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Tuesday, March 3, 2015

Newsletter: Guide to living trusts

Financial news: March 3, 2015

Bloomberg: Affordable Care Act tax credits to be determined by the SCOTUS
MarketWatch: The U.S. consumer saving rate rose 1% over 2 months
WT:  Gold worth $4.8 million was stolen off I-95 on Sunday night
Zero Hedge: A psychiatric study links unemployment to suicide
Reuters: Consumer spending fell .2% in Jan.; a second monthly decline
NYT: Consumer prices in the Eurozone fell .3% in Feb.; a third month of decline
BBC: The wealthiest 1% in the world to be richer than the rest by '16 per Oxfam
CNBC: Demand for physical gold could decline if Indian gold back bond succeeds
CNN: An Abu Dhabi bank is marketing scented credit cards

Business Insider: Market data indicates Australia's housing market is unbalanced

Monday, March 2, 2015

Retirement planning questions

Two thirds of Americans do not save enough for retirement according to Bankrate.com. This is due to many reasons, but it indicates potential problems such as overspending, poor debt management and insufficient income. In any case, saving something on a regular basis is better than not saving at all and most people can redirect some of their spending into a retirement savings plan of one kind or another. 

The infographic below illustrates some additional considerations to take in to account when planning including time horizon, how much to save and the effect of inflation. As with many things in life such as education and career, retirement also takes planning. The requirements for doing so differ based on financial goals, age and income among other things. Being aware of these factors helps with the process of preparing for later years.


4 Questions to Help You Plan Your Retirement - An infographic by the team at Fisher Investments

Financial news: March 2, 2015

Reuters: Cold Feb. weather & lower energy production to slow U.S. Q1 economic growth
CNN: Berkshire Hathaway's 50 yr ROI is 1,826,136%
NYT:  High-growth in financial sectors do not benefit the economy per the BIS
CNBC: Federal unemployment data is inaccurate per former Texas governor
ZH: Pricing mechanisms in financial markets have been distorted by monetary policy
Bloomberg: The People's Bank of China cut lending rates by 25 basis points on Sat.
MW: Americans purchased 717,000 vacation homes in 2013
BI: Australia to become the largest exporter of natural gas by 2020
AP: Arrogance, decay & complacency accompany business decay per Warren Buffett
BBC: Executive salaries of Russia's government to be cut 10%