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CLASSICAL MUSIC PREVIEWS

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FINANCIAL FOCUS

FINANCIAL FOCUS

Intown’s Classical Music Critic, the Hon. Philip Berquist Honorary Consul of the Republic of Croatia for Texas Classical Music Update

Houston’s Classical Music Previews for 2021-2022

Well, it is Summer and things at least appear to be getting back to whatever we can each recall as “normal.” This is the time of year when our arts organizations announce their schedules for the upcoming classical music season of 2021-2022. While COVID-19 restrictions are still being thought through, our major music companies have given INTOWN Magazine their performance schedules, some complete, some still waiting for C-19 guidance. In this issue, we feature the seasons of the Houston Symphony Orchestra and Houston Grand Opera. Houston Symphony Orchestra

The following are my personal choices to highlight in this article. This season is the last for Andrés Orozco-Estrada as Music Director and he returns for several performances.

• September 11, 2021

Acclaimed opera superstar, Renee Fleming, appears on opening night singing famous opera arias with the orchestra.

• September 17, 18, and 19, 2021

Orozco-Estrada conducts the Beethoven 5th Symphony as well as the Beethoven Triple Concerto. Featured soloists are Yooshin Song, violin, Britton Averil Smith, cello, and Yefim Bronfman, piano.

• October 29, 30 and 31, 2021

Jader Bignamini conducts Berlioz’s “Symphonie fantastique.”

• November 19, 20 and 21, 2021

Another superstar, pianist Hèléne Grimaud, performs the Ravel Piano Concerto in G.

• January 21, 22 and 23, 2022

Former Music Director, Christoph Eschenbach leads the orchestra in a work to be announced. These should not be missed!

Orozco-Estrada Renee Fleming

• March 11, 12 and 13, 2022

The wonderful Rachmanioff Symphony No. 2 is conducted by Lionel Bringuier.

Houston Grand Opera

My goodness, what a season! Back at the Wortham Center’s Brown Theater, HGO has scheduled a truly stunning group of operas.

The Fall Repertory begins with Bizet’s Carmen. There will be eight performances of this popular classic running from October 22 through November 7. This is a revival co-production with the Lyric Opera of Chicago. Sung in French with projected English text.

Next is a world premiere of The Snowy Day by Joel Thompson with lyrics by Andrea Davis Pinckney. This one-hour production will be presented nine times from December 9 through December 19. Sung in English with projected English text.

For updates and a full calendar go to www.houstonintown.com

Let me hear from you! - write me at classicalmusicberquist@gmail.com.

WORTHWHILE CONVERSATIONS

JUGGLING THE RETIREMENT PIECES…

J. Harold Williams, Chairman and CEO, and Wealth Advisor, Troy Taylor, CFP®, discuss the challenges clients face when transitioning from saving for retirement, to living off accumulated assets.

WHY THE JUGGLING ANALOGY?

Pop singer Elvis Costello said, “I feel like a juggler running out of hands.” That’s the mindset of many recently-retired people with a good amount of savings. They oftentimes feel overwhelmed when coordinating the pieces necessary to replace what has been a lifetime of dependable paychecks. We’ve learned over 50 years that it’s challenging to transition from consistently saving for the future to living off of accumulated assets.

NOT A BAD PROBLEM -- TO BE LIVING OFF YOUR ASSETS AND NO LONGER WORKING…

It IS a nice problem. But big dollars are at stake in getting it right. We worked recently with a retiree from a major oil company who decided to walk out the door at age 60. His situation is not uncommon. He and his wife have done a great job laying their foundation – Social Security, a pension, a 401(k) with company stock, and some after-tax savings. No worry about outliving their money; but they want to make the most of these assets in the long-run for their family. They worry the varying tax impact associated with different decisions in drawing down assets can have widely different long-run outcomes. They want to get it right.

ARE THEIR CONCERNS VALID?

Yes. Our Wealth Planning Committee professionals (CPAs, attorneys and others) work together to model out these alternatives for clients. In this case, skillful “juggling” of the drawdown of assets and their elections around Social Security and taking company stock from the 401(k) matter greatly. As Committee Chairman, Phillip Hamman, CFA, CFP®, stated it: “The projected difference in the ending asset values between the base case and the optimum case shows a 40% increase to heirs.”

WHAT SHOULD PEOPLE LOOK FOR?

The key is making sure you get the experienced and unbiased advice you have the right to expect. The majority of financial advisors out there are NOT 100% on a fiduciary business model. At Linscomb & Williams, we are a fiduciary for our clients, providing service and advice for a fee with no products to sell. Our team is ready to meet for a no-cost, no-obligation exploratory conversation at our office in the Houston Galleria area.

For more information, or a copy of our Form ADV, Part II, with all of our disclosures, call Grant Williams at 713 840 1000 or visit www.linscomb-williams.com.

Linscomb & Williams is located at 1400 Post Oak Blvd., Ste. 1000 in Houston, TX For more information call 713 840 1000 or visit www.linscomb-williams.com.

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