Centara News & Features
Published quarterly exclusively
for clients and friends of Centara Capital Management Group, Inc., and Centara Legal Group, APC, this e-newsletter updates readers on the latest news
in portfolio management, estate planning, and tax planning strategies.
Centara Wins the 2007 San Diego Better Business Bureau Torch Award for Marketplace Ethics
On December 4th, Derek Myron, CFP® accepted the highly coveted San Diego Better Business Bureau Torch Award for Marketplace Ethics on behalf of Centara. More than 500 business and community leaders attended the Torch Awards presentation luncheon which was held at the Town & Country Resort and Hotel. This is the third year in a row that Centara has been recognized by the BBB Torch Award Program, having been a Finalist in both 2005 and 2006.
Market Update
Santa Claus flew over Wall Street in December but didn’t drop any presents leaving investors wondering what happened to the traditional year-end rally. Continued weakness from financial and housing stocks kept buyers sidelined for much of the quarter. As a result, the S&P 500 suffered its first negative 4th quarter return in 10 years. After losing 4.18% in November, the index dropped .69% in December.
The New Refundable AMT Credit
Most of you have heard, whether from tax advisors, media or friends, of another way the IRS requires you to determine your income tax liability and to pay this amount if it is greater than the regularly computed tax liability.
Legal Corner
The Cost of Waiting to Plan
More often than not, a client does not approach Centara Legal Group for estate planning advice until well beyond retirement. Typically, it is the passing of a close friend or family member that motivates them to inquire about their own estate matters. While we welcome clients who come in at any stage of life, as any advice is better than none, we encourage clients to plan sooner rather than later.
Settling a Loved One’s Estate: Don’t Try This at Home!
One of the most difficult aspects of our job as estate planning attorneys is enduring the loss of a client. However, we find solace in the fact that we are able to carry out our clients’ ultimate wishes by assisting their successor trustees. Thus, we embrace the opportunity to guide your successor trustees with our trust administration services.
Clients often want to help their children or family members by loaning a sum of money toward things like the purchase of a home, or educational expenses. Clients may know that the IRS generally assumes transfers of money between family members to be a gift and must make a loan to preserve their $1,000,000 gift tax exclusion. However, they do not always understand the tax consequences that may be associated with the loan’s structure.
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Join Senior Relationship Manager Matt Horsley, CFP® and Director of Tax Consulting, Alan Clopine, CPA as they discuss today's top financial concerns. |
Tell your friends and family to listen to Centara on the radio each Saturday morning from 12:00pm to 1:00pm only on Newsradio AM600 KOGO. Listen to archived shows here.
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| Archived Newsletters | |
| Did you miss a previous issue of the Centara newsletter? Don't worry, archived issues from the last year are now available. | |
| Q4 2007 Newsletter | |
| Q3 2007 Newsletter | |
| Q2 2007 Newsletter | |
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Upcoming EquityKey Workshops | |
If you are over the age of 65, the EquityKey program gives you the opportunity to receive debt-free cash without risking any of the existing equity in your home. Learn more at one of these upcoming workshops: Thursday, January 17, 11:30am
Thursday, January 24, 11:30am Tuesday, February 12, 11:30am Thursday, February 21, 11:30am Click any of the links above for more information and to regsiter.
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