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Follow on Google News | March 2010 Trendline Financial MonthlyMonthly newletter of Trendline Financial Solutions, a financial planning practice on Long Island, NY
Peter Owen, ChFP, CLU, FLMI, CRSP, CISP President 223 Parker Avenue West Hempstead NY 11552 (516) 317 - 2860 peter@trendlinefinancialsolutions.com www.TrendlineFinancialSolutions.com Refer a friend Trendline Financial Monthly March 2010 Hi Everyone By now you should have filed that tax return and are thinking what to do with the refund. Answer - PAY DOWN DEBT. Check the current interest rates you are paying on those credit cards - they are staggering, 16% - 24%. Interest rates are going to rise, just a question of when. The Federal Reserve has been giving advance notice that it will happen, though maybe not until later this year. Most disturbing are reports I read showing people are piling their money into Bond Funds, presumably for safety. Remember, bond funds get hurt during periods of rising interest rates. Time to again review your asset allocation. We are here to assist if want help in your review. Peter Owen ------------------------------------------------------------ How to Double the Power of Your Tax Refund Filing your taxes may be a dreaded chore, but receiving your refund is a wonderful reward. What you do with a refund is up to you, but here are some ideas that may make your tax refund twice as valuable. More Details ------------------------------------------------------------ 529 College Savings Plans vs. Roth IRAs After the 2008/2009 market collapse, some parents have opted to trade the tax benefits of 529 plans for savings vehicles that don't have a "must-be-used- More Details ------------------------------------------------------------ 10 Financial Terms Everyone Should Know Understanding financial matters can be difficult because of the jargon used. Becoming familiar with these ten financial terms may help make your financial picture clearer. More Details ------------------------------------------------------------ Ask the Experts: What is the premature distribution tax? Taxable distributions you receive from an IRA, 403(b), 401(k), or qualified employer plan before age 59½ are generally referred to as premature distributions, or early withdrawals. More Details Ask the Experts: What is the "SEPP" exception to the premature distribution tax? Taxable distributions you receive from an IRA or 401(k) plan before age 59½ are subject to a 10% early withdrawal penalty unless an exception applies. One important, but sometimes overlooked, exception is for SEPPs--substantially equal periodic payments. More Details ------------------------------------------------------------ The information in any newsletter or within the website should not be construed, in any manner whatsoever, as the receipt of or a substitue for personalized individual advice from Trendline Financial Solutions. Advice may only be given after client has received a copy of the Firm's Form ADV on file with the New York State Dep't of the Attorney General, appropriate Firm disclosures as required by Law, and entered into a Financial Planning agreement with the Firm. # # # Financial Planning frim in West Hempstead, NY convenient to Garden City and Rockville Centre, and Southold New York End
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