As the Trump administration tackles the national debt, trade issues, and a potential AI arms race, uncertainty is growing. Government layoffs, tariffs and stock market volatility have many of us wondering what lies ahead.
The S&P 500, historically valued at 16.5x forward earnings, started 2025 at 22x and now sits around 20x. An overvalued market combined with stagflation increases potential downside risk.
What Tends to Perform Well during Stagflation time periods:
We remain focused on maintaining a diversified portfolio to help avoid panicking when the future is uncertain, markets are volatile, and the US economy is slowing. Let’s stay focused on company profits and not presidents.
The WEP/GPO Repeal (Social Security Fairness Act) has made a significant financial impact on our clients who split their careers between public service and the private sector.
✅ Your personal Social Security benefits are no longer reduced due to your Ohio pension.
✅ You can claim full spousal and survivor benefits, just like any other retiree under the GPO portion of the repeal. This is where you will see the largest impact. Watch the webinar replay to ensure you are getting the most from S.S. or call us today.
Little Known WEP/GPO Repeal Strategies
✅ Many retirees have begun receiving lump sum backpay dating back to January 2024 and a higher monthly benefit going forward. We have found for those that are receiving a NEW Social Security benefit under the GPO portion of the repeal they receive 6 months of back pay, not twelve months.
If your spousal benefit is under the GPO portion than your new WEP benefit, you must apply for the higher amount. This is the most misunderstood part of the repeal, and many are leaving money on the table.
These changes are complicated, and many are still struggling to understand how to get the most. We will help you:
If you’ve been impacted by the WEP/GPO Repeal, schedule a call with us to ensure you’re maximizing your benefits and withholding enough tax.
In February 2025, Senator Mark Romanchuk introduced Senate Bill69 (SB 69) to reform Ohio’s public retirement systems, including OPERS,STRS, OP&F, HPRS, and SERS. The goal is to improve the “health &sustainability” of these system.
Despite progress, STRS faces challenges with a 1:1 ratio of workers to retirees and longer retiree lifespans.
The outcome of SB 69 could affect not just STRS but also Ohio Police& Fire and other systems. Previous efforts, like HB 296, stalled due to concerns about local funding.
Stay tuned—more updates on SB 69 are expected soon!
After 25 years of dedicated service, Tom Homan retired as Delaware’s City Manager in July 2024, leaving behind a legacy of excellence and transformation. Since 1999, Tom has managed a $70 million operating budget and led 400 employees across public safety, utilities, public works, and other key departments. His tenure is marked by remarkable achievements, including revitalizing Delaware’s historic downtown, expanding neighborhoods, modernizing water and sewer systems, and overseeing the construction of the Delaware Community Center/YMCA.
Under Tom’s leadership, Delaware’s population grew by over 80%,and the city earned numerous accolades, including being named Ohio Magazine’s Best Hometown twice and recognized by Money Magazine as one of the Top 50 Best Places to Live in America. Tom’s strong financial stewardship ensured core services remained intact during economic downturns, and his collaborative approach built lasting partnerships that continue to benefit the community.
As Tom looks ahead to retirement, we celebrate his extraordinary contributions and the positive impact he has made on the City of Delaware. Tom and his wife Mary look forward to an active retirement. They plan to make home improvements, travel, stay physically active and of course spend quality time with their two grandchildren - and soon-to-be twin additions.
Did you know that Todd & Ryan create videos answering the most common financial questions asked during client conversations and meetings? Chances are that the questions others are asking could provide valuable insights to help you better understand key financial strategies and topics.
Subscribe to Our YouTube Channel to stay informed and ensure you don’t miss out on tips that could enhance your financial strategies!
By subscribing, you’ll be the first to know about:
Stay tuned for upcoming webinars, deep dives into key financial topics, and exclusive email content packed with insights to help you.
Our team has been actively volunteering each month to support local charities and make a positive impact.
We’re forming a team of walkers and runners to support Tunnels for Towers. TFT was started to honor FDNY firefighter Stephen Siller after he ran through the Brooklyn Battery Tunnel with 60 pounds of gear to save others—ultimately giving his life during the 9/11 attacks. The organization now honors our nation’s first responders, military heroes, and their families by providing mortgage-free homes and support to those who’ve made the ultimate sacrifice or been catastrophically injured in the line of duty.
We’re excited to continue making a difference in our community!
Click to Talk with an Advisor
