Fairtrust Financial - July 2014 Newsletter, Social Security, Summertime and More!
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Retirement Planning

Regarding Social Security

In working as a Certified Financial Planner™ Professional, two of the most common questions I am asked are about Social Security.  The first question is: When should I file for Social Security? And the second is: How can I maximize my benefit?  The answer to those questions really depends on each person’s unique situation and a number of different factors.

Your social security benefit is the most important part of your retirement income being you will receive it as long as you live!  It’s the only annuity that you do not have to pay for to have for your entire life so the decisions you make on this annuity are important.

In 2012, 38% of men and 43% of women filed for benefits at age 62, according to the Social Security Administration.  And 41% of men and 37% of women filed at full retirement age.  Only 3% took benefits at age 67 or later.

When preparing financial plans for my clients, the financial planning software that I use has a neat feature that shows the different social security claiming strategies that individuals and couples can choose to maximize their benefits.  This report has been extremely popular with my clients in helping them decide when they should start taking their benefits!

This quarter’s feature article outlines Social Security Retirement Benefit Basics.  If you have any questions about Social Security or are interested in knowing how to maximize your Social Security benefits, please contact me to set up a meeting time.

Learn more about Social Security Benefits HERE.


Summertime is such a busy but fun time of the year.

It’s so nice to be outside, breathing the fresh air, and spending more time with family and friends. I enjoy watching my son’s baseball games and running around to various activities with my kids. My son and daughter both play tennis and my daughter recently joined the swim team at Lifetime Fitness in White Bear Lake. She absolutely loves it!

During the spring and summer months, I also enjoy tending to my gardens. I have a garden plot at the Community Garden in North Oaks. It’s always fun to meet the other gardeners and to try growing different things each year. I have to admit that one of my obsessions is growing Brussels sprouts.

The first year I had my garden plot, which was many years ago, I tried growing Brussels sprouts. They were absolutely fabulous! I had so many Brussels sprouts from four plants that I ended up giving some of them away. So, the next year when I planted them again, I assumed that Brussels sprouts were an easy vegetable to grow. Not true. I have been trying to replicate the success I had the first year ever since. Not to say it’s been all my fault. One year mice decided to build their den underneath my plants and another year the excessive rains drowned them out shortly after planting them. It seems that much of their success is dependent on the weather and factors that are out of my control. I have done some reading on companion planting and vegetable gardening and have made some adjustments with mixed results.

This year as of the end of June, I now only have two of the four plants remaining. The survivors look very healthy, so I am hopeful. In my mind, persistence will ultimately pay off in the end if you really want something. At least that is what I tell my kids as they are growing up and face different challenges in their lives.

Here’s a link to one of my favorite recipes for Brussels sprouts from  In the recipe you can substitute bacon for pancetta. Bon Appetit!


On June 16, I was an Eagle Sponsor for the second year at the ACEC of Minnesota Scholarship Golf Tournament.  ACEC of MN is a professional organization dedicated to advancing the practice of consulting engineering. Currently, ACEC of MN boasts over 150 member firms, representing over 4,500 employees. This year, over $14,500 was raised for next year’s engineering scholarships. It was a fun day the Oak Marsh Golf Course! 

On June 25, we held the “Lifestyle Event” Helping Your Young Adult Child Succeed in Today’s Job Market.  Karen Kodzik, the owner of Cultivating Careers was our featured speaker.  It was an educational and interactive session that not only addressed the challenges young adults are facing today in gaining meaningful employment, but we also discussed what’s changed in searching for a job for those who are re-entering the job market.

Upcoming Events

Wednesday, September 17, 2014 –

Our next “Lifestyle Event” featuring Carly Gatzlaff, Owner of À La Mode Wardrobe Consulting at the North Oaks Golf Club.

November 2014 –

“Lifestyle Event” on Cyber Fraud and Identity Theft to be held at the North Oaks Golf Club

Success is the result of perfection, hard work, learning from failure, loyalty, and persistence. 

-Colin Powell

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.

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 © 2014 Fair Trust Financial, All rights reserved.

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