May Newsletter

Schnack Financial Group, Inc Randy Schnack President/CEO 227 South Blvd Oak Park, IL 60302-4712 708-386-2790 info@schnackfinancial.com www.SchnackFinancial.com

Schnack Financial Newsletter Helping you achieve your financial goals since '75 May 2012 Schnack Financial Newsletter

Hidden Taxes: What Is Your True Cost? We are pretty well aware of the taxes we must pay as U.S. citizens; income taxes, payroll taxes, sales taxes, property taxes, and gift and estate taxes, to name a few. We can easily see these taxes on our pay stubs, tax bills, and sales receipts. But, there are other taxes imposed on us that you may not be aware of. They are "hidden taxes." More Details Why Women Need Social Security Did you know that the first person ever to receive ongoing Social Security benefits was a woman? More Details Pay Down Debt or Save and Invest? There are certainly a variety of strategies for paying off debt, many of which can reduce how long it will take to pay off the debt and the total interest paid. But should you pay off the debt? Or should you save and invest? More Details What is personal liability insurance and do I have it? Personal liability insurance protects your assets if you injure another person or damage someone else's property. More Details What is umbrella insurance and why do I need it? Umbrella liability insurance (ULI) provides additional liability coverage in excess of the liability coverage provided by other insurance policies, such as homeowners, renters, and auto insurance. More Details

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This material is designed to provide information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Schnack Financial Group, Inc., its affiliated companies, and their representatives do not give legal or tax advice. Use of this material constitutes understanding and acceptance of these provisions. Schnack Financial Group, Inc. and specifically Randall Schnack, its president, is licensed to solicit and sell insurance, annuities and/or securities in the following jurisdictions only: AZ, CA (#0E19595), FL, GA, IL, IN, IA, MI, OH, NE, TX, WI. We are not able to discuss or sell insurance, annuities and securities to individuals or entities who reside outside of these jurisdictions. Residents living in any jurisdiction where we do not hold the appropriate license will be referred to an associate who is licensed in that resident's jurisdiction. This communication is strictly intended for individuals residing in the state(s) of AZ, CA, FL, GA, IL and MI. No offers may be made or accepted from any resident outside the specific states referenced.