Newspaper Archive of
The Julian News
Julian , California
June 29, 2011     The Julian News
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June 29, 2011

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8 The Julian News FinanciaiFocus 00]wa00lJones MAKING SEN OF iNVESTING Put Financial e50Ma00ost#104 Ramona, CA 92065 "Windfall" to (760)789-2804 Work Yvonne P. Catton Like many people, you may dream of a day in which you get a sudden infusion of wealth. Realistically, you know that you&apos;re probably not going to win the lottery. But you could get an inheritance. And, depending on its size, it could give you an enormous boost toward achieving your long-term financial goals - if you use the money wisely. One of the smartest moves you can make may be to do nothing at least, for a while. Many financial experts agree that it's a good idea to wait six months to a year before making any major financial or investment moves related to an inheritance. You won't want to let emotions dictate these kinds of decisions, so take your time. Consider putting the funds in a money market fund, a Certificate of Deposit or a short- term bond; you can get a decent return, and you'll have access to the money when you're ready to use it. Furthermore, you may need some of this money handy to pay any taxes that might accompany your inheritance. Look for liquidity, growth and income Once a reasonable time has passed, you'll be ready to put your inheritance to work. No matter what your individual situation looks like, you can almost certainly benefit by adding elements of liquidity, income and growth to your financial holdings, How can you do this? Let's look at some possibilities: Liquidity for emergency fund - If you haven't already set up an emergency fund containing three to six months' worth of living expenses, you might want to use part of your inheritance to do so. Once you've established this fund, you won't have to dip into your investments to pay for unexpected costs, such as a major car repair or a new appliance. Keep your emergency fund in a vehicle that offers quick access and a decent return, such as a money market fund. Growth for retirement accounts If you invest part of your inheritance in a high quality, diversified array of investments, you can greatly accelerate the progress you make toward a comfortable retirement. For example, if you couldn't afford to "max out" on your 401(k) plan at work because you needed to keep your take-home pay at a certain level, your inheritance might help. And it may also give you the ability to contribute the maximum to your Roth or Richard Nichols Takes A Road Trip Richard Nichols show off the copy of the Julian News he purchased at our office, on his trip to Santa Ysabel, promising to make it all the way to Ramona next time. VICTORIAN CLASSIC // // JUdYs Vona PLEASE SPREAD THE WORD! Join the fun! You can follow Reunion 2011) or at Classmatesxom Send checks to: Wayne Mushet 758 Murray Drive / El Cajon, CA 92020 619-463-1793 GO TO JUHk) Peaches-Class of With three (Julian HighSchool 40th June 25, 2011 June 29, 2011 Traditional IRA. ]ulian Land For Sale Income from dividends- To = increase, your current income, = consider using some of your 1 ACRE - High Desert, Shelter Valley, Terraced building site, Flat and usable - inheritance to invest in stocks that pay dividends. Due to recent changes in tax laws, dividends are now taxed at a maximum rate of 15 percent previously, they were taxed at your current income tax rate. (This 15 percent rate is effective through Dec. 31, 2008.) Look for stocks that have regularly increased their dividends, year after year. Keep in mind, however, that stocks are subject to market risk, including the potential loss of principal invested, and they may not always pay dividends. By following these suggestions, you can get the most out of your inheritance. Of course, before you invest your inheritance, you'll want to consider your risk tolerance, time horizon and investment goals. When you invest wisely, you'll be showing respect to those who left the inheritance to you in the first place. Mompreneurs continued from page 3 launch a business." Bailey offers prospective entrepreneurS these tips to getting started: Determine dedication level. Decide whether your passion is a business or a hobby to determine the time, money and resources that you are willing to dedicate. Do your homework. Search the Internet and store shelves to see if your idea already exists. If so, think about how your product can answer a need that existing ones don't. Test the idea. Get the input of your target consumers by hosting an informal focus group. Write a business plan. Even if it's a simple one-page outline, consider the following: What will you produce? How will you manufacture it? How will you market and sell it? What is your exit strategy for the business? Find a mentor. Online communities of successful women can offer support, insight and guidance. Discover capital in untapped sources. Look for unique funding Sources such as brand- sponsored grant programs. $33,000. 1 ACRE - Seller will provide County Approved septic layout - $50,000. 1.19 ACRES - Recently surveyed, Nice building site with existing septic system, all utilities available, Harrison Park - $119,000. 2.5 ACRES - Fabulous View and Privacy - $59,000. 2.5 ACRES - View from Coronados to Catalina, Driveway and pad roughed in, Water meter, Seller is motivated to negotiate All CASH Offer - $85,000. 2.5 ACRES - Water meter, County Approved 3BR septic layout, Great view, Approved house plans - $110,000. 2.5 ACRES - Paved roads, Underground utilities, Approved for 3BR,Large Oaks - $150,000. 2.5 ACRES - Gorgeous Wynola Estates Parcel, Seller will provide CountyApproved 3BR septic layout. Cedars, Oaks, Manzanita - $158,000. 2.5 ACRES - Approved septic layout, grading plans, building plans, water meter, all utilities, Big oaks, Paved road -$219,000. 2.63 ACRES ' Very private with rural views, Seller will provide Approved County septic layout. $135,000. 2.97 ACRES - Unobstructed view property, From Mt Palomar to the Salton Sea, Water meter, County Approved for 3BR residence, All utilities + Cable - $199,000. 8 ACRES - Driveway and pad roughed in, County Approved for 3 BR,Terraced for orchard, Area for Pond, Huge Pine Tree, Oaks, Manzanita, View from Mt Palomar to Ranchita - $319,000. 12.9 ACRES - Pine Hills Area, Very private at the end of the road, Large expansive views, Will trade + CASH for Julian Residence - $289,000. Apple Junction Real Estate, Inc. Paul Bicanic Owner/Broker Active 30 years full time Julian Real Estate 760.765.2878 / 760.484.7793 2002 Manufactured Home in Golden Nugget Park. 2 Bedroom, 2 Bath, 1644 .s.f. + Bonus Room (Could be 3rd Bedroom). Wood Burning Fireplace. Fenced yard. Two (2) Decks. View of Meadow, Pines, Oaks. Walk to Town. $495 Space rental - Trash Water, SDG&E extra. $130,000 Huggies offers grants, annually awarding a total of $250,000 to 12 morn entrepreneurs. Named "Momlnspired," the program provides resources and funding to women-owned business startups and new products inspired by motherhood. Leslie Espowe, one of the first grant recipients, recognized a parenting need and developed a solution with her hands-free, waterproof WateRoo infant carrier, now marketed under the Lucky Ducky Baby brand thanks to her grant money. To be considered for a grant, moms must submit an application online by June 30. Twelve individuals will receive $15,000 in funding to support their idea or business. Interested morns, 21 or older wllo live in the U.S., can visit www. HuggiesMomlnspired. com to apply. As Heard On The Streets Of Julian by Eric Stamets Statue For Washington And Main If you go back east or to the south, just about every little town has some sort of commemorative statue in its square. Julian has no statue and it would not be accurate historically because it never has had one as far as I know, although it would be accurate as to the time period. Ideas have popped up from time to time on how to use the polluted corner where the Chevron station once stood, most involved in getting the owner to donate the property for a park and even some propose a bandstand gazebo which certainly is not historically accurate at all for Julian. The most historical use would be to put the Bailey's Barbeque building back in its original position on the corner and have someone that resembles Henry Silvers play records on a phonograph on the bench out front. It was actually approved for a single building to function as a coffee establishment like Starbucks but has never come to fruition. The gasoline in the water at this location could make for a very fiery blend of coffee. A statue would allow someone to use the property at sometime for something else without getting in the way. Most people suggest a statue of Drury Bailey, founder of our town and maybe one of Mike Julian, our town's namesake. You ask where would the money come from? Well you have to understand even with all the governmental cuts, they still have money to burn (as in squander). The federal arts commission has to spend some money to justify their pay. The only trouble is the statue has to be classified as sculpture and the figures would have to be nude or it isn't art. If the statue is nude, then it also qualifies for California state funding for sex education, which can't be touched for fire protection or police. The biggest financial problem would be to pay the required state employee who would be at the statue to comply with the California sex education requirement and prevent parents from hiding their children's eyes. The most popular pose proposed is that of Drury coming out of Coleman Creek where he had been skinny dipping and is probably the most historically accurate suggestion. On line Tax Audit Representation Return Preparation QuickBooks Training & Setup Incorporation Services Business Planning 619-445-5523 ph 619-445-1421 fax i ' , 111 New orients only Yvonne P Catton Financial Advisor 850 Main St #104 Ramona, CA 92065 760-789-2804 www.edwanljones,com ,00lwardJoned MAKING SENSE OF INVESTING ANTHONYJ, ROMAN0 Att0rney-At-Law Real Estate, Estate Planning, Business and Water Law (619) 696-9916 1901 First Avenue, Suite l l 0 San Diego, CA. LOG HOME? NEED FINANCING, REFI ? I SPECIALIZE IN LOG HOMES, DOME HOMES AND BACK COUNTRY CUSTOM MORTGAGES, FHA, VA, CONVENTIONAL, MANUFACTURED, MODULAR REFERENCES AVAILABLE MORTGAGE LENDER Mike Me BACK COUNTRY SPECIALIST NMLS#: 226000 619-561-6241 FAX: 619-749-3667 7 E LMAILL: 61M9 -3 16-J7H32p  M 6370 LUSK BLVD, F209 | SAN DIEGO, CA 92121 t'| Licensed by the Department of Corporatio under the  m Califomia Residential Mortgage Lending Act B13-G 5 96 N i LIARS & DYER, CPAs, LLP ) CERTIFIED I UBLIC ACCOUNTANTS hu'om Tax and Accounting . Full Service Firm Rebecca Luers, CPA Jan D,er, CPA M:stt r fgrec i ]:xatim Personal attention to ),our special needs X'3<nota renter 4367 Hwy 78, Suite" 112 P,O. Box 1934 Julian, CA 92036 Tel: 760 76-O343 Fax: 760 76vO1O Emait: rebecca@lnersclPa om , Checking Savings i Home Equity Business Banking 2033 Main St., Julian i 765-2765 Member FDtC Rabobank  " ..... T"r1'" r 7-<-: -7 ]rll rr:,r ..... . r,l,.  ,'>,  !ii. 1 -',',- ...... i :1:!,! 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