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New Year Investment
Resolutions |
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by James Copenhaver
The end of the year is approaching and our attention turns to the holidays: family and friends, New Year resolutions, losing weight, eating better, starting to save, etc. You know the drill.
In last month’s newsletter, we touched on the impact that waiting to invest can have on your portfolios and how it can rob you of opportunities.
The question we asked was about two investors, one that started early and another that waited:
| Investor 1 invests $2,500 each year between age 20 and 30 in a portfolio that yields a return of 8% and then stops adding to the portfolio but allows the portfolio to grow until age 60. Investor 2 waits till age 30 to start investing $3000 a year and keeps investing annually until age 60, and will get the same return as investor 1. Will Investor 2 catch up to investor 1 by age 60 or ever? |
The Answer: When Investor 2’s portfolio finally catches up to Investor 1, they are precisely 73 years, 10 months, and 6 days old... MORE
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| CLICK HERE to get your free copy of our 24-page retirement booklet, “Planning for Retirement – Strategies for Your Life, Your Finances, and Your Future”. In this booklet, you’ll learn more about strategies and options for your future. |
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CLICK HERE for your FREE Financial Review. Because we place such a high priority on mutual trust in our client relationships, we offer this free analysis to help us both decide if we are a good fit. |
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Financial Planning:
Health Savings Accounts
Health Savings Accounts (HSA) have become an increasingly popular way for individuals to pay for medical expenses with pre-tax dollars. When you set up an HSA, you are able to... MORE |
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Tax Planning:
Year End Tax Strategies
It’s time to start considering your Year End Tax Strategies. Schedule a Year End Tax & Financial Review with Wealth Enhancement Group and receive a... MORE |
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Mortgage Tips:
Shopping for a Lender
When shopping for a mortgage lender, you should make price comparisons, but interest rates alone should not be the determining factor in choosing a lender. It is just as important to... MORE |
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Insurance Insights:
We Called Him Superman!
Christopher Reeves was strong, powerful, and at the height of his career. Life couldn’t have been much better. He had a bright future, exciting career, and loving family. Who didn’t know... MORE |
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Investment Management Updates:
Investments for Inflation
If you’re worried about possible effects of inflation on your investments, there are Inflation-Protected Securities (IPS). IPS can help offset downfalls that might occur due to... MORE
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Thoughts from Bruce Helmer:
Sharing Your Wealth
Why Give? I have encountered nearly every reason imaginable for making contributions to charitable organizations. The most common, however, are the following... MORE |
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Sudoku Puzzle:
When you play sudoku you qualify to win a FREE $25 Gift Card for any participating T.G.I. Friday’s restaurant. This month's puzzle... MORE |
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Upcoming Events:
As most of you know, one of our main goals is to educate our clients and our community. We look forward to seeing you at an upcoming seminar... MORE |
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Minnesota: Blaine, Brainerd, Burnsville, Edina, Mankato, Oakdale, Rochester, St. Cloud, Vadnais Heights, and Wayzata
Iowa: West Des Moines – North Dakota: Fargo |
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