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  • Writer's pictureNate Baim, MBA, CFP®

Growing Your Family in 2020?

Enjoy this week's edition of the Planner's Beta

Beta (n) - climber's jargon that designates information about a climb This digest's purpose is to share observations, ideas, and treasures found this week which you may also find insightful. Sharing does not mean it's an endorsement. I am endorsing the pursuit of knowledge and exploration.

Something From Nate

Are you expecting a child this year? You want the best future for them. And you know your financial life is going to be different when they arrive. Be sure to think through all the planning opportunities. This checklist includes cash flow, tax, asset, debt, insurance, estate, and other long-term planning issues you should consider. A significant change in your household is a great chance to reconsider your goals and take action to stay the course. Download the items you should address in 2020 when growing your family. Begin your family's path on the correct foot!

Something Fun

Becky and I made it out to Frog Lake this weekend for a seven-mile cross-country ski trip. At the top of Frog Lake Butte, we experienced ice-cold wind gusts, and the conifers were encrusted in ice. We didn't stay long up at the summit! After the butte, we investigated the surrounding lake basin for a possible overnight pulk trip. Hopefully, we can do some snow camping before the end of the winter!

Something About Financial Planning

How to Avoid Money Fights (Betterment) - I agree, having a monthly money check-in meeting with your significant other is essential to navigating the stress accompanied with money. It helps bring transparency, and if done well, allows for dedicated time for those items which need discussion (so things don't keep getting postponed, to never be done). Monthly meetings may focus on significant future purchases, progress on saving or paying debt, or addressing everyday money items. Looking for more structure to your monthly meetings? Use this sample calendar.

Something About Economics / Investing

Will the Coronavirus Cause a Recession? (The New York Times) - The spread of any virus is unfortunate. It disrupts lives. And it can disrupt how people interact and trade with each other. We are seeing this now with the recent coronavirus outbreak. By many accounts, China took significant steps to stem the spread of the virus. The global economy is starting to feel the ripple effects of factory closings and the managed transportation of goods and people. Uncertainty surrounding COVID-19 is weighing on investors' minds. It is not clear if the epidemic will result in a recession. However, as investors, this is why we place such a strong focus on managing risk. A year ago, no one knew such an outbreak was going to happen. It is impossible to list out all the possible surprises which may surface and negatively impact individuals' financial plans. Understanding your portfolio's risk profile helps determine your appropriate asset allocation (from a high-level, asset allocation is the balance between cash, bonds, and stocks). Asset allocation is a tool to help manage the unknowns.


Have something on your mind? Schedule a free call with Nate.


Pursuit Planning and Investments, LLC is an Investment Adviser registered with the State of Oregon. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Past results do not guarantee future results. Please contact us at 971-803-5948 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions.  Additionally, we recommend you compare any account reports from PPI with the account statements from your Custodian.  Please notify us if you do not receive statements from your Custodian on at least a quarterly basis.  Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.


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