Park Avenue Wealth Management - Financial Planning, Livonia, MI

Winter 2010 Newsletter Now Available

Nick Hopwood — Wed, 20 Jan 2010 20:26:50 +0000

Drag your mouse over “About us” and then on the drop-down click on Quarterly Newsletter. Our Quarterly Newsletters give you insight into what is happening at Park Avenue/LPL and of course, an update from every staff member!

4th Annual Invest in Others Scholarship Winners Announced

Nick Hopwood — Tue, 19 Jan 2010 21:55:40 +0000

Congratulations to Evelyn Shea, Megan Brown, and Breann Allen, who were selected by our independent selection committee from a dynamic group of applicants. They are awarded the 2009 Invest in Others scholarship, worth $1,000-$2,000 for the 2010 school year.

Evelyn Shea’s $1,000 is given by Gwen Haggerty on behalf of the Ted and Jane VonVoigtlander Foundation and is a Freshmen at the University of Michigan Nursing school. Evelyn is the granddaughter of clients Gil and Alice Dean.

Breann Allen is a freshman at Grand Valley State University, also studying Nursing, and will receive $2,000 from Park Avenue. Breann is the daughter of clients Carey and Debra Allen. Megan Brown will also receive $2,000 from Park Avenue, and is a Freshman at the University of Michigan in the School of Engineering. Megan is the daughter of Teresa Brown and granddaughter of Wanda Caruso.

Park Avenue would like to congratulate each, as they all have shown tremendous commitment to their education and surrounding community. We would like to thank our independent selection committee for their time and input.

Social Security Workshop

Nick Hopwood — Thu, 07 Jan 2010 14:55:33 +0000

Please join us for dinner at the Italian American Club for a Park Avenue Exclusive event! We are pleased to welcome our guest speaker, Fran Savickis, Public Affairs Specialist of the Social Security Administration. Fran will speak about:

- Widow/Widower Benefits

-What happens in divorce?

-General Retirement Benefits

-Disability Benefits

-Survivor Benefits

-General Q and A

When: Tuesday Jan 26 2010 at 6:30 pm

Where: Italian American Club 39200 5 Mile Livonia MI

Dinner: Starts at 6:30 Followed by the presentation

Call 734-432-1966 to RSVP. Your guests are welcome - if you have someone who you would like to introduce to us, this is the perfect occasion!

2009 Invest in Others $2,000 Scholarship

Nick Hopwood — Wed, 04 Nov 2009 19:48:25 +0000

2009 Scholarship Applications are being accepted through November 30. Call the office at 734-432-1966 for the application.

Fall 2009 Client Connection Newsletter Now Available Online

Nick Hopwood — Fri, 30 Oct 2009 15:11:29 +0000

Roll your mouse over “About Us” and click on Quarterly Newsletter to view online.

2010 Roth IRA Conversion Opportunity

Nick Hopwood — Thu, 29 Oct 2009 12:48:52 +0000

2010 Roth IRA Conversion Opportunity

What is a Roth IRA Conversion?

It is when you convert your Traditional IRA to a Roth IRA. The main benefit is the future earnings are now tax-free once in a Roth IRA. However, in order to convert you need to pay income tax on the money coming out of the Traditional IRA in the year it is converted.

Starting in 2010 there are two big changes with regard to Roth IRA Conversions:

Now anyone can convert (previously if you made over 100k, you were not allowed). This change is open-ended.
For 2010 only, the amount converted will not be included in your 2010 income taxes, but ½ in 2011 and ½ in 2012.

So does it make sense to convert your IRA in 2010? Maybe, it depends on your situation. But with these changes listed above, now is the time to start planning and evaluating. Call Park Avenue Wealth Management at 734-432-1966 to rewiew your options today!

Park Avenue’s 4th Annual “Invest in Others” Scholarship

Nick Hopwood — Tue, 15 Sep 2009 20:56:25 +0000

Do you have a child or grandchild attending college now or are they entering college next year? If so, don’t delay! Please encourage them to complete our scholarship application, which can be obtained by calling the office at 734-432-1966. Park Avenue’s selection committee will award two $2,000 scholarships this year, to the students who best meets the criteria.

Act fast! The deadline for submission is November 30, 2009.

Nick Hopwood named to New Hope Board

Nick Hopwood — Thu, 13 Aug 2009 20:29:57 +0000

Nicholas Hopwood, CFP is partner at Park Avenue Wealth Management and has recently been named to the New Hope Center for Grief Support Board of Directors.

A longtime supporter of New Hope and its mission, Hopwood is pleased to take a more involved role with the non-profit. “I am honored New Hope invited me to join the board, and I look forward to adding value to the organization in any way I can,” Hopwood added.

New Hope Center for Grief Support is dedicated to providing grief support services to adults and children who are grieving after the death of a loved one. Founded in January 2000 by Cathy Clough, New Hope has experienced tremendous growth in services and supporters. New Hope’s philosphy is based on Christian Principles. People of all faiths are encouraged and invited to benefit from their grief support services and groups. In April 2009 they moved to their new office at 315 Griswold in the historic Mill Race Village in Northville, MI.

Summer 2009 Newletter Now Available Online

Nick Hopwood — Thu, 16 Jul 2009 19:14:08 +0000

Click here to access or under the About Us tab click on Quarterly Newsletter.

LPL 2009 Mid-Year Outlook Now Available

Nick Hopwood — Tue, 07 Jul 2009 19:44:48 +0000

Click here for the report or click on Research/Commentary.