April30

With Economy Stalling, Time to Sell in May and Go Away?

Should you follow the old Wall Street adage to “Sell in May and Go Away”? You might be tempted to do so, especially with economic growth crawling at a measly 0.5 percent annualized pace in the first quarter, consumer spending decelerating for the past nine months and corporate earnings on track for a third consecutive
  • Posted by Jill Schlesinger
  • 10 Tags
Read More
April29

#269 Behind the Curtain of Hedge Funds

What’s behind the curtain at those often-discussed, murky hedge funds? According to our guest Mark Spindel, the managers of these risky investment vehicles for the rich pretty much do what we do: try to figure out what’s going on in the world (aka assess the macro economic outlook), weigh the risks that exists and put money
  • Posted by Jill Schlesinger
  • 9 Tags
Read More
April27

Estate Planning Lessons from Prince

Following Prince’s death last week, his sister has filed documents that say he did not have a will. He’s not alone…according to recent survey, just a little over half of American have a will or living trust document. That’s a shame because dying without a will (“intestate”) can create a complicated mess that can take years to
  • Posted by Jill Schlesinger
  • 11 Tags
Read More
April23

Snails’ Pace Growth to Keep Fed on Sidelines

There are now dueling economic growth forecasts by regional Fed banks. The Atlanta Fed’s GDPNow model forecast for Q1 GDP growth is 0.3 percent and the Federal Reserve Bank of New York’s recently unveiled Nowcast model anticipates that GDP will expand by 0.8 percent. Forgive us if we are not that interested in the half of a percentage
  • Posted by Jill Schlesinger
  • 8 Tags
Read More
April22

#268 Father of 401k Wants a Simpler Retirement Plan

When Ted Benna, aka The Father of the 401(k), examined Section 401(k) of the tax code after it became effective in 1980, he realized that there could be a way for workers to save more money for retirement on a tax-deferred basis. The extra benefit that he saw was that employers could add a match, which
  • Posted by Jill Schlesinger
  • 6 Tags
Read More
April16

How to Spend Your Tax Refund

The IRS says about 82 million taxpayers have received an average refund of about $2,800. Although many love the concept “found money,” a refund is really just the return of a yearlong, interest-free loan that you extended to Uncle Sam. Before the financial crisis, Americans would use refunds to purchase a new toy, but according to Adobe Digital Index, taxpayers
  • Posted by Jill Schlesinger
  • 1 Tags
Read More
April16

Banks’ Living Wills Pronounced Dead on Arrival

Last week, U.S. regulators essentially pronounced the so-called Living Wills of five of the eight largest financial institutions (Bank of America, Bank of New York Mellon, JP Morgan Chase, State Street, and Wells Fargo), dead on arrival. The other three (Goldman Sachs, Morgan Stanley and Citigroup) fared better, because their plans escaped being termed “not
  • Posted by Jill Schlesinger
  • 14 Tags
Read More
April15

#267 How to Sell Your House

It’s spring real estate season and if you’re preparing to sell your house, don’t miss this episode! Our guest Denise Rothberg, a realtor at Julie B. Fee/Sotheby’s International Reality in New York discusses how to transform the emotional process of selling a home into a business transaction. Download the podcast on iTunes Download the podcast
  • Posted by Jill Schlesinger
  • 9 Tags
Read More
April11

Should you go into Student Debt to Pay for College?

With the cost of tuition, fees, room and board at public four-year colleges running around $20,000 — and up to $70,000 for some elite private schools, how can families foot the steep education bill without getting crushed by student debt? Now that college acceptances are in, it’s time to figure out how to pay for that
  • Posted by Jill Schlesinger
  • 10 Tags
Read More
April09

DOL Fiduciary: Fin Services Fights Customer-First

Just in time for National Retirement Planning Week, the Department of Labor released its final rule about the fiduciary standard for professionals who service retirement savers. The rule change is likely to accelerate the current disruption to the industry, as fintech companies may become the beneficiaries of a mature industry’s reluctance to embrace a customer-focused approach to doing business. Let’s take a
  • Posted by Jill Schlesinger
  • 10 Tags
Read More