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Should you invest in Gold?

17 May 2010

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Image by dieselbug2007 via Flickr Over the past few years, the stock market has been tanking. All the while, Gold has been going up and up, seemingly without limit. So why not invest a larger portion of your portfolio in gold?  After all, traditional wisdom says that the stock market and gold are negatively correlated [...]

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Economic Outlook (Guest Post)

12 May 2010

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Image by artemuestra via Flickr The following post was written by Thomas King, a CPA and financial planner based in Kansas City.  The following letter was sent to his clients last week, and he allowed us to repost it in its entirety. These views are not necessarily reflective of his firm, CBIZ. As you are [...]

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To Rent or To Buy

22 April 2010

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With property values diminishing rapidly, many people wonder if now is the right time to buy a house. Luckily, the NY Times has put together an excellent little calculator which can help make the decision for you. A few notes about usage: It doesn’t seem to account for utilities when renting, so make sure to [...]

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Financial Planning Seminar at MIT

13 April 2010

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Just received this email from MIT, so I thought I would forward it along! __________________________________ *Global Education & Career Development Center (GECDC) and Society of Women Engineers (SWE) Present:* *Personal Finance 101* *Date: Tuesday, April 13* *Time: 7:00 PM – 8:30 PM* *Venue: Room 4-231* ** Dinner will be provided! **** Thinking about planning and [...]

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The Power of Compounding (and saving now)

30 March 2010

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Image by Beatriz AG via Flickr Two Hypotheticals: Planning for a Rainy Day In scenario 1, you invest 5 grand at the end of each year for the next 10 years. After 10 years, you don’t invest a dime until you retire (at the end of year 30). Thus, you’ve invested $50,000 total. In scenario [...]

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Application Launch – Analyze your Finances

23 March 2010

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Image by sbwoodside via Flickr For the last few months, I’ve been hard at work on a comprehensive system for determining what to do with your money. I’ve spoken with financial advisors, friends and family, working to establish the easiest and most effective way to give you a personalized financial report. And now, it’s ready [...]

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Sell your company stock

18 February 2010

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Most of us who work for large corporations get granted stock options as part of the compensation package. As a result, many also hold onto stakes which make up huge portions of their net worth.  Make no mistake, Stock is a great incentive mechanism, especially for smaller companies where each individual has more effect on [...]

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Dump your Bank of America Account

10 February 2010

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Image by sburke2478 via Flickr Or if you don’t have BoA, dump your Wachovia, Wells Fargo, et. al. accounts where you are saving money at abysmally low rates for below average customer service and ATM fees. It’s insane how much control these guys have of your money. Where should you put it instead? Try your [...]

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How do you figure out your asset allocation?

6 February 2010

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Once you’ve determined how much cash to keep on hand the next step is to figure out what to do with the rest of your assets.  It seems confusing, especially if you’ve never done it before, but it’s not. These assets should be divided into two categories, fixed income (or assets whose value is derived [...]

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NY Times on Annuities

4 February 2010

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Image via Wikipedia The NY Times has an interesting article on lifetime annuities here. Basically, a retirement annuity is when you give an insurance company an upfront lump sum of cash, and they provide you with smaller guaranteed payouts for life. My favorite part of the article is how commission based financial advisors can no [...]

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