Beruflich Dokumente
Kultur Dokumente
much you are spending on a given item on a monthly or annual basis. A $5 latte at the local coffee shop may seem insignificant on its own, but if you buy one five days a week, that adds up to over $100 per month and $1,200 per year. Pay bills on time using online recurring services. Online bill payment saves time and postage, and lets you avoid late fees by automating payments for many services. Timely bill payment also factors in your credit score. According to FICO, credit history accounts for about 35 percent of your credit score.4 Cancel recurring expenses you dont use. Many services today are purchased on a subscription basis, with monthly charges and automated annual renewals. That includes club memberships, gyms, newspapers, magazines, or online publications, not to mention cable TV and phone service. Taken individually, none of these expenses may amount to a lot, but when looked at collectively over the course of a year, they can be surprisingly high. Consider how often you use these services or if they can be renegotiated with the provider by reducing elective options.
not have to be used in a given year. HSAs are offered through banks or other financial services companies, and may be available as part of your employer benefits package. For more information, see IRS publication, 969 Health Savings Accounts and Other Tax-Favored Health Plans.7
For more information, contact Vickie Clark, Financial Advisor at Morgan Stanley at the Peoria, IL Branch. Call 309-671-2871 or visit: www. morganstanleyFA.com/Vickie.Clark.
Footnotes/Disclaimers 1 Source: Bankrate.com, http://www.bankrate.com/finance/mortgages/why-debt-to-income-matters-inmortgages-1.aspx. 2 Source: S&P Capital IQ. Example is hypothetical. Your results will differ. 3 Source: Experian, http://www.experian.com/credit-education/what-is-a-good-credit-score.html. 4 Source: Fair Isaac Corporation, 2013, http://www.myfico.com/crediteducation/whatsinyourscore.aspx. 5 Source: Internal Revenue Service, http://www.irs.gov/uac/2013-Pension-Plan-Limitations. 6 Source: Internal Revenue Service, http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-IRA-Contribution-Limits. 7 Source: Internal Revenue Service. http://www.irs.gov/pub/irs-pdf/p969.pdf.
Article by Wealth Management Systems, Inc. and provided courtesy of Morgan Stanley Financial Advisor. The author(s) are not employees of Morgan Stanley Smith Barney LLC (Morgan Stanley). The opinions expressed by the authors are solely their own and do not necessarily reflect those of Morgan Stanley. The information and data in the article or publication has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Neither the information provided nor any opinion expressed constitutes a solicitation by Morgan Stanley with respect to the purchase or sale of any security, investment, strategy or product that may be mentioned. Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (Morgan Stanley), its affiliates and Morgan Stanley Financial Advisors do not provide tax or legal advice and are not fiduciaries (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise agreed to in writing by Morgan Stanley. This material was not intended or written to be used for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account. Morgan Stanley Financial Advisor(s) engaged Healthy Cells magazine to feature this article. Vickie Clark may only transact business in states where she is registered or excluded or exempted from registration www.morganstanleyFA.com/VickieClark . Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Vickie Clark is not registered or excluded or exempt from registration. (c) 2013 Morgan Stanley Smith Barney LLC. Member SIPC. CRC 758843 11/13]
www.hcr-manorcare.com
Riverview Senior Living Community 500 Centennial Drive East Peoria, IL 61611 309.694.0022
December 2013 Peoria Healthy Cells Magazine Page 19