There are indications that investors are becoming extremely gun-shy today when it comes to any risk in their savings and retirement and have a very high concentration in cash. The research division of State Street Corp, a large asset manager, conducted a survey and found high concentrations of cash and cash-equivalents worldwide at all asset levels. See this article in Marketwatch (from the Wall Street Journal) by Anne Tergesen for more details: http://blogs.marketwatch.com/encore/2014/06/12/bad-move-retirement-savers-flock-to-cash/ Based on this survey, people appear to be scared of the markets (after the last 12 years, it is understandable) but safety in cash may be a false hope if inflation rears its ugly head. Better to asset allocate across all classes and keep a smaller percentage in cash. The mattress in the corner (where you hide your cash) can still catch fire! 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 Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Burbank CPA Financial Musings: Retirement – U.S. versus the world
How does the United States stack up against the rest of the world in retirement savings? A new worldwide retirement readiness survey is addressed in this article in Marketwatch from The Wall Street Journal by Richard Eisenberg. Click here for more details: http://www.marketwatch.com/story/retirement-us-versus-the-world-2014-06-11 Based on this survey, we come out near the top. We are also actually held in awe in other parts of the world for how much we save (as a whole) for retirement (really?) Anyway it is an interesting view of how the rest of world looks at us and themselves. 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 Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: Student-loan forgiveness may be overstated
President Obama’s new plan of expanding help for students with their federal loans that was announced a few days ago (even though the plan, called Pay As You Earn, has been around since 2012) may not actually cover the “up to five million” people the White House fact sheet states as the specific terms are not available. See this article in SFGate by Kathleen Pender for more details: http://www.sfgate.com/business/networth/article/Student-loan-forgiveness-may-be-overstated-5539949.php It would be nice when these things are announced if the details are also provided so you can actually see approximately who it would help (but then people couldn’t just announce an ‘up to’ figure and might have to actually provide proof of the number of people who might qualify.) 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 Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa