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Michael Brady, President
Generosity Wealth Management
2387 Point of Pines
Drive
Boulder, CO 80302
P 303.747.6455
F 858.947.3807
www.generositywealth.com
Registered Representative of
and securities offered through QA3 Financial, Corp. Member FINRA/SIPC
Investment
Advisor Representative of and Advisory Services offered through Generosity
Wealth Management, LLC., a Colorado Registered Investment Advisory firm
Generosity
Wealth Management, LLC and QA3 Financial Corp or QA3 Financial, LLC are not affiliated companies
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| Greetings!
This week I've decided to answer some of the e-mailed letters from clients and friends. Some very serious topics are discussed, so be sure to click on the link to hear my answers to the questions.
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State Budget Gaps
The link I provide below is to an article about the Estimated Effects of Policy Options on Output and Employment. Very interesting, especially if you're an economist or policy wonk.
Just as interesting, in my humble opinion, is the graph of state budget gaps. 2010 is going to be really difficult for a lot of states. Colorado is only in medium trouble, but California, Illinois, and Arizona are in a world of hurt.
To do: Evaluate your municipal bond holdings, including bond mutual funds. What is the estimated bond default?
Leave money for children or charity?
 With the estate tax repeal of 2010, a wonderful social experiment could be tested.
In the absence of any tax incentive to give to charity upon death, will a greater amount be left as an inheritance instead of given to charity?
I'll be very interested to find out what happens for 2010. Of course, I'm also curious to see if they actually change the estate tax again and retroactively assess taxes on those who die since January 1st. 43 States had increased unemployment rates in December 2009. Urghh....
I've mentioned many times in my newsletter that unemployment is a key ingredient in the deflationary spiral. In order for the number of employed to increase, GDP will need to grow at a high percentage, so the decrease in the unemployment number will be very slow, if at all in 2010.
To do: If you're employed, but sure you're a competitive employee that can't be missed, with up to date skills. If you're unemployed, there are lots of skills training out there. If you're retired, how will deflation affect your income in the coming years? Let me know if I can help.
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Colorado
Colorado is just the most wonderful state. We have beautiful, clean snow on one day, and sunshine the next.
I always say to my Michigan friends "Colorado has 2 weeks of the winter that are too cold and 2 weeks of the summer that are too hot. Other than that, it's perfect weather full of friendly people"
Glad to be here.
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I'm here to help!....
I'd love to talk more with you about the above topics or anyway I can help you grow and preserve your money while providing for yourself, your family, and community.
Mike
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