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TINA MANION RETIREMENT PLANNING SPECIALISTS

October 2011

SINCE 1979

Plan & Prosper F Financial Aid f

Tis the back-to-school season. So, you may have saved for college but are looking into some ad d it ion a l f in an ci a l assistance. On my new website, you will find an article about Financial Aid for College. It covers the three types of grants: Federal, State and College Grants. Simply, click on the Resources Tab on the top toolbar, go to Articles, and under the Subheading Cash Management, click on College Financial Aid. For additional help, under the Resources Tab, click on Featured Links which has two excellent website links for scholarships and a w ea lt h of co l leg e information for you!

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Shalom! Larry and I recently returned from touring Israel which we found to be an incredibly spiritual experience! I was also impressed with seeing countless large cranes in Jerusalem constructing one commercial building after another as well as seeing thousands of homes being built or renovated. Right outside our hotel room passed a new light rail which is free for anyone to ride. The economic growth in Israel is expected to be 5.4% this year compared to 1.5% in the U.S. The Tel Aviv 100 Stock Index has averaged 19.83% from 2005-2010 compared to the S&P 500 which averaged 5% rate of return in the past 6 yrs. I also now understand why Israel is referred to in the bible as the land of milk and honey. In spite of their arid to semi-arid climate, surprisingly they have good rich soil with a wide abundance of fruits and vegetables and tropical flowers! The Holy Land has certainly been blessed. I will continue to pray for peace in Israel. In the book of Genesis, God blesses those that bless Israel. I also continue to pray that our nation turn back to God so that we don’t lose our blessings as a prosperous country.

Save Money in Health Care Costs!!! As we see rising costs in our energy and food bills, I have some good news. I have recently discovered a way to help you reduce health care costs. If you, your spouse or your parents are nearing 65, 65 or over 65, then you will want to read this! Rising health care costs are a risk to one’s financial security in retirement. It is the single largest expense for retirees. According to a recent Fidelity survey, 40% of retirees reported that their spending on medical expenses was higher than expected. Their high costs include premium for Medicare Part B, deductibles, co-payments, co-insurance and high and increasing premiums for Medicare Supplement, not to mention long-term care costs. The good news there is a Medicare Advantage program at 0 premium!Continued

Registered Representatives, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representatives, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and RPS are not affiliated.


Market Update TINA MANION RETIREMENT PLANNING SPECIALISTS SINCE 1979

11429 Brittany Woods Lane Cincinnati, OH 45249 and The Regus at Summit Woods 300 E. Business Way, Suite 200 (off Reed Hartman Highway) Phone: 513-469-7899 Fax: 513-469-7998 E-mail: tina@tmanion.com Website: www.tinamanion-rps.com

Recommended Movies 1) Seven days in Utopia 2) Courageous 3) Dolphin Tale

After four consecutive quarters of positive gains in the broad stock market, the market significantly declined in August and September. The S&P 500 dropped 13.87% for the third quarter and was down 8.68% yearto-date as of September 30th. The market has actually declined about 18% since the peak in August. Consumer sentiment is low due to a lack of confidence in the economy right now, gridlock in Washington and ongoing concern over the European debt crisis. The unemployment rate is unchanged at 9.1% and we need 2.9% economic growth to reduce unemployment. Slow growth has raised the risk of recession, but it is entirely too soon to make a prediction. However, there is hope for several reasons. 1) There is an expectation that fourth quarter corporate earnings should improve. 2) The best performing months of the year are usually the last two months. 3) We also remain hopeful that the European Union finance ministers will come up with credible solutions to the debt crisis next month. 4) Usually the best time to invest is following a correction when stock prices are cheap as they are now. 5) Warren Buffett is doing just that. His determination that Berkshire Hathaway Inc. shares are cheap enough to buy back may mean the broad domestic stock market is also a bargain. If he thought the possibilities of a recession were on the horizon, he would not being doing this now. Putting his money in Berkshire is a signal of being bullish on the market.

Why Geezers Give the Best Investment Advice . . . I cannot take credit for the title of a recent article by Jonathan Burton, MarketWatch. In this article, he stated that people should seek investment advice from advisors aged 50 and above! According to a study published in 2009 by Brookings Institution, researchers found that 53.3 years, to be exact, is the median age at which financial missteps occur least often. Anyone between 43 and 63 is really in their cognitive sweet spot. So, you’re not getting older, you really are getting better! FYI—your geezer financial advisor is 55!

Have Mortgage Rates

It is time to learn about MediCare

Hit Rock Bottom Mortgage rates have hit records lows. The national average rate for a 30 year fixed mortgage is only 4.01%—good news for new home buyers or for those who want to refinance their mortgage. “Its hard to imagine how mortgage rates could go any lower then they are right now,” according to chief economist of Freddie Mac. Past performance is no guarantee of future results. Indices (DJIA & S&P 500) are unmanaged. One cannot invest directly in any indices. The prices of small company stocks generally are more volatile than those of large company stocks. Dollar Cost Averaging involves continuous investments in securities regardless of fluctuating price levels. Investors should consider their financial ability to continue purchases through periods of low price levels. Systematic investing does not assure a profit or protect against loss.

Medicare Solutions Chat

Special Guest Speaker, Gary Johnson, UHC Wednesday, October 12th at 7:00 p.m., Symmes Township Library Coffee and desserts and doors open at 6:30 p.m. Please R.S.V.P. and be sure to invite your parents or friends Continued

That is not a misprint! It is a zero premium. As I have recently becoming certified in all ten areas for Medicare Solutions with the largest provider of Medicare Plans, I would like to review your options with you and help you select the best and suitable coverage and to save your money. For example, the Medicare Advantage Plan is Medicare Part C. It covers Medicare Part A, Medicare Part B, Part C and Part D. You continue to pay Part B premium, but you will not incur a premium for the Medicare Complete Plan, no premium costs for prescription drugs and no deductibles. You do not need Medigap (Medicare Supplement) which can save you approximately over a thousand dollars every year in premiums. Open enrollment for 2012 is between October 15th and December 7th. Come to my seminar October 12th or call me today to learn more.

Plan and Prosper October 2011 Newsletter  

Plan and Prosper October 2011 Newsletter