May 2012 Newsletter

Planning Your Financial Future     May 2012

At the time of this writing, it is 54 degrees outside and cloudy.  Last week, I was watching my daughter play softball for her college team and it was 81 degrees and sunny.  Just goes to show you can’t predict the weather!  You also can’t predict what will happen with taxes, especially in an election year.  But it is very important that you continue to plan for the future.  Don’t wait until 2013 to think about your 2012 taxes.

Hidden Taxes: What Is Your True Cost?
We are pretty well aware of the taxes we must pay as U.S. citizens; income taxes, payroll taxes, sales taxes, property taxes, and gift and estate taxes, to name a few. We can easily see these taxes on our pay stubs, tax bills, and sales receipts. But, there are other taxes imposed on us that you may not be aware of. They are “hidden taxes.”

Why Women Need Social Security
Did you know that the first person ever to receive ongoing Social Security benefits was a woman?

 

Pay Down Debt or Save and Invest?
There are certainly a variety of strategies for paying off debt, many of which can reduce how long it will take to pay off the debt and the total interest paid. But should you pay off the debt? Or should you save and invest?

What is personal liability insurance and do I have it?
Personal liability insurance protects your assets if you injure another person or damage someone else’s property.

What is umbrella insurance and why do I need it?
Umbrella liability insurance (ULI) provides additional liability coverage in excess of the liability coverage provided by other insurance policies, such as homeowners, renters, and auto insurance.

Refer a friend

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