May 2010 Trendline Financial Monthly

Trendline Financial Solutions
Peter Owen, ChFP, CLU, FLMI, CRSP, CISP
President
223 Parker Avenue
West Hempstead NY 11552
(516) 317 – 2860
peter@trendlinefinancialsolutions.com
www.TrendlineFinancialSolutions.com
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Trendline Financial Monthly
  May 2010
 Hi Everyone
The economy appears to be getting better, but peoples’ financial situations are not. The recurring theme of people I talk to centers on the amount of debt they have, their fear of  going broke, and they want help in solving these problems while maintaining their current life style. Solving financial problems takes thought and planning, and a realistic assessment of the current situation and spending patterns. If you find yourself  constantly thinking about your financial situation, it is time to review your own spending/saving patterns so that you know where your situation is going and you can enjoy the summer. Not knowing or ignoring the situation only serves to increase the amount of stomach pain you experience. 
Peter Owen  
 

How Will the Health Care Bill Help You This Year?
The health care bill that became law in March won’t be fully implemented for several years. However, by the end of this year, six important measures (detailed here) will take effect.
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Evaluating Risk in Your Portfolio
As we were all reminded in 2008, returns aren’t the only factor you should consider when determining whether your portfolio is allocated appropriately. Also important is the level of risk you take in pursuing those returns.
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How Much Life Insurance Is Enough?
Your life insurance needs often depend on a number of factors, including whether you’re married, the size of your family, the nature of your financial obligations, your career stage, and your goals.
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I started a business that lost money this year. Do I have a net operating loss (NOL)?
If you’re a sole proprietor and your business expenses exceed your business income, you have a reportable loss for income tax purposes. You’re generally able to apply this loss against any income that remains after taking your allowable nonbusiness deductions. If you still have a business loss remaining after offsetting all your income, you have a “net operating loss” for the year
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The information in any newsletter or within the website should not be construed, in any manner whatsoever, as the receipt of or a substitue for personalized individual advice from Trendline Financial Solutions. Advice may only be given after client has received a copy of the Firm’s Form ADV on file with the New York State Dep’t of the Attorney General, appropriate Firm disclosures as required by Law, and entered into a Financial Planning agreement with the Firm.

Trendline Financial  Solutions is a Financial Planner Firm offering Financial Planning and Investment Management with offices in Southold, Great Neck  and West Hempstead, NY, convenient to Garden City, Rockville Centre, Floral Park, Manhassett, Roslyn

Servicing all Nassau County villages:

Atlantic Beach
Bellerose
Cedarhurst
East Rockaway
Floral Park
Freeport
Garden City
Hempstead
Hewlett Bay Park
Hewlett Harbor
Hewlett Neck
Island Park
Lawrence
Lynbrook
Malverne
New Hyde Park
Rockville Centre
South Floral Park
Stewart Manor
Valley Stream
Woodsburgh
Bayville
Brookville
Centre Island
Cove Neck
Farmingdale
Lattingtown
Laurel Hollow
Massapequa Park
Matinecock
Mill Neck
Muttontown
Oyster Bay Cove
Old Brookville
Sea Cliff
Upper Brookville
Baxter Estates
East Hills
East Williston
Flower Hill
Great Neck
Great Neck Estates
Great Neck Plaza
Kensingston
Kings Point
Lake Success
Manorhaven
Mineola
Munsey park
New Hyde Park
North Hills
Old Westbury
Plandome
Plandome Heights
Plandome Manor
Port Washington No.
Roslyn
Roslyn Estates
Roslyn Harbor
Russel Gardens
Saddle Rock
Sands Point
Thomaston
Westbury
Williston Pk

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