Financial Professionals Only: Contact your Invesco representative for more information.
Picture this: Your ready-to-assemble project parts are spread across the floor. Which would you rather use to do a quick pre-assembly inventory?
- A bullet list of all parts, with a verbal description of each part — for example, “six 4 x 4-inch satin nickel door hinges with removable pins and matching screws”; or
- A simple picture of the hinge, pins, screws and all other parts
My guess is that most do-it-yourselfers like me would opt for pictures, and a recent Massachusetts Institute of Technology (MIT) study1 appears to support that guess.Read More
Extra innings break a tie baseball game, while football games go into overtime. But when it comes to contributing to your IRA, the game’s over for most people on April 15 — also the deadline to file individual tax returns (forms 1040, 1040A, or 1040EZ) for 2013.Read More
It’s fairly easy to ID hyper-involved helicopter parents — their second grader has the nuclear fission project at the science fair, they have teachers’ and coaches’ numbers listed in their contacts, and they friend their kids on Facebook to keep tabs on what’s going on. Like most parents, I try to find that delicate balance between hands-on and hovering … a seat in the control tower where I can help them stay on course and avoid collisions and turbulence while letting them test their wings.
To fund or not to fund?
This parental dilemma comes to mind because it’s time to make contributions to my kids’ Roth IRAs with the April 15 deadline approaching. Could my parental largess decrease their potential to fend for themselves as confident, resilient, independent adults? Or will it simply give them a leg up later in life?Read More
President Obama’s fiscal year 2015 budget proposal reprises two especially controversial retirement-related limits from last year’s proposal.
First, the value of certain tax deductions, including retirement plan deferrals, would be limited to 28% of income. According to opponents of this provision, this would result in double taxation for individuals in the top three income brackets; contributions to 401(k)s and other retirement accounts could be partially taxed up front and then later at distribution.Read More
“Let’s eat kids!”
“Trespassers will be prosecuted and find $500.”
A small change can have a big impact. The addition of a comma— “Let’s eat, kids!” — transforms the first statement from macabre to motherly. Likewise, changing “find” to “fined” discourages rather than tempts trespassers.Read More
Public broadcast stations conduct periodic pledge drives to raise funds from listeners. During these drives, regular programming is interrupted with appeals for contributions. The setting is typically a pledge room, where station luminaries remind listeners of the benefits their programs offer while volunteers man banks of ringing phones in the background. In return for pledges, donors receive such items as mugs, tote bags, CDs and other “premiums,” depending on the amount of their pledged contribution.Read More