Client Success Stories…
For our 2nd Quarter recap, we want to give you an idea of how we continue to provide effective financial solutions and services to one of our professional clients – Dr. Alfred Dwayne Jenkins, Gynecologist Oncologist, Houston, Texas. Dr. Jenkins is credited with performing the first GYN robotics procedure in the state of Florida, the first dual-console robotics procedure in the state of Georgia, and is named a U.S. News and World Report Top Doctor. To learn more about Dr. Jenkins, please click here.
In 2012 Dr. Jenkins reached out to Baker DMM for help. As a reputable and specialized surgeon, Dr. Jenkins is in constant demand and left with very little time to adequately look after his personal finances. Within his first year as a client, Baker DMM has helped Dr. Jenkins make solid, informed financial decisions that are moving him toward his retirement goals. We appreciate Dr. Jenkins giving us a chance to serve him and look forward to a long and productive relationship working together. We thank the him for allowing us to share some of our Notable achievements made working together in 2013:
- Reduced monthly expenses
- Reduced unnecessary debts (i.e. credit card debt)
- Set short term savings goals & consistently achieve those goals
Total First Year Savings – $27,200
Total First Year Cost – $2,100
Net Return on Investment** – $25,100
** All figures are annualized for remainder of 2013. Actual results could vary. Net ROI does not take into consideration earnings from working with Financial Planner and investing savings.
Dr. Alfred Dwayne Jenkins – “Service excellence is Baker DMMs passion.”
Did you know…
In 2013, only two in five adults (40%) – a proportion that has held roughly steady since 2007 – say they have a budget and keep close track of their spending. More than two in five U.S. adults (43%), or about 100 million people, say not having enough “rainy day” savings for an emergency worries them most, and nearly the same proportion (38%) are worried about retiring without having enough money set aside. The plurality of U.S. adults continue to learn about personal finance primarily from their parents or at home (33%), yet nearly four in five adults (78%) agree – and more than one in four (27%) strongly agree – that they could benefit from additional advice and answers to everyday financial questions from a professional. To read the entire 2013 Financial Consumer Literacy Survey, please click here. If you have questions about your personal finances, we would be more than happy to sit down with you and go over them. You can find some of our client success stories on our website to see what you can expect when you work with us. Please contact us at – 678.640.8512.
Opportunity to preserve land…
Baker DMM is pleased to offer clients and business contacts the opportunity to invest in potential conservation easements through our relationship with an Atlanta based real estate firm. Conservation Easements permanently protect environmentally important land while providing excellent financial incentives to those who participate. If you would like to learn about more about this program, please contact us at – 678.640.8512
Tips for safe deposit box customers –
1. Place items such as documents, photos and jewelry in water tight plastic bags or containers before storing in the box.
2. Keep an inventory at home of all the content
3. Request a box at the upper level, which could prevent flood damage
4. Don’t carry the box key on your regular key ring. Label and leave it in a secure place.
5. Avoid storing cash in the box. Unlike bank accounts, it is not protect by the FDIC.
6. Consider buying additional insurance to your home owners policy to cover the contents of the box
7. Retain separate copies of key documents at home
Source – American Bankers Association, Federal Deposit Insurance Corp, Safe Deposit Specialist
It’s good to laugh…
Definition – Complete vs. Finished
No dictionary has been able to adequately explain the difference between COMPLETE and FINISHED. However, in a recent linguistic conference held in London, England, and attended by some of the best linguists in the world: Samsunder Balgodin, a Guyanese, was the clear winner.
His final challenge was this: Some say there is no difference between COMPLETE and FINISHED. Please explain the difference between COMPLETE and FINISHED in a way that is easy to understand.
Here is his astute answer: “When you marry the right woman, you are COMPLETE. But, when you marry the wrong woman, you are FINISHED. And when the right one catches you with the wrong one, you are COMPLETELY FINISHED!”
Credits: There are many versions of this joke floating around the internet. We could not verify the authenticity of this story so it is likely a made up story. We are not aware of the original creator of this joke.
It’s good to smile…
And it’s good dream…
“So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable.” Christopher Reeve, 1952 – 2004
We thank you for taking the time to review our 2nd quarter recap.
Chris Baker, CPA, Managing Director
Phone – 678.640.8512