A look at the economist newly nominated to lead the Federal Reserve. Janet Yellen – currently the vice chair of the Board of Governors of the Federal Reserve – has been nominated to succeed Ben Bernanke at the helm of the world’s most important central bank....
WEEKLY QUOTE“It is our choices that show what we truly are, far more than our abilities.” - J.K. Rowling WEEKLY TIP A retirement plan isn’t simply about reaching a number. As you get closer to your savings goals, keep your life goals front and center. WEEKLY RIDDLE If there are...
Shouldn’t it be rising with all this bond buying? Consumer inflation just hit a 50-year low. So indicates the Federal Reserve’s preferred inflation gauge – the Personal Consumption Expenditures (PCE) price index maintained by the Bureau of Economic Analysis.1 Besides tracking consumer inflation, the PCE price index...
Things to check and double-check before you leave this world. Estate planning is a task that people tend to put off, as any discussion of “the end” tends to be off-putting. However, those who leave this world without their financial affairs in good order risk leaving...
5 Common errors to avoid + 2 big factors to consider. Most families that start 529 college savings plans have done their “homework” about these programs. Missteps are made, though, often with the distribution of 529 plan assets. Here are some of the major gaffes, and...
Comparing & contrasting the potential of some popular vehicles. How expensive will college be tomorrow? The Department of Education projects that by 2030, the tuition cost of obtaining a four-year degree at a public university will surpass $200,000. Staggering? Indeed, but college is plenty expensive already....
WEEKLY QUOTE“Intelligence without ambition is a bird without wings.” - Salvador Dalí WEEKLY TIP Self-employed? The annual deadline to set up a Keogh plan is December 31, and Keogh contributions for 2012 can be made up to the due date for filing your tax return. WEEKLY RIDDLE Victor is...
A summary of what you need to know. Medicare Open Enrollment has arrived. The open enrollment period begins October 15 and ends December 7, 2012. This is not only a period where you may enroll for the program, but also switch providers for your comprehensive health...
WEEKLY QUOTE“It’s not what happens to you that determines how far you will go in life; it is how you handle what happens to you.” - Zig Ziglar WEEKLY TIP If you want to leave your company on your terms, make sure you leave enough time...
What can married couples do to increase joint lifetime benefits? What is your “magic number”? Roughly half of retirees claim Social Security benefits at age 62, as soon as they become eligible. Some people delay benefits and postpone using their retirement savings as an income source....