Wednesday, March 31, 2010

FA News: Medicare Tax Impact May Creep Like AMT
FA News: New UBS Layoffs Are Good Sign For Advisors

Tuesday, March 30, 2010

FA News: Advisors Plan Move Back To Stocks

Monday, March 29, 2010

FA News: Proposed SEC Public Advocate Debated
FA News: Dividend ETFs Beckon Income-Starved Investors
FA News: Morningstar Launches Major Upgrade of Advisor Workstation
FA News: The GRAT Rush Of 2010

Sunday, March 28, 2010

Did you know?
DISTRIBUTIONS - If you turned age 70 ½ during 2009, then you are not required to begin taking annual withdrawals from your pre-tax accounts by 4/01/10 (because of the “2009 RMD waiver”) but you must take your 2010 withdrawal by 12/31/10. See a qualified tax consultant for details (source: IRS).

Friday, March 26, 2010

At Sir vezas
At Tucson Old Pueblo Studios. TGIF
FA News: History Says Small-Cap Rally May Be Ending
FA News: Institutional Approach May Work For Your Wealthy Clients

Thursday, March 25, 2010

FA News: Giving More To Both Kids And Charities

Wednesday, March 24, 2010

FA News: Money Managers Less Bullish, Study Says
FA News: Advisors Quell Client Health-Care Fears

Tuesday, March 23, 2010

FA News: ETFs Buoyed By Health-Care Bill's Passage

Monday, March 22, 2010

FA News: Investors Cast Closer Eye On Their Money
FA News: Insurers Show Clout In Advisor Standards Fight

Sunday, March 21, 2010

Tucson Hispanic Hispanic Chamber of Commerce Scholarship applications are due Friday March 26th, 2010. Good luck to everyone applying this year.

Saturday, March 20, 2010

Beautiful day at the DMAFB Air show today

Friday, March 19, 2010

FA News: Investment Income Tax Would Help Pay For Health Care

Thursday, March 18, 2010

FA News: Active ETFs A Slow-Moving Stampede
FA News: FINRA’s CEO Expects Eventual Move To Fiduciary Standard
FA News: FINRA’s Enforcement Chief Resigns

Wednesday, March 17, 2010

FA News: Advisors Seek Simpler Annuities, Education

Tuesday, March 16, 2010

FA News: Move To Independence Puts Focus On Supervision

Monday, March 15, 2010

FA News: Fidelity Unveils New Client Service Program For Advisors
FA News: Independents Gain Steam Over Wirehouses
FA News: Fund Investors Shun Stocks Despite Rally

Friday, March 12, 2010

FA News: J.P. Morgan Plans Actively Managed ETFs

Thursday, March 11, 2010

FA News: Direxion Launches ETFs
FA News: Harry Markopolos, SEC Chairman?
FA News: 'Build America Bonds' A Big Win For Wall Street

Wednesday, March 10, 2010

FA News: Home Equity Fall Threatens Retirement Goals
FA News: New Regs Needed For Financial Planners, Coalition Says

Tuesday, March 9, 2010

FA News: Schwab Told To Pay $1.8M To Employee

Monday, March 8, 2010

FA News: Eaton Vance Plans Active ETFs
FA News: Complying As Your Brother's Keeper

Sunday, March 7, 2010

A Roth conversion is not an investment issue it is a tax planning issue

New Plan, Story please read

(Dow Jones) The 2008 market crash focused many investors' attention on the need for guaranteed retirement income. Take a client who came to Clifford Michaels, president of New York-based Institutional Investment Advisors Corp., in early 2009."She was a 64-year-old semi-retired divorcee with $500,000 in her retirement accounts—down from nearly $900,000 at the beginning of 2008—and she had an adult child and an aging mother," says Michaels. "Her portfolio had lost quite a bit due to mismanagement and its failure to reflect her risk tolerance. She was pretty panicked."In addition to her depleted retirement funds, the client had a pension of around $18,000 per year, along with $12,000 from some part-time work with a charity and $15,000 in Social Security payments. All told, her annual income was $45,000, in addition to the $13,000 she was earning in dividends. Still, she had serious, legitimate concerns that she'd outlive her savings.Michaels saw that the client's growth-heavy investments prior to the crash had yielded only 1.5%. "Someone had looked at her age and at the mortality tables and decided that she had almost a 30-year timeline, so why not put her into growth stocks," he says.Michaels set about changing his new client's asset allocation. He shifted some money from stocks to bonds and bond funds. He also made her equity portfolio more conservative by focusing it on stocks with healthy dividends.But Michaels didn't want to sell all the client's stock with the market down so much, so he waited for the market to rebound before implementing a second major shift to his client's investments, which he performed in the fourth quarter of 2009. Now that the portfolio had recouped some of its losses, he took an IRA worth $250,000 and used it to purchase an annuity. "For each year she didn't make any withdrawals, she was guaranteed a 10% increase in payments," says Michaels. "For most of my clients, their number one concern is to take their money today and transfer it to the future, so they receive an income they can't outlive."The changes Michaels made boosted his client's annual dividend income to $20,000, taking her overall income from $58,000 to $65,000. And she'll get a further boost when she's 71 and has to start taking required minimum distributions from the Internal Revenue Service; at that point the annuity in it is guaranteed to be worth $425,000, resulting in RMDs of $21,250."We were able to make up some of her capital loss with a guaranteed annuity. She now has less risk, more diversification, a tax write-off from some of her losses, guaranteed income for life and the ability to meet her RMDs each year," says Michaels. "But the biggest change is that she no longer feels like the glass is three-quarters empty."
FA News: New Rules Likely To Shake Up IRA Advice

Friday, March 5, 2010

FA News: IRA Investors Stick With Stocks

Thursday, March 4, 2010

FA News: When To Fess Up About Compliance Miscues
I read this quote at hotel congress, to start the day: a positive attitude makes all the difference in the world.

Wednesday, March 3, 2010

FA News: IRS Eyes Wall Street Deferred Comp
FA News: Building Value For An Eventual Sale
FA News: Study Sees Clients Saving More

Tuesday, March 2, 2010

FA News: Bentley Entrusts Part Of Endowment With Students
FA News: Proposed 401(k) Reforms Stir Debate
FA News: Taking The Emotion Out Of Philanthropy

Monday, March 1, 2010

FA News: New Law Could Mean Added Security Burden For Advisors
FA News: Advisors Confused By New Custody Rules
FA News: Bond ETFs Have Hidden Risks