Archive - 2010

1
5 Ways To Build Wealth During a Recession
2
What Is The Average Social Security Payout?
3
Which S&P 500 Index Should You Track?
4
New IRS Rules That May Affect Your Investments
5
4 Ways To Avoid Investor Fraud

5 Ways To Build Wealth During a Recession

In challenging times like this it is hard to build wealth . As part of your personal do it yourself financial plan you need to be able to ride out economic downturns associated with high unemployment, slow consumer spending, and a depressed stock market.  You can keep your head above water with these five tips :

1. Think past frustration, fear and/ or anger and get educated about possibilities . Your greatest worry in the unknown. Focus on what you can do and figure out when you should do it. Make it something you do regularly. For example, at the …

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What Is The Average Social Security Payout?

Here are some Social Security numbers I recently ran across that I found interesting.  The figures are from the current information available as of October, 2010:

The average retired worker receives $1,172 in monthly Social Security retirement benefits, and the average couple receives $1,892.  The average disabled worker receives $1,066 in Social Security disability benefits each month, and this amount increases to $1,803 for a disabled worker with a spouse and child.

The average widow or widower receives a total of $1,106 in Social Security survivor benefits per month, whereas a younger widow or widower with two children receives an …

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Which S&P 500 Index Should You Track?

Did you know there are two versions of the popular S&P 500 market index? The equally weighted version is similar to investing the same amount of money in each of the 500 stocks tracked. This varies from the more popular capitalization weighted version of the index, which is effected more by the movements of larger companies.

It has been widely reported that the S&P 500 averaged an annualized loss of 1% during the last decade (these statistics represent the performance of the cap-weighted version of the index). You might be surprised to learn that the equally weighted version of the …

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New IRS Rules That May Affect Your Investments

The IRS has established new tax reporting requirements for broker-dealers (including mutual fund companies and other custodians of financial assets) that will begin in January 2011.

For most securities purchased and sold on or after January 1, 2011, broker-dealers will be required to report cost basis information to the IRS on Form 1099-B, as well as whether the holding periods for the transacted securities were short-term or long-term in nature.

While you may currently receive cost basis information on the supplemental pages of your year-end Consolidated Tax Statement, your financial institution has not previously provided this information to the IRS.  …

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4 Ways To Avoid Investor Fraud

Investor fraud has become an all too common newspaper headline, affecting individual investors, charitable organizations, and even pension funds. Here are four common sense tips that may prevent this costly crime from happening to you.

1.  Know your advisor.

Advisors are registered with government organizations.  You can research a firm’s registration and review any record of past complaints with either the Securities and Exchange Commission (www.sec.gov) or your appropriate state regulatory agency.  If a firm is a broker-dealer, you can research its complaint history with the Financial Industry Regulatory Authority (www.finra.org).

You should also be aware …

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