Time Away
“The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it and no marginal utility curve for it. Moreover, time is totally perishable and cannot be stored. Yesterday’s time is gone forever and will never come back. Time is, therefore, always […]
Vacations and a Return on Life
What are you willing to spend on vacations? Do you ever have sticker shock, or feel so guilty about the expense that you can’t fully enjoy the time away with family and friends? If so, you’re not alone. Many of us have heard the lectures about saving and investing so much, that spending money on […]
When Retirees Should Not Pay Off Their Mortgages
By Robyn A. Friedman Source: www.wsj.com Baby boomers are swelling the ranks of retirees, and more are carrying mortgage debt than in the past. But it doesn’t always make sense to pay off the debt. Many homeowners dream of hosting a “mortgage burning” party as they approach retirement. But paying off the mortgage isn’t always […]
When to Ignore the Crowd and Shun a Roth IRA
By Robyn A. Friedman Source: www.wsj.com The benefits of converting a traditional IRA to a Roth are many. But before doing so, savers should consider scenarios where they could lose the benefit of tax deferral without reaping more valuable tax-free benefits. Switching your traditional individual retirement account to a Roth IRA is often a terrific […]
The Money Value of Time
By Carolyn Gowen Source: thefinancialbodyguard.com “The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it and no marginal utility curve for it. Moreover, time is totally perishable and cannot be stored. Yesterday’s time is gone forever and will never come […]
There is no beneficiary on the retirement account: Now what?
By Beverly DeVeny, IRA Technical Expert Source: www.irahelp.com An IRA account owner or beneficiary died and there was no named beneficiary for the account. The obvious question comes, “Who inherits the account and how do you calculate the required distribution?” This is a popular question we received by many people in December 2013. Some of […]