Sat, June 08, 2013
Last week, the Board of Trustees for the Social Security trust funds issued its annual report for 2013. Despite the temporary reduction in payroll tax collections enacted in response to the Great Recession, they project that the dates for exhaustion of the Medicare and Social Security trusts remain unchanged: the Social Security trust is expected to run out in 2033, and the Medicare trust should do the same in 2026. The Trustees also oversee the trust that covers Social Security Disability benefits, and they warn that the disability trust will be depleted much sooner, in 2016. Read the full article
Fri, September 30, 2011
The November Journal of Marketing Research focuses on research into the ways that consumers make financial decisions. One of the papers describes a potentially useful tool for encouraging young people to save for retirement. Read the full article
Wed, June 22, 2011
Everyone understands, at some level, the need to save for long-term goals. Buying a house, preparing for retirement, or sending a child to college are goals that we know we have to save for. But how much difference does it make whether we start saving now versus saving later? Read the full article
Fri, August 13, 2010
According to a recent analysis of retirement income prospects, Baby Boomers (those born between 1946 and 1964) have a probability of running out of money in retirement that ranges from 43 to 47 percent, depending on their age cohort. Read the full article
Thu, October 08, 2009
Yesterday’s second hour of the radio program “On Point” featured the author of “Buy Ketchup in May and Fly at Noon: A Guide to the Best Time to Buy This, Do That, and Go There.” Read the full article
Wed, September 02, 2009
About 50 million people own 401(k)-type retirement plans, and the percentage of workers with defined-benefit (pension) plans has been dwindling for years. One problem with 401(k) plans is that many plans don’t disclose their fees openly. That would change if Congress moves forward with a bill currently awaiting action in the House of Representatives. Read the full article
Tue, May 19, 2009
May is Disability Insurance Awareness Month. You won’t be getting any “Happy Disability Insurance Awareness Month” cards, though, because Hallmark™ hasn't caught up to this yet. Read the full article
Sun, May 17, 2009
Brokers are not innately bad people, but the systems under which they’re required to function can make it tough for them to work in the best interests of their clients. Read the full article
Thu, May 14, 2009
Could you use some free financial advice from a qualified financial planner? The NAPFA Consumer Education Foundation (NCEF), in collaboration with TD AMERITRADE Institutional and Kiplinger's Personal Finance magazine, will be helping Boston-area consumers make wise money decisions next week on May 20th and 21st.
Read the full article
Sat, April 04, 2009
If you haven’t yet made a 2008 contribution to an IRA or Roth IRA, remember that you must do so before April 15th. You can contribute as much as $5,000 to an IRA for 2008 provided you qualify, and you can contribute an additional $1,000 if you turned 50 during 2008. Permitted contributions are limited to the lesser of your compensation or the contribution limit that applies to your age and Modified Adjusted Gross Income status. Read the full article
Fri, January 02, 2009
2008 has come and gone. There are a lot of people on Wall Street who are glad it’s gone and hope it stays far away.
Read the full article
Thu, January 01, 2009
Perhaps you've made a resolution to do a better job of dealing with your finances in 2009; if so, this blog can help you.
Read the full article
Wed, November 26, 2008
As 2008 draws to a close, take some time to consider what you can do before year-end to reduce your income tax bill. Read the full article
Tue, November 11, 2008
Last week, financial journalist and author Jane Bryant Quinn polled several members of the National Association of Personal Financial Advisors (NAPFA) for our opinions on whether it's still a good idea to have stocks in a retirement portfolio. The consensus? In a word, "yes." Read the full article
Tue, October 07, 2008
A recent survey finds that households that have put into place a comprehensive financial plan tend to experience greater confidence during times of market uncertainty than those that donâ€™t. These households also are more likely to be actively pursuing behavior that enhances the likelihood of financial success. Read the full article
Thu, October 02, 2008
Having discussed why having an emergency fund is a good idea and how big an emergency fund needs to be, I’d now like to talk about investments suitable for an emergency fund. Read the full article
Wed, October 01, 2008
Congress voted down the Troubled Assets Relief Program ("TARP") legislation, much to the chagrin of the financial markets. At the moment, the markets continue to be in distress, despite a "dead cat bounce" in stocks today. What should you be doing in terms of your household finances? Read the full article
Mon, September 22, 2008
The financial markets seem to be taking a breather after last week's roller-coaster rides. We're all digesting the latest news of short-selling restrictions and a $700 Billion stabilization plan for mortgage-related debt. But now is also a good time to step back and think more broadly. Read the full article
Thu, September 04, 2008
Most financial planners advise their clients to have money set aside in an emergency fund. Occasionally my clients ask me why they need to keep money on hand for emergencies.
If you’re like most Americans, once you’ve paid your credit card bills, mortgage, and your other bills, there’s not much left of your paycheck. If you’re someone who lives far below his or her means (by this, I mean that you have two or three thousand dollars a month or more left unspent from your income every month) you have the capacity to cover many typical unexpected expenses, like the sudden failure of your heating system in the middle of winter. If that's your situation, you’re in a position to cover emergency expenses from your cash flow – unless the emergency happened to be the loss of your job, in which case you’d still be in trouble.
The fact is, though, that few households have large amounts of cash flow that go unused from month to month. Read the full article
Wed, September 03, 2008
Master Limited Partnerships are complicated investments in which you share in the profits from an income-generating business. Most often these partnerships make their money in energy-related businesses. They’re publicly traded and offer certain income tax benefits. They aren’t for everyone, however. Read the full article
Return to The FFS Blog Home Page
And now, to keep my lawyers happy: This site is for educational and informational purposes only. Nothing contained here should be construed by anyone as an invitation or solicitation to buy or sell any security. This site does not contain personalized legal, tax, investment, or financial advice. Users of this site should consult with a qualified adviser to obtain advice suited to their personal circumstances. Any links provided here to other web sites are for informational purposes only. We take no responsibility for the accuracy or content of linked sites.
COPYRIGHT THOMAS A. FISHER © 2008 - 2015