Common Sense Strategies for
Successful Equity Management
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If you are living in the Phoenix area and determined to take control of your finances in 2010 here are 5 financial planning steps you can take:

1. Maintain Liquid Reserves. Whether you live in metro Phoenix or anywhere in Arizona, you need to have at least 6 months of liquid reserves available. If you are contributing to a 401k , IRA, Roth or other retirement account and you do not have liquid reserves in a savings account stop contributing to your retirement accounts and build your savings up first. You will incur stiff penalties from the IRS if you need to cash out your retirement plan before age 59½.

2. Eliminate Market Risk from your IRA/ROTH/SEP/401k/403B and position the funds for growth from market rebounds. You never have to take market losses again. Use one of our safe accounts with no fees and 20% matching for our 10-year retirement account. Most of our accounts have more than double the value of the average account in Phoenix. A solid financial planning program should never lose money. Click here to find out how to grow your money with no risk of market losses.

3. Get Out of Debt. Phoenix residents have lost a lot of equity recently and your financial planning program should adjust for that. Most people think you need big chunks of money to get out of debt. We have a simple system that can help you pay off your mortgage early – in 1/2 to 1/3 the time with no change in spending. We can run your numbers for free and show you how it works.

4. Fund a Tax-FREE Side Account. If you are looking to put money away we can show you how to grow your money tax free and access your money tax free as well. All funds are guaranteed against market losses. And if you own your own business we can show you how to fund unlimited tax free accounts through your business. This is a financial planning strategy you will not get from other advisors in Phoenix. Click here to learn how to create Tax Free wealth for retirement.

5. Consider converting your IRA’s to ROTH IRA’s. If you have already lost money in your IRA, it may be a good time to take the losses and convert. We can show you how to do this without having a big cash outlay for taxes. (We can even show you how to get the taxes paid.) Roth’s grow tax free and are tax free on the way out. This is big. Pay a small amount of taxes now and pay none down the road! Also a ROTH requires no minimum distribution so you never have to take money out even after 70.5 and the funds pass tax free to your heirs.

Be determined to take control of your finances in 2010! If you have financial planning questions and live in the Phoenix area our office is conveniently located in downtown Scottsdale. Call us at 480-970-5663. You can also visit our financial planners Arizona section of the website.

I have been getting a lot of financial planning questions from the Phoenix area about IRA to Roth conversion.

Beginning in 2010, you can convert a traditional IRA to a Roth IRA regardless of income level or filing status. With a Roth conversion, the taxable portion of your traditional IRA (deductible contributions and earnings) is normally subject to tax in the year of conversion. However, a special rule applies to Roth conversions in 2010: half of the resulting taxable income is reported on your 2011 federal income tax return, and the other half on your 2012 federal income tax return, unless you elect otherwise.

Consider a husband and wife both 45 years old with 2 kids ages 12 and 14. They have an old 401k valued at $100,000. By converting it to a ROTH they would pay around $25k in taxes over the next 3 years to convert. Now the money is tax free for life.

Without converting and retiring at 65, the total taxes you will have paid by age 80 is projected to be $315,240.
$25,000 now or $315,240 later. There are of course other consideration and we have other ways to get your money tax free as well.

If you live in Phoenix or anywhere in Arizona call me and I can run this calculator and do the basic financial plan over the phone. We can also show you how to set up an unlimited ROTH regardless of the income you make. Denver Nowicz 480-970-5663

1. Protect your reitirement accounts from market losses.
2. Automatically keep your gains when the market is up.
3. Get as much of your money growing TAX FREE as possible.
As no cost financial planners located in Arizona we can help you set up this simple approach…
Over the last 10 years we have helped Arizona residents with a no cost financial planning approach that will grow your money risk-free and provide maximum upside potential. The financial planning strategies we have used have dramatically outperformed the average Arizona brokerage account by over 100% in some cases.

We can also help you grow your money TAX FREE. Many Arizona residents are unware they will be sending 30%-40% of their retirement income to the IRS. Setting up an unlimited tax free retirement account is available to anyone in the Phoenix area who knows this simple financial planning program. Our offices are located in Arizona and you can learn about our financial planning services here.

Check out the statistical probabilities that an event is likely to happen in an average year:

Loss of life: 0.9%
Loss of car due to auto accident: 1.2%
Loss of home due to fire, weather, etc: 1.3%
Loss of market value in retirement accounts: 28%

As you can see the loss of market value is the biggest risk. This statistic is based on the S&P 500 from 1959-2008.
Common sense would suggest you have a built in floor to protect you from market losses using the insurance products we suggest on my radio show.

What about upside? You may have heard you don’t gain a lot in these insurance contracts. This is simply a scare tactic used by the competition to keep you where you are at. I personally have clients that are up over 30% for the last 12 months. All with no risk of market losses.

Call me or email me with questions or to schedule a free consultation. My direct line is 480-970-5663.