Financial News Friday – May 24, 2013
Happy Memorial Day Weekend!
Wealthy Families Not Addressing Major Risks in Financial Plan
“Long-term care, out-of-pocket health care costs and financial support for other family members take their toll on families.”
Click Hero To Read The Article at AdvisorOne
Seven Fun Facts About Corporate Taxes
Apple’s legal tax minimization strategies have brought corporate taxes to the spotlight. Here’s seven facts about corporate taxes you probably don’t know.
Click Here To Read The Article At Harvard Business Review
Market Turbulence Poses First Serious Test For Abenomics
There has been massive volatility in the Japanese stock and bond markets over the past week. The Nikkei 225 took a 7.3% dive on Thursday. Abenomics is the nickname for the monetary stimulus policy of the Bank of Japan, so many investors are concerned about whether this massive stimulus package promotes market stability or causes increases in market volatility.
Click Here To Read The Article At Yahoo Finance
Teenagers Taking Responsibility for College Planning
“Overall, 67% said they were very or somewhat involved in the planning process. Seventy-eight percent have researched how to pay for their own education and 54% have contributed to their savings fund. Of the 54% who have contributed to their own fund, 15% do so on a regular basis.”
Click Here To Read The Article At AdvisorOne
Where Does the Money Go in IRAs?
“EBRI finds that most of the new contributions go into Roth IRAs, but most of the assets are held in traditional IRAs, where the money originated from a rollover from other tax-qualified retirement plans (such as 401(k) plans) and not from new contributions.”
Click Here To Read The Article At AdvisorOne
Fidelity 401(k) Balances Hit Record High
“401(k) accounts of pre-retirees (age 55 or older)…reached $255,000 by the end of the first quarter, nearly double since the market low during the first quarter of 2009 when their balance dipped to $130,700.”
Click Here To Read The Article At AdvisorOne
Photo by David Wilson