Archive for Nov, 2012

Weekending Financial Scorecard

Here’s the most important financial data that you need to know to be fairly well informed, or at least sound that way at the Holiday cocktail party. Each Friday evening I post the data of 8 financial market’s, and 10 economic indicator’s weekending scorecard. As of 11/30/12 What the heck happened [...]

The US Economy Growing (GDP) at Good Rate, Is It Enough?

The Commerce Department announced Thursday that the Nation’s Gross Domestic Product (GDP) increased at an annual rate of 2.7%, for the third quarter. Is it time to celebrate that the economic recovery has arrived? GDP tracks the size of our economy by calculating the total dollar value of all goods [...]

Budgeting For Extra Charitable Donations

Here is a cool idea, consider adding a new category to your monthly budget for ‘special giving.’ While doing some budget planning with the program we use; YNAB, or You Need a Budget, I noticed for some months throughout the year, we gave to various causes. This was in addition to our regular [...]

How to Deal With Perceived Employment Age Discrimination

Is your age in the 50′s or 60′s, and you are looking for a new full-time or part-time job? Do you think you are unlikely to get hired because you are too old? Do you feel age discrimination is really big, and is a barrier when you go to an interview? Job applicants must learn how to deal with this [...]

Should I Buy an Ereader? And The Benefits of Waiting

I love to read, so a few weeks ago I had a burning desire to purchase an Ereader. I had a lot of reasons for purchasing one, and came up with a great list of my rationale: Ease of getting a book and reading it without the delay of going to the bookstore or library Ability to look up words in the [...]

Tax Planning: In Uncertain “Fiscal Cliff” Times & Year End Tax Planning

Kevin Koval, CPA, ABV, CFP and Roger C. Nagel, CPA, CMA of Nagel, CPAs* With the completion of the presidential elections there has been much discussion focused on the so-called “fiscal cliff”. Many economic forecasts have stated that President Obama and Congress need to reach some agreement to [...]

Time to Check Your Car’s Battery

Fall always seems to be the best time for me check my car’s battery. You might want to also, if you don’t want to get stuck somewhere without a good battery. This is especially true for folks driving through not-so-safe neighborhoods now that it is getting dark much earlier, or up north in our [...]

Financial Thanksgiving

With Thanksgiving only one week away, I thought it would be good to have a financial Thanksgiving post; The attitude of being thankful is one of the foundational feelings we can have for helping us do well financially. When we are thankful for the things we have, we are content and are not in the [...]

Annuity Guarantees and Trusting Insurance Companies

Hartford Financial is seeking ways to lower its exposure on some annuity contracts it sold. Stories like this make people wonder if they can trust insurance companies, and believe the annuity guarantees. I believe though, most insurance companies are very trustworthy, and the income guarantees are [...]

14 Ways to Save Gas

Gasoline prices have trickled down in the last few weeks, however they are still about double what they were 4 years ago, making it important to get the most mileage out of each gallon of gas as possible. Some of these tips come from “20 ways to save gas this summer” Popular Mechanics 7/2012 [...]

Do We Appreciate Businesses Enough?

The presidential campaign had me wondering which presidential candidate would have been the most pro-business. Investors in business might not think Obama is great for business, when you consider the 313 point drop in the DOW yesterday. Let me say at the outset that I am not taking political sides [...]

Hyundai and Kia Overstated Gas Mileage Refund

The U.S. Environmental Protection Agency said Friday that Hyundai and Kia overstated gas mileage ratings for over 900,000 autos sold since late 2010 and into 2012. You may recall their commercials advertising a lot of 40 mpg models. The South Korean company’s explanation for the erroneous estimate [...]

How to Drop Expensive PMI from Mortgage

PQVZCCWKQENX Private Mortgage Insurance (PMI) is expensive insurance that protects the lender if you foreclose, not you but you have to pay for it. It is required if you put less than 20% down when you purchase a new home, unless you can prove that your total equity is equal to or exceeds 20% (22% [...]

October Unemployment Numbers Announced

Unemployment, New Jobs, and Jobless Claims Statistics:* Negative: Unemployment INCREASED in October to 7.9% from 7.8% in September: September’s was the lowest rate since January 2009, and was good improvement over August’s 8.1%, so this shows things are really remaining about the same. However, [...]

14 Sources of Funding College and Calculators

College costs are going through the roof! You’ve seen the headlines. How are you going to pay for college, and what is going to cost you or your kids? A 4-year college costs on average  $21,447 for in-state public and $42,224 for private per year for tuition, room, and board. That’s a total of [...]
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