An interesting topic, will forcing potential homebuyers to put down a larger down payment help prevent forclosures? Will this slow down the housing market by limiting potenial buyers? See this article in The Sacramento Bee by Peter Eavis of The New York Times:http://www.sacbee.com/2013/04/25/5369770/mortgage-experts-debate-the-value.htmlMy feeling is that higher down payments may reduce forclosures and in the short-term may keep some potential buyers out of the market, but longer-term if people want to buy a house, they will save or borrow from family the down payment so the effect will be minimized. 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: Best retirement move almost nobody makes
When you leave your job, everyone usually rolls their old 401K into an IRA. But there is a lesser known option – when you get a new job with a 401K, you can roll your old plan into it. See this post by Ian Salisbury in The Wall Street Journal with more details:http://www.marketwatch.com/story/best-retirement-move-almost-nobody-makes-2013-04-15 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: Successful investing isn’t about confidence
More people in the last five years have taken over investing their own portfolios, which may be either a good or a bad thing. Many novice investors have to realize patients, but many feel they are either wildly successful or a failure with no in-between. See this post by Mitchell Tuchman in The Wall Street Journal for an interesting take on this:http://www.marketwatch.com/story/retirement-investing-your-great-second-act-2013-04-05Always remember that “not too bad” is in between “wildly successful” and “total failure”! 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