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Have We Reached “The Tipping Point”?

By The Family Wealth Group | October 23, 2012 | Comments Off on Have We Reached “The Tipping Point”?

In New York City between 1990 and 1999, the homicide rate dropped 73 percent, burglary 66 percent, assault 40 percent, robbery 67 percent and vehicle hoists 73 percent.1 Fascinated by the question of why change so often happens as quickly and as unexpectedly as it does, author Malcolm Gladwell wrote of this and many other…

Tax Plans: Obama vs. Romney

By The Family Wealth Group | October 16, 2012 | Comments Off on Tax Plans: Obama vs. Romney

Oh, there’s nothing like a good brouhaha to stir up a presidential election. If you’re a fan of political mudslinging, grandstanding rhetoric and muckraking media, you must be thoroughly enjoying this pre-election season. A big part of the presidential campaign platforms is tax reform at both the personal and business level. Tax changes present an…

Oops, I Did It Again

By The Family Wealth Group | October 10, 2012 | Comments Off on Oops, I Did It Again

September was a tough month for the GOP presidential campaign, marked by a series of unfortunate utterances by Republican candidate Mitt Romney. The most damaging of all was an hour-long video of him speaking at a private fundraiser, which came on the heels of misspoken comments about recent foreign policy.    You’ve probably heard the…

The Fed Steps Up

By The Family Wealth Group | October 2, 2012 | Comments Off on The Fed Steps Up

Five million Americans have been out of work for more than six months. Less than half of the eight million jobs lost during the recession have been restored. In his press conference announcing the latest plan by the Federal Reserve to help improve the U.S. economy, Fed Chairman Ben Bernanke made it clear that the…

Scraping Together Retirement Income

By The Family Wealth Group | September 25, 2012 | Comments Off on Scraping Together Retirement Income

  According to the Federal Reserve’s 2010 Survey of Consumer Finances released in June, the typical U.S. household between ages 55 and 64 held just over $42,000 in their tax-exempt (IRA, 401(k), etc.) retirement plans, and the average value of bank savings accounts dropped in half, to $18,000. That’s about $60,000 available for retirement which, when coupled with…

Great Recession Strikes Home

By The Family Wealth Group | September 18, 2012 | Comments Off on Great Recession Strikes Home

According to a new study by Prudential Financial, the majority of women today are financially responsible for providing their own and their families’ income. Among the 1,400 women surveyed, 53 percent are primary breadwinners, and 22 percent of women who are married or living with a partner report being the one who makes the most…

A Health Care Plan – For You

By The Family Wealth Group | September 11, 2012 | Comments Off on A Health Care Plan – For You

A survey released in late July found that one in three doctors say they will quit practicing medicine in the next decade. But not because they’ll retire. Reasons given included declining reimbursement, unprofitable practices, and the high cost of doing business. According to the report, “this confluence of economic and regulatory pressures is driving some…

What “Recovery” Feels Like

By The Family Wealth Group | September 4, 2012 | Comments Off on What “Recovery” Feels Like

What “Recovery” Feels Like Today’s headlines are dominated by the claims, promises, accusations and trash talk of our noble presidential candidates. Each says they’re fighting for the future of middle-class Americans, a category of citizens for whom neither can admit to being a card-carrying member. But who is the middle class, anyway? Recent research and…

Making Homeownership Viable Again

By The Family Wealth Group | August 28, 2012 | Comments Off on Making Homeownership Viable Again

There’s been discussion in recent years about renting being a better investment than buying a home. Analysts have emphasized that homeowners need to take the perspective that owning a home is more about quality of life than the road to riches. But that’s like saying don’t invest in stocks when prices are low, which is…

Midyear Recap

By The Family Wealth Group | August 21, 2012 | Comments Off on Midyear Recap

The commentaries are in – July brought with it a host of analysis about how the economy is doing so far this year.   According to Fidelity Investments, “The U.S. remains in a mid-cycle expansion and the corporate sector remains solid, but improvement has slowed, and global and policy risks dampened the overall outlook for…