february 2017 macci's annual dinner - think marshfield...
TRANSCRIPT
Community News Shared
February 2017
Dale
CarnegieProgram
Coming to Marshfield!
MACCI Shares
Business Briefs
MACCI's Annual Dinner - Think Marshfield . . . Where things happen!Thank you to the business professionals that joined us at the 71st Annual Dinner meeting. Throughout the evening the following awards were announced. Congratulations to all! - MACCI's Service Award: Shannon Nienast - Leadership Marshfield Alumnus of the Year: Nick Arnoldy - MACCI's Small Business of the Year: Nutz Deep II - MACCI's Firm of the Year: Nasonville Dairy
Special thanks goes out to our Presenting sponsor Solarus.
Thank You To Our Corporate Sponsors
Ben
ts
Chiropractic Center
HEALTH
CH
IROPRACTIC
TM
TR ANSPORT INC.
S E C U R I T Y O V E R H E A D
D O O R
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
2
To keep our members informed about changes in business and in our community, your Marshfield Area Chamber of Commerce & Industry has the following business briefs to share this month. If you have news to share email it to [email protected] by the 20th of the month.
Marshfield Insurance Agent Recognized Nick Arnoldy, owner/business insurance consultant at Marshfield Insurance Agency Inc. recently was awarded the designation of Certified Professional Insurance Agent (CPIA), a professional des-ignation presented by the American Insurance Marketing and Sales Society (the AIMS Society).
Nick sucessfully completed the Insurance Success Seminars. The CPIA designation stands for professionalism, commitment to sales training and results, and technical knowledge. The designa-tion does require bi-annual continuing education update.
The AIMS Society is the only insurance organization dedicated solely to recognizing training and service quality among property and casualty insurance personnel. The mission of the AIMS Society is to improve marketing and insurance knowledge of its members by upgrading professionalism through information and education, which will result in providing better service to the insurance-buying public.
In addition to recognition from the AIMS Society, Nick Arnoldy and other agents at Marshfield Insurance Agency are also recognized by The National Alliance for Insurance Education and Research for their dedication towards improved instruction. Nick Arnoldy and Cory Hoffmann maintain Certified Insurance Counselor designations. Kathy Leader and Carmella Moon maintain Certified Insurance Service Representative designations.
Marshfield Insurance is located at 208 West 5th Street in Marsh-field. Visit them on the web at www.marshfieldinsurance.net or by calling 715-387-4443.
Milestone Anniversaries To Be Celebrated in 2017! MACCI congratulates the following businesses on celebrating a milestone anniversary in 2017. Truly staples to our community MACCI thanks them for their commitment to the greater Marshfield area and making our community thrive for many years!
125 years: Weinbrenner Shoe Company, 305 West Third Street, Marshfield, 715-384-2626 85 years: Heinzen Printing & Promotional, 550 South Central Avenue, Marshfield. 715-384-4959 80 years: BMO Harris Bank, 101 West Fourth Street, Marshfield, 715-486-300050 years: H&S Manufacturing, 2608 South Hume Avenue, Marshfield, 715-387-341450 years: Big Brothers Big Sisters, 243 South Central Avenue Ste 109, Marshfield, 715-387-6198 40 years: Foreign Automotive, 300 West 14th Street, Marshfield, 715-387-4500 5 years: Fredrick Construction, 715-305-5272
Wishing you many more years of success!
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
What Makes your Business Unique? SCORE & Sam's Club are sponsoring an awards program to find the best small businesses in Amer-ica. To share your unique story and for a chance to win $25,000 or other prizes go to the link below for details! Please share this information with others you know that could also enter for a chance to win.
http://championship.score.org/?_ga=1.82272086.1750953198.1482173902
Contest runs through February 13.
Marshfield Children's Festival ScheduledSave the date for the 2017 Marshfield Children's Festival scheduled for Saturday, April 8 from 9:30 a.m. - 1:30 p.m. at Marshfield High School. This 17th annual Marshfield Children's Festival will fea-ture a fun and active atmosphere for all ages with many vendors and hands-on activities and games. The Marshfield Children's Festival is a fundraiser for Marshfield High School's Human Services Academy (HSA) located in the Tiny Tiger Intergenerational Center.
For more information or to be a vendor at the 2017 Marshfield Children's Festival, please contact Jennifer Fredrick at [email protected].
Monthly Grief Support Offered in Marshfield Ministry Home Care's grief support groups are monthly adult gath-ering for individuals and families who have experienced the death of a loved one. This grief group is held the first Wednesday of each month, from Noon- 1:30 p.m. at Ministry Home Care located at 303 West Upham Street, Suite 200 in Marshfield.
For more information call 800-397-4216.
Attend the Columbus Dons Basketball gamefor a chance to shoot a half court shot and win $2,500 for yourself AND $2,500 for the school!
COLUMBUS02.07.17
half court$5,000
SHOT
715.3
87.11
22
forw
ardb
ank.c
om
Member FDIC
F O RWA R D F I N A N C I A L BA N K
Com
ing
Soo
n to
Mar
shfie
ld…
P
rese
nted
by:
M
AC
CI &
Mey
er &
Ass
ocia
tes
LLC
The
Dal
e C
arne
gie
Cou
rse®
In
Effe
ctiv
e C
omm
unic
atio
ns &
Hum
an R
elat
ions
/Ski
lls fo
r Suc
cess
Indi
vidu
al B
enef
its
C
ompa
ny B
enef
its
G
ain
Gre
ater
Sel
f Con
fiden
ce
S
treng
then
Em
ploy
ee E
ngag
emen
t S
peak
Mor
e Ef
fect
ivel
y In
All
Situ
atio
ns
Impr
ove
Mor
ale/
Initi
ate
Coo
pera
tive,
S
harp
en H
uman
Rel
atio
ns S
kills
Ent
husi
astic
, Pro
duct
ive
Team
wor
k B
ecom
e a
Stro
nger
Dec
isio
n M
aker
Incr
ease
Pro
fitab
ility
Dev
elop
Lea
ders
hip
Skills
R
educ
e Tu
rnov
er
Impr
ove
Mem
ory
B
uild
Tru
st, C
redi
bilit
y &
Res
pect
with
R
educ
e Te
nsio
n &
Stre
ss
C
usto
mer
s (In
tern
al &
Ext
erna
l) S
ell Y
ours
elf &
You
r Ide
as
Mor
e P
rodu
ctiv
e M
eetin
gs
Mai
ntai
n P
ositi
ve “C
an-D
o” A
ttitu
de
Im
prov
e A
ll Le
vels
of C
omm
unic
atio
ns
Thin
k &
Spe
ak o
n Yo
ur F
eet
Incr
ease
Fle
xibi
lity
to C
hang
e B
uild
Stro
nger
Rel
atio
nshi
ps w
/ Cus
tom
ers
Dev
elop
Pro
activ
e Le
ader
ship
S
treng
then
Pre
sent
atio
n S
kills
Stre
ngth
en R
OI &
Impr
ove
Qua
lity
Mee
t Tod
ay’s
Bus
ines
s R
ealit
y Le
arn
to D
o M
ore,
Bet
ter,
Fast
er w
ith L
ess
M
arsh
field
Orie
ntat
ion
Targ
eted
(Tue
sday
, Mar
ch 2
8th, 2
017)
Pr
ogra
m c
onsi
sts
an O
rient
atio
n pl
us
8 Tr
aini
ng S
essi
ons
– 3
½ H
ours
/Wee
k –
Sess
ions
on
Tues
days
(4:3
0 P
M –
8:0
0 PM
)
For M
ore
Info
rmat
ion:
Ju
dyA
Mey
er@
aol.c
om o
r jud
ym@
cwda
leca
rneg
ie.c
om
715-
693-
5007
or 7
15-2
12-5
127
Gai
n in
thes
e
area
s
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
6
Investment advisory products and services are made available through Ameriprise Financial Services, Inc., a registered investment adviser. Ameriprise Financial Services, Inc. Member FINRA and SIPC. © 2015 Ameriprise Financial, Inc. All rights reserved. (7/15)
Putting the needs of clients first is the approach I believe in. I’ll work with you to find the right financial solutions to help you plan for your unique goals. And together, we’ll track your progress over time, adjusting your plan along the way to help get you where you want to go.
Your personal financial goals deserve a personal approach
Diane Meyer Van NoteFinancial Advisor
307 W Upham St Marshfield, WI [email protected]/ diane.m.vannote
Are you celebrating a milestone anniversary in 2017?Throughout the year, your Chamber of Commerce & Industry recognizes businesses celebrating a milestone an-niversary. If we are made aware of this special celebration, we will acknowledge your business in our monthly newsletter and at the Firm of the Year dinner on October 12 at RiverEdge Golf Cource & Banquet Facility.
While our database is robust, we still need to ask for your help in updating information so you can be recognized timely. Please notify the MACCI office if your business is celebrating a milestone anniversary in 2017 so we can include that information in our records.
Your help is very much appreciated!
UW Spring Catalog AvailableThe UW-Colleges Continuing Education Spring Cat-alog is now available. The catalog is a combination of UW-Marshfield/Wood County, UW-Marathon and UW-Barron County Continuing Education classes. View catalog and register for classes at www.marsh-field.uwc.edu/continuing-ed. Check out pages of this newsletter for various programs being offered in February and March.
February 2-4 Continuing Education Adult Theatre presents Rod-ger's & Hammerstein's "A Grand Night for Singing". Explore love, romance and relationships in this musi-cal revue featuring endearing skits and some of the most beloved songs of popular Broadway hits. Per-formancews are February 2-3 at 7:30 p.m. and Febru-ary 4 at 2:00 p.m. Tickets are $12. Purchase tickets online or call the Box Office at 715-389-6534.
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
Encourage Employees To Attend Networking Events Once a month your Chamber offers Business After 5 events. Hosted at a member business and sponsored by ad-ditional members, this networking opportunity is open to all members and their employees. This member benefit is a great way for you to grow your business and support your Chamber. Every month over 200+ business people attend and take advantage of this opportunity.
If you are interested in being a sponsor at any events throughout the year please contact Debbie Bauer at 715-384-3454 or email her at [email protected]. Your support is greatly appreciated!
Your BA5 Hosts in 2017: February 21: Holiday InnMarch 15: The Oven above the PubApril 18: Marshfield Clinic May: Chestnut Avenue Center for the Arts June: American LegionJuly 27: Hot time in the CityAugust: On the FarmSeptember: Vintage HouseOctober: Buck-A-Neer Supper ClubNovember: TBA December 7: Hotel Marshfield
7
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
2017 Reality Stores Are Set. Volunteers Needed.The 2017 Reality Stores have been scheduled for March 14 at Spencer Schools and April 11 at Marshfield Middle School. Students from Auburndale, Colum-bus Catholic, Granton, Greenwood, Immanuel Lutheran, Loyal, Marshfield, Pittsville, Spencer, Trinity Lutheran and St. Joseph Catholic schools will par-ticipate in the stores. This successful event, originally a Leadership Marshfield project, helps eighth grade students put the puzzle of their future together.
Before the day of the store, students will be assigned an occupation with annual income, benefits, a marital status, combined income, and children. The first lesson students learn will be how to calculate their net monthly income. They deduct state and federal taxes, social security and Medicare, and quickly realize the difference between gross and net income.
As they enter the store, the young shoppers will be greeted by business volunteers repesenting a variety of monthly expenses. Students arrange for their housing, furnishings, utilities, transportation, childcare, groceries, insurance, and taxes, and will be required to donate to charity, contribute to their savings account and retirement.
They are allowed to make optional purchases such as computers, investments, motorcycles, pets, and family vacations assuming, of course, their budget allows for such expenditures. In addition, students are given "chance factors," the unexpected occurrences that affect a family's budget, such as emergency room visits, automobile prob-lems, or spontaneous purchases.
Life lessons that occur daily as adults are simulated in the store. During past years' stores, several students modi-fied their homes, purchase or rental, realized they couldn't purchase the vehicles they wanted, or gave up other luxuries to make their money balance. Some pursued a part-time job to make ends meet, or discovered a need for social services assistance. Many students are amazed at the added expenses of having children!
Most students leave the reality store with an increased awareness of budgeting money and making wise financial choices. Others have admitted they will give more consideration to their career and education choices. Overall, the reality store exposes students to the concept of preparing a monthly budget, and provides them a glimpse of how much things cost and how quickly costs add up.
The Reality Stores are "staffed" by area business representatives who "sell" their services to these eighth grade students. For example, real estate agents sell houses, car dealers sell vehicles, and insurance agents offer home and automobile coverage. While in the store, students have to arrange for daycare services, pay municipal taxes and or-der telephone and electric service as they prepare a monthly budget. Your help is needed as we plan for this year's stores.
For more inforamtion or to find out how you can get involved, contact Karen Isaacson at (715) 384-3454 or email [email protected]
YPWeek Wisconsin Further Expands to Include 25 Communities
Marsh�eld Young Professionals and NEWaukee are proud to announce the expansion of YPWeek Wisconsin to include 25 communities in 2017; Ashland, Door County, Eau Claire, Fond du Lac, Fox Cities, Green Bay, Hayward, Kenosha, La Crosse, Oshkosh, Madison, Manitowoc, Marinette, Marsh�eld, Milwaukee, Phillips, Portage, Platte-ville, Racine, Sheboygan, Stevens Point, Superior, Waukesha County, Wausau, Wisconsin Rapids. The grassroots statewide program will run April 22 to 29, 2017 with each community presenting a variety of programs that empower young professionals to take ownership and pride in their home towns.
YPWeek Wisconsin is modeled after a program started by NEWaukee in 2012 to provide a weeklong series of events focusing on discovery, adventure and meaningful conversations about the issues that matter to young professionals in the Milwaukee area. YPWeek Wisconsin has continued to reach across the state with the support of the Wisconsin Economic Development Corporation (WEDC) since 2015, and its participants have collaborated with the agency on a communication strategy designed to retain, excite and grow the state’s talent pool. YPWeek will incorporate that strategy into its programming, leveraging “THINK-MAKE-HAPPEN,” the initiative’s guiding brand statement, as an organizing theme.
After two years of successful expansion of YPWeek Wisconsin, NEWaukee has built the nation’s largest millennial talent network. YPWeek Wisconsin currently showcases 25 communities, but the intention is to include all 72 Wisconsin counties. As the 72 Initiative grows, NEWaukee provides the following to emerging leaders across the state:
“YPWeek taps and channels the passion Wisconsin’s young professionals bring to the workplace to help build and sustain Wisconsin’s strong workforce and high quality of life,” explains Angela Damiani CEO and Co-Founder of NEWaukee. “Through YPWeek we have created the nation’s most comprehensive and collaborative talent engagement strategy.”
Marsh�eld Young Professionals (MYP) is a workforce development initiative of the Marsh�eld Area Chamber of Commerce & Industry (MACCI) that encourages young business people to interact socially, exchange ideas, share common interests, learn more about the area’s business community, and engage in the community’s future. The mission of MYP is to engage and employer young professionals through community, professional, and social opportunities; creating and promoting an environment to attract and retain professionals.
For more information about YPWeek Wisconsin 2017, please visit: www.ypweek.com.
BIG BROTHERS BIG SISTERSof Wood County
cordially invites you to their annual
celebrating 50 years of service to Wood County
Saturday, March 11, 2017Holiday Inn Conference Center
Marshfield, Wisconsin
5:30 pm cocktails and hor d’oeuvres 7:00 pm dinner
DINNER | ENTERTAINMENT | SILENT AUCTION
$65 per person | $120 per couple | $450 for table of 8
black tie optional but not required
please visit WWW.BBBSWOOD.ORG email [email protected] | call 715.387.6198
or return RSVP on reverse by March 1, 2017
THIS EVENT IS HOSTED BY A LEADERSHIP MARSHFIELD PROJECT GROUP.
Gala
2017 Bubbler Awards Best Places to Work for Young Professionals in Wisconsin
YPWeek recognizes the Wisconsin companies that make it a priority to retain and engage their young talent through a dynamic workplace.
The Bubbler Awards shines a light on the companies who have made great strides to accommodate the interests of a shifting workforce. There's a common perception that Millennials are discontent or disinterested in traditional forms of employment. We are eager to showcase the reality of how many Wisconsin-based companies are adjusting and creating environments that allow young professionals to call this state home.
The Bubbler Awards is an example of how YPWeek Wisconsin highlights the young professional voice. Additionally, the nomination and selection process establish a framework for existing and emerging young professionals throughout the state to collaborate and brand Wisconsin as a workplace destination for Millennials.
The nomination evaluation centers on what Millennials are looking for in today’s workplace including: competitive salary and benefits, opportunity for advancement, work-life balance, and employee and community engagement.
For more information on the Bubbler Awards, visit ypweek.com!
Does your company fit the criteria? Find the 2017 Bubbler Awards application here! Application Deadline: February 28, 2017 Winner Announcement: March 6, 2017
Check out the amazing companies that won Bubbler Awards in 2016!
The Bubbler Awards are part of YPWeek Wisconsin. The statewide program will run April 22-29, 2017 with 25 communities across Wisconsin presenting a variety of programs that empower young profes-sionals to take ownership and pride in their home towns. YPWeek Wisconsin is modeled after a program that NEWaukee started in 2012 to provide a weeklong series of events focusing on discovery, adventure and meaningful conversations about the issues that matter to young professionals in the Milwaukee area. The Wisconsin Economic Development Corporation is a major sponsor of YPWeek 2017.
Find out more info about YPWeek Wisconsin at YPWeek.com!
Local Program Partner
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
UW-Marshfield/Wood County Continuing Education programs offered February 13:Grades 4-6 are invited to attend STEM Day at the UW from 8:00 a.m. - 4:30 p.m.. For many students there is no school, so join others for a fun-filled day exploring Science, Technology, Engineering and and Math through experiments and hands-on learning! February 16 & 23:Learn how to make financial decisions to achieve success in retirement at "Retirement Planning Today". Class runs Thurs-days, February 16 & 23, from 6:00 - 9:00 p.m. The cost is $39 per person or $59 for 2 people from same household and includes a 24-page retirement planning workbook. February 21:Join Continuing Education Tuesday from 6:00 - 8:30 p.m. for a little painting, a little wine, and a LOT of fun in Canvas & Corks. Capture the beauty of nature with the piece "Red Sunset". View the painting and register online.February 22: The food choices we make are directly linked with our physical health and nutrition. Discover how to add a variety of colorful foods to your diet each day which will lead to long term healthy behaviors in class "Eating a Colorful Diet" from 6:00 - 7:30 p.m.February 23:Discover how to "Grow a Winter Garden of Microgreens!" Class runs from 6:00 - 7:30 p.m. and includes microgreen tasting, step-by-step instructions for planting and care. Each participant will get to take home their own tray of microgreens to harvest and enjoy at home. February 28:Transform everyday ingredients into a variety of soups in the class "Soup's On" from 6:00 - 7:30 p.m. Learn how to make your own stock/broth and add them to your homemade soups. March 3:Deadline to register for UWMWC Continuing Education's April 8th Trip to see "Grease" at the Chanhassen Dinner Theatre. Trip includes coach bus transportation, elegant meal, and backstage tour, and performance! $125/person. March 4:Youth ages 11 & up can receive Red Cross Certification in this one-day Babysitter Training Course. Class is $99 and runs from 8:00 a.m. - 4:30 p.m. Class sessions also offered April 8 and May 6. March 6:Ballroom Dance classes start. Classes will be held Monday evenings March 6 - April 3. There's a class for every ability level. Both singles and doubles welcome. March 6, 7, & 9:Discover your inner musical talents! Their music classes run the week of March 6 and the week of April 13. Five String Banjo is Mondays, 6:00 - 7:00 p.m. Introduction to Guitar 101 is Thursday, 6:00 - 7:00 p.m., Intermediate Guitar 102 is Thursdays, 7:00 - 8:00 p.m. Bass Guitar 101 is Tuesdays, 6:00 - 7:00 p.m.March 7:Join fitness instructor Rebecca Rucker for one or more fitness classes. Total Body Boot Camp runs Tuesdays, March 7 - April 25 from 5:30 - 6:15 p.m. Yoga Toning follows on Tuesday, March 7 - April 25 from 6:30 - 7:15 p.m. March 8:Join Certified Financial Planner, Gwen Condon as she reveals the tools everyone should know in order to obtain short and long-term financial security. Understanding Personal Finance is a two-part class, Wednesdays March 8 & 15 from 6:00 - 8:00 p.m. March 13 & 15:Celebrate Brain Awareness Week by taking two brain-boosting classes at the UW! Explore the body's most complex organ in Brain Basics on Monday, March 13 from 6:00 - 7:30 p.m. Discover the brain changes that occur as you age and steps you can take to maintain a healthy brain in The Aging Brain on Wednesday, March 15, from 6:00 - 7:30 p.m. Both classes are led by UW Psychology Professor, Dr. Jeffrey Amundson.
Watch for more programs in the March newsletter.
THE LARGEST FARM SHOW IN CENTRAL WISCONSIN
www.marshfieldmall.com
February 15 & 16
Registration - Cost $15 per person:RSVP by Monday, February 13, 2017
Name__________________________________________________ Email__________________________________________________________
Business ______________________________________________ Address_______________________________________________________
Additional Attendees (please list): __________________________________________________________________________________
Make check payable to MACCI and mail to:700 S. Central Avenue, Marsh�eld, WI 54449 or email claude.nicole@marsh�eldchamber.com
February 15th, 2017Noon - 1:00 pm • Lunch providedMACCI Of�ce - 700 S. Central Ave., Marsh�eld
Program Resources:
How do you link lifestyle choices to retirement savings…and what are the other issues do you need to consider?
Join us on February 15th for more info!
74% of companies offer outside investment advisory services to employees (up from 50% in 2009). However, most employees (75%) are not taking advantage of this help.
- Source: Aon Hewitt Consulting Research
Percentage of employees not being offereed any investment advisory services
Percentage of employees that are offered investment advisory services but are not taking advantage of this help
Percentage of employees that are offered and are taking advantage of investment advisory services
PRESENTED BY:
Business Professionalism
A program designed to give you the tools to build business relationships.
Today’s businesses have expressed concern over their team members’ lack of basic, acceptable business etiquette. Emailing and texting has become the “norm” and many no longer use verbal communication. Oftentimes people are promoted into management or other positions where they must now represent the organization and interact in social situations.
The important message is that good business etiquette is about making other people feel confident in a business or social setting when representing your organization.
Attendees at this is program will be able to:
- Understand components of business etiquette - Learn how to initiate business communication - Learn guidelines for interacting comfortably in business and social situations - Develop more confidence & poise in your business communication
MACCI is pleased to partner with Judy Meyer, President of Meyer & Associates LLC, a Dale Carnegie Franchise of 15 counties in Central, Northern and Western WI. As a small business owner she understands and appreciates the challenges associated with today’s business environment. Judy believes that today’s workforce needs to constantly be sharpening their skills and businesses need to invest in their employees to retain them.
Cost to attend is $39 per person. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Registration Name(s) _______________________________________ _________________________________________
Business/Address_______________________________________________________________________________
Credit card # ______________________________________________ Exp. Date ___ __/______ V-Code______
Card Billing Address: ____________________________________________________________________________ Name as it appears on the card ___________________________________________ or ________Check enclosed.
Tuesday, March 7, 2017 8:30 – 11:00 a.m.
MACCI Conference Room 700 South Central Avenue, Marshfield
715-384-3454
Return to: MACCI, 700 South Central Avenue, Marshfield, WI 54449 or register at www.marshfieldchamber.com/events
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
MARSHFIELD AREA CHAMBER OF COMMERCE & INDUSTRY
Answer: Typically, a tax-free mutual fund is made up of municipal bonds and other government securi-ties. Such securities are attractive to many investors because returns are tax free, often at both the state and federal levels. However, they also tend to provide lower pretax returns than com-parable securities issued by nongovernmental entities. It is imperative that you consider total after-tax returns when you are comparing a tax-free fund with a taxable fund. Whether or not a taxable fund is a better choice for you will depend in large part on how much of your returns are likely to go directly to federal, state, and local taxes at the end of the year and whether you are subject to the alternative minimum tax.
To determine your approximate after-tax rate of return on a taxable investment, multiply your rate of return by 100 percent minus your tax rate: Pretax return x (100% - tax rate) = After-tax rate of return For example, say you are in the 25 percent tax bracket and earn a pretax return of 10 percent on an investment. Your after-tax rate of return would be 7.5 percent, calculated as follows: 10% x (1 -.25) =.075 or 7.5% after-tax rate of return In addition, consider whether the fund will be held in a qualified pension or retirement plan. If your returns will automatically accu-mulate tax deferred in an IRA or 401(k), there may be no reason to accept lower returns in ex-change for a tax-free feature. If you are risk averse, you may decide on a tax-free fund. The securities that it holds will be backed by the full faith and credit of the issuing bodies, typically state governments or municipalities. This feature coupled with the tax advantage gives some investors an added comfort level.
Note: Before investing in a mutual fund, carefully consider its investment objectives, risks, fees, and expenses, which can be found in the prospectus available from the fund. Read it carefully before investing. Tax-free bond funds are subject to the same inflation, interest-rate, and credit risks associated with their underlying bonds. As interest rates rise, bond prices typically fall, which can adversely affect a bond fund's performance.
Investment Concepts GWENDOLYN CONDON, FSCP®
104 W. 4th St..
Marshfield, WI 54449
715-303-1981
cell: 262-893-1536
Is it better to invest in a tax-free or
a taxable mutual fund?
3…………………………………………………………………………………………….…………………..Dairyfest Mtg (8 am, MACCI)
7…………………………………….……………………….………Marshfield Business Round Table Mtg (7:30 am, MACCI)
7………………………………………………………………………..…….Xtreme Xploration (UW Marshfield/Wood County)
9…………………………………………………………………………..……….Vox Concert Series (7:30 pm, Wildwood Station)
13……………………………………………………………………………Agri-Business Committee Mtg (3:30 pm, United FCS)
13…………………………………………………..…………….Business & Governmental Affairs Meeting (11 am, MACCI)
13………………………………………………………………..Marshfield Young Professionals Meeting ( 5:30 pm, MACCI)
15………………………………………………………………………………………………….”Retire on Track” (Noon-1 pm, MACCI)
15……………………... Marshfield Area Human Resources Association Mtg (8-10 am, Hotel Marshfield)
15 & 16…………………………….…………………………………..………37th Annual Farm Show (10 am-4 pm, MFLD Mall)
16………….Leadership Marshfield – Health Care Day (7:30 am, Marshfield Clinic & Ministry St Joseph’s Hospital)
16……………………………………………………………..……..Marshfield Area Technology Council Mtg (12:30-1:30 pm)
21……………………………………………………………..……..…………………………….……………Business after 5 (Holiday Inn)
23……………………………………………………….………..Marshfield Young Professionals Social (6 pm, Bakerville Bar)
25……………………………………………………………………….Cultural Fair (9 am-4 pm, UW Marshfield/Wood County)
26……………..…….…..Paws & Pancakes Breakfast – Marshfield Area Pet Shelter (8:30 am-11:30 am, KC Hall)
27…………………….……………………………………………………………………………. MACCI Board Meeting (4 pm, MACCI)
February 2017
700 South Central Avenue Marshfield, WI 54449
www.marshfieldchamber.com phone: (715) 384-3454 fax: (715) 387-8925
Return Service Requested
PRESORTEDSTANDARD
US POSTAGEPAID
MARSHFIELD, WIPERMIT NO. 24
Advertise in the New PerspectivesRaise your company’s visibility in a monthly newsletter that goes to the top executives, managers and entrepreneurs in Marshfield & sur-rounding communities.Perspectives is an extremely cost-effective way to get your message out to a highly targeted group of your fellow business people. For more information, contact the Chamber at (715) 384-3454.
Perspectives is published monthly for the members and supporters of the Marshfield Area Chamber of Commerce & Industry. MACCI is a member of the American Chamber of Commerce Executives (ACCE), the Wisconsin Manufacturers and Com-merce (WMC), the Wisconsin Chamber of Com-merce Executives (WCCE), Wisconsin Economic Development Corp. (WEDC), International Eco-nomic Development Council (IEDC), International
Council of Shopping Centers (ICSC), Wisconsin Downtown Action Council (WDAC) and SCORE (Counselors to America’s Small Business), Trans-portation Development Association (TDA), Dairy Business Council (DBA), and Wisconsin Economic Development Association ( WEDA).
Correspondence may be sent to MACCI at 700 South Central Avenue, Marshfield, WI 54449. Send faxes to 715-387-8925 or call 715-384-3454. Our email address is [email protected] and our web site is www.marshfieldchamber.com
MACCI Scott Larson, Executive Director Debbie Bauer, Program Director Karen Isaacson, Member Services/Workforce Director Nikki Claude, Administrative Assistant Jessica Roehl, Administrative Assistant
Chamber Foundation Karen Olson, Business Development Director Convention & Visitors Bureau Matt McLean, Executive Director Lyn Anderson - Marketing Assistant
MACCI Board of DirectorsFrank Baltus - President Amy Nystrom - Vice President Matt Eckelberg - Secretary Ron Wilczek - Treasurer Pat Wesenberg - Past President
Your Staff at:
Patrick AndersonNick Arnoldy Melissa BreenRyan Heiman Erin Howard
Joanne Kendall Cory LaTourellRick LeaceBob TrussoniTroy Weik