Time to brush up on your Disney movie history – five movies that give personal finance lessons. This post in the Christian Science Monitor by Teddy Nykiel breaks it down: http://www.csmonitor.com/Business/Saving-Money/2014/0904/What-five-classic-Disney-movies-can-teach-us-about-personal-finance Of course the best part and most pertinent item in this article is the point that the heroes in these movies live happily ever after. In the long run, that is what we all want to do; so use these lessons to help. 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: Time to get rid of all those 401(k) plans
There have been many attempts to restructure 401K plans, to make them better. Now there is a plan to get rid of them altogether, to replace them with a single defined contribution plan. See this article in MarketWatch by Robert Powell in the Wall Street Journal post about the plan proposed by Russell “Rusty” Olson and Douglas Phillips: http://www.marketwatch.com/story/time-to-get-rid-of-all-those-401k-plans-2014-08-28?page=1 Would this consolidated plan be another major government bureaucracy or would it actually accomplish the job of consolidating and streamlining the company defined contribution system? I am curious to see if such a plan would ever show up anywhere but in academic papers, like this one. With Congress so divided on everything, getting this passed seems like a dream. 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
CPA Financial Musings: Lowering Interest Rates on Loans Isn’t the Best Way to Help College Students
You borrow money for college through a student loan program. Normally you don’t start paying the loan off until after you graduate from college, so is a lower interest rate going to make you decide whether to go to college or not? I doubt it! See this article by Susan Dynarski in the New York Times for her take on whether lower interest rates are the best way to help the students: http://www.nytimes.com/2014/08/26/upshot/lowering-interest-rates-on-loans-isnt-the-best-way-to-help-college-students.html?_r=0 I tend to agree with her in most of her assumptions; maybe other financial options like more grants and need scholarships would be better than lower interest rates. 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