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Rockwood Financial GroupThom ShumosicBill McKinnonBob StoutKelly Kramarck
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IN THE NEWS

SMALL-BUSINESS OWNERS SHOULD BE CAUTIOUS ABOUT

Small-business owners should think carefully before establishing a defined-benefit retirement plan funded partially or exclusively by life insurance, caution many financial planners. The Internal Revenue Service is cracking down on what it calls abusive tax-shelter versions of these highly touted plans.

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HOW GRANDPARENTS CAN HELP PAY FOR

One of the best gifts grandparents can give their grandchildren is to help pay for their college education.. A 2003 survey by AIG SunAmerica Mutual Funds found that 54 percent of grandparents were already helping pay college costs or planned to do so. Yet many grandparents don’t realize the most effective ways of going about it, say financial planners.

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USE CAUTION IF EXCHANGING VARIABLE ANNUITIES

If you’re considering swapping an existing variable annuity for a new one, or you’ve been approached to switch VAs, think twice before doing so, caution financial planners and regulators.

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TREASURY BONDS FOR INFLATIONARY TIMES

The smell of rising inflation is in the wind, and some investors are taking a second look at a type of investment they’ve generally ignored during these low-inflation times: inflation-adjusted government bonds.

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