Consider these facts on aging from the 2010 Census¹: The highest growth rate for a 10-year age group within the older population (age 65+) was for men 85 to 94 years old (+46.5 percent). Women in this age group grew by 22.9 percent. Men 90 to 94 years old had the fastest growth rate (+50.3 […]
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Vacation home sales jumped 57% to an estimated 1.13 million for the 12-month period ended December 31, 2014, exceeding the recent peak level reached in 2006.¹ When it comes to insuring your second home, you may find that the coverage you need is quite different than what you have on your primary home. The Unique […]
Starting your investment portfolio can seem like a challenge, especially with the vast number of stocks, mutual funds, and other options out there. What is important is to figure out what makes your financial plan unique, and how you can make your money work for you, not against you. If you have friends or coworkers […]
America leads the world in economic productivity, total economic output, earnings and wealth per citizen and a variety of other categories. Now we can add something new to the list: time spent in automobiles during our daily commutes to work. The annual Traffic Scorecard compiled by INRIX in Kirkland, WA reveals that the average automobile […]
We’re in one of the longest-running, biggest wealth-producing bull markets in history, but you wouldn’t know it from the headlines or the gloomy mood of investors. On March 9, the bull market in U.S. stocks, represented by the S&P 500, celebrated its seventh year. The index has risen 194% since closing at 676.53 on March […]
Most people have seen bogus emails purported to be from the executors of the estate of Nigerian princes or other obscure foreign notables who want to give them millions of dollars, and sometimes they get bogus calls telling them they can win a lottery sweepstakes or receive debt relief. But apparently one of the most […]
It’s the middle of tax season, and many people are looking forward to getting back a good chunk of change from the federal government. If you’ve kept good records and noted each amount that was taken out of your paychecks, then you have a pretty good idea of what your tax refund will be this […]
In recent years, a new category of assets has appeared on the scene, which can be more complicated to pass on at someone’s death than stocks, bonds and cash. The list includes such valuable property as digital domain names, social media accounts, websites and blogs that you manage, and pretty much anything stored on the […]
Years ago, the way to most efficiently save on estate taxes was to set up credit shelter trusts that would pour assets from one spouse to another when death occurred, so that both spouses would get the maximum estate tax exemption. In those simpler days, people who didn’t have to pay estate taxes didn’t have […]
Chances are, you know that it takes steady savings to accumulate wealth. A recent article in Business Insider actually calculated how much you’d have to invest each day in order to become a millionaire. Suppose your investments earn an average 7% yearly return, and you want to have $1 million by the age of 65. […]