insight

There’s a lot to keep track of in the world of investing and personal finance. Insight is a collection of financial intelligence and practical advice we’ve thoughtfully curated for our clients. We think you’ll find it useful.

Medical expenses come with tax benefits. Here’s how to maximize yours this year

December 6, 2019 - CNBC - Sarah O'Brien

First, though, be aware that you must itemize your deductions to use the one for medical expenses. “That means that you would have to have total deductions that exceed the [2019] standard deduction of $12,200 for single filers or $24,400…

Quarterly Market Review – Q3 2019

November 5, 2019 - KCS Wealth

Executive Summary After a disappointing 2018, and a particularly dismal 4th quarter, 2019 has been a welcome relief, with all asset classes performing well, despite multiple geopolitical concerns. The current slowdown in global economic growth has been weighing on investor…

As questions about future returns swirl, advisors seek shelter for clients

November 5, 2019 - FinancialPlanning.com - Joseph Lisanti

“I’m not particularly worried that the next decade will be bad [just] because the current one has been good,” says Ken Waltzer, managing partner at KCS Wealth Advisory in Los Angeles. Waltzer notes that the period from 2000 to early…

Healthy clients will avoid medical costs

October 26, 2019 - Investment News - Jeff Benjamin

As a former physician, one of Kenneth Waltzer’s first moves when it comes to helping his clients manage and plan for health care expenses is to try and help them stay healthy. “Sometimes, I will even make specific recommendations on…

How financial advisors help clients manage health-care costs in retirement

October 11, 2019 - CNBC - Sarah O'Brien

“Certified financial planner Ken Waltzer has an older female client who suffers from congestive heart failure. Given the high cost of her prescriptions, Waltzer recently became concerned by how much money she and her husband were spending. “I suggested that…

The Benefits of Being FIRE-ish

October 3, 2019 - Kiplinger - Eileen Ambrose

“Also look for ways to increase income. FIRE practitioners often find creative ways to generate income, such as blogging about their path to financial independence. Sotudeh says a pair of her clients pull in $30,000 a year by leasing their…

Writing a Will? How to Stop Stalling and Get It Done

September 30, 2019 - Nerdwallet - Liz Weston

“Certified financial planner Katrina Soelter of Los Angeles suggests thinking of an estate plan as “the best love letter you can write to those you love.” Providing guidance on what you want to happen after your death — and who…

Meanwhile, Across the Pond

September 11, 2019 - KCS Wealth

You think things are a bit unsettled in Washington, DC these days? Perhaps you can take comfort that politics is even more chaotic in London right now. In the 6 weeks since Tory Boris Johnson became Prime Minister, he has…

market correction

Just Another Market Correction

August 22, 2019 - KCS Wealth

Those of you who follow the financial markets are no doubt aware that August has not been kind to stocks: since July 30, the global All Country World Index (ACWI) of equities is down -6.0% through yesterday. Not a disaster,…

Relying on basic Medicare with no backup insurance might be a costly mistake

August 22, 2019 - CNBC

“All it takes is one big hospital stay and you could be out tens of thousands of dollars,” said certified financial planner Ken Waltzer, co-founder and managing partner of KCS Wealth Advisory in Los Angeles. “Even if you don’t face…

Recession watch: 6 financial moves to make when the economy slows down

August 19, 2019 - USA Today

“But proceed with caution,” says Kenneth Waltzer, a co-founder and managing director of KCS Wealth Advisory in Los Angeles. “One should never change investment strategy in response to market or economic conditions, as this amounts to market timing, which has…

Improving Your Health Can Reduce Healthcare Costs

August 9, 2019 - Ken Waltzer, M.D. on Retirement Daily - TheStreet

It should come as no surprise that one way to lower your healthcare bills is to be healthier so that you need fewer doctor visits, treatments and medications. While some people were dealt a lousy hand genetically or otherwise, and…

Open and read "Quarterly Market Review for Q2 2019"

Quarterly Market Review for Q2 2019

July 19, 2019 - KCS Wealth Advisory

Executive Summary: Markets have staged a rapid recovery from their December lows, with nearly every asset class now in positive territory for the year. The global economy continues to grow, albeit unevenly, and asset prices are marching higher, aided by…

How do advisers estimate a client’s longevity?

July 18, 2019 - Investment News (Greg Iacurci)

“Ken Waltzer, co-founder and managing director of KCS Wealth Advisory, mostly falls in a range between 99 and 104, erring on the longer side for younger clients in their 30s and 40s. “What is the risk you’re planning for? You’re…

Are collectibles for collecting or investing? Advisors weigh in

June 23, 2019 - CNBC

“Certified financial planner Kenneth Waltzer, managing director and co-founder of KCS Wealth Advisory in Los Angeles, said his stance has always been that if clients are going to invest in collectibles, they should do so out of passion. “You shouldn’t…

Fed signal sends advisers into fixed-income scramble

June 21, 2019 - InvestmentNews

“Kenneth Waltzer, co-founder and managing director of KCS Wealth Advisory, is not completely convinced that a recession is coming, but is “hedging in both directions” just to be safe. “We’re very late cycle, but it’s not clear if we’re at…

Considering basic Medicare with no backup insurance? That could be a costly mistake, experts say

June 9, 2019 - CNBC

“If you’re thinking about having basic Medicare without any supplemental coverage, experts have a message for you: Don’t. With deductibles, copays, coinsurance and — this is a biggie — no out-of-pocket maximum, the program has a variety of costs that…

Here’s how advisors help clients stay on top of health-care costs in retirement

May 29, 2019 - CNBC

“Certified financial planner Ken Waltzer has an older female client who suffers from congestive heart failure. Given the high cost of her prescriptions, Waltzer recently became concerned by how much money she and her husband were spending. “I suggested that…

Are You Still Supporting Your College Graduate Kid? Here’s how to wean them off your money.

May 21, 2019 - USA TODAY - Janna Herron

“Share the way you manage your budget,” says Katrina Soelter, director of wealth management at KCS Wealth Advisory. “Knowing what works and doesn’t work for an adult they respect can help children navigate their own way to budget.” Read the full…

KCS Quarterly Market Update for Q1 2019

May 10, 2019 - KCS Wealth Advisory

Executive Summary: After a disappointing 2018 and a dismal 4th quarter, the first quarter of 2019 was a welcome relief, with all asset classes performing extremely well. The slowdown in global economic growth appears to be temporary, and we see…

What I learned about money from working a seasonal job

December 14, 2018 - NBC News

“Laura Gilman, a financial planner and managing partner at KCS Wealth Advisory in Los Angeles, California, explains that this mentality is like climbing a ladder. The first rung is building up emergency savings in case you get laid off, land in…

Open and read "What’s Behind the Market Rollercoaster?"

What’s Behind the Market Rollercoaster?

December 6, 2018 - KCS Wealth Advisory

A week that started optimistically for the equity markets turned downright ugly on Tuesday as the major indexes dropped -3% or more. Thursday appeared to offer a reprieve after a powerful late-day rebound, but the declines hit again on Friday.…

Open and Read "Quarterly Review – October 2018"

Quarterly Review – October 2018

October 30, 2018 - KCS Wealth Advisory

World equity markets enjoyed decent gains during the third quarter of 2018, with the All Country World Index (ACWI) rising by +4.3%. However, not all sectors or countries rose equally, with certain segments, such as US growth and tech stocks,…

Open and read "No Time to Be a Seller"

No Time to Be a Seller

October 11, 2018 - KCS Wealth Advisory

In advance of our quarterly newsletter, we would like to briefly comment on recent stock market action. Those of you who follow the financial news are probably aware that US stocks have fallen sharply, with technology shares leading the retreat.…

Rent or Buy a Home: Which Is More Affordable?

August 7, 2018 - Lendingtree.com

“The upfront costs of buying are more significant. Laura Gilman, a financial planner at KCS Wealth Advisory, said to expect higher spending over the first year or two, but as you settle in, your homeownership costs will become more consistent…

Open and read "Nobody Wins in a Trade War"

Nobody Wins in a Trade War

July 27, 2018 - KCS Wealth Advisory

Executive Summary: Stocks were buffeted during the second quarter as investors reacted, in knee-jerk fashion, to each new headline about our brewing trade war. The choice to wage this battle on multiple fronts at the same time certainly complicated matters,…

How to Take a Mini-Retirement Without Delaying Your Full Retirement

July 9, 2018 - TheStreet.com

“Taking a short break from funding your retirement account doesn’t have to delay your retirement date, Los Angeles based certified financial planner Laura Gilman of KCS Wealth Advisory, LLC said from personal experience. “I started my planning firm when I…

Where Investors Should Look for Safety and High Yield

May 27, 2018 - TheStreet

“Investors seeking safe fixed-income investments that have a current yield greater than 3% need to consider this above all else: “Safe,” says Ken Waltzer, the managing director of KCS Wealth Advisory, “is a relative term.” There are, as most fixed-income…

The Correction of 2018, Act II

March 23, 2018 - KCS Wealth Advisory

We are now almost 8 weeks into the stock market correction that began on January 30. (A “correction” is defined as a decline of between 10% and 20% from a previous high; a “bear market” is defined as a decline…

Anatomy of a Correction

February 28, 2018 - KCS Wealth Advisory

February is over, but the stock market correction (arbitrarily defined as a decline of more than 10% from a previous high) that began at the end of January is still with us. Until this week, it looked as if the…

Open and Read "2017 in Retrospect—With a View Toward 2018 and Beyond"

2017 in Retrospect—With a View Toward 2018 and Beyond

February 12, 2018 - KCS Wealth Advisory

Executive Summary (for those short on time): Stock markets around the world finished 2017 sharply higher, and the momentum initially carried over into 2018, with global equities rising by another +5.6% in January. (1) However, starting in late January, stocks…

5 things every gig worker should know

August 17, 2017 - CNN

“I recommend clients make two budgets — one that shows how they live currently and one that shows the least amount they can afford to live on,” says Laura Gilman, co-founder and managing partner of KCS Wealth Advisory. She suggests…