the latest Kemp Harvest Financial Group® Newsletter!

Kemp Harvest Financial Group®
Harvest News
6
Small Ways to Save Big Money
Instead of focusing a lot of effort on making many changes to your
spending habits, these six areas of your financial life can yield big savings and
earnings with just a few small tweaks.
Insurance
Many insurance carriers offer a
bundling discount if you purchase
multiple insurance plans through
them. If you have two cars, insure
both with the same firm and consider
using that firm for your rental or
home owners insurance too. Ask
your broker for other discounts you
might be eligible for. Another great
way to save on auto insurance is to
increase your deductible to lower
your monthly premiums.
Your Home
If you’re currently looking for a new
home, try to purchase one that costs
less than what you think you can
Quarter 2, 2016
a lower interest rate.
Spending Plan
Think of your budget as a way
to organize your spending, not
necessarily limit it. You can
automate your finances to make sure
your savings and investing goals
are always met and your bills are
always paid on time. This will save
you money by avoiding late fees
and penalties. By having a budget,
you’re less likely to waste money on
purchases you’ll later regret.
afford, and don’t forget to factor in
association fees, taxes, homeowners
insurance and other costs that come
with owning a home. If you already
own a home, consider refinancing
to potentially save hundreds each
month. Finally, making your home
safer (such as by installing a smoke
detector)
can
decrease your home
Automate your finances to make sure your
owners insurance
savings and investing goals are always met
premiums.
and your bills are always paid on time.
Debt Payment
If you can, pay off
your credit card bills in full each
month so you won’t ever have to pay
interest. To prevent having to put
large amounts of money on a credit
card with a high interest rate, save up
an emergency fund for unexpected
expenses. If you’ve already charged
a sizeable debt, develop a debt
repayment plan and work it into your
budget so you can pay off your cards
as soon as possible and pay less
interest in the long run. If you’re in
good standing, it’s worth it to contact
your credit card company to request
Taxes
Make sure you’re taking advantage
of applicable deductions and credits.
To lower your taxable income,
contribute money to a 401(k), IRA,
or 529 plan. To minimize your capital
gains tax, consider selling some of
your investments at a loss – but make
sure you’re not using taxes as your
main motivation for selling. Another
easy way to get a tax deduction is
to make a charitable contribution.
Finally, a Health Savings Account is
continued on next page
a tax-free way to save money for health expenses. The
money goes into the account tax-free and is exempt from
taxes upon distribution.
It’s time for
Spring
Investing
The best way to get a return on your investment is to
start early. Open a retirement plan and begin contributing
as soon as possible so your money can experience the
“magic of compounding” that only happens over time.
Keep in mind that frequent trading and investing small
amounts over time may cost more in commission and
fees. Research the fees associated with your investments
to make more strategic decisions or consider switching to
a lower cost plan.
Cleaning
and we are ready to help!
Not everyone has a shredder at home, and
shredding services can be expensive - feel
free to bring your old tax forms, financial
records, and documents with Personally
Identifiable Information to our office.
Sometimes the smartest financial moves (such as
investing or buying insurance) can quickly eat away at
your budget. By making small changes in these six areas,
you can save significant amounts of money without
significant effort. ♦
We will securely shred and dispose
of your documents for you!
If you have any questions, please call our
office at (215)513-4330.
Food for
Thought
“Money is another pair of hands to
heal and feed and bless the desperate
families of the earth. In other words,
money is my other self. Money can
go where I do not have time to go,
where I do not have a passport to go.
My money can go in my place and
heal and bless and feed and help.
B
e sure to mark your calendars
with our upcoming events!
Client Appreciation Event
Philadelphia Trolley Tour, Philadelphia, PA
Saturday, April 16th, Invitation Only
Social Security Workshops
Henning’s Community Room, Harleysville, PA
Thursday, April 14th from 1-3pm
Monday, April 18th from 6-8pm
Client Open House
A man’s money is an
extension of himself.”
Kemp Harvest Office, Harleysville, PA
Saturday, September 24th
-Author Bruce Larson
To register, please contact us at (215)513-4330 or
Heather at [email protected]. For more
information on any of our events, visit the Upcoming
Events page found at www.kempharvest.com. ♦
www.kempharvest.com
Teaching Kids About Money
As a parent, it’s your responsibility to teach your children
about the world, including how to manage money.
Financial literacy is one of the most important lessons
you can impart on your children to make them successful
in adulthood. Raise fiscally responsible children by
teaching them the right lessons for their developmental
level. Teach them the basics from a young age, and build
on them as your children grow up.
• Smart shopping: Children need to know about
comparison shopping, unit prices, coupons, generic
goods and how value is tied to price. Have your child
help you decide between comparable products at the
store based on quality and price.
Providing a weekly or monthly allowance is a great way
to help children practice these new skills. It’s important
for your children want to budget and save money on their
own, so they’ll continue the practice when you’re no longer
Young Children: 2-7 years old
controlling their cash flow.
You can decide how early to begin teaching your child
about money. Some experts suggest beginning as soon as a
child shows an interest in money or starts asking for things
at the store. You and your child should work through these
educational goals during this period in the following ways:
• Recognizing money: Your child needs to be able to
identify different coins and bills and differentiate
between the value of each.
• Making correct change: Teach your child how to
add and subtract money using bills and coins (real or
pretend).
• Saving for a goal: If your child gets an allowance,
Teenagers (13-19 years old)
help him or her stash some or all of it away in a piggy
By the time a child becomes a teenager, he or she is ready to
bank with a specific purchase goal in mind.
learn about the more complex aspects of finances. Prepare
Young children learn by modeling behavior, so take any your teenager for adulthood with these final fiscal lessons.
opportunity you can to show your child your own responsible
• Checking: Make sure your teen has his or her own
money use – point out the cheapest options at the grocery
checking account before college. Teens should be
store or tell the child what your savings goals are. Young
able to write checks, balance a checkbook, and avoid
children also learn by playing games, so try turning your
overdrawing.
living room into a store, or clipping coupons together.
• Getting a job: The best way for a teenager to learn the
Elementary Age Children (8-12 years)
value of a dollar is to earn money from a job. Your child
Older children have more experience with math and a
will practice skills such as interviewing and working
bigger capacity for understanding how money works. Now
with others, and they’ll have a better idea of what their
is the perfect time to teach your child where money comes
money is worth when they earn it themselves.
from, how to earn it, and how to manage it.
• Investing: Open an investment account for your child
– start simple with a money market account, CDs or
• Banking: Open a bank account for your child and make
savings bonds. Teach your child about the stock market
regular trips to the bank together to deposit money for
and introduce the concept of diversifying.
savings. As an incentive for savings, consider matching
your child’s savings contribution.
If you’re responsible with your own money and model that
• Budgeting: Teach your child the difference between behavior to your children from an early age, they will most
needs and wants, and help him or her allocate allowance likely follow suit. Keeping the lines of communication and
money among savings, spending money, and charitable education open is the key to ensuring that your children
contributions.
grow up fiscally literate. ♦
This article was written by Advicent Solutions, an entity unrelated to Kemp Harvest Financial Group. The information contained in this article is not intended to be tax, investment, or legal advice, and it may not be relied on for the purpose
of avoiding any tax penalties. Kemp Harvest Financial Group does not provide tax or legal advice. You are encouraged to consult with your tax advisor or attorney regarding specific tax issues. © 2014 Advicent Solutions. All rights reserved.
www.kempharvest.com
Employee Spotlight
Get to know Melissa Tamaro!
Title: Business Development Manager
Start Date: February 14th, 2011
Hometown: Warrington, Pennsylvania
Three Words to Describe You: Loyal, Enthusiastic,
and Decisive
Family: I am loved by my amazing family: my
daughter, Sam (22), my son, Nicholas (15), my
boyfriend, Sean, and his daughters, Alex and Farrah.
Hobbies: I love traveling, spending time with my
family, and watching movies.
Favorite Part of the Job: I am thrilled about my
new role as Business Development Manager. I
treasure the relationships that I have with our clients,
and I envision extraordinary things for KHFG’s
future!
Name One Thing On Your Bucket List: Have a
home at the beach!
From left to right: Sean, Farrah, Nicholas, Melissa, and Sam
We are thrilled to announce Melissa’s new
role as Business Development Manager!
Melissa is an invaluable member of our
team, having taken on many different roles
throughout her 5-year tenure. In Melissa’s new
role, she will be responsible for developing and
maintaining long-lasting relationships with all
of our clients. She is responsible for overseeing
the client experience and will be available to
clients and staff alike as a general resource for
client support and questions. Since we opened
our doors to your friends and family and clients
outside of Verizon, our staff has been steadily
growing. Melissa’s role throughout this growth
is to ensure we’re providing the same family feel
and experience you have become accustomed
to when working with KHFG. Melissa’s door is
always open, so feel free to stop in and say hello
next time you visit us! ♦
www.kempharvest.com
W
hat’s going on in Quarter 2?
April
Want to learn more?
Visit our YouTube page to see a brand-new series of
videos created with you in mind!
• The 3 P’s of Financial Planning
• 4 Ways to Classify Assets
• Average vs. Real Rate
• ...just to name a few!
18 - Tax Day
27 - Administrative Professionals Day
May
8 - Mother’s Day
30 - Memorial Day
H
ave you heard us on the radio?
Tune in every Saturday morning at 8:00am
on WNPV AM1440 to hear Mark & Todd’s
radio show, Retirement Plain and Simple®!
June
14 - Flag Day
19 - Father’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 # 106365 03/18
www.kempharvest.com
Kemp Harvest
Financial Group®
331 Ruth Road
Harleysville, PA 19438
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19438
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