David Lerner Associates: Tax Plans and Political Candidates
The political race is heating up as the candidates vie for their party is nomination, and as we head into another tax season, it might be interesting to analyze the various tax proposals that each candidate has on their books. A study by The Tax Policy Center has revealed some key points after looking closely at tax proposals for the candidates.
David Lerner Associates: Being Money Smart in Retirement
It is Money Smart week. A new study has found that Americans in their retirement years gradually lose the ability to manage their money. According to the study the ability to answer basic financial literacy questions wanes as age increases. However, the ability to confidently make financial decisions does not falter.
David Lerner Associates: How to Prevent Investment Fraud
According to the FBI there were over 1,800 cases of investment fraud in 2011, to the tune of $36 million in recoveries. That is just the amount they were able to recover, which gives you an idea of how big this problem really is. And according to current estimates, that trend will only increase with access to more sophisticated technology by fraudsters. Here are tips to avoid falling victim to these kind of scams.
David Lerner Associates: How to Retire Wealthy [INFOGRAPHIC]
If you are under 40, your most valuable asset is not youthful vigor or a full head of hair. It is time. Retirement is decades away, and contributions to a 401(k) or other retirement plan will have years to compound and grow. Even a modest contribution now will mean a lot more than a larger contribution when you are in your forties and fifties.
David Lerner Associates: What to Do With Your Tax Refund
Forty eight million Americans have already received a tax refund from the federal government this year. As tax time approaches, millions more are thinking about what to do with this windfall when it arrives. The latest Bankrate Money Pulse survey shows that there have been some significant changes in what Americans are planning to do with this money this year.
David Lerner Associates: Financial March Madness
March is a great time to take stock of your financial situation and get your fiscal affairs in order. March 15th marks the due date for corporate tax returns, and it also marks exactly one month before personal tax returns are due. By now you should have all your 1099s, W2s, and tax documents collected and ready to go.
David Lerner Associates: Financial Tools are Just the Beginning
One big worry for many Americans in the prime of life is their financial future - how to pay for their kid is college, when to retire, and whether they will have enough to retire on are major concerns. April is Financial Literacy Month, a good time to reevaluate financial plans and make sure that the calculations those plans are based on are valid.
David Lerner Associates: Women Trailing Men in Financial Fitness
Most Americans were affected by the Great Recession, and the thought of another future financial shock makes us very uneasy. Women are particularly vulnerable, says a study from FINRA, 2012 National Financial Capability Study, and it is taking a toll on their lives with higher stress levels, reduced productivity, and decreased well-being. Only 37% of the women surveyed were rated financially fit as opposed to 45% of men.
David Lerner Associates: Financial Education is Your Best Investment
Ignorance can be costly, especially when it comes to your financial literacy. Investing time and energy into financial education could be one of the best investments you can make.
David Lerner Associates: Finances, Health, and Credit Can Affect Your Love Life
A recent survey by Nerdwallet showed that 60 percent of women ranked a potential partner is financial situation as important to them. Almost half (44 percent) feel that financial responsibility is more important than attractiveness in a romantic partner. This applies to men too, although the numbers differ according to age groups.