Category: Financial Planning

Irene West

Irene West San Diego Wealth Building Advocate | Why Buying Gold Now Is Not a Peak Purchase But Has Room for Profit

Irene West San Diego Wealth Building Advocate says “Gold has been fluttering around the $1,100 and $1,200 for a couple of years now without much movement.”

It has repeatedly shown signs of weakening as an investment with notable dips in the last three years. For example, at the beginning of August gold’s spot price broke below $1,100, the lowest price point in a year. No surprise, lots of folks think that gold is at the end of a commodity run, and as soon as the Fed Reserve raises the prime rates gold will begin to drop significantly. Of course, this logic entirely ignores one basic fact: the general stock market is long overdue for a correction, which will drive demand for safe harbors like gold.

A number of reasons are in play why gold will likely be a good position to have in the next few months. If the Fed Reserve does indeed raise rates, it will be the final hit on a shaky bull run, because the cost of money will go up. The market has been enjoying available cash at little or no interest, so any cost increase bites right into a positive direction and creates a braking effect. Additionally, the loss in oil prices as well as in other “reliable” commodities means that many folks will trying to preserve their values versus losing the in companies impacted directly by oil price changes. The chase for value preservation will move more folks to good, creating more demand and driving price up further. More to consider, governments are just now recovering from the effects of the 2009 Recession, delayed for them in the loss of tax dollars. They will not be interested in giving up returning tax revenues just to make it easier for business to operate. That too will contribute to more costs for businesses, slowing their growth and share price growth.

Finally, and this is the big one, we are going into a Presidential election without a clear forerunner and no incumbent. That means the big power position is up for grabs and anyone could get it. Politically instability is just the thing to cause a national market to tank; we saw this happen vividly when the Bush-Gore campaign occurred and then was prolonged by the vote count scandal in Florida. Again, people will run to gold or security, having been burned repeatedly by the market during times of ambiguity. Instead, gold is solid, predictable, physical and is not connected to the dollar or politics. It’s the ideal value preserver during potentially risky times ahead.

See more about and by Irene by visiting Small Business Trendsetters Magazine

http://smallbusinesstrendsetters.com/irene-west-san-diego-wealth-building-advocate-the-importance-of-gold-in-your-financial-future/

On CNN  http://ireport.cnn.com/docs/DOC-1270591

Or by visiting her web site http://www.irenewestwealthbuilding.com/

Or by phone 877-879-4542

250X250 SBT Brian Livesay San Diego

Brian Livesay San Diego Retirement Guardian |Tax Advantaged Health Savings Accounts

See My Who IsBrian Livesay San Diego Retirement Guardian says “Health Savings Accounts are a unique investment vehicle that if used correctly can add tax free funds to an individual’s finances.”

A Health Savings Account or HSA is a tax advantaged medical savings account. To be eligible for an HSA an individual or family must be enrolled in a High Deductible Health Plan (HDHP). A HDHP has a higher deductible than a traditional health plan and can be considered a catastrophic health plan. These plans are best for younger and healthy individuals with little annual medical requirements. The annual premiums are lower than a traditional health plan which allows an individual to fund the Health Savings Account.

Contributions to an HSA account can only be made while covered under a High Deductible Health Plan.

Once an individual is no longer covered the HAS account remains open and the funds in the account continue to grow tax free until the time of withdrawal. A HSA is very similar to an Individual Retirement Account (IRA) since the accounts are funded with pretax money and grow potentially tax free if the money is used on qualified medical expenses. If the money withdrawn from the account is not used for qualified medical expenses there is a 20% penalty on the withdrawal if taken before age 59 ½. Non-qualified medical expense withdrawals taken after 59 ½ like a Traditional IRA are taxed as ordinary income in the year of the withdrawal.

A unique feature of an HSA account is the ability to make withdrawals and use medical expenses from previous years while covered under the HDHP as qualifying medical expenses to avoid the 20% penalty for non-qualified medical expense withdrawals. As long as the individual has the receipts from the qualifying medical expense the expenses can be used in any year to make an allowable withdrawal from the HSA account. This allows an individual to pay for smaller medical cost in one year and let their money grow tax free inside the HSA then withdrawal money later after it has grown in value tax free using the past paid medical expenses as qualifying medical expenses at the time of withdrawal.

The IRS also allows a onetime transfer from an IRA account to fund a HSA account up to the annual maximum contribution limit for the year. Employers can also contribute to an individual’s HSA account and the money becomes immediately the account owners with no vesting.

A healthy individual with minimum medical needs can potentially grow substantial funds inside the HSA account and later use the funds like a Traditional IRA or as tax free funds using qualified medical expenses at the time of withdrawal.

For more information visit Brian Livesay’s Who Is Page here in the Journal

Or see the article in Small Business Trendsetters

Or the article in CNN iReport ” Statement of Cash Flows: Cash is King”

Brian Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

250X250 SBT Brian Livesay San Diego

Brian Livesay San Diego Retirement Guardian | Actual vs. Average Returns Impact On Your Investments

Brian Livesay San Diego Retirement Guardian said “An investor should monitor investments periodically to see what their actual returns are vs. the average return the investment products prospectus had illustrated.”

Actual returns are the real returns an investor receives from an investment. The investor’s account value actually increases or decreases by an amount giving the investor the actual return in the investment. An investment of $20,000 with an actual return of 25% over a two year period would have a gain of $5,000 with an account value of $25,000 at the end of the second year.

An average return is based on multiple returns averaged together. Average returns can make an investment seem much better than it actually is compared to the actual returns in the investment. An average return of 25% can be a loss of 50% and a return of 100%. In this example the investor invests $20,000 dollars losses 50% the first year leaving the investor with $10,000. In the second year the investment returns 100% giving the investor a $10,000 gain for the year. At the end of the second year the investors account value is back to the original investment of $20,000. The actual return over the two year period is zero but the average return is 25%. Using the average return the investor would think the investment’s account value would be greater than the original investment at the end of the second year. In reality the investor has exactly the same account value as when the investment began.

Most investments are sold based on the average return of the investment over a period of time. An investor should take the average return of an investment with a grain of salt. The actual rate of return will be significantly different than the average rate of return as the above examples illustrate.

For more information visit Brian Livesay’s Who Is Page here in the Journal

Or see the article in Small Business Trendsetters

Or the article in CNN iReport  “Wills, Trusts, and Probate | Differences You Need To Know”

Brian Livesay The Retirement Guardian
You may contact him at his office
Livesay Capital Solutions Inc.
1761 Hotel Circle S. Ste 360
San Diego, CA 92108
Call at 866-726-0725 / 619-281-8377
Or visit his Web Site www.retireestaxgroup.com

Scott Steger

Scott Steger San Diego Financial Representative On How To Find The Right Financial Representative

Scott Steger San Diego Financial Representative says “A financial professional is someone who can help you achieve your financial goals. Whether you want to save for retirement, buy your dream house or establish a sustainable business, this individual can create an attainable financial plan tailor made for your goals and economic status.”

Finding the best financial professional is tricky because the success of your investment will depend on his expertise.  If you failed to seek out the right person, the time and money you invested will be a total waste. This is the reason why you have to search and examine all potential candidates carefully before making a decision to hire your financial professional.

Start by asking referrals from the people with whom you share the same financial needs or outlook in life. It is also helpful to find and contact financial planners online or directly from the official websites of the National Association of Personal Financial Advisors as well as the Financial Planning Association.

Always make it sure  that your financial representative is either a Registered Investment Advisor (RIA), a Certified Financial Planner (CFP), a Chartered Financial Consultant (ChFC) or a Certified Public Accountant (CPA). Having this credential does not mean that the individual is an expert but it can give you an assurance that he knows what to do with your money.

Furthermore, never forget to do a background check on your financial planner as well as his payment scheme. If he earns through commissions, you need to take this into account and make sure that your investments will be paid off sooner or later. Most importantly, hire someone who acts in accordance to your financial interests. You will be working with your financial professional for a long time so you should be comfortable in sharing ideas to him, particularly when it comes to your personal goals and future plans.

See more about Scott Steger San Diego Financial Representative
on Small Business Trendseters http://smallbusinesstrendsetters.com/scott-steger-san-diego-financial-representative-and-the-financial-paradigm-shift/
or
CNN iReport   http://ireport.cnn.com/docs/DOC-1154752

Or by calling 323-793-3574

250X250 SBT Brian Livesay San Diego

Brian Livesay San Diego Financial and Tax Planner | Reduce Risk and Build a Life Plan

See My Who IsBrian Livesay San Diego Financial and Tax Planner says “I like to think of a holistic approach, combining many important areas of finance into one life-plan. Not just financial planning, but a system more aptly described as Life-Planning.”

When you combine three components, tax planning, retirement planning and risk-reduction you get what can best be called a “Tax-Free Retirement Income System” and that is Life Planning.

The most important component of your life plan is risk reduction.

Start your plan with risk-reduction because no matter how great your track-record of building wealth is, your approach must provide more safety and security than traditional financial planning.

For the most part, the way risk management is addressed in financial planning is something like: “You’ve got this nice little pie chart here; you’ve got so much in these different types of investments, x amount here in small-company stocks, in mid-company stocks, growth and value… and there’s a little bit of bonds in there too, so that should significantly reduce the risk for you.”

Unfortunately that is not always the case, and as a matter of fact there are far too many people who are positioned in high-risk portfolios right now. Because we’ve had a five year market run-up, too many people underestimate their level of risk, focusing on the opportunity cost of exiting the market, rather than the peril of having most or even all of their assets in fluctuating investments, with no downside protection. You must implement real, tried-and true methods to reduce your risk and plan a lifetime of income you can never out-live.

Another important part of Risk-Reduction is protection from financial catastrophe that often devastates individuals and their families due to critical, chronic, or terminal illness. Right now, 3 in 5 bankruptcies in the United States are filed due to medical reasons. Simply put, if you can’t work, you can’t pay; if you are responsible for your family, an elderly parent or grandparent, it’s even more devastating.

When it comes to Life-Planning, this problem is not just a pothole or another bump in the road. It’s a sink-hole and one that most people will never climb out of. Your life-plans must equip you to handle future medical costs while building wealth at the same time. That adds up to greater peace of mind and enjoyment of life in the present.

For more about and by Brian Livesay go to Small Business Trendsetters http://smallbusinesstrendsetters.com/brian-livesay-san-diego-financial-and-tax-planner-death-and-taxes-not-inevitable/

or CNN iReport http://ireport.cnn.com/docs/DOC-1146662

You may also contact Brian Livesay in his office at 1761 Hotel Circle S., Ste 360, San Diego, CA 92108
Or by Telephone 866-726-0725