>Initiatives to Promote Savings From Childhood Catching On
I have come up with a slightly different version of what this article talks about. This article poses giving $500 to every child born in the and for the money to be used for college or retirement. My idea would be to give much more money and let it grow only for retirement, however the money would only be a loan which would be paid back upon reaching adulthood. The loan would be paid out of the same funds that we currently pay to social security, thus there wouldn’t be an extra burden.
Short term costs would be astronomical, but the long term benefits would be absolutely incredible.
>Smartmoney.com: Consumer Action: Successful Landlords Aren’t Wimps
THINKING OF BECOMING A LANDLORD? Join the club. A record 1.8 million homes were purchased as rental properties last year, according to the National Association of Realtors — a 14.4% increase from 2003. In fact, nearly one in every four homes bought in 2004 (23%) was a second-home purchase meant to be rented out.
A great article from Smartmoney on Rental Real Estate, if you are anticipate becoming a landlord read this.
Scott Dauenhauer, CFP, MSFP
>USATODAY.com – Equity-indexed annuities scrutinized
I think that most of the people selling these annuities are dishonest or naive. They don’t understand the product and they mislead you into believing that you can earn a better return than is really possible. Most of these contracts are incredibly difficult to understand and are designed to benefit the insurance company, not the individual. Stay away from Equity Indexed Annuities.
>Smartmoney.com: The Pro Shop: Should We Scrap the Tax Code?
“WHAT IF APRIL 15 WERE JUST another day? Just imagine: no more digging through shoe boxes full of receipts, no more standing in line at the post office, no more panicked calls to your accountant. ”
Interesting article about a proposal in congress to eliminate the IRS. I read the book (The Fair Tax) and found it quite interesting. I am not yet committed to the idea, but am much more open to it now than I was before reading the book. Imagine not having the IRS to deal with……
>E-mail is working now. My website is still down, but now in my control. I hope to have it up again soon. In the meantime www.meridianwealth.com has been forwarded to this blog.
Please send all e-mails to my normal address, email@example.com.
>While on vacation I had some e-mail problems. I was locked out of my webmail and could not respond to e-mails many of you sent from Tuesday August 1st through Saturday August 6th. If you sent an e-mail during this time period it was likely lost in cyberspace and I ask that you kindly resend it.
The problem stemmed from my e-mail box being full,
but not being able to empty it. I have fixed the
problem by switching to a new provider (Yahoo Web
Hosting) where access will be easy and my inbox will
never be full. This process may take a few days and
during this time you may have your e-mails to me
returned. Some e-mails are getting through, others
not. My website may also be down for a day or two
while the new provider takes over the daily
I apologize for any inconvenience this
may cause you, I assure you I am not happy about
the situation either. In the meantime, if an e-mail is
returned to you, you may respond to me at
firstname.lastname@example.org. This problem should be
resolved by tomorrow.
>I will be on vacation from July 20th through August 6th. I will be checking e-mail and voicemail, but don’t expect any quick responses – I’ll be focusing on the beautiful Caribbean!
On a separate note, I moved my family to Murrieta California. Orange County home prices were just to out of control for me to want to purchase something. We were able to build a 3,000 sq. ft. home on a big lot for less than the price of a condo in Orange County. Don’t panic, I am not leaving the O.C. I will still make my way into the OC once or twice a week to meet with my wonderful clients. I will still be available to all of you and I am not closing my office in Laguna Hills, it will remain open (though I may end up sharing it with somebody)!
So far even with the heat we love it out here in Murrieta. We live on a cul-de-sac and my son has about a dozen friends he can play with at any one time! So far three neighbors are putting in pools and I suspect a couple others will as well…..this is great because it means I don’t have to spend MY money on a pool!!
What really amazes me is that we paid less per sq. ft of living space for this home than we did our townhome five years ago in Aliso Viejo. I am of the opinion that OC prices are simply to high, maybe they won’t crash, but it is doubtful they will continue at anywhere near the pace of the past few years……..of course what do I know, I have been wrong about real estate for past two years now!
Best wishes to all, I’ll be checking e-mail and voicemail while sailing on the Caribbean, just don’t expect any quick responses!!