Monthly Newsletter
Melissa J. Stein
President
CFP, CRPC
Financial Advisor

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In This Issue
Client Alerts
Investment Words
Market Commentary
Featured Article
Client Alerts


 

Tax Day Refunds

 

Start now considering the  best way to invest any tax refund coming to you.  Call Melissa  at  724-260-0491

for advice and suggestions.

 

 

RMD Reminder

 

Nearing 70½? Don't forget to start taking your IRA Distribution. If you were born on or before June 30, 1942,  you   must   take

a required minimum distribution (RMD) from your IRA for 2012. IRA owners who reach age 70½ in 2012 may elect to defer this first payment until no later than April 1, 2013.

 

Each year after the year you turn 70½, your RMD must be made no later than December 31. If you don't take your RMD by the required date, you are subject to a 50% excise tax on the amount not distributed. MFS is required to report all IRA owners who must take an RMD during the calendar year to the IRS.

 

 

 

 

Quick Links

 
IRS  

Investment Words


Social Media    

 

Primarily internet  or cellular phone based applications and tools to share information among

people. Social media includes popular  networking websiteslike    Facebook    and     Twitter;

as   well  as   bookmarking  sites

like Digg or Reddit.  It  involves   blogging    and    forums    and

any   aspect   of   an   interactive 

presence      which    provides individuals    the   ability    and opportunity  to  engage  another, often  as  a  discussion  over   a particular blogpostnewsarticle, or event.

 


Social Investing    
 
Social Investing is the deliberate effort to invest money in financial securities that reflect your personal social attitudes while avoiding financial securities that support things you disagree with. It can also reflect religious, political or environmental beliefs as well. Social investing stems from the philosophy that financial support of something is the same as endorsing it.

 

 

 

 

  

 

 

 

 


 






Greetings!

Easter came early in April for 2012.  It is what is called a "moveable feast" because the date of it is fixed according to the moon.  Easter Sunday has to be the first Sunday after the full moon, which can fall as early as March 22 or as late as April 25.

April Fools' Day came the same day in 2012 as always - on the first day of April.  Below is fun-to-know information about France and the probable origin of April Fool's Day:
  • In France, school children celebrate the holiday by taping a paper fish to the backs of other kids. Once the victim discovers the fish the other kids yell out "Poisson d'Avril" (April Fish).  Bakeries and cholocatiers participate by making fish-shaped French pastries and chocolates in honor of the holiday.  Historians think this custom began when King Charles XIV reformed the calendar in 1564, moving the start of the year from the end of March to January 1.  Many in rural France stubbornly clung to the old calendar system and still celebrated the New Year during the week between March 25 and April 1st. Pranksters teased them by putting a paper fish on their backs..."Poisson d'Avril."   
One final April Fool's Day fun fact - home made in the U.S.A.
  • In 1998 Burger King ran an ad in the USA Today, saying people could now order left-handed Whoppers. The funny part is that people actually ordered the new burgers, and some others requested the old right handed version.  Burger King said all the condiments were rotated 180° to suit the left-handed burger connoisseur.    

Please remember that any day of the month I welcome your call if you have questions or want to discuss an aspect of your investments.

 

Until next month....    

 

Very Truly Yours,
Melissa     
Melissa's Signature


Citation: 
Market Commentary
 


WHAT HAPPENS TO OUR SOCIAL MEDIA IDENTITY WHEN WE DIE?   

How long does our online presence last?

 

Presented by Melissa Stein

          

If you use Facebook, LinkedIn and Twitter, you may have wondered what happens when users die. Are profiles immortal? Are memories lost? Few users really know.

 

Curiosity about this topic dates to the days of MySpace. When young MySpace users died, their pages lived on - the social media portal went with a policy of not assigning control of a dead user's account to another person, reflecting both privacy concerns and respect for the deceased. So how do the major social media sites in this decade handle such issues?  (1)   

 

Facebook.  If you pass away, your page won't disappear - unless you or your loved ones decide that it should. Facebook adopted a policy of "memorializing" the pages of deceased users. When an account is memorialized, no one can log into it any further. Memorialized pages are taken out of Facebook's powerful general search option, but their walls remain open for tribute postings by Facebook friends. In fact, only friends can see the profile/timeline.  (2)

 

Memorialization isn't the only choice available. An account can be taken down if "verified immediate family members" or executors request. To submit such a request, you log into Facebook, visit the Facebook Help Center, and visit Basics » Manage Your Account » Privacy. A link gives you an opportunity to notify Facebook of a deceased user, and this leads to a simple form. Besides the basics (full name of user, page URL and the dead user's email address), you must report your relationship to the user and state if you want the profile to be removed or not. It also asks for you to upload the death or birth certificate of the deceased, or another file document showing "proof of authority" to report the death under local law.  (3, 4)

 

An interesting development: in 2012, an Israeli company called Willook created a free Facebook app called If I Die. The app asks you to appoint three "trustees" for your Facebook profile. These trustees can use the app to confirm your death, whereupon your final status updates and videos will appear on your profile, either all at once or according to a schedule. There is no limit to the number of post-mortem status updates and videos you may create.  (5)

 

LinkedIn. The "world's largest professional network" might memorialize your profile if you pass away. In its privacy notice, LinkedIn states: "If we learn that a User is deceased, we may memorialize the User's account. In these cases we may restrict profile access, remove messaging functionality, and close an account if we receive a formal request from the User's next of kin or other proper legal request to do so." So the policy mimics Facebook's, though memorialization is not a given.  (6)     

  

Twitter.  When it comes to deactivating accounts of deceased users, Twitter takes a very thorough approach. You must actually mail or fax the requested documentation to its San Francisco headquarters. As its Help Center notes, Twitter requires you to provide:               

  • The account's username
  • A copy of the user's death certificate
  • A copy of your driver's license  (or government-issued ID card)
  • A signed, notarized statement presenting:
  • Your first and last name
  • Your current contact information
  • Your email address
  • Your relationship to the deceased Twitter account user
  • The action you want accomplished ("please deactivate the Twitter account for: name of deceased")
  • Either a link to an online obituary of the deceased or a copy of a newspaper obituary of the deceased (this is optional)   

It only accepts this documentation from "verified immediate family members" or executors (specifically, "a person authorized to act on behalf of the estate").  (7)

 

When a Twitter user dies, no heir, relative, friend or executor can log into the account - no one. Its policy states, "We are unable to provide login information for the account to anyone regardless of his or her relationship to the deceased."  (7)

 

Your digital assets can be managed after your passing. Websites like Legacy Locker and DataInherit exist to help people safeguard and convey online data to heirs. Sites such as Great Goodbye, Great Respectance and 1,000 memories serve as portals for last emails, last videos and posthumous online tributes. Considering all this, it seems that the online world may be more ready for our passing than we are. (8) 

 

Melissa Stein can be reached at 724-260-0491 or at melissa.stein@multifin.com 
 

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is not a solicitation or a recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

 

Citations. (Cut and paste into your browser.)

1 - www.nytimes.com/2006/04/27/technology/27myspace.html [4/27/06]

2 - www.facebook.com/help/?page=185698814812082 [3/8/12]

3 - www.facebook.com/help/?faq=265593773453448 [3/8/12]

4 - www.facebook.com/help/contact_us.php?id=228813257197480 [3/8/12]

5 - www.huffingtonpost.com/2012/01/18/new-facebook-app-if-i-die_n_1213284.html [1/18/12]

6 - www.linkedin.com/static?key=privacy_policy [6/16/11]

7 - support.twitter.com/groups/33-report-a-violation/topics/148-policy-information/articles/87894-how-to-contact-twitter-about-a-deceased-user# [6/16/11]

8 - www.itweb.co.za/index.php?option=com_content&view=article&id=45584:final-destination&catid=359 [7/22/11]       

Featured Article

do u txt?

byob - xoxoxo - wysiwyg - rsvp - asap - fyi - id10t - kiss - ez

 

Even if you do not text daily using your mobile phone, you probably recognize the shorthand initialisms (sets of initials) in the title above: byob = bring your own bottle/beer; xoxoxo = hugs and kisses;  wysiwyg = what you see is what you get; rsvp = the French phrase répondez s'il vous plaît, which means "Please respond";   asap = as soon as possible;   fyi = for your information; id10t = idiot and kiss = keep it simple stupid and ex = easy. Multiply those familiar eight by thousands and you have the Short Message Service language (SMS) that has grown with the rise of real-time text-based communications using cell phones, Facebook, Twitter, instant messaging (IM), email, chat rooms, online gaming and blogs.

 

Thr texting shorthand bits used are often called acronyms - but technically, an acronym is when you pronounce the letters as a new word. An example is the acronym for "radio-detection-and ranging" or RADAR which we pronounce "ray-dar." Online SMS language, or texting, is mostly initialisms or abbreviations with some acronyms.   Different chat abbreviations are used by different groups of people when communicating online. For example, people playing online games are likely to use chat abbreviations that are different than those used by someone running a financial blog or updating their Twitter status.  (1,3)

 

What are the rules for texting?  A better question is: Are there any rules for texting? While there seems to be no organized set of rules for how this new language has been and is continually created, one can make observations.

 

Punctuation is sparse, often missing, as are articles (the, a, an) and even vowels. (So just kidding becomes jk, wonderful becomes 1drfl - no vowels.) Single letters and/or single digits replace complete words or syllables. (See becomes c; ate becomes 8;  great becomes gr8,  late becomes L8;  wait becomes w8;   hate becomes h8;  date becomes d8;    later becomes L8r or L8a.)  Brevity and efficiency rule always. In the beginning there was a 160 character limit for messages, so the mandate for users was to shorten and shorten again. (2) 

  

Another characteristic of texting is that there can be multiple ways to write the same phrase or meaning. For example,  How many ways can you say "I love you" ?  Let me count the ways. (Thank you, Elizabeth Barrett Browning - Sonnets from the Portuguese, 1850) 

  

 Below are a few ways to say I love you in textese:  

  • 143  (represents the letters in each word - 1 for I, 4 for love and 3 for you.
  • 459  The letters "I" "L" "Y" correspond on the telephone keypad to "4" "5" "9."
  • ilu  = I love you
  • Ily  = I love you
  • 831  = 8 letters, 3 words, 1 meaning  = i love you 
  • aml  = all my love
  • lol  = lots of love (can also mean laugh out loud)
  • lyl  = love you lots

If you want to become semi-literate in texting language, you do not need to memorize hundreds or thousands of items from SMS language, just know the basics that are used a lot:

 

to/too = 2      for = 4      you = u      your/you're = ur      are = r

be = b           be right back = brb     talk to you later = ttyl

just to let you know = j2lyk       take care = tc

tonight = 2nyt       just chillin = jc       never mind = nvm

probably = prbly/prob     heart/love = <3      

 

i don't think so = idts      what's up = sup  or  wu 

see you later = c u L8r       goodnight = gudnyt    

stay in touch = sit          nothing much = nm 

thanks = thx or  tx or thks or tnx or txs   just kidding = jk

 

sounds like a plan  = slap      later = L8r    

rolling on floor laughing = rofl        what = wut?  

works for me = wfm       you're welcome = yw

best friends for ever = bff       I don't know = idk 

just wondering = jw       nothing much = nm  

in my humble opinion = imho    Bye for now = b4n  (1,3)   

 

Initialisms can indicate principles or religious beliefs, as in yours in Christ = yic  or  I always say a prayer for you = iasap4u  or  Oh, my God = OMG, though OMG can also be used casually and even irreverently. Cultural exchanges are happening also as this new language is being created.  88 =

bye-bye (8 in Mandarian Chinese is pronounced as "ba" and is phonetically synonymous with English "bye" - thus 88 is a farewell in Chinese texting language that reflects English. 

55555  = Laughing (In Thai language the number 5 is pronounced 'ha'.)  To learn hundreds and hundreds of initialisms, just type "SMS dictionaries" into your web browser  (1,2,3)

  

In 2011, texting language was officially accepted into the highest  language echelons.  "The OED (Oxford English Dictionary) added an entire lexicon of Internet slang to its much esteemed pages.  The benchmark of English language dictionaries updates its listings quarterly and [in March 2011] added a new crop of 900 words, including several Internet "initialisms"...and one symbol (for the first time ever!) "   The OED accepted LOL, BFF, IMHO and OMG plus the symbol <3 for "heart." (4)   

 

Peter Drucker has said, "The best way to predict the future is to create it."  Texting is the present - and a definite part of the future. Even if new developments such as Apple's IMessage and the growth of Apps change the shape of texting in the future, quick and short communications are a force in our culture. (5)   Join the over 82 million people who text daily and be a part of the creation of the future. Or maybe you just feel "yyssw" and "zzz" about it all!  (yeah, yeah, sure, sure, whatever and sleeping, bored tired.)  tlk2uL8r.    

     

Citations: 
      Text Messaging and Online Chat Abbreviations by Vangie Beal, 1/20/12  
4.  http://blogcritics.org/culture/article/omg-the-oxford-english-dictionary-
     adds2/#ixzz1sN8jDtiG

              

           

                 

 

  

 

 

 

 

 

 

 

 

 

*The views are those of Melissa Stein and should not be construed as investment advice.  All information is believed to be from reliable sources; however, we make no guarantee as to its completeness or accuracy.
**Please note that neither Multi-Financial Securities Corporation nor Stein Wealth Advisors, LLC. give legal or tax advice.  For complete details, please consult with your tax advisor or attorney.
***Securities and Investment Advisory Services offered through Multi-Financial Securities Corporation, member FINRA, SIPC.  Stein Wealth Advisors is not affiliated with Multi-Financial.