Disclaimer

IMPORTANT DISCLOSURE INFORMATION

This web site is limited to the dissemination of general information, investment-related information, publications, and links.  By entering this web site, you acknowledge that you understand and accept the following terms.

You will not construe the publication of this web site on the Internet as our solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.  You should not assume that any discussion or information contained herein serves as the receipt of, or as a substitute for, personalized services or advice of any kind by your professional adviser.  Instead, the communications distributed through this web site are strictly for informational and educational purposes only.

The web site materials are solely for informational purposes.  You will not rely on the statements contained in these materials, or use them to form the basis for any decision.  They are not, and should not be, regarded as investment advice or as a recommendation regarding any course of action.  They are based in part on publicly available information whose accuracy or completeness the author has not independently verified.  The author disclaims any and all liability that may be based on these materials and any errors or omissions contained within them.  Opinions expressed in these materials are preliminary and based on information prevailing as of the date specified, are subject to change without notice, and will not be updated to reflect new facts or assumptions.  Reasonable people may disagree about the opinions expressed in these materials.  Results of decisions based on the information contained in these materials could vary widely and you are solely at risk for your decisions.  The author does not purport to, and does not in any fashion, provide investment, tax, accounting, actuarial, or legal advice or any related services.  You should consult your own advisors in these areas before making any decisions.  Past results neither guarantee nor predict future results.  The author does not have any liability for any damages of any kind whatsoever relating to these materials.

The author expressly is not providing services to any employee benefit plan, including as a fiduciary or advisor to any employee benefit plan, and should not be mischaracterized as such.  The author expressly disclaims any authority, responsibility or control over the investment of any employee benefit plan assets, or the management or administration thereof.  By clicking on the acknowledgement, you agree not to use any information contained in these materials as the basis for decisions regarding the investment of any employee benefit plan assets.

CIRCULAR 230 DISCLAIMER

Pursuant to Internal Revenue Service Circular 230 governing written tax advice, unless otherwise expressly indicated, any tax advice contained in this communication, including attachments, may not be used or relied upon for the purposes of (i) avoiding any penalties that may be imposed by any governmental taxing authority or agency, or (ii) promoting, marketing or recommending any tax-related matters addressed herein to another party.

TERMS OF USE INCORPORATED BY REFERENCE

Our Terms of Use of this web site are incorporated herein by reference as if fully set forth herein.