Insights Magazine Fall 2013

Content Type: Article

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Insights offers Regions Private Wealth Management's perspective on current economic issues, wealth strategies, your business, retirement and planning tactics. Download Insights Magazine Fall 2013 Issue.

Like many Americans, you may have questions about federal healthcare reform and how it will affect your and your family’s ﬁnancial planning. We hear time and again from afﬂuent clients about the challenges of preparing for health- and long-term care, especially given rising costs and the evolving insurance marketplace.

Ahead of the Curve

Like many Americans, you may have questions about federal healthcare reform and how it will affect your and your family's ﬁnancial planning. We hear time and again from afﬂuent clients about the challenges of preparing for health- and long-term care, especially given rising costs and the evolving insurance marketplace.

At Regions Private Wealth Management, our goal is to serve as your trusted advisor and help you navigate these challenging, yet vital, aspects of your ﬁnancial planning. Your Wealth Advisor provides objective guidance, so that you can make decisions that protect your family's ﬁnancial well-being and legacy.

As always, we aim to keep you informed of the latest news and information that will affect your wealth planning.

In this edition of Insights, our cover story ("Healthcare and Your Wealth," page 8) looks at timely considerations to help you better plan for future health- and long-term care expenses based on your stage in life — whether you're working, nearing retirement or already retired. Following that, in Regions' Perspective ("Healthy Conversations," page 13), Director of Financial Planning Jeff Winick explains how your Wealth Advisor can help you simplify the complex and often emotional aspects of healthcare planning. Then, in Your Business, we look at how business owners can assess their options on the newly formed public health insurance exchanges and ﬁnd cost-effective coverage.

We're also happy to introduce a new feature on page 6 — Good Life — which will explore ways that your ﬁnances and lifestyle intersect. Living well, after all, is about maximizing your wealth and spending in ways that matter most to you.

We wrap up this issue with an interview with Odes Kim, a Dallas entrepreneur who emigrated from South Korea. Odes and his wife Ann have an inspiring story of how they built a successful janitorial company with more than 300 employees, along with two restaurants, and are now working with Regions Private Wealth Management to create a charitable foundation.

Wealth Intelligence- Understanding the Value of 529s

Why a 529 college-savings plan can help you save tax efﬁciently; how retirees can take college courses for free; a 2013 year-end financial checklist; tips for finding bargain airfares this holiday season. p4

In Retirement- Withdraw Wisely

The "4% rule" may not be the best strategy for drawing down your retirement savings. Here are three considerations for determining the right withdrawal rate. p7

Cover Story- Healthcare and Your Wealth

With federal healthcare reform laws taking effect, now is a good time to assess your health- and long-term care planning strategies. Here's a look at some considerations to help you prepare. p8

Regions' Perspective- Healthy Conversations

Planning for healthcare and long-term care can be complex and emotionally involved. Jeff Winick, Director of Financial Planning, explains how your Regions Wealth Advisor can help. p13

Your Business- Navigating Healthcare Reform

As the public exchanges open, business owners have important decisions to make. Here's a look at what healthcare reform could mean for your business. p14