Mt. Pleasant (989) 772-1209 | Midland (989) 631-9500
RFM Financial Solutions, LLC

Archive for June, 2012

Do you miss receiving your social security benefits statement?  If you recall, the Social Security Administration used to mail annual statements to you, but suspended this service back in 2011.  Last month, the SSA announced that workers age 18 and older can now access their Social Security Benefit statements online.  “Our new online Social Security statement is simple, easy-to-use, and provides people with estimates they can use to plan for their retirement,” says Michael Astrue, Commissioner of Social Security.  This is a terrific financial planning tool because you can also view estimates for disability and survivor benefits. 

To access the site, you will need to register at  You will be asked to create a unique user name and password as well as correctly verify personal information during this registration process.  They have also added an additional security measure in offering you the ability to set up text-message alerts for each time someone logs into your account.

It is our recommendation that you take the time to register and login to the website.  This information needs to be monitored to ensure accurate information from your employer is being submitted.  It is also important to check this information to be sure that no one else has used your Social Security Number.  Rest assured that this site is strictly informational so if someone did gain access to your account they could not make changes to your benefits.

William Barrett of Forbes magazine wrote an interesting article that discusses how even if your in your 50’s and have not saved for retirement, there is still time!  There are some great tips and tricks to this.

Click here to read the entire article!

Click here for Slide Show! has created a fun slide show that informs us of their recent findings from a monthly survey regarding fees.  They not only talk about the fees that “bug” us, they discuss solutions on how to avoid them. has a terrific short tool on their page that will ask you a few questions to help guide you and your financial adviser in the right direction according to your risk tolerance level.  While this tool in no way goes into enough detail for you to make long-term decisions, it is still a nice check to see where you stand.

It’s quick and easy and well worth the time to take a peek!

Click here to fill it out!

Asset allocation can be a very complicated topic or it can be a simplistic one.  Here is a simple yet effective way to look at asset allocation.  It basically comes down to how much you should have in cash, bonds and stocks.  Here are three simple rules to help you keep your portfolio in check.

  1. If you need the money in the next year, it should be in cash.
  2. If you need the money in the next one to five years, choose safe, income producing investments.
  3. Any money you do not need within the next five years is a candidate for the stock market or stock mutual funds.

According to Jeremy Siegel’s Stocks for the Long Run, since 1802 stocks outperformed bonds in 69% of rolling five-year investing periods (1802-1807, 1803-1808, etc.).  The percentage of the time the stocks beat bonds only improves as you look over the longer horizon.  Bottom line is when you need your money will partially dictate where you put it.  Your tolerance for risk is also a key factor.

If you would like to discuss your current mix in your portfolio to make sure you are heading in the direction you would like, give us a call today!