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Top Five Financial Priorities for 2014 

Top Five Financial Priorities for 2014
Dear Friend,

     I begin this New Year by giving thanks to my clients.  It is an honor and a privilege to work with you and I am grateful for your business.

   Many thanks are also extended to friends, family and colleagues who have helped to shape CAIM and contributed to its growth.

In this month’s newsletter we are once again offering you a list of “To Do” items that will help you get your financial life in order.  We have repeated these items many times over the years, but our lives get so hectic they don’t always get done.
Wishing all of you a happy, healthy and prosperous New Year!

Warm regards,

 

Catherine Maniscalco Avery

 

The backbone of CAIM is to employ a classic long term investment strategy including dividend paying stocks. CAIM is an independent, women owned investment management firm specializing in managing investment portfolios for women and baby boomers.

203.966.2712  p
203.966.5697  f
January 16, 2014|  Issue No. 48
In This Issue
Top 5 Financial Priorities
Holiday Gift Giving
Market Update 3Q ’13

Quick Links

Find Out More
Call me at 203.966.2712
or visit www.caimllc.com.

 

Your Top 5 Financial Priorities for 2014 

 

1. Review your IRA contributions. Are you making the maximum contributions to your retirement account?   If you are a business owner, make sure you are invested in the right account i.e. the one(s) that allow you to make the maximum investments.   Remember, those over 50 have the opportunity to put away more dollars in order to catch up if needed.

2. Wills.  Do you have one?  Is it updated?   Sometimes we can start out with a will when we first have children, but life progresses, more children come along and they do not get included in that same will.  Divorced individuals also need to make sure they prepare a new will.

3. Make sure you have a power of attorney directive in place (estate planning.)  No one really wants to think about this, but it really is necessary. Even the healthiest people can experience an unforeseen accident and be unable to speak for themselves.  It is critical to put everything in writing, so that it is very clear what your wishes are if you cannot express them.  In addition, consider preparing a living will that spells out your preferences for certain types of life-sustaining treatments.

 

4. Attack the debt. Consolidate your debts with the aim of eliminating one at a time.  If you have a home equity line of credit (HELOC) consider using it to pay off your debt.   HELOCs usually have much lower interest rates and you can often write off the interest.  Or transfer your credit card balances to 0% interest rate promotions and use the extra money to pay off the highest interest rate card you have.   You can also pay off one card at a time by paying the minimum on the lowest interest rate cards, and as much as you can on the highest rate card. 

5. Review your investments.  Are they meeting your goals and financial needs?   Is your cash earning any interest? Have you reviewed the bonds in your portfolio?  These are just some of the questions you should be asking yourself.  And remember to check in with your financial advisor.

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Holiday Gift Giving 2013

 


It’s that time of year when children gather around the kitchen table, pad and pencil in hand, to write their letters to Santa.    And while everyone wants to please the little ones….Read more >>

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Market Update 3Q 2013  

To taper (wind down the bond purchasing program which will cause interest rates to rise), or not.  This was the question as regards….Read more >>
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Disclaimer: NO CONTENT PUBLISHED AS PART OF THE CAIM LLC NEWSLETTER CONSTITUTES A RECOMMENDATION THAT ANY PARTICULAR INVESTMENT, SECURITY, PORTFOLIO OF SECURITIES, TRANSACTION OR INVESTMENT STRATEGY IS SUITABLE FOR ANY SPECIFIC PERSON.  TO THE EXTENT ANY OF THE CONTENT PUBLISHED AS PART OF THE BLOG MAY BE DEEMED TO BE INVESTMENT ADVICE, SUCH INFORMATION IS IMPERSONAL AND MAY NOT NECESSARILY MEET THE OBJECTIVES OR NEEDS OF ANY SPECIFIC INDIVIDUAL OR ACCOUNT, OR BE SUITABLE ADVICE FOR ANY PARTICULAR READER.  EACH READER AGREES AND ACKNOWLEDGES THAT ANY SPECIFIC ADVICE OR INVESTMENT DISCUSSED IN THE BLOG MUST BE INDEPENDENTLY EVALUATED BY THE READER AND HIS OR HER ADVISER IN VIEW OF THE READER’S INVESTMENT NEEDS AND OBJECTIVES.
CAIM, LLC | 27 Pine Street | New Canaan | CT | 06840

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