Sharon Calhoun, managing director at Vector, is joined by senior housing counselors Liz Rue and Lisa Woltrang from Folkestone, a senior living community in Wayzata. In this conversation, they emphasize the necessity of discussing transitions during times of calm rather than crisis, allowing for thoughtful decision-making. According to the Administration for Community Living, 70% of adults over 65 will require long-term care at some point, with an average stay of 3.2 years in a senior living community. Liz and Lisa highlight that senior living isn't just about nursing home stays but encompasses a range of options for active, maintenance-free lifestyles. They emphasize starting the process early, exploring various communities to find the best fit, and preparing for potential future needs. The discussion addresses the financial aspect, noting that senior living costs can range from $4,000 to $13,000 per month, depending on the level of care and services required. When thinking about a senior living community, Liz and Lisa suggest starting with what's important to the individual, such as proximity to family or community amenities, and then seeking guidance from housing counselors. The importance of experiencing different communities firsthand is underscored, as is the practicality of being on a waitlist without immediate financial obligation. - Start Time ... Topic Title 00:09 ... Choosing a senior living community 00:40 ... Folkestone‘s Liz Rue and Lisa Wotrang 01:08 ... Who will require long term care 03:09 ... When to consider a senior community 04:21 ... Control over that part of your life 05:42 ... Full continuum of care 07:05 ... Where to Start 09:16 ... Feeling Well & Vibrant 10:47 ... Staffed 24 Hours a Day 11:49 ... Wait List 14:12 ... Start here, Move there 16:13 ... Financial Considerations 19:23 ... Contracts. When to get family involved. 21:40 ... Seriously, Start Early 23:51 ... About Presbyterian Homes 25:48 ... Additional Resources 27:20 ... Regulatory   About Liz and Lisa Liz Rue and Lisa Wotrang are housing counselors for Folkestone, a senior living community in Wayzata which is part of Presbyterian Homes and Services. They assist those who are looking for senior living opportunities by offering education and resources to ensure the community aligns with the senior and their family’s needs and vision. They also support prospective residents and representatives through decision making process for the higher levels of care such as assisted living and memory care. Learn more by visiting the Presbyterian Homes website www.preshomes.org. Note: Vector Wealth is not affiliated with Presbyterian Homes. We would love to have you as a regular podcast listener. Please share and subscribe to Vector’s Well Balanced on Apple Podcasts or Spotify.

In our latest podcast episode, we talk about the Federal Reserve's recent stance on interest rates, sparked by Federal Reserve Chair, Jerome Powell's remarks this week. Contrary to the anticipated rate cut in March, Powell suggested such measures might not be immediately necessary, stating, “We don’t have a growth mandate.”  The Fed’s comments have led to a recalibration of market expectations, underscoring the ongoing and significant influence that the Federal Reserve's outlook has on financial markets. Our in-depth discussion touches on the broader economic context, particularly the U.S. debt situation. With the national debt at a staggering $34 trillion, we explore the challenges of refinancing a significant portion (~30% in 2024) of this debt in a potentially higher interest rate environment. This scenario is of interest (pun intended) given the recent uptick in Treasury borrowing costs and yields, which have risen from historically low levels in the past few years. Our view: The anticipation of future rate cuts, even if delayed, remains a key factor in forward-looking stock markets, affecting stock volatility, bond yields, and investor sentiment. Watch or listen to the full episode for more on the current economic and financial landscape. We spend time on the critical role of interest rates, market expectations, and the broader implications of the U.S. fiscal situation. Specifically: a projected one trillion dollars of interest payments currently expected in 2024. Time Codes … Chapters:00:16 … Fed Comments01:52 … Pen Mightier Than Sword03:22 … When Lower Interest Rates?04:13 … Bi-Monthly Treasury Debt Auctions 06:28 … The Costs of Borrowing09:10 … Treasury Credit Card10:40 … The Risk-Free Rate13:08 … Markets are Forward Looking14:18 … After All Time Highs16:01 … Politics 202416:55 … Price Swings Tend to be Clustered

Our Market Perspective this week covers several topics focused on markets and the economy. The timestamps and chapters listed below mark specific sections for easy access to topics. Otherwise, start from the beginning and enjoy a rich discussion of context and perspective. Times and Topics (minutes : seconds ... chapters) 00:10 ... Put me in Coach 01:23 … Market Update 02:00 … Q4 Performance 04:06 … Magnificent 7 & Breadth 07:47 … Interest Rates 13:45 … After High Rates 16:35 … Inflation & CPI 21:54 … Consumer Balance Sheet 30:09 … Election Years & Returns 33:47 … Time in the Market vs Timing Markets 35:19 … Levers & Outlook 38:57 … Regulatory Information   Please contact us at [email protected] or leave a voicemail at (612) 484-5399 about the show. Questions are welcome. We’ll aim to incorporate your feedback into future episodes. This discussion was recorded on January 18th, 2024, with Vector’s Jason Ranallo, CFA® and Communications Director Ezra Firkins.   V24019089 vectorwealth.com/regulatory

Key Take Aways A concentrated position is when a single investment, often a stock, makes up more than 10 percent of a portfolio. Concentration introduces a risk factor to the portfolio where the loss-of-value in a single position could materially impact the overall performance. Selling a concentrated position may have tax consequences depending on the type of account where the investment is held. Charitable contributions, multi-year disposition planning, and option strategies may be considered to lower potential tax burdens. *Individual circumstances may vary. Vector's Joe Grochowski, CFP® and Jason Ranallo, CFA® discuss Concentrated Position inside a portfolio. Visit our blog for videos and more: vectorwealth.com/posts/fyr-concentrated-positionRegulatory information at vectorwealth.com/regulatoryV24011088

Investors, broadly, make rational decisions sometimes. For all the other times, emotion plays a part. This is not new; this is part of the reason markets go through cycles. The image of a sine wave with its peak and trough can be a useful way to visualize the glory and agony of participating in financial markets. It's normal to feel a range of emotions as we internalize the performance of our portfolios.