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  • Higher 401k Contribution Limits For 2013

    October 25, 2012

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    Jon

    401k Contribution Limits 2013The IRS increased the amount you can save for retirement with a slight boost to the 401k contribution limits for 2013.  Every year the IRS must calculate cost of living adjustments for the 401k and other retirement related plans when the CPI (Consumer Price Index) hits a certain threshold.

    This year the CPI was high enough to call for an adjustment to some, but not all the 401k limitations.  The only change was in the maximum contribution limits.

    Maximum 401k Contribution Limits

    Starting in 2013, the IRS will increase the 401k and Roth 401k contribution limits to $17,500.  That’s a $500 increase over the 2012 401k contribution limits.  Which is about $42 more per month you can put away for retirement. Continue Reading…


  • Happy Hour: Political Fun And Job Promises

    October 19, 2012

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    Jon

    Welcome to the end of the week and another edition of Happy Hour!  Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.

    Political Fun

    It’s too bad presidential elections only happen once every four years.  The comedic fodder generated from late night talk shows and SNL makes me wish it happened more often.  Now it seems the Democratic National Committee is getting in on the act with the Romney Tax Plan website.

    I back them 100%.  No, not the Democrats!  The comedy writers bringing us some laughter amid all those excruciating commercials.  As soon as the Republicans get in on the act, I’ll be sure to share. The Republicans can be funny too, right?

    This is NOT an endorsement of Barack Obama or Mitt Romney.  Just of websites that make fun of them.

    Job Promises

    There’s a reason why politicians are targets.  Most of the stuff they spew forth is done in the hopes that a few unconvinced voters will actually believe them and vote.  Thankfully most of us are smarter than that.  Right? Continue Reading…


  • The Best Reasons To Sell A Stock

    October 18, 2012

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    Jon

    Sell A StockThere is an art to selling stock, or more importantly, knowing when to sell a stock.  Which separates the good investors from the great ones.

    In this case selling a stock leads to making a profit or taking a loss.  Yes, taking a loss on purpose is a strategy.  It may not seem right on the surface.  But it frees up money, in what was a poor investment, so you can put that money to work somewhere else.

    There’s also the other side.  Where investors sell too early.  Happy to make a small profit only to watch the stock double or triple in value over the next few years.  There’s nothing wrong with locking in a profit.  But if the company is still chugging along and nothing has changed, why would you sell a winner?

    Unfortunately, investors are driven by a number of irrational issues that make us do things we really don’t want to do.  The best example is holding a stock that has fallen hoping it will just get back to even.  This is especially true when no amount of time will return it to its previous mediocrity.  You’re better off selling early, take a loss if necessary and put that money to work somewhere else. Continue Reading…


  • Happy Hour: Bald Advantage And Worst Sound Ever

    October 12, 2012

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    Jon

    Welcome to the end of the week and another edition of Happy Hour!  Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.

    Bald Advantage

    In the world of business, perception is everything.  When it comes to hair, bald is big.  A new study by the University of Pennsylvania’s Wharton School says that men with shaved heads are viewed as more dominant, masculine, taller and stronger.  Guess there’s no need to hit the gym anymore.

    Don’t grab that razor just yet.  There were two downsides to the study.  Those with shaved heads were viewed as less attractive and older.  So before you go razor shopping, you’ll have to weigh your options.  What’s more important: looking better at work or just looking better in general?

    Worst Sound Ever

    Sticking with the topic of studies, scientists at Newcastle University finally figured out the worst sound in the world.  And no it’s not fingernails on the blackboard.  That fell to number five.  The study conducted tests with 74 different sounds.  The volunteers were hooked up to an MRI to see the brains reaction to each sound. Continue Reading…


  • Happy Hour: Earnings Season And Proposed Debate Changes

    October 5, 2012

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    Jon

    Welcome to the end of the week and another edition of Happy Hour!  Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.

    Earnings Season

    The third quarter earnings season starts next week.  The past three months we’ve seen another Fed QE program, a nice rally in the market and a boost in the housing market.

    Yet, the economy has been in slow motion all year.  With so many unanswered fiscal questions ahead, now is a great time to hear what companies have to say about the future.  What’s the outlook for next year?  Any concerns?

    These earnings reports and changes in forward guidance numbers should hint at what the CEO’s are thinking.

    Proposed Debate Changes

    The first of three presidential debates was this week.  The question becomes, with a month to go before the elections, did we learn anything? Continue Reading…


  • Happy Hour: Real NFL Refs & Drunk Trading

    September 28, 2012

    ·

    Jon

    Welcome to the end of the week and another edition of Happy Hour!  Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.

    Real NFL Refs

    It only took the replacement referee experiment three weeks to hit the worst case scenario.  As it turns out, it was enough to put it to an end too.  With last nights game the real NFL referees received a standing ovation for their return.  Probably the last time we’ll ever see that.

    What was a great game between the Seahawks and Packers turned into a social media firestorm on the last play.  If you haven’t heard the Packers lost on what was obviously an interception but ruled as a touchdown for Seattle.

    It’s the one thing the NFL hoped would not happen.  But when you put a faulty product on the field, you should expect some outrage.  When you replace great with average you never get the same results.  Thankfully, all is well with the football world now that the real refs are back.  Right?

    Drunk Trading

    What could easily be titled What Not To Do After You’ve Been Drinking.  Apparently you shouldn’t head back to office after a few too many and start working again.  A British trader thought this was great idea and did it in a big way.  And lost almost $10 million in the process. Continue Reading…


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