Monthly Archives : April 2015
Sonja Tonnesen got exactly what she wanted when she came to New York from Boston a year and a half ago.
Eager to sprint ahead in a career in hotel management, the 26-year-old scored a $75,000 job at the chic 57 restaurant at the Four Seasons Hotel, where she ran a department and made sure celebrities received VIP service.
Then in January, Tonnesen got laid off. She went from the fast track to worrying about burning through her last buck.
Frugality and safety are in; bling and plastic are out. The economic meltdown has sparked a major shift in our financial values. And one that’s likely to last.
Valerie Scruggs started trading stock options after being laid off from her job as an IT manager two years ago.
Scruggs, who lives on Manhattan’s Upper West Side, says at first it was a way to make ends meet. But then she started thinking about it for a primary income.
Investors accustomed to seeing strong stock market gains in the October-February period, may be wondering what this year will bring after the stunning rally that began in April.
Much of that has been based on the assumption that recession would yield to recovery and then expansion. There is, however, a contrarian view that says the market is already way ahead of the economic realityand that the rally to date, never mind the end-of-year bounce, is wishful thinking.
During his last year at the University of Cambridge in England, Barney Harford, son of two educators, wasn’t sure what he wanted to do after graduation.
“Lots of big companies were interviewing on campus,” recalled Harford, a natural sciences major who had interned at a nuclear power company. “I decided to see what kinds of jobs they had. After interviewing with Mars, the candy company, I got feedback I’d asked too many questions and might be better suited for a job in consulting.”
Although admittedly many people look upon January 1st as the trigger-point for resolutions, an organization known as Savvy Ladies figures that April 15th is really the better date.
“Tax time is often the only time of the year when a lot of people sit down and look at how much they’ve earned and how much they’ve been able to save,” says Stacy Francis, founder of Savvy Ladies and a certified financial planner,. “It’s a bit of a shock for many to see how much cash slips through their fingers every month.”
Tax season is right around the corner, Auntie. Use this time to prepare for your financial future and make sure that those you love will be taken care of. Here are some issues you should consider and discuss with your tax adviser, financial planner and attorney:
Consider exemptions and tax rates – during your life, or at death, you can transfer up to the exemption amount free of federal gift and estate taxes. If your taxable estate is equal to or less than the exemption and you have not already used any of the exemption on lifetime gifts, no federal estate tax will be due when you die. If it exceeds this amount, it will be subject to estate tax.
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We’ve gathered knowledgeable, dedicated divorce experts from a variety of fields to lend their advice and perspectives. Our experts include lawyers, healthcare professionals, certified professionals, and everyday women with insight into the topics that will help you stay empowered.
Commission-free trades on an exchange traded fund (ETF) are a beautiful thing if you’re an investor who’s seen returns eroded by sundry fees. But it’s important not to become too caught up with the notion of no-transaction fees at the expense of other factors in determining an ETF’s merits.