Dear Friends and Family,

Summer is here at last! We hope it’s filled with rest, family, and fun. Join us at one of our June seminars—guests are welcome. Please call to reserve your spot.

June 11 – College Planning (Issaquah, WA at 12:00 pm)

June 18 – Focusing on Your Financial Future (Bethesda, MD at 12:00 pm)

Important planning tool: the Springing Durable Power of Attorney. This legal document activates upon a formal determination of disability and ensures loved ones can act on your behalf. Consult your estate planning attorney about including this in your files.

Tax Tip: If your net personal capital losses exceed your gains, you can deduct up to $3,000 against ordinary income. Excess losses can be carried forward indefinitely.

Credit Card Reform: The most sweeping changes in 40 years were just signed into law. Key changes include:

• Issuers can only raise interest rates on existing balances if payments are over 60 days late.
• Over-limit and late fees are limited unless explicitly opted in by the consumer.
• Applicants under 21 need verifiable income or a co-signer to obtain a credit card.

We’re excited to announce our new Facebook page! We’ll post seminar updates and share thoughts on key economic issues. Search ‘Katz Family Financial’ on Facebook or create a free account to connect with us.

Sincerely,

Katz Family Financial