Archive - January 2015

1
SP Finishes Negative For January: Is That A Crash Indicator?
2
Forget to Take Your RMD?
3
Other People’s Property
4
Greek Crisis To Hurt U.S. Stocks
5
When Love and Money Clash

SP Finishes Negative For January: Is That A Crash Indicator?

The SP500 stock index went down 1.3% today to 1,995 points, closing out January with a 3% loss for the month.  January is an important indicator because annual bonus money is used to buy stocks then and so as January goes, so goes the year. This year will have scary debt negotiations with Greece which will probably result in more stimulus from the ECB to Greece which will cheer the stock market but it won’t be enough to break the now developing bear market in stocks. Once the thrill of a new ECB Greek stimulus package becomes yesterday’s boring old… Read More

Forget to Take Your RMD?

6629120915_556a318093_nIn case you forgot to take your required minimum distribution (RMD) for 2014 there’s still hope in order to avoid the 50% (yes, that’s FIFTY percent) penalty of the amount not withdrawn. If you missed taking the RMD for 2014 here’s what you can do. According to the IRS the penalty may be waived if you can establish that it was due to reasonable error that you didn’t take the RMD and that reasonable steps are being taken to remedy the error. That is, take the 2014 RMD right away (or as soon as you can let your custodian know)… Read More

Other People’s Property

Corporate Governance

In his 1914 collection of essays called Other People's Money and How the Bankers Use It, Louis Brandeis argued that powerful men such as J.P. Morgan leveraged unbalanced control of the public's assets to their own benefit. One hundred years later, not much has changed. If Brandeis were alive today, you can be sure that he would be advocating for new systems of financial accountability for those on top of the financial hierarchy. The world now has more stock owners than ever before. Increased ownership is a triumph for the free markets, but it also diminishes the influence of… Read More

Greek Crisis To Hurt U.S. Stocks

   The broad index of the New York Stock Exchange Composite (Yahoo ticker ^NYA) reached a peak July 3, 2014 and has been lower for seven months. The SP fell through the 100 day moving average yesterday. Apple’s profits were a bigger in one quarter than the profit of the bottom 80% of the SP500 for the past six years. What is happening is that small cap and medium or mid cap stocks have topped out in summer 2014 and have failed to stop going down. Instead a tiny handful of glamourous hyper profitable companies like Apple are pulling the… Read More

When Love and Money Clash

By Eve Kaplan, Certified Financial Planner®

In honor of Valentine’s Day, let’s look at how a couple with severe financial differences was able to avoid divorce.  Arguing over money is a very common problem in marriage — “financial issues” are amongst the top 3 causes of divorce in the US (along with “basic incompatibility” and “infidelity.”)

Susanna and Jason are both 53 and have been married 27 years; they have a 16 year old daughter. Susanna and Jason told me they constantly were locked into arguments about money. Their daughter sometimes was caught in the crossfire.  (Note: details bear no …

Read More

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