Financial Focus Spring 2006
The following article summaries are from the Financial Focus Spring 2006, published by the Alliance of Cambridge Advisors Inc, http://www.cambridgeadvisors.com
Two Ways to Save on Energy Costs
Article by Karen Folk, Ph.D,
CFP
"Is your budget reeling from the increases in heating bills on top
of the cost of filling your vehicle with gasoline? If you are
considering changes to save energy and reduce those higher costs,
the good news is that new energy credits for 2006 can save you even
more. The Energy Policy Act of 2005 authorized a number of new tax
credits for both individuals and businesses. The three most likely
to help the average tax payer are 1) the Alternative Motor Vehicle
Credit, 2) the Nonbusiness Energy Property Credit, and 3) the
Residential Energy Efficient Property Credit."
Alternative Motor Vehicle Credit Estimates include: Toyota Highlander 2WD $2,600; Ford Escape Hybrid 2WD $2,600; and Toyota Prius $3,150. Credit will only be allowed for the first 60,000 vehicles produced by the manufacturer, so if you plan to buy one of these vehicles in 2006, sooner is better.
"Improving the energy efficiency of your home can also yield tax savings for you. Any improvement that meets the Energy Conservation Code qualifies, typically insulation material or any system designated to reduce heat loss, exterior windows (including skylights) and exterior doors or storm doors. Expenses include the cost of installation. Lifetime maximum for all home energy credits is $500 per taxpayer, with exterior windows credit limited to $200."
"Residential Energy Property Credit is equal to 100% of the cost of replacing furnace systems with energy efficient replacements including high-efficiency fruances, heat pumps, and some air conditioners and water heaters."
To read this full article, please go to http://www.ExecutiveBlueprints.com/tips/20060302_finclfocus.pdf
Media Hype
Article by John Einberger,
CFP
"Investment advice is everywhere. It is almost impossible not to
come across a TV or radio show, newspaper or magazine article
devoted to investing. But the question is, how much of this advice
is helpful to you as you try to pay down a mortgage, send the kids
to college, save for retirement, and just meet the day-t-day cost of
living. The nature of mass medium is that the same advice is given
to thousands, even millions, of individuals, all with their own
circumstances, many of which are complicated or vexing enough to
require more-than-average expertise. Remember, it isn't the job of
the mass media to make people good investors. Their job is to create
a popular vehicle for advertising. Set down the remote and put back
the financial magazine. Much of the advice you receive doesn't apply
to your situation."
To read this full article, please go to http://www.ExecutiveBlueprints.com/tips/20060302_finclfocus.pdf
Dealing with Deprivation Anxiety
Article by Bert Whitehead,
MBA, JD and Charles "Chip" Simon, CFP
"Deprivation Anxiety is rooted in the fear of living life without
enough money. Structuring your finances to guarantee sufficient cash
flow, therefore, goes right into the heart of the problem. This is
especially pertinent in the later stages of life. The Cambridge Cash
Flow System uses two strategies to help reduce anxiety in your early
financial years and offers a compelling yet simple approach to
dealing with deprivation anxiety. By aligning your financial
priorities with your emotional needs, adapting to every stage of
your life, and keeping you in touch with your personal financial
system, it reduces stress and anxiety while meeting you day-to-day
financial needs."
To read this full article, please go to http://www.ExecutiveBlueprints.com/tips/20060302_finclfocus.pdf
Financial Focus contributed by:
Tu (Tony)
Bui, PFP
BUI Financial
Advisory LLC
2102 Business Center Dr.
Irvine, CA 92612
Phone (949) 253-4601
tonytbui@aol.com
"Fee Only Planning. The advantage of unbiased advice."
For more information on the Alliance of Cambridge Advisors, please visit http://www.cambridgeadvisors.com, or call toll-free (888) 834-6333
US DAYLIGHT SAVINGS TIME
Sunday April 2, 2006 - Set clocks
forward one hour.
______________________________________________________
Words of Wisdom
"I help my clients reduce their worries about money. I teach them how to
achieve financial freedom, and ensure that their money lasts for the rest of
their life."
- Tu (Tony) Bui, BUI FINANCIAL ADVISORY LLC
"If you want to know what God thinks of money, just look at the
people he gave it to."
- Dorothy Parker
"A bank is a place that will lend you money if you can prove that you don't
need it."
- Bob Hope
______________________________________________________
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About the Author:
John Mehrmann is a freelance writer and President of
Executive Blueprints Inc., an organization devoted to improving
business practices and developing human capital.
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