Leading up until today there has been quite a buzz regarding the US Gross Domestic Product (GDP). Today the reports are out and although our GDP shrank less than expected the news is still bleak.
[Read More...]The U.S. economy shrank the most since 1982 in the fourth quarter as consumer spending recorded the worst slide in the postwar era, a trajectory that’s likely to continue in coming months. The 3.8 percent annual pace of contraction in the final three months of…
The title of this post is a bit misleading because the money I speak of is not completely free. It requires you to do a little work to earn it. Actually, I hesitate to use the word “work” because to collect the money you’re going to need to stop doing that - working. Don’t just stop showing up or stop doing your work at the office - getting fired won’t do the trick. You need to somehow convince your employer…
[Read More...]The graphic below is guaranteed to leave you scratching your head. It depicts the decrease in market value of the worlds largest banks over the past 18 months. Click on the graphic to see a larger version. Notably missing from this analysis is Bank of America, although I’m not sure why they were left off - they have lost 85% of their market value in the same period.
As promised in my previous post regarding tax documentation, I wanted to review several options for doing your taxes and hopefully some helpful tips along the way.
By this time, you should have received most of your basic documentation like W-2’s (income) and 1098’s (mortgage interest). You may have received some 1099’s for bank account interest and/or investments sold, but these will continue to come into early February. Make sure you are armed with all of your documents before you get…
[Read More...]One of the most important parts of losing a job or taking on a new job and leaving your current employer will come around moving the pile of cash you have accumulated in your 401(k). Below I have outlined the things to keep in mind through-out the process.
1. Should you roll your 401(k) into an IRA or your new employers 401(k)
[Read More...]Are you transitioning directly into a new job?
Your best option if you are changing employers is to roll your 401(k)…
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