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11175 Cicero Drive
Suite 650
Alpharetta, GA 30022
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| Dear Clients and Friends,
Welcome to the Redwood View, the periodic newsletter of Redwood Wealth Management! We hope to use this forum to provide timely and useful information to our valued clients and associates. The topics will cover all areas of wealth management as well as current issues that might affect you or your family. |
Redwood Expanding to New Office
The partners and associates of Redwood Wealth Management proudly announce their move to 200 Milton Park, one of the premier real estate addresses in Alpharetta.  At a time when the economy and commercial real estate markets are struggling, Redwood is expanding and needs more space to serve its growing list of clients. "As Redwood continues to grow by adding new clients, we feel that a bigger space is essential in continuing to provide world class service to our clients," said Redwood Senior Wealth Manager Shawn Meade. "Our new building is also an upgrade over our existing building and is consistent with the quality of our clients." The new office is located at 11175 Cicero Drive, Suite 650 and operations will transition from the old office to the new office between April 23rd and April 28th. All firm email addresses and phone numbers will remain the same. Meade says the company has signed a five year lease which will allow them to grow while maintaining current service levels. "This should enhance the service our clients have been receiving," he said. "Everyone in the firm will now have a larger office to meet clients in. More office space will also allow us to selectively hire new professionals to assist us in meeting our clients' service expectations in the coming years." The firm will invite its clients and friends to an open house at the new location in June (date and time to follow). |
Market Corner
By Lane Steinberger, CFA, CFP®
As the head of Redwood's Investment Policy Committee, I am often asked about our investment strategy during these volatile times. The same questions regarding our methods keep coming up so I want to address some of them in this newsletter.
Should I cash out and wait for the market to turn around?
This is the most common question we get from clients and might appear to be a very smart, simple strategy. All you do is sell all the positions in your portfolio, keep it in cash, and reinvest when the market turns around. Simple, right?
Let's go back to November 20, 2008 when the Dow closed at 7552 - a time when many people employing the "simple" strategy were selling all their holdings and going to cash.
By January 2, 2009 the Dow was up 20% to 9034. Those employing the aforementioned strategy would buy in here because this is a recovery, correct? Maybe time to get back in?
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Tax Tips
By Raj Chokshi, CFP®, CPA, MBA
 With all the talk about potential tax breaks for individuals and small businesses, the CPAs at Redwood thought we might take a moment to look at some of the ideas that have actually been implemented as part of the 2009 American Recovery and Reinvestment Act as well as other changes in the tax code. If you think you or a friend might qualify for any of the breaks and would like more information, please call your Redwood advisor or your CPA. Increase and Expansion of the Hope Scholarship Credit There is a temporary tax credit for 2009 and 2010 which increases the maximum credit per student from $1800 to $2500. The phase-out range is also increased. For single filers the phase-out range is 80k to 90k (up from the current 50k to 60k). For joint filers it is 160k to 180k (up from current 100k to 120k).
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Mr. Meade Goes to Washington
By Shawn Meade, CFP®, CPA, MS
Shawn Meade, a Senior Wealth Manager at Redwood, is playing a role in helping inform U.S. Congressional leaders about how to regulate the people who provide Americans financial advice.
There are literally millions of "financial advisors" in our country and new financial scandals hitting the news every week has many people asking, "Who is supposed to be regulating these people"?
Meade, in his role as a the Government Relations Board Member for the Georgia Financial Planning Association ("FPA"), is responsible for coordinating FPA members to contact and inform the Georgia delegation of the United States Congress about the issues associated with regulating financial advisors.
Shawn is meeting with Congressman Tom Price from Georgia's 6th District in May and will meet the rest of the delegation in the coming months.
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We hope you have found something useful in the newsletter. If you feel anything in The Redwood View might be helpful to a friend or family member, please feel free to forward it to them. The professionals at Redwood Wealth Management wish you and your family a prosperous 2009.
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