Park Record | 2000-11-08 | Page 26

B-8 The Park Record Wednesday, November 8, 2000 Talking Shop Women and investing by John Jaicks RECORD GUEST WRITER Not so long ago. the majority of American women left their financial finan-cial affairs largely in the hands of husbands, fathers or other male relatives. Even though a households house-holds day-to-day purchases were usually made by wives and mothers, moth-ers, most of a family's major financial finan-cial decisions were handled by men. Changes This financial dependence, however, has begun to change. Today, more and more women work outside the home, earning more than ever before - although on average still not as much as their male counterparts. Similarly, the number of businesses owned by women has never been higher, and ni3ny women occupy top executive positions within some of Americas leading corporations. Despite these gains - and although women have become an economic force in their own right - in many cases they are not nearly as comfortable com-fortable w:th investing as are men. Women, regardless of income level, can help narrow this gap by-taking by-taking control of their own financial finan-cial futures. Just as making money is a process that has to be learned, so, too, is managing its growth. As you will read, knowledgeable investing is an essential skill few women can afford to be without. Gender differences At first glance, investing mav Internet appliances will take hold soon Continued from B-7 They dent do everything a PC does; they arent supposed to. The home version - typically called Internet or information appliances - are devices that have been optimized for a particular function. For instance, as a kitchen appliance your toaster is great at cooking bread slices, but lousy at n ashing dishes. 3Com just released an Internet appliance called Audrey - adept at email functionality, function-ality, but worthless for data processing. pro-cessing. 3Com touts Audrey (at $500 Usf) " as a simple, convenient kitchen or family room "nerve center" for home users desiring one-touch access to e-mail. Internet channels, a family calendar, calen-dar, address book - plus the ability to synchronize information with Palm PDAs. It's not designed to be a surfing machine or a word processor the kids w ill use to write school papers. If an easy-to-use family message mes-sage center with quick access to Tax Masters, Inc. "More than a seasonal tax office." Accounting bookkeeping, payroll tax preparation and tax planning for business or indrviduai, no job too big or small. Your office or ours, cafi for t free consultation to see if we can save you money and time 1 -4 35-658-1040 tViinmiii in linr-BBnlniim-irmiilirWiiiinilmrTfairlliiii minimi Real Estate Appraisal Services Land Condos Homes PMI Sean P. Raitton State Certified Residential Appraiser. Orders and quaes online at vwAv.reasreasutah.com [phone] Ummkhum iVm.,1 I c ABC DesignBuild Team 435-940-9566 or 888-649-S407. Complete drafting & blueprint service. ser-vice. Will work closely with customers on designs, remodels, new construction construc-tion ranches & barns. NO OB TOO SMALL! Licensed Child Care 24 Hours. CPR 1st Aid. Pre-Scnool program. pro-gram. Spanish lessons. Excellent references. ref-erences. 23 yrs. Exp. 435-654-9705. Drop-ins, FA, PT welcome. Valley Mental Health 649-8347 Mental Health, Substance Abuse, and Prevention Services. Furl range of outpatient services available by licensed professionals, nctoding. iixfividual, family and group treatment. treat-ment. Medication management and psychiatric support services. Educational classes and resource library. Sliding fee scale. 1753 Sidewinder Drive. m ' f ' ,f IMP t - seem to be an entirely gender-neu-tra! process. Such an assumption, however, overlooks the unique obstacles faced by women as they try to attain their financial goals. For example, most women face a more challenging path to retirement retire-ment than men. due in part to their longer life expectancies. Because a woman will live, on average, about seven years longer than a man, her retirement fund will have to last correspondingly longer. Compounding the problem, prob-lem, women in general earn less than men and are more likely to interrupt their careers in order to help raise a family. These factors not only reduce their earnings over the course of a lifetime, but also have a serious negative impact on their retirement benefits bene-fits such as Social Security payments pay-ments and company-sponsored pension plans. In addition, as the number of single-parent households headed by women w ho either choose not to marry or w ho are divorced continues con-tinues to grow, it "s clear that most women will spend at least part of their adult lives alone.' This fact is reason enough to put the creation of an investment plan at the top of every woman's "to-do" list. Getting started Having an investment plan can weather, news and local event listings list-ings has appeal, Audrey delivers. It has a small form (not the huge PC footprint), a nice design, and it comes in several colors. Family friendly features include: E-mail versatility. Audrey lets you type a message, use the stylus to write it by hand, or send it via voice. The device's flashing green lights automatically let you know you have new e-mail without needing need-ing to check in. Calendaring efficiency. Again, you can type or scribble entries on a datebook. You can also set an atarm to go off as a reminder before an event. 1ft straightforward, straightfor-ward, easy interface that could help keep a family organized - if everyone committed to using it. Some people will have trouble switching from their current wall calendar or dozens of notes stuck under refrigerator magnets. - Millions of families use AOL and MSN as their Internet service providers. Audrey's lack of support sup-port for AOL and difficulties connecting con-necting Audrey to MSN will be a Mediate Don't Litigate Resolve Marital Issues Out of Court! Greater than 90 Success Rate Quck and inexpensive Results Free Consultation Mediation USA [phone] ext. 77 w,k. liA Hekl Wshup MA Fee only financial and tax advice, tax preparation, rvestmer advice, special needs piarmng, debt counseling, budgeting, bud-geting, and record keeping FREE nrtial consultation. 645-7455 vvvvvr.cafTibrkjgeacKisors.ccim ,1 IJJWU II ..lipi.lJ....-IMMMIII.pjJWIII.IIil jpa r., ! Peterson Engineering Consulting Engineers and Land Surveyors 25 years experience Phone [phone] Fax: [phone] Construction Staking, lot surveys, topographic surveys. Judy K Haniey IUTCF Insurance agent Farmer's. Auto, home. We. business, health insurance. 12 Holiday ViSage Mad, Park City, UT 84060. Business [phone], Home [phone], Fax [phone]. [phone]. Reatform Inc. Artist aSy design, custom built cfcmb-ing cfcmb-ing surfaces for your home or office, outdoor boulders, in door walls, wood or concrete Total Packages, (801 ) 274-7222. 274-7222. www reaHorm com increase any womans sense of self-reliance and economic security. securi-ty. But how and where do you start? Checking the newspaper for a locally-sponsored financial seminar semi-nar is an excellent first step. In the interim, you can begin drawing up a basic plan on your own. Start by objectively examining your current financial status, then, with the help of a financial adviser, work out a practical means of reaching your financial goals. Take into account your income and spending levels, the cost of living and your projected investment returns. Be sure the plan remains flexible, flexi-ble, in order to deal with unexpected unex-pected life changes, and review it at regular intervals. Traditional methods of savings such as interest-bearing bank accounts and CDs may not provide pro-vide a sufficient rate of return to meet your long-term financial goals. Fortunately, many alternatives alterna-tives exist. Every investment vehicle has its own advantages and disadvantages disadvan-tages and these should be fully examined before any investment decisions are made. Regardless of which vehicles you choose, it's important to begin following your plan as soon as possible. The next generation Looking ahead, one way in which women can help their daughters and sons prepare for a fiscally responsible adulthood is to start their financial education at an early age. As is true when learning any new skill, the earlier your son or daughter begins their lessons on finance and investing, the better the results will be. They should not be expected to master a consoli major hurdle that could turn off a lot of users. Like a television, the device has a knob you turn to get various Internet channels. It comes preprogrammed pre-programmed with AccuWeather.com, ABCNews and several others. Click on some of the channels, though, and all you get is a "coming soon" message. mes-sage. Eventually you will be able to add your ow n channels. Button confusion. Do you poke it, press it or turn it? There are three different kinds of buttois on Audrey's exterior, plus several conventions on the touch screen. It may take time for new users to get them straight. The tiny keyboard key-board will also be a challenge for those accustomed to the full-size version. As a message center, Audrey has potential; broadband support and Palm synchronization are major pluses. Audrey wont replace a PC, but that's not what the device is about. Watch for this category to explode very soon. AT YOUR A guide to VarY Citys Searte Lawn Service Mowing and fertilization programs. Professional, Affordable, and Rekabie. Commercial and Residential 1-877-361 -541 9 pytflFti! "1 Slack Special! Massage 13999. Call 435-640-3940 1912 Sidewinder Dr. Suite 108. IHC Physician Croup Family Practice 658-01 79 Joseph H, Berman, MD George A Joseph, MD Board Certified Short Waiting Times Urgent Care Radiology and Laboratory Services Physical Therapy Most insurance plans accepted 1612 West Ute Blvd. Suite 1 12 at Kimball Junction, Park City Moran Eye Center, University of Utah Summit Health Center 658-1 390 Ciphthalrrotogy John B. Fassio, M.D. Orthopedi c Sports Medicine and Spine Surgery Les Hams, MD Park City 649-7407 1600 Snow Creek Drive Next to Dan's Parti City Family Hearth and Urgent Care Center 1665 Bonana Drive 649-7640 Open 7am to 1 1pm 7 days a week for urgent care. Apportrnenb 8n to 7pm MorvSat Adult and Pedutnc Mecfcal Care Family Planning, Urgent Medical Conditions and Trauma. Joseph Aihano, MD Robert W. Barnett, MD Cress R. Bohnn, MD Robert J. Even, MD Joseph Ferrtter, MD ' Chris Hays, MD Elizabeth Martin, MD AmJlfif PfdjatAvrrwie. Robert L Wmn, MD dated balance sheet before leaving middle school, but basic concepts such as assets, liabilities and rates of return can certainly be introduced intro-duced at that age. The concept of saving a percentage of w ages from part-time work and then receiving compounded interest on that savings sav-ings is extremely important. With a sometimes-bewildering array of unfamiliar terms, the world of investing can seem a terribly ter-ribly complicated one to a child or a teenager. It can even be perplexing perplex-ing to many adults. But think of it as being not all that different from learning to drive. Your child wont be able to get a driver's license without understanding such unfamiliar unfa-miliar terms as brake, transmission and accelerator, and then, when old enough, practicing under your supervision. Similarly, your children won't be aole to become competent investors without first learning the financial basics. John Jakks is a financial advisor advi-sor with the Morgan Stanley Dean H itter office in Park City: This article does not constitute tax advice. Investors should consult their personal tax advisers be fore making any tax-related investment decisions. Information and data in this article were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed, and the giving of same is not to be deemed a solicitation on Morgan Stanley Dean Winer's part with respect to the purchase or sale of securities or commodities.. Readers with questions can send their letters to John Jaicks. Columnist; do The Park Record. PO. Box 36SS, Park Citv, UT 84060. Local convention properties have reported that the following groups will meet during the week of Nov. 12 - 18 in Park City. Information is supplied by the Park City ChamberBureau. Group Attendees Joe Schmidt Group 70 BYU Cites 25 BYU Jordan 25 Nebo Superintendents 6 ESPN World Cup 50 U.S. Forest Service 20 World Cup 50 Autolive 49 Unishippers 28 Xircom 59 Fidelity Investments 250 Utah County Deputies Ass'n 100 Total 732 This is 59 percent of the number num-ber from the same week last year. SERVICE profes&ionaT scrviceg J R. Herbert Lepiey. FNP June Neeley, FNP Joseph Aibano, MD Cress R Bohrtn, MD Robert L Even, MD Chris Hays, MD Park Oty Plastic Surgery Associates Larry C Leonard, M.D. Darnel S. Sellers, M.D. Cosmetic Plastic Surgery Breast Face Body Contouring Breast Reconstruction Hand Surgery Reconstructive Plastic Surgery 1 795 Sidewinder Dm 6490074. Rosenberg-Cooley Carenc Knee Shoulder Spine Specialists Thomas D. Rosenberg, MX). Vernon J. CorJey, M.D. Charles C. Rich, MD. Charles L Beck, MX). Uny G Leonard M.D. Mark t Mont D.PM. 1820 Siclewnder r, Sutte 100 Prospector Square 6556600 Summit Pediatrics A Division of Wasatch Pediatrics,lnc. ts now Keeping new patients! Most insurance and Medicaid plans. Quakty care for Wants, cNtdren and adolescents. Wei child exams. Adolescent medicine. Sport and Scout physicab and Urgent care. Leslie Webster MD, David Larson MD, Brenda O'Brien MD and Pan Lynne MashkuriMD. 1600 Snow Creek Dr., - Park City, 435-6550926 and 906 So. Main St., Heber Oty, 435-657-0101 and 24 nr. on cat coverage 435-61 5-8866 5-8866 Duane E. Towmend, M.D. 435-655-0058 You DO have a choice!! Trust your health care to the most experienced Gynecologist in Wasatch and Summit Counties. Traditional and Alternative tntegried meoVne. The best of both worlds. Board Certified and Clinical Professor of Unrervty of Utah. University o( Utah Health Network Summit Health Center. 1 750 W Sun Peak Dnve Park City. UT 84098 647-5740 647-5740 Monday - Friday 8.00am-600pm 8.00am-600pm fK Doian, MO, F amity Pjsgrarn Bite Eetefj Commonwealth United Mortgage 30 yr Jumbo 8 375 0 15 yr Fix 7.625 0 a 1 ARM 7.625 0 First Union Home Equity Corp. Second Mortgages Line of Credit Pnme1 0 15yrFix 11850 0 First Security Bank 30 yr Fix 15yrFix 30 yr Jumbo Frontier Bank 30 yr Fixed S'1 A.RM 15yrFixed 7.750 7.500 8125 7.625 7 500 7.250 Mountain Express Mortgage 30 yr Fix 7 500 31 ARM 7 375 MTA ARM 3 350 Intermountain Mortgage 30 yr Fix 7 625 15yrFix 7 250 MTA ARM 3 950 Park City Bank, a dwiston of DB&T 30 yr Fix 7.750 0 15yrFix 7 500 0 30 yr. Jumbo 8 250 0 U.S. Bank of Utah 30 yr Tix 7.750 0 15 yt Fix 7.375 0 1 yr ARM 7.125 0 Utah Housing Finance Agency 30 yr FHAVA 6 890 2 30 yr FHAVA 7.190 0 Washington Federal Savings 30 yr Fix 7.750 0 30 yr Jumbo 7 875 0 15 yr Fa 7 500 0 The Utah Mortgage Pulse includes up-to-date information on home loan rates charged by Salt Lake City area Senders. The information was accurate on Monday. November 6th, but is subject to change without nctce Closing points: One pom! equais 1 percent of the loan amount Most tenders also require private mortgage insurance with down payments of less than 20 percent. per-cent. Also, most lenders charge loan processing fees up to S300. credit and ..ppraisal fees up to $400, origination fees of 1 percent, along with other closing costs. Index: T-Bill Yield on 1yr T Biil. COFI Cost of funds index, MTAat2 Month Treasury Average Index. Libor London InteiBar Ofereo Rate Source: Mountain Express Mortgage [phone]. ' ' ' Send Your Business News Items to The Park Record E-Mail: businessparkrecord.com Fax: [phone] Phone: [phone], ext. 113 Practice Brian Rush.MD farm Practice, Mav Parsons, MD, Internal Medicine. Kim Scott, MD, Internal Medicine, Tna Fought, CNM, NurseMidwife Jeffrey B. Smith, MD, Podiatry Renato Sartr, KID, Plastic Surgery Lena Terry, MD, Pediatrics 655-0926, David Bergman MD, pediatrics, Kathy DeTempte, CHT.Hand Therapy Vernon Yamashiro, MD, OB, Gyn, Marta Saj, MD. OB Gyn. Room Ross, APRN, Mental Health 645-80! 3 Patricia Lindsay, PHD, Psychologist 647 9718 TOSH The Orthopedic Specialty HoipitJ 647-5955. Marksne Hatch, PT. Laurie Savage - Wing PT. Jan Watts. AT.C, PT. Robyn Hase, AT.C. Steve Sherwood M.S., AT C,C S C.S. Specializing ti penonaiwed care of your injury. Orthopedic rehabilitation featuring back, knee & shoulder therapy. thera-py. 2200 Park Ave Bldg. D. Open Mori, -Sat. Alpine Sports Medkine 201 5 Sidewinder Dnve Park City, UT 84060 [phone]. Mark MoeHer, PT. Andrea TerwWegar, M.S. Megan Wiffiams OTRL,CHT, Room LeRoy. PT, Robert Cervantes MPT, C.S C.S, Elien Barton Lewis LMT, Physical Therapy Occupational Therapy Hand Therapy Custom Splints Massage Therapy Customued WeHness h Exercise Program fitness Memberships HEALTHSOUTH RerUmatkm Center 1255 Iron Horse Dnve, Park Oty, UT 84060(435)649-3913 Preston HaH, PT, Kimberry Ross, OTRL, Brenda Harr, ATC Committed to providing exceptional exception-al penonakwd tare. Physical Therapy. Occupational Therapy, Hand TherapyCustom Splinting, Sports Median, Fitness Center. Open 7.00am-7.00prr, Monday-Friday. Monday-Friday. Extended-hour appoint-rnenU appoint-rnenU avatUbie upon request. !Pawn.cjipt tastes 5 5 5 2'6 T-Bill NA NA 5 5 5 5 5 2-6 T-BiS 5 5 5 2 '6 MTA 5 5 2 MTA . 5 5 10s, 2B T-Bifl 3-5 3 5 5 5 10 16 T-BJ1 Summd Pregnancy Resource Center Pregnancy Tests and Counsrtng Al Services Free and Confidential Complete Wormatxm on Optxjns UrKCxxttwrvil Camg Mentoring kt Single Mjm's Mednal Legal and Adoption Referrals Ktateruf Resources Hours. T-Th 10-4, W 1 5 940-0000 61 4 Main St, State 305 Park City fcnantfim Awimai ran' mm SusSt, ,-A&, rm RBM A ful range J( property management tervjees Induing manterwwe. a&ar-atjons, a&ar-atjons, H repv Page us I -800-6! 2-8569 2-8569 today tor an irrvrwdutr response. Nroductory 10 efceount avaiabte tor your fra order when you men&on this Ai ' Raynwnd L Mjrnxxj'e IX Contractor f-tiffi HEALTHSOUTH Diagnostic Center 1850 Sidewinder Dr, 410. Park Oty; UT 84060 (4J5) 61 5-0250 MR), CT, X-ray, ultrasound and . mamrnogr. performed by AART sute-cetfhed techrxixjrjts. Diagtvastc results rendered by boanlerli6ed rai-otogrsti rai-otogrsti Wflsam Dubiel MO, Barry Brian MD, and John Oben MD. Stale-of t) art magng in a fnerxgy enwonmert with a focus on same-day schedubx and prompt reporting. Open 8 30am 5.00 pm, Monday-Fftiay Extended hour appotTtmeotj avaAabte upon request, Sver Creek Animal CWc Randal Barbe, DVM, 22 years experience experi-ence treating dogs and cats; Medicine, surgery, dentrstnt behjvtor counspkng AJftjrdabSe Kv Also, house CA, 24 hour emergency er-. er-. catsmal dog boanfcng. Nev rnordern fatlty, Cat 649-741 4 OOF