Kemp Harvest Financial Group Harvest News

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1 Kemp Harvest Financial Group Harvest News Quarter 3, Mistakes People Make Before Retirement A good retirement draws on a lifetime of saving and work. However, despite its huge importance, many people slip up in the years just before this milestone. Here are five of the biggest mistakes people make as they approach retirement: 1. Not Preparing A Budget Do not wait until retirement to make a detailed budget. Budgets built on frugal spending or optimistic estimations can be broken by relatively small lifestyle changes. Create your retirement budget years in advance and tweak it annually to improve its accuracy. 2. Decreasing Retirement Savings As retirement gets closer, those with accounts projected to meet retirement needs often cut their savings, thinking that their money won t grow much before retirement. You should remember that invested funds have the potential to keep growing until the end of retirement, 20 or 30 years down the road. 3. Taking Social Security Early Those who take social security benefits before their full retirement (benefits are available as early as age 62) will receive reduced payments. If you are still working, tax repercussions may make delaying benefits a smart option. 4. Lending Too Much to Family For most, supporting family is of the utmost importance. But retirees need to remember that children and grandchildren have decades more to recover from losses and debt than they do. It may be hard to say no, but if handing out loans scuttles your retirement, it will end up costing everyone in the family more money. 5. Relying on Home Values Many people rely on their home equity to fund a substantial portion of their retirement. While using home equity is not necessarily a bad thing, you should diversify your assets as much as possible to avoid home prices dictating your entire retirement. Join us for Kemp Harvest s Annual Client Open House Saturday, September 24th, Invitation Only We re celebrating the best that Philly has to offer - everything from soft pretzels to incredibly loyal sports fans to that beautiful skyline! Come hungry, wear your favorite jersey, and get ready to celebrate The Best of Philadelphia!

2 Todd Little Awarded NSSA Advisor Certification Certified Financial Planner Qualified to Help Retirees Select Appropriate Time to Access Social Security Benefits Todd Little of Kemp Harvest Financial Group in Harleysville, Pennsylvania has achieved National Social Security Advisor certification from the National Social Security Association, LLC in Cincinnati. The certification allows Todd to counsel clients on an appropriate way to claim Social Security benefits in order to optimize lifetime Social Security income. Todd is experienced in providing in personal, professional, and prudent financial services. He has also taught dozens of Social Security workshops in the Montgomery County area, making a point to inform and empower every attendee. The NSSA program includes one day of training and prepares professional advisors for the myriad of questions that their clients are asking. Also, with this training, advisors can guide their clients through the many Social Security options that are available. NSSA advisors are qualified to help the growing numbers of baby boomers. The program is believed to be the only one of its kind in the nation. The National Social Security Advisor program was created by Kiner and Blair, a 35 year veteran of the Social Security Association. With 10,000 Baby Boomers turning 65 each day in the U.S., Kiner and Blair believe that advisors must be educated regarding Social Security. Boomers are people born between 1946 and 1964, and there are 72 million Baby Boomers nationwide. For more and more people, Social Security is going to provide an important part of their retirement income, said Blair. NSSA advisors are passionate about helping retirees optimize their benefits over the rest of their lives. For more information abut the NSSA certification program, go to The Importance of a Power of Attorney One of the most common misconceptions we find amongst married couples is the idea that a spouse will be able to handle everything on their husband or wife s behalf, should they become incapacitated. This is simply not the case, and when it s brought to our attention, the situation is generally dim. Our solution? A Power of Attorney. A Power of Attorney (POA) is a legal document allowing an individual to select an agent who will act on their behalf, should they become unable to make decisions regarding their life health, finances, etc. Several areas can be directly and severely affected without a POA in place. These include real estate property, retirement benefits, estate planning, and healthcare decisionmaking. Without a POA, decisions regarding these subjects can only be made by someone with a court order appointing them as legal guardian. Recently, a client s spouse called in, letting us know that the client was very sick, unable to sign any forms, and had no POA on file. We were unable to give the spouse any information in regards to the client s retirement funds, and essentially rendered helpless in this spouse s time of need. It s not a commonly discussed topic, but having a POA on file can save an individual s loved ones hours of unnecessary stress and work, in an already stressful situation. If you are looking to establish your own POA, but have questions about where to get started, we are more than happy to help you find your way.

3 5Dollar Store Buys You re Missing Out On While your local dollar store probably isn t known for quality, they re definitely known for their low prices! Sift through your weekly purchases to figure out which products require brand-name quality, and which purchases can be just as great with a significantly lower cost. 1. Rainy Day Toys Maybe the grandkids are coming this weekend, and the weatherman is calling for nothing but rain. Stock up on things like coloring books, bubbles, and glow sticks for hours full of fun! They ll be ecstatic to have gifts from their grandparents, and you ll be able to truly enjoy your time with them. 2. Cleaning Supplies The majority of cleaning supplies have identical ingredients, and often times, you re just paying for the brand. Some local discount stores offer name brand products, but even if not, try an off-brand! Chances are, it ll work just as well as what you ve been paying top dollar for. Pick up a few dishrags, spray bottles, and scrub brushes while you re at it - cleaning is almost fun when you re saving money! 3. Greeting Cards Trust us, no one has ever felt more or less loved based on how much money their greeting card cost. Save yourself five dollars and pick up a pack of blank notecards. Your own hand-written note will mean so much more than a canned greeting, and you can put the extra dollars into a thoughtful gift they ll truly appreciate. 4. Movie Candy We re not sure when a $7 became an acceptable price for a box of sour gummy worms, but we can t say we re a fan. Keep a stockpile of movie candy boxes, and grab them whenever you re headed to the theater or just spending a night in! You ll have all of the fun of movie theater candy without the sky-high price. 5. Party Supplies A party just isn t a party without crepe paper and confetti. However, keep in mind that these decorations will definitely be thrown out after just one use. Paper plates, plastic utensils, table cloths, and all kinds of party decorations can all be found for a much lower price at your local dollar store. See what you can find! We love finding any way to cut costs and save a few extra dollars. Start with these five suggestions, and see what else you can add to the list! Let us know if you find any cheap alternatives to your usual household staples, we d love to see what you can come up with! Upcoming Events Social Security Strategies Workshop Henning s Market Community Room, Harleysville, PA Tuesday, August 23rd, Lunch & Dinner Annual Client Open House Kemp Harvest Office, Harleysville, PA Saturday, September 24th, Invitation Only To register, please contact us at (215) or Heather at wismer@kempharvest.com. For more information on any of our events, visit the Upcoming Events page found at.

4 Employee Spotlight Title: CERTIFIED FINANCIAL PLANNER Start Date: May 9th, 2016 Hometown: Honey Brook, Pennsylvania Three Words to Describe You: Reliable, Methodical, and Motivated Family: Rachel, my wife, oldest son Ethan, younger son Jack, and my daughter, Adalyn Hobbies: I love spending time with my family, projects around the house, and golfing. Favorite Part of the Job: The best part of Kemp Harvest is helping clients understand and navigate difficult financial decisions. Name One Thing On Your Bucket List: I have always wanted to skydive! Get to know David Lawrence, CFP! From left to right: Jack, Adalyn, and Ethan From left to right: Adalyn, Rachel, Jack, David, and Ethan David will begin meeting with clients in the fall - please help us welcome him to the team!

5 What s going on in Quarter 3? July 4 - Independence Day 24 - Parent s Day August 3 - National Watermelon Day Summer Olympics September 5 - Labor Day 11-9/11 Remembrance Day 11 - Grandparents Day Quotes Corner 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! 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! Find us online! /Harvest-News Securities and advisory services offered through LPL Financial, a Registered Investment Adviser. Member FINRA/SIPC. NPC #

6 Kemp Harvest Financial Group 331 Ruth Road Harleysville, PA 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: Your Name: Contact Name: Address: Address: Relationship: Birthday Month: Kemp Harvest Financial Group 331 Ruth Road Harleysville, PA Please add my contact to your mailing list Please add my contact to your list