This is a common occurance – you don’t make any money on your portfolio for the year, but your financial adviser makes 1% (or more) of your portfolio’s value. See this article by Mitchell Tuchman in Marketwatch from The Wall Street Journal: http://www.marketwatch.com/story/how-to-save-400000-for-your-advisers-retirement-2014-05-08 This may be a simplification, as your adviser can make you a lot more money in (hopefully) most of the years you are using him/her. The point I am making is that you need to keep track of how well your adviser is managing your money, remembering you are paying him all the time and reducing your return by the fees. If the adviser is making more than you, perhaps you need a new adviser. 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
Financial Musings of a Burbank CPA: 7 Tips to Make Retirement Savings Last
This article by Rodney Brooks in USAToday talks about ways to stretch your retirement savings. Click on this link: http://www.usatoday.com/story/money/columnist/brooks/2014/05/06/retirement-401k-pension-savings/8695897/ There are some good ideas here, especially the idea of thinking of tax consequences in everything you do. If you can turn taxable income into tax free, you can increase your retirement money 25 to 40%. A great way to extend your money. 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 CPA: 3 ways you can lower your Internet bills
See three tips in this posting in USAToday by Kim Komando. Finding ways to save money are always worth reading: http://www.usatoday.com/story/tech/columnist/komando/2014/05/02/tips-for-lower-internet-bills/8282849/ In my opinion, it is worth the time to go over your internet, phone and TV contracts and look to see if there are additional ways to save on your monthly fees. Plugging that amount into a savings account over time can give you some extra cash for a vacation, or to put into retirement or other investments. Try it once and see if you can save . 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