Two and half months ago, we wrote about Facebook’s upcoming initial public offering. Since then, more information has been released about the company and its strategy going forward as evidenced in the $1B Instagram acquisition. Still, our investment thesis hasn’t changed. Read More.
On a daily basis, we are reminded of how we live in a global economy in which news overseas can impact us in the United States and vice versa. By the same token, a sputtering or slow growth U.S. economy can also lead investors to search for opportunities overseas to at least diversify their exposure to risk. Still, many investors have yet to get over the fear of allocating a portion of their portfolio into foreign economies. Read More.
Individual tax returns or extensions were due about three weeks ago. Yet, many filers likely discovered that they made a mistake by unintentionally under-reporting income or expenses. Still, the taxpayer needs to correct it, even if that means ultimately having to pay more tax and amending their federal and state tax returns. So, what are the chances of being audited now that you have to amend your tax return? Read More.
The jury is still out on what will happen to the social security program which is expected to become insufficient by 2033 or in roughly 20 years. This means that workers under the age of 42 aren’t expected to receive the full social benefits due to them. Rather, they will be lucky if they get 75% of their benefits. Still, it is important to know when is the right time to start taking social security benefits. Read More.
Banks are still only offering clients a whopping 0.50% per year and only 0.91% for the most generous savings accounts. Clients in search of a home equity loan may be hard pressed to find an interest rate below 6%. Many families are noting this spread and taking the middleman (i.e. bank) out of the equation. The financial benefit with this approach does come with certain risks. Read More.
While personal bankruptcy rates are on the decline from a high of almost 1.6 million in 2010, there were still nearly 1.47 million individuals that filed for bankruptcy in 2011 (source: uscourts.gov). If you believe you’re on the brink of financial collapse, it is important to know when is the right time to file for bankruptcy. Read More.
The new 401(k) disclosure rules will soon provide employees with information about the fees and expenses connected to their 401(k) plans. The fees administrators charge plan participants has always been nearly impossible to identify and many employees mistakenly think their 401(k) is free. Read More.
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