Fairtrust Financial - April 2015 Newsletter, Recovering from Identity Theft, News and More!
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Happy Spring!

In the April 2015 Newsletter, you will find:

  • Article on Recovering From Identity Theft
  • In the News/Updates
  • “Springtime – A Time to Renew and Refresh” Blog Post

Recovering From Identity Theft

It’s hard to not hear about the latest data breach and the people who are affected by identity theft.  Last quarter’s newsletter featured an article on How To Protect Yourself From Identity Theft so I thought that this quarter’s article would be a good follow up on the topic.  Please read Recovering From Identity Theft by CLICKING HERE.

Last fall, I attended the Financial Planning Association’s annual Symposium and there were a number of sessions that addressed identity theft.  One of the things I learned at the Symposium was that if you are an actual or potential victim of identity theft, you can file for and submit an Identity Theft Affidavit Form, IRS Form #14039, with the IRS.  This form will give you a separate ID number to use when filing your income taxes to prevent others from filing fraudulent returns under your Social Security number.


Save the Date! 

Our next Lifestyle Event will be held on Tuesday, May 12 at the North Oaks Golf Club. Cathy LeVahn, a University of Minnesota Anoka County Extension Master Gardener, will present Gardening for Butterflies.

In March, I joined the board of the North Oaks Community FoundationThe foundation's mission is to connect philanthropic interests with innovative projects that achieve a lasting impact to the North Oaks

April is Financial Literacy Month.  The Financial Literacy Month campaign encourages individuals throughout the month to take the time to think and talk about their own money matters and to take full advantage of resources designed to improve their financial literacy and well-being.

The annual North Oaks Garden Club Plant Sale is Saturday, May 9 from 9-12pm at the North Oaks Hill Farm.  Come and check out the amazing selection of annuals and beautiful hanging baskets – perfect for a Mother’s Day gift.  The sale also features perennials dug from garden club members’ personal gardens.

A Time to Renew and Refresh

It may not look or feel like it, but spring has officially arrived.  As I look outside, all I can see is the color of brown, presented in many different shades, with a small amount of green interspersed throughout the grass.

There are hints that warmer weather will soon arrive.  I can hear the distinct call of the Cooper’s hawk as it flies through the woods nearby.  The Cooper’s hawks have built nests in the woods of our backyard for the past 10 years or so.  It’s fun to watch them fly around, train their young, and drink and bathe in our large birdbath.

Every year, usually before the snow has melted, I am busy making a list of projects and things I want to do in the yard.  I can’t wait to get outside and start digging in the dirt.  This year, my husband and I are looking to replace our 30-year-old deck and to naturalize some areas of our yard with perennial gardens where it’s challenging to grow grass in shady areas.

Because I am a busy mom with two children and working, my primary goals for these projects are to beautify and simplify.  I want to make improvements that are aesthetically pleasing to the eye, functional and low maintenance.

We definitely are not do-it-yourselfers when it comes to building things, so we are starting the process of finding a professional to help us redesign and build a new deck.  After visiting the Minneapolis Home and Garden Show to get ideas, I was amazed at the number of choices available for decking material.  What seemed like an easy project now feels a bit overwhelming.

When first meeting and working with many of my new financial planning clients, they express the same feeling of being overwhelmed and not knowing where to start.  One of the primary benefits in having a financial plan is that it creates a roadmap to see where you are now and then makes a path to get you to where you would like to be in the future.  A financial plan also helps you review and coordinate all aspects of your finances.

Another benefit of having a financial plan is to help you simplify and make managing your financial affairs easier.  One of my clients was having difficulty monitoring and keeping track of all of his investments.  He had 13 different accounts ranging from 401(k) plans at former employers to numerous IRA and Roth IRA investment accounts at different mutual fund managers. He made the decision to consolidate the 13 accounts into 2 accounts – an IRA and Roth IRA account, which simplified his life and his estate plan as well.

If he would have left the 13 accounts as they were, it would have become a nightmare for the multiple beneficiaries of those accounts to first locate all of them, and second be able to liquidate and transfer their share of each of the accounts.
The other benefit in consolidating your accounts comes when you are ready to start taking withdrawals from the accounts during retirement.

With the tax season coming to a close, now is a great time to evaluate your financial situation to ensure you have the proper plan in place to achieve your goals and to simplify your life.

I hope you enjoyed the newsletter. I always like to hear about topics that you care about that relate to planning for retirement and living a more purposeful life in retirement to use for future events and newsletter articles. Please email me at with your thoughts and ideas.

Thank you.

"Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable."


William Pollard

Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC.Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Fair Trust Financial LLC are not affiliated.

Copyright © 2015 Fair Trust Financial, All rights reserved.

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