Archive - January 2010

1
Dollar Cost Averaging: Facts and Myths
2
What Should You Do When You Want to Change Jobs?
3
What Should You Do With Your Investments When the Market Crashes?
4
Should You Convert To A Roth IRA?
5
Are 529’s The Best Way To Save For College?

Dollar Cost Averaging: Facts and Myths

Jan 30 2010
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Michael Chamberlain, CFP®

Hello. My name is Michael Chamberlain CFP®, the principal of Chamberlain Financial Planning and Wealth Management. Our firm is “fee-only” with offices in Sacramento, Campbell and Santa Cruz California. “Serving clients from the mountains to the sea.”

Our mission is to help clients realize their full potential today while planning for an abundant tomorrow through comprehensive financial planning and collaborative decision-making.

As an experienced investment and planning professional, I have had the privilege of being interviewed by and contributing to hundreds of articles in such publications as Money Magazine, Financial Planning Magazine, ABC.com, Forbes.com, Nerdwallet, NASDAQ.com, Yahoo Finance and more.

I hope that you spend some time at the FiGuide site and learn more about the financial matters important to you. To learn more about our firm, visit our website www.chamberlainfp.com or give us a call at 800-347-1340.

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Most everyone has heard the term “dollar cost averaging” (DCA) as a way to invest money into the market. Unfortunately, there is much misunderstanding about the topic including the validity of the process.Back To The Basics For 2010

Let’s look at an example of DCA. Lets say you just inherited $20,000 and you decided to invest it in the stock market. Once you have determined a proper asset allocation (mix of investments appropriate for your risk tolerance, risk capacity and goals) you could invest it all at once or do “dollar cost averaging” into the securities by purchasing a set dollar amount of securities at …

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What Should You Do When You Want to Change Jobs?

Jan 29 2010
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Sherrill St. Germain, CFP® All posts from Sherrill St. Germain, CFP®
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Q: I’m thrilled with the progress I’ve made toward my financial goals over the last few years.  I paid off my “bad” debt, and built an emergency fund.  I max out my 401k and my Roth, and rebalance my portfolio every year.  I have the insurance I need.  Heck, it looks like I might even be on track to retire early.  I’m like the poster child for New Means.  So what’s the problem?

I’m starting to really hate my job, my company, and… well, to be perfectly honest… the whole industry.  Lately, the stress has been overwhelming, and I’m starting …

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What Should You Do With Your Investments When the Market Crashes?

Jan 29 2010
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Sherrill St. Germain, CFP® All posts from Sherrill St. Germain, CFP®
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Q: Every article I read says to stay the course and leave my money where it is through this crisis, but our retirement accounts have gone down a lot, and everyone I talk to is pulling their money out of the stock market. Quite frankly Sherrill, we’re a bit nervous. While I know we’re not supposed to panic – we are! So…my question is…should we be pulling our money out of stocks for some time? Please let me know. I know the stock market has always rebounded, but we seem to be in uncharted waters here.

A: It sure …

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Should You Convert To A Roth IRA?

Jan 29 2010
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Jane M. Young, CFP®, EA, MBA, CDFA

Jane M. Young is a Certified Financial Planner and co-owner of Pinnacle Financial Concepts, Inc. and Divorce Solutions, Inc. She has been a financial planner since 1996. She is also enrolled to practice before the Internal Revenue Service. Prior to becoming a financial planner Jane held several management positions at Digital Equipment Corporation and Quantum Corporation, where she worked for 14 years. Jane holds a Bachelor of Science degree in Business Administration from the University of Colorado and an MBA from the University of Colorado. She has also completed the two year Certified Financial Planner Professional Education Program with the College for Financial Planning.

Jane is very active in the community. She is the immediate past president of the Rotary Club of Colorado Springs and a past president of Leadership Pikes Peak. She is a graduate of the Leadership Pikes Peak class of 2004. She is a past president of the Financial Planning Association of Southern Colorado and a past president of the Pikes Peak Chapter of the National Association of Women Business Owners. Jane is also a member of the University of Colorado at Colorado Springs, College of Business, Alumni Leadership Team. Jane is a graduate of the Leadership Program of the Rockies class of 2009 and a graduate the Colorado Springs Leadership Institute class of 2011. She is also a member of the Estate Planning Council and Artemis. Jane was selected as a 2010 Woman of Influence by the Colorado Spring Business Journal.

As a fee-only financial planner Jane is a member of the National Association of Personal Financial Advisors, the Financial Planning Association, the National Association of Tax Professionals and the Alliance of Cambridge Advisors. She has been quoted in several local and national publications including The Wall Street Journal, US News and World Report, Consumer Reports, Investment News, MSN Money, Kiplinger Magazine, Financial Advisor Magazine, Bankrate.com and the Colorado Springs Business Journal. She also works as a volunteer instructor to new advisors with the Alliance of Cambridge Advisors and has worked as an adjunct instructor at the University of Colorado at Colorado Springs.

Jane is from St. Louis, but grew up in Colorado Springs. She enjoys skiing, golfing, traveling, hiking, painting and learning to speak French.

All posts from Jane M. Young, CFP®, EA, MBA, CDFA
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With a Roth IRA you pay income tax now and not upon distribution.  With a traditional IRA you defer taxes today and pay income taxes upon deferral.  When you convert a Traditional IRA to a Roth IRA you must pay regular income taxes on the amount that is converted.  The advisability of converting to a Roth depends on the length of time you have until you take distributions, your tax rate today and your anticipated tax rate upon retirement and your projected return on your investments.

When you run your numbers through one of the numerous calculators available on the …

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Are 529’s The Best Way To Save For College?

Jan 29 2010
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Lon Jefferies, CFP®, MBA

Lon Jefferies is an investment advisor representative with Net Worth Advisory Group, a fee-only financial planning firm in Salt Lake City, Utah. He is a Certified Financial Planner (CFP®) and a member of the National Association of Personal Financial Advisors (NAPFA). He possesses an MBA and bachelor's degrees in Finance and Marketing from the University of Utah. Lon writes articles for local magazines such as Utah CEO, Business Connect and Utah Business Magazine, and he consistently contributes articles to online magazines such as FIGuide.com and FILife.com (by The Wall Street Journal). Additionally, Lon is an expert author at EzineArticles.com. Lon has been quoted nationally in publications such as the NY Times and Investment News.

Lon can be contacted at (801) 566-0740 or lon@networthadvice.com. Learn more about Net Worth Advisory Group at http://networthadvice.com and visit Lon's blog at http://www.utahfinancialadvisor.blogspot.com.

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529 plans are great college savings tools because, although contributions are not deductible on a federal tax return, earnings withdrawn to pay for qualified higher education expenses such as tuition, books, and room and board are tax-free. The definition of “qualified higher education expenses” was expanded to include computers for 2009 and 2010.

Although contributions to a Utah 529 plan are not deductible on a federal income tax return, the State of Utah will allow the contributor to claim a 5 percent tax credit on up to $3,480 per beneficiary if the contributor is married filing jointly. A tax credit …

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