Author name: Cliff Smith

Insights

Couples Decision Therapy

by P.J. DiNuzzo                                                                                                April 16, 2016 Couples Decision Therapy There have been studies showing that financial issues are one of the primary reasons why married couples fall apart.  A recent article in Market Watch suggests that the biggest reason for these significant disagreements is a failure to create a unified view of the financial future […]

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Tax Cost of Living

by P.J. DiNuzzo                                                                                                April 19, 2016 Tax Cost of Living            Welcome to tax day.  We all pay federal taxes under the same rules, but the state regimes are wildly different, and there are a lot of moving parts that make up the cost to live in a state.  Which of them take the most money […]

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New Guidelines, Better Advice?

by P.J. DiNuzzo                                                                                                                           April 21, 2016 New Guidelines, Better Advice?   Most people think that the Securities and Exchange Commission (SEC) regulates the investment markets and providers of investment advice, and that the Financial Industry Regulatory Authority (FINRA) regulates the Wall Street sales agents. But in fact, when it comes to your retirement plan, like a […]

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The Best Ways to Buy Happiness

by P.J. DiNuzzo                                                                                               April 23, 2015 The Best Ways to Buy Happiness We all know that money can't buy you happiness, right?  As it turns out, this is not exactly true. A recent study by University of Michigan economists Betsey Stevenson and Justin Wolfers, examining data from more than 150 countries using World Bank data, […]

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Under Water in the Caribbean

by P.J. DiNuzzo                                                                                                May 5, 2016 Under Water in the Caribbean By all accounts, Puerto Rico is a beautiful, sunny place to visit, especially in the winter.  But it's hard to fathom how this U.S. island territory of 3.5 million people could have racked up $70 billion in public debt-roughly $20,000 per citizen, which happens […]

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Work Longer, Live Longer

by P.J. DiNuzzo                                                                                               May 6, 2016 Work Longer, Live Longer There's finally an answer to an age-old question: How can you live a longer, more satisfying life?  The answer: work past the traditional retirement age of 65. A new study published in the Journal of Epidemiology & Community Health looked at the risk of dying […]

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(Astronomical) Cost of Living

by P.J. DiNuzzo                                                                                                May 7, 2016 (Astronomical) Cost of Living The rule of thumb in financial planning circles is that you shouldn't spend more than 25% of your income on housing costs.  But if you live in certain cities, it might be a tad difficult to follow that rule.  Pity New Yorkers, whose rent costs […]

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Money From Heaven

by P.J. DiNuzzo                                                                                                May 10, 2016 Money From Heaven A term you're likely to be hearing more of in economic reports is "helicopter money," which might replace "QE" in our lexicon of Central Bank policy terms. What is it?  "Helicopter Money" basically means dropping money out of the sky; the term is shorthand for a […]

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Big Vote in Europe

by P.J. DiNuzzo                                                                                                May 19, 2016 Big Vote in Europe The big question in Europe this year is how the British people will vote on June 23.  Will they vote to leave the European Union (what's being called the "Brexit") or decide to continue to be part of the 28-nation economic alliance?  What's at stake?  […]

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What is the Jobs Report Telling Us?

by P.J. DiNuzzo                                                                                               June 7, 2016 What is the Jobs Report Telling Us? You've probably heard that the Bureau of Labor Statistics (BLS) Employment Report for the month of May was disappointing.  Economists who follow job growth in the U.S. economy were expecting 123,000 new jobs to be created.  The actual number, according to the […]