Finance expert Mike Periu on how to maximize and Double Your Retirement Income. One of the most stressful retirement-related decisions is choosing when you will actually do it. If you retire too early you may not have enough money to cover your expenses for the rest of your life; retire too late and you are missing out on the joys of retirement. The rule of thumb used by most financial advisors is that you won't outlive your retirement funds if you only withdraw 4 percent of the balance each … [Read more...]
European economy Once Again in Recession
Finance expert Mike Periu on the European economy's financial health. Europe Once Again in Recession The Eurozone economy, which includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain, is once again in recession after the GDP shrank last quarter by 0.1 percent. While France and Germany still managed to squeeze out tiny economic growth, it wasn't enough to offset the impact of … [Read more...]
Calculating the True Cost of Your Retirement Plan
Finance expert Mike Periu on how to evaluate the true cost of your retirement plan.. Since July of this year, new fee-disclosure rules took effect that requires full disclosure of 401(k) fees and expenses by financial firms offering to administer these plans. This disclosure, however, doesn't apply to sales and marketing materials like PowerPoint presentations which are typically used to convince business owners to offer their employees a 401(k) plan. Choosing the wrong plan can lead to … [Read more...]
What Does Re-Election Mean for Investors?
Finance expert Mike Periu on What Obama's Re-Election Mean for Investors? With the 2012 elections now over, one major unknown for investors has been answered. Obama's re-election will have a significant impact on many industries and investors need to take this into account when making investment decisions. It is now likely that income tax rates on dividend income will increase dramatically. This will hurt stocks, like utilities, that investors seek out for their dividend income. Technology … [Read more...]
Will the Election Outcome Affect Your Investments Returns?
The impact the presidential election will have on your investments. Will the Election Outcome Affect Your Investments Returns? People believe that one political party or another is better for your investments returns. According to a new study published, though, whoever wins a presidential election—Republican or Democrat—has far less impact on investment returns than most people think. What really matters are the policy actions of the Federal Reserve. Regardless of which party controls the White … [Read more...]
How Millionaires Invest in Stocks
OPEN finance expert Mike Periu on how millionaires invest in stocks. According to Tiger 21, an investment club whose members have a minimum of $10 million to invest, millionaires like to keep their stock buying simple. While many think that these multimillionaires invest in exotic offshore hedge funds, the reality is their portfolios are far more boring—so much so that you can replicate it. According to Tiger 21's annual member survey, the typical portfolio consists of 23 percent real … [Read more...]
Think Twice Before Becoming an Angel Investor
OPEN finance expert Mike Periu on what makes a successful angel investor. Many successful entrepreneurs choose to become angel investors after a successful exit (i.e. selling their companies for lots of money). But according to Andy Rachleff, CEO of Wealthfront, co-founder of Benchmark Capital, Stanford professor and University of Pennsylvania Trustee, this is a losing proposition. Angel investors generally lose money (as do most venture capital firms) because they lack two key traits that the … [Read more...]
Should You Sell Investments to Avoid Higher Taxes in 2013?
OPEN's finance expert Mike Periu brings you a new development in taxation. You Should Sell Investments to Avoid Higher Taxes. Many financial experts believe that taxes on investment income—both capital gains and dividends—will likely go up over the next several years regardless of who wins the presidential election. Given this likelihood, small-business owners might want to consider selling profitable investments now to lock in relatively low tax rates. If you have a profitable investment with … [Read more...]
Debt Collection Industry Placed on Federal Supervision
OPEN finance expert Mike Periu on a recent development in the debt collection industry. For the first time ever, companies in the business of collecting unpaid debts from consumers and students will be supervised by the Federal government through the Consumer Financial Protection Bureau (CFPB). Beginning on January 2, 2013 the CFPB will ensure that these companies are properly identifying themselves to consumers, act in a civil manner, accurately communicate debt owed and have a conflict … [Read more...]
Potentially Embarrassing Foreclosure Information online
OPEN's finance expert Mike Periu on Embarrassing Foreclosure Information that is now available for free Online For many struggling small-business owners, enduring a foreclosure has become all too common. As revenues drop, keeping up with home mortgage payments becomes difficult or impossible. As a home goes through foreclosure, numerous filings have to be made with the clerk's office in the city or county where its located. Up until now, this information was only available by visiting the … [Read more...]
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