2013 fall moneymatters

7/29/2019 2013 Fall Moneymatters

1/15

moneymattersFALL 2013


2/15

welcomeDear Client,Wehopeyouvebeenenjoyingsummerwithamilyandriendsandarereadyorall!Summer was busy here at Eikenberry Retirement Planning. With a Summer BBQ at the Canal

LakeLodgeorclients,tovariousworkshopsornewandcurrentclients,toatriptoGreat

American Ballpark in the middle o August.

Were excited about the events we have coming up during the ourth quarter:

A Social Security workshop in late October and our Annual Christmas dinner in December

For the al l issue o the Money Matters Newsletter, weve explored some topics that we think maybe o interest to our clients. In particular, we examine in-depth the issue o longevity risk, or the

danger o outliving retirement assets, that many Americans ace in an environment o volatile

markets, rising healthcare costs, and longer liespans. While we believe that this new economic

landscapemaydrasticallychangethenatureoretirementormanyAmericans,wesharea

number o strategies that may help take some o the uncertainty away rom retirement planning.

In this issue well be covering:

Americas Retirement Crisis: Strategies to Help Avoid Outliving Your Assets 3

A Guide to Basic Estate Planning Documents 10

Facebook Security: Protecting Yoursel on Facebook 11

Five Ways to Raise Money or Your Favorite Charity 13

Getting A Good Night's Sleep 14

Wesincerelyhopethatyoundthisnewsletterinteresting,inormative,andeducational.

Were constantly seeking out new ways to educate our clients about important issues and provide

them with insight into the economic events behind market movements. We are always interested

in hearing your eedback about our newsletter. I you have any ideas youd like to share with us

or have questions youd like answered in one o our issues, please let us know. I you have any

amilyorriendswhowouldenjoyreceivingtheirowncopy,pleasegiveustheirinormation,

and we will be happy to add them to our growing list o subscribers.

Asalways,itisanhonorandaprivilegetoserveyou.OnbehaloallousatEikenberry

Retirement Planning, thank you and best wishes or this all season.

Warm Regards,

John Eikenberry & Nick Boeckman


3/15

America is acing a serious retirement crisis: Many Americans are

not condent that they will be able to enjoy a comortable retirement

andmanyretireesacelongevityrisk,orthedangerooutliving

theirliesavings.Te2008-2009economicdownturndrastically

changed the nancial landscape and caused proound shis in the

way that many Americans view their retirement. Despite being the

largest,wealthiest,andmostinuentialgenerationoAmericans

baby boomers are acing one o the most serious retirement challenges

in history. A combination o declining income, increased longevity, and

highcostsmeansthatanincreasingnumberoAmericansmayace

the possibility o outliving their assets.

One economic study estimates that approximately 46 percent o

Americans die with less than $10,000 in assets, many o them

lacking even home equity and relying largely on Social Security

benets to meet their expenses. 1 Most shockingly, many o

the households surveyed in the study entered retirement in

goodnancialhealth;actorssuchasunexpectedhealth

expenses, market losses, and increased liestyle expenses

combined to erode their nancial security.

Tepurposeothisreportistoexploreacritica

issue acing American retirees today and highlight

some strategies that may help you avoid outliving

your assets.

AMERICASRETIREMENT CRISIS

FACING THREATS TO RETIREMENT PROSPERIT


4/15

nest egg needs to be to ensure a comortable retirement.

Unortunately, accurately estimating these expenses can

bechallenging,andretireeswhodependtoomuchonoptimisticestimatesotheirutureexpensesmaynd

themselves acing a shortall. Many retirement expense

calculatorscondentlypredictthatretireeswillspend

asmuchas20percentlessinretirementthantheydo

currently. However, changes in spending do not always

happen the way people expect.

A2008studyoundthat,onaverage,mostretireesdid

not signicantly reduce their expenses aer retirement.

Retireeshavingamediantotalnetwortho$104,000

were able to reduce their expenses by the greatest amount,

13.8percent;however,thoseinthewealthiestquartile

(havingamediannetworthoapprox.$1million)

actuallyincreasedtheirpost-retirementspendingby

7 percent.4 While its possible to reduce retirement expenses

by adapting your liestyle to your circumstances,

itsalwaysbestwhenthosechangescomeby

choice, not by lack o options.

Healthcare costs are one o the major contributors

to increased living expenses aer retirement. Te

rapid increase in medical costs over recent years

have caused considerable angst to retirees since,as people age, their healthcare expenses tend to

rise. More than one-hal (54 percent) o respondents

toa2012HealthCondencesurveyreported

thataccesstohealthinsurancewasextremely

important to making a decision to retire and 53

percentorespondentsplannedtoworklonger

than they would like to continue receiving health

insurance through work. 5

UNDERSTANDING THE PROBLEM

THE EFFECTS OF THE FINANCIAL CRISIS

Te economic downturn drastically changed the nancial

circumstances o many. According to a study presented

at the 2013 Financial Security Summit, Americans aged

75 and older lost one-third o their nancial assets and

one-sixthotheirtotalnetworthduringtheperiodo

2007-2010. 2 While household balance sheets have somewhat

recovered in the years since, retirees and pre-retirees have

much less time to make up lost ground. Evidence in the

study also suggested that older retirees are struggling to

make ends meet.

Although most Americans have been able to sharply pay

down credit card debt since 2007, credit card debt among

elderlyretireeshasactuallyrisen.From2007to2010,

an AARP study ound that the percentage o Americans75 and older with credit card debt rose rom 18.8 percent

to21.7percent,whiletherateellineveryotherage

group. 3 Tis means that more than one-h o elderly

Americans may be relying on credit cards to cover everyday

expenses. Living so close to the nancial edge can have

devastating consequences; seniors who nd themselves

inthispositionmaynotbeabletowithstandnancial

shocks such as expensive medical treatments not covered

byMedicareorMedicaid,orotherunexpectedevents

such as the need to replace a car or a household appliance.

UNDERESTIMATING RETIREMENT

LIVING EXPENSES

Anaccurateestimateoyourpost-retirementliving

expenses is critical to credibly projecting how large your

Source: Michael Hurd and Susann Rohwedder. "The Retirement Consumption Puzzle."

Rand labor and population working paper, April 2008. Survey o 385 retirees, ages 50 to 70.

Mean total wealth, including housing.

EXPECTED VS. ACTUAL EXPENSE REDUCTION

MEAN TOTAL WEALTH QUARTILE

4 MONEY MATTERS FALL 2013


5/15

American retirees have good reason to worry about rising

healthcarecostsduringretirement.Accordingtodata

collected by the Kaiser Family Foundation in the chart

below,inationincreasedbyapproximately3percent

eachyearduringtheperiodo1999to2012,eroding

purchasingpowerby39percent,cumulatively.During

thesameperiod,wagesincreasedbynearly50percent.

However, healthcare insurance premiums increased by

a staggering 172 percent, ar outstripping wage increases

overtime,meaningthatretireeslackinginhealthcare

coveragemaystruggletocovertherisingcostsotheir

medical care. 6

LIVING LONGER IN RETIREMENT

Lie expectancies or both men and women have steadily

increasedovertime.In1945,Americanmenlivedan

averageo62.9years,whileAmericanwomenlivedan

average o 68.4 years. By 2010, average lie expectancieshad increased to 75.4 and 80.0 years, respectively. 7

SinceAmericansarelivingconsiderablylongerthan

beore,mostcanexpecttospendlongerinretirement.

Actuarialstudiessuggestthata65-year-oldAmerican

woman has a 50 percent probability o living until age 86,

meaning that, i she retires at age 65, she will likely spend

21 years in retirement. A 65-year-old American man has

about a 50 percent probability o living to age 82, meaning

hewillspendapproximately17yearsinretirement.

According to the Social Security

Administration,oneouto

everyour65-year-oldswill

livepasttheageo90and

one out o 10 will live past the

ageo95.8Manyretirement

plans were not designed with

thepossibilityolivingmore

than two decades in retirement

in mind, and may not last the

investors lietime.

Longer liespans may also increase the eect that healthcare

costsmayhaveonlivingexpenses,andmanyretirees

acetheissueopayingorassistedlivingacilitiesor

retirement communities when independent living is no

longer possible.

STRATEGIES TO MITIGATE

LONGEVITY RISK

Teres no doubt that Americans are acing a retirement

crisis; now that weve covered some o the actors that are

contributing to this nationwide issue, lets discuss some

strategies that can help protect your retirement liestyle

and may help ensure that your assets last as long as you

need them to.

AVERAGE LIFE EXPECTANCY

IS INCREASING*

HEALTHCARE EXPENSES INCREASE FASTER THAN INFLATION & EARNINGS

*Source: Lie Tables For the U.S. Security Administration 1900-2010 - Actuarial Study No. 120

*Source: "Cumulative increases in health insurance premium

workers' contributions to premiums, ination, and workers' earnings, 1999-2012

Kaiser Family and Health Research and Educational Trust (HRET), March 201

FALL 2013 MONEY MATTERS 5


6/15

CONSIDER DELAYING RETIREMENT

OR STARTING A SECOND CAREER

AnincreasingnumberoAmericansarepostponing

retirement. Many choose to extend their working lives or

a number o reasons, including allowing their investments

torecovervalue,increasingtheirretirementsavings,

taking advantage o health insurance coverage, or waiting

oraspousetoretire.Somesimplyarentreadytogive

upaulllingcareer.A2011Allianzsurveyoundthat

an increasing number o Americans were shiing their

expected retirement age as compared with a year earlier. 9

Some Americans who are ready to retire rom their primary

proessionchoosetotakeonparttimeworkorbegina

second career. While nancial considerations can make

parttimeworklookattractive,manyretireesenjoythe

camaraderie or want to stay active and productive while

still having plenty o time or amily, hobbies, or travel.

According to a recent survey by the MetLie Foundation,

as many as 8.4 million Americans between the ages o 44and 70 have already launched encore careers, or jobs that

combine income with passion or social impact. Among

those surveyed that were not already working a second

career, nearly hal are interested in nding meaningul

work.Onthewhole,thoseinencorecareersndtheir

workulllingandworthdoing.Morethan80percent

orespondentssaythattheygeteitheratremendous

amount or quite a bit o satisaction rom their careers. 10

An increasing body o research suggests that Americans

arereinventingretirementandviewingitmoreasa

phaseorejuvenationandrecreationthanasaperiod

o complete rest.

DELAY TAKING SOCIAL SECURITY BENEFITS

Oneothemostimportantdecisionsacingaretiring

workeriswhentostarttakingSocialSecuritybenets.

Whilethedependableincomecanrelievetheanxiety

olosingasteadypaycheck,therearesomevaluable

arguments in avor o delaying benets. Normal Retirement

Age (also known as ull retirement age or NRA) is when

youre eligible to receive your ull Social Security benets.

It used to be 65 or everyone, but current laws mean that

or those born aer 1938, normal retirement age is some

point between 65 and 67.

While the right age to start taking benets depends on a

retireesindividualcircumstances,ingeneral,delaying

benets is usually a better choice or most people or the

ollowing reasons:

DelayingSocialSecuritymeansyougetincreased

benetseachyear,reducingyourriskofrunning

outofmoneylaterinlife. I you start taking benets

aer your NRA at age 70, you will typically get a credit.

Forexample,iyouwerebornin1944yourNRAis

66. However, i you decide to take your benets at age

68, waiting the extra two years you could get a credit

o 8 percent per year. Tat would mean your monthly

CLARIFY YOUR

RETIREMENT NEEDS:

1. Do you know how much income you will

need each month during retirement?

2. What sources o guaranteed income doyou already have?

3. How much do you already have savedor retirement?

4. How long could you aord to live inretirement i your investments grow 4percent annually? 5 percent? 6 percent?

5. Have you discussed your concerns witha fnancial proessional?



7/15

benet check will be 16 percent higher than what you

would have received at age 66. Tis will give you more

stable income even i you spend through other retirement

savings.Althoughitisimportanttokeepinmind

thereisnoguaranteethatsocialsecurityincomewill

be available in the uture. Tis is just a basic example,

anditsimportanttoworkwithaproessionalwho

understands your personal nancial circumstances beore

makingdecisionsaboutwhentotakeSocialSecurity.

Eachfuturecostoflivingadjustment(COLA)may

bebigger.SocialSecuritybenetsincreaseeach

yeartokeepupwithination.YourCOLAtypically

couldincreasebyapercentageothecurrentpayout

eachyear,meaningthatdelayingyourbeneits

maygiveeachadjustmentahigherdollarvalue.

Social Security benet strategies can get complex. Beore

making any decisions, be sure to consult with a tax planner

or other nancial proessional who can help you make the

right decision or your needs. Please eel ree to contact

usiyouwouldlikeassistancewithdeterminingwhat

is best or your situation.

FIGHT THE EFFECTS OF INFLATION

Ination is insidious and can eat away at the purchasing power

oyourmoneyovertime.Retireesaredisproportionately

aected by the eects o rising prices because they are paying

higherpricesorood,housing,andotherexpenseswhile

oen living on a xed income. Medical bills are also typicallyhigherinretirementduetoincreasedhealthneedsand

higher insurance premiums. Even relatively low ination can

signicantly impact a retirees purchasing power over time.

Te hypothetical example below shows that $50,000 would

beworthjustover$30,000in25years,evenassuming

This is a hypothetical example calculated using assumed rates o ination o 2%, 3%, and 4% to illustrate the ee

ination on purchasing power over time. The U.S. long-term average annual ination rate is 3.22% according to th

Bureau o Labor Statistics. Actual ination may be more or less and will vary. This example does not include the ee

taxes, ees, or potential portolio growth and should only be used or illustrative purpos

YEARS AFTER RETIREMENT START DATE



8/15

averylowinationrateo2percent.Historically,the

averageannualinationrateintheU.S.hasbeen3.22

percent, though it jumped as high as 18 percent in 1918

andellintonegativedigitsduringseveralperiodsin

the last century. 11

Having a portolio thats positioned to help ght ination

is critical. raditionally, as workers have neared retirement

age,theyhavegraduallyreducedtheirexposureto

riskandavoredmoreconservativeinvestmentsthat

prioritize income and wealth preservation over growth.

However,atoo-conservativeinvestmentstrategycan

be as dangerous as a too-aggressive one since it exposes

yourportoliotothecorrosiveeectsoinationand

maylimityourretirementassetsabilitytogrowover

time,thusincreasingtheriskthatyoulloutliveyour

assets.Awell-diversiedportoliothatincludesan

appropriate mix o stocks, bonds, and other investmenttypesaccordingtoyourpersonalneedsandgoalsmay

help you seek the growth you need in a way that lets you

sleep better at night. 12 Diversication helps you spread

riskthroughoutyourportolio,soinvestmentsthatdo

poorly may be balanced by others that do relatively better.

However, please note that diversication cannot ensure

a prot or protect against a loss.

Beore making any investment decisions, its important

tounderstandhowactorssuchasyourownpersonal

nancial circumstances, risk tolerance, and time horizon

aectyourchoices.Anancialproessionalcanwork

with you to develop an investing strategy thats right or

your needs, goals, and nancial situation.

PLAN FOR RISING HEALTHCARE COSTS

Longer lie spans, rising medical costs, declining medical

coverage, and unding shortalls or Medicare and Medicaid

mean retirees ace a serious challenge in managing their

healthcare costs in retirement. According to a Fidelity report,

a 65-year-old couple retiring in 2013 will need an estimated

$220,000 in savings just to cover healthcare costs during

their retirement. Some estimates put healthcare ination at6 percent a year, and i uture trends continue, healthcare

will be retirees second-largest expense aer housing. 13

Inordertounderstandandplanoryourhealthcare

expenses in retirement, consider the ollowing strategies:

Earmarkaportionoyourretirementsavings

specically or healthcare expenses. ake advantage

o tax-avored vehicles such as Health Savings Accounts.

Understandyourhealthinsuranceoptionsaer

retirement.Whilemostretiringworkerswill

losetheiremployer-sponsoredcoverage,some

rmsstilloerretirementhealthcarecoverage.

Understand how Medicare ts into your health coverage.

Beasmarthealthcareshopper.Whenvisitinga

healthcareprovider,bepreparedwithinormation

about existing conditions and any symptoms you are

experiencing;askquestionsaboutadiagnosisand

prescribed medications to be sure you understand all

alternatives and outcomes; know what youre paying

or so that you ully understand your out-o-pocket

costs or any treatment plans.

CONCLUSIONS & NEXT STEPS

Teaverage65yearoldcanexpecttolive20yearsor

moreinretirement,soitiscriticaltopreparesoyou

can maintain a comortable retirement liestyle. Living

a long lie has its considerable benets, but it can create

uncertainty and stress around how much money retirees



9/15

These are the views o Platinum Advisor Strategies, LLC, and not necessarily

those o the named representative, Broker dealer or Investment Advisor,

and should not be construed as investment advice. Neither the named

representative nor the named Broker dealer or Investment Advisor gives

tax or legal advice. All inormation is believed to be rom reliable sources;

however, we make no representation as to its completeness or accuracy.

Please consult your fnancial advisor or urther inormation.

1Reclaiming the Future. Allianz Survey. 2010-2011. Accessed August 7,

2013. https://www.allianzlie.com/about/news_and_events/news_releases.

aspx?articleID=56

2 Allianz Lie Insurance Company o America (Allianz) conducted a

nationwide survey o 3,257 American adults, aged 44-75. The online

survey was conduc ted in May 2010. A 2011 smaller-scale survey revisited

key survey questions to determine how respondents surveyed in 2010

eel about key retirement issues one year later

3 A crisis or the very old: They're outliving their assets. Accessed August

11, 2013. http://www.jsonline.com/news/opinion/a-crisis-or-the-very-old-

theyre-outliving-their-assets-b9957225z1-216189001.html

A crisis or the very old: They're outliving their assets. Accessed August11, 2013. http://www.jsonline.com/news/opinion/a-crisis-or-the-very-old-


4 A crisis or the very old: They're outliving their assets. Accessed August

11, 2013. http://www.jsonline.com/news/opinion/a-crisis-or-the-very-old-


5 The Retirement Re-Set Study. SunAmerica/Harris Interactive Poll

2011-2012. Accessed August 10, 2013. https://www.sunamerica.com/

TridionData.do?Page_ID=355474

6 "The Retirement Consumption Puzzle." Rand Labor and Population

working paper, April 2008. Accessed August 12, 2013. http://www.nber.

org/papers/w13929.pd?new_window=1

7 Views on Health Coverage and Retirement: Findings rom the 2012Health Confdence Survey. Employee Beneft Research Institute.

Accessed August 11, 2013. http://www.ebri.org/publications/notes/index.

cm?a=notesDisp&content_id=5157

8 "Cumulative Increases in Health Insurance Premiums, Workers' Constributions

to Premiums, Ination, and Workers' Earnings, 1999-2011." Kaiser Family

and Health Research and Educational Trust (HRET), September 2011).

Accessed August 11, 2013. http://k.org/health-costs/slide/cumulative-

increases-in-health-insurance-premiums-workers-contributions-to-

premiums-ination-and-workers-earnings-1999-2012/

9 "Reclaiming the Future Study: One Year Later." Allianz Lie Insurance

Company o North America. 2011

10 Lie Tables or the U.S. Social Security Administration 1900-2010 - Actuarial

Study no. 120. Accessed August 13, 2013. http://www.socialsecurity.gov/oact/NOTES/pd_studies/study120.pd

11 Social Security Administration Lie Expectancy Calculator. Accessed

August 12, 2013. http://www.ssa.gov/planners/lieexpectancy.htm

12 Encore Career Survey. MetLie Foundation/Civic Ventures. Accessed

August 12, 2013. https://www.metlie.com/assets/cao/oundation/

Encore_Survey.pd

13 Historical Ination Rates. Accessed August 13, 2013. http://www.

usinationcalculator.com/ination/historical-ination-rates/

Footnotes, disclosures, and sources:

Opinions, estimates, orecasts and statements o fnancial market trends

that are based on current market conditions constitute our judgment an d

are subject to change without notice.

This material is or inormation purposes only and is not intended as an

oer or solicitation with respect to the purchase or sale o any security.

Investing involves risk including the potential loss o principal. No

investment strategy can guarantee a proft or protect against loss in

periods o declining values.

Fixed income investments are subject to various risks including changes in

interest rates, credit quality, ination risk, market valuations, prepayments,

corporate events, tax ramifcations and other actors.

Opinions expressed are not intended as investment advice or to predictuture perormance.

Past perormance does not guarantee uture results.

Consult your fnancial proessional beore making any investment decision.

Opinions expressed are subject to change without notice and are not

intended as investment advice or to predict uture per ormance.

All inormation is believed to be rom re liable sources; however, we make

no representation as to its complete ness or accuracy. Please consult your

fnancial advisor or urther inormation.

willneedtolivecomortablyortherestotheirlives.

Out o ear o nancial ruin, many retirees unnecessarily

adoptrugalliestylesthatcausethemtomissouton

thebestpartsoretirement.Othersmiscalculatethe

truecostoretirementandoverspend,depletingtheir

savings too soon.

Manyretireeshavebeentaughttheruleothumbthat

retirement assets can be made to last 30 years i investors

withdraw 4 to 4.5 percent o the original value each year.

Unortunately, this old adage was developed in the 1990s,

and that withdrawal rate may not work when ination-

adjusted interest rates are close to zero or long periods

o time. So, i you cant saely withdraw at least 4 percent

ayearromyourportolio,whatcanyoudo?Tereare

anumberoalternativeapproachesthataretirement

specialist can explore with you that may help ensure that

your money lasts as long as you do.

Teissueswevepresentedinthisreportarecomplex,

anditscriticaltomaketherightdecisionsbeoreand

during retirement. While every investors circumstances

are dierent and there are no guarantees o success, we

aim to help our clients take some o the uncertainty out

oretirementplanningandworkwiththemtodevelop

a suitable nancial strategy or their unique retirement

circumstances.



10/15

Makingprovisionsoryourowndeclineandeventual

passingisataskyoumayndunpleasantandwishto

avoid. While this is understandable, such avoidance can

cause a great deal o pain and conusion or your heirs.

With that in mind, here is a guide to the basic documents

most people should have prepared. I your estate is large,

or you wish to limit your bequests in various ways, you

may also want to set up a living trust. In that event, you

willdenitelywanttoconsultanattorney.Notethat

dierentstatesmaycombinesomeothesedocuments

intooneormorcallthembydierentnames,butthe

essential concepts are the same:

1TH E WI LL .hisdocumenttellsyourheirshowyouwantyourpropertydistributedaeryour death. It not only names your heirs , but tells what

should happen in the event your heirs predecease you.

It appoints an executor to carry out your wishes. It may

also contain burial or cremation instructions. Each state

has its own will orm, designed to correspond to its laws.

Witnesses are required, and any evidence o tampering

caninvalidatethewillorcallitintoquestion.Even

somethingasinnocuousasaremovedstaplecanbea

problem. I you have any doubt at all about your ability

to prepare this document, have an attorney do it or you.

2TH E LIVI NG WI LL .Tisisnotawillpersebutadocumentthattellslovedoneswhatyouwantdoneintheeventthatyouarenolongerableto

make decisions or yoursel. ypically you can speciy

thatyouwantalleortsmadetosustainyourliein

all circumstances, that you want extraordinary eorts

made only i there is a chance o a ull recovery, or that

you want no extraordinary measures taken to prolong

yourlie.Tisdocumentcansaveyouramilyagreat

deal o hassle and heartache in the event that you suer

an irreversible decline.

3T H E P O W E R O F A T T O R N E Y F O RHEALTH CARE. Tisdocumentappointsanagent to make health care decisions or you in the event

that you are incapable o making them or yoursel. Tis

personmightdecideonnursinghomecareorhome

healthcareormightexecuteadonotresuscitate

orderintheeventthatheartailureisimminent.It

isthereoreimportantthatyouchoosesomeoneyou

trust completely.

4T H E P O W E R O F A T T O R N E YFOR FINANCES.hisdocumentallowsyouragenttoaccessyourbankaccountsinorderto

payyourbills.Youcanlimitorexpandhisorher

powers to allow your agent to make investments, moveaccounts,andmakegis.Onceagain,theagenthas

considerablepower,soyoumusttrustthepersonyou

choose.(Insomestates,aDurableGeneralPowero

Attorneyisusedtocoverthissameground.Besure

you consult an attorney i you are unclear about what

powers you are granting.)

Notethatintheeventyoudonothavethelattertwo

documents,yourheirsmightbeorcedtoobtaina

courtorderhavingyoudeclaredincompetent.Tisis

an extraordinary burden you can spare your loved onesby making your wishes clear in advance.

Some institutions may refuse to accept powers of attorney,

which can limit their useulness. Legislative eforts are

underway to remedy this situation.

OTHER USEFUL DOCUMENTS:

Te transer on death orm. Tis al lows you to avoid

having assets go through probate by instructing a bank

or other nancial institution to transer assets to your

heirsuponyourdeath,accordingtotheormulayouspeciy.Itistypicallyavailableorstocks,bonds,and

bank accounts, but some states also allow a transer on

death or real estate and vehicles.

Bydoingalittlesimpleplanning,youcanmakesure

your wishes are carried out aer your death and your

lovedonesburdensareeased.Anattorneycangive

you urther inormation that is specic to your state.

Basic EstatE PlanningDocumEnts

A Guide to

* SII (or ICA) does not provide tax or legal advice10 MONEY MATTERS FALL 2013


11/15

Many believe that they are secure

when browsing or using Facebook.

However,whatyoudon'tknow

canhurtyou.Basicsecurityis

essentialwhenusingFacebook,

and knowing what to look or, how

tosetupyoursecuritysettings,and

howtomakesureyouareassecureas

possible can help you to saely use Facebook.

Basic Facebook Security

OnthetoprightoyourmainFacebookscreen,where

you can post and see your activity eed, you will see a gear

symbol. Click on that and a drop-down menu appears.

I you click on account settings, two sections at the top

le in the menu will be visible. Te rst is indicated by agears logo which states "General." Te second is "Security,"

indicated with a badge or shield logo.

Security Settings

Many security measures are not put into place until you

purposeullygoinandsetthemuporactivatethem.

Checkthesesettingsandmakesureyouareassecure

as possible.

Security Questions - Security questions are not set

up when you rst sign up or Facebook. Setting upyour security questions not only helps you i you get

locked out o your account, but helps to protect you

rom raudulent logins. When you view your security

settings, i you see a message next to the area or the

security question setup that says, "Setting a security

questionwillhelpusidentiyyou,"youdon'thave

onesetupyet.Clickthe"Edit"buttontotheright

othismessagetosetupyoursecurityquestion.

Secure Browsing - Tis section should say "Secure

browsing is currently enabled." Usually this is already

enabled,butyou'llwanttomakesurethatitis.

Login Notifcations - You need to know when someone

logsintoyouraccount.Tissettingisextremely

important because the sooner you know that someone

hasloggedintoyouraccount,thesooneryoucan

address the situation. However, this setting is usually

set to "Disabled." Be sure to click the "Edit" button to

the right in this section and change it to "Enabled."

Login Approvals - Normally, you log in to Facebook

rom one or two browsers. Facebook is able to detect theplaces rom which you log in requently and the login

approvals setting can minimize the chance that someone

else can log in. Login approvals allow you to set up a

security code that must be entered in order or access

to be gained when logging on rom an unrecognized

device.Tisissetto"notrequired"automatically,

butsettingoneupisagoodidea.Useadierent

password than the one you use to log in to Facebook.

ProtectingYoursel

on Facebook

acebooksecurity:



12/15

Code Generator -Tisisalwayssetto"Enabled."

Itismoreormobileusethananythingelse.

App Passwords - Iyouhaveloginapprovals

setup,certainFacebookappsthatcannotreceive

securitycodesmaylockyouout.oavoidthis

problem,youcansetuppasswordsorappswith

crucialinormationlikeSkype,Xbox,andsoon.

Trusted Contacts - I you ever have trouble accessing

your Facebook account, your trusted riends, or those

in your trusted contacts, can securely help you. Tis is

completely optional, and you should be absolutely sure

the person or people listed here are trustworthy. I you

have any doubt at all as to whether riends or contacts

are trustworthy, it is best to leave this setting as is.

Recognized Devices - Devices rom which you log

inoen,suchasyourphone,willshowuphere.

Youwillnotbenotiedoanyloginsromthese

devices.Iyouwanttobenotiedoalllogins

romalldevices,nomatterwhat,incaseyoulose

yourphoneordeviceoryouarehacked,simply

click"Edit"then"Remove"bythedeviceslisted.

Active Sessions -Alwaysclickonthisromtime

totimetoseewhatitshows.Tiswilltellyouthe

dates, locations, and devices where you have logins.

I you don't recognize a device or location, click "End

Activity" to the right.

Privacy

Whilenotdirectlyasecuritymatter,settingupyourprivacy settings is very important. Tese settings, when

properly set up, can help protect you rom being exposed

to those you don't want to see your activity or inormation.

Privacy Settings

Te privacy settings are indicated by a padlock icon below

the Security Settings icon. Te ollowing items are part

o your privacy settings:

Who Can See My Stu? - Tis area shows you who

can see various things. You can decide who you wish

toshareyourinormationandactivitywithhere.

Who Can See Your Future Posts? - You can set this

to public, riends, only me, lists you have o riends, or

custom. Anything you post rom the time you change your

settings onward will only be seen by those you speciy.

Review All Posts and Things You're Tagged

In -Tisallowsyoutoreviewyouractivitylog

anddeletewhatyoudon'twanttobeshown.

Limit the Audience or Posts You've Shared with

Friends o Friends or Public? -Tissection,which

is indicated with a question, asks i you want to limit

your past posts so others can't search through them.

Who Can Look Me Up? - Tese sections let you decide

whocanndyoubysearchingoryouwithyour

inormation, like your email address or phone number.

Who Can Look You Up Using the Email Address or

Phone Number You Provided? -Youcanchoose

everyone, riends o riends, or riends or this setting.

Whoever you choose, those people can search or you

using your inormation. It is usually set to "everyone"

immediately.Youwillhavetosetittoanother

setting i you want to minimize who can nd you.

Do You Want Other Search Engines to Link to Your

Timeline? - Tis is a simple setting that requires you

to select "yes" or "no." It is automatically set to "yes."

I you don't want your inormation to be ound via

search engines, set this to no.

You do have much control over what is seen and shared

on Facebook. However, you should always keep in mind

that Facebook is, by nature, a public venue and it is always

possibleorpeopletondinormationaboutyouthat

you might believe is private. You should not assume any

right to privacy, not because that right doesn't exist, but

merelybecauseyouneverknowwhatcanbeseen.Be

sure to set up all privacy options available in such a way

that you are as protected as possible.



13/15

Garage sales are another classic way to make money or

charity,andtheycontinuetobepopularbecausethey

provide you with an easy way to get rid o unwanted items

at the same time as raising cash or a good cause. Books,

clothing, jewelry, urniture, and toys are particularly easy

tosellatgaragesales,andiyouspreadyoursaleover

two days you can start to reduce the prices i you nd it

hard to shi certain items.

Charitygoltournamentscanhelpyoutoraisealoto

money, but in order to arrange all the necessary donations

andplayers,itisagoodideatoormacommitteewith

otherpeoplewhowanttohelpyourchosencause.You

may nd that local businesses are interested in donating

appropriatetournamentprizesinexchangeortheir

name being clearly displayed on your adverts and signs.

Meanwhile, you can also get some general advice rom

mostgolcourseswithgoodreputations,astheywill

probablybeusedtohelpingwiththeorganizationocharity events and will know what works well. Usually,

charity gol tournaments involve around eighteen groups

oourgolers,eachstartingondierentholessothat

thetournamenttakeslesstime.Asaresult,acharity

tournamentnecessitateshiringawholegolcourse,

soyouwillneedtochargeanentryeethatmorethan

coversthecostsoorganizingyourevent.Inaddition,

youcanraisesomeextraundsbyorganizingarafe

and by selling snacks.

Firstly, nd a good place to hold your auction, picking a

time and date that is l ikely to attract plenty o bidders. Next,

decide exactly what you want to auction. One o the most

popularauctioningstylesinvolvesaccumulatingsmall

but attractive items rom supporters o the charity, but i

you want to be a bit more adventurous you can choose to

hold an auction o promises that is based around people

bidding or the time or skills o particular people. I you

can nd lots o volunteers, you can auction things such

aspianolessons,gardeningskills,anddogwalking.Inadditiontoholdingtheauctionatagoodtime,make

surethatyoupublicizeyoureventaroundyourtown.

For example, display yers in local stores and hand them

out on the street.

Bake sales provide an extremely productive and un way

to raise money or charity. I you get together with a ew

other people who support your avorite charity, you can

make huge numbers o dierent types o cookies, mufns,

and rosted cupcakes. Baked goods are surprisingly cheap

to make when you buy your supplies in bulk, so you stand

to make a large prot. Another particularly good reason

to choose a bake sale is that the success o the event does

not actually depend on people supporting your particular

charity. While some people who buy your cakes will dosobecausetheyseeyouareworkingtosupportagood

cause,otherswilljustwantatastysnack.Inorderto

hold a successul bake sale, ollow the advice given above

regarding auctions. In other words, make sure you hand

out yers, put up posters, and sell your goods in a busy

area that many people will pass through.

Charity dog washes are an excellent way to collect unds, and

they are especially perect i you happen to be supporting

anorganizationthattriestopreventanimalcrueltyor

rehome unwanted pets. Speak to the representatives o some

localveterinarypracticesandndoutwhichemployees

might want to participate in your event, as some o them

may be keen to provide additional grooming services and

(orexample)dentalchecks.Ontheday,provideplenty

o snacks, drinks, and pet supplies (such as collars, leads,

and treats), and then donate the proceeds o these sales to

your charity as well.

ORGANIZE A GOLF TOURNAMENT:

HOLD A CHARITY AUCTION:

SELL DELICIOUS TREATS AT A BAKE SALE:

ORGANIZE A DOG WASHING EVENT:

HOLD A GARAGE SALE:

5TO RAISE MONEY

FOR YOUR FAVORITE CHARITY

WAYS



14/15


You've heard it said, "Tere aren't enough hours in the day."

Hyper-productivity at the cost o al l else is becoming an

epidemic, and the inevitable trade-o is that most people

aren't coming anywhere close to the 7 to 9 hours o sleep

recommended by sleep experts. Te consequences o sleep

deprivation range rom short-term, such as the inability to

make smart choices on a daily basis, to serious long-termhealthriskssuchasheartproblems,diabetes,obesity,

and a shortened liespan. Fortunately, sleep deprivation

can oen be successully remedied by making the right

changes in your daily routine.

Keep a Regular Sleep Schedule.Settingregulartimesorgettingintobedandwaking

up in the morning is a good rst step to promoting sleep

welare.rynottoallintothehabitodisturbingthis

routineonweekends.Goingtobedearlyandgetting

upearlyhasbeendemonstratedtohavegreaterhealth

benets in the long run.

Take Short Naps.Te benets o a short siesta have been well documented

bysleepspecialists(thekeyhereisshort).akingjust

aewminutesoranaernoonsnoozecanbegreatly

helpul in combating sleep deprivation, and it becomes

easiertoallasleepquickerwithalittlebitopractice.

Ontheotherhand,longnaps(overhalanhour)can

bedetrimentalorchronicinsomniacs.entotwenty

minutes is an ideal length.

AvoidAlcoholandCaeinatedBeverages.While that nightcap might seem like a good way to take

theedgeoastressulday,alcoholinterereswiththe

REMsleepstageandcanleaveyoueelingevenmore

exhausted the next morning. Additionally, other diuretic

beverages such as cola and coee cause requent nighttime

trips to the bathroom.

Change Your Exercise Routine.Exercisehasmanybenets,andgettingagoodnight's

rest is one o them. However, sleep specialists recommend

avoiding exertion right beore bed because exercise causes

your body temperature to rise and prevents the release o

melatonin, a sleep-regulating hormone. Early morning

or aernoon is the ideal time or a trip to the gym.

Don't Watch Television Beore Bed.Watching stimulating V programs or playing computergames beore bed can hinder the natural production o

melatoninaswellascauserestlessdreamsthroughout

thenight.Instead,trywindingdownwithrelaxation

techniques such as deep breathing.

Create a Sleep-riendly Environment.Use heavy drapes, particularly in the summer when the

sun sets later and rises earlier. Closing the window every

night beore bed can be helpul in ltering out bothersome

noise. Adjusting the temperature in the bedroom might be

necessary to avoid waking up eeling too hot or too cold.Finding just the right comorter and pillow can make all

the dierence oen, waking up with a headache is an

indicator that you're using the wrong pillow.

Watch What You Eat.Eating too much beore bed, particularly high-at oods,

candetractromagoodnight'srest.Likewise,eating

toolittlecanbejustasmuchoadistraction.Small

amounts o ood and drink, such as a glass o milk or a

sandwich, can be helpul in osetting nighttime hunger.

Fish,bananas,andotheroodscontainingvitaminB6,an important ingredient in the production o serotonin,

are especially recommended.

Establishing just the right routine can take some time, as

old habits are difcult to break. But don't give up the

rewards o learning how to get a good night's sleep will

last a lietime.

GettingA

GoodNight's

Slee


15/15

SecuritiesoeredthroughCenterStreetSecurities,Inc.(CSS),a

registeredBroker-DealerandmemberFINRA&SIPC.Advisory

services oered through Brookstone Capital Management LLC(BCM),

aSECRegisteredInvestmentAdvisor.EikenberryRetirement

Planning and BCM are independent o CSS.