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Money 101:
Personal Money Planning's Newsletter
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MARK YOUR CALENDARS
THURSDAY, AUGUST 11
5:30 PM to 7:30 PM
Free Seminar at the Courtyard by Marriott Wichita Falls
3800 Tarry Street (off Lawrence across from Wal-mart)
Our next seminar will cover estate planning, especially wills, powers, and trusts. The featured guest will be attorney C.Dan Campbell.
This is one you don't want to miss. So many people, my clients included, seem to put off either creating or updating their estate plans. They have wills naming executors they no longer want, or that were written based on outdated tax laws. They don't have powers of attorney set up so that if they are incapacitated, their loved-ones will have to go to court to handle their affairs. They don't provide for someone to determine medical care when they can't do it themselves. And little thought is given on whether giving a lot of money to a beneficiary all at once is a good idea.
So, please try to come to this seminar to learn about what goes into a good estate plan. RSVP soon as we do have limited seating for this one.
Please RSVP by responding to this email, calling the office at 940-692-6885, or filling out the RSVP form , so we can make sure to have enough handouts and snacks for all. |
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Gary's Soapbox
Being a frequent business flyer, I've been interested in the talk lately about inappropriate searches. You hear about the frisking of young children, the elderly, and even babies. The public is outraged and politicians are responding. Texas was even proposing a law to make it a crime for a screener to inappropriately search someone.
It is very understandable that a child, after being told their whole life at home and in school about inappropriate touching, can become upset during a pat-down. And no parent I know is exactly thrilled with strangers putting their hands all over their children. Most would think it is ludicrous to suspect a baby of working for a terrorist cell. And all of us would sympathize with an elderly lady required to remove her soiled diaper for inspection or a veteran having to put his artificial leg through the x-ray machine.
That this upsets and infuriates the public is to be expected.
But let's think about this a moment. If you were running a terrorist cell and you knew that certain items or individuals were not going to be inspected, what would you do? If possible, you'd try to find someone who was sympathetic to your cause. If not, then you'd try and find a way to get them to carry a device unknowingly. That this not only could happen but has happened around the world underscores this point.
Yes, better communication with the flying public would be nice. Yes, sensitivity by the screeners will help a lot. Yes, some procedures can be changed. But curtailing pat-downs of folks or inspections of items because they don't meet our idea of what a terrorist "looks like" isn't the answer.
Does this mean the terrorists win? Well, last I saw we put our president in an armored car instead of a convertible these days. So you be the judge of whether it's a win for the other side or prudence on ours.
For me, personally, I'll just be happy if they keep the planes I fly in bomb-free.
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Gary's Latest Articles
From The Times Record News
Investment advisor, personal financial specialist, insurance broker...There is an overwhelming number of professionals out there to help manage your money. Part 2 of the "Choosing An Advisor" series narrows in on a few of the financial planners with a broad scope of expertise.
Next, Gary gives examples of what you should ask your potential advisor , including what qualifications they have and if they've ever been disciplined by a regulatory or professional agency.
To wrap this series up: a discussion about how advisors get paid . Fee-based, fee-only and commission structures are defined, and Gary touches on what it means to be a fiduciary.
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FYI 101
Financial Literacy:
From the American Institute of CPAs
The tables have turned. Now, as an adult child, it's your turn to discuss the tough questions with your aging parents . This article outlines some of the crucial information you need to know about your parents' finances, health, and future plans, including their memorial wishes. If this has been on your to do list for a while, why not start today?
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Our little area of Texas (if any area of Texas can be called "little") has gone close to two months of continuous 100-degree-plus days. But the number doesn't do it justice. Here's some examples of how hot it's been:
A mosquito recently killed was examined and found to be carrying a canteen.
Chicken farmers are giving the chickens crushed ice to keep them from laying hard-boiled eggs.
A 20 lb catfish had ticks on it!
A fire hydrant was seen bribing a dog.
Baptists are starting to baptize by sprinkling, the Methodists are using wet-wipes, the Presbyterians are giving out rain-checks, and the Catholics are praying for the wine to turn back into water.
Yep, it's dry.
Sincerely,
Gary Silverman, CFP®
Personal Money Planning
P.S. If you want to escape the heat for a few hours on August 11, remember our free seminar. The A/C is quite frosty. |
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©2011 Personal Money Planning . All rights reserved by Personal Money Planning and content may not be reproduced, disseminated, or transferred in any form or by any means, except with the prior written permission of Personal Money Planning unless specifically noted. (Permission is not difficult to obtain.) The one exception is for downloading and printing information from this newsletter for general education by the original recipient.
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DISCLOSURE
This newsletter is produced by Gary Silverman, dba Personal Money Planning, a registered investment advisor located in Wichita Falls, Texas.
Information in this newsletter is believed to provide accurate and authoritative information in regards to the subject matter covered. However, the accuracy, timeliness, or applicability of the information is not guaranteed and is provided with the understanding that we are not rendering legal, accounting, tax, or other professional advice or services.
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Historical performance results for investment indexes and categories generally do not reflect the deduction of transaction or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.
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Personal Money Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Personal Money Planning's web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. |
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