November 30, 2010
According to the Bureau of Economic Analysis, the personal savings rate in the United States as of October 31st was almost 6%. Prior to the market meltdown in 2008, getting over 1% was seen as a success. What is interesting about the savings rate is what it means for consumerism ... Read more November 4, 2010
I often ask women: “Are you someone’s long-term care plan?” When someone in the family can no longer care for him or herself, it’s often the daughter, sister, aunt, niece, etc. who assumes caregiving responsibilities, without a lot of family discussion in advance.
Research shows that 70 percent of primary ... Read more November 4, 2010
We recently wrote about working with a couple where the husband was going to wait until age 70 to take Social Security retirement benefits and utilize the ‘Claim Now, Claim More Later’ strategy where at his Full Retirement Age (FRA) of 66 he will claim Social Security spousal benefits (50% ... Read more November 4, 2010
Every year at this time we get busy looking at year-end tax planning since December 31st is usually too late to make a difference on tax returns. This year we have a slightly different perspective since tax rates may or may not change by next year (unless Congress acts, some ... Read more October 5, 2010
I have always been a big believer in not following the lemmings off the cliff – when markets are overly exuberant it is not the time to buy everything; when the markets are pessimistic it is not the time to sell everything. Call it contrarian investing, counter-intuitive, or just plain ... Read more October 5, 2010
The beginning of another academic year is a milestone for many families. It is also a reminder that there may be college funding challenges looming just beyond the horizon.
Reality Check #1: College Costs Will Continue to Rise
Many observers believe that the college cost “bubble” will burst similar to the technology ... Read more October 5, 2010
Hiring is a tricky business. I know this because I have helped small businesses hire for over 15 years and though every company and position are unique there are a few themes that I see again and again as things to accomplish and things to avoid in the hiring process.
The ... Read more