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June/July, 2009

Inside This Issue:
  • “Just say NO” when considering putting Real Estate in an IRA
  • Is Real Estate a Wise Investment?
  • I’m Gonna Git You Sucka…
  • When the Economy Gives You Lemons Make Wealth Preservation Lemonade
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To help broaden the scope and reach of the Monitor, from time to time we'll include articles from our colleagues in related professions.  We appreciate their contributions and perspectives.

Welcome
Ralph C. Wileczek
CPA, CFP®, CTFA, AEP

Ralph WileczekIn this issue, the Monitor welcomes guest columnist Ralph C. Wileczek, CPA, CFP, CTFA, AEP. Ralph is a principal with New Penn Wealth Associates in Lawrenceville, NJ.

Ralph is recognized as an authority on financial planning issues and has been published in the Journal of Financial Planning, in other estate planning periodicals, and financial publications.

He was listed as one of the nation's Top 100 Wealth Advisors by Worth Magazine in 2004, 2005, and 2006 and he has spoken at numerous conferences including the 36th Annual Philip E. Heckerling Institute on Estate Planning, where he spoke about Total Return Unitrusts.

Ralph is listed as inventor on two U.S. patents for asset allocation and trust comparison processes. He is a graduate of Temple University with a Bachelor's degree in Accounting and is a Certified Public Accountant, CERTIFIED FINANCIAL PLANNERTM, Certified Trust and Financial Advisor, and an Accredited Estate Planner.

New Penn Insurance Associates provides comprehensive insurance services for their clients in central New Jersey, New York, the greater Philadelphia area, and throughout eastern Pennsylvania.

New Penn Insurance Associates
168 Franklin Corner Road
Building 1, Suite 5 Lawrenceville,
New Jersey 08648
Mercer County, NJ
(609) 844-1102
Toll Free: (800) 927-7475
Fax: (609) 895-0072

Visit New Penn Associates
website at: http://www.newpenninsurance.com/

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Main Street Financial Solutions
21 Route 31 North
Suite A-7
Pennington, NJ 08534
Office: (609)730-9222
Fax: (609)730-9330


Visit our website for more information: www.msfsolutions.com

 

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Brett Danko“Just say NO” when considering putting Real Estate in an IRA
 
By Brett Danko, CFP®
 
With the stock market volatility over the past year, many clients have been inquiring whether it makes sense to put money in real estate.
 
While one of my partners, Tara Conti, explores this general theme further in her newsletter article, I want to focus on one specific vehicle for real estate investment.

I have been asked numerous times over the past year if putting real estate in an IRA (known as a “self-directed IRA”) would be a prudent choice. The short and easy answer to placing real estate in your IRA is a resounding NO for the reasons outlined below.

Read the entire article

 
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Tara ContiIs Real Estate a Wise Investment?
 
By Tara Conti, CFP®
 
I am often asked the question, “Is real estate a wise investment?”
 
My answer to this question is yes, I believe in investing in real estate as an asset class for the long term.

But no, I am not a fan of investing in individual real estate properties as an investment.  

I want to clarify; I am talking about buying real estate as an investment outside of or in addition to your home residence.  
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Mike MinterI’m Gonna Git You Sucka…
 
By Mike Minter, CFP®
 
A number of clients have been reaching out to me lately because the markets have rallied over 30% since the March 9th low. They want to know what we should do to take advantage of this new bull market. They are surprised when I tell them I don’t want to do anything. I’ve contacted other clients because I want them a little more conservative after this run up.
 
Generally speaking, the problem is no one wants to take risk when the markets are going down, but everyone wants to take risk when the markets go up.

This is the reason most investors don’t “buy low and sell high”. Normal human tendencies have them do the opposite because people get emotional, especially when it comes to their money. As the markets go up, investors start building confidence. After a couple investments start making some money, they either add to their positions or buy some additional ones. By the time the markets are ready to reverse, the allocation people have in equities or stocks is too high and the losses are severe.


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Ralph WileczekWhen the Economy Gives You Lemons Make Wealth Preservation Lemonade.
 
By Ralph C. Wileczek, CPA, CFP®, CTFA, AEP
 
Almost mid way through 2009 and we are at one of those wealth transfer, protection, and wealth creation perfect storms again. Simply put, now is one of those rare times that the elements that make for great family wealth planning are all in alignment and it is a very good time to implement strategies that will perpetuate your legacy in ways not available just a few short years ago.
 
If you are interested in being sure that your wealth goes to who you wish while slashing the estate tax burden to almost nothing then this article may provide a wonderful foundation for constructing a plan.
 
 
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Disclaimer: Main Street Financial Solutions, LLC, sends this newsletter as a public service. Information has been obtained from sources believed to be reliable, but its accuracy and completeness, and the opinions based thereon, are not guaranteed and no responsibility is assumed for errors and omissions. Nothing in this publication should be deemed as individual investment advice. Consult your personal financial advisor and investment prospectus before making an investment decision. Any performance data published herein are not predictive of future performance. Investors should always be aware that past performance has not been shown to predict the future. If in doubt about the tax or legal consequences of a legal decision, it is best to consult a qualified expert.