Business Issues Blog

Summary: Financial Experts Predicting Rapid Dollar Devaluation in a Coming Burst of the “Dollar Bubble”

Denver, Colorado January 12, 2010 – Many news commentators are echoing the same resounding assurance: the recession is over. But not everyone sees it this way. Who’s right? Just look at the facts.

While Wall Street, thanks to the help of the Federal Reserve, rallied for a big end-of-the-year win, at least for top executives, they’re getting big bonuses while Main Street investors suffer. Rising unemployment figures, increased foreclosures and a loss of wealth continue to plague the average Joe.

Times Magazine named Chairman of the Federal Reserve Ben Bernanke, “Person of the Year” for 2009. The National Inflation Association, a grassroots group that warns people of the dangers of hyperinflation, named him “Villain of the Year.”

The Fed’s policies have made the value of the US dollar artificially high and before long the dollar bubble is bound to burst, leading to hyperinflation with prices of consumer goods rising sharply. According to Phoebe Chongchua of the Denver-based Nabers Group, the U.S. is already beginning to experience this kind of runaway inflation.

Nabers Group has issued a warning to U.S. consumers on its blog about the impending devaluation of the U.S. Dollar’s value in a period of hyperinflation.

“Hyperinflation can really be thought of as a silent tax, especially if artificially created by U.S. monetary policy. If the dollars you have today can purchase a fruit punch, a sandwich and a bag of chips but that same money in the future can only purchase the fruit punch, then your money has been devalued—you have lost purchasing power. Ultimately it’s the average middle class consumer who ends up getting the short end of the stick,” says Chongchua.

For most people, the major concern is how to preserve their dwindling wealth. CEO Jeff Nabers, encourages clients to diversify their portfolios using an exceptionally flexible investment vehicle known as the Solo 401k.

“The Solo 401k is designed specifically for a business owner who has no full-time employees. One of the most powerful benefits of the Solo 401k is the plan’s participant loan feature, which offers a tax-favorable alternative to withdrawing money from a retirement plan as a distribution,” says Nabers.

Preserving your wealth doesn’t have to be an uphill battle even as we head into rising inflation and the devaluing of the dollar if people act now to protect their wealth.

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About Nabers Group:

Jeff Nabers has been highly sought after for his financial expertise for several years by countless organizations, including Entrepreneur Magazine, the Los Angeles Times, and Pensco Trust to name a few. As the founding member of the IRA Association of America, he brings integrity back to the business of investing.

Nabers Group (www.Nabers.com) is available to consult with individuals regarding their savings plan, with answers about all aspects of Self Directed IRA and Solo 401k Planning. Those seeking more information on investing their retirement accounts in a Roth or Conventional IRA may contact Nabers Group at http://jeffnabers.com, where there is an abundance of information on investing and finances.

Media Contact:
Phoebe Chongchua, VP of Communications
Nabers Group
621 17th Street, #2100
Denver, CO 80293
Tel: (877) 903-2220

http://www.Nabers.com

Microsoft has launched a Bing app for the iPhone. It’s now available for download in the Apple App store. Of course the iPhone app is not the first mobile experience Bing has offered. There is already Bing for Windows Mobile, BlackBerry, Sidekick and select BREW-based devices on Verizon. Key features of the iPhone app include: – Daily image from Bing.com – Easy to access voice search – Tips and tricks on the home page – “Locate Me” functionality – Ability to add pushpins and save locations – Show multiple locations on a single map “Our investments in voice search (you may have played with them on Windows phones or BlackBerry already) continues in our iPhone App and works great for map locations as well as old fashioned web search,” says Justin Jed of Bing for mobile. “Just say ‘San Francisco weather,’ for a quick result, or even say a full address for a map or directions.

The Interactive Advertising Bureau (IAB) released the 2009 update to its ad unit guidelines today. For the first time, the IAB is bringing in creative agencies for input on ad unit recommendations. Historically, these have only come from media agencies and publishers. “By bringing agencies into the process of developing standard ad units, we have taken a step towards improving the creative output and branding potential for interactive media,” says Randall Rothenberg, President and CEO of the IAB. “Our next order of business is to drive towards adoption of revised standards that we believe will spur increased investment in interactive advertising—we’ve already proven that there is no medium more accountable—now we have to bring all of its capabilities together to tell great stories to consumers—that’s what advertising is all about.” “Being a part of this process gave voice to the creative challenges that agencies faced with the existing standards, ad units, and technologies, and I believe we’ve found a solid way forward in overcoming those challenges,” said Jim Russell, Partner, EVP, Director of Digital Strategy, McKinney. “Our goal was to simplify the existing list and I think we’ve developed a long-term strategy for doing this on behalf of the industry.” The working group created by the combination of creative agencies, media agencies, and publishers is called the Reimagining Interactive Advertising Task Force. The group has updated the criteria for standard ad units. It did so by looking at industry-wide impression count reports, ad unit availability, agency-side effectiveness reviews, and creative preferences. Two recommendations they made are: – In order to be considered a standard, an ad unit must be commonly bought and offered throughout the marketplace; only seven of the eighteen ad units currently on the list meet the new criteria. – Ad units will not be removed from the standard list in 2009, but must meet the criteria by the end of 2010 The whole IAB Ad Unit Guidelines update can be found here . Next year, the Task Force will release the first list of ad units. Related Articles: > Marketing Best Practices for Long Form Video > 7 Behavioral Targeting Privacy Principles > IAB Announces Guidelines for In-Game Ad Standards > IAB Releases Social Advertising Best Practices > IAB Rolls Out Click Measurement Guidelines > IAB Releases Definitions for Social Media Ad Metrics > IAB Releases Video Ad Guidelines

A self directed IRA account frees you up from the usual limitations of a traditional IRA account; namely what you can invest in. You see, ordinary retirement accounts simply invest your funds in stocks, mutual funds, or bonds, and with the current economic scenario, this can be a very risky, if not a losing, proposition. Remember, it is your own future that is at stake when setting up a retirement fund, so you might want to have more say on how your retirement money is invested.

With a self directed retirement account, you set up your account with a self directed IRA custodian. With this type of custodian you are entitled to make your own choices as to where and how your funds will be invested. You can grow your IRA retirement account by investing in real estate (aka real estate IRA), businesses and many other types of investments.

Now, you may be wondering why you have not heard about a self directed IRA from your financial advisor. Well, some financial planners would recommend this type of IRA, but the problem is that the financial institution where your IRA is set up currently does not allow these types of investments. There is nothing wrong with this, except that your investment alternatives are very limited. Besides, some people are simply not cut out to invest on their own.

But, if you have experience in alternative investing or you have an entrepreneurial spirit within you, then a self directed IRA may be a good choice for you and the future of your retirement account. With this setup, you can substantially grow your retirement money without the interference of a traditional IRA custodian. Imagine the number of additional investment opportunities that you may be able to invest in if you work with an independent self directed IRA custodian. On top of the expanded investment options, the gains accrued to your IRA account receive the same tax advantages as you old traditional IRA.

However, it must be emphasized that not all types of assets can be allowed as investments for this retirement account. You cannot invest your IRA funds, although they maybe self directed, in collectibles, life insurance policies or with a disqualified party. If you do, your IRA could be disallowed and you may face savvier penalties.

When setting up a self directed IRA, it is important to consult with a tax professional. If he is worth his salt, then he will know how to properly set up a self directed IRA and use it to grow your funds.  Looking for self directed IRA services, then check out www.SunwestTrust.com.

Is a Self Directed IRA for me? That’s a good question. Are you the type that likes looking for investments and doing your own research? If you answered yes, you should discuss the idea further with your tax accountant or attorney.

Self directed IRAs are not for everyone, but if you know what you want to invest in or have some special knowledge about a specific area of investment you might be able to get better returns than your local stock broker. When you’re ready to do your own investing contact Sunwest Trust, Inc. at www.SunwestTrust.com. Watch our self directed ira videos to learn more…