Seminar to highlight money management

Oct. 5, 2011 at 5:05 a.m.

The Texas AgriLife Extension Service of DeWitt County will host a Money Management Seminar on Tuesday.

The seminar is particularly important with the increased leasing and drilling activity in the Eagle Ford shale in the past year.

The seminar will be 6-8 p.m. Tuesday at the Friar Ag Center in the Cuero City Park. Registration fee is $25 per person.

"What is a good investment in today's economic condition," asked Wayne A. Hayenga, professor emeritus, economist and attorney from the Texas AgriLife Extension Service.

It depends on the person's goals.

Are you investing for income, or are you investing for asset protection, or are you investing for another reason?

Considerations that go into these decisions include a person's risk preference, tax bracket and the amount of time available to make investment decisions.

Selecting an investment adviser is often difficult because an investment adviser may have a different goal than the investor.

Uncle Sam is always interested in how the investor is doing - he sets the tax rules. Grandma may be interested, and properly so, in investing in tax free municipal bonds, but the same bond may be totally inappropriate for her working grandchild, particularly if the grandchild has a retirement plan.

Are mutual funds a better deal than individual stocks and bonds? Again, it depends.

And do you want to give the investments to an heir, or do you want to share with a charitable institution.

Topics such as these, and income tax and estate tax considerations will be discussed at the seminar to be conducted by Hayenga.

To make reservations, call the DeWitt County Extension Office at 361-275-0816 by Friday.



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