Introducing Kids (and Grandkids!) to Investing Setting the stage As your kids learn more about managing their money, introduce the concept of investing. Its a great way to reinforce the ideas of goal setting, saving, and budgeting. It can help put them on a long-term path to financial independence. Keep it simple When kids are in elementary or middle school, its a good idea to teach kids to put money away in three buckets: save, spend and share. As they get a little older, say into high school, you can get a little more sophisticated in how you approach investing. Start by explaining that investing is a means of using your money to try to create more money. This usually starts to make more sense for kids when they start to work and they can finally realize how hard they have to work to pay for something, especially after Uncle Sam takes his fair share. Make it real You can start your investing conversation by having a family meeting. You should explain that your intention is to
In many ways, 2016 has proven to be predictably unpredictable as highly covered events and predictions have not met up with outcomes (a few examples: Growth concerns in China, Fed uncertainty, Global slowdown fears, and Brexit). Q4 proved to be no different with the surprise election outcome of President-elect Donald Trump, and continued shifts in the political landscape abroad. Optimism about the incoming administrations plans for fiscal stimulus through reduced taxes and increased infrastructure spending, along with a move toward deregulation in the financial industry, seemed to drive sentiment for Q4. This positive sentiment was the primary driver of outperformance in the financial and industrial sectors, the expectation of nationalistic trade policies weighed on EM Equities, while positive sentiment surrounding U.S. equities drove investors out of Treasury and into U.S. equities, sending the yield on the 10-year Treasury Note to 2.37%. Some key highlights over the quarter: According
In a Japanese study that examined how to make the most of a nap, people who took a coffee napconsuming about 200 milligrams of caffeine (the amount in one to two cups of coffee) and then immediately taking a 20-minute restfelt more alert and performed better on computer tests than those who only took a nap. Why does this work? A 20-minute nap ends just as the caffeine kicks in and clears the brain of a molecule called adenosine, maximizing alertness. Adenosine is a by-product of wakefulness and activity, says Allen Towfigh, MD, medical director of New York Neurology Sleep Medicine. As adenosine levels increase, we become more fatigued. Napping clears out the adenosine and, when combined with caffeine, an adenosine-blocker, further reduces its effects and amplifies the effects of the nap. To read the full article, please go to Health.com.
Ed had a great adventure this summer when he had the chance to take his 24 foot Sea Ray 110 miles up the Erie and Seneca Canals. Ed and his wife, Gladys, took several days to make the journey and take in the history of the canals from Amherst to Seneca Falls. You can read all about Eds trip, the old canal and lock system, and his thoughts about the trip as part of his article this past August in the Lakewood Observer. A retired sergeant with 37 years of service to the Lakewood Police Department and member of the Lakewood Board of Education, Ed is a member of the Lakewood Chamber of Commerce, the American Legion, and Lakewood Kiwanis. He stays busy as Marine Patrol Supervisor for the Lorain Port Authority and as a polygraph examiner in the government and private sectors. Gladys will retire from Lakewood Schools in March and they are traveling to Hawaii.
For many, the end-of-summer months of July, August and September brings warmer weather, vacation and time with family. At the end of Q3, investors were treated to some calm as light trading activity was met with modest gains across stocks and the Fed decided not to change rates on September 22nd. Despite volatility through the first half of the year, Q3 brought much needed positive economic data, job growth and increases to investor sentiment. Some key highlights over the quarter: Investors were encouraged by a solid upturn in US housing construction, driven in part by continued improvement in the job market. Late in the month, the US Commerce Department announced that new home sales had surged 12.4% in July and reached a nine-year high. International stocks rose during the quarter, as investors shifted towards equities given the low interest rate environment. Global financials, though, rallied during the month as uncertainty around Brexit eased and bank share prices began to rebound
There are some proven tax planning tips that can be applied each and every year. They are highly effective and proven to minimize your tax bill. Here is a brief highlight of the tax planning maneuvers you should be considering for 2016: 1)Defer Income: Income is taxed in the year it is received. Consider deferring year-end bonuses from employers to 2017 if that income will place you in a higher tax bracket in 2016. If you are self-employed, you may consider delaying billings until late December so that the payments are not received until 2017. Also consider accelerating income into 2016 if you will be in a lower tax bracket in the current tax year. 2)Charitable Deductions: You may wish to consider donating appreciated property (stocks or property) in lieu of cash. You achieve the double tax benefit of deducting the contributed asset at Fair Market Value and avoiding paying the capital gains tax on the built-up appreciation. 3)HSA: Consider setting up and contributing to a Health Savings
New Brain Training Technique Used at the Olympics This years summer Olympics in Rio gave way to a brand new form of fitness. Halo Sport, a set of headphones designed to stimulate the brains motor cortex, was used by several of the athletes who competed in this years games. The company behind this invention, Halo Neuroscience, compare it to the way good nutrition supports a healthy body and strong muscles. Click the link below to see the full article, as well as a video of the Olympic athletes who used it and their reactions. http://www.labroots.com/trending/neuroscience/3905/brain-training-olympics