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  • How Long Should You Keep Tax Records?

    May 1, 2014

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    Jon

    Tax RecordsTax season is stressful enough just getting those returns finished and sent in time. Now you have to deal with storing all those tax records. Or do you?

    The good news is you don’t have to be a hoarder. But before you start force feeding that shredder, there are some tax documents you should hold on to for a little while.

    If you’re like me, you may be holding on to tax records out of fear the IRS will show up for an audit or maybe it’s just a keepsake of incomes past.

    The hard part is deciding what records should be kept, what is junk, and how long it all needs to take up space. The IRS, of course, has all the record keeping specifics you’ll ever need. Continue Reading…


  • Happy Hour: Apple Splits And Recency Polls

    April 25, 2014

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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.

    Apple Splits

    The Apple earnings call always gets a lot of press. Apple is newsworthy when people expect to hear something new. As usual Apple didn’t disappoint the media. As for shareholders…

    Among the big news was a 7 for 1 stock split announcement. What everyone wanted to hear, new product announcements, didn’t happen. Continue Reading…


  • Do You Know Who Your Beneficiary Is?

    April 24, 2014

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    Jon

    Beneficiary ReviewA beneficiary review should be on your yearly financial to-do list. When you get life insurance or start a new retirement account, filling out the beneficiary designation is part of the process. It lets the company know where that money goes when you’re gone. But is that name you wrote down years ago still the person you want as a beneficiary? If not, the wrong person will get your money.

    I recently got my monthly IRA statement from TD Ameritrade. Part of the email was a simple question that asked “Is your IRA beneficiary up-to-date?”.

    Good question.

    I wasn’t slacking on keeping it updated, since I haven’t had a reason to change it. But keeping track of it certainly wasn’t a priority either. Continue Reading…


  • Happy Hour: Rise Of Capex

    April 18, 2014

    ·

    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.

    Higher Capex

    A lack of capex spending has held down the economy so far. That’s rumored to be changing as CEO’s talk about a pick up in spending. For those not fluent in business speak, capex (capital expenditures) is money used to maintain or grow a business. Continue Reading…


  • How Bond Ratings Work

    April 17, 2014

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    Jon

    Bond RatingsBonds are not the easiest investments to figure out. A bond fund, apart from its description, doesn’t tell you much about all the risks involved either. In an environment where investors chase higher yields, the greater risk of loss can be quickly ignored. Bond ratings make it easy for you to understand the default risk of a bond, while still taking into account all the other risks.

    What Are Bond Ratings?

    Bond ratings are credit scores for governments and companies. It measures the issuer’s financial strength and ability to make interest and principle payments to bondholders. For investors, these grades are an easy way to do a credit check without digging into financial statements.

    The ratings are easy enough to understand. The higher the bond rating, the lower the risk of default. For that, the company gets a lower cost to borrow. For you, it’s a lower interest rate on the bond, but a higher chance you’re paid in full. Continue Reading…


  • Happy Hour: Heartbleed And Marks Memo

    April 11, 2014

    ·

    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.

    Heartbleed Bug

    Last week I mentioned how code is flawed. This week we were reminded again. A big security flaw popped up in the encryption used by sites to hide information like usernames, passwords, and credit card numbers. It’s called Heartbleed. This article explains it better than I can.

    Not every site was compromised. Still, everything I’ve read suggests changing your passwords. Continue Reading…


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