Jerris Wealth ManagementGroup, Inc.Susan L. JerrisLPL Registered Securities PrincipalCA Insurance License #06627065 Corporate Park, Ste. #270Irvine, CA 92606Phone 949-861-4747Fax 949-861-4748Susan.Jerris@LPL.comwww.JerrisWealthManagementGroup.com

June 2017

Infographic: 4 Things to Do in the 4 Years BeforeCollege

Expect the Unexpected: What to Do If You BecomeDisabled

I'm thinking about buying a new home. Should Iconsider the risk of climate changes?

Cartoon: Father and Daughter Bonding Experience

Susan's Monthly NewsletterHelping to bridge the gap toward financial success

The Cost of a Wedding

See disclaimer on final page

Congratulations, you'regetting married! Whileyou're looking forward to thebig day, chances are you'reoverwhelmed with all theplanning you have todo...and how you canpossibly afford the wedding

of your dreams. After all, your wedding willprobably be the priciest party you will have inyour lifetime. According to a study conductedby The Knot, the national average price of awedding in 2016 was $35,329, an increase of$2,688 from 2015.1

By following some basic budgeting, saving, andplanning guidelines, you can estimate whatyour wedding will cost.

Figure out who's paying for theweddingOne of the first things you should do is have adiscussion with your future spouse about howyou will foot the bill for the wedding. Be honestabout your expectations and agree on anamount you both feel comfortable spending.

If your families have expressed a desire to helpcover the cost, talk to them next. Ask themexactly how (and what) they would like tocontribute. One family might decide to give aset dollar amount, whereas another maycommit to paying for a particular expense, suchas the ceremony or the reception. Regardlessof how your families may help, you shouldleave the conversation with a better idea of howmuch you and your partner will need tocontribute toward wedding expenses.

Establish your budgetWhen you consider the venue, wedding dress,invitations, catering, cake, DJ or band,photographer, flowers, and more, it's no wonderthat weddings are so expensive. This is why it'simportant to break down your budget at theoutset of your planning to help make sure youdon't break the bank.

The first step in establishing your budget shouldbe to write down a list of priorities. For example,if you and your future spouse want to provideyour wedding guests with a spectacular culinary

experience, you will need to allot more moneyfor food. Or perhaps you both want to have amore modest celebration and put most of yourmoney toward a grand honeymoon. Yourpersonal taste and how much you're willing tospend overall will help you figure out how muchyou need to save and what you want to splurgeon. Search online for useful tools andcalculators to help stay on track with yourbudget.

Start savingThe sooner you start setting money asidespecifically for your wedding, the better off you'llbe. Set a goal and reserve a percentage of yourmonthly income to help you reach it. In addition,put an extra 10% aside in the event that costsare higher than expected.

In addition to stashing cash, stay in line withyour budget by looking for hidden costs andbeing frugal. Expenses that may seem minorbut add up over time include stamps forinvitations and RSVP cards, favors,tips/gratuities, and marriage license fees,among others. If you find yourself spending toomuch in one area, make cuts in another. Trimdown the guest list, choose flowers that are inseason or grown locally, scale down yourcenterpieces, or opt for a lower- or no-costvenue, such as a park or family member'sbackyard. Use creativity and sensibility to seehow much you can save.

Consider wedding insuranceRemember that bit about emergency funds?Depending on when and where your weddingwill take place, that cash may come in handy.But even with careful planning, it's still possiblethat unforeseen circumstances couldcomplicate your plans. Fortunately, weddinginsurance coverage may be available.Coverage options and limitations vary, so you'llneed to read the fine print carefully before youpurchase a policy. Contact an insurance agentand each of your vendors to learn more aboutyour options. You may find it's worth the peaceof mind for your walk down the aisle.1 The Knot 2016 Real Weddings Study, February 2,2017, theknot.com

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Infographic: 4 Things to Do in the 4 Years Before CollegeCollege is a huge financial undertaking. With costs increasing every year and the prospect of toomuch student debt at the forefront of many families' minds, it's more important than ever to be aneducated college consumer. Go into the planning process wisely with these four steps.

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Expect the Unexpected: What to Do If You Become DisabledIn a recent survey, 46% of retirees said theyretired earlier than planned, and not necessarilybecause they chose to do so. In fact, many saidthey had to leave the workforce early becauseof health issues or a disability.¹

Although you may be healthy and financiallystable now, an unexpected diagnosis or injurycould significantly derail your life plans. Wouldyou know what to do, financially speaking, ifyou suddenly became disabled? Now may be agood time to familiarize yourself with thefollowing information, before an emergencyarises.

Understand any employer-sponsoredbenefits you may haveDisability insurance pays a benefit that replacesa percentage of your pay for a designatedperiod of time. Through your employer, youmay have access to both short- and long-termdisability insurance. If your employer offersdisability insurance, be sure to fully understandhow the plan works. Review your plan'sSummary Plan Description carefully todetermine how to apply for benefits should youneed them, and what you will need to providefor proof of disability.

Short-term disability protection typically coversa period of up to six months, while long-termdisability coverage generally lasts for the lengthof the disability or until retirement. Your planmay offer basic coverage paid by youremployer and a possible "buy-up" option thatallows you to purchase additional coverage.

According to the Bureau of Labor Statistics,40% of private industry workers have access toshort-term disability insurance through theiremployers, while 33% have access to long-termcoverage. For both types of plans, the medianreplacement amount is about 60% of pay, withmost subject to maximum limits.²

Consider a supplemental safety netIf you do not have access to disability insurancethrough your employer, it might be wise toinvestigate other options. It may be possible topurchase both short- and long-term groupdisability policies through membership in aprofessional organization or association.Individual policies are also available fromprivate insurers.

You can purchase policies that cover you forlife, until age 65, or for shorter periods such astwo or five years. An individual policy willremain in force as long as you pay thepremiums. Because many disabilities do notresult in a complete inability to work, somepolicies offer a rider that will pay you partialbenefits if you are able to work part-time.

Most insurance policies have a waiting period(known as the "elimination period") before youcan begin receiving benefits. For privateinsurance policies, this period can be anywherefrom 30 to 365 days. Group policies(particularly through your employer) typicallyhave shorter waiting periods than privatepolicies. Disability insurance premiums paidwith after-tax dollars will generally result intax-free disability benefits. On the other hand, ifyour premiums are paid with pre-tax dollars,typically through your employer, your benefitpayments may be taxable.

Review the Social Security disabilityprocessThe Social Security Administration (SSA) paysdisability benefits through two programs: theSocial Security Disability Insurance (SSDI)program and the Supplemental Security Income(SSI) program. SSDI pays benefits to peoplewho cannot work due to a disability that isexpected to last at least one year or result indeath, and it's only intended to help suchindividuals make ends meet. Consider that theaverage monthly benefit in January 2017 wasjust $1,171.

In order to receive SSDI, you must meet strictcriteria for your disability. You must also meetrequirements for how recently and how longyou have worked. Meeting the medical criteriais difficult; in fact, according to the NationalOrganization of Social Security Claimants'Representatives (NOSSCR), about two-thirdsof initial SSDI applications are denied on theirfirst submission. Denials can be appealedwithin 60 days of receipt of the notice.³

The application process can take up to fivemonths, so it is advisable to apply for SSDI assoon as you become disabled. If yourapplication is approved, benefits begin in themonth following the six-month anniversary ofyour date of disability (as recorded by the SSAin your approval letter). Eligible family membersmay also be able to collect additional paymentsof up to 50% of your benefit amount.

SSI is a separate program, based on incomeneeds of the aged, blind, or disabled. You canapply to both SSI and SSDI at the same time.

For more information, visit the Social SecurityDisability Benefits website at ssa.gov, whereyou will also find a link to information on the SSIprogram.

¹ 2016 Retirement Confidence Survey, EmployeeBenefit Research Institute

² Bureau of Labor Statistics,National Compensation Survey, 2016

³ NOSSCR web site, accessed March 2017

About 20% of Americanslive with a disability, andone in four of today's20-year-olds will becomedisabled before retiring.

Source: SSA, DisabilityFacts, 2017

The average age of SSDIrecipients in 2015 was 54.

Source: Fast Facts andFigures About SocialSecurity, 2016

Page 3 of 4, see disclaimer on final page

Jerris Wealth ManagementGroup, Inc.Susan L. JerrisLPL Registered Securities PrincipalCA Insurance License #06627065 Corporate Park, Ste. #270Irvine, CA 92606Phone 949-861-4747Fax 949-861-4748Susan.Jerris@LPL.comwww.JerrisWealthManagementGroup.com

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2017

The opinions voiced in this materialare for general information only andare not intended to provide specificadvice or recommendations for anyindividual. To determine whichinvestment(s) may be appropriate foryou, consult your financial advisorprior to investing. All performancereferenced is historical and is noguarantee of future results. Allindices are unmanaged and cannotbe invested into directly.

The information provided is notintended to be a substitute forspecific individualized tax planning orlegal advice. We suggest that youconsult with a qualified tax or legaladvisor.

LPL Financial Representatives offeraccess to Trust Services through ThePrivate Trust Company N.A., anaffiliate of LPL Financial.

Securities and advisory servicesoffered through LPL Financial, aRegistered Investment Advisor,Member FINRA/SIPC.

Cartoon: Father and Daughter Bonding Experience

I'm thinking about buying a new home. Should Iconsider the risk of climate changes?If you're thinking about buyinga home, you probably have achecklist of qualities you'relooking for as you shop

around. But have you considered howenvironmental factors could affect your choice?In the event your dream home is in an area thatcould be affected by flooding or a storm surge,you'll have some additional factors to thinkabout before you make your purchase.

Do your research. Seek information on thelocations vulnerable to climate changes. Someof these regions are located in coastal areas.Climate changes have been linked to moresevere weather events and rising sea levels,which increases the risk of frequent and majorflooding. Even though there's uncertainty as tohow much sea levels could rise in the future, it'sstill important that you know the risks. You canfind more information on this subject on NASA'sglobal climate change website atclimate.nasa.gov or by reviewing FEMA's"Information for Policyholders" page atfema.gov.

Know your insurance options. Generally,homeowners insurance does not cover floods.

This means you'll want to look into coverageoptions (and the cost) if you're relocating to anarea susceptible to flooding. Many insurancecompanies participate in the National FloodInsurance Program (NFIP), which makes floodinsurance available through a partnership withFEMA. Contact your homeowners insuranceprovider to learn more.

Tour the home with weather-related andenvironmental risks in mind. When youcheck out your potential home's features, thinkabout safety. Will the home be able towithstand severe weather? Specifically, is thehome equipped with hurricane shutters? Do thewindows have special impact-resistant glass?What about a storm cellar? Is the roof in goodcondition? Are there many trees on theproperty?

Take time now to estimate the potentialfinancial impact of owning a home in an areaaffected by the risk of climate changes, and itmay help you avoid unexpected expenses andstress later.

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