With Congress’s latest effort to address America’s economic and budgetary challenges behind us, and with a brief lull before their antics begin again in the winter of 2013/14, we thought it would be an opportune time to revisit the New York Times’s 2010 budget deficit puzzle. You can set your budget priorities – and try […]
Four important but often unknown aspects of 529 college savings plans were highlighted in a recent MarketWatch article. First, you have payment options when taking account distributions. Second, the IRS will be made aware of your withdrawals by the plan administrator. Third, your withdrawal may not be tax-free even in a year with significant college […]
Reverse mortgages allow homeowners age 62 and up to borrow against their home’s equity without making payments. But the Federal Housing Administration (or FHA), which insures most reverse mortgages, is announcing new rules that will make it harder for seniors to tap this potential source of retirement income. The new rules are designed to strengthen […]
There are literally thousands of “financial advisors” in the American financial services marketplace. MarketWatch provides some helpful guidance in understanding the very important distinctions between them. You can read the entire August 16, 2013 article here.
Shortly after American actor James Gandolfini died last month, his will became public, and with that, a debate ensued about his estate planning (or lack thereof). In an interview that is the basis for much of a recent article in the New York Times, Mr. Gandolfini’s attorney defends the structure of the star’s estate planning. […]
In the July 22, 2013 issue of Investment News, author Mary Beth Franklin answers a number of interesting questions and clarifies several misconceptions about Social Security rules and claiming strategies. You can read the entire article on the Investment News website here.
Quote of the day: “…persistence of performance among past [active mutual fund manager] winners is no more predictable than the flip of a coin…”. Focus on things you can control, like your asset allocation, rebalancing to manage risk, and your investment expenses. You can read the entire April 8, 2013 article from CBS Money Watch […]