Make sure you claim this in 2013 if you qualify. This might not be available in 2014. •The $250 above-the-line deduction for school teachers – no doubt, by now, you’ve already spent more than this for your classroom and students. In fact, you probably have excess costs which you will report as itemized deductions. Anthony…
Will rising interest rates put an end to the stock market rally?
Answer: Rising rates have little effect on stock returns over extended periods of time, Bonds on the other hand tell a different story.
What would George Bailey be like if he became The Wolf of Wall Street?
Greed is good…. http://www.ritholtz.com/blog/2013/12/martin-scorseses-its-a-wonderful-life-wolf-edition/
What is the best Christmas gift for a child? A MUST READ!!!!!
The average person spends $271 on each child for Christmas. If this money was put in a low cost index fund and earned a slightly below average return of 8% a year, after 61 years the account would be worth $299,964!!! For a 4 year old this would be a nice amount to have at…
Hours and hours of boredom punctuated by moments of sheer terror how flying a plane and investing are similiar
Investing is very simple but difficult. It is how you act when it seems like the world is ending that will determine your success. Most market gains come in very short time periods and if you miss these days your returns will be devastated. The numbers prove this very clearly .As Peter Lynch once said,…
How should you divide your paycheck between saving and spending to create a sound budget??
A good rule of thumb to deal with your after tax take home pay would be the following: 50% needs and essential purchases, no more than 30 percent on a mortgage or rent 30% wants or stuff that you enjoy 20% savings that you could divide this between your 401k and bank savings account …
How much does it cost to raise a child from birth to age 17 ???
This does not INCLUDE college!! 30% Housing 18% Child Care and Education 14% Transportation 16% Food 8% Health Care 8% Misc. 6% Clothing Grand Total = $234,900
6.7% of colleges are offering fixed rate tuition
The same tuition for the length of your enrollment. This is a trend for the future. Ask the schools you are interested in if they offer this. Read on…..http://bigstory.ap.org/article/fixed-rates-are-latest-college-tuition-plans
How can you add $146,000 to your retirement account?
Take advantage of the catch-up $5,500 that is available when you are 50. You can max out at $17500 and then add $5500 to that number. Over a period of 15 years this $5,500 will grow to over $146,000 compounded at 5%. It is not too late to start……. If John continues to make this…
How much income do you need in retirement?
Most people believe that 75-85% of current income will do the trick. The answer is it depends. Read on…. http://online.wsj.com/news/articles/SB10001424052702304173704579264463292233346?mod=trending_now_1