|
|
Brought
to you by:
|
| McCormick Klessig & Associates
|
|
About Our Firm:
|
McCormick-Klessig & Assoc., Ltd. provides individuals, families, small and medium sized businesses with complete coverage of personal and business risks in all product lines: Commercial Personal Life Accidental and Health ( including group products).
|
| QUOTES from
the
Masters... |
| On Planning |
On Wisdom |
| "The
reason why most people face the future with apprehension instead of
anticipation
is because they don't have it well designed." -– Jim
Rohn
"Don't
just do something, sit there! Sit there long enough each morning
to decide what is really important during the day ahead." -- Richard
Eyre
"Failing
to plan means planning to fail. What are your goals?" -– Brian
Tracy
|
"Wisdom
too often never comes, and so one ought not to reject it merely because
it comes late." -- Felix
Frankfurter
"To
make no mistakes is not in the power of man; but from their errors and
mistakes the wise and good learn wisdom for the future." – Plutarch
"True
wisdom is less presuming than folly. The wise man doubteth often,
and changeth his mind; the fool is obstinate, and doubteth not; he
knoweth
all things but his own ignorance." -- Akhenaton
|
|
Do You Still
Have Enough Life Insurance?
|
Failing
to consider the impact
of inflation could result in a gradual erosion of the purchasing power
of your life insurance program!
|
Impact
of Inflation in 2009 on $100,000 of Life Insurance
|
Year
$100,000 of Life Insurance
Purchased
|
Average
Annual Inflation
Rate Since Year Purchased*
|
Total
Insurance Needed
in 2009 to Equal the Purchasing Power of $100,000 of Life Insurance
|
Additional
Life Insurance
Needed in 2009 to Maintain the Purchasing Power of $100,000 of Life
Insurance
|
|
1980
|
3.8%
|
$294,933
|
$194,933
|
|
1985
|
3.1%
|
$208,069
|
$108,069
|
|
1990
|
3.0%
|
$175,351
|
$75,351
|
|
1995
|
2.7%
|
$145,207
|
$45,207
|
|
2000
|
2.9%
|
$129,342
|
$29,342
|
|
2005
|
3.3%
|
$113,868
|
$13,868
|
* Based on the
Consumer
Price Index - All Urban Consumers (CPI-U) - December to December; Base
Period: 1982-84 = 100
No
adjustments have been made for changes
in financial obligations, loans, income, standard of living, number of
dependents, etc. The additional life insurance amounts
illustrated
above simply restore the original purchasing power of a $100,000 life
insurance
program.
Is it time to
review your life insurance program?
|
|
|
| MESSAGES
from
the Masters... |
THE
DIFFERENCE BETWEEN PARENTING AND BEING A MOTHER OR FATHER by Michael
Grose
Being
a mother or father is different than being a parent.
Parenting
is a generic term that refers to a set of behaviors that we engage in
to
raise our children. It refers to the environment that we try to
establish
as adults and a set of behaviors that we engage in to raise our
children.
While most people would agree that raising kids is a deliciously
irrational
experience, the art or craft known as parenting is irrefutably
rational.
A child does X so parents do Y. A parent does C in the hope that a
child
will do D and so forth. Very logical and rational.
Being
a father or a mother is not about rationality. It is steeped in
emotion.
That is why it is so difficult to raise our own kids. It easier to
raise
a neighbor's children – we can see exactly what they need. But
our hopes,
dreams, fears and anxieties prevent rationality when raising our own
children.
However,
it is the emotion involved in being a father and mother that makes us
go
out on a limb for our kids, worry about them and devote all of our
physical
and mental resources if necessary for them.
There
are times when being a parent is contradictory to being a mother or
father.
For
instance, the parent in me says that it is good for my child to
struggle
a little, become frustrated at times when trying to learn a new skill.
The struggle strengthens him or her and promotes resilience. That's the
logical side of me. Yet the father in me wants to protect my child from
hurt or harm and smooth the way as much as possible. This response is
even
stronger when it comes to my daughter as fathers are very protective of
their daughters and tend to be harder on their sons. That's the father,
not the parent reaction.
Kids
use this language in the same way. They usually refer to their mother
and
father as 'my parents' but singularly, it is always 'my mother', 'my
father'
or just 'mum' and 'dad'. They know the difference between mum and dad
and
parents. Parents are those people who raise them, nag them to do
homework,
feed them and do all those managerial type duties, but it is their
mother
and father who they feel attached to, and who is their source of
self-worth.
My
son recently turned seventeen and I responded to this event as both a
parent
and a father. The parent provided presents and a ritual to celebrate
the
occasion. That is what parents do. The father in me reacted quite
differently
- with paternal pride and happiness and a tinge of regret that my son
is
growing away from me. It was quite a strong emotional response that is
not really covered in any parenting manual. And I recalled one of
my favorite moments as a father when I overheard my son, who was four
at
the time, say three little words to his pre school friends, "That's my
dad."
"That's
my parent" just doesn't sound the same!
|
We
don't want to add to your e-mail clutter! If you do not enjoy
my
newsletter, just reply to this e-mail and ask to be removed or call my
office. Thanks!
The purpose
of this newsletter
is to provide information of general interest to our clients, potential
clients and other professionals. The information provided is
general
in nature and should not be considered complete information on any
product
or concept described. For more complete information, please
contact
my office at the phone number above.
Quest Capital Stratagies
25231 Paseo de Alicia, Suite 110
Laguana Hills, CA 92653-4615
(800) 527-9989
Member FINRA and SIPC FINRA is located at www.finra.org.
SIPC is located at www.sipc.org.
|