Boulder City Magazine® February 2006 Issue
by Wendell Whitman
Plan Your Investment Moves For The New Year
Here’s a New Year’s resolution to consider: Determine how any changes in your life in 2006 will affect your financial plans.
Boulder City Magazine®
|For example, if you’re adding a new child to your family, you’ll want to make sure you have sufficient life insurance. Also, it’s never too soon to set up a college fund, so you might want to open a Section 529 plan or a Coverdell Education Savings Account.
If you’re further along on life’s journey, and you’re planning to retire in 2006, you have some issues to consider. You may need to take distributions from your 401(k) or your IRA. And you’ll want to ensure that your investment portfolio is properly balanced for your retirement years. Your tax and investment professionals can help you make the right choices.
Get 2006 off to a good start by making sure your financial plans fit your life.
Are You an “Educated” Investor?
You may have finished school many years ago, but you still can continue your education. And one of the most important topics you can study is investing - because educated investors are usually the most successful ones.
You can find investment information from a variety of sources. You may be able to take classes at a local community college. You can read books and magazines. You can watch investment shows on television. And you can easily find hundreds of Web sites devoted entirely to investing.
You may also want to work with an investment professional - someone who can discuss key issues with you, and who can help you tailor all recommendations to your individual needs, goals and risk tolerance.
But even if you do work with an investment professional, don’t stop learning on your own. As an investor, you’ll find that there’s always something new to learn - and knowledge is power.
Contact Wendell at Edward Jones www.edwardjones.com.
688 Wells Rd #A
Boulder City, Nevada 89005
Phone (702) 294-1392 Fax (702) 294-1392
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