Mortgage Interest Deduction Supported The House Ways and Means Committee held a hearing on April 25, 2013 to consider tax reform and residential real estate. Ways and Means Chair Dave Camp (R-MI) is in his final two years of leadership of the committee. He and Senate Finance Committee Chair Max Baucus (D-MT) have both been […]
Archive | April, 2013
AAM Weekly Market Wrap – April 28, 2013
Weekly Market Wrap: Stocks rebounded this week despite a missed durable goods order report and a 1st quarter GDP report that only matched expectations. For The Week The S&P 500 gained 1.74% to 1,582.24 Oil surged 5.31% to $92.96 Gold rebounded 3.97% to $1,456.84 The US Dollar slipped 0.30% to $82.48 against other major […]
Nearly Half of Middle-Aged Americans “Sandwiched” Between Kids and Parents
Forty-seven percent of Americans in their 40s and 50s have a parent aged 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). Among this group, 15% are providing financial support to both an aging parent and a child. While the Sandwich Generation is […]
Washington Hotline – April 23, 2013
President and VP Release 2012 Tax Returns Each year President Barack Obama and Vice President Joe Biden release their tax returns. Both the Obamas and the Bidens have released their joint tax returns for year 2012. President Obama paid a tax rate of 18.4% of his adjusted gross income of $608,611. The Obamas paid federal […]
AAM Weekly Market Wrap – April 21, 2013
Weekly Market Wrap: Stocks slipped and gold tumbled as global growth concerns and disappointing earnings projections brought out the sellers. For The Week The S&P 500 dropped 2.11% to 1,555.25 Oil fell 3.31% to $88.27 Gold plummeted 5.79% to $1,401.26 The US Dollar gained 0.63% to $82.73 against other major world currencies. 2013 Year-To-Date for […]
Social Security Tips for April 2013
Military service members can receive expedited processing of disability claims from Social Security. Benefits available through Social Security are different than those from the Department of Veterans Affairs and require a separate application. The expedited process is used for military service members who become disabled while on active military service on or after October […]
Is Increased Inflation on the Horizon?
Economists and market watchers have been warning investors about the prospect of increased inflation since the housing bubble burst in 2007. Worries about inflation have been cropping up more frequently lately, largely due to escalating commodity prices, which are pushing up consumer prices, both in the United States and abroad. With an improving economy […]
Washington Hotline – April 16, 2013
White House Releases 2014 Budget On April 10th, the White House published the federal budget for 2014. Previously, both the House Republicans and the Senate Democrats had passed their respective budgets. While there are wide differences in the three budgets, the President, the House and the Senate now have all outlined their respective financial goals. […]
AAM Weekly Market Wrap – April 14, 2013
Weekly Market Wrap: Stocks gained this week as the Fed indicated that it will continue to purchase assets to boost the economy and China data beat expectations. For The Week The S&P 500 gained 2.29% to 1,588.85 Oil dipped another 1.89% to $91.29 Gold plummeted 5.82% to $1,487.38 The US Dollar slipped another 0.39% to […]
Most Employers Have Not Calculated the Cost of Health Care Reform
The majority of employers hope to avoid any cost increases that may be associated with the Patient Protection and Affordable Care Act (PPACA), yet more than half have not yet calculated the potential cost of compliance. These and other notable findings were revealed in Willis Human Capital Practice’s Health Care Reform Survey 2013, a […]
