As we encounter more signs of vitality — increased hustle and bustle in stores; fewer For Sale signs on your block; and, eventually, an upswing in employment rates — what’s the best way to react? Should we return to “business as usual,” or should we use the experience of the recession to guide our financial decisions going forward?

Here are some suggestions on how to manage your financial life in a post-recession world:

#1 – Be a smarter consumer

This wasn’t called the “Great Recession” for nothing. The unemployment rate reached its highest level in 25 years. Many homeowners found themselves facing foreclosure. Consumers were caught carrying too much debt. Even the country’s financial system required massive infusions of government money to avoid a major crisis.

As a consumer, your biggest lesson should be to remain vigilant about controlling your expenses, even as the economy brightens. If you found yourself falling deeper into debt during the recession, safeguard yourself from a similar fate this time around. Scrutinize your spending habits. Even if you have felt deprived of some of your favorite things (dinners out, regular stops at the gourmet coffee shop, travel plans), resist the temptation to revert to those same old spending habits unless you can really afford them.

A good rule to live by is to only spend money that you have. Try to avoid putting purchases on credit cards unless you are able and willing to pay off the bill on time each month when it arrives. This will help you avoid some of the same problems the next time the economy goes through a rough patch.

#2 – Prepare for emergency needs

One positive trend to emerge from the recession is that more Americans are putting money into savings. Make sure you have adequate emergency reserves to meet short-term income needs. The value of an emergency fund has become especially apparent after seeing a number of Americans lose their jobs during the economic downturn. You should try to build emergency savings equal to at least six months worth of expenses. Given the risk of extended periods of unemployment, it may even make sense to have the equivalent of nine months worth of living expenses set aside.

You may also consider making sure you are properly protected from potential financial loss. This is important regardless of economic conditions. Assess the status of your current auto, home, life and disability income insurance policies to make certain you will be adequately protected if an unforeseen event should disrupt your life.

#3 – Keep Up Retirement Plan Contributions

If you are still working (or have returned to the workforce), it is important to make regular contributions to a workplace retirement plan (if offered by your employer) and/or an IRA. Facing a financial crunch as the recession took hold, many individuals halted contributions to their retirement plans in order to increase their take-home pay. If you can afford to resume retirement plan contributions, you should do so. It provides you with notable tax advantages and will keep you on track to achieve your retirement goals.

#4 – Focus on Personal Growth

The recession serves as a necessary reminder that nothing is certain and, if we aren’t careful, our financial security can disappear in the blink of an eye. A number of people who never would have imagined losing their job found themselves among the millions of unemployed in the past two years. Even if you managed to keep your job and your income intact, consider the post-recession period an opportunity to be better prepared for any eventuality.

We all hope that an improved economy will relieve some of the anxiousness we feel about our financial lives. It is also a good occasion to achieve greater financial wellbeing for any challenges that lie ahead.

New rules for credit card companies feature consumer protections

As if home foreclosures, a rising unemployment rate and plummeting retirement savings aren’t enough to give us heartburn, the economic recession has pushed many Americans deeper into credit card debt.  Though most of the blame lies with individual consumers–after all, no one forced us into an overspending frenzy; we did it ourselves—certain dubious practices by credit card companies have exacerbated the problem and, as a result, prompted legislative action by Congress.

CARD Act takes aim at deceptive practices
On May 22, 2009, President Obama signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009. The legislation is intended to eliminate excessive fees, penalties and predatory lending practices.

Fairness in fees
In the past, creditors reserved the freedom to shorten payment cycles at their discretion, which could result in late payments and stiff late fees for consumers. The CARD Act requires a monthly payment cycle of at least 21 days. It also bans the practice of calculating interest charges on a previous month’s higher balance, requires companies to apply payments to higher interest balances first, and minimizes over-limit fees by requiring that consumers be notified before being allowed to go over their credit limit and trigger costly over-limit fees.

Crystal clear disclosures for the customer
The new rules are designed to help reduce confusion regarding credit card rates and fees. Credit card terms must be clearly visible and legible to the consumer and disclosed in language that is easy to read and understand. The new rules require creditors to provide crystal clear statements of account activity once a card is in use so consumers can easily see new charges and fees. Creditors are also required to show the financial consequences of paying less than the full balance due over a period of time. The goal is to educate consumers and encourage responsible use of credit.

Accountability rather than secrecy
Going forward, credit card companies must publish their contracts in a public place and in plain language. Companies that do not adhere to these new regulations can be fined. Credit card regulators will continuously monitor credit card practices and introduce additional safeguards as needed.

Advance notice and opt out options
Credit card companies no longer will have the option to raise rates on a whim. Rather, they will be required to provide a notice of change in terms a full 45 days in advance. As a card holder, you will have the option to opt out of a new, higher rate and can repay your debt at your current rate. However, by opting out, your card will be cancelled and you will no longer be able to use it. There are some exceptions to the opt-out rule worthy of note. Consumers cannot reject a higher rate if it results from a change in the prime rate (if a variable rate is attached to their card) or if they are more than 60 days late in making payments.

More regulations planned
More changes will be rolled out in the coming months aimed at keeping a lid on interest rates, preventing card companies from targeting young adults and even regulating interest assessed on gift cards. Credit card issuers will be hammered with new requirements to protect consumers and ensure fair business practices.

Limit your debt

The changes to credit card rules will ultimately make the use of credit a more expensive proposition. Credit cards are convenient tools for purchasing plane tickets, reserving hotel rooms and renting a car, so it’s difficult to eliminate them from our lives altogether. The key is to pay your bill in full each month or as soon as possible. As soon as you carry a balance, your debt will grow rapidly under the weight of hefty interest rates assessed by most card companies. If you’re struggling under the burden of credit card debt, talk to a credit counselor or trusted financial advisor about your options. The sooner you can repay what you owe, the better.

Todd McCamey is a Certified Financial Planner and Financial Advisor with the Knoxville, Tenn., office of Ameriprise Financial Services Inc.  He welcomes your comments on this topic and related financial planning subjects.
Mr. McCamey can be reached at (865)690-6169, or by e-mail at todd.a.mccamey@ampf.com.

This column is for informational purposes only, and is solely published for residents of Tennessee.  The information may not be suitable for every situation and should not be relied on without the advice of your tax, legal and/or financial advisors.  Mr. McCamey is licensed in the states of Tennessee and Georgia.
Neither Ameriprise Financial nor its financial advisors provide tax or legal advice.  Consult with qualified tax and legal advisors about your tax and legal situation.
Financial planning services and investments offered through Ameriprise Financial Services, Inc., Member FINRA & SIPC.

As automobile manufacturers work to recover what was lost in the Great Recession, many are offering up sweet deals to car buying customers. If you’re among those tempted to drive off the showroom with shiny new wheels, it’s important to do your homework first. Fortunately, there are plenty of resources available to help you in the process. Here are a few things to keep in mind as you begin car shopping:

Be financially prepared

First and foremost, figure out what you can afford. You can be certain that most dealers will try to assure you that anything you look at is affordable, but don’t take their word for it. Do an honest assessment of your own finances and determine what fits your budget and your needs. (Remember: a used car is always an option if your budget is tight).

Determine what’s right for you

If you’re a car aficionado, you probably know what you’re looking for and what your choices may be. If you aren’t, you should be sure to test drive a number of vehicles from different manufacturers and find what feels right for you (and matches your budget). If possible, check out consumer reviews of specific vehicles you’re interested in to help you compare.

Know what it’s really worth

Web sites such as Edmonds.com or a TrueCarTM price report allow you to find out what the dealer’s invoice price is. This puts you in a position to negotiate with the dealer before signing on the dotted line. If possible, get quotes from different dealers for the vehicle you want. There are online options you can pursue for this as well to avoid having to drive to distant dealerships.

Assess the value of your trade-in

If you’re trading in your current vehicle, it’s important to know what it’s really worth to the dealer. Check the Kelley Blue Book or NADA Guides on used car prices to find out the fair value of your trade-in. Then you can be in a position to negotiate with the dealer. Many experts recommend not telling the dealer that you’ll be including a trade-in until they’ve made their best offer on the car you hope to buy or lease.

Find your best financing options

Think carefully when determining whether buying or leasing is the best option for you. Most models today are capable of running well over 100,000 miles and have the potential to last for many years. If you’re borrowing money for the purchase, consider loan options beyond what the dealer offers to assess what’s the most economical for you.

This column is for informational purposes only, and is solely published for residents of Tennessee.  The information may not be suitable for every situation and should not be relied on without the advice of your tax, legal and/or financial advisors.  Mr. McCamey is licensed in the states of Tennessee and Georgia.

Neither Ameriprise Financial nor its financial advisors provide tax or legal advice.  Consult with qualified tax and legal advisors about your tax and legal situation.

Financial planning services and investments offered through Ameriprise Financial Services, Inc., Member FINRA & SIPC.

Todd McCamey is a Certified Financial Planner and Financial Advisor with the Knoxville, Tenn., office of Ameriprise Financial Services Inc.  He welcomes your comments on this topic and related financial planning subjects.
Mr. McCamey can be reached at (865)690-6169, or by e-mail at todd.a.mccamey@ampf.com.

Assess and assign value. Arriving at a realistic valuation for your business can be tricky. Setting your price too high will deter serious buyers. Setting your price too low may also undermine a sale. Find out what comparable businesses have sold for to help determine your price. Your figure should take into account inventory, receivables, equipment, property, market share and other business assets and be based on historical and projected revenues. SCORE, a volunteer organization dedicated to helping small business owners, recommends enlisting the help of a third party to obtain an independent valuation of your business.

Clean house and crunch the numbers. Just as you would tidy up your home before opening your doors to buyers, clean up your business before putting it on the market. Your office or plant should be spic and span, but orderliness goes deeper than that. Straighten your books and get the necessary paperwork together to demonstrate financial viability. A serious buyer will ask for profit-and-loss statements, balance sheets and tax returns going back several years. You’ll also need to provide a list of inventory, equipment, furniture and whatever else will be included in the sale.

Market your business. Approach the sale of your business as you would the sale of any product: with a marketing plan. Create a brief document that describes the business opportunity and its income-generating potential. Run ads in trade publications or online communities to get the word out that your business is for sale. To safeguard your proprietary information, ask interested parties to sign a confidentiality agreement before revealing details about your business.

Choose the best candidate. If it matters to you whether your business thrives under new ownership, then finding the right buyer is very important. Don’t overlook the possibility of handing your business off to a capable employee or even selling to a competitor who wants to expand. Look for someone you believe has the right motivation and skills to maintain and grow your business. It’s perfectly acceptable to ask for financials and other history from a prospective buyer before you open your books for review. This step will help you weed out individuals who are “just looking” or financially unable to purchase your business. Even as you enter final negotiations with a buyer, it’s important to continue to answer inquiries and keep the doors open for other bidders just in case the deal in process falls through.

Help finance the sale. Most small business deals are not 100 percent cash arrangements. To facilitate a sale, you may need to finance a portion of the transaction. Talk to your bank in advance to determine if your business qualifies for financing. You will have a smaller tax bill by receiving payments over time versus in one lump sum. However, going the installment route also introduces risk and makes it even more important to find a suitable buyer who will continue to operate your business successfully. If your successor fails, you may end up receiving less than you had counted on.

Consult professionals. There are a number of professionals whose services can help make the sale of your business easier and less risky. Ask your accountant to make sure your books are in order and to perform additional number crunching as needed to demonstrate the worth of your business. A business broker or mergers and acquisitions professional can help you locate a buyer and negotiate the sale. A financial advisor can help you examine the financial consequences of selling your business, both in terms of tax liability and income. Once you find a buyer, a lawyer can draw up your purchase agreement and escrow arrangement.

Give it some time. Realize that selling your business, even a small one, is a process that takes time. Plan on a minimum of six months to a year or more to prepare your business, locate a buyer and seal the deal. One risk of being in a hurry to sell is you put yourself in a weaker bargaining position and will not have the leverage to command top dollar. In addition, you may not be able to attract a quality candidate if you rush prospective buyers. Take your time and do things right.

It’s difficult to remember that the environment was completely different at the outset of this decade. As the 1990s came to a close and the world prepared to celebrate the start of a new millennium, economic optimism was peaking and the stock market was wrapping up two consecutive decades of superior performance.

What a difference a decade makes. From 2000 through 2008 (a nine year period), the stock market generated an average annual return of -3.60 percent (based on the Standard & Poor’s 500 stock index, an unmanaged index of stocks). Thanks to a recovery in 2009, the average annual return for the entire decade will be slightly better than that, but still most likely in negative territory.

This came on the heels of what was probably the greatest bull market in the history of stocks. The S&P 500 index returned 17.55 percent on an average annual basis from 1980 through 1989, and 18.20 percent for the 10 year period that ended in 1999. This far surpassed the historic annual return for stocks, in the 9 to 10 percent range.

Though it might’ve been painful to endure if you were actively invested in the market in recent years, there is another way to look at it: you have survived one of the worst decades of stock market performance ever recorded.

Looking back at the history of the market, the only other decade in which stocks performed so poorly was the 1930s, the era of the Great Depression. In all other decades leading up to the 2000s, the broad market (as measured by the S&P 500 or comparable yardsticks) generated positive returns.

Watch for the tide to turn

The stock market reached its low point in the current cycle in early March, 2009. Still, the major measures of stock market performance, including the Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite Index, are all still well below the peaks they reached in 2007.

Will the market malaise continue? Factors such as economic trends will have a lot to do with where stocks go from here. History, at least, may provide a glimmer of hope. The market, as measured by the broad S&P index, has never suffered two consecutive decades of poor performance. The negative markets of the 1930s were followed by the 1940s, which generated an average annual return of 9.17 percent (a period that included World War II).

The next weakest decade (until now) was the 1970s, an era of oil price shocks, the Watergate scandal and high inflation and interest rates. The S&P 500 returned just 5.9 percent on an annualized basis for that 10 year period. At the end of the 1970s, one business magazine suggested that equities might never again be considered an attractive investment.

Then came the booming 1980s and 1990s, a 20-year period where the market averaged a return of slightly less than 18 percent per year. The market’s past performance is not an indication of what you might be able to expect in the years to come, but there is some encouragement in the historical record. For stocks to match what has been the historical normal return, some catching up may need to occur in the years to come.

It is important to keep in mind that on a year-to-year basis, stock market performance remains fairly unpredictable. If you are able to maintain a long-term investment perspective, it is more likely that you can ride out the down periods in the stock market in order to benefit from the long-term potential equities can provide.

As you assess the performance of your own portfolio, you need to assess what mix of stocks (compared to other types of assets such as bonds, real estate and cash-equivalent investments) is most appropriate for you. This is an individual decision, based on your own investment time horizon and risk tolerance.

The shape of the recovery

The debate among economists, market strategists and media pundits over the strength of the economic recovery intensified as the third-quarter 2009 gross domestic product (GDP) report revealed that the U.S. economy grew for the first time since the second quarter of 2008.

We have those calling for a V-shaped recovery, in which the economy bounces back strongly, commensurate with the depth of its decline, a somewhat normal pattern. We have those predicting a W-shaped recovery, where the economy recovers in normal fashion only to relapse into a second recession as government stimulus expires before consumers and businesses are back on their feet. We even have the square root symbol () recovery. Under this scenario, we get a modest recovery period followed by a subpar expansion.

No matter what the shape of the recovery, you should consider positioning your portfolio to take advantage of opportunity while avoiding risks.

Dividend stocks

It might be a good time for many investors to consider the benefits of dividend-paying stocks. Larger companies typically pay dividends and historically their stock prices tend to be less volatile than those of smaller companies. Conservative growth in dividend-paying stocks and steady income from the dividends themselves can help insulate portfolios from declines in the market, while still positioning portfolios for potential market rallies. However, investors should be aware that there is some discussion by lawmakers in Washington, D.C. about changing the tax rates on dividends, which could have a significant impact on actual returns of dividend-paying stocks.

Don’t be afraid to take profits

If you have participated in the market rally, consider cashing in on some of your success. The markets rose more than 60 percent from their lows in March 2009, creating strong returns for investors who were able to put their money to work in the stock market during the rally. By taking a portion of your profits, you can build up your cash reserves so that you can take advantage of the next market correction, buying stocks and bonds when they are on sale. Just remember to keep enough savings on hand to cover unexpected, emergency scenarios you could encounter, such as losing a job or a sudden increase in household expenses.

For long-term investors, positioning a portfolio based on a specific shape of the economic recovery might not be practical. It’s typically better to have a balanced and diversified portfolio that can better weather the ups and downs of most market scenarios.

No matter what the shape of the economic recovery, you should conduct a careful review of your financial plan to make sure that your portfolio is in shape for whatever 2010 brings. Consider speaking to an advisor about which investments might be appropriate for you.

This column is for informational purposes only, and is solely published for residents of Tennessee.  The information may not be suitable for every situation and should not be relied on without the advice of your tax, legal and/or financial advisors.  Mr. McCamey is licensed in the states of Tennessee and Georgia.

Neither Ameriprise Financial nor its financial advisors provide tax or legal advice.  Consult with qualified tax and legal advisors about your tax and legal situation.

Financial planning services and investments offered through Ameriprise Financial Services, Inc., Member FINRA & SIPC.

Todd McCamey is a Certified Financial Planner and Financial Advisor with the Knoxville, Tenn., office of Ameriprise Financial Services Inc.  He welcomes your comments on this topic and related financial planning subjects.
Mr. McCamey can be reached at (865)690-6169, or by e-mail at todd.a.mccamey@ampf.com.

Don’t retire too early. It’s difficult to predict how long you will live, but longevity trends suggest the likelihood of longer life spans for current and future retirees. If you retire at age 62, you could live another 20 or 30 years. Not only do you need to think about how long your money will last, you should also consider the consequences for taking early withdrawals from your retirement nest egg. Also consider that if you choose to take Social Security early, you agree to receive a reduced amount each month for the privilege of potentially more years of the benefit. Your Social Security statement can help you determine the financial trade-offs of taking early benefits or postponing Social Security income for a few years.

Don’t rely on just one form of income. You probably realize that Social Security is unlikely to provide you with enough money to live on in retirement, and that you will need additional sources of income to live comfortably. Most retirees look to a number of sources to cobble together a retirement income. Even though you’re retired, you can still seek out growth investments, assuming you retain a good share of your savings in less risky ventures. Seek balance by diversifying or spreading your savings across a variety of investments with varying levels of risk. A financial advisor can help you select from available stocks and bonds to keep your money working for you and help generate investment income.

Beware of insurance gaps. Your insurance needs may change in retirement, but they won’t go away. You may need to replace employer-sponsored benefits such as life, health and dental insurance after you retire. Shop around for attractive price points and good quality plans. Even if your home is paid for, you should maintain an appropriate level of homeowners’ insurance in case of theft, fire or other incidences. Consider whether long-term care insurance for you and your spouse is something you want to help pay for things like long-term care in a nursing home.

Avoid tax mistakes with retirement distributions. Your sources of income in retirement may include Social Security, a company-sponsored pension plan, IRA, 401(k) or a profit sharing plan. How you access your savings in these various investment vehicles can have a profound affect on how long your money lasts. The IRS regulates how much you can take out of your retirement accounts each year and you can incur stiff tax penalties if you do not abide by the rules. Talk to your tax preparer and financial advisor about required minimum distributions from your retirement accounts and establish a schedule of withdrawals that satisfies requirements while preserving principal. At retirement, you are generally required to begin taking minimum distributions from qualified retirement plans by April 1 of the year after you turn 70½.

Don’t underestimate the impact of inflation. When you estimate how much you need in retirement, don’t forget to consider how inflation reduces the value of your savings over time. Your budget should factor in rising health care costs and other expenses that may grow disproportionately. In general, early retirees spend more on travel and hobbies while they are still active and healthy; these costs may go down as you get older.

Get professional advice. A knowledgeable financial advisor can help you analyze your retirement portfolio and recommend steps to help you make choices with your retirement assets. Talk to your advisor and tax professional to plan your distributions to help reduce your tax obligation. With careful planning, you can effectively manage your retirement assets — and relax and enjoy the golden years.

Holiday fun can be affordable

Traditionally, the holiday season is a time of indulgences.  Any combination of gifts, travel and entertaining can result in big end-of-year expenditures.  But this year — in light of declining investment portfolios, sinking house values and a shaky job market — many American consumers will be looking for ways to toast the season without breaking the bank.  If you, too, want to avoid over-spending, here are some tips to celebrate more frugally:

Set proper expectations
It helps to make sure everybody in your family is onboard with the cost-conscious approach.  If you are married, have a frank discussion with your spouse about spending limits.  If you have children, make sure they understand that your plans for the holidays will focus on fun that can be had without spending a lot of money. If your children are old enough, you may even use this as an opportunity to explain the fundamentals of household economics and involve them in setting holiday spending priorities for the family.

Plan ahead
Take time to write down a list of possible gifts you hope to purchase for family and friends.  Knowing what you want ahead of time may help you avoid making poor decisions and impulse purchases once you hit the stores.

Invest time to save money
The best deals can be found by shopping around.  Check out stores in your area and investigate what’s available online.  The emergence of online shopping has made it much easier to do your homework before you buy.  Web retailers will help you determine best prices for the products you are looking to purchase.

Track your spending
One of the best ways to keep spending under control is to set a limit.  Within your family, this can be on a per-person basis, or you can set a budget that dictates your maximum holiday spending.  Once this number is chosen, see if you can come in under budget.  Track all of your purchases and be certain to hold onto receipts.  You might also request gift receipts where available and tuck them inside cards or gift boxes.

Be smart about gift cards
Gift cards have become increasingly popular and more widely available.  Make sure you understand the terms of a gift card (such as expiration dates) before making a purchase.

Get a jump on the season
Given the forecast for below-average consumer spending, many retailers are cautious to avoid stockpiling large inventories this holiday season.  If you shop early, you will be more likely to find what you’re looking for at a reasonable price.  Conversely, last minute shopping could result in spending more than you planned, particularly if you are determined to buy specific items.

And finally…
These tips are about gift buying.  But rather than making gifts and packages the center of your holiday celebration, try putting more emphasis on spending quality time with family and friends.  Encourage games and conversation; you may be surprised to find how little you miss the excesses of years past. n

But for many, a good starting point is to understand the credentials of the professionals you are considering. As you look at their business cards, letterhead or office nameplates, you are likely to see professional designations being used.

Financial advisors

There are several different certifications you may commonly see attached to financial advisors. These typically provide an indication that the professional you are considering has invested time and energy to increase his or her knowledge to a specific area.

Here are some basic explanations of financial designations:

CFP® (Certified Financial Planner ™ professional); ChFC® (Chartered Financial Consultant)

To qualify for these designations, professionals must have at least three years of experience in financial planning and pass rigorous exams that typically require one-to-two years of study and ongoing education. The coursework provides these individuals with more in-depth knowledge about key financial planning topics that should better prepare them to develop beneficial solutions for their clients.

CLU® (Chartered Life Underwriter); CPCU® (Chartered Property Casualty Underwriter)

Both are professional designations for those who provide insurance products to individuals and companies. Again, they require a course of study and continuing education, often dealing with more complex topics related to the application of insurance coverage to meet individual financial planning needs.

RIA (Registered Investment Advisor)

These individuals must be registered with their states or the Securities and Exchange Commission (SEC) in order to provide investment advice and manage investments for others. They typically are held to a high standard of fiduciary responsibility by regulators.

Registered Representative

These are professionals licensed by the Financial Industry Regulatory Authority (FIRA), a self-regulating body of the securities industry. They have to complete a course and pass an exam to be licensed and abide by industry regulations.

Tax Preparers

You have many options when considering a professional to help you manage and prepare your tax returns, from a one-person shop on the street corner to large, international tax preparation companies. In most states, there is little regulation of tax preparers and no licensing requirements. Those who have more complex needs may want to consider a CPA.

CPA (Certified Public Accountant)

Individuals with this designation have passed an in-depth exam and, in some states, must have completed a work experience requirement. If you are choosing a CPA to help you with taxes, it may be beneficial to find one that specializes in working with individuals or businesses, depending on your need. An experienced CPA can provide advice to help you sort through key financial and investment decisions that may have tax consequences.

Designations don’t mean everything

Finding professionals who have achieved designations is one qualification of many to consider as you go through your own selection process. Keep in mind that the designation alone does not necessarily assure the level of quality you will find in the professional.

Todd McCamey is a Certified Financial Planner and Financial Advisor with the Knoxville, Tenn., office of Ameriprise Financial Services Inc.  He welcomes your comments on this topic and related financial planning subjects.
Mr. McCamey can be reached at (865)690-6169, or by e-mail at todd.a.mccamey@ampf.com.

This column is for informational purposes only, and is solely published for residents of Tennessee.  The information may not be suitable for every situation and should not be relied on without the advice of your tax, legal and/or financial advisors.  Mr. McCamey is licensed in the states of Tennessee and Georgia.
Neither Ameriprise Financial nor its financial advisors provide tax or legal advice.  Consult with qualified tax and legal advisors about your tax and legal situation.
Financial planning services and investments offered through Ameriprise Financial Services, Inc., Member FINRA & SIPC.