Archive for Apr, 2012

Uptick for Jobless Claims

Source: Wall Street Journal 4/27/12 and The past several weeks has shown some slight increase of those making claims for unemployment benefits, from 375,500 from 2 weeks ago to 381,750 last week. This is a 4 week rolling average that peaked at over 600,000 in 2009. In 2010 we [...]

Social Security Will Go Broke in 21 years

Source: Wall Street Journal 4/24/12 Reported yesterday that earlier estimates were 24 years, but now 21 years. If reserves for disability benefits were combined with retirement, reserves would be exhausted by 2033. Social Security and Medicare account for 1/3 of the federal budget. If the trust [...]

Delaying Social Security Retirement Income

Interesting article in the Wall Street Journal comparing delaying taking early retirement income benefits (age 62) to Full Retirement Age (FRA) or age 70. Several articles recently have covered this topic from the perspective of the benefits delay in the first stage increases them about 6% and then [...]

The History of Retirement, From Early Man to A.A.R.P.

Great Article I stumbled upon about the History of Retirement from the New York Times. Excerpts: IN THE BEGINNING In the beginning, there was no retirement. There were no old people. In the Stone Age, everyone was fully employed until age 20, by which time nearly everyone was dead, usually of [...]

Ohio Unemployment Compensation New Guideline

The Ohio Department of Jobs and Family Services (ODJFS) is notifying current and past recipients of unemployment compensation, the regular requirement to apply for 2 jobs per week is staying the same, except that recipients of unemployment compensation must keep a written record of actions taken [...]

Austerity- Rarely Used, but Great Word

Merriam-Webster named Austerity as the word of the year in 2010, but these days it isn’t a word we use often. defines it as 1. austere quality; severity of manner, life, etc.; sternness. 2. Usually, austerities.  ascetic practices: austerities of monastery life. 3. strict economy. I [...]

Money Key to Escaping Abuse

Very interesting article in the Columbus Dispatch about domestic violence shelters providing financial counsel and education as part of the process to help those trapped in abusive relationships, where often money is used to trap them.

Unemployment Rate Dipped Slightly

March unemployment rate dropped to 8.2% from 8.3%, a three-year low. Economists were not excited, since the economy added fewer than 200,000 jobs, indicating that the drop in rate may be attributed to those out of work for a long time and are not actively seeking employment.

Benchmarking Asset Allocation Investment Performance Results Using Indices

My article entitled The Asset Allocation Style of Investing, highlighted this method of investing made popular from the study by Garry P. Brinson, Brian D. Singer, and Gilbert L. Beebower that found that over 91% of long-term portfolio performance is derived from the decisions made regarding asset [...]

The Asset Allocation Style of Investing

There are four ways to invest money, and the most boring way works best for most people: Asset Allocation. The other three ways to invest: strategic asset allocation, market timing or picking stocks are more sexy. Next time investing comes up at a cocktail party you will be sure to hear someone [...]

Jobless Claims Lowest in 4 Years

The Labor Department said that new application for unemployment benefits in March fell to the lowest level in nearly four years, indicating employers are laying off fewer workers.

How to Break the Pay-Day Loan Trap

A lot of people are stuck in a cycle of using Pay-Day and Checking Cashing stores, and they don’t know how to get out of them. First let’s understand how they work to both help people then trap them in an ever ending cycle of debt and pain. Loan is given, equal to one or two paychecks, and is [...]

Diamonds the New Gold?

There is a commercial running now advertising investing in diamonds instead of gold, touting “diamonds the new gold.” Many people have lost interest investing in gold, since the price has dropped to around $1,600 per ounce from a high of a $1,895 in September of 2011. Unlike gold, for the average [...]

Stock Act Signed Into Law, Finally!

The Stop Trading On Congressional Knowledge, or Stock act was signed into law yesterday April 4th, 2012 by President Obama, prohibiting members of congress from buying and selling stock based upon inside information. It is about time that this was passed, given the 6 years the bill has been worked [...]
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