Anthony Isola

How much do you need to retire?

According to Jason Zweig of the WSJ, the new number is 22X your salary. For example if you want $100,000 in income for your retirement you need to have 22X that amount or a total of $2,200,000. You will never get close to that amount if you are not saving 10-15% of your salary. You…

How you can use a Roth IRA to pay for college

From Scott Hanson If you have children or grandchildren whom you hope will go beyond high school and receive a college education, there’s a good chance you’ve thought about setting some money aside to help pay their expenses. There are some terrific ways to do this, including utilizing 529 plans, but one savings vehicle that…

No trial by jury for your brokerage account

Most investors do not know this. When you open a brokerage account you waive the right to use the criminal justice system. You must settle all disputes with arbitration that is pretty much rigged against the individual investor. Nice….. The most insidious role of FINRA is running the mandatory arbitration system that adjudicates disputes between…

Go to sleep and help the markets and economy grow

fascinating numbers…   Get some sleep, boost the economy                               Feb  2 2014, 08:30 ET                              “Many of us need more sleep,” write Harvard economist Sendhill Mullainathan in the NYT. “The economic consequences of inadequate sleep are surely huge,” Mullainathan adds. In one month in 2008, a poll showed that 29 percent of…

What is the most dangerous thing you learned in school?

How about learning pre-calculus before learning how to balance a checkbook? Maybe exploring paramecium’s before understanding the dangers of credit card debt? The Pythagorean theorem or compound interest? Which would have been more valuable to you? We will attackthis problem with exciting programs from our subsidiary Real$martica.   Coming soon…. More on this read on… http://www.forbes.com/sites/jessicahagy/2012/05/02/nine-dangerous-things-you-were-taught-in-school/2/

Do not listen to investment gurus

From Rick Ferri The results are in and they are bad. After tracking 68 experts and 6,582 market forecasts, CXO Advisory Group has concluded that the average market prediction offered by experts has  been below 50% accuracy. Flip a coin and your odds for predicting the  market are better. It’s hard to imagine that the…

When is the cheapest month to buy car insurance in New York?

From marketwatch.com When to buy car insurance Rates can vary by state and time of year AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyoming New York   Most expensive month: June, July, August, September Least expensive month: December Average annual cost: $1,109.00 ↳ State rank: 48

When is the cheapest month to buy car insurance in New York?

From marketwatch.com When to buy car insurance Rates can vary by state and time of year AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyoming New York   Most expensive month: June, July, August, September Least expensive month: December Average annual cost: $1,109.00 ↳ State rank: 48