Benchmark Bulletin – Your Personal CFO’s

November 2013 Benchmark Bulletin

October wasn’t as volatile as it was expected to be and it certainly would have been warranted. Surprisingly, the government shut-down ended and an agreement was reached regarding the debt ceiling…at least temporarily. The ghosts and goblins of Halloween did manage to take a small bite out of the broader market returns over the last few days but all in all, October was a bit of a treat.

“We don’t stop playing because we grow old; we grow old because we stop playing.”
– George Bernard Shaw

NTX-2013_Year_End_1113_01 2013 Year-End Tax Planning Considerations
As the end of the 2013 tax year approaches, set aside some time to evaluate your situation. Here are some things to keep in mind as you consider potential year-end tax moves.
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NIV-Buckets1113_01 Buckets of Money: A Retirement Income Strategy
One approach to generating immediate retirement income while still addressing long-term needs is sometimes called the “bucket” strategy, which involves creating multiple pools of money. Each pool, or “bucket,” is invested depending on when you’ll need the money.
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NPT-TaxfreeLTC1113_01 Paying for Long-Term Care Insurance with Tax-Free Funds
The cost of long-term care can quickly drain your savings, absorb most of your income, and affect the quality of life for you and your family. Long-term care insurance may be the answer, but premiums can be expensive. Here are some ways you may not know about to pay those premiums with tax-favored funds.
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NGB-SSBene1113_02 Is it true that my child can receive Social Security benefits based on my earnings record?
Your child–whether he or she is your biological child, adopted child, or stepchild–may be able to receive monthly benefits based on your earnings record if you’re getting disability or retirement benefits from Social Security, or in the event of your death.
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NGB-MedOpen1113_02 Do I need to make any changes to my Medicare coverage for next year?
It’s time to review your current Medicare coverage and make decisions about next year’s coverage.
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