Dear Friends and Family,

Government budget cuts: The March 1st cuts amount to a 2% reduction in budget—not enough to cause concern. We hope Congress avoids another delay.

Bond Fund Risk: Inflation expectations and shifts from bonds to equities may depress bond values. Review any bond holdings outside of our firm.

Timely Alert: The IRA Charitable Rollover is extended through 2013. Rules include:

• Must be age 70½ or older
• Must complete rollover by Dec 31, 2013
• Only traditional IRAs qualify
• Limit: $100,000 per year

Ask us if you’ve made your 2012 IRA contribution. Annual advisor fee info is on page one of your year-end statement.

Sincerely,

Katz Family Financial