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Money Manager Monthly |
WrapManager.com | Contact Us | |
October 2010 |  |
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Latest News
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| Partnered With Winners! Prospera Named 2010 Broker Dealer of the Year, Again!
Our good friend and partner, Prospera Financial Services, has been named 2010 Broker/Dealer of the Year by Investment Advisor Magazine! We
are thrilled with this prestigious recognition of the strength of one
of our close affiliates. Further congratulations go to all our clients
who work with this highly-recognized firm! |  |
| Investment Quiz | |
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1. What would $1000 invested in the S&P500 on 12/31/1956 with dividends taken as cash be worth on 12/31/2009?
a) $551
b) $58,730
c) $23,893
d) $15,651
2. What would it be worth if the dividends were reinvested?
a) $58,730
b) $129,611
c) $25,619
d) $86,514
3. What was the average 30-year mortgage rate on September 30, 2010?
a) 4.45%
b) 4.32%
c) 4.75%
d) 4.10%
Answers: 1) c, 2) b, 3) b
Sources: Federated Investors, Inc., Freddie Mac
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MARKET COMMENTARY
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Tax Planning Checklist for 2010 and Beyond
By Seton McAndrews, Senior Wealth Strategist
 It's
a privilege to be able to introduce myself in this month's Tax Planning
newsletter. My name is Seton McAndrews and I am joining the ever
growing WrapManager as a Senior Wealth Strategist. Getting to know many
of you and becoming a familiar voice are my main priorities, so don't be
surprised if you get a call in the near future. I can promise you that I
will maintain the high level of service and financial advice that you
have come to expect from WrapManager, and strive to improve the
experience that you have with our firm.
We all know tax planning
is incredibly important and something many of us should have done
yesterday. Doing so can help reduce the tax burden to you and your
heirs. It can be a bit overwhelming so we've focused on a few key topics
that you should discuss with your financial advisor now.
| | Read on... » |
MONEY MANAGER COMMENTARY
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Launching Into the 4th Quarter - Here's What to Expect
 Second Round of Quantitative Easing is Likely
In
its statement, the Fed admitted that it believes inflation levels are
too low, limiting its ability to promote stable prices. This was a
significant statement, as until now the Fed was more focused on the slow
pace of growth and high unemployment. These concerns obviously still
remain, but by explicitly adding deflation risks to the list of
problems, the Fed has made it clear that additional policy action is
needed.
Click here for the Full Commentary
 Currency Wars and 'Gold-to-Go'
ISI
Group says the list of countries that would like to see their
currencies weakened or remain undervalued for competitive reasons keeps
growing. Japan, Switzerland, South Korea and others in East Asia are the
latest to act. "We are in the midst of an international currency war,"
Brazil's finance minister said this week.
Click here for the Full Commentary
 September Market Outlook and Commentary
In
the past few months, our growth portfolios continued to perform quite
well, but now it may be time to "hit the gas" as the stock market
traditionally rallies into the November mid-term elections in the start
of the Presidential election cycle that persists all the way into 2012.
Due to the recent wave of "merger mania" sweeping through Wall Street,
the historic election cycle rally seems to have gotten off to an early
start. Looking forward, the strongest "surge" during the Presidential
election cycle has been during the third year of a Presidential Election
cycle.
Click here for Navellier's Commentary
 Making Sense of Healthcare Reform
Now
that healthcare reform is the law of the land, the
multi-trillion-dollar question is, who will prosper and who will suffer?
Lord Abbett experts assess the potential opportunities and pitfalls in a
complex and sometimes perplexing new environment, where many new rules
have yet to be written.
Click here for the Full Commentary
Don't miss out on important manager commentary! Sign up for the latest email updates from Money Manager Research. |
TAX & RETIREMENT
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The Advantages of a Stretch IRA
 We continue our estate planning theme and discuss the idea of a "stretch IRA." This isn't a special type of IRA, rather an estate planning strategy available to you.
"Stretching"
an IRA means maximizing the benefits of your IRA and tax-deferred
growth over several generations. This is done by naming younger
generation family members or trust as beneficiaries. Doing so can help
avoid large lump-sum distributions and help spread out, and even lower,
the required minimum distributions. This is possible because the RMDs
for an inherited IRA are based on the age of the person inheriting the
assets. Thus, the assets are able to grow tax deferred for a longer
period of time! In addition, almost any type of IRA, including
Traditional, Roth, and SEP can be stretched!
Be sure to read our
piece explaining Stretch IRAs in detail by clicking the link below.
You'll learn more about them and understand how the different options
might benefit you and your loved ones.
The Advantages of a "Stretch" IRA
As always, feel free to give one of our wealth advisors a call at (800) 541-7774 or email info@wrapmanager.com to discuss your current situation and learn more about how we can help!
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The
attached report and information have been prepared or produced by
WrapManager, Inc. from sources and data believed to be reliable.
Information provided in this report is for educational and illustrative
purposes only and should not be construed as individualized investment
advice, as an offer to sell, or the solicitation of an offer to buy any
security in any states where such an offer or solicitation would be
prohibited by regulations. WrapManager, Inc. is not a tax advisory firm.
We recommend you contact your tax attorney or CPA prior to utilizing
any of the tax-related strategies mentioned or discussed. Returns and
experiences will vary for each client. Each client's risk tolerance and
investment objectives are unique to them. Past performance may not be
indicative of future results. No assumption that future performance of
any specific investment or product made reference to directly by
WrapManager, Inc., on its Web site and in marketing materials, will be
profitable or equal the corresponding indicated performance level(s). If
performance numbers are generated gross of fees, a client's return will
be reduced by investment advisory fees and any other expenses. Opinions
expressed are those of WrapManager, Inc. and are subject to change
without notice and are not necessarily those of Prospera Financial
Services, Inc., its directors, parent company or its affiliates.
Securities offered through Prospera Financial Services and cleared
through First Clearing, LLC. Prospera Financial Services - Member
FINRA/SIPC. © 2010 WrapManager, Inc. (800) 541-7774 | info@wrapmanager.com | www.WrapManager.com |
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