Submitted by Storey & Associates on October 16th, 2018
We hear about how artificial intelligence is going to change the workforce, and how computers are taking over the world. But perhaps the biggest shift in our industrial lives has been flying under the radar: rather than making things, we will soon be “printing” them.
Submitted by Storey & Associates on October 11th, 2018
Yesterday’s market declines—the Dow down 3.15%, the S&P 500 down 3.29% (pictured above) and tech stocks, as represented by the Nasdaq index, off 4.08%--were entirely within the normal range of mini corrections, which we’ve experienced numerous times since March 9, 2009. But they represent an interesting test of character for the press and market pundits.
Submitted by Storey & Associates on October 9th, 2018
One of the consistent themes we’ve been hearing in the political arena is that the economy and stock markets are doing very well, and that we’ve finally recovered from the Great Recession. But recovery to market highs and the personal recovery from the losses experienced during the downturn can be very different things. A recent survey by the Joint Center for Housing Stu
Submitted by Storey & Associates on October 2nd, 2018
High-achieving people will tell you that they sacrificed to get where they are, but what, exactly, did they sacrifice? An article in Forbes magazine lists 18 things that high-achieving people routinely give up—and many of them are not what you would expect.
Submitted by Storey & Associates on September 24th, 2018
Remember savings bonds? Ask anybody who was around during or in the years right after World War II, and they’ll have fond memories of buying a savings bond for $25 for a child or grandchild, and five years later the bond would be worth $50. For people of a certain age, it was the first exposure to investing and compound interest—and today it’s a lesson in how high
Submitted by Storey & Associates on September 18th, 2018
Ten years ago, the Internal Revenue Service proposed regulations that would define how to value (and prove the actual value) of non-cash donations to charity. The regs involved things like artwork, jewelry and other possessions whose value is often in the eye of the beholder.
Submitted by Storey & Associates on September 11th, 2018
Submitted by Storey & Associates on September 4th, 2018
By now, you probably know all about the so-called SALT (state and local tax) deduction limitations imposed by the Tax Cuts and Jobs Act. If your property, local and state taxes exceed $10,000 (couples) or $5,000 (singles), well, too bad. That’s all you can deduct on your federal tax returns.
Submitted by Storey & Associates on August 30th, 2018
Quick: What’s America’s national savings rate? A generation ago, you might have guessed 10% and been pretty close to the market. More recently, there has been a lot of hand-wringing about a precipitous decline in how much of their income Americans are saving—down, according to the U.S.
Submitted by Storey & Associates on August 30th, 2018
You can be forgiven for wondering what all the hoopla was about when, on August 22, the newspapers erupted with the announcement that the current bull run in the U.S. stock market was the longest in history. Wasn’t the day before and the day before that part of that run?