Archive - October 5, 2010

1
Improve Your Financial Health By Ignoring Conventional Wisdom
2
Two Words to Ask Your Financial Adviser About
3
What happens with my state income taxes when I move?
4
23 Fun Questions and Facts to Test Your Financial and Investing Knowledge
5
Boosting Returns in a Stagnant Economy

Improve Your Financial Health By Ignoring Conventional Wisdom

Taking the easy way out – it is so overwhelmingly tempting it’s a surprise that we ever agree to do something that we’ve accepted gets us where we need to be but that is going to be tedious, difficult, ignored by others, or worse, scoffed at.  The practice of self discipline can be life changing once mastered.

This is true in the pursuit of good health.  Having the discipline to eat good things in small amounts, working your body through exercise, resting your mind and your body, getting involved in things, people and organizations you genuinely care about.  It is …

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Two Words to Ask Your Financial Adviser About

If you care about you or your family’s financial future, you should care. Doesn’t sound like much of a big deal, but these two words, fiduciary and suitability, are critical to determining the type of care you receive from your “trusted” financial advisor.  Unfortunately most of the public is not aware that a minority of advisors are held to a fiduciary standard while the vast majority of advisors are held to a much lower, suitability standard of care.

Who is held to a Fiduciary standard of care and who to a Suitability standard of care?

Currently, only independent Registered Investment …

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What happens with my state income taxes when I move?

There are many factors in determining whether or not you will need to file a tax return in any particular state. Where you maintain your permanent residence, or domicile, is just one of those factors. In a year in which you move from one state to another you need to understand how state taxing authorities determine your domicile.

Most states look at where you maintain a domicile or permanent residence in order to determine residency for state income tax purposes.  A taxpayer may only have one domicile, but have more than one home.  Domicile is based on many factors, including …

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23 Fun Questions and Facts to Test Your Financial and Investing Knowledge

Test your financial IQ and knowledge with the 23 fun facts and questions below.  Post your score at the end and compare financial knowledge with others.

Question: How much will $100,000 grow to in 30 years at a 5 and 8% annual return?

In 30 years, $100,000 will become $432,194 if invested at 5% but $1,006,266 if invested at 8%. That is 132% more. Your investment choices make a big difference!

Question: How much did the average investor earn between 1988 – 2008?

• While the S&P 500 Index earned an average annual return of 8.4% during 1988-2008 ($1 would

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Boosting Returns in a Stagnant Economy

Article in Summary:

  • Many Savings accounts and CDs are paying less than 1% annual return.
  • Consider short or mid-term bonds for higher returns (but with more risk).
  • Investors are best served by investing in a combination of CDs, high quality short term bonds, and some high quality intermediate term bond funds

It is important for us to stay diversified and keep a prudent amount of our portfolio in fixed income investments – but where? We can avoid interest rate risk and default risk with CDs; however, we may sacrifice on return. Currently most short term CDs are paying less than …

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