3/3/2014 | 2:14 PM
Good news…401(k) balances, on average, are on the uptick. While the lion’s share of this increase has been due to strong stock market returns, more and more savers are recognizing the incredible benefit of participating in their employer’s plan and, at the minimum, deferring enough to receive the employer’s matching contribution.
2/11/2014 | 11:34 AM
Speaking with your kids about money doesn't have to be tough.
Have the discussion as early as possible, and start off with simple topics. As your kids get older, give them goals to put concepts you discuss into practice, such as creating a budget for their allowance or completing chores to earn money.
Talking to your children about proactive wealth management is a lifelong task. Whether your kids are 5 years old or 17, they may need you to be a source of information on how to financially thrive.
2/6/2014 | 2:56 PM
January 2013 seems farther removed from us than just twelve months. As we entered the New Year back then, the US was teetering on the fiscal cliff, unemployment was almost 8%, Congress had just passed a tax increase, the Affordable Care Act (aka Obamacare) was gatehering storm clouds on the horizon and many market prognosticators were predicting a difficult year for stock markets.
2/5/2014 | 2:13 PM
As a result of a Congressional vote in 2010 to raise the tax-free gift limit from $1 million to $5 million, a large number of wealthy Americans reported making nontaxable gifts in 2012.
The law was originally set to expire in December 2012, a fact that caused many to take advantage of the tax break while they had the chance, causing the nationwide total amount of tax-free gifts above $1 million to surge to $84 billion. Instead of letting the new limit expire, Congress voted to extend it permanently with a new ceiling that adjusts for inflation each year. The current threshold is $5.34 million.
1/31/2014 | 9:30 AM
So, 2014 hasn’t started off with a bang by any means. Think we can all agree on that. Coming off an incredible year of investment returns for a globally diversified portfolio in 2013, January has provided a cold slap in the face – figuratively and, perhaps, literally, depending where you live!