THE EXTRA POINT eUPDATE  
 
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Things Change ... and We Should Change

"If you always do what you have always done, you will always be what you have always been." This is one of Jeff Thiesen and Lance Duekers's favorite quotes from their former coach Jim Sweeney. As we remember Coach Sweeney, we realize that his axiom on change can be applied to just about everything in our lives. Things change. It's inevitable. Those who accept change and proactively address the new necessities and opportunities it presents are able to move ahead positively. Those who aren't proactive allow change to impact them negatively.

 

There is an interesting article by Joe Fowler entitled "The Five Fundamentals of Dealing with Change" that offers great insight to help us change and come out ahead. Click on this link if you'd like to read it. http://www.well.com/~bbear/change2.html

 

We dedicate this edition of the TD Group eUpdate to change.

 

 

What's Changing for You?

We feel that it is so important knowing what is happening in the lives of our clients, professionally and personally. What's changing for you?  Are you changing jobs?  Are you retiring soon?  Have you recently married or expanded your family?  Knowing what's changing for you helps us help you. We encourage you to keep us updated so we can help keep you moving forward toward your financial goals.

 

 

How We Are Managing Change

In these challenging times for investors, there is a growing demand for financial advisors who can help clients understand and adapt to changes. Even as patient long-term investment planning remains valuable, the global economic environment keeps shifting and financial choices keep expanding. Increasingly, investors want to know: "What is happening with the economy - and how does this affect my investments?" As we try to deepen our understanding of how our clients think, what they value and which concerns keep them awake at night, the economies and markets grow more dynamic. For this reason it is imperative to stay ahead of changes for you. We continuously meet with representatives of different companies in an effort to gain concensus and prospective on the changes we are most likely going to face together. In fact, just this past month we met with 5 of the top REITS in the country.  Also, you may have noticed that we made a few minor changes to some portfolios in anticipation of market changes.

 

 

And now for some fun changes ...

 

Welcome Te and StephanieTe

Therese (Te) Shardlow comes to us with many years of experience in   all aspects of the financial industry. Currently licensed in our industry, she is going to be a huge asset to our team working alongside Jeff Thiesen, Lance Dueker and Jamie Davis. Te has 2 children, Ian and Erin. 

 

Stephanie May has worked in the investment services  business since 2004. She will be assisting Holly Bare with our 401k Plan business to provide the trustees and all participants of each plan that we manage with the best service and knowledge they need to help grow their retirement plans successfully. 

 

 Tess
Welcome Back, Tess!
We are so exited to welcome Tess back from Hawaii. After almost one  year, she has decided to make the move back to be closer to her family. She is currently in the process of planning her coastal wedding. We are ecstatic to have Tess back assisting Tom Frost and Jason Link. We sure missed her. But now it feels like she never left. 

 

We're In the Community

We always like to share some of the things we are doing in the community as a company or on our own. We have always strived to earn your business by being the best at what we do. But we also promised that working with Thiesen Dueker helps us help our community. It's not just something we say. It's who we are. So we like to share how our team and what are people are doing to support the community. In Great Expectations, Charles Dickens said "Spring is the time of year when it is Summer in the sun and Winter in the shade."  That's true about the weather. But it's also true about the choices we make. Where we choose to stand. We are proud that our team chooses to stand in the sun to make the lives of others brighter.

 

Tom Morgan coaches Varsity Basketball at Clovis East High School.  He has run their program from K-12th grades for the past 9 years. They have won 3 Division One Valley Championships. He also assists with Fresno City College Basketball when time permits. Fresno City is a top program in California. He preaches about having a positive outlook on life, putting forth great effort, being coachable and being a great teammate. Tom is a big believer in helping kids in our community through sports.  By taking a positive approach to sports, he teaches discipline, self respect, team building, and dealing with every day ups and downs of life.

 Ron - basketball

Ron Young has the same approach with coaching a team of 8-year-  olds in the "Upward Sports" Basketball program at First Presbyterian Church in Bakersfield. "The Bears" are a team of nine players with an emphasis on sportsmanship and fun while learning basic skills, how to play the game and a weekly scripture lesson to help instill values. The program has several hundred kids in various age groups from 6-12 that come from various backgrounds, schools and churches
.
Golf Team  Holly Bare has been a volunteer coach of the Fresno State Women's Golf Team for 3 years. The Bulldogs teed off their spring season on Feb. 16-17 at the Peg Barnard Invitational hosted by Stanford and placed in the top 10. They recently competed in a 2-day tournament at the Cal Classic in Pleasanton, CA, the Juli Inkster Spartan Invitational in San Jose and the Anuenue Spring Break Classic in Maui.  We wish the team luck throughout the rest of the spring season.

 

Ryan Purkiss is a busy man in Visalia. Along with being a member of  the Visalia Rotary Community Foundation Finance ComRyan - Happy Trailsmittee and the Independent Citizen's Oversight Committee, Ryan supports the Samartian Center and Leadership Visalia. These are all such wonderful organizations. You can also hear Ryan's daily market report on AM 1450 KTIP and AM 940 ESPN Radio. 

 

Let's Talk

It would be our pleasure to spend more time with you to discuss ways we can grow and preserve the wealth you have worked so hard to accumulate. As your financial consultants, we pledge to put your best interests first, communicate market opportunities, manage any risk you may face and make adjustments to your financial strategy as markets change and your needs evolve.    

Things to Think About......

Putting Your Tax Refund to Work

Should your refund be saved?  According to a TD Ameritrade poll, 47% of U.S. taxpayers expect a refund this year.  What do they plan to do with the money?  The answers may surprise you.  While 15% of the survey respondents indicated they would spend their refunds on discretionary purchases, 47% said they would save the money and 44% indicated they would use some or all of it to whittle away some debt.  Just 15% said they would invest it, and only 6% said they would direct it to charity.  Besides deposit accounts, consider other destinations.  Putting your refund into your savings or checking account is sensible enough - but with the interest rates most bank accounts earn today, you may be wondering about alternatives. Here are some other options.

 

Who Needs Estate Planning?

You have an estate.  It doesn't matter how limited (or unlimited) your means may be, and it doesn't matter if you own a mansion or a motor home.  Rich or Poor, when you die, you leave behind an estate.  For some, this can mean real property, cash, an investment portfolio and more.  For others, it could be as straightforward as the $10 bill in their wallet and the clothes on their back.  Either way, what you leave behind when you die is considered to be your "estate".  Why estate planning is so important, and not just for the rich.

 

Which Financial Documents Should You Keep On File?

You might be surprised how many people have financial documents scattered all over the house - on the kitchen table, underneath old newspapers, in the hall closet, in the basement. If that describes your financial "filing system", you may have a tough time keeping tabs on your financial life.  Organization will help you, your advisors...and even your heirs.  If you've got a meeting scheduled with an accountant, financial consultat, mortgage lender, or insurance agent, spare yourself a last-minute scavenger hunt.  Take an hour or two to put things in good order.  If nothing else, do it for your heirs.  When you pass, they will be contending with emotions and won't want to search through your house for this or that piece of paper.

The Learning Center 

 Please refer to our website, www.thiesendueker.com for more educational material.
  

 

Windfalls and Your Taxes
 

When you receive a windfall-whether it's an inheritance from a relative, lottery or gambling winnings, or a legal settlement-you may be anxious to plan how you will spend that money. However, don't forget that taxes may be owed on the sum you received.

 

As soon as you learn that a significant sum of money is coming your way, consult with one of our qualified tax professionals about potential tax implications. In many cases, gifts from family members or friends, life insurance payouts, and inheritances are tax free to the recipient, although taxes may be owed by the giver or the estate from which the inheritance is received. It is also important to consider state and local taxes, which may differ from Federal rules.

 

Inherited Retirement Accounts
If you have inherited a traditional IRA from someone other than your spouse, you can opt to withdraw the money as a lump sum and pay all of the income taxes due in that year. Or, you can delay the tax liability by directly rolling the funds over into an inherited IRA. You will have to take required minimum distributions (RMDs) from the account and pay taxes on these withdrawals; however, you can extend RMDs based on your anticipated life expectancy. You may also choose to transfer the IRA to another beneficiary within nine months of the account owner's death. Due to a recent change in the law, most non-spouse beneficiaries of 401(k) and other employer-provided retirement accounts are also permitted to roll over funds into an inherited IRA.

 

Lottery or Gambling Winnings
Any winnings from gambling or playing the lottery are fully taxable as ordinary income, not as capital gains. If you win a lottery prize payable in installments, you are required to report on your tax return both the annual payments and any amount designated as interest on the unpaid installments. If your lottery winnings exceed $5,000, the payer will automatically withhold 25% of your winnings to cover Federal taxes-this percentage may be greater if you fail to disclose your tax identification number. In some cases, state taxes will also be withheld. In addition, you may owe estimated taxes, which must be paid quarterly. Failure to pay estimated taxes in a timely manner can result in penalties.

 

All gambling winnings are considered income on your Federal tax return, and the proceeds may also be subject to state taxes. If you wish to claim gambling losses on your Federal return, they must be reported separately as itemized deductions, not simply subtracted from the reported winnings. In claiming this deduction, your gambling losses may not exceed your winnings. If your gambling or lottery winnings exceed specified amounts, you will receive form W-2G, Certain Gambling Winnings, from the IRS.

 

Legal Settlements
If you have won a lawsuit and have been awarded a legal settlement, you are likely to owe taxes, unless the damages were awarded for physical injury or illness. Most other types of damages, including settlements for personal non-physical injuries and all punitive damages, are taxed as ordinary income. To complicate matters, the percentage of the settlement that goes to your attorney in many cases also counts as your taxable income. While you are permitted to claim legal fees as an itemized deduction, this deduction could increase your alternative minimum tax (AMT) liability.

 

Sharing Your Windfall

If the lump sum you have received is liable to taxation, you may be able to reduce taxes by donating some of your windfall to a qualified charity. Keep in mind, however, that the deductibility of charitable gifts is limited to 50% of your adjusted gross income (AGI), although contributions that exceed these limits may be carried over for up to five years into the future. Gifts to family and friends from your windfall will not reduce your tax liability. In fact, there may be additional gift taxes involved.

Suddenly receiving a windfall can be very exciting, but don't forget to consider your tax liabilities. For advice according to your unique circumstances, consult your qualified tax professionals.

 



 

Copyright 2013 Liberty Publishing, Inc. All Rights Reserved. 

TXWINDFL-AS

   


Spring Recipe!

Strawberry Arugula Salad

 

Ingredients

2 cups torn fresh arugula or baby spinach

Strawberry Salad

3/4 cup quartered fresh strawberries

1/4 cup slivered almonds

1/4 cup crumbled Gorgonzola cheese

2 tablespoons chopped red onion

2 tablespoons olive oil

1 tablespoon thawed orange juice concentrate

1 tablespoon balsamic vinegar

1 1/2 teaspoons grated orange peel

1/8 teaspoon ground ginger

 

Directions

In a salad bowl, combine the first five ingredients.  In a small bowl, whisk the oil, orange juice concentrate, vinegar, orange peel and ginger.  Pour over salad; toss gently to coat. Yield: 2 servings.

 

 

Important Dates and Upcoming Events

April 4
Grizzlies Baseball
Chukchansi Park
 
April 5-May 18
Fresno State Bulldogs* Baseball
 
April 6-7
Big Hat Days
Old Town Clovis
 
April 7
Woodward Park
 
April 10
Lord of the Dance
William Saroyan Theatre
 
April 13
Romeo Santos*
SaveMart Center
 
 April 15
Tax Filing Deadline
Last Day To Make IRA Contributions
 
April 25
Marty Stuart
Hanford Fox Theatre 
 
April 27
Buck Owens Crystal Palace
 
April 27-28
SaveMart Center
 
April 28
Chris Tomlin*
SaveMart Center
 
May 1
Elvis Lives
Rabobank Arena Theatre
 
May 3
Q97 "Light It Up Tour"
SaveMart Center
 
May 9
Miranda Lambert
Rabobank Arena Theatre
 
May 11
Woodward Park
 
May 16
TD Group Seminar
Wills and Trusts
Fresno Office

June 17
Thiesen Dueker Group Annual Charity Invitational Golf Tournament

June 18-19
Sesame Street Live*
SaveMart Center

* We have a limited number of tickets.  Contact Jamie Davis if you are interested.
 

Introducing 
Stephanie May!

Stephanie

 

Stephanie May started out in the Financial Industry in 2004 in the operations department.   She provides knowledge in servicing clients and maintaining positive relationships.  As the newest member  of the Thiesen Dueker Group, Stephanie is serving as the internal for our 401(k) retirement plans.  She was born and raised in Clovis, CA and has been married to her  husband, Garrett, for over 3 years.  She enjoys spending time with her  two children, Kenzie and Keilan. 

 

 

New Website!

 

We are pleased to announce the launch of our new website, www.thiesendueker.com.

Much of the content you are familiar with, including your LPL Account View, has been transferred to the new website.  You will also find new features and information we hope you will take advantage of soon.

 

Please bookmark the new website address so you can quickly access your account and other valuable information.  Providing extra value in the form of superior online resources is important to us.  We hope you enjoy the new site and that is becomes a valuable tool for continued financial information and success. 

 

 
Market Stats as of
April 4, 2013
  
Stocks              YTD
 
Dow Jones       +11.46%
 Nasdaq              +6.80%   
  S&P                  +9.38%
 
 
U.S. Treasury Yields
   Maturity           Last Yield
     3 mo                 .07%
     5 yr                    .77%
   10 yr                  1.85%
   30 yr                  3.10%
      
         
  
CNNMoney.com

Our Team
  
Jeff Thiesen
Partner
LPL Finanical Consultant

 Lance Dueker
Partner
LPL Financial Consultant
  
David Johnston
Partner
LPL Financial Consultant

Jasin Carlen
Partner
LPL Finanical Consultant 
   
Holly Bare
Associate
Retirement Plan Consultant
  
Thomas Frost
Associate
LPL Financial Consultant

 Jason Link
Associate
LPL Finanical Consultant
 
Brian Nunes
Associate
LPL Financial Consultant
 
Ronald Young
Associate
LPL Financial Consultant
 
 Ryan Purkiss
Associate

 LPL Finanical Consultant

  

Michael Muhareb
Associate
LPL Finanical Consultant 
 
Tom Morgan
Associate
LPL Financial Consultant
   
James Kliewer
Client Servcies Associate
 
 
  Kimberly Choi-Lindley 

LPL Registered Client Services Associate

 

Reynaldo Cardenas
Client Services Assosciate
 
Jamie Davis  
LPL Registered Client Services Asscciate
  
Diana Kliewer
Client Services Associate 
 
Rebeka Leighton
Client Services Associate
 
Brooke Simmons
LPL Branch Operations 
Compliance Manager
 
Tina St. Louis
Client Services Associate
 
Tammie Sitton
Client Services Associate
 
Carol Matalon
Client Services Associate 
 
Christine Martinez
Client Services Associate
 
Te Shardlow
LPL Registered Client Services Associate
 
Tess Dawson
Client Services Associate
 
Stephanie May
Client Services Associate
 
 

 

 Our Services

 

 Retirement Planning
  • Tradtional/Roth IRAs
  • Simple/SEP IRAs
  • IRA Rollovers and     IRA Consolidations
  • 401(k), 403(b), Profit Sharing and Defined Benefit Plans
  • Income Distributions and RMDs

 

Financial Strategies
  • Comprehensive and Modular Financial Plans
  • Risk and Insurance Analysis
  • Wealth Accumulation and Income Planning
  • Personal, Family and Charitable Trusts
  • Private Trust Services*

 

Investment Management
  • Asset Allocation Modeling
  • Investment Manager Search and Selection
  • Performance Monitoring
  • Institutional Research

 

Educational Funding
  • 529 Plans
  • Education Savings Accounts
  • Custodial Accounts

 

 

Investment options and tools
  • CDs and Money Market Funds
  • Tax-advantaged Municipal and Treasury Bonds
  • Domestic and Foreign Stock and Bonds
  • Mutual Funds, Unit Trusts and ETFs
  • Fixed and Variable Annuities
  • Insurance - Life, Long-Term Care and Health
  • Alternative Investments - REITs

 

*LPL Financial representatives offer access to trust services through The Private Trust Company N.A., an affiliate of LPL Financial
  
  

Team balcony 

  
  
The Financial Consultants at Thiesen Dueker Group are also registered representatives with, and  securities offered through LPL Financial, member FINRA/SIPC