Dollars & Sense Education

Wow, today the Dow dipped below 9,000. These certainly are trying times for investors like you and me. But at the end of the day what can we do about it? I look at it this way, if this is armageddon and I’m going to hell in a handbasket, shifting my money from the market to treasuries is not going to do a heck of alot of good. I’m screwed either way. If there are no jobs and no economic growth what does my nest egg mean for me anyway…I’m 30 for God’s sake.

Let’s say I let this crisis make me a more conservative investor, sticking my money in treasuries for the rest of my life. Getting 1% over inflation isn’t going to help me much in the long run. My savings rate is going to have to be pretty damn hefty to live for 30 years into retirement.

I woud much rather take the market risk that our country will not grow as a capitalist economy than the inflation risk of parking my money in low yield investments and outliving it! We are at a 39% decline right now. We have seen this in the past and thrived. I believe in the economy and what the future holds for our country. I know I have naysayers, many even in my family. But I still believe in modern portfolio theory and our economy. Only time will tell.

Please contact Dollars & Sense Education to bring our seminars to your company or organization!

Dollars & Sense Education - Raising Your Financial IQ!
www.daseducation.com
nicole@daseducation.com
215-499-3834

Posted by admin on October 9, 2008
Uncategorized
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After years of threatening to do so, Congress has passed a law that will tax the assets of those who revoke their citizenship and leave the country to avoid taxation. The assets of the ex pat will be taxed on their way out of the country as if they had been sold. In addition any assets gifted to a current US citizen will be taxed at the rate of 45%. These laws apply to individuals with a net worth of more than 2 million.

Please contact Dollars & Sense Education to bring our seminars to your company or organization!

Dollars & Sense Education - Raising Your Financial IQ!
www.daseducation.com
nicole@daseducation.com
215-499-3834

Posted by admin on October 7, 2008
Uncategorized
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Allstate was running an ad awhile back that reminds us of some important facts:

The average woman spends 11 years out of the workforce taking care of family, costing her an average of $659,139 in earnings.

Wow! Considering that women live longer and make less money anyhow, this is quite scary!

How do they suggest remedying this problem? The following three suggestions are made:

1) Make every earning year count in the form of increased participation in 401(k) plans.

2) Promote Spousal IRAs.

3) Educate: Offer financial seminars for employees and spouses.

Please contact Dollars & Sense Education to bring our seminars to your company or organization!

Dollars & Sense Education - Raising Your Financial IQ!
www.daseducation.com
nicole@daseducation.com
215-499-3834

Posted by admin on October 6, 2008
401K, 403B, women and money
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These items qualify:

Abortion
Acupunture
Alcoholism
Ambulance
Artificial Teeth
Bandages
Breast Reconstruction Surgery
Birth Control Pills
Contact Lenses
Crutches
Dental Treatment
Eyeglasses
Eye Surgery
Fertility Enhancement
Hearing Aids
Home Care
Hospital Services
Laboratory Fees
Long Term Care
Medical Services
Medicines
Nursing Home
Nursing Services
Optometrist
Organ Donors
Osteopath
Prosthesis
Psychiatric Care
Psychologist
Sterilization
Smoking Cessation
Surgery
Therapy
Transplants
Vasectomy
Vision Correction Surgery
Wheelchair
Wig

These items DO NOT qualify:

Babysitting, child care and nursing services for a healthy baby
Controlled Substances
Cosmetic Surgery
Dancing Lessons
Diaper Service
Electrolysis or Hair Removal
Funeral Expenses
Future Medical Care
Hair Transplant
Health Club Dues
Household Help
Illegal Operations and Procedures
Maternity Clothes
Medicines and Drugs From Other Countries
Non Prescription Drugs and Medicines
Nutritional Supplements
Personal Use Items
Swimming Lessons
Teeth Whitening
Vet Fees