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Chart of the Day: Netflix Since Announcing Price Increase
From All Financial Matters, 8 month ago, Read 0 times. Similar articles
Wow…
As far as I can tell, CEO, Reed Hastings owns 1,147,215 shares. Based on that number, his wealth has decreased $182,407,185 since the announcement. OUCH!
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Analyzing Possible Future Tax Increases
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
I just read this article:
‘Earthshaking’ Ways to Fix U.S. Debt
According to the article (and common sense) there are three ways the U.S. can get its debt under control:
• Cut spending
• Raise taxes
• Some combination of both
The article then went on to explain what would have to be done if the debt were to be paid off strictly from increasing income taxes. One of the ideas is to raise all the brackets by roughly 1/3.
Let’s explore that idea.
Here’s a look...
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Does It Make Sense to Wait Until Full Retirement Age to Start Collecting Social Security'
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
I was looking around on the Social Security website and found their retirement estimator. For fun, I plugged in our numbers to estimate our benefit. This is what it spit out:
At your current earnings rate, if you stop working and start receiving Social Security benefits…
At age 62, your monthly benefit will be about…$1,763.00.
At full retirement age (67 Years and 00 Month(s) for you), your monthly benefit will be about…$2,543.00.
At age 70, your monthly benefit will be...
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We Need a Fair Tax System
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
Does this income tax example of a family of four making $50,000 per year seem fair to you'
Here’s how they did it, according to Deloitte Tax:
The family was entitled to a standard deduction of $11,400 and four personal exemptions of $3,650 apiece, leaving a taxable income of $24,000. The federal income tax on $24,000 is $2,769.
With two children younger than 17, the family qualified for two $1,000 child tax credits. Its Making Work Pay credit was $800 because the parents were married...
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Interesting Morninstar Article on Mutual Fund Trading Costs
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
From Morningstar:
“…the average equity fund pays approximately 0.30% of assets a year [in trading costs]. That’s roughly 30% of the average no-load large-cap fund’s expense ratio. Thus, brokerage commissions can take what looks to be 0.90% paid in expenses each year up to 1.20%.”
This topic has been receiving more attention over the last couple of years. John Bogle has written about it in his books and I have seen more articles on this topic recently. It’s...
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Does This Sound Like a Scam to You'
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
This afternoon I was in an office supply store, waiting to check out. In front of me were two guys. Each guy had three $200 American Express Gift Cards that they were waiting to purchase. Each guy paid for their $600 worth of gift cards with a credit card.
Call me crazy, but this seemed like a suspicious purchase to me. Does it seem suspicious to you'
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YTD Total Returns for the S&P 500, Midcap 400, and Smallcap 600
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
I don’t have data for the Midcap and Smallcap indices, but March’s return for the S&P500 was the 7th best going back to 1926.
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OT: This Guy Voted for the Health Care Bill!
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
A little humor for today: Hank Johnson’s Afraid Guam Might Capsize.
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Better Get to Saving if You Want to Become a Millionaire
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
Going back to 1926, the average monthly total return for the S&P is .78%. When you factor in inflation, that number drops to .53% per month*.
To put that in perspective, had you been able to invest $1 in the S&P at the beginning of 1926, it would have been worth $2,424.82 at the end of 2009 for an average annual growth rate of 9.72%. The math looks like this:
[(2424.82 ÷ 1)1/84] – 1
NOTE: Obviously, a number divided by one stays the same. I just wanted you to see the...
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Retirement Plan Assets by Age
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
As several people pointed out, there was a flaw to the information source in my last post. I went back and found plan balances by age range. The only problem is, these balances are as of the close of 2008. Most likely, these numbers would be significantly higher (or at least I hope they would be).
Source: 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2008, page 55
It’s important to note that these are 401(k) plan balances and not savings and investments, which...
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77% of American Workers Have Less Than $100,000 in Savings & Investments
From All Financial Matters, 2 year ago, Read 0 times. Similar articles
I spent some time this weekend reading over the Employee Benefits Research Institute’s 2010 Retirement Confidence Survey (PDF). This graphic found on page 16 of the report worries me:
Seventy-seven percent of American workers have less than $100,000 in savings and investments. Only 11% have more than $250,000 in savings and investments.
Even more troubling is that 27% of those surveyed had less than $1,000 in savings and investments.
Here are the reasons in the report for people not...
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