Will the new generation that no longer carries cash very often find appeal in emailing money everywhere? See this article in The Wall Street Journal Marketwatch by Quentin Fottrell to get more details on Google Wallet, Google’s mobile payment system:http://www.marketwatch.com/story/google-wallet-gen-y-credit-card-2013-05-17I guess I am just an old timer, but sending money around by mobile phone seems to be more like sending it by paper airplane – just give me my computer and online billpay (I know in my head there is no real difference, but am still nervous about mobile security – look how much trouble computer hacking is, and phones, which are little computers, have much less security than computers) just like in the good old days.For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: How To Get The Most Out Of Hiring An Accountant
Here is a nice article about preparing to do your taxes each year so your preparer doesn’t jump off a cliff when he hears you are lugging that box of receipts to him again. This is from Forbes Personal Finance:http://www.forbes.com/sites/investopedia/2013/05/16/how-to-get-the-most-out-of-hiring-an-accountant/Instead of its title, it should say “How to avoid driving your accountant crazy each year by not being prepared!” The accountant has his or her work, you have yours.For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Financial Musings: Life settlements: Invest warily
Life Settlements usually involve buying other people’s life insurance policies, then collecting when they die. You usually buy a block of policies and the returns are basically determined by how long these people end up living. See this article in Bankrate.com by Jennie Phipps:http://www.bankrate.com/financing/retirement/life-settlements-invest-warily/Aside from the unsavory idea of buying insurance on people and waiting for them to die, there is always the potential for problems to occur; I feel it is risky to bet when someone will die; you just never know when all the group you bought the policies from decide to live forever. Anyway, know who you are investing with and do your due dilligence if you want to get into this.For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com