Greetings!
Hello everyone!! It's been a busy summer at JDS Wealth Management Corp. I want to thank all of our wonderful clients again, that have been so kind in passing on referrals of their friends & family that we can be of service to for their retirement planning. It's truly appreciated, and we're always grateful. Soon the kids will be back in school, the leaves will be changing, and we'll all wonder where summer went. Seems like time passes faster and faster as we get older, or is than just me? Maybe us "old folk" just cherish each day more, but I guess that's actually a good thing. As you may recall from last month's newsletter, my daughter Kelly has started her career with JDS Wealth Management Corp. as my assistant. Kelly is also the office manager and marketing director, which frees me up to spend more time on serving clients, case study, and education. Kelly has already attained her insurance licenses, and in the near future will study for her securities licenses to become a "Registered Investment Advisor", and "Registered Financial Consultant" like myself. The financial world has kept us on our toes to say the least! Expect more market volatility as we approach Election Day, Washington fights over the debt ceiling, the "fiscal cliff" approaches etc. Our "safe money" strategies have worked out quite well over the years, I'm glad to say. The new TVA Indexed annuity I spoke of last month has been very popular, and has many benefits I'd encourage everyone to learn about (10% bonus, no caps, 100% participation rates, 7% - 13% death benefit & income benefit riders)! If you don't, you're missing the boat! It's that simple. Also, information will be coming on a special client appreciation event Sept. 21st 2012!! You won't believe what we'll be doing for our loyal clients. It will be an absolute blast you won't forget. As I said last month, we're ramping up our client services efforts and you'll be getting more information soon. We'll be out of the office from Aug. 1st - Aug. 6th on a short business related workshop. We'll be back on Aug. 7th. If needed, we can be contacted via email. Enjoy this month's articles, and make sure to check our website for upcoming educational seminars.
Sincerely, 
--James D. Stillman
SAVE THE DATE!!! Friday September 21st Client Appreciation Cruise on Lake Norman
More Info to Come... |
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Life Insurance: The Tax Planning
& Retirement Miracle!
Lake Norman Magazine, August 2012
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I often wonder why more financial advisors don't teach the advantages and benefits of life insurance planning, especially to younger folks under 45 or 50. Life insurance can be used for income replacement, income planning, tax planning, tax free retirement planning, and the list goes on.
Basically, there are two types of life insurance to consider: term or permanent. Term is typically the cheapest with the highest death benefit per dollar. It usually builds no cash value and will run out at the end of the term, or the price will increase to the point that you won't want to pay for it (annual renewable term). Permanent insurance (whole life, universal life, etc.) costs more, but can be flexible and structured to meet your individual needs. Permanent insurance builds cash value that can be used for many purposes, premiums can be flexible, and the insurance will last forever if designed properly.
Read more... |
Closer to the Edge of the Fiscal Cliff
| We have often commented that the vast majority of recent market volatility  has been caused by investors trying to decide if the Global economy is going to grow at a pace which allows debt to be paid off or slip back into recession.
Although the news and events that have been whipsawing security prices on a daily basis can cover a wide range of complex economic factors, they all point to one simple question: Can the world grow out of its various debt and banking crises?
The 2008 recession has been the most severe in living history not just for its depth but also because it is taking an unprecedented length of time for GDP, labor and other economy-driving factors to recover.
Read more... |
The Pain in Spain
| Although it is commonly known and accepted that the European financial crisis is acute within all the PIIGS countries, when this all started, very few investors and experts felt there was a high probability of Spain or Italy requiring a full bailout. Whereas, the countries of Portugal, Ireland and Greece have already been given Eurozone money to help them pay their bills, it has always been difficult to conceive that the contagious effect of debt in highly interrelated banking and sovereign finance systems would require the full bailout of a country the size of Spain or Italy.
However, on Friday, July 20th, Spain's main stock market index, the IBEX, fell 5.8% with a further 5.0% decline on Monday the 23rd (at the time of writing).
Meanwhile, the price Spain has to pay to borrow money, the yield on its 10-year treasuries, closed in on 7.5%. This rate is unsustainable and is a higher yield than Portugal, Ireland or Greece were paying when they sought a full European bailout.
Clearly, investors are now betting that Spain has fully contracted a financial form of "swine fever" or "pig plague", and the only thing that can be done is to provide full European bailout funds.
Read more... |
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