Kemp Harvest Financial Group
Kemp Harvest Financial Group® Harvest News
4
Ways to Set Financial Goals You’ll Actually Meet This Year
Imagine you’re planning a family vacation, and your spouse wants to drive while you want to book a flight. If you’re planning a trip to the campground near your house, it would be ridiculous to fly; if you’re planning a trip to Europe, driving is out of the question. Your destination largely influences how you will get there, and it’s the same with financial planning. Before you think of choosing investments or forming an estate plan, you first have to establish your financial goals. After all, until you choose your goals, you have no way of making progress toward them. Step 1: Establishing goals To determine your financial goals, start by identifying things that will make you feel happy, fulfilled, and financially secure. It’s likely, based on these requirements, you’ll define a combination of short-term, intermediate, and long-term goals. Short-term goals can be accomplished
within the next year, such as saving for an annual vacation. Intermediate goals will generally be accomplished within the next two to five years, such as saving for a wedding or planning for the financial responsibilities that come from having a child. Long-term goals are more than five years away, such as saving for retirement or your children’s college education. Although goals may have different time frames, they should still be planned in coordination with each other, as achieving your short-term goals may affect your long-term goals. Step 2: Specifying Goals Some common financial goals include buying a house, getting out of debt, or saving for retirement. These goals should be cost-specific, have a time frame, be measurable,
Quarter 1, 2017
be realistic, and indicate a course of action. For example, instead of “buying a home,” your goal could be: “I want to put 3 percent of my paycheck into a savings account each month so I can buy a home within the next five years, with a mortgage
payment below $3,000 per month.” By setting specific, realistic goals, it’s easier to measure your progress toward them, and your likelihood of achieving them will increase. Step 3: Prioritizing Goals If you have a list of financial goals, boost your chance of attaining them by prioritizing them as primary goals and secondary goals. You can rank goals in terms of both urgency and cont. on next page
cont. from prev. page
importance. For instance, contributing to your retirement fund is important, but it may have to come second to paying off credit card debt, which is more urgent. If you have conflicting goals, such as saving for retirement and your child’s education, you may decide based on which is more beneficial to the most people, or which causes the least amount of harm. Using the example of choosing between saving for retirement or your child’s education, consider that your child may be able to get a scholarship or take out a loan, but if you don’t have retirement savings, you will have little to no income to live off of in your retirement years. Step 4: Taking action Once you’ve established, specified, and prioritized your goals, you can start making progress toward them. To keep your spending in check while on the way to your financial goals, before making a large purchase ask yourself, “Will this get me closer to my goal?” Keeping your goals at the top of your mind can help you stay positive, as you will be able to track how putting money toward buying a home rather than a new designer handbag gets you closer to your goal, rather than focusing only on the fact that you don’t have the handbag. Keep in mind that your goals will need to be flexible – just as your priorities and needs will change as you grow older, your goals will also need to change. You should reevaluate your goals at least every few years to make sure they still apply and you are making progress toward them. And remember, the sooner you set your goals, the more time you have to save and the higher the likelihood you’ll reach them. ♦
W
hat to remember about tax season
Are your taxes in order? It may seem like you have all the time in the world to file your taxes, but April 18th can sneak up on you quickly if you don’t have a plan for tax preparation.
Tax Deadline - Tuesday, April 18th 1. Gather all of your personal information, including Social Security number and date of birth for you and anyone else you include in your filing (i.e. your spouse and any dependents). 2. Gather all of your significant tax documents into one place, including your W-2, any applicable 1099 forms and records of taxes you’ve paid (state/local income tax, real estate taxes, personal property taxes, etc.) 3. Continue to schedule annual reviews with your financial advisor. Regular meetings will help you to stay aware of your financial situation and maximize your tax savings. For more information on annual reviews, or to schedule an appointment, please call our office at (215)5134330. ♦
Don’t forget! Schedule your tax appointment for the 2017 tax season today For more information and to schedule your appointment, please call our office at (215)513-4330, or visit www.kempharvest.com/tax-advisory/. NPC does not provide tax advice.
www.kempharvest.com
Have you met David?
David A. Lawrence, CFP®, AIF®, recently earned his Pennsylvania Life and Health certification, along with his Accredited Investment Fiduciary® designation. He’s been holding client appointments, and will be taking over satellite office meetings this year. We are happy to celebrate a full year of having David on our team. David’s schedule is filling up quickly, so be sure to request him for your next review! ♦
Employee Spotlight
Meet the newest members of Kemp Harvest!
Marci Prior
Client Service Assistant When did you start working at KHFG? October 2016 Where did you grow up? Danielsville, Pennsylvania What do you do for fun? Get lost in the world of Netflix & Pinterest. Entertain my dachshund. What is your favorite part of the job? Awesome co-workers and fun events What is one thing on your bucket list? Hike the White Mountains of New Hampshire
Jon Cahill
Retirement Plan Developer When did you start working at KHFG? September 2016 Where did you grow up? Langhorne, Pennsylvania What do you do for fun? Netflix, eating food, and reading What is your favorite part of the job? Working with the great people at KHFG, getting to meet the clients and hear their stories and adventures What is one thing on your bucket list? Deep-sea dive with sharks ♦
www.kempharvest.com
Join us for this quarter’s Town Hall, where we’ll discuss Continuing Care Retirement Communities (CCRCs) and how to ensure you’re doing what’s necessary to financially plan for that transition. John Bryant, CEO of Christ’s Home, will be our guest speaker, and will provide insight and answer any questions you may have. These informational events have proven to be extremely popular, so be sure to sign up fast. We would love to see you and your friends and family in attendance! Want more information on how to attend? Visit our Upcoming Events webpage at www.kempharvest.com/upcoming-events/.♦
Upcoming Events Social Security Workshops
Henning’s Community Room, Harleysville, PA Tuesday , January 24th 1-3pm or 6-8pm
We had a great time at our Annual Client Open House this past September! The Best of Philadelphia was certainly celebrated with cheesesteaks, soft pretzels, “wooder ice,” and tons of Philly sports team spirit! For more information on how you can attend this annual event, please feel free to call our office.♦
Jan. & Feb. Birthday Club Maggiano’s, King of Prussia, PA Thursday, February 9th Exclusive to KHFG Clients
Town Hall Talks: Retirement Communities King of Prussia, PA Thursday, March 9th Further Details to be Announced
For more information on any of our events, or to register, please contact us at (215)513-4330 or register online at www.KempHarvest.com.♦
www.kempharvest.com
W
hat’s going on in Quarter 1?
Retirement Plain and Simple®
January
1 - New Year’s Day 16 - Martin Luther King’s Birthday 28 - Fun at Work Day
February 2 - Groundhog’s Day 14 - Valentine’s Day 20 - President’s Day
Have you heard Mark & Todd on the radio? Tune in every Saturday morning at 8:00am on WNPV AM1440 to hear Retirement Plain and Simple®!
March 3 - Caregiver Appreciation Day 12 - Daylight Savings Begins 17 - St. Patrick’s Day
Find us online!
Quotes Corner
www.KempHarvest.com www.facebook.com/KempHarvest www.youtube.com/KempHarvest www.kempharvest.com/Harvest-News www.linkedin.com/KempHarvest Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Adviser. Kemp Harvest Financial Group and NPC are separate and unaffiliated companies and are independently owned and operated. NPC does not provide tax or legal advice. NPC # 113930 12/18
www.kempharvest.com
Kemp Harvest Financial Group® 331 Ruth Road Harleysville, PA 19438
Are you interested in adding a friend or family member to our mailing list? If so, please complete the form below and return to us at:
Kemp Harvest Financial Group® 331 Ruth Road, Harleysville, PA 19438
Your Name: Contact Name: Address: Email Address: Relationship: Birthday Month: Please add my contact to your mailing list
Please add my contact to your email list
www.kempharvest.com
4
Ways to Set Financial Goals You’ll Actually Meet This Year
Imagine you’re planning a family vacation, and your spouse wants to drive while you want to book a flight. If you’re planning a trip to the campground near your house, it would be ridiculous to fly; if you’re planning a trip to Europe, driving is out of the question. Your destination largely influences how you will get there, and it’s the same with financial planning. Before you think of choosing investments or forming an estate plan, you first have to establish your financial goals. After all, until you choose your goals, you have no way of making progress toward them. Step 1: Establishing goals To determine your financial goals, start by identifying things that will make you feel happy, fulfilled, and financially secure. It’s likely, based on these requirements, you’ll define a combination of short-term, intermediate, and long-term goals. Short-term goals can be accomplished
within the next year, such as saving for an annual vacation. Intermediate goals will generally be accomplished within the next two to five years, such as saving for a wedding or planning for the financial responsibilities that come from having a child. Long-term goals are more than five years away, such as saving for retirement or your children’s college education. Although goals may have different time frames, they should still be planned in coordination with each other, as achieving your short-term goals may affect your long-term goals. Step 2: Specifying Goals Some common financial goals include buying a house, getting out of debt, or saving for retirement. These goals should be cost-specific, have a time frame, be measurable,
Quarter 1, 2017
be realistic, and indicate a course of action. For example, instead of “buying a home,” your goal could be: “I want to put 3 percent of my paycheck into a savings account each month so I can buy a home within the next five years, with a mortgage
payment below $3,000 per month.” By setting specific, realistic goals, it’s easier to measure your progress toward them, and your likelihood of achieving them will increase. Step 3: Prioritizing Goals If you have a list of financial goals, boost your chance of attaining them by prioritizing them as primary goals and secondary goals. You can rank goals in terms of both urgency and cont. on next page
cont. from prev. page
importance. For instance, contributing to your retirement fund is important, but it may have to come second to paying off credit card debt, which is more urgent. If you have conflicting goals, such as saving for retirement and your child’s education, you may decide based on which is more beneficial to the most people, or which causes the least amount of harm. Using the example of choosing between saving for retirement or your child’s education, consider that your child may be able to get a scholarship or take out a loan, but if you don’t have retirement savings, you will have little to no income to live off of in your retirement years. Step 4: Taking action Once you’ve established, specified, and prioritized your goals, you can start making progress toward them. To keep your spending in check while on the way to your financial goals, before making a large purchase ask yourself, “Will this get me closer to my goal?” Keeping your goals at the top of your mind can help you stay positive, as you will be able to track how putting money toward buying a home rather than a new designer handbag gets you closer to your goal, rather than focusing only on the fact that you don’t have the handbag. Keep in mind that your goals will need to be flexible – just as your priorities and needs will change as you grow older, your goals will also need to change. You should reevaluate your goals at least every few years to make sure they still apply and you are making progress toward them. And remember, the sooner you set your goals, the more time you have to save and the higher the likelihood you’ll reach them. ♦
W
hat to remember about tax season
Are your taxes in order? It may seem like you have all the time in the world to file your taxes, but April 18th can sneak up on you quickly if you don’t have a plan for tax preparation.
Tax Deadline - Tuesday, April 18th 1. Gather all of your personal information, including Social Security number and date of birth for you and anyone else you include in your filing (i.e. your spouse and any dependents). 2. Gather all of your significant tax documents into one place, including your W-2, any applicable 1099 forms and records of taxes you’ve paid (state/local income tax, real estate taxes, personal property taxes, etc.) 3. Continue to schedule annual reviews with your financial advisor. Regular meetings will help you to stay aware of your financial situation and maximize your tax savings. For more information on annual reviews, or to schedule an appointment, please call our office at (215)5134330. ♦
Don’t forget! Schedule your tax appointment for the 2017 tax season today For more information and to schedule your appointment, please call our office at (215)513-4330, or visit www.kempharvest.com/tax-advisory/. NPC does not provide tax advice.
www.kempharvest.com
Have you met David?
David A. Lawrence, CFP®, AIF®, recently earned his Pennsylvania Life and Health certification, along with his Accredited Investment Fiduciary® designation. He’s been holding client appointments, and will be taking over satellite office meetings this year. We are happy to celebrate a full year of having David on our team. David’s schedule is filling up quickly, so be sure to request him for your next review! ♦
Employee Spotlight
Meet the newest members of Kemp Harvest!
Marci Prior
Client Service Assistant When did you start working at KHFG? October 2016 Where did you grow up? Danielsville, Pennsylvania What do you do for fun? Get lost in the world of Netflix & Pinterest. Entertain my dachshund. What is your favorite part of the job? Awesome co-workers and fun events What is one thing on your bucket list? Hike the White Mountains of New Hampshire
Jon Cahill
Retirement Plan Developer When did you start working at KHFG? September 2016 Where did you grow up? Langhorne, Pennsylvania What do you do for fun? Netflix, eating food, and reading What is your favorite part of the job? Working with the great people at KHFG, getting to meet the clients and hear their stories and adventures What is one thing on your bucket list? Deep-sea dive with sharks ♦
www.kempharvest.com
Join us for this quarter’s Town Hall, where we’ll discuss Continuing Care Retirement Communities (CCRCs) and how to ensure you’re doing what’s necessary to financially plan for that transition. John Bryant, CEO of Christ’s Home, will be our guest speaker, and will provide insight and answer any questions you may have. These informational events have proven to be extremely popular, so be sure to sign up fast. We would love to see you and your friends and family in attendance! Want more information on how to attend? Visit our Upcoming Events webpage at www.kempharvest.com/upcoming-events/.♦
Upcoming Events Social Security Workshops
Henning’s Community Room, Harleysville, PA Tuesday , January 24th 1-3pm or 6-8pm
We had a great time at our Annual Client Open House this past September! The Best of Philadelphia was certainly celebrated with cheesesteaks, soft pretzels, “wooder ice,” and tons of Philly sports team spirit! For more information on how you can attend this annual event, please feel free to call our office.♦
Jan. & Feb. Birthday Club Maggiano’s, King of Prussia, PA Thursday, February 9th Exclusive to KHFG Clients
Town Hall Talks: Retirement Communities King of Prussia, PA Thursday, March 9th Further Details to be Announced
For more information on any of our events, or to register, please contact us at (215)513-4330 or register online at www.KempHarvest.com.♦
www.kempharvest.com
W
hat’s going on in Quarter 1?
Retirement Plain and Simple®
January
1 - New Year’s Day 16 - Martin Luther King’s Birthday 28 - Fun at Work Day
February 2 - Groundhog’s Day 14 - Valentine’s Day 20 - President’s Day
Have you heard Mark & Todd on the radio? Tune in every Saturday morning at 8:00am on WNPV AM1440 to hear Retirement Plain and Simple®!
March 3 - Caregiver Appreciation Day 12 - Daylight Savings Begins 17 - St. Patrick’s Day
Find us online!
Quotes Corner
www.KempHarvest.com www.facebook.com/KempHarvest www.youtube.com/KempHarvest www.kempharvest.com/Harvest-News www.linkedin.com/KempHarvest Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Adviser. Kemp Harvest Financial Group and NPC are separate and unaffiliated companies and are independently owned and operated. NPC does not provide tax or legal advice. NPC # 113930 12/18
www.kempharvest.com
Kemp Harvest Financial Group® 331 Ruth Road Harleysville, PA 19438
Are you interested in adding a friend or family member to our mailing list? If so, please complete the form below and return to us at:
Kemp Harvest Financial Group® 331 Ruth Road, Harleysville, PA 19438
Your Name: Contact Name: Address: Email Address: Relationship: Birthday Month: Please add my contact to your mailing list
Please add my contact to your email list
www.kempharvest.com
