A lack of vision is often the answer to that question. Many are the stories of family wealth lost. In the late 19th century, industrial tycoon Cornelius Vanderbilt amassed the equivalent of $100 billion in today’s dollars – but when 120 of his descendants met at...
The FOMC authorizes a minor reduction in bond buying starting in 2014. December 18 turned out to be T-Day: the day on which the Federal Reserve finally tapered QE3. In making the move, the Fed acknowledged an improving economy; Wall Street quickly and enthusiastically applauded its...
WEEKLY QUOTE“Friendship either finds or makes equals.” – Publilius Syrus WEEKLY TIP If you are divorcing and will have joint custody of your children, clarify who will claim them as dependents on a federal return. If you both claim the same dependents, it might be a red flag for the...
WEEKLY QUOTE“Heroes are not known by the loftiness of their carriage; the greatest braggarts are generally the merest cowards.”– Jean-Jacques Rousseau WEEKLY TIP Think of making a three-pronged attack on future college expenses. Assets from a 529 plan or other form of college savings fund can be complemented by...
More companies are offering them. Will they fix our retirement savings blues? The trend could become the norm. Human resources firm Aon Hewitt surveyed 120 large U.S. companies in 2010 and found that 60% of them automatically enrolled workers in defined contribution retirement plans such as...