North Polk parents to trysomething new to raise funds
This year, North Polk’s junior parents are taking a page out of the Ballard junior parents’ playbook when it comes to raising funds to support “after prom.”

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Centrica: much better news than critics suggest
Sir Roger Carr, the chairman of Centrica, will need all his silky skills this week when he announces record profits at the company that owns British Gas.

Read more on AFP Telegraph Finance News via Yahoo! UK & Ireland Finance

Retirement Planning a Top Reason for Seeking Independent Financial Advisors – IFA’s
The latest report from Unbiased shows that more consumers are seeking independent financial advice in January with nearly triple the amount of searches compared to December last year

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Gary Sheffield Announces Retirement After 22-Year Career, Starts Hall of Fame Debate
Here comes another question mark for the Hall of Fame ballot to debate for years to come. Gary Sheffield officially announced his retirement on Thursday after last playing for the New York Mets in 2009, the New York Post reports. “I wanted to retire after I played for the Mets,” Sheffield told the Post. “My family said wait one year, that there was no need to rush it. I gave it a year and now it …

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Armstrong formally announces retirement
* Armstrong confirms retirement

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Retirement systems tangle over benefits
A twofold legal dispute between the Municipal Police Employees’ Retirement System of Louisiana and the City-Parish Employees’ Retirement System carries a potential monetary liability in the millions of dollars, the parish attorney said. The first issue is whether 15 former legal investigators with the Parish Attorney’s Office should have been included in a shift in 2000 from the city-parish …

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I file married filing jointly – what is the income cut off for donating to a roth? Husband is self- employed and no retirement plan – he puts his in a traditional ira – what is his cut off

Many people are worried about inflation in the near future and how this can affect our cost of living. Oil and energy are on the rise and with interest rates at a all time low. This is a valid concern that needs to be addressed. Those of us that are in the work force today should be concerned with inflation, however it will not have as much devestating affect us than on those that are retired or soon to be retired. If inflation goes up, so will our income. Retirees on the other hand have a set limited income base on which to live on and inflation can cause them to make major adjustments. If retirees have their money in the market they are exposed to the huge up and down swings the market has been experiencing the past few years. Alway remember that the market is a gamble, it has potential to grow fast, however it also has potential to have huge loses. Do you want to put your nest egg in this type of predicament.

I would strongly recommend against this strategy.If retirees have money in a bank CD, they have seen their return go from 5% to 1.5% in the past 5 years. Not a good source for income if you interest keeps dropping so does your income. Example a $100,00 CD at 5% payes $5,000 a year in interest, the same CD at 1.5% pays only $1,500 per year. If you were relying on your interest as a source of income, you income dropped from $5,000 a year to only $1,500. Thats why we recommend to consider a guaranteed pension style income. This type of retirement plan eliminates the worries about inflation, stock market volatility and low interest rates. You know that once you retire you will get a guaranteed paycheck for as long as you live. Knowing exactly how much money you can count on every month will make it easy for you to design the retirement life you want.

This year with the new law that allows us to rollover our qualified IRA’s and 401(k)’s into a Roth, with two years to pay the taxes owed. This will make retirement even better if no income tax has to be paid on income from our retirement accounts. So for some not all, you can roll over you retirement accounts into a tax-free retirement account, develope a pension with this money were you will recieve a guaranteed income check for the rest of your life and that money in turn will be also tax free.

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Wow it does’nt get better than this. If you are interested in finding out how this works and if its a good solution for you, then just e-mail us atadolfo@adolfogroup.com and we will send you some information on it. Take Uncle Sam and Inflation out of the retirement equation.