Wordhouse Wealth Coaching
November, 2008 Newsletter
Wordhouse Wealth CoachingNovember, 2008 Newsletter |
|
Investor Education Attendees: Check out the color coded chart you received as a handout during your Modern Portfolio Theory (MPT) Series II classes! It proves that you must always be invested in over 11 asset classes, as the market has NO pattern! No one knows which asset will be the best each year. It could easily have been the worst performer last year! You need all 11-16 asset classes…not Treasury Bills or CD’s. Remember other Presidential Election years? They are typically difficult years for the market. This year is no exception. Stay disciplined!
If you read or hear something…that does NOT mean it is the TRUTH! You must be discerning investors and only believe the TRUTH. When you moved to Matrix you believed that Markets Work…as your actions demonstrate your TRUE beliefs. The appropriate MPT action is to change NOTHING and follow the 3 MPT Investment Rules: 1. BUY LOW AND HOLD FOREVER (Lifetime investing) 2. OWN AT LEAST 11 ASSET CLASSES (Matrix does this for you) 3. REBALANCE FREQUENTLY – SELL HIGH (Matrix does this for you)
Transfer all taxable accounts to the new Matrix Free Market Funds (lower value means lower taxes).
Make a list of who is important to you. Those are the persons you need to share the Seven Deadly Traps CD with and bring to our public events (Fog movie and Investment Truths class). They will thank you once you introduce them to MPT. They don’t know that they don’t know! When you run out of the Traps CD’s, please contact Deb for some more. We want you to use them like business cards! We expect you to give away at least two each year.
Please ask your whole family to reserve January 17 for the Wordhouse Wealth Coaching 2009 Winter Client Appreciation Party at the Van Andel Museum, downtown Grand Rapids. It will be a great time for all ages. Visit www.grmuseum.org for more information about the location. We will send you more details later.
We now have an 800 Fax number: 888-797-8703. Please discontinue using the old fax number.
We no longer answer 734-459-1819. At the end of each of our newsletters is our contact information.
Due to the fees that Onaga has instigated for all assets at Onaga (mostly Inland programs), we desire to move your liquidated investments out of Onaga as soon as they liquidate. Please help us. When we send you the paperwork to move your liquid assets from Onaga to Matrix, please return the forms ASAP. Remember, Onaga fees are tax deductible, if you pay for them directly. If you have assets that will not be liquidating soon and you desire to eliminate future Onaga fees, consider reregistering (converting) your total Onaga account from your tax deferred IRA to your taxable personal registration. You can do this for Limited Partnerships, REITS, and other holdings. Yes, you will need to pay taxes in April on the 2008 conversion, however for many accounts the values might be small, and taxes minimal. If interested, call Deb.
We are required by the 1940 Investment Act to keep your records for 5 years. We have been at Matrix for 6 years, so most of your required records are kept by Matrix. Contact Deb if you need some information within the last 5 years.
As you come to your appointment, attend the Bootcamp, or attend the Investment Truths class or the FOG movie, we are taking clients’ pictures. These pictures are only for our Outlook records, to display when we pull up your contact information. This allows our staff to look at your picture as they talk to you. Say “cheese”!
Our MPT class Book List has can give your teens, young adults, and favorite people http://wordhousewealthcoaching.com/WCEbooklist.html
If you need to complete a transaction by the end of 2008, please contact us this week if possible, or by Nov. 15 at the latest. Once the holiday season starts, everything seems to take twice as long. Thanks!
Our office will be closed the day of, the day before and the day after Thanksgiving, Christmas, and New Years Day. We will be answering the phone and emails throughout the Christmas season.
Here is the link for the 2008 Advisory Fee Tax Worksheet. Your September Matrix and Trust Company of America statements are needed to determine your 2008 Advisory fees, so pull them out now and put them in your 2008 tax folder along with this Worksheet. You can complete this Tax Worksheet now, if desired. http://wordhousewealthcoaching.com/2008Taxworksheet.html
If you have a Long Term Care or Whole Life Insurance need, we will gladly give you an insurance agent referral. If you need Term Insurance it can be purchased cheaply on the Internet. Please contact us and we can give you a second opinion on any insurance policy you are considering. Feel free to call Phyllis before getting your insurance proposal, to discuss it, so you ask for the preferred coverage.
If so, take your first Required Minimum Distribution (RMD) BEFORE 2009! Otherwise you will need to take and be taxed on double the amount in 2009. If you need to have your RMD determined out please give contact Deb, who will calculate the amount you need to take out, send you the forms, and submit the paperwork for you. FYI: Depending on who becomes president, the RMD might disappear.
We will let you know if the IRS makes any changes to the contribution limits.
We have held MPT Bootcamps in Plymouth, MI; Hudsonville, MI; Bend, OR; and Walnut Creek, CA! The attendees have all expressed how much they like the “cliff note” style of classes, so we plan to do this again. Congratulations to the Walnut Creek clients, as they had 100% attendance at the Bootcamp!
Please contact the appropriate person directly as most cell phone plans no longer have long distance charges. Our team strives to provide you with the best service and we take your suggestions and feedback seriously.
Debbie Tinkler Deb Ames Maria Kuitula Phyllis J. Wordhouse Phyllis travels extensively, so if she does not respond within 24 hours, contact Deb or Maria. Company Fax: 1-888-797-8703 |
