Teresa Bear

Company: JC Grason of Mesa, LLC
Position/Title:
CFP, CPA, MCA, IAR
Phone:
480-503-0050
E-Mail:
Click Here
Website:
http://www.TeresaBear.com
Facebook:
http://www.facebook.com/pages/JC-Grason-of-Mesa/146137045487645
Twitter:
http://twitter.com/teresabear
LinkedIn:
http://www.linkedin.com/in/teresabear

Bio

Author of the book "She Retired Happily Ever After", Teresa Bear specializes in retirement planning and asset preservation for retirees and their loved ones. Teresa Bear has been a CPA practicing in the area of taxation for over 25 years. Additionally she is a CERTIFIED FINANCIAL PLANNER who combines that tax knowledge with her expertise with investments. She is definitely “Smarter Than the Average Bear!" Investment Advisory Services offered through Brookstone Capital Management, LLC, an SEC Registered Investment Advisor. Brookstone Capital Management, LLC is not affiliated with JC Grason of Mesa LLC.

Video Feed

Blog Feed

Funny About Money

5 May 2015, 5:00 am
Money is both basic and complicated. It enables us to get the things we want, yet people are often reluctant to talk about how much they make, how much they have or how much they pay for things -- even to their own family.

Funny Money George Washington

In fact, according a recent survey of affluent investors:

  • 62% said they do not plan to tell their children about their net worth -- ever
  • The lower their net worth, the less likely they are to tell their children
  • 75% of business owners said they do not tell their kids about their financial situation
  • Of the 38% of investors who did tell their children about their net worth: - 61% said they did so in case something happened them - 56% said they wanted their children to understand the implications of major financial decisions, such as their college choice - More than 50% said they spoke to their children about the family's net worth once they reached age 21 or older
[CLICK HERE to read the article, "Over half of wealthy people don't tell their kids what the family is worth," from Business Insider, March 4, 2015.]
[CLICK HERE to view the video, "The Mistake 80% of Parents Make with Allowance," from Time.com, March 6, 2015.]
One of the newest innovations in money is "virtual currency." The most popular version is bitcoin, which was created in 2009 but no one knows by whom -- the person used the alias Satoshi Nakamoto. That may seem incredible, but bitcoin is no joke. Bitcoins can be used to buy merchandise anonymously all over the world via the Internet with no bank or credit card fees, which is why more and more merchants are accepting them. Furthermore, there are "bitcoin exchanges" in which you can buy or sell bitcoins using different currencies.
[CLICK HERE to read the article, "What You Should Know about Virtual Currencies," from the California Department of Business Oversight, April 2014.]
[CLICK HERE to read the article, "What is Bitcoin?" from CNN Money, accessed March 6, 2015.]
[CLICK HERE to read the article, "U.S. Bank Regulator: Virtual Currencies Could Be 'Revolutionary,'" from The Boston Globe, March 4, 2015.]
Whatever our individual feelings are about money, most people believe it's important to save. The good news lately is that more Americans have increased their savings over the past year. According to a new survey, people with a savings plan are more likely to be prepared in case of a financial emergency (82 percent vs. 48 percent with no plan), believe they are saving enough for retirement (65 percent vs. 31 percent) and are currently saving the difference from spending less than their income (90 percent vs. 50 percent).
Furthermore, the percentage of affluent Americans surveyed who report they have no consumer debt or are reducing their obligations rose from 76 percent to 78 percent over the past year.
[CLICK HERE to read the article, "Good Going, America! You're Saving More!" from Spectrem Group, March 3, 2015.]
Saving tends to be a universal priority no matter what level of affluence people achieve. But when you reach retirement age, you may want to consider converting those savings to a regular stream of income. We can help you evaluate ways to do that.
We are an independent financial service firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. Our firm is not permitted to offer, and no statement contained herein shall constitute, tax, legal or investment advice. Be sure to speak with qualified professionals before making any decisions about your personal situation. Our firm is not affiliated with the U.S. government or any governmental agency.
This content is provided for informational purposes only. It is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference. AE03155031


Beyond the Cold

28 April 2015, 5:00 am

As parts of the country dig out from under the snow this winter, it's important to remember that, despite life's uncertainties, you can always count on one thing: Spring will come.

It may be a small comfort, but it never fails that sunshine, warmer temperatures, blooming flowers, leaves appearing back on the trees and people enjoying themselves outdoors has a calming, hopeful effect on so many.

[CLICK HERE to read the article, "Unrelenting snowfall darkening our moods," from The Boston Globe, Feb. 10, 2015.]

[CLICK HERE to read the article, "How Spring Opens the Mind," from The Atlantic, March 21, 2014.]

This year, economic experts believe there is much to be positive about. 2015 started on strong footing with lower oil prices, higher jobs reports and, according to one analyst, positive indicators that wages are finally going to pick up. While home-buying numbers fell, the average sale price of houses rose. These factors combine for a potential bottom-line impact on household budgets and individual purchasing power. This is great news domestically and abroad, since consumers drive about two-thirds of the U.S. economy.

[CLICK HERE to read the article, "A year of wow," from Fidelity Investments, Feb. 20, 2015.]

Before 2007, there were 10 postwar recessions that ranged in length from six to 16 months. The 2007-09 recession, which officially lasted 18 months, is recorded as the longest and most severe recession in the postwar period.

One of the most important tenets of moving forward with a positive outlook is to remember where you've been. First off, recognize that we survived this latest economic battle. Second, most of us will experience yet another recession in our lifetimes, quite possibly more than one, so it is important to keep lessons learned top-of-mind as we move forward.

[CLICK HERE to read the article, "The Recession and Recovery in Perspective," from The Federal Reserve Bank of Minneapolis, accessed Feb. 27, 2015.]

[CLICK HERE to read the article, "Is the economy different this time?" from Bason Asset Management, Feb. 27, 2015.]

They say the best time to look for a new job is while you have a job. It enables you to better target the next logical step based on career goals and negotiate from a position of power and confidence. The same applies to your finances. As your financial picture improves, it may be a good time to start planning for the future -- both the good and the bad that may occur, like winter and springtime.

Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing insurance products. Our firm is not permitted to offer, and no statement contained herein shall constitute, tax, legal or investment advice. Be sure to speak with qualified professionals before making any decisions about your personal situation. Our firm is not affiliated with the U.S. government or any governmental agency.

This content is provided for informational purposes only. It is provided by third parties and has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation.

If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.

AE03155028


Article Feed

Photo Gallery