Included in this month’s edition are articles on:
- Book Review: The Big Secret for Small Investors
- Top Retirement Risks
- Disability Insurance Awareness Month
- LinkedIn IPO Pops
- New Office Location
May Edition of The Wealth Chronicle
May 25th, 2011Disability Insurance Awareness Month
May 23rd, 2011Suffering an illness or injury that prevents you from working for an extended period happens a lot more frequent than people would imagine. It does not have to be the catastrophic event that prevents you from working, it could be slipping on ice walking the dog. On average you have a one in five chance of becoming disabled between the ages of 35 and 65. If you are 30, you have a one in three chance of incurring a long-term disability before you turn 60. You actually have a far greater chance of becoming disabled during your working career than you do of dying. Yet far more Americans buy life insurance than they do a disability policy. The table below compares the probabilities of becoming disabled versus dying for males and females at certain ages.
Everyone that works and earns an income should become acquainted with the concept of disability insurance. We are all vulnerable. One way to think about the potential financial disaster that could lie ahead is to look at either your checkbook or your banking website if you pay bills online. Look at all of the bills you pay each month and visualize how you would pay those bills if you did not have any income coming in. Disability insurance helps replace a major portion of your income when you are sick or injured and unable to work. Most people are quick to insure their possessions, such as their home and car, but do not think about insuring their income. The cost for disability insurance is less than most people would think and I would be happy to explore disability insurance with you to determine if a policy makes sense.
New Office Location
May 11th, 2011Bautis Financial has moved to a new location. It is centrally located in Rutherford on Route 17 North, right off of Route 3 and near the Highland Cross jug-handle.
New Office Address:
301 Route 17 North, 8th Floor
Rutherford, NJ 07070
Office Phone: 201-842-7655
However, please note, the mailing address will remain the same
Marc Bautis
Bautis Financial
PO Box 187
Hasbrouck Heights, NJ 07604
I look forward to meeting with you soon at the new office.
What caused the financial crisis of 2008?
May 8th, 2011There is a lot of blame to go around. Read More
Attend a FREE Social Security Planning Seminar
March 13th, 2011It’s my pleasure to invite you, your family, and friends to an educational seminar regarding Social Security planning titled “What Baby Boomers Need to Know to Maximize Retirement Income.” There are two dates set, please see the full details to the left.
After being told for years that Social Security is “going broke,” baby boomers are realizing that it will soon be their turn to collect. To help baby boomers better understand the Social Security system, this workshop will cover the following:
• 5 factors to consider when deciding when to apply for benefits
• When it makes sense to delay benefits — and when it does not
• Why you should always check your earnings record for accuracy
• How to estimate your benefits
• How to coordinate benefits with your spouse
• How to minimize taxes on Social Security benefits
• How to coordinate Social Security with your other sources of retirement income
The decisions baby boomers make now can have a tremendous impact on the total amount of benefits they stand to receive over their lifetime.
Please click on one of the following links below to register:
Register now for Wednesday March 30 @ Wood-Ridge Public Library
Register now for Thursday April 28 @ Lyndhurst Public Library
If you have any questions about the seminar, how to register, or if you wish to make an appointment for a personal consultation, please contact me at the phone number or email below.
I look forward to seeing you at one of the seminars! Please share this invitation with those you believe may be interested.
Sincerely,
Marc Bautis
Bautis Financial
marc@bautisfinancial.com
201-426-0020 or 201-221-65895
The Wealth Chronicle – Issue #26
March 2nd, 2011Included in this month’s edition are articles on:
- Principles to consider when investing in Dividend Stocks
- An invitation to a free Social Security Planning Seminar
- Company Spotlight – Matt Pastore, CPA
- What to do with your 401k Plan
Unlikely Exports
January 17th, 2011Some of the larger exporting countries in the world like the United States, China, Germany, and Japan are known for exporting everything under the sun.
Other countries are notorious for exporting a specific product:
- Saudi Arabia generates and exports 14% of the world’s oil
- Columbia exports over $2 billion a year in Coffee
- Italyis famous for its exports of food and clothing
Then there are some countries whose main export may surprise you:
- Argentina is the world’s top exporter of Soccer players. In 2010 2,204 Argentina players were sold to clubs all over the world. Brazil is in second place, exporting 1,674. playing abroad. Selling the rights to the Argentina players has generated over $500 million in 2010.
- Cuba has been sending teams of medical doctors abroad not just to win friends, but also to earn hard currency. Cuba has over 37,000 doctors and health workers stationed in 77 countries. Estimates of the revenue Cuba earns from its medical teams is as much as $8 billion a year.
Bautis Financial Soccer Update
January 14th, 2011
The Bautis Financial soccer team clinched their first winning season this week. With one game to go the team’s record is 4 wins, 1 loss, and 2 ties. This season’s record is a great improvement from previous seasons where 1 or 2 wins was the norm. Unfortunately even with only one loss on the season the team didn’t qualify for the playoffs. This is not the NFL where with a 7-9 record you can win your division and host a playoff game.
There are a couple of things you can look at to explain the team’s turnaround this season:
- Chemistry – the team practiced throughout the summer and fall
- Key Additions to the team
- Vinny Marchese – solidified the defense and disproved the theory that there aren’t any good soccer players from Heights.
- Jamie Emma – even though the last game he played prior to this season was for Italian Villa in the North Arlington Recreation league he was solid in net.
- Geovanni the Italian – discovered at the bocce ball courts in the County Park, he gave BF a legitimate scoring threat up top.
The start of next season is approaching soon and the team expects to make a playoff push. A couple of roster spots may open up and tryouts will be held this Saturday and Sunday at Frasse field in Lyndhurst.
December Edition of The Wealth Chronicle
January 3rd, 2011Included in this month’s edition are articles on:
- Is it Time to Invest in Bank Stocks?
- 2010 Referrals
- The Soaring Price of Gold
- Company Spotlight: Carlos Haase
- 2010 Malkiel Book Awards
- New Baby Financial Checklist
2011 Financial Resolutions
January 2nd, 2011January 1st is not only the start of the New Year, but it is also the time that everyone makes their resolutions. Some of the more popular resolutions are:
- Losing weight or getting fit
- Giving up things like smoking, drinking, or sweets
- Spending more time with friends and family
The following are three resolutions that can help get your finances in order:
- Putting together a budget – The first step to getting your finances in order is to get a handle on the money you have coming in and the money that you are spending. There are different options to creating a budget, but probably the best one is the old fashion way of listing all of your expenses down in a spreadsheet for a 3-6 month period. It is painful, but it will give you trends in your spending patterns and also highlight potential areas where you can save money. Another option to create a budget is to use a website application like mint.com.
- Purchasing a Life Insurance policy – Most people would not think about not having Auto or Home Insurance, but Life Insurance is a different story. The number of Americans with individual life insurance policies is at its lowest level in 50 years, and 30% of Americans have no life insurance at all. There are probably different reasons for the decline of Life Insurance, one of them being hardball agents who try to put consumers into expensive policies that may not be the right type of insurance needed. Term Insurance is often enough and the price of term insurance has dropped in recent years.
- Open or Convert to a Roth IRA – No financial tool out there gives you as much bang for the buck as a Roth IRA. There are many places you can go to defer taxes on your investments (401k’s, IRA’s, Annuities, Life Insurance,…), but there are only a couple of tools out there where once you contribute money, you never have to worry about paying taxes on the interest and income again. The Roth IRA is one of those tools.
