Create a financial plan to
I ursue the future you envision
"It was my hope the vote in June
would result in a recommendation
for universal broad coverage of the
meningococcal B vaccine," said a dis-
appointed Stillman. "This vote means
it puts the burden of knowledge on
the individual patient to request and
know to request the vaccination:'
Until the committee votes again,
possibly as early as this fall, educa-
tion will become paramount in pro-
tecting adolescents and young adults,
Stillman said. It increases the respon-
sibility of advocate groups like the
Emily Stillman Foundation, which
will speak to educational, religious
and professional groups about this
disease and the vaccinations that are
the best defense.
Stillman will continue to share her
story of losing Emily to meningococ-
cal disease.
"This is will not be the last time I
need to stand before the committee
and testify for universal coverage,
and I will go back until the com-
mittee votes a Category A universal
coverage," she said.
Although she understands the
committee's responsibility to make a
fiscally balanced decision, when there
is a public health crisis, as Stillman
believes this is, she feels it is their
responsibility to step outside of the
box. To her, the universal use of this
vaccine to protect the young adult
population is not negotiable.
Stillman has worked with universi-
ties in Michigan.
"The support was overwhelm-
ing and across the board," she
says. "They want this vaccine at
least recommended (if not required)
before the kids return to school in
this fall," she said.
Support letters from all major
Michigan universities were sent in
advance to the committee. She car-
ried copies of the letters with her
when she testified.
"I want people to learn from our
tragedy," she said. "I want them
to realize this can happen to any-
one. My daughter died of a vaccine-
preventable disease because the
vaccine was not available to us. It
is available now — we just have to
give them permission to use it. I
could not protect my daughter, but
you can protect yours"
❑
The Emily Stillman Foundation will host
a vaccine clinic from 10-11 a.m. Saturday,
Provided By:
The Lott Sheth Farber Hesano Group
UBS Financial Services
rying to accomplish your wealth management
goals without a current financial plan is like
trying to navigate without a map: you may
arrive late or even miss your destination.
By providing an integrated view of your
personal and financial goals—not just your investment
portfolio— a plan can help you see where you are today,
and provide ideas on how to pursue the future you envision.
Because personal and financial goals evolve, your existing
financial plan may need to be updated to reflect those
changes. Please consider the following financial strategies
information, which we can discuss further.
ANALYZE YOUR NET WORTH
Once we tally your current assets and liabilities, we can
better assess the likelihood of meeting your financial
goals. This is also the first step in ensuring our approach
is thorough and organized. For example, we may identify
assets that could be consolidated, such as "orphaned"
401(k) accounts at former employers or assets that you
may not own yet, such as unvested equity compensation
and deferred compensation. It's important to note how your
assets are held, whether in your name alone, jointly (with a
spouse/partner, child, etc.) or even in a trust. We can also
evaluate opportunities to repay or restructure your liabilities
and set up a plan for managing that side of your balance
sheet.
QUANTIFY YOUR COST OF LIVING
When planning for your future, it's important to know
whether or not you're saving and investing appropriately
toward your retirement lifestyle goals—and also for the
possibility of unforeseen events. If you keep a budget of
your current expenses, we can begin by reviewing what
goes out on a regular basis. We will look at other planned
expenses and then begin to consider what your future
costs might include, such as healthcare for yourself or
eldercare for an aging parent. If you aren't sure of your
current budget, don't worry; we can help you determine a
thoughtful estimate.
ESTABLISH OR BOLSTER AN EMERGENCY FUND
Your emergency fund should cover at least six months worth
of necessary expenses. Keep the fund in safe, liquid form,
such as assets in a bank account, money market account or
short-term certificates of deposit.
REVIEW YOUR ASSET ALLOCATION
With your goals in mind and a thorough picture of your
assets and liabilities, we can design or update your
investment strategy, one that allocates assets across
various asset classes and takes advantage of opportunities
in the market at a given time. And as your needs change or
the market moves, we can adjust your investment approach
accordingly.
July 25, at 30057 Orchard Lake Road,
Farmington Hills. The meningitis B vac-
cine is a two-shot series, 30 days apart.
For more informaton or to reserve a spot,
email emilystillmanfoundation®gmail.
com.
PROTECT YOUR ASSETS
We've noticed that many clients neglect to adjust insurance
coverage as their lives change:
• If you've recently completed home improvements or
renovations, update your homeowners' insurance policy to
reflect your home's increased value. If you've added a pool,
hired household staff or your children have started to drive,
check that you have adequate umbrella coverage to protect
against possible litigation in case of accidents.
• If you've had a child or experienced an increase in salary or
compensation, check the level of income replacement on
your life insurance and disability policies. One rule of thumb
suggests you should plan to replace five to seven times (or
even 10 times) your annual salary, but much depends on your
lifestyle, family size and income.
• Long-term disability insurance is also important if you're
relatively young. You could experience severe hardship if
you cannot work due to illness or an accident. We can do an
insurance review together to make sure your current coverage
meets today's needs.
• If you're over 50 years old, consider buying long-term care
insurance now while you're healthy, as these policies can
become more expensive once you retire. We can also explore
policies that include inflation protection to account for rising
healthcare costs in the future.
UPDATE IMPORTANT DOCUMENTS
If anything significant has changed in your life—such as a new
child or grandchild, marriage or divorce (yourself or your children)
or receipt of an inheritance—be sure to update your personal
documents, such as your will or trusts, living wills or powers
of attorney for property or healthcare. It's also wise to regularly
review beneficiary designations on retirement accounts and
insurance policies. We can work with you and your attorney to
update these documents.
Remember, with a solid plan in place, it's easier to feel more
confident about your future. We'd be happy to work with you to
develop a financial plan that helps ensure you achieve your goals.
JBS
UBS Financial Services
325 North Old Woodward, Avenue, Suite 200
Birmingham, Michigan 48009
Work: +1.248.645.7897 Mobile +1.248.755.4302
Fax +1.855.792.5111
Toll free 888-262-4803
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relating to these accounts or the terms and conditions of any UBS account agreement in effect during or after the financial planning service. Clients are not required to establish accounts, purchase products or otherwise transact
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CUBS 2014. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC. D-UBS-CF3C8B12 120711-3810 aby-FP
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