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Your Money

Articles to keep you informed about trends and help you manage your money

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Your Money

©2015 Bloomberg View O06BGV6KLVR4 (Bloomberg View) — “The Incident.” Behold The board (the “Board”) of directors (the “Directors”) of the Company wishes to inform the shareholders of the Company (the “Shareholders”) that on 4 December 2015, a truck of the Group (the “Truck”) loaded with, among other things, all original

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Business HeadlinesYour Money

©2015 Bloomberg View NX19NU6KLVR6 (Bloomberg View) — Oops, Valeant. One thing that I will say about Valeant is that I am not at all an expert in U.S. health insurance law and practice, and you probably aren’t either. So it is just about possible that this is not as bad as

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Business HeadlinesYour Money

©2015 Bloomberg News NWYDX96JTSE9 (Bloomberg) — From tumultuous oceans to raw steak dinners, John McGuffick has had a few hairy moments at sea. But the retired Australian farmer says there’s no better way to see the world than from a budget berth on a cargo ship. McGuffick, 72, took his

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Dollar versus Euro
Business HeadlinesYour Money

©2015 Bloomberg View NWBCCV6S9732 (Bloomberg View) — Stash. “What happens when two finance vets get together with a guy who helped run a water bottle company and worked for Moby (yes, that Moby) selling teas, and build an app to convince today’s young consumers to start saving and investing?” asks

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Business HeadlinesYour Money

©2015 Bloomberg News NV4PIR6KLVRQ (Bloomberg) — Gaeton Della Penna met many of his clients through his church. The Sarasota, Florida, financial adviser took their $3.8 million and promised safe investments with returns of at least 5 percent a year. Instead, in May 2014, the U.S. Securities and Exchange Commission charged him with using some of the money on

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Business HeadlinesYour Money

©2015 Bloomberg News NVXE1Y6KLVRE (Bloomberg) — It’s the rally that just keeps on giving. Asian index futures foreshadowed another day of gains for the region’s stocks, with global equities on track for their best week since 2012 amid a bounce back in oil. No such luck for the dollar, which

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401k rising up growing
Business HeadlinesYour Money

©2015 Bloomberg View NV6W2G6S972D (Bloomberg View) — Over the years, I have been critical of the way 401(k)s are created, administered and managed. They can be expensive and filled with underperforming actively managed funds, some of which charge way too much. Some retirement plans offer too little diversification, especially in

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Tax Shelter
Business HeadlinesYour Money

©2015 Bloomberg News NNHRUH6K50YH (Bloomberg) — Chicago plastics manufacturer Stefan Edlis faced more than $20 million in U.S. capital gains taxes by selling his Andy Warhol painting to billionaire Steven A. Cohen eight years ago. He paid zero. Half of the proceeds from the $80 million sale of Warhol’s 1964

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Your Money

Penalty-Free Withdrawals From IRAs Before Age 59 ½ are Possible Many of you benefit from saving into an employer-sponsored retirement plan such as a 401(k), 403(b) or 457 plan. These plans have their advantages and drawbacks and depending upon the plan, you could get slapped with a 10% tax penalty

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Your Money

Copyright 2015 Bloomberg. NK8F5R6S972Z (Bloomberg Business) — With the U.S. economy gaining steam, employers are finally hiring — and those benefits have spread to most corners of the job market.  Even America’s young adults, who bore the brunt of the downturn, are starting to regain their economic footing. That doesn’t mean

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