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
CPA Financial Musings: Check your credit report to spot errors
Something you hear more than you probably want to, but it is still important to think about: Check Your Credit Report for errors! See this posting in The Sacramento Bee by Kimberly Foss on the importance of inspecting things periodically:http://www.sacbee.com/2013/05/08/5402978/check-your-credit-report-to-spot.htmlNow with employers and everyone else requesting credit reports, you don’t want a nasty surprise.Remember, 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: Singles swing into retirement with little savings
Remember the good old days, when you were single and were living the good life (don’t forget the living paycheck to paycheck); well you probably weren’t putting anything away for retirement or savings! See this article in MarketWatch from The Wall Street Journal by Robert Powell:http://www.marketwatch.com/story/singles-swing-into-retirement-with-little-savings-2013-04-18It is probably a good idea to talk to your kids early about the need to saving early and often, so you do have some savings for a car, or a retirement fund! Remember, 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