Here’s wishing you a very happy 4th of July. Few things are more important than independence and I want you to know that it is an honor to help you achieve you financial independence.
I’ve got a few things below that may help toward that goal.
Four to Remember
Summer months are a great time to take care of financial matters that may not get done during the busier work seasons, holidays and tax time. These items are extremely important though so please don’t let the summer pass without putting some effort into them.
1) Wills & Trusts – time passes quickly and life brings change. Let’s make sure with your attorney that your legal documents are supporting your wishes and not impeding them.
2) Beneficiaries – retirement accounts, life insurance and annuities should have proper beneficiary designations. In most cases, this is not going to be a trust but rather individuals. For a detailed discussion on why, just reach out to me.
3) Taxation – most of you will have your 2013 taxes done by now allowing your tax professional and I to review your liability and strategize for 2014. If you wait much longer we lose some flexibility for this year. Please don’t.
4) Rebalancing – we are 1/2 way through the year and it is likely that we have drifted from our target allocation due to current market conditions. This is a good time to discuss risk and reward and put things in position toward goal attainment in the second half.
Term to Know
Treasury Inflation Protected Securities (TIPs) – these securities provide protection against inflation. The principal will rise with inflation and fall with deflation as measured by the Consumer Price Index.
TIPs pay interest twice per year at a fixed rate. They may be useful in supplementing retirement income or for portfolio diversification.
Until next time,
Susan R. Linkous
Investment advice offered through
The Linkous Group, Ltd.
A Registered Investment Advisor