Salient to Investors: The tax code option for married couples joint filing is both a social and economic anachronism. Anne L. Alstott at Yale Law School said joint filing is really outdated and does not reflect the new normal. Edward McCaffery at Gould School of Law said in a nutshell,
READ MORE... →Salient to Investors: Franklin Templeton’s 2013 Retirement Income Strategies and Expectations Survey found: 20% plan on never retiring. 33% retired due to circumstances beyond their control. 46% who have not yet started saving for retirement expect running out of money to be their top concern during retirement. 31% of ages
READ MORE... →Salient to Investors: Warren Buffett money tips: Spend wisely and limit buying things you don’t need. Save to fund an emergency fund. Invest for the long-term. Limit or pay-off what you borrow. Never invest into a business or idea that you can’t understand.. Master the basics of accounting and investing.
READ MORE... →Salient to Investors: Banks are offering jumbo mortgages – too big for government programs – at rates at or below taxpayer-backed loans, while the extra cost of 30-yr fixed jumbo loans averaged a 6-year low of 0.16 percent in June. Paul Miller at FBR Capital Markets said bigger loans are becoming relatively cheaper
READ MORE... →Salient to Investors: Evan Soltas writes: The delay until 2015 of the enforcement of the employer mandate to provide insurance to employees may create stress on the implementation of the individual insurance exchanges and the individual coverage mandate. Employers should not sponsor insurance as it masks the true cost of care
READ MORE... →Salient to Investors: Jason Zweig writes: Good advice rarely changes, while markets change constantly. People need good advice, but want advice that sounds good. The advice that sounds the best in the short run is always the most dangerous in the long run. Everyone wants the magical low-risk, high-return investment
READ MORE... →Salient to Investors: Paul Willen at FRB of Boston said if people believe house prices are going up, credit availability will evolve because there is too much money to be made lending to homebuyers. Freddie Mac said the average rate for a 30-year fixed loan is at 3.93 percent versus 3.35 percent in May and
READ MORE... →Salient to Investors: New York City’s retirement system is the only one of the 11 biggest US public-worker pensions that refuses to manage any assets internally. The typical fees for hedge funds and private-equity and real-estate firms is 2 percent of assets plus 20 percent of profits. Last year, three city pension funds
READ MORE... →Salient to Investors: MetLife cut its adviser force by a third, eliminating 2,500 jobs as the company scales back variable annuity sales and turns to other nations for growth. MetLife has 5,000 advisers who sell insurance and investment products, down from 7,500 in February of 2012. Danny Sarch at Leitner
READ MORE... →Salient to Investors: Check list when raising money from investors: Do your research and do not get blinded by the money. There’s no such thing as a silent partner. Set and manage expectations in the very beginning. You need more than money Define your exit plan before you sign, because
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