RE/MAX 440
Roxanne Christy
4092 Skippack Pike, P.O. Box 880
Skippack  PA 19474
 Phone: 610-584-1160
Office Phone: 610-584-1160
Cell: 267-252-0567
Fax: 267-354-6977 
rchristy@remax440.com
Roxanne Christy

My Blog

Personal Finance 101: What is a Fiduciary?

December 12, 2016 2:30 am

Those looking into hiring a finance advisor may have heard the term “fiduciary” thrown around. But what is a fiduciary, and do you need one?

"Consumers are hearing the term 'fiduciary' more often, but increased awareness doesn't necessarily equal increased understanding," explains  National Association of Personal Financial Advisors CEO Geoffrey Brown.

What is a fiduciary? A fiduciary is a professional entrusted to manage assets or wealth while putting the client's best interests first at all times. Financial advisors who follow a fiduciary standard must disclose any conflict, or potential conflict, to their clients prior to and throughout the advisory engagement. Fiduciaries will also adopt a code of ethics and will fully disclose how they are compensated.

Non-fiduciary financial professionals can recommend investments with higher fees, riskier features and lower returns because they earn more money for the advisor, even if those investments are not the best choice for their clients.

Who is a fiduciary? Registered Investment Advisors (RIAs) are held to a fiduciary standard of care. By law, they must act solely in the best interest of their clients. To ensure your advisor or a potential advisor is following a fiduciary standard, request to see the advisor's ADV (a form filed with the SEC) or ask if they will sign a Fiduciary Oath.

How can you find a fiduciary? Accountability is important in financial planning. While there are many people in the financial industry who profess to have the client's best interests at heart, they still may have conflicts that impact their recommendations. It's important for consumers to ask the right questions of any potential advisors.  

Source: http://www.napfa.org

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How to Keep Your Pipes From Freezing

December 12, 2016 2:30 am

Winter means toasty fires, steaming cups of hot cocoa and—for many—frozen pipes. Frozen pipes can lead to major damage, so it's important to keep them protected when cold air hits.  

Gary Eisenhauer, a manager at The Sunny Plumber in Las Vegas, recommends a few tips for protecting your pipes as the weather turns cold.  

- When an overnight freeze is expected, slowly run one or two faucets to keep water moving through the lines.

- Outdoor hoses and their connection to water sources are particularly vulnerable to freezing weather. Eisenhauer advises consumers to unscrew hoses from the outdoor facet to allow for drainage and keep outside hose bibs open to allow water to drain.

- All outside pipes and hose spigots should be insulated, this is easy to do with the purchase of an installation kit from your local hardware store.

- Pipes running against exterior walls, like those in kitchens, are often subject to freezing and typically have little to no insulation. Keep cabinets under kitchen and bathrooms sinks open to allow for warm air flow to prevent freezing.

- Pipes in unheated areas like basements, attics and near garages are also susceptible to damage from cold. Take special care to insulate these areas.

- Heat tape is a great product to insulate water pipe. These "pipe sleeves" could be as simple as newspaper wrapped around pipes to keep them warm and insulated.

- During cold spells, Eisenhauer recommends keeping your thermostat set at the same temperature during the night and day – this helps regulate temperatures and prevent unwanted expansion.Source: thesunnyplumber.com.

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How to Pay Less at the Gas Pump

December 9, 2016 2:24 am

While gas prices dropped to a 12-year low this past July and are expected to remain favorable, it’s always a smart idea to be prudent when it comes to fuel usage – both for your wallet and the environment. Here’s some great advice from the U.S. Department of Energy, on saving money at the pump.

Turn your engine off when you’re parked for more than 10 seconds. Idling can use a quarter to a half gallon of fuel per hour, depending on engine size, adding up to $.03 cents* of wasted fuel a minute.

Calm down behind wheel. Aggressive driving – i.e., speeding, hard braking, rapid acceleration -  can lower your highway gas mileage by up to 33 percent and your city mileage by 5 percent.

Watch your speed. Every five miles per hour above 50 miles per hour, equates to an additional $.19 cents per gallon of gasoline. 

Stow items inside the car as opposed to the roof rack. This reduces “drag,” which can decrease your fuel economy by up to 8 percent in city driving and up to 25 percent at Interstate speeds. 

That said, avoid keeping heavy items in your car; an extra 100 pounds in your vehicle could increase your gas costs by up to $.03 cents per gallon.

Run all your errands at once since stopping and starting cold can use twice as much fuel as one trip covering the same distance when the engine is warm.

Drive less. Of course telecommuting, carpooling, and public transportation are the ultimate ways to save on fuel costs. Try walking or biking and you can tick off the exercise box, too.

*All cost estimates assume an average price of $2.69 per gallon.

Source: fueleconomy.gov

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5 Tips for Easy Holiday Shipping

December 9, 2016 2:24 am

(Family Features)--It's the most wonderful time of the year, and holiday gift-giving and receiving is at the top of everyone's to-do list. There are several simple steps you can take to make those deliveries a little easier.

1. Pack like a pro (or rely on one). Be sure your packages arrive intact by using the proper materials. Use sturdy, corrugated boxes as well as foam packaging peanuts and bubble cushioning to protect your gifts. Allow at least 2 inches on all sides of the items being packed, including the top and bottom.  

2. Secure delivery locations. If you're expecting deliveries of online purchases or gifts, you may hesitate to leave the house and enjoy holiday outings and family activities. Some companies allow you to redirect packages to a neighbor or a nearby business so you can rest assured your packages are in good hands.

3. Ask for a guarantee. After spending precious time selecting each gift, you need assurance and peace of mind that your efforts won't be for naught. For example, The UPS Store offers the Pack and Ship Guarantee, a service that covers lost or damaged items. Some providers even offer coverage for the cost of packing materials, service and shipping.

4. Use tracking tools. The holiday season is no time to wonder when or if your package will arrive. Using a trackable delivery service helps ensure you can monitor your package's progress and receive an alert when it is successfully delivered.

5. Ensure gifts arrive before Santa. Timing is key when it comes to holiday shipping. Mark the calendar with these shipping deadlines so all gifts arrive just in time.

Source:  theupsstore.com 

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How to Prepare Your Car for Winter

December 9, 2016 2:24 am

As winter weather blows in, many of us are thinking about the holidays. But with temperature drops and inclement conditions involving snow and ice, it's important to pay attention to your car to ensure your safety all season long. Routine maintenance, changing tires and fluids, and traveling with an emergency kit can help drivers avoid weather-related issues.

Below are six tips to prepare for the winter season, courtesy of YourMechanic.

Store an emergency kit in your car that includes a first-aid kit, flashlight, batteries, jumper cables, food, water, flares, warm clothing, blankets, tools, and any other items that may help if your vehicle breaks down or you are at risk of being stranded.

Check your engine coolant to ensure it is able to withstand the coldest sustained temperature in your region. Consider scheduling a cooling system flush to keep the vehicle in top condition.

Inspect the windshield washer system. Make sure wiper blades are working and regular washer fluid has been replaced with winter washer fluid, which has antifreeze properties. Replace old wiper blades before winter and keep an ice scraper in your vehicle.

Perform routine maintenance including regular oil and filter changes. Extreme cold weather, below -25°F, may require a different blend of motor oil for your vehicle.

Consider winter tires if your vehicle will be driven in a region with three or more months of snow annually. The tread on winter tires provides enhanced traction. All-season or summer tires lose effectiveness below 45°F.

Test your battery. A weak battery may have difficulty starting because reserve energy levels drop when temperatures plummet.  At 0°F, a car battery can lose about 60 percent of its strength, and at 32°F the battery can lose 35 percent of its strength.

Source: http://www.yourmechanic.com

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Med-free Ways to Conquer Insomnia

December 7, 2016 2:24 am

Whether it’s due to stress, health issues or simply age-related, insomnia is sheer misery. Poor sleep can wreak havoc on our productivity and relationships, both at work and at home. Chronic fatigue is also dangerous, contributing to a host of illnesses and making it unsafe to drive or perform certain tasks.

But are over-the-counter or prescribed sleeping medications the only answer? For some, there may be no choice, but for many, there are several great, drug-free ways to induce better sleep. Give the following a try before turning to pharmaceuticals.

Read. Find a book that really grabs your interest, and make reading your nightly before-bed ritual. Reading relaxes the mind, whereas screens of any kind – TV, phone, tablet – stimulate your brain and make falling asleep even more difficult. If you wake in the middle of the night and can’t fall back to sleep, instead of endlessly turning and tossing, start reading again. A good story will divert your mind from anxious, middle-of-the-night thoughts, and before you know it, you’ll be slipping back into sound slumber.

Meditate. For anxiety-induced insomnia, meditation can be life-saving. The goal of meditation is to relieve your mind of all thoughts and simply focus on the power of deep breathing. Don’t be discouraged if you find this almost impossible to do—meditation is an acquired skill and the mere act of just trying, starts relieving your mind of stress. Try a popular meditation app, such as Deepak Chopra’s Ananda, which allows you to choose you meditation, music and the duration. A simple 10-minutes worth can provide tremendous benefits.

Do Some Yoga. While certain yoga poses get the blood flowing and leave you invigorated, other poses are geared toward relaxation and will help you wind down, such as Locust pose and Legs up the Wall. According to mindbodygreen.com, these restorative poses activate the parasympathetic nervous system, which helps to counteract stress and promote relaxation. Such poses are for beginners and pros alike and can even be done right in bed!

Try Some Tea. Often underrated, natural night-time teas can work wonders. You can also brew a cup if you wake up in the middle of the night, since they are always caffeine-free. There are many on the market, but look for ingredients such as chamomile, valerian, lavender and lemon balm. You can also grow your own lemon balm and add a little to your dinner.

If all else fails, please do see your doctor. A good night’s sleep should be priority-one for all.

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Make Safety a Priority This Holiday Season

December 7, 2016 2:24 am

Your ideal holiday likely does not involve a trip to the emergency. Unfortunately, approximately 15,000 people are seriously injured and visit the emergency room during the holiday season. Between stringing lights on tall trees, enjoying fires inside and shoveling snowy drives, there are numerous ways to forget your own safety.

Below are a few holiday safety tips, courtesy of the National Safety Council.

- Never use lighted candles near trees or boughs

- Use a ladder or step stool to decorate high places

- Keep poisonous plants such as poinsettias out of reach of animals and children

- Check holiday lights for fraying, bare spots, gaps in insulation or excessive kinking in the wire

- Turn off all tree lights and decorations when not in use

- When cooking, wash hands, sink, utensils and anything else that touches raw meat

- Immediately refrigerate leftovers, and reheat food to at least 165 degrees

- If you are hosting a party and serving alcohol, make sure everyone has a safe ride home. Impairment begins with the first drink.

- Avoid giving children gifts with small parts or button batteries, which are easily swallowed and can be fatal.

Source: nsc.org

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Parents: Five Tips to Avoid Toy-Related Eye Injuries

December 7, 2016 2:24 am

While it can be tempting to give your kid that gift they've been begging for, be sure to do your due diligence to make sure that product is safe. A number of recent studies have shown that some popular toy types are commonly associated with childhood eye injuries. These include air guns and other toys that shoot projectiles, high-powered lasers, and sports equipment.

The American Academy of Ophthalmology offers the following toy safety tips.

- Beware of airsoft, BB guns, and other projectile toys. Every year ophthalmologists treat thousands of patients with devastating eye injuries caused by seemingly safe toys. Avoid items with sharp, protruding or projectile parts such as airsoft guns, BB guns and other nonpowder gun–related toys. Foreign objects can easily propel into the sensitive tissue of the eye.

- Never allow children to play with high-powered laser pointers.  A number of recent reports in the United States and internationally show that children have sustained serious eye injuries by playing with high-powered lasers (between 1500 and 6000 milliwatts). Over the years, these lasers have become increasingly more powerful, with enough potential to cause severe retinal damage, with just seconds of laser exposure to the eye. The FDA advises the public to never aim or shine a laser pointer at anyone and to not buy laser pointers for children.

- Read labels for age recommendations before you buy. To select appropriate gifts suited for a child's age, look for and follow the age recommendations and instructions about proper assembly, use, and supervision.

- Don't just give presents. Make sure to be present. Always make sure an adult is supervising when children are playing with potentially hazardous toys or games that could cause an eye injury.

- Know what to do (and what not to). If someone you know experiences an eye injury, seek immediate medical attention from an ophthalmologist. As you wait for medical help, make sure to never to touch, rub, apply pressure, or try to remove any object stuck in the eye. If an eye injury occurs follow these important care and treatment guidelines.

Source: www.aao.org.

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5 Reasons Why You Should Open a Health Savings Account

December 6, 2016 2:18 am

Many reports in recent years place medical expenses as the No. 1 cause of bankruptcy in America – even for those who have health insurance. No matter what your insurance status may be, there’s no denying that medical costs are expensive.

One way to ease the burden is by opening a pre-tax Health Savings Account (HSA). While you should check with your employer or financial advisor, here are some reasons why an HSA may be a good idea, according to Optum Bank.

1. HSA contributions are tax deductible. This means you are actually receiving discounts on health care expenses. For example, if you receive a dentist bill for $400, when you pay with your HSA, you are saving between $100 and $140 dollars based on your tax rate.

2. Your HSA money is yours to keep. Any money deposited into your HSA, either by you or your employer, is yours to keep, with no deadline for spending the money. According to Optum, this makes an HSA a great way to save for retirement – any money you keep in your account will earn interest.

3. An HSA gives you a cushion for the unexpected. You never know when a big medical expense will hit, so having a cushion in your HSA account is extremely helpful. You can also reimburse yourself from your HSA account when you pay for medical expenses out of pocket.

4. You can use your HSA for anyone in your family. You can use your HSA to pay for the qualified medical expenses of anyone you claim on your taxes, even if you're only enrolled with single coverage.

5. Your HSA can be used for many drugstore items. You can use your HSA card to pay for many common items that tend to really add up, such as over-the-counter cold medicines, pain relievers, allergy medicines, first-aid items, etc.

A small, pre-tax contribution to your HSA every month can help you meet deductibles and provide some often needed peace of mind in today’s economic climate.

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How to Make the Holidays Safe and Bright

December 6, 2016 2:18 am

The holidays are a time of friends and family. Unfortunately, they can also be a time of fire. Between 2009 and 2013 fire departments responded to over 1,000 home structure fires in the United States due to holiday decorations and/or Christmas trees, according to the National Fire Protection Association.

The following eight tips can help ensure safety during the holiday season:

- Install smoke detectors on every level of the home, making sure at least one is located outside the sleeping area.

- Use holiday lights that are approved by a nationally recognized testing organization, such as Underwriter's Laboratory (UL). Only use indoor lights indoors and outdoor lights outside.

- Before hanging any lights, inspect them for frayed wires, broken sockets or other signs of wear. Test each light string and discard damaged sets.

- Use no more than three light sets on any one extension cord. Place extension cords against the wall to avoid tripping hazards. Do not run cords under rugs, around furniture legs or across doorways.

- Keep electrical connections off the ground and make sure they are clear of downspouts, railings, aluminum siding, standing water and snow.

- Never leave lights on trees and decorations unattended. Turn them off before you go to bed or leave the home. Consider using a timer.

- If you use an artificial tree choose one that is tested and labeled as fire resistant.

- If using a real tree, lessen the fire hazard by making sure it stays fresh. Cut off about two inches of the trunk to expose fresh wood and insert the base into a stand that holds water. Keep the stand filled with water. Keep the tree away from heat sources such a furnaces and heat registers, fireplaces, and space heaters.

Source: www.ConsumersEnergy.com.

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