1st Quarter 2011 Update
April 11, 2011 | 
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We have closed out the first quarter of the year, and Glass Jacobson’s Investment Advisory team would like to share a few updates in our 1st Quarter 2011 Update.
Read more on:
- Changes affecting small business
- Important questions to ask aging parents
- Rising interest rates: the downside of economic recovery
Questions on any of these topics or the state of your investment portfolio?
jon.dinkins@glassjacobsonIA.com
A Wise Investment
January 26, 2011 | Subscribe to our RSS Feed
It is the day after Johnny or Sally’s sixth birthday and they are bored and moping around the house saying there is nothing to do. Sit them down, look them in the eye and tell them, “My child it is time to go to work in my dental office.” If they don’t look right back at you and say, “Mom (or Dad) you are crazy”, then something is wrong. But let’s look at why it is not a crazy idea at all and can benefit both parent and child.
You can have your child do some menial tasks around the office for a couple of hours a week. Maybe they can straighten the waiting area or help with filing. Pay them a salary just below the wage level that requires them to file a tax return and look what happens: You have gotten a tax deduction at your tax bracket and your child has gotten income that is taxed at 0%.
Better yet take their earnings and invest it in a Roth IRA. Five thousand dollars invested for ten consecutive years, from six years old to 15 years old with no additional investments made, with an 8% annual return would yield a whopping, drum roll please, $2,500,000 when your child turned 60 years old. You read that right, that $50,000 investment turned into, two million five hundred thousand dollars. That is quite a tidy sum. Ah, the power of compounding.
This is truly a win-win situation for everyone involved. What are you waiting for? The time has come to put your children to work in your dental office. As always, discuss this with your accountant to see if this is the right strategy for you.
Questions for Larry the Accountodontist?
larry.goldberg@glassjacobson.com
4th Quarter 2010 Investment Update
January 14, 2011 | Subscribe to our RSS Feed
Many of us find it hard to follow a sensible diet or a sensible investment strategy 100% of the time. If you must stray when managing your wealth or well-being, moderation is key. Chocolate cake is OK, as long as it’s not for dinner every night. Speculating on a stock or two is all right as well, as long as you don’t do it with your investment capital.
As we embark on a new year, our 4th Quarter 2010 Update includes ten investment-related resolutions that will hopefully result in better long term wealth.
Questions?
jon.dinkins@glassjacobsonIA.com
3rd Quarter 2010 Investment Update
October 14, 2010 | Subscribe to our RSS Feed
For those approaching retirement, the ultimate concern is outliving savings. It is important to shift the discussion at this point from asset accumulation to income distribution, and examine tools that can and will provide a reliable income stream.
Variable Annuities can be a valuable tool, but one size does not fit all. Read our 3rd Quarter 2010 Update, Retirement Income- Planning a Distribution Strategy, provides some features of VAs for consideration.
Questions?
jon.dinkins@glassjacobsonia.com
Long-Term Care: A Woman’s Issue
September 14, 2010 | Subscribe to our RSS Feed
Women are significantly more likely to need long-term care and yet few are prepared, according to a new consumer guide published by the American Association for Long-Term Care Insurance. Women have 10 times the chance as men of reaching age 85 and make up almost three-fourths of nursing home residents.
Long-term care is clearly a woman’s issue. Women provide the majority of care for their spouses or other aging family members, and because they live longer than men are far more likely to need long-term care themselves.
Planning for long-term care is especially important for women who are married, living with partners or residing alone. Long-term care insurance is one affordable planning option available but it is essential to consider this when you can still health qualify and benefit from available discounts. Some 8.25 million Americans already own this coverage, according to the long-term care industry statistics.
A free copy of this new consumer guide for women “A Woman’s Guide to Long-Term Care Insurance Protection” can be obtained from Glass Jacobson Investment Advisors by calling or emailing Christine Schmitz, LTCP at Christine.schmitz@glassjacobsonia.com