Archive - May 14, 2013

1
Bonds Away!
2
State Income Tax And Retirement Income
3
Emotionally Charged Money: Inheritance
4
Shareholder Elections: Why Vote?

Bonds Away!

Joey: “So, Ross. If you had a million dollars, what’s the first thing you’d buy?” 

Ross: “I’d probably get some municipal bonds, and then put the rest of the money in the bank and live off the interest.” 

Joey: “Well, we’ve heard from Dr. Fun.” 

–        From Friends, Season 3 Episode 18: “The One with the Hypnosis Tape”

A bond is an investment to receive the repayment of a “loan” at a certain interest rate. The way you invest in bonds matters now more than ever because of low interest rates.

Bond mutual funds are attractive for ease of use, …

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State Income Tax And Retirement Income

On only a few rare occasions does it make sense to defer money to your 401(k) or other employer sponsored plan instead of a Roth IRA. Those occasions include when your gross income excludes you from contributing directly to a Roth IRA (you can still convert), you are currently at a very high tax rate or the case of when you live in a state where retirement income is excluded from state taxation.

Here in Illinois, the current law exempts retirement income from being taxed at the state level. What this means, is that any contributions to a 401(k), 403(b), …

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Emotionally Charged Money: Inheritance

You may be one of the many Baby Boomers or  Gen-Xers who have received an inheritance or will in the not too distant future. It has been documented that the wealth transfer from the “Greatest Generation” to their heirs  will total $14 trillion. If you’ll be receiving an inheritance, it pays to prepare yourself, as no money is more emotionally charged than inherited money.

How Do You Feel About Your Inheritance?

Maybe the money is emotionally charged because you know how hard your parents worked for it. You watched your dad go to work everyday and your mom cook, clean …

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Shareholder Elections: Why Vote?

Each year, stock owners receive requests to vote on a variety of corporate matters, but very few people have the expertise to make an educated election. Owning mutual funds and exchange-traded funds (ETFs) makes the process a bit easier because these fund management companies vote on your behalf.

You know it’s proxy season when your mailbox or email inbox (if you’ve switched to electronic delivery) begins to fill up with proxy voting materials and information about shareholder meetings. Because most investors skip the annual shareholder meeting, votes are typically received online or in the mail through the proxy process, …

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