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 http://financialservicesinc.ubs.com/teamilsfgroup This article has been written and provided by UBS Financial Services Inc. for use by its Financial Advisors. We offer both investment advisory and brokerage services, each of which is separate and distinct, differs in material ways, and is governed by different laws and separate contracts. In providing a financial plan, we may act as a broker-dealer or investment adviser, depending on whether we charge a fee for the service. Financial plans provided free of charge are a service incidental to our brokerage relationship and the service terminates upon delivery of the plan. We provide financial planning services as an investment adviser for a separate fee pursuant to a written agreement, which details the terms, conditions, fee and scope of the engagement. For information about our fee- based financial planning services, see the Firm's Financial Planning ADV Disclosure Brochure. Note that financial planning does not alter or modify in any way the nature of a client's UBS accounts, their rights and our obligations 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 business with us to implement any of the suggestions made in the financial plan. Should a client decide to implement their financial plan with us, we will act as either a broker-dealer or an investment adviser, depending on the service selected. For more information please visit ubs.com/workingwithus. UBS Financial Services Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. Clients should seek advice based on their particular circumstances from an independent tax advisor. 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 1986720 July 16 • 2015 17