Covell Financial

3 month CD: 1.50%
FDIC insured

4 year CD equivalent: 4.00%
Tax deferred

Step-up bonds: 4%
US guaranteed, go up .5% every 3 years

Subject to change without notice

There are currently several bills in the Senate and in the House that are being overlooked by the media because of the health care debate.

We do not know what version of which bill will prevail, but it is beginning to look like the exemption may end up being somewhere between $2 million and $3.5 million per person.

An important change is to make the exemption portable between spouses. Currently, we have to use legal documents to make sure both spouses take advantage of their exemptions. If portability passes, then a surviving spouse will get any unused exemption from the deceased spouse.

For more information, see our ARTICLE on the subject.

A new study shows that 90% of Americans who do not have a source of guaranteed income other than Social Security will die broke. The study reveals that Americans who rely on savings and Social Security have very little chance of making it through retirement without running out of money. On the other hand, Americans who have created a private pension for themselves in addition to Social Security have only a 24% chance of dying broke. MORE...

"No single factor has played a greater role in the destruction of people's wealth and retirement plans over the past quarter century than the investment return assumptions on which most advisers and financial services firms base their clients portfolios and their product pitches. The biggest myth is that the stock market returns, on average, about 10% a year. This figure was baked into so many retirement plans that you'd think it was a scientific fact..."
-Forbes Magazine, Feb. 2009

According to the Wall Street Journal, 81 percent of investors with $1 million or more plan to take money away from their current advisor. A surprising 86 percent plan to tell other investors to stay away from their advisor. That is important since investors tend to get advice from each other. The irritation is especially high at the "brand name" firms -the large brokers and banks. Fully 90 percent of clients of brand firms plan to take money away from their advisor. 70 percent plan to leave altogether. Isn't it time you considered using the services of Covell Financial? We are a full service wealth management and advisory service.