Financial Planning Tips - Artie Green

Financial planning tips and events for this month Is this email not displaying correctly? View it in your browser.   June 2013 Newsletter Question of the month Which action do you think is more important for the government right now: debt reduction or spending to stimulate the economy?  Please let us know your thoughts - e-mail us at info@CognizantWealth.com.  Estimated taxes due June 15 Just a brief reminder that second quarter 2012 estimated tax payments must be mailed to the IRS and, in California, to the FTB on or before June 17, 2013.  For help with your federal estimated tax payment, see http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Estimated-Taxes. For California, see http://www.ftb.ca.gov/online/payment_choices.shtml. Foreign bank account reports due July 1 If you have a foreign bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report the account yearly to the Internal Revenue Service by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).  This year the report is due on July 1.  For more information, see http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-(FBAR). Tips and insights from last month’s blogs Is It Wise to Tap Your 401(k) to Buy Property? Amateur investors are buying up homes using cash in their retirement accounts in order to get in on hot housing markets. The big question: is this really a good idea? READ MORE >>> New Adjustable Pension Plan Looks Promising One of the problems many employees have faced over the last decade is the rapid disappearance of the traditional company pension plan – also known as a defined benefit (DB) plan – in favor of defined contribution (DC) plans. With DB plans, the investment risk is completely borne by the company, while the opposite is true of DC plans (the employee takes on all the risk). You’d think someone would have come up with some kind of shared-risk model that avoids such an all-or-nothing approach to an employee’s retirement success. READ MORE >>> Study Shows Poor Financial Literacy among Americans With Americans being forced to take more and more responsibility for their retirement savings and growth, the need for making better financial decisions is becoming paramount. Unfortunately, a recent survey shows that we still have a long way to go. READ MORE >>>  follow on Twitter | friend on Facebook | forward to a friend  Copyright © 2013 Cognizant Wealth Advisors, All rights reserved. You are receiving this message because of your interest in or association with Cognizant Wealth Advisors. Our mailing address is: Cognizant Wealth Advisors 2600 El Camino Real Suite 304 Palo Alto, CA 94306 Add us to your address book  unsubscribe from this list | update subscription preferences