Kemp Harvest Financial Group®Harvest News Quarter 1, 2017

Imagine you’re planning a family vacation, and your spouse wants to drive while you want to book a flight. If you’re planning a trip to the campground near your house, it would be ridiculous to fly; if you’re planning a trip to Europe, driving is out of the question. Your destination largely influences how you will get there, and it’s the same with financial planning.

Before you think of choosing investments or forming an estate plan, you first have to establish your financial goals. After all, until you choose your goals, you have no way of making progress toward them. Step 1: Establishing goalsTo determine your financial goals, start by identifying things that will make you feel happy, fulfilled, and financially secure. It’s likely, based on these requirements, you’ll define a combination of short-term, intermediate, and long-term goals. Short-term goals can be accomplished

within the next year, such as saving for an annual vacation. Intermediate goals will generally be accomplished within the next two to five years, such as saving for a wedding or planning for the financial responsibilities that come from having a child. Long-term goals are more than five years away, such as saving for retirement or your children’s college education. Although goals may have different time frames, they should still be planned in coordination with each other, as achieving your short-term goals may affect your long-term goals.

Step 2: Specifying GoalsSome common financial goals include buying a house, getting out of debt, or saving for retirement. These goals should be cost-specific, have a time frame, be measurable,

be realistic, and indicate a course of action. For example, instead of “buying a home,” your goal could be: “I want to put 3 percent of my paycheck into a savings account each month so I can buy a home within the next five years, with a mortgage

payment below $3,000 per month.” By setting specific, realistic goals, it’s easier to measure your progress toward them, and your likelihood of achieving them will increase.

Step 3: Prioritizing GoalsIf you have a list of financial goals, boost your chance of attaining them by prioritizing them as primary goals and secondary goals. You can rank goals in terms of both urgency and

4 Ways to Set Financial Goals You’ll Actually Meet This Year

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What to remember about tax season

Are your taxes in order? It may seem like you have all the time in the world to file your taxes, but April 18th can sneak up on you quickly if you don’t have a plan for tax preparation.

Tax Deadline - Tuesday, April 18th 1. Gather all of your personal information,

including Social Security number and date of birth for you and anyone else you include in your filing (i.e. your spouse and any dependents).

2. Gather all of your significant tax documents into one place, including your W-2, any applicable 1099 forms and records of taxes you’ve paid (state/local income tax, real estate taxes, personal property taxes, etc.)

3. Continue to schedule annual reviews with your financial advisor. Regular meetings will help you to stay aware of your financial situation and maximize your tax savings. For more information on annual reviews, or to schedule an appointment, please call our office at (215)513-4330. ♦

www.kempharvest.com

Schedule your tax appointment for the 2017 tax season today

For more information and to schedule your appointment, please call our office at (215)513-4330, or visit www.kempharvest.com/tax-advisory/.

Don’t forget!

importance. For instance, contributing to your retirement fund is important, but it may have to come second to paying off credit card debt, which is more urgent. If you have conflicting goals, such as saving for retirement and your child’s education, you may decide based on which is more beneficial to the most people, or which causes the least amount of harm. Using the example of choosing between saving for retirement or your child’s education, consider that your child may be able to get a scholarship or take out a loan, but if you don’t have retirement savings, you will have little to no income to live off of in your retirement years.

Step 4: Taking action

Once you’ve established, specified, and prioritized your goals, you can start making progress toward them. To keep your spending in check while on the way to your financial goals, before making a large purchase ask yourself, “Will this get me closer to my goal?” Keeping your goals at the top of your mind can help you stay positive, as you will be able to track how putting money toward buying a home rather than a new designer handbag gets you closer to your goal, rather than focusing only on the fact that you don’t have the handbag. Keep in mind that your goals will need to be flexible – just as your priorities and needs will change as you grow older, your goals will also need to change. You should reevaluate your goals at least every few years to make sure they still apply and you are making progress toward them. And remember, the sooner you set your goals, the more time you have to save and the higher the likelihood you’ll reach them. ♦

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NPC does not provide tax advice.

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EmployEE SpotlightMeet the newest members of Kemp Harvest!

Marci Prior Client Service Assistant

When did you start working at KHFG? October 2016

Where did you grow up? Danielsville, Pennsylvania

What do you do for fun? Get lost in the world of Netflix & Pinterest. Entertain my dachshund.

What is your favorite part of the job? Awesome co-workers and fun events

What is one thing on your bucket list? Hike the White Mountains of New Hampshire

Jon Cahill Retirement Plan Developer

When did you start working at KHFG? September 2016

Where did you grow up? Langhorne, Pennsylvania

What do you do for fun? Netflix, eating food, and reading

What is your favorite part of the job? Working with the great people at KHFG, getting to meet

the clients and hear their stories and adventures

What is one thing on your bucket list? Deep-sea dive with sharks ♦

Have you met David? David A. Lawrence, CFP®, AIF®, recently earned his Pennsylvania Life and Health certification, along with his Accredited Investment Fiduciary® designation. He’s been holding client appointments, and will be taking over satellite office meetings this year. We are happy to celebrate a full year of having David on our team.

David’s schedule is filling up quickly, so be sure to request him for your next review! ♦

NPC does not provide tax advice.

Join us for this quarter’s Town Hall, where we’ll discuss Continuing Care Retirement Communities (CCRCs) and how to ensure you’re doing what’s necessary to financially plan for that transition. John Bryant, CEO of Christ’s Home, will be our guest speaker, and will provide insight and answer any questions you may have.

These informational events have proven to be extremely popular, so be sure to sign up fast. We would love to see you and your friends and family in attendance!

Want more information on how to attend?Visit our Upcoming Events webpage at

www.kempharvest.com/upcoming-events/.♦

Upcoming EventsSocial Security Workshops

Henning’s Community Room, Harleysville, PA Tuesday , January 24th

1-3pm or 6-8pm

Jan. & Feb. Birthday Club Maggiano’s, King of Prussia, PA

Thursday, February 9th Exclusive to KHFG Clients

Town Hall Talks: Retirement CommunitiesKing of Prussia, PA

Thursday, March 9th Further Details to be Announced

For more information on any of our events, or to register, please contact us at (215)513-4330 or

register online at www.KempHarvest.com.♦

EmployEE Spotlight

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We had a great time at our Annual Client Open House this past September! The Best

of Philadelphia was certainly celebrated with cheesesteaks, soft pretzels, “wooder ice,” and

tons of Philly sports team spirit!

For more information on how you can attend this annual event, please feel free to call our office.♦

Find us online!www.KempHarvest.com

www.youtube.com/KempHarvest

www.facebook.com/KempHarvest

www.kempharvest.com/Harvest-News

What’s going on in Quarter 1?

Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Adviser. Kemp Harvest Financial Group and NPC are separate and unaffiliated companies and are independently owned and operated. NPC does not provide tax or legal advice. NPC # 113930 12/18

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January 1 - New Year’s Day 16 - Martin Luther King’s Birthday28 - Fun at Work Day

www.linkedin.com/KempHarvest

Quotes Corner

February 2 - Groundhog’s Day14 - Valentine’s Day20 - President’s Day

March3 - Caregiver Appreciation Day12 - Daylight Savings Begins17 - St. Patrick’s Day

Have you heard Mark & Todd on the radio? Tune in every Saturday morning at

8:00am on WNPV AM1440 to hear Retirement Plain and Simple®!

Retirement Plain and Simple®

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