Lettin & Company, Inc.

Lettin & Company, Inc. Lettin & Company, Inc. Robert’s optimistic outlook on finance, investing and economic issues makes his company frequently sought after to work with investors.

is a multi-faceted investment organization that provides a 360 degree solution for transforming and leveraging the financial practice, including marketing, asset management, back office solutions and more. Since the doors opened in 1997, Lettin & Company, Inc. have used an investor coach approach: educate and mentor investors and they will be ready to make better decisions with their finances. Pea

ce of mind investing along with several decades of advising financial management experience put Lettin & Company, Inc. in the front seat to manage, and develop a stronger portfolio.

Once you have a retirement plan in place, it's essential to focus on all the things money can't buy.Here are 3 things ha...
09/24/2021

Once you have a retirement plan in place, it's essential to focus on all the things money can't buy.

Here are 3 things happy retirees do – besides dutifully saving the money they’ll need to finally quit the 9-to-5 grind.👇

🧘‍♀️Happy retirees work at staying healthy

It’s never too late to get moving and eating right. Regular walks are associated with lower blood pressure and reduced risk of dementia, as well as increased longevity and creativity.

🗣Happy retirees stay social

Hobbies and activities with people we like can boost life satisfaction, especially when our social networks shrink after leaving the workforce.

You can find many ways to stay connected by participating in social events at your local community center or library.

📚Happy retirees never stop learning

Experts believe that ongoing education and learning new things may help keep you mentally sharp simply by getting you in the habit of staying mentally active.

Try something new that you enjoy. Consider taking a class from a senior center or community college, or learning to play an instrument.

You know the saying: "Money can’t buy happiness."Contrary to popular belief...This is just as true in retirement as it i...
09/22/2021

You know the saying: "Money can’t buy happiness."

Contrary to popular belief...

This is just as true in retirement as it is during your working years!

While money is an important piece of being able to afford retirement in the first place, 𝗽𝗿𝗼𝗽𝗲𝗿 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 is key to feeling confident and happy in retirement.

Here are my 3 tips for a happy retirement!

🏁Set your goals

Your dream retirement should not feel elusive. When setting your goals for retirement, be specific. Visualize exactly what you want to do in retirement, and compare goals with your spouse to see if you’re on the same page.

👨‍⚕️Make health care a priority

Life expectancy for both men and women is increasing. While that may sound like good news, living longer costs more and can lead to more worry about whether your money will last. This is why long-term care should be part of your comprehensive plan.

👨‍👩‍👧‍👦Take care of your family

You don’t need to be wealthy to have an estate plan. Whether you’re a millionaire or someone with an average 401(k), you need an estate. Documenting your wishes with an estate plan is an important part of feeling happy and confident in your golden years.

Who Needs Umbrella Insurance Coverage, and How Much Is Enough? 🤔Umbrella insurance is an insurance policy, not required ...
08/30/2021

Who Needs Umbrella Insurance Coverage, and How Much Is Enough? 🤔

Umbrella insurance is an insurance policy, not required by most state laws. Even so, there are specific reasons you might want to seriously consider obtaining umbrella coverage👇

🤕Visitors could injure themselves on property you own.

Do you own, rent, or loan things that can lead to injury?

If you have a pool, ATV, trampoline, or dog, you could be liable for major expenses if somebody gets hurt on your property.

👨‍💼You’re responsible for others — and thus at risk of being sued.

If you’re a landlord, a kids’ sports coach, or someone who serves on the board of a nonprofit, your responsibilities might put you in a vulnerable position.

Umbrella coverage can help offset any major expenses you might incur through this work.

📸You’re kind of a big deal.
If you need to protect yourself from defamation lawsuits, (such as libel or slander) consider umbrella coverage. Those proceedings can get costly quickly!

Once you know you need a policy, determining the right amount is fairly simple:

Subtract your respective liability coverage limit from all assets at risk, including home equity, investments, and savings.

A negative result indicates a gap in coverage, which umbrella insurance can help fill😁

How many of us have been planning for retirement since the first day of work?*raises hand* 🙋‍♂️But have you researched t...
08/27/2021

How many of us have been planning for retirement since the first day of work?

*raises hand* 🙋‍♂️

But have you researched the top retirement planning tips to help maximize your goals?

Back in our parents’ day, many companies paid into pensions so that once employees turned 65, they could walk out of the office for the last time.

Those days are long gone…😔

Sadly, modern retirement saving is mostly self-driven. You get out what you put in, and not doing it correctly could mean retirement is way farther away than you want — if ever!

Here are 3 things you can start doing to ensure you retire when you want and how you want.

💲Maximize your 401(k) employer match.

If your employer offers a retirement plan, make it your first priority to take advantage of the entire match.

💲Aim to save 15% per year.

My rule of thumb is to try to save 15% of your pre-tax income for retirement. That includes your contributions to workplace plans and any additional IRAs.

If you're not yet able to save the full 15%, don't worry—just try to make small cuts in everyday spending.

💲Automate your contributions.

One of the easiest and most popular ways to make saving a regular habit is to set up auto-contributions, so you never have to think about it.

Can you retire when YOU want to?You may have been out of school for a very long time, but here’s another “pop quiz”…Ther...
08/25/2021

Can you retire when YOU want to?

You may have been out of school for a very long time, but here’s another “pop quiz”…

There are many things that can affect the answers. Do you know if:

💲Income taxes go away when you retire?
💲Social security benefits are, or are not, sheltered from taxes?
💲Tax consequences apply to you if you don’t start to withdraw your pre-tax savings at age 70½?

Leaving school doesn’t stop people from learning.

It means answers must be sought from somewhere else instead of a teacher in a classroom.

Taxation after retirement is a complicated subject, there is a lot of information available. I read voluminously in the field each week and am always looking for answers to those tough retirement questions.

Our FREE evaluation of your retirement plan will help you decide if there are more answers to the pop quiz!

Feel free to give us a ring at 503.925.0554 to set a time to ask questions and find some answers. 📞😁

People nearing retirement have a lot on their plates.🍽Between mortgages, adult-age kids and other responsibilities, it c...
08/23/2021

People nearing retirement have a lot on their plates.🍽

Between mortgages, adult-age kids and other responsibilities, it can be hard to prioritize everything...

However, it's never too late to prepare yourself for those golden years.

If you're in your 50's consider these tips if retirement is on the horizon!🌅

📄Lengthen Your Long-Term Plan
These days, some people who retire in their 60's live until they're 90 years old. That's a 30-year gap of time you'll need to fill with meaningful experiences and, well, money.

Don't retire without knowing what you want to do with the rest of your life -- and how you'll afford it. Start preparing a retirement plan that will last you decades.

🔁Automate Your Savings
Automate savings each month to increase your retirement contributions without much effort.

Not only is it one of the best ways to save for retirement, but automating savings is a less painful way to save -- and you'll hardly notice the money is missing.

💸Pay Yourself first
The golden rule of personal finance is to pay yourself first, and it's especially important when it comes to saving for retirement.

It's the most effective way to build a large nest egg.

So, before you pay the mortgage or any other bill, be sure to put some money into your retirement fund.

08/19/2021

The beautiful thing about getting older and rising through the ranks of your profession is that it puts your car dreams within reach.

Whether you’re looking to pick up the dream car you had on your wall when you were a teenager, or waiting until the price is right for a more recent model that you’ve been keeping your eye on, planning for that not-so-necessary purchase is critical, especially in pre-retirement.

From a 2021 Alfa Romeo to a 1970 Porsche 911, the cars of our dreams tend to take a front seat in our minds as we get closer to retirement.

➡️Nearly 30% of new vehicles sold in 2020 – from electric to SUVs – were sold to people 65 and older.

➡️With an average sticker price of $83,850, luxury or classic cars require thoughtful planning before purchase. (https://bit.ly/3ed3Cg0)

If you haven't saved for years to pay cash for that car, the loan and other associated expenses could become an unplanned burden, especially for retirees living on fixed savings.

We suggest buyers set up a goal-based plan before signing that title, so those golden years are smooth cruising!

08/16/2021

“I do not fix problems. I fix my thinking. Then problems fix themselves.” Louise L. Hay

Do you sometimes think if you can just solve one problem you are dealing with, whether big or small, then all will be fine?

But when you pass that hurdle, there always seems to be another problem to deal with, and sometimes numerous problems at once!

I have thought about this and have come to the conclusion that problems are just a part of life.

There will always be ups and downs, brambles and thorns, but that’s a good thing!

Because overcoming challenges brings growth.

Overcoming one challenge seems to give us more ability and confidence to fight the next beast!

As we all know, college requires a hefty investment for most families...According to the nonprofit College Board, the av...
08/12/2021

As we all know, college requires a hefty investment for most families...

According to the nonprofit College Board, the average cost for a SINGLE year at a four-year public college/university in the U.S. for 2019-2020, including fees and room and board, was:

💰In-state: $21,950
💰💰Out-of-state: $38,330
💰💰💰Private college: $49,870

These eye-opening costs have caused most parents to take a fresh look at the strategies they use to help pay college bills.

With that being said, I wanted to share some different college funding strategies I've used with clients in the past👇

➡️Starting a 529 Plan
➡️Putting Money into Eligible Savings Bonds
➡️Opening a Coverdell Education Savings Acct
➡️Starting a Roth IRA for College
➡️Putting Money into a Custodial Acct

Unfortunately, one particular strategy doesn't outweigh the others and they all depend on your financial goals and timeline! But just as with all things related to investing... starting sooner is better than later!

If you want to learn more about education funding, 529 plans, or any other strategies I've listed here, feel free to give me a call at 503.925.0554

I'm always happy to help!😁

For many young adults (19-25), planning for retirement is not a priority and the thought of investing can be daunting.Ho...
08/09/2021

For many young adults (19-25), planning for retirement is not a priority and the thought of investing can be daunting.

However, investing at an early age is how you can help pave the way to a successful financial future.

The younger you start, the more the compounding effect of money over time works in your favor.

“Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” – Albert Einstein

While most parents want to help pay for their children’s college education, it can certainly be overwhelming...😨"When sh...
08/05/2021

While most parents want to help pay for their children’s college education, it can certainly be overwhelming...

😨"When should I start saving?"

😱"How much do I need to save each month?"

While there are several ways to save for college... a 529 plan is most common!

➡️A 529 plan is an easy way to start saving for your children's future while also enjoying some tax advantages.

➡️Originally intended for post-secondary education, 529 plans can now be used for K-12 education costs.

➡️Since the passage of the SECURE Act in December 2019, they can also be used for student loan payments.

When it comes to investing in a 529 plan, typically the earlier you can start putting money away, the better. (As with most investments.)

Still, it’s never too late to start saving for college! 😁

Money set aside when your child is 16 will still have several years to grow, assuming you use those funds to pay for the later years of undergraduate expenses, or even graduate school.

If you want to learn more about education funding, or 529 plans, feel free to give me a call at 503.925.0554

A question I often get around this time of year is: "When should I start saving for my kid's college fund?"The short ans...
08/03/2021

A question I often get around this time of year is: "When should I start saving for my kid's college fund?"

The short answer is that you should get started as soon as possible.

I'm not saying that you need to start a 529 plan for your yet-to-be-born child, but the longer you allow for your money to compound (and to ride out the market's ups and downs), the better.

Consider this simplified example:

Let's say that you want to have $25,000 available to help put your child through college once they turn 18, and that you can expect an average annualized return of 7% on your investments.

If you wait until your child is 10 years old to start saving, you'll need to set aside about $2,100 per year, or about $175 per month in order to meet your goal.

If you start saving when your child is five years old, the annual funding requirement drops to just $1,109, or about $92 per month.

And finally, if you start when your child is born, you'll only need to set aside $669 each year, or $56 per month in order to meet your $25,000 goal.

Of course, there’s no guarantee of performance as your results and needs may differ.

The bottom line is that the sooner you start saving for college, the easier it will be to reach your goal.

Address

17685 SW 65th, Suite 500
Lake Oswego, OR
97035

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

Telephone

+15039250554

Website

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