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Financial Fitness Blog

Financial planning services: More convenient locations

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Brenda EcheverriaOur popular financial planning services are now available at three additional locations throughout the state.

Appointments are always available at our home office in Madison, but as a convenience, appointments will be offered at these locations on a monthly basis for the 2014–2015 school year:

Whether you are just starting out, wondering if you are on track to meet your financial goals, or planning for retirement, look to us for help.

Appointments fill up fast. Give us a call at 1-800-279-4030 or send an email to set up your appointment today. For more information and specific dates and times, visit our financial planning web page.

Must be a WEAC member or a Wisconsin public school employee to participate in our financial planning services. Family members may also be eligible. Call for details. Wisconsin residency required. All investment advisory services are offered through WEA Financial Advisors, Inc.

Play it safe with fireplaces and woodstoves

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Mark DannehlThere’s nothing like snuggling up next to a warm and cozy fireplace when it’s cold outside—and it sure is cold outside right now! But don’t let this popular winter pastime lose its charm by becoming a safety risk. Unfortunately, the threat of winter fires is real.

  • About 25,000 fires start in the fireplace each year.
  • More than 900 people die in winter home fires each year.
  • Approximately $2 billion in property loss occurs from winter home fires.

Following a few precautionary measures will help to ensure the time around the hearth is enjoyable and safe.

  • Inspect and clean woodstove pipes and chimneys annually and check monthly for damage or obstructions.
  • Never burn trash, paper, or green wood.
  • Use a fireplace screen heavy enough to stop rolling logs and big enough to cover the entire opening of the fireplace to catch flying sparks.
  • Make sure the fire is completely out before leaving the house or going to bed.
  • Don’t overload the firebox. Generally, burning no more than three logs at a time is recommended.
  • Store cooled ashes in a tightly sealed metal container outside the home.

Source: National Fire Incident Reporting System

Mark Dannehl, Personal Insurance Consultant

Exciting fund enhancements coming soon

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Jay LukasWe are pleased to announce that we’ll be making some exciting enhancements to our investments this year. Effective March 9, 2015, we will be adding a bond fund that will complement the Prudential Guaranteed Investment* for those looking for an additional fixed income option. For those interested in fully indexed investments, we will be adding the Vanguard Total Index portfolio that includes international funds. If you are a 403(b) or IRA participant with Member Benefits, you should receive a letter with more details this week.

Watch for the second quarter rollout of model portfolios that allow you to build portfolios based on the type of investor you are. These portfolios also automatically rebalance, so they are low maintenance. Stay tuned.

If you have any questions, please call us at 1-800-279-4030.

Jay Lukas, Assistant RIS Consultant  

This blog is for informational purposes only and not intended to be legal or tax advice. Consult your tax advisor or attorney before taking any action. The Trustee Custodian for the WEAC IRA accounts is Newport Trust Company. The 403(b) retirement program is offered by the WEA TSA Trust. TSA program registered representatives are licensed through WEA Investment Services, Inc., member FINRA.

Keep in mind that mutual fund investments are not guaranteed and may gain or lose value. Past performance is no guarantee for future results. Future performance may be lower or higher than past performance. Before investing in any mutual fund, call WEA Trust Member Benefits at 1-800-279-4030 to request a prospectus. We advise you to read it carefully and consider the fund's investment objectives, risks and charges and expenses carefully before investing. The prospectus contains this and other information about the investment company.

*Interest is compounded daily to produce the current annual yield prior to the deduction of program administrative fees. Contributions and earnings are held in the general account of Prudential Retirement Insurance and Annuity Company (PRIAC). Principal and net credited interest are fully guaranteed by PRIAC. Such guarantees are based solely upon the financial strength and claims-paying ability of PRIAC. For more information go to weabenefits.com/pru.