With You on the Road of Life — SUZE ORMAN you need life ...

With You on the Road of Life

SEPTEMBER 2018

F A S T LANE

NAMING BENEFICIARIES: WHAT YOU NEED TO KNOW

FREE ONLINE FINANCE COURSES

A major issue in estate planning is whom to name as beneficiaries on life insurance policies, pension plan accounts, IRAs and annuities. This important decision often doesn't take into account the substantial estate and income tax consequences the beneficiary may incur. So before you name a beneficiary, you may wish to gain a basic understanding of beneficiary designations.

One of the first things you need to know is that, in many cases, beneficiary designations supersede a will. That said, not only is naming a beneficiary important, it is equally important to make sure that your beneficiary arrangements are consistent with your other estate planning documents.

Not All Beneficiary Designations Are the Same You can name a beneficiary for many different financial products and investment vehicles. And each has some subtle nuances that are sometimes difficult to discern. In addition, because naming a beneficiary is a legal arrangement, there is certain language you must use to ensure your wishes are accurately recorded and executed. That's why it is important to consult with a qualified financial professional when making decisions about beneficiaries. Aside from determining whom you will name as your beneficiary, you'll also need to consider the following:

? Age of beneficiary - Most policies and plans will not directly transfer assets to minors until a trustee or guardian is approved by a court.

? Ability of beneficiary to manage assets - Perhaps a trust set up in the person's name would be better than a direct transfer.

? Pension plans - Unless waived by the spouse in writing, the law requires a spouse to be the primary beneficiary of the account.

Professional Assistance a Must Naming beneficiaries is a complex matter that requires a great deal of forethought to help ensure that your decisions are in concert with your financial and estate planning goals. A qualified financial professional can assist you in reviewing your beneficiary designation and help you make choices that are appropriate for your situation.

Visit Momentum through our Learn page on to take financial courses on a wide range of topics absolutely free.

We care about your financial health as well as those around you; that is why Momentum is not only free to you, but also to anyone you would like to share it with.

Visit: momentum on your mobile device or computer to get started

Because of the possibility of human or mechanical error by Wealth Management Systems Inc. or its sources, neither Wealth Management Systems Inc. nor its sources guarantees the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall Wealth Management Systems Inc. be liable for any indirect, special or consequential damages in connection with subscriber's or others' use of the content.

? 2016 DST Systems, Inc. Reproduction in whole or in part prohibited, except by permission. All rights reserved. Not responsible for any errors or omissions.

USE YOUR VISA FOR A CHANCE TO WIN THE ULTIMATE SUPER BOWL LIII FAN EXPERIENCE

RELAX THIS FALL.

Use your Visa for a chance to win You want the Super Bowl of your dreams. We want to bring you closer

to the action.

?

THE ULTIMATE SUPER BOWL LIII ?

Use your Visa for a Two (2) tickets to Super Bowl LIII

Pre-game coin toss experience*

chance to

win

FAN EXPERIENCE THE ULTIMATE SUPER BOWL LIII ? A $1,000 shopping spree at the NFL Shop at Super Bowl LIII with an NFL player

FAN EXPERIENCE ? Air, hotel, and ground transportation in Atlanta, GA

You want the Super Bowl of your dreams. We want to bring you closer to the action.

BORROW UP TO 100%

OF YOUR HOME'S EQUITY.

UseYoyuowuranVt tihseaSbupeetrwBoewelnof9y/ou1/r 1d8rea-m11s/. W15e/w18anttotoebnritnegryoauuctloosmeratotitchae lalcyt.ion.

YOU COULD WIN

YOU? CTwOoUL(2D) tWickINets to Super Bowl LIII

Looking to consolidate debt? Buy a vehicle? Finance education expenses? Make some home improvements? You may find the extra cash you

? Two?(2P) rteic-kgetasmtoeSucpoeirnBotowslsLIeII xperience*

need right at your doorstep with a Hiway Home

? ?

PAatre$S-1ug?,0paaA0em0tre$BsSho1cuoow,0ppiln0epLt0IiroInIBsgwsshosietpowhxrppealeenpLraiINieIntInFtgwLcheepsi*tlpNahyFreeLarenShaNotpFtLheplNayFeLrShEboqypuyiotyurLoparonp. eErvtey,nytohuoucgahn

an equity loan is secured use the funds for almost

? Air, h?oAteilr,,ahndotgerol,uannddtragnrsopuorntadtiotrnainnsportation inanything.

Don't have a Hiway Visa? Apply oAntlalinnteaA,,tGloaArnctaa,llGuAs today.

*Subject to change. NO PURCHASE OR OBLIGATION NECESSARY TO ENTER OR WIN THE VISA 2018 NFL SWEEPSTAKES. Open only to legal 50 U.S. & D.C. residents who are 18 or older as of 9/1/18. Void in P.R. and where

Fixed and adjustable rate options

prohibited. Begins at 12:00 AM PT on 9/1/18, and ends at 11:59PM PT on 11/15/18 ("Promotion Period").

Sweepstakes subject toUcsoemypoleuter OVfifsicaiabl Retuwlese,eanva9il/a1b/le18at-w1w1w/1.v5is/1a8.cotmo/eNnFtLeUrltaimuattoemFaantEixcpaellryie. nceFullRules.

SPONSOR: Visa U.S.A. Inc., P.O. Box 8999, San Francisco, CA 94128-8999. The NFL Entities have not offered or

Mortgage loans available in the U.S. except for AK, CA, HI, NY or TX. Qualifications apply.

*Subject

to

sponsored

change

this

SweepsUtaskees

yinoaunyrwVayis. a

between

9/1/18

-

11/15/18

to

enter

automatically.

NO PURCHASE OR OBLIGATION NECESSARY TO ENTER OR WIN THE VISA 2018 NFL SWEEPSTAKES. Open only to legal 50 U.S. & D.C. residents who are 18 or older as of 9/1/18. Void in P.R. and where prohibited. Begins at 12:00 AM PT on 9/1/18, and ends at 11:59PM PT on 11/15/18 ("Promotion Period"). TO ENTER: 1) Automatic Entry: An eligible Visa cardholder will automatically receive one (1) Sweepstakes entry for each eligible Visa purchase made during the Promotion Period at a participating merchant location in the U.S. 2) To Enter by Mail Without Purchase or Obligation: Hand-print your name, street address, city, state, ZIP code, and daytime and evening telephone numbers (including area code) on plain 3" x 5" paper, and mail it in a #10 envelope with sufficient postage affixed,

ct to change to: Visa 2018 NFL Sweepstakes, P.O. Box 7760, Melville, NY 11775-7760. Mailed entries must be postmarked between 9/1/18 and 11/15/18, and received by 11/26/18. Enter as often as you wish; however, each mailed entry will count as one (1) entry into the random drawing and must be mailed in a separate

postmarked-and-stamped envelope. Mechanical reproductions prohibited. PRIZE: The Ultimate Super Bowl LIII Fan Experience consisting of a 4-day/3-night trip for two (2), to see Super Bowl LIII in Atlanta, GA from 2/1/19 to 2/4/19; including two (2) tickets to Super Bowl LIII, the opportunity to watch the pre-game coin toss (subject to availability), air transportation, ground transportation in Atlanta, GA, hotel accommodations, two (2) tickets to Super Bowl Experience, a private $1,000 shopping spree at the NFL shop, Visa Super Bowl?themed merchandise, a $250 Visa Prepaid Product and $6,600 cash (awarded in the form of a check). Total ARV: $22,600. ODDS: Estimated odds of winning are 1 in 13,029,968,071; however, the actual odds of winning depend upon the total number of eligible entries received. Sweepstakes subject to complete Official Rules, available at this location and NFLUltimateFanExperienceFullRules. SPONSOR: Visa U.S.A. Inc., P.O. Box 8999, San Francisco, CA 94128-8999. The NFL Entities have not offered or sponsored this Sweepstakes in any way.

O U T & A B O U T CHASE OR OBLIGATION NECESSARY TO ENTER OR WIN THE VISA 2018 NFL SWEEPSTAKES. Open only to legal 50 U.S. & D.C. residents who are 18 or

of 9/1/18. Void in P.R. and where prohibited. Begins at 12:00 AM PT on 9/1/18, and ends at 11:59PM PT on 11/15/18 ("Promotion Period"). TO ENTER: matic Entry: An eligible Visa cardholder will automatically receive one (1) Sweepstakes entry for each eligible Visa purchase made during the Promotion

t a participating merchant location in the U.S. 2) To Enter by Mail Without Purchase or Obligation: Hand-print your name, street address, city, state, ZIP d daytime and evening telephone numbers (including area code) on plain 3" x 5" paper, and mail it in a #10 envelope with sufficient postage affixed, 2018 NFL Sweepstakes, P.O. Box 7760, Melville, NY 11775-7760. Mailed entries must be postmarked between 9/1/18 and 11/15/18, and received 6/18. Enter as often as you wish; however, each mailed entry will count as one (1) entry into the random drawing and must be mailed in a separate

postmarked-and-stamped envelope. Mechanical reproductions prohibited. PRIZE: The Ultimate Super Bowl LIII Fan Experience consisting of a 4-day/3-night trip for two (2), to see Super Bowl LIII in Atlanta, GA from 2/1/19 to 2/4/19; including two (2) tickets to Super Bowl LIII, the opportunity to watch the pre-game coin toss (subject to availability), air transportation, ground transportation in Atlanta, GA, hotel accommodations, two (2) tickets to Super Bowl Experience, a private $1,000 shopping spree at the NFL shop, Visa Super Bowl?themed merchandise, a $250 Visa Prepaid Product and $6,600 cash (awarded in the form of a check). Total ARV: $22,600. ODDS: Estimated odds of winning are 1 in 13,029,968,071; however, the actual odds of winning depend upon the total number of eligible entries received. Sweepstakes subject to complete Official Rules, available at this location and NFLUltimateFanExperienceFullRules. SPONSOR: Visa U.S.A. Inc., P.O. Box 8999, San Francisco, CA 94128-8999. The NFL Entities have not offered or sponsored this Sweepstakes in any way.

Sizzlin' Summer Party Success

Thanks again to all members and Hiway associates who attended/volunteered at our 4th annual Sizzlin' Summer Party to raise money for Children's Miracle Network, Gillette Children's Hospitals!

Saint Paul Fire Department, the fire truck and Saint Paul Police were the superstars of the event and we are so thankful for such spectacular community partners.

Left: Hiway Associates with Gillette Children's Specialty Healthcare staff and Gillette patient, Cameron and his mom, Stacy. Right: CEO/President David Boden, Cameron and his mom Stacy.

With all of your help and donations we were able to raise $1,000 for Gillette Children's Hospitals.

Thank you all once again, we hope to see you next year!

Federally insured by NCUA

651.291.1515 ? 800.899.5626 ?

follow us!

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download