HAPPY NEW YEAR!
The new year always brings resolutions and promises to make this year the year to;

• develop a financial plan
• pay down debt and save more
• get a will
• etc, etc.

What are your financial, business or life priorities for 2010?

Add these 3 items to your New Year Resolution list to at least consider;

• A Roth IRA conversion. Beginning in 2010, anyone can convert existing IRA funds to a Roth IRA. The $100,000 modified adjusted gross income (MAGI) ceiling that often prevented that move is gone - forever. The MAGI phase-out limits for contributing to a Roth IRA will be $167,000 for joint filers ($105,000 for single filers) in 2010. And here’s some good news. If your MAGI will exceed those limits, you may still contribute to a traditional IRA in 2010 and immediately convert it over to a Roth. More good news: if you do a Roth conversion during 2010, you can choose to divide the taxes on the conversion between your 2011 and 2012 federal returns.

• Start a college planning strategy. Many people think it makes sense to use Qualified plan withdrawals to pay for college expenses. While subject to income taxes, these withdrawals can be penalty free when used for qualified higher education expenses. But be careful. Check out the article at the News/Events tab.

• Review your disability insurance. While you are thinking about increasing your saving and investments and paying down your debt, remember everything can come to a screeching halt if you suffer an accident or serious health issue and your income is cut off. Read thru the article at Hot Tips.

Our mission is to help our clients achieve their financial objectives through a long-term relationship with a trusted and knowledgeable advisor. ADAMS & ASSOCIATES takes pride in the variety of investment products available through our Broker/Dealer Cadaret, Grant & Co. Because we have no allegiance to any particular investment product, we are able to focus on the need of our client to choose the appropriate investment vehicle.

We welcome your call today to schedule a complimentary consultation.

Best wishes to you and your family for a healthy and prosperous 2010!