January February - Pinnacle Wealth · This was Mario’s first appearance on a smartphone but was a huge success. Even though it had a rough start, Nintendo –Adobe Lightroom CC:

1ST QUARTER JANUARY 4, 2018

WWW.PINNACLEWEALTHNC.COM 1

WEALTH PARTNERS

NEWSLETTER

S M T W T F S January

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1/1/2018 – New Year’s Day – Our office will be closed

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1/11/2018 – Women’s Summit: Savvy Women… “more information below”

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1/15/2018 – Martin Luther King Jr. Birthday – Our office will be closed

21 22 23 24 25 26 27 1/23/2018 – National Pie Day

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S M T W T F S February

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2/1/2018 – Change Your Password Day

4 5 6 7 8 9 10 2/2/2018 – Groundhog Day

11 12 13 14 15 16 17 2/14/2018 – Valentine’s Day

18 19 20 21 22 23 24

2/19/2018 – President’s Day – Our office will be closed

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S M T W T F S March

1 2 3

3/2/2018 – Alamance Chamber Women’s Symposium

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3/11/2018 – Daylight Savings – Move clocks forward

11 12 13 14 15 16 17 3/20/2018 – First Day of Spring

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TOP 10 APPS FOR 2017 #1 - HQ Trivia: App offers Jeopardy!-style trivia games that will go live at certain times of the day with thousands of other players.

#2 – Signal: Apps offer to increase your digital security. It is an encrypted messaging app with privacy in mind, which helps to keep your texts safe from prying eyes. You do have to have your friends and family on board and using the app as

well. #3 – Super Mario Run: This was Mario’s first appearance on a smartphone but was a huge success. Even though it had a rough start, Nintendo promises improvements to come.

#4 – Adobe Lightroom CC: This is a photography editing app that is backed by the expertise that Adobe brings to the table. You do have to pay for a subscription to use certain features.

#5 – Car2Go: Need a car for the day, this app offers short-term car rentals on a grab-and-go basis. You are able to find a car nearby and unlock with the app. When done just park in the “hone zone” in your city.

#6 – FaceApp: This is a “selfie” editing app but where it is different from all the rest is that it allows the user to change their age, gender and facial features.

#7 – Hidden Folks: This is the “Where’s Waldo” for the digital age. The find-

the-hidden-character game. #8 – Warby Parker: This app give the user the ability to “try on” a pair of

glasses before making a purchase. #9 – Google Maps: It made the list because of the new features that continue to be added (best time to leave, info about parking and incline/decline of a bicycle trip).

#10 – Focalmark: App allows you to describe your images and get the perfect hashtags to use for each shot.

Adapted from “The Top 10 Apps of 2017” Time.com



SAVVY WOMEN…know that they (or a loved one) may live past age 90; Can You Answer These 3 Questions?:

Pinnacle Wealth Partners, in conjunction with the Women’s Resource

Center of Alamance County, provides quarterly Financial Literacy summits which are designed to engage women in an open dialogue about various financial topics and to educate women further about financial matters with the intention of empowering women to make

wise financial decisions.

Speakers: Erin L. Cockman and Angie W. Hall

Financial Planners, Pinnacle Wealth Partners

Guest Speaker – John Thiel, SVP of Strategic Markets for the Harford Funds and liaison to the

MIT AgeLab

Raymond James and Pinnacle Wealth Partners do not provide tax, legal or accounting advice. This

material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting

advisors before engaging in any transaction. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Pinnacle Wealth Partners is not a registered broker dealer and is independent of Raymond James Financial Services Inc. Investment advisory services offered through

Raymond James Financial Services Advisors Inc. The opinions expressed are those of the speaker(s) and not necessarily Raymond James. Raymond James is not affiliated with Women’s Resources Center. Links

are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors. Raymond James is

not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. The Women’s Resource Center (WRC) does not endorse, take

responsibility for, or exercise any control over the speakers, websites, or organizations that offer free information and programs. The WRC cannot vouch for the accuracy of the information contained on their websites, in presentations or on printed materials. All investments are subject to risks, including possible

loss of principal. Raymond James Financial Services, Inc., member of FINRA/SIPC is a subsidiary of Raymond James Financial, Inc. and are independent of Hartford Funds and the MIT AgeLab. MIT AgeLab

is not an affiliate of subsidiary of Hartford Funds.

January 11, 2018 5:30 – 6:00

Networking/Refreshments 6:00-6:30

Financial Workshop

It’s All Good: Southern Kitchen 306 S. Church Street, Burlington, NC

Register to attend www.wrcac.org

336.227.6900 336.494.6262

Register Now

Seating Limited

Who will How will I Who will change my get an ice I have light bulb? cream cone? lunch with?

http://www.wrcac.org/



TRAVEL Most individuals think that a passport is only needed when they travel outside of the country. This may be changing soon based on article published in Forbes by Lea Lane. Lane states that residents of some states (could potentially change) may be required to have a passport to travel on international or domestic flights. The Real ID Act of 2005 insists that state-issued IDs meet the minimum security standard now set by the federal government. As of October 10, 2017 the following states are not compliant: Kentucky, Maine, Missouri, Montana, Oklahoma, Pennsylvania, South Carolina and Washington. Even though it seems the Federal Government continues to make air travel more difficult, this new requirement is another way travel is being made safer. You will want to check with your local government office to see if there is a different type of ID you can apply for, and the TSA website to clarify this situation. Forbes, Lea Lane, September 30, 2017, “New Rule: Residents in Some state May Need Passports For Domestic Flights in 2018”

BRAIN TEASER FIND THE WORD:

The 10 letter keys on the top line of a typewriter are:

Q W E R T Y U I O P

Can you find a very familiar 10-letter English word that uses only

these keys?

Find the answer at the end …

INTERESTING FACTS The use of smartphones by people 65 and

older has doubled since 2013. Older Americans are increasingly comfortable with, and dependent on, new technology. Today more than 2 out of 5 older Americans own smartphones. Also 2 in 3 adults 65 and older are now online, while about a third of seniors say they use social media sites such as Twitter and Facebook. More older Americans – nearly 6 in 10 – now say that new technology has had a positive effect on society. AARP Bulletin, September 2017

31% of working adults plan to keep working until they’re 68 or older.

The original two currencies of America

was the Sterling Pound and the Spanish Dollar.

Money has a short life span: On average a

$1 bill lasts only 18 months, $5 bill will last two years and a $10 bill will last three years.

We hope that your Holidays were filled with great moments and that the New year has started off grand. We value each of our clients and business partners and thank you for your continued trust and confidence.



A New Uniform Act – Important for Clients Dealing With Aging Parents

As a Power of Attorney for one’s parents and loved ones, they will now be required to account for every single dime and to justify every expense.

This is a result of Uniform Power of Attorney Act, which was drafted and approved by the National Conference of Commissioners on Uniform

State Laws. The Act becomes effective January 1, 2018, for states that choose to adopt it. As of December 1, 2017, only four states have

adopted the uniform act so far: Texas, North Carolina, Wyoming and New Hampshire. The act has also been introduced, however, in Georgia,

Mississippi and the District of Columbia.

The act dictates what a family member can or cannot do when they have power of attorney over a retiree’s finances. The Uniform Power of

Attorney Act also sets minimum standards and identifies best practices for agents under powers of attorney. For example, an attorney-in-fact is

now called an “agent” under the new guidelines. “It has quite a lot of specificity, which creates consequences when a family member named

power of attorney of an elder falls short,” says Michael Hackard, an estate and trust litigation attorney and author of The Wolf at the Door:

Undue Influence and Elder Financial Abuse. It will become more important to be aware of what your role and responsibility is when caring for an

aging parent financially. If you fail, the state can potentially become your mom or dad’s power of attorney, fiduciary or guardian.

“The uniform act requires the person appointed power of attorney to keep records and to provide an accounting of those records to other family

members who are involved with the elderly parent,” says Leon LaBrecque, a financial advisor and attorney in Troy, Mich. “The whole function of

the Uniform Power of Attorney Act is to make sure the agent is accounting to the heirs.” Information adapted from article by Julietter Fairley, “A New

Uniform Act Guides Clients Dealing with Aging Parents”, 12/1/2017.

12 Financial Resolutions for 2018

Instead of making those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that is also very good for you in the long run and possibly sooner. Here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure:

1. Get your balance sheet in order – make sure your assets and liabilities are up to date. 2. Review your budget and spending habits – start with your income then assign amounts to the various expense

categories. 3. Review the titling of your accounts – life events happen, have your accounts reflected these changes? 4. Designate and update your beneficiaries – annual review of your beneficiaries is a smart habit to start. 5. Evaluate your cash holdings – typically six or more months of living expenses are recommended to have readily

available in savings or money markets. If you have more than that in savings consider putting those funds to better use to keep up with your long term goals.

6. Revisit your portfolios asset allocation – it’s important to revisit both your current and ideal asset allocation at least annually and rebalance if needed.

7. Evaluate your sources of retirement income – if too much of your retirement income is from sources you consider less that solid, it may be time to reposition those assets.

8. Review your Social Security statement – make sure earning have been recorded properly, you will need to set up an account at www.SSA.gov.

9. Review the tax efficiency of your charitable giving – give, but look at strategies that help reduce tax liability. 10. Check to see if your retirement plan is on tract – retirement has a lot of moving parts and must be monitored and

managed on an ongoing basis. 11. Make the indicted changes – look at any problem areas or opportunities and make necessary changes. 12. Set up a regular review schedule with your advisor – your advisor can’t help you manage what they don’t know, so

err on the side of over-communicating and establish a regular schedule to get together and review your overall plan.

Information adapted from Raymond James, Point of View, “12 Resolutions for 2018” December 19, 2017

https://www.amazon.com/Wolf-Door-Undue-Influence-Financial/dp/099914460X

https://www.amazon.com/Wolf-Door-Undue-Influence-Financial/dp/099914460X



We welcome your feedback. Please email us at [email protected]

with any questions or suggestions pertaining to this publication.

We want the information we provide to be of value to you.

(336) 494-6262 – 2815 S. Church Street, Burlington, NC 27215

Securities offered through Raymond James Financial Services, Inc. member FINRA/SIPC. Pinnacle Wealth Partners is not a registered

broker/dealer and is independent of Raymond James Financial Services, Inc. Investment advisory services offered through Raymond James

Financial Services Advisors, Inc. Raymond James is not affiliated with the entities mentioned in this newsletter. Certified Financial Planner Board

of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered in the U.S., which awards to

individuals who successfully complete CPF Board’s initial and ongoing certification requirements.

BRAIN TEASER ANSWER: TYPEWRITER is perhaps the most

common.

We attended the 23rd Annual Women’s

Symposium in Tampa, Florida this fall.

This event is sponsored annually by the

Raymond James Network for Women Advisors

and provides us the opportunity to network and

learn new ideas from fellow RJ Women

Advisors.

10 Factors to Consider Before Moving to a

Retirement Community

If you are considering moving to a retirement community, here are ten questions you should

consider before you put your house on the market and start packing.

1. Will you enjoy living in a remote, self-

contained community?

2. Would you prefer to be surrounded by

other retirees or would you rather stay

in the mainstream?

3. Will you fit in?

4. Is the community well maintained?

5. What are the rules, can you live with

them?

6. How much is the HOA fee and what does

it cover?

7. Who owns the amenities?

8. Is the HOA in good financial shape?

9. Is the HOA well managed?

10. Are your prospective neighbors happy?

(US News & World Report 3/16/17, Dave

Hughes)

Documents

January February - Pinnacle Wealth · This was Mario’s first appearance on a smartphone but was a huge success. Even though it had a rough start, Nintendo –Adobe Lightroom CC: