Category Uncategorized
Socially Responsible Investing
A few months ago a client asked me, “Do you ever use SRI funds or social screens in selecting investments?” My answer was that we generally don’t seek out SRI funds. Instead we advise clients to seek out the investments that best meet their financial needs and then approach charitable giving separately. But I […]
Expiring at the end of 2013
A variety of tax credits and deductions are going to expire at the end if 2013. Typically there is always some last minute negotiations and it would be perfectly unsurprising to see some of these renewed or extended. But it’s nothing like the massive set if expirations which almost happened last year. Here’s a nice […]
Rick Ferri sometimes uses actively managed funds!
But he does so selectively and carefully, with an eye on exactly when and why such a fund may be better than an index fund or index ETF. Very much worth reading. His thoughts on the matter overlap my own very significantly: http://www.forbes.com/sites/rickferri/2013/11/12/when-active-funds-make-sense/
Is the Debt Ceiling Constitutional? What can be done if it’s breached?
It isn’t entirely clear that the debt ceiling is constitutional. Neither, however, is there a clear remedy for violating it. Bartlett (and in an op-ed linked to by him, Tribe) discuss some alternatives which may be “more or less unconstitutional” than default — such as either the President or the Treasury choosing to prioritize payments. […]
WSJ: Jason Zweig – Saving Investors From Themselves
And amazing and touching column from one of my very favorite journalists. <http://blogs.wsj.com/moneybeat/2013/06/28/the-intelligent-investor-saving-investors-from-themselves> Zweig’s column in the WSJ is must-read stuff every week, and his book Your Money and Your Brain was absolutely fascinating.
58.7% increase in tax rates at the beginning of 2013 for income above $11,950
Yes, you read that right. There was a 58.7% increase in tax rates on taxes paid by certain taxpayers as of the beginning of 2013. That’s the increase in capital gains taxes for folks in the highest ordinary tax brackets, due to the increase in the capital gains rate from 15% to 20%, and the […]
“The 411 on 529 and other college savings plans”
“The 411 on 529 and other college savings plans” <http://www.onlinecolleges.net/2013/04/18/the-411-on-529-and-other-college-savings-plans/> A nice summary of some of the issues, both good and bad, about 529 plans and some other alternatives for saving for college. Particularly nice to see the two main variations of 529s discussed – “college savings” versus “prepaid tuition”. We don’t see discussion of […]
Nice summary of how advisors get paid
Nice summary of how advisors get paid Nice summary of how advisors get paid, via Financial Ducks In A Row (Jim Blankenship). Discusses commissions, fee-based and fee-only.
Forbes: 7 Questions To Test Your Financial Literacy
Great, short, informative article. I can’t tell you how many times I run into #3 and have to explain the difference between a container and what one puts into a container. And, given where I live and work, how many people have *way* too much tied up in company stock (#5), and often it’s in […]
Five Signs You Picked The Wrong Financial Advisor
Follow this link to <http://www.businessinsider.com/5-financial-advisor-red-flags-2013-3> Five Signs You Picked The Wrong Financial Advisor by Libby Kane at LearnVest (with a couple of quotes inside from another LearnVest advisor). The article definitely favors Fee-Only and CFP advisers. Naturally, that resonates with us here at Meyers Wealth Management, as that describes us exactly. But just because we […]