July Monthly Newsletter

HEALTH, WELLNESS AND INDEPENDENCE
Holding Your Temper
Investor Warren Buffett on holding your temper:

"My good friend and hero, Tom Murphy, had an incredible generosity of spirit. He would do five things for you without thinking about whether you did something for him. After he was done with those five things, he'd be thinking about how to do the sixth. He was also an enormously able person in business and was kind of effortless about it. He didn't have to shout or scream or anything like that. He did everything in a very relaxed manner.

Forty years ago, Tom gave me one of the best pieces of advice I've ever received. He said, "Warren, you can always tell someone to go to hell tomorrow." It's such an easy way of putting it. You haven't missed the opportunity. Just forget about it for a day. If you feel the same way tomorrow, tell them then—but don't spout off in a moment of anger."

Clean Living and Red Wine
Jess Harris just celebrated her 99th birthday on the golf course. “Clean living, good eating and a red wine with dinner,” is how she describes the secret of her longevity in the sport. (More)

Vitamin B12, Folic Acid, & Choline May Protect An Aging Brain
A scientific review published in the journal Nutrients calls out three compounds in particular—vitamin B12, folate, and choline—that may provide an extra layer of protection for the brain when supplemented in the diet. (More)

Upcoming Medicare Changes for 2025
Among the most exciting— the out-of-pocket spending limit of $2,000 on prescription drugs. (More)

FINANCIAL NEWS
Trump to Eliminate Taxes?
On Social Security benefits for seniors and tips for service workers. (More) Did you know the thresholds that determine taxation on Social Security benefits have not been adjusted since creation? They were meant for the higher income earners, however over the years more and more people are taxed on their retirement benefits. (More)

US National Debt Hits $35 Trillion
Since January 2020, the debt has ballooned by 50%. Of the total $35.0 trillion in Treasury securities outstanding, a $7.16-trillion portion is held by government entities, such as government pensions funds, the Social Security Trust Fund, etc. The remaining $27.84 trillion is “held by the public.” The public includes international investors and central banks, which hold a record $8.1 trillion; plus the Fed, which holds $4.4 trillion; US banks; money-market funds; bond funds; insurers; other institutional investors; and individuals. (More)

Magnificent 7 Have Shed 11% Since July 10th However they’re still up 40% from last July. Some analysts suggest long-term trends show that this rotation away from tech won’t last forever. (More) Interest rates are holding steady for now and possible cuts we’re indicated to come later in the year. What sectors could benefit from interest rate cuts? (More)

What Will the Social Security COLA Raise Be for 2025?
Every October, the Social Security Administration determines the cost-of-living adjustment, or COLA, for the following year. The Senior Citizens League estimates the COLA for 2025 could be 2.63%. (More)

Bonds Have Been Sinking. Do They Still Have a Place in Your Portfolio?
Bonds were supposed to be safe, predictable, and boring: the perfect antidote to mercurial stocks. Lately, though, bonds have felt anything but safe. According to the Vanguard Total Bond Market Index – between lost bond value and inflation – bond returns went down by 20% in 2022 (the worst performance in 97 years according to a NASDAQ analysis). (More)

Postage Just Went Up
The price of a postage stamp just went up again. The US Postal Service increased the price of a Forever Stamp to 73 cents, up from 68 cents.

SUREFIRE NEWS AND UPDATES
Lilah Joy
Our new addition is on her way— expected August 2nd. Preparation has been set in order. When the new bundle makes her debut, there will be a least a couple weeks of adjustment time needed for Lacey for the new transition to motherhood. For immediate attention, please reach out via text or call to the office line 772-267-7797 or Trenton Southworth 772-475-0290. Thank you tremendously for your consideration and understanding!

FOR FUN
This week in history

• 1949 – The NBA was born with the merger of the Basketball Association of America and the National Basketball League

• 1961 – The first Six Flags park opened in Texas.

• 1973 – American Graffiti was released in theaters.

• 1975 – Labor leader Jimmy Hoffa was reported missing.

• 1981 – MTV went on air for the first time with the words, “Ladies and gentlemen, rock and roll.”

What did a comic book cost?

• 1974 – 25 cents

• 2004 - $2.99

• 2024 - $4.94

COMMUNITY EVENTS

Golf Event–Seth Ray Attempts World Record
Seth Ray, former golf professional and the visionary Founder/CEO of go.build.love, is gearing up for an extraordinary feat: completing 486 holes of golf in just one day.
All Day Monday Aug 5, 2024
Sailfish Sands Country Club

New Farmers Market- Jensen Beach Campus
Every Sunday from 9am-2pm
3750 NE Indian River Dr (Across from Circa69)

Sketchers & Painters- See the Magic Unfold
Interact with more than 20 artists who will be stationed throughout the Elliott Museum, as they Sketch & Paint live in a diversity of mediums such as watercolors, oil, acrylic, gouache, graphite and ink. Discover, Experience, Engage and Be Amazed as art unfolds before your eyes!

August 10th, 2024 1:00PM - 4:00 PM
The Elliott Museum
825 NE Ocean Blvd
Stuart, FL  34996

Backyard Forests Plant & Seed Swap
TruGreens Landscape Designs aka Sean, Miranda & their two daughters Adara & Nahya, specialize in empowering people to grow their own food.
There will be an overview of how to create an edible landscape and rotating sub topics on all things related to successful food growing. $20 per person (or per family)

Every 4th Saturday (August 24th) 1pm-2pm
Spirit Well Sensory Lounge
872 South Colorado Avenue
Stuart, FL  34994