Financial Focus
Time to make New Year’s
financial resolutions
Like many people, you may time you get a boost in salary, Don’t make decisions based on
make some New Year’s resolu- try to increase the amount go- emotional reactions to what’s
tions. Perhaps you’ve promised ing into your 401(k), but at the happening with your invest-
yourself that you’ll visit the very least, contribute enough to ments. For example, just be-
gym more often or learn a new earn the employer’s match, if cause the price of an investment
language or reconnect with a one is offered. In 2010, the con- may have dropped significantly,
long-lost friend. All of these are tribution limit for 401(k) plans it doesn’t mean you should rush
worthy goals, of course, and if is $16,500, or $22,000 if you’re to sell it. Despite the price drop,
you achieve them, you may add age 50 or over, although both it may still have good prospects
new dimensions to your life. But these limits may increase if they and it might be an important
if you want to accomplish other are indexed for inflation. part of your investment strategy.
major milestones you may have • “Max out” on your IRA. Even Consider all factors before mak-
envisioned — a new home, col- if you have a 401(k), you’re prob- ing “buy” or “sell” decisions.
lege for your kids, a comfortable ably still eligible to contribute to • Keep sufficient cash in your
retirement and so on — you may an IR A. A traditional IR A grows portfolio — During the long
need to set some New Year’s fi- tax deferred, while a Roth IRA’s bear market of 2008 and early
nancial resolutions. earnings are tax free, provided 2009, many investors discovered
What type of financial resolu- you’ve had your account at least that they lacked enough cash
tions should you make? Here are five years and don’t start taking in their portfolios. Of course,
a few ideas to consider: withdrawals until you’re 59-½. you need enough cash on hand
• Contribute as much as you (Your ability to contribute to a to meet unexpected expenses
LookIng AheAd: WhAt’s next
can afford to your 401(k). Take Roth IRA is based on your in- without dipping into long-term
full advantage of your 401(k) come.) You can fund your IRA investments. But beyond that, for Investors In 2010?
or other employer-sponsored with virtually any type of in- the presence of cash and short-
retirement plan. Your contribu- vestment. In 2010, you can put term, more liquid investments
You’re Invited …
tions are typically tax deduct- in up to $5,000 to your IRA, or can help reduce the volatility in
A new year brings new opportunities and often new uncertainties
ible and your earnings grow $6,000 if you’re age 50 or older, a portfolio that may sometimes
for many investors. Whether you’re wondering if a market
on a tax-deferred basis. Every although, as was the case with be battered by both the stock
recovery can be sustained or asking if you’re on the right course
your 401(k), these limits may go and bond markets.
to reach your goals, we can help.
higher if they’re indexed for in- These financial resolutions,
flation. like all types of New Year’s reso-
Bring your family and friends to the free video presentation
• Rebalance your investments as lutions, may not be easy to keep.
Outlook 2010: What’s Next for Investors? During this program,
needed. Over time, your goals But if you can stick with them,
Edward Jones Chief Market Strategist Alan Skrainka will offer
and risk tolerance can change. you may have many happy new
investors relevant perspectives on the recovery, inflation, taxes,
That’s why it’s a good idea to re- years in the future.
housing, interest rates, health care and more. We’ll also explore:
view and rebalance your portfo-
❚ ❚ New Roth IRA tax laws and other timely retirement strategies
lio at least once a year, possibly This article was written by
❚ ❚
with the help of a professional Edward Jones for use by Bill
How understanding your tolerance for risk should influence
financial advisor who is familiar Boughton, Weaverville’s local
your 2010 investment strategy
North Buncombe’s
full service hospital with your situation. Edward Jones Financial Advi-
❚ ❚ Gifting to family and charities without jeopardizing your retirement
providing care for small
• Avoid “emotional” investing. sor.
Edward Jones, its employees and financial advisors are not estate planners and cannot provide
animals and horses
tax or legal advice. This program is informational only, and you should consult with a qualified
tax specialist or attorney for your situation.
Dental Disease in Dogs
and Cats To reserve your seat, call or visit today.
A pet’s oral health is an often forgotten
part of their whole body health. Our pet Leicester Supply Co.
develops dental tartar just like we do.
Unfortunately, tartar often goes on to
cause gingivitis and periodontal disease.
LAWN & GARDEN SUPPLIES
date:
Tuesday, January 12, 2010
These not only cause pain, odor and
tooth loss, but can also spread disease time:
11:30 a.m.
to the whole body by allowing bacteria
Serving the area for 37 years
into the bloodstream. Dental disease has Location: My office located at 61 Weaver Blvd., Weaverville, NC
been linked to kidney disease and other
life threatening illnesses. Taking care of
RSVP: Please call Julia at 645-0341
your pet’s teeth with regular prophylactic
cleanings can help them live a longer and
more comfortable life. Ask your veteri-
Bill Boughton
narian how you can help your dog or cat
Financial Advisor
have a healthy mouth.
.
WE DELIVER
• Mulch - Bulk & Bag
61 Weaver Boulevard
Weaverville, Exit 15 off I-26
• Decorative Rock, Etc.
Weaverville, NC 28787
828-645-0341
Mark Forde, DVM
• Building Natural Rocks
Sue Reinecke, DVM
• Rail Road Ties
645-1616
• Wide Variety of Stone
www.edwardjones.com/outlook
• River Rock
Member SIPC
2929 New Leicester Hwy. 828-683-2079
www.leicestersupply.com
www.weavervilletribune.com
January 7 - January 13, 2010 - THE TRIBUNE 7
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