For those that missed the announcement last week, Apple will be reporting Q1 earnings on the 24th. The link to the audio webcast is here.
Apple’s Q1 earnings report
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Category Archives: Wealthy
Understanding the economy
My favorite site, by far, on the economy is Calculated Risk. They do a great job of explaining the news reports, and visualizing what is going on with some really great graphs. Today’s post is no exception. Pay particularly close attention to both the “unemployment by duration” and “unemployment by level of education.”
Creative way to fix retirement fund: Whiskey
From the New York Times:
Diageo said Thursday it would transfer ownership of £430 million, or $645 million, worth of whiskey to a pension funding partnership. Diageo employees would not receive their pensions in whiskey rather than cash, but the move does give them a guarantee that they would not walk away empty-handed should the company default.
I like the idea. U.S. Automakers might have been able to do this with their pensions. Give the pension fund a few Corvettes to sell instead of going bankrupt?
New for 2010 – Rollover to Roth IRA conversions
This may not be of value to very many, but for those few it may be VERY valuable. For those with a “traditional” IRA or a “rollover” IRA, you may be one of the people that it’s VERY valuable for. As we’ve covered before in our “Do the minimum” retirement post, there is one major difference between a traditional (or rollover) IRA and a Roth IRA. With a traditional, the earnings of the money in the account are tax deferred. With a Roth IRA, they are tax free. This is a large advantage of the Roth for those that will have large amounts of appreciation in their IRA accounts. The traditional IRA does have something in its favor however, and that is it reduces your taxable income for the current year. For example, if you make $50,000 and contribute $5,000 to your traditional IRA, you will pay taxes on $45,000. Continue reading
What’s up with Lending Club? A review.
Here is the first post since joining Project 52.
I recently signed up at the web site Lending Club after considering doing so for a while. A friend of mine had signed up for it and it looked intriguing. It’s nothing new for sure, a quick search into their crunchbase profile tells us they got started in May 2007 as a Facebook application to promote peer-to-peer lending. In a nutshell, it means if you need $100 and I have $100 to loan out, they put us together. You don’t need to go to a bank for a loan, and I can get more interest on my money than a savings account would give me.
One life, Debt free
It took a long time, but over the past few years, more like almost a decade, I have been working to get out of credit card debt and never return. The day has finally come. No balances. The only debt I have now is my mortgage and my car. So my next goal is to pay off the car.
Debt Free Youth