. The quarter literally started yesterday. This is the type of negative and doom and gloom type stuff you’re going to see. It’s no wonder … more »
Feb 21st, 2018

Eli Lilly Employees: Got A Roth 401(k)? You Should Know This

Roth 401(k) withdrawals Qualified distributions from a Roth 401(k) may be taken tax free. A withdrawal is considered qualified when it is made after the account holder has attained age 59½ and a minimum of five years have elapsed since January 1 of the year of the first contribution to the Roth 401(k) account. Here’s … more »
Feb 9th, 2018

Remarks About Stock Market Pullback

  We may have forgotten what a bumpy ride the stock market can be. The last few days have been a good reminder, with some rather large declines. We’d like to provide some perspective on this. First, don’t let the big numbers get to you. As the market has risen over the last several years, … more »
Jan 26th, 2018

Tax Cuts and Jobs Act of 2017: What Taxpayers Need to Know

CLICK HERE for a downloadable PDF of this article On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act of 2017 (the act or TCJA). The legislation makes significant changes to the Internal Revenue Code (IRC), including individual, corporate, and gift and estate taxation. Individual income tax changes Under the TCJA, the … more »
Dec 6th, 2017

Important Things to Remember for VERP Participants

  CLICK HERE for a downloadable PDF of this article Congratulations on your acceptance to Lilly’s Voluntary Early Retirement Program (VERP). To ensure a smooth transition for your retirement we have listed a few things you will want to consider before and after separation from Lilly.  Please keep in mind some of these items may … more »

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