Year-End Review -- Shining a Spotlight on Your Finances May Brighten Your Future Who’s Helping you A year-end financial review can be instrumental to wills, trusts, retirement plan documents and life insur- Manage your Municipal your future financial success. However, you may not ance policies to make sure they’re up-to-date. Seek the nancial affairs. Consider doing it during the fall so you’ll necessary Bond Portfolioassistance of a qualified adviser if any modifications are- want to wait until the end of the year to review your fi have ample time to take any corrective action before Set goals for next year and beyond. A year-end review year’s end. Here’s a quick look at some of the key is- is an excellent time to start thinking about next year and sues you should consider when conducting your review. setting some long-term goals. Take a close look at your Review your retirement assets. Whether your retire- day-to-day finances to see if you can reduce expenses In today’s challenging fi nancial environment, actively reviewing ment is a long way off or right around the corner, it is and save more. Then make an honest assessment of your municipal bond portfolio is essential to help you achieve likely that you’ll have to make periodic adjustments to which goals are most important to you and then commit your fi nancial objectives. your retirement portfolio. Make sure the investments to meeting them. Morgan Stanley Smith Barney can provide you with access to you’ve chosen are still an accurate reflection of your Article by McGraw Hill and provided courtesy of Morgan the tax-free1 municipal bond market and our comprehensive risk tolerance and time horizon Stanley Financial Advisor. The author(s) are not employees of municipal services, including: Keep tabs on college funding plans. With college Morgan Stanley Smith Barney LLC (“MSSB”). The opinions ex- costs reaching astronomical heights, you need to utilize pressed by the authors are solely their own and do not neces- • Portfolio reviews, including a complete review of your bond every available college funding resource. Financial aid sarily reflect those of MSSB. The information and data in the holdings, underlying ratings and cash fl ow analysis and scholarships, as well as the Lifetime Learning Credit article or publication has been obtained from sources outside and Hope Scholarship Credit may help alleviate the col- of MSSB and MSSB makes no representations or guarantees • Municipal market publications from our fi xed income strategists lege cost crunch. However, aid and tax credits alone as to the accuracy or completeness of information or data from • A wide range of municipal bond offerings sources outside of MSSB. Neither the information provided nor generally will not fund your child’s college education. Make sure you’re saving and investing enough to help respect to the purchase or sale of any security, investment, Call today for an analysis of your portfolio.any opinion expressed constitutes a solicitation by MSSB with meet your goals. At a minimum, take advantage of the strategy or product that may be mentioned. The Lev Group at Morgan Stanley Smith Barney tax savings offered through an Education IRA. Morgan Stanley Financial Advisor(s) engaged Schneps Com- Judy Lev Corey Lev, CFP® Assess your income tax picture. You may be able munications feature this article. Corey Lev and Judy Lev may Senior Vice President Vice President, Financial Advisor to reduce your tax burden -- sometimes significantly only transact business in states where they are registered or Investment Management Specialist Chartered Retirement Planning Counselor SM -- by making strategic tax decisions before the end of excluded or exempted from registration. Transacting business, Financial Advisor Financial Planning Specialist the year. Your tax professional can alert you to any tax follow-up and individualized responses involving either effecting planning strategies that might make sense for your situ- or attempting to effect transactions in securities, or the render- 855 Franklin Avenue ation. ing of personalized investment advice for compensation, will 516-227-2899Garden City, NY 11530 Review critical documents. Because life’s circum- not be made to persons in states where The Lev Group is not www.fa.smithbarney.com/thelevgroup stances continually change, you should review your registered or excluded or exempt from registration. Investments legal documents and beneficiary designations every and services offered through Morgan Stanley Smith Barney LLC, year. This will entail carefully combing through any member SIPC. CRC 418082 (11/11) 1 Interest on municipal bonds is generally exempt from federal tax. However, some bonds may be subject to thealternative minimum tax (“AMT”). Typically, state tax-exemption applies if securities are issued within one’s state of The Lev Group are Financial Advisor at Morgan The value of municipal bonds fl uctuates and, upon a sale, may be worth more or less than their original cost orresidence and, local tax-exemption typically applies if securities are issued within one’s city of residence. Stanley Smith Barney located in Garden City, NY This material has been prepared for informational purposes only and is not an offer to buy or sell or a solicitation of anymaturity value. and may be reached at 516-227-2899. in this material may not be suitable for all investors. The appropriateness of a particular investment or strategy willoffer to buy or sell any security/instrument or to participate in any trading strategy. The securities/instruments discussed depend on an investor’s individual circumstances and objectives. Morgan Stanley Smith Barney does not render advice on Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. To the extent that this material or tax and tax accounting matters to clients. This material was not intended or written to be used, and it cannot be used by any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. You should always consult your own legal or tax advisor for information concerning your individual situation. of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. © 2009 Morgan Stanley Smith Barney LLC. Member SIPC. © 2012 Morgan Stanley Smith Barney LLC. Member SIPC. NY CS 6618881 FIX008 02/11 GP10-01231P-N05/10 YOUR MOM & POP STORE IS BACK! 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