Financial Topics Newsletter

May 2010   Saturday, February 4, 2012
A Traveler's Workout Guide

Summer vacation is upon us!!! The excitement of travel often disrupts our daily routine. Changes in sleep patterns and diets often dampen our desire to exercise. A little planning and effort can encourage a fitness plan for any out of town trip.

Keep it simple – You probably aren’t going to be able to do the same routine as you would at home. Think of vacation as a fun way to switch up your normal regimen.

Get creative – Couches, chairs and even suitcases can be used as workout equipment. Old standards like push ups, lunges, crunches and jumping jacks require very little space. Hit the pool or run the stairs in the hotel. Think outside the box and your options are unlimited.

Commit – Pencil exercise into your vacation planner. If you know in advance that hour is blocked out you will be less likely to avoid it.

Make it fun – Invite your family to join you. Plan a scenic walking or jogging tour through a city. Set up an obstacle course at a park. Rent bikes and find the local riding paths.

Don’t sit at the airport – You will be sitting on the plane. Use your time in the airport to walk around, stretch, take the stairs and move as much as you can.

Prepare snacks – Pack healthy snacks so you aren’t forced to eat fast food all the time. It also avoids spending money at vending machines on a road trip.

Have a race – At every stop on a road trip encourage a race to the front door of the restaurant or rest area. It helps break up the trip and gets you moving on a long day of sitting.

Don’t be afraid to indulge yourself a little. Remember, you are on vacation!

 
Should You Convert to a Roth IRA?
Effective in 2010, all taxpayers, regardless of the amount of their adjusted gross income (AGI), can convert a traditional individual retirement account (IRA) to a Roth IRA. Amounts converted must be included in income if taxable when withdrawn (i.e., contributions and earnings in deductible IRAs and earnings in nondeductible IRAs), but they are exempt from the 10% early withdrawal penalty.
[FULL ARTICLE]
 
Advice on Saving for Your Child
Your child has finally finished college and started his/her first full-time job. What is the most important financial advice you can give? Participate in your 401(k) plan as soon as you are eligible.
[FULL ARTICLE]
 
Estate Planning for Blended Families
While estate planning can be complex for all families, it can be especially complex for those in other than a first marriage. Ensuring that everyone is treated fairly can be a challenge, but these tips can help.
[FULL ARTICLE]
 
Don't Forget to Rebalance
Simply put, rebalancing a portfolio means restoring it to your long-term asset allocation plan so that you get back on track with the risk/reward strategy that meets your goals and risk tolerance. This allows you to systematically follow an important investment strategy that many investors find difficult to accomplish - buy low and sell high.
[FULL ARTICLE]
 
Keep Saving after Retirement
Just because you're retired doesn't mean you should stop saving. Consider constructing a financial plan, working at least part-time, contributing to your 401(k) plan or individual retirement account (IRA), trying before you buy, keeping debt to a minimum, and looking for deals.
[FULL ARTICLE]
 

Bill serves his clients as their life advisor, with a belief that wealth management is an ongoing process in which he helps and coaches them to reach their personal financial objectives, including, financial independence, estate preservation, and a legacy of wealth, significance and values.

Feel free to contact Bill via e-mail at
smartdecisions@wisdominvestments.com
or visit our Web site
www.wisdominvestments.com
 

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Published by Bill Kmiecik
Copyright © 2010 Integrated Concepts Group, Inc. All rights reserved.
Some information provided in this newsletter was prepared by Integrated Concepts. This newsletter intends to offer factual and up-to-date information on the subjects discussed, but should not be regarded as a complete analysis of these subjects. The appropriate professional advisors should be consulted before implementing any options presented. No party assumes liability for any loss or damage resulting from errors or omissions or reliance on or use of this material.
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