News

The Science of Older and Wiser

Paul Sutherland's April 2104 Current Observations article, Wisdom , referenced the following piece recently published in the New York Times. In it, research is examined to define the cognition of widsom.

The Science of Older and Wiser

Special Report: Closed-End Municipal Bond Funds

The final weeks of 2013 have been quite busy for our investment team, and you may have noticed a pick-up in trading activity. We have been finding a variety of year-end, bargain-priced investments, including one area of the market that is particularly attractive for taxable accounts: closed-end municipal bond funds. We hope that you find the attached special report helpful and encourage you to be in touch should you have any questions or concerns.

Wishing you a very happy and healthy New Year,

The FIM Group Investment Team

Year End Financial Planning Checklist

If you are a high-income wage earner, you should have your tax preparer estimate your 2013 income tax liability. Several new taxes on unearned income (capital gains and dividends), the new phaseout of itemized deductions and the Medicare earned income tax may result in a significantly higher income tax liability for 2013.

If you were 70½ or older in 2013, make sure you have completed your required minimum distribution for 2013. Also, if you have an inherited IRA, regardless of age, you may be required to take a minimum distribution.

FIM Group Sponsors Prestigious Film Event on Poet Laureate

“Poets are guardians of independence,” said W.S. Merwin, one of the world’s most lauded poets, and subject of the documentary film, Even Though the Whole World is Burning. In a private “first” screening event, FIM Group hosted a magical evening, beginning with a sunset reception and storytelling from beloved actor Hector Elizondo and author John Burnham Schwartz. Seabury Hall’s elegant new Creative Arts Center was perfect for this crowd of almost 300 and poignant film.

June Webinar Signup: Currencies, Inflation, Politics and Prosperity

Join us for a discussion and presentation on Thursday, June 27th from 4:00 - 5:00 p.m.

Please join Paul Sutherland as he discusses Currencies, Inflation, Politics and Prosperity. Investing is not a zero sum game - wealth is both created and transferred from the silly, trend-following investor to the savvy, thoughtful, realistic investor. The webinar will focus on understanding how the forces that tend to destroy wealth such as inflation, currency devaluations and such can also increase it.

Renee Egelski of FIM Group Earns Certified Financial Planner Designation

Traverse City, MI, May 1, 2013 – FIM GROUP, LTD. Is pleased to announced that Renee Egelski has been authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board certification and renewal requirements. Ms. Egelski has worked at FIM Group since April of 2006 and is responsible for financial planning and wealth management for clients out of our Michigan office.

Jeff Lokken's recent article in the Wall Street Journal

Jeff Lokken's recent article in the Wall Street Journal: "A Need to Catch Up".

Retirement is an exciting prospect for Miriam Wuensch, but financing it is a scary one.

Ms. Wuensch, 56, says she'd like to retire by 70, "if I'm lucky." But she hasn't had a 401(k) match since 2004, and fears she has too much ground to make up before she'd be able to retire comfortably.

Q&A with Barry Hyman March 2012

Q: I noticed on my most recent statement there is a lot more “idle cash” in money market than normal. Why have so much cash?

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