The joke among futurists is that flying cars are 20 years in the future and always will be. But a company called AeroMobil has recently demonstrated an elongated, road-ready flying vehicle with stowable wings that can navigate both city traffic and the airspace between landings and take-offs from the world’s airports. Meanwhile, a company called […]
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‘Lifestyle’ Category
Chances are, you know how much you pay in taxes. But how much are taxes costing you in time and preparation fees? According to a Tax Foundation report, using statistics from the Office of Information and Regulatory Affairs and the Bureau of Labor Statistics, tax compliance will cost the U.S. economy $409 billion this year. […]
Everybody should have a power of attorney—that is, a legal document that gives a designated individual the right to act on their behalf when making financial decisions. The power of attorney is most often used by adult children to make decisions on behalf of aging parents when they are no longer capable of making sound […]
Do plants respond to your touch? Do they feel or enjoy music or your singing voice? The answers, according to new research conducted at the University of Western Australia, are yes and no. Lead researcher Olivier Van Aken says that plants rapidly respond when you pinch a flower, step on them or just brush by […]
The number of Americans in or nearing retirement who are still holding significant mortgage, auto, even student loan debt has been rising in recent years. According to recent data released by the Federal Reserve Bank of New York, the average 65-year-old borrower has 47% more mortgage debt and 29% more auto debt than 65-year-olds had […]
Several years ago, Jack’s father died. Jack grieved not only for his father’s passing, but also for his widowed mother who had been married to Jack’s father for 35 years. In due course, Jack’s mother remarried. However, when she eventually passed away, Jack suffered a double loss: Jack not only lost his mother, but also […]
By now most Americans who are saving and investing to pay for college costs have probably heard that so-called 529 college savings plans allow tax-free distributions for qualified education expenses, potentially making them even more attractive and effective than in the past, when they were only tax deferred. Add that tax benefit to other benefits […]
Tracking the performance of your investments can get confusing, due to the various ways of calculating returns. Whether you prefer to use a calculator or spreadsheet software, the following discussion will help you use and calculate common measurements of investment performance to truly judge your investment results. Determining Rate of Return Probably the most basic […]
The trend toward online investing and advisory services, also known as robo-investing and robo-advice is gaining momentum, but industry participants are struggling to get a handle on how retail investors view and/or use robo-services to conduct their financial affairs. Studies Abound Recent research conducted by major asset management firms has gleaned insight, yet often their […]
Home ownership is the cornerstone of the American Dream. But before you start looking, consider a number of things. First, look at buying a home as a lifestyle investment and only secondly as a financial investment. Over time, buying a home can be a good way to build equity. But as recent history has shown, […]