2014 Charitable Gifting Deadline Fast Approaching

deadline

In order to ensure timely processing of your gifting directives, your friends at Coldstream request that you have all charitable gift requests for 2014 submitted to us by

Friday December, 19 2014

We wish you and yours a safe and healthy Holiday Season

Reminder from your Friends at Coldstream:

Deadline for Required Minimum Distributions (RMDs): Clients who are 70½ or older must take an RMD from their IRA and/or their QRP for the 2014 tax year. All RMDs must be withdrawn by December 31, 2014, with the exception of those clients who turned or will turn 70½ during this calendar year; these clients may defer their first distribution until April 1, 2015.

A Coldstream Reminder: The Holiday Season is also Prime Season for Identity Thieves

Please take a look at the following risk measures to protect your finances during the most wonderful time of the year.

Tips on Preventing Fraud

Unfortunately, in our ever interconnected and automated world, we are seeing a big uptick in cases of fraud. While it is unlikely all cases may be prevented there are several ways you can better protect yourselves and your information.

While there is no current way for the IRS to alert you if a Tax Return has been filed fraudulently on your behalf, and many of the credit monitoring agencies only report on new account activities, there are still many things we as consumers may do to protect ourselves.

Protect your Social Security Number
Do not carry your social security card on you. If asked for your Social Security number, ask why it is needed and what will happen if you don’t provide it. If your health plan or other type of ID card uses your social security number, request the company replace it with a different number. Routinely check your earnings record posted to your Social Security Statement. As paper statements are no longer being mailed each year we recommend you sign up for online access at www.socialsecurity.gov/myaccount to create an account. Sometimes social security numbers are used by illegal workers or in error so routinely checking the earnings the Social Security Office as compared to your actual earnings will highlight a potential problem. More information may be found on the Social Security webpage www.ssa.gov.

Fight “phishing’ – don’t take the bait
Scam artists “phish” for victims by pretending to be banks, stores or government agencies, even the IRS. They do this over the phone, via emails and regular mail. Don’t give out your personal information unless you initiated the contact. Even if the web address or email address look legitimate, do not follow any requests to ‘click on the link’; scam artists are excellent at creating legitimate looking sites. Don’t respond to a request to verify your account number or password. Legitimate companies would not request your information this way. If in doubt, hang up and contact your financial institution.

Keep your identity from getting trashed.
Shred or tear up papers with personal information before you throw them away. Shred credit card offers, bills, bank statements and anything with your social security number on it. Consider signing up for online statements rather than paper copies or and even consider a PO Box or locking mail box to avoid having your mail compromised.

Control your personal financial information
Check with your bank and other financial institutions on their policies for sharing your personal information. Rest assured Coldstream never shares personal information unless required by law or explicitly requested by you. Coldstream’s privacy policy is included with your quarterly report and also available by request.

Shield your computer from viruses and spies
Protect your personal information on your home computer. Use strong passwords with at least eight characters including a combination of letters, numbers, and symbols; use something easy for you to remember, but difficult for others to guess. Use firewall, virus and spyware protection software that you update regularly. Steer clear of spyware by downloading free software only from sites you know and trust. Don’t install software without knowing what it is. Set Internet Explorer browser security to at least “medium.” Don’t click on links in pop-up windows or in spam e-mail.

Click with caution
When shopping online, check out a Web site before entering your credit card number or other personal information. Read the privacy policy and look for opportunities to opt out of information sharing. If there is no privacy policy posted, beware! It may be best to shop elsewhere. Only enter personal information on secure Web pages with “https” in the address bar and a padlock symbol at the bottom of the browser window. These are signs that your information will be encrypted or scrambled, protecting it from hackers.

Be cautious with Social Media
Avoid posting on Social Media when you will be away from home, while it is fun to share travel plans, it alerts others that your home may be unattended. Set your profile to private so only invited contacts may see your information. However, remember if you are tagged in a photo all the contacts of the other people tagged may now see your information so if in doubt, ask to have the tag removed.

Check your bills and bank statements
Open your credit card bills and bank statements right away. Check carefully for any unauthorized charges or withdrawals and report them immediately. Call if bills don’t arrive on time as it may mean that someone has changed contact information to hide fraudulent charges.

Stop pre-approved credit offers
Stop most pre-approved credit card offers. They make a tempting target for identity thieves who steal your mail. Have your name removed from credit bureau marketing lists. Call toll-free 1-888-5OPTOUT (888-567-8688), or opt out online at www.optoutprescreen.com.

Ask questions
Ask questions whenever you are asked for personal information that seems inappropriate for the transaction. Ask how the information will be used and if it will be shared. Ask how it will be protected. Explain that you’re concerned about identity theft. If you’re not satisfied with the answers, consider going somewhere else.

Check your credit reports – for free
One of the best ways to protect yourself from identity theft is to monitor your credit history. You can get one free credit report every year from each of the three national credit bureaus: Equifax, Experian and TransUnion. Request all three reports at once, or be your own no-cost credit-monitoring service by spreading out your requests, ordering from a different bureau every four months. Order your free annual credit reports by phone, toll-free, at 1-877-322-8228, or online at www.annualcreditreport.com.

If you have any questions or concerns about potential fraud activity please contact Coldstream, we are happy to help and discuss the best options for you.

Coldstream and Strategas Invite you to attend: Late-Cycle Pop or Sustained Re-Acceleration

strategas_invite

Register Now!

 

Coldstream Portfolio Manager James Walsh speaking with the Bellevue based magazine 425 Business

jw 425 magazineJames is speaking about his favorite local restaurant for a business lunch.   You can find the print version in the November 2014 Print Edition of 425 Business.

Hopelink Luncheon

  Coldstream team members Liz McQueen and Emily Kopp were thrilled to participate in Hopelink’s annual Luncheon held at the Meydenbauer Center in downtown Bellevue. Hopelink has served homeless and low income families, children, seniors and people with disabilities since 1971. http://www.hope-link.org/ The Luncheon was attended by over 1500 people who were all inspired by…

Throw Back Thursday #tbt

One of Coldstream’s distinguished Portfolio Managers: Robert Frazier

Third Quarter Choppiness – Where Do We Go from Here?

With a back drop of an increasingly solid economic landscape in the US, deflation fears in Europe, and geopolitical uncertainty in the Middle East, Ukraine and Hong Kong, it is not surprising that the third quarter was tumultuous. European equity markets, responding to slowing growth, were weak across the board. In the United States, the…

New Hire

Tiffany Weymouth, CFP, joined Coldstream in September as a Private Client Services Associate on the Joe Cervantes relationship management team. She brings a depth and breadth of financial services experience to the role including private client services expertise, most recently from Key Bank Private Client Services in Bellevue, WA. She holds a Bachelor of Arts…

Fall’s Arrival and the Return to School of Kids and Grandkids

Young adults are on the move – you’ve packed them up, bubble wrapped precious treasures, the sound of packing tape howling as it seals another box headed to college. The SUV completely stuffed – perhaps a U-Haul Truck depending on the size of the move. Whether it’s a dorm room, off campus housing, fraternity or…