NEW YORK (Reuters) – By high school, Chris Davis knew his mind worked a little differently from those of other kids. He couldn’t maintain focus on longer projects, keep quiet or still, and kept losing things. Then came the diagnosis: Attention Deficit Hyperactivity Disorder, or ADHD.
In one sense, the news was a godsend: It allowed his family to chart a successful path forward, to the point where Davis, 42, is now director of retirement services for a Connecticut wealth management firm.
NEW YORK (Reuters) – If you’re a wealthy American who’s planning to hire an estate or trust attorney later this year, here’s a thought: Good luck. You’re going to need it.
That’s because the transit of Venus of estate planning is passing through, and by the New Year it is likely to be gone. It’s the lifetime gift-tax exemption of $5.12 million, paired with a similar estate-tax exemption. And it means that through the rest of this year, parents can pass along assets valued up to that amount to their heirs – maybe a house, maybe a stock portfolio, maybe part of the family business – without paying a single penny to Uncle Sam.
NEW YORK (Reuters) – With a wedding coming up, you’d think Jay Buerck would be obsessing about the usual details: Writing vows, choosing appetizers, or figuring out seating charts to accommodate challenging relatives.
But what worries the 29-year-old St. Louis marketing professional isn’t any of those things: It’s money.
NEW YORK (Reuters) – Jodi Furman likes to joke that she should paint her minivan yellow. That’s because she basically turns into a taxi driver in the afternoons and on weekends, as she delivers her three children to various sports practices in Palm Beach, Florida. But the bill for all those sports is no laughing matter.
“There are costs for joining teams, for buying equipment, for arranging private lessons, for travel,” says Furman, a 38-year-old personal-finance blogger at www.livefabuLESS.com. “It can really add up; I know families who spend over $10,000 a year on sports for their kids. Parents need to go into it with their eyes – and wallets – open.”
NEW YORK (Reuters) – While most kids are zoning out to Nickelodeon or playing video games on their parents’ iPhones, 13-year-old Jack James is busy creating multiple revenue streams for himself.
Back when he was nine, James got the idea to do the dirty work of taking his neighbors’ trash cans out for pickup, for a monthly subscription of $5. (He has since raised his rate to $10.) That work led to other gigs, like pet care and picking up mail when clients are away.
NEW YORK, May 15 (Reuters) – Tracy Repchuk’s three children
are still in grade school, but she’s already got college funding
figured out. The Repchuk kids are 14, 15, and 16 and when they
head off to college in a few years, here’s how much their
parents will be chipping in: Zero.
Not because they are being punished for something: Tracy
calls all three wonderful, outgoing and well-adjusted. And not
because the family is strapped for cash: Tracy, 47, is an author
and social media strategist, and her husband David Repchuk is a
mobile solutions developer.
NEW YORK (Reuters) – Talk to any American homeowner, and you’ll probably encounter some symptoms of chronic anxiety. Underwater mortgages, tanking house values and rampant foreclosures have shaken our psyches regarding the wisdom of property ownership.
But when it comes to real estate investment trusts (REITs) that invest in commercial property, they’ve been doing quite nicely, thank you very much. In fact if you invested in Vanguard’s REIT Index ETF during the lows of March 2009, you would have tripled your money since.
NEW YORK, May 4 (Reuters) – Talk to any American homeowner,
and you’ll probably encounter some symptoms of chronic anxiety.
Underwater mortgages, tanking house values and rampant
foreclosures have shaken our psyches regarding the wisdom of
But when it comes to real estate investment trusts (REITs)
that invest in commercial property, they’ve been doing quite
nicely, thank you very much. In fact if you invested in
Vanguard’s REIT Index ETF during the lows of March 2009,
you would have tripled your money since.
NEW YORK, May 3 (Reuters) – Whenever Manhattan attorney Ted
Scofield gets offered equity in a start-up, he feels like he’s
been thrown into the middle of a high-stakes Las Vegas poker
If he bets right, he could hit a flush and become richer
than he ever dreamed. If he bets wrong, he could end up with
NEW YORK (Reuters) – Considering how often Marjorie Asturias’s credit card charges have been denied recently, you’d think she was a notorious scammer, or an international art thief.
“We have plenty of credit on the card, and faithfully pay our balance in full each month,” says Asturias, 40, a Dallas, Texas resident with a penchant for books, gardening and her three dogs. “But suddenly, we’re getting a number of charges denied, sometimes while we’re standing at the register.”