Hcs week 4

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Established in 1929

Health City Sun

The

www.healthcitysun.com

New Mexico’s Legal & Financial Weekly

January 22, 2016

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Three New Year’s Resolutions To Modernize Your Home Decor

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ach New Year, we create a list of resolutions for home updates in hopes of starting the new year with a fresh look. Whether it is to declutter and organize or finally make over the living room, here are three tips to help you achieve your New Year’s resolutions and modernize the interior of your home. • Take inspiration from new color trends. Every year, the color trends are announced and can provide inspiration for updating your own home’s style. Pratt & Lambert’s Color of the Year, Faded Rose, is a dusky orange that hints to a terracotta hue. This surprisingly versatile color will add a warm, glowing pop of color to any room.

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1. Heirloom: Denim blue, sienna red, khaki green and woody tones come together, giving rooms a timeless authenticity.

• Try an updated color-block room design. Can’t decide on one paint color for your redesign? Try a more subtle, tone-on-tone palette look, which is a contemporary take on the bolder color-block room trends seen before, bringing a modern feel to the space without being too overwhelming. Try a sophisticated color duo like Pratt & Lambert Bouquet Orchid and Lavender Haze; both light, barely there, dusty lavender tones. • Look to experts to help design your space. Deciding on paint colors can sometimes feel a bit overwhelming, especially when choosing multiple colors to create a flow to your home. To help choose the right colors, paint experts often create color palettes of different shades to guide the creation of beautiful and timeless color combinations. Pratt & Lambert’s 2016 color trend palettes are designed to make distinctive statements and be a reflection of your unique personality. This year, the four palettes are:

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2. Urban Jungle: Earthy greens and tribal tones bring sophistication and deep richness for a modern style. 3. Odyssey: Taking cues from nature, this palette offers organic, bold colors in deep blues, pops of yellow-green and understated pastels. 4. Catalyst: Vivid red, blanched pastels and tinted metallics provide an opulent and grand palette for a classic design. The colors you use in your home can be a sign not only of your personal taste and current styles, but of your whole approach to life and the world around you.

-(NAPSI)

Reviewing And Reassessing Your Assets

he start of a new year—or any time—is a good time to review the various components in your financial plan.

Here are three smart steps to consider: 1. Try to save 15 percent of your gross income, including any company match, in your retirement accounts. Contribute at least enough to receive any company match and increase your contributions by 2 percent each year, suggests Stuart Ritter, CFP, a senior financial planner with T. Rowe Price. Bear in mind, he says, that each year, the IRS updates the maximum amount you can contribute to your workplace retirement plan accounts. When you reach age 50, you’re eligible to make additional “catch-up” contributions. Note, T. Rowe Price provides neither legal nor tax advice. 2. Remember, a lot can change in a year, including parts of your life that may impact your estate plan. Review your beneficiary designations, the titles on your accounts, and ownership of your assets to ensure your latest wishes are reflected.

3. Make sure your asset allocation is still on track for your goals and risk tolerance. Fluctuations in the market can shift your investment mix from its original target proportion, so you may need to rebalance your portfolio to maintain your intended allocation. It may pay to review your financial assets and how they’re allocated at least once a year. “Checking in on your investment allocations annually helps you maintain a level of market risk that fits your personal situation and goals,” adds Judith Ward, CFP, a senior financial planner with T. Rowe Price. Trimming investments that have been doing well may seem counterintuitive but it’s actually following the tried-and-true strategy of selling high and buying low. Most importantly, consistent rebalancing offers a way to be more disciplined and minimize the emotional aspects of investing. -(NAPSI)


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