BUSINESS
4A • TUESDAY, JUNE 10, 2014
Millionaire widow needs a prenup
WHO’S NEWS
Dear Dave, My husband died several years ago. He always worked very hard, and we did very well financially. I am now 48 and have $3.8 million in assets. I’ve found a wonderful man who is very stable and loving with a good job, and we’re considering getting married. Do you think I need a prenuptial agreement? Heather
Submitted photo
Left to right: Strong Weight Loss personnel Abigail Hackett, Christine Kramer, Dr. Don Strong, and Delafield Chamber Ambassador Katie Braun (Ameriprise Financial.)
Strong Weight Loss joins Delafield chamber DELAFIELD – The Delafield Area Chamber of Commerce has welcomed new member Strong Weight Loss. Located on 19265 W. Capitol Drive, Suite 204, Brookfield, this business provides solutions for safely reaching established weight loss goals and objectives.
Ameriprise Financial hires Ausloos as financial adviser BROOKFIELD –The Brookfield office of Ameriprise Financial has hired Adam Ausloos as financial adviser. Ausloos will provide a one-on-one relationship for his clients and has understanding of client needs and expectations, according to Ameriprise. His office will be located on W. Bluemound Road., Suite 800 and can be contacted at 785-1010.
Ausloos
Dear Heather, For years I told people never to do prenuptial agreements. I always said if you love your money more than you love your spouse, then you’re too immature and selfish to be married. However, I’ve changed my tune on this subject a little bit recently. When one or two wealthy people get married, the problems that can arise usually have nothing to do with those two people. The problem is that it can invite a lot of crazy into your lives from the outside. Whether it’s a parent, cousin or child, sometimes people start feeling a sense of entitlement when wealth is suddenly thrust into the picture. You both sound like mature, functional people with good values. In most cases, that’s a pretty good indication that crazy isn’t in the immediate vicinity. Still, there’s a lot on the line. So while I would advise a prenup, you might keep an open mind to revisions somewhere down the road. Make it pretty solid and protective for the first five or 10 years. But then, after you guys have built a life together, you’ll hopefully reach a point where you’ll feel safe looking at it as all ours. So, the only reason I’d ever
ZBB Energy names Hansen president and COO
Dilbert
Return Engagement Bridal Consignment opens in Elm Grove ELM GROVE– Return Engagement Bridal Consignment recently opened in Elm Grove to resell gently worn wedding dresses at less than the original cost. The new bridal boutique offers bridal gowns, bridesmaids, mother-of-the bride/groom and flower girl dresses, and accessories that are new or gently used. Return Engagement also features new-never worn and second-hand dresses for other special occasions. returnengagementbridal.com
ANGI Energy Systems sold to N.C. company JANESVILLE – ANGI Energy Systems, a Janesville-based designer of fueling systems for compressed natural gas vehicles, will be sold to Greensboro, N.C.-based Gilbarco VeederRoot. Financial terms of the deal were not disclosed. ANGI will remain in Janesville, and the acquisition will enable Gilbarco to accelerate its technology advancements, according to a statement. Gilbarco produces integrated technology solutions for the retail petroleum industry.
Dilbert
www.gilbarco.com
Brain injury rehab center opens in Milwaukee
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35.01 36.51 50.84 41.31 20.86 124.37 49.58 40.91 68.44 80.85 85.48 101.52 61.24 17.00 46.65 27.44 72.51 80.61 186.22 103.22 50.05 64.52 111.98 53.71 3.32 21.99 85.85 17.70 41.27 15.02 56.11 127.83 79.23 109.30 51.07 118.53 57.60 145.32 115.07 77.01 45.53
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Stock Footnotes: n = New in past 52 weeks. rs = Stock has undergone a reverse stock split of at least 50 percent within the past year.s = Stock has split by at least 20 percent within the last year. vj = In bankruptcy or receivership. Source: The Associated Press. Sales figures are unofficial.
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GOLD 100 troy oz.- dollars per troy oz. Jun 14 1256.10 1252.60 1253.50 +1.40 SILVER 5,000 troy oz.- cents per troy oz. Jun 14 1905.0 1904.5 1904.5 +8.2
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CATTLE 40,000 lbs.- cents per lb. Jun 14 143.10 140.82 FEEDER CATTLE 50,000 lbs.- cents per lb. Aug 14 203.52 201.60
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FUELS High Low Close Chg. LIGHT SWEET CRUDE 1,000 bbl.- dollars per bbl. Jul 14 104.57 102.62 104.41 +1.75 NATURAL GAS 10,000 mm btu’s, $ per mm btu Jul 14 4.793 4.630 4.645 -.065
Dave Says suggest a prenup is when two parties are bringing really unequal amounts to the table. Yours is an extreme situation, Heather, so I’d give it some serious thought. Let him know you want to do this to protect the relationship, so that there’s never any hint that the money is a problem or will create problems. If he’s as kind and thoughtful as you say, I think he’ll understand. – Dave
Roll the money
Dear Dave, How should I handle my 401(k) when moving from one job to another? Tracy
It all evens out Dear Dave, We have three children, ages 15, 10 and 9. With our oldest starting high school and just being a teenager, we’re spending lots more money on her than the others. It’s almost like she’s the favorite child. Should we spend more on the other kids to make things seem a little more fair? Julie Dear Julie, I don’t think so. In five or six years, it’ll be their turn and you guys will be spending that kind of money on them, too. That’s the way it is with teens. Here’s a question for you. When the 15-year-old is 23, and you’re buying prom dresses and all the other teenage stuff for the younger kids, are you going to turn around and give the older child extra money just to “even things up”? Of course not – that would be silly. She had her moment in the sun, and now it’s their turn. Just make sure you hug on all of them equally, and let them know you love them! – Dave
Dear Tracy, I would roll it to an IRA. Your new company, if you move it there, will have limited choices for your 401(k). You’d also probably have a lengthy waiting period for verification and the potential add-on fees and taxes. Plus, with an IRA you can cash it out if something really bad happens. But I rarely ever advise people to cash out their IRAs. The only exceptions are extreme cases, like to avoid bankruptcy or foreclosure. Even then, hardship withdrawals are very difficult to get. And again, this kind of thing should never be done except in an absolute, worstFollow Dave on Twitter at case scenario. Just roll your money into a @DaveRamsey and on the web traditional IRA, Tracy. It’s at daveramsey.com.
High Low Close SOYBEAN OIL 60,000 lbs- cents per lb Jul 14 39.50 38.99 39.28 CORN 5,000 bu minimum- cents per bushel Jul 14 457.50 445.50 451 ROUGH RICE 2,000 CWT- dollars per CWT Jul 14 14.200 14.040 14.145 OATS 5,000 bu minimum- cents per bushel Jul 14 357.75 339.75 343 SOYBEANS 5,000 bu minimum- cents per bushel Jul 14 1469.75 1452 1457 SOYBEAN MEAL 100 tons- dollars per ton Jul 14 492.30 480.00 482.20 WHEAT 5,000 bu minimum- cents per bushel Jul 14 626.25 607.50 612.50
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MILWAUKEE – The Nexday Brain Injury Rehab Center at Wellspring opened Monday in Milwaukee. The rehab center, which is open due to the collaborative efforts of the Milwaukee Center for Independence and Grace Healthcare, is in Wellspring of Milwaukee at 9350 W. Fond Du Lac Ave. The rehab center has 18 beds in eight private rooms and five semi-private rooms for patients who are recovering from brain injuries. The program will serve patients who have been discharged from the hospital but still need additional medical attention. The rehab center’s staff will include doctors, rehabilitation nurses, skilled therapists, social workers, recreational therapists, and vocational rehabilitation and employment specialists. Milwaukee-based MCFI is a nonprofit organization that helps individuals and families with special needs achieve independence.
shares Inc., the parent company of North Milwaukee State Bank, is asking MEDC, a nonprofit business lender, to purchase 20,000 shares of stock, according to a document submitted to the agency’s Loan & Finance Committee. According to the document, the investment would help boost the bank’s equity capital. Federal Deposit Insurance Corporation records show that North Milwaukee State bank has assets of about $81 million and earned $10,000 in the first quarter of 2014. In 2013, North Milwaukee State Bank lost $680,000, according to the FDIC. nmsbank.com
Survey: Growth to pick up, hiring steady WASHINGTON (AP) – U.S. economic growth should accelerate in the second quarter and remain healthy for the rest of this year, according to a forecast by a group of U.S. business economists. Still, growth for the full year will likely come in lower than they previously estimated. Job growth should remain steady and consumer spending will also likely pick up, a survey by the National Association of Business Economists said Monday. The survey of 47 economists from companies, trade associations and academia was conducted from May 8 to May 21.
Where have all the missing American workers gone? WASHINGTON (AP) – The U.S. unemployment rate has been on a slow downward trajectory since the Great Recession ended nearly five years ago. While the overall jobless level has dropped to non-recession levels, the number of working-age people with jobs has remained
flat, and the main reason why could be long-term unemployed workers giving up on finding jobs. In May, the U.S. workforceparticipation rate – the combination of those with jobs and unemployed workers actively seeking them – was just 62.8 percent, the same as the month before. Job markets have been essentially flat since October. A key factor, nearly all agree, is the growing exodus from the job market of socalled Baby Boomers who were born roughly in the post-World War II period from 1946 to 1964, and are now at or fast approaching retirement age.
McDonald’s U.S. sales slip again in May OAK BROOK, Ill. (AP) – McDonald’s says a key sales metric slipped again in the U.S. as it faced ‘‘ongoing broad-based challenges’’ in May. The world’s largest hamburger chain said U.S. sales declined 1 percent at locations open at least 14 months. The fast-food chain has been struggling to boost sales amid heightened competition and changing eating habits. Many of its core customers are also struggling financially, which has forced McDonald’s to intensify its focus on value.
Tyson wins bidding war to gobble up Hillshire NEW YORK (AP) – Tyson Foods Inc. has won a bidding war to gobble up Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs. Tyson had been vying with rival poultry producer Pilgrim’s Pride to acquire Hillshire, which wrapped up its bidding process Sunday. Tyson’s final offer ended up at $63 per share, about two weeks after Pilgrim’s Pride made an initial bid of $45 per share.
www.mcfi.net
North Milwaukee State Bank seeks $100K investment from city MILWAUKEE – North Milwaukee State Bank is asking the Milwaukee Economic Development Corp. for a $100,000 investment. North Milwaukee Banc-
236014003
www.zbbenergy.com
Name
DAVE RAMSEY
called a direct transfer IRA, and that way there will be no taxes on it. You want the money to go directly from the 401(k) to the IRA. Then, you’ll have the freedom to choose from about 8,000 mutual funds and move the money around, if you like. In other words, you’re in control. That’s the way it should be when it comes to your money! – Dave
IN BRIEF
MILWAUKEE – ZBB Energy Corp. has hired Brad Hansen as president and chief operating officer. He will also become a board member of the Milwaukee-based company, according to a statement. Hansen replaces Charles Stankiewicz, who previously served as COO and director. Hansen has served as chief executive officer of a Chinese company that ZBB has a joint venture with, Anhui Meineng Energy, since December 2011, according to a statement. Hansen will report to Eric Apfelbach, the CEO of ZBB Energy. In his position, Hansen will lead manufacturing, research and development, engineering, human resources, and sales and marketing, while continuing to manage Meineng to increase the efficiency of the partnership, according to the statement.
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