Sep 4, 2013 | Blog, Investments, News, Stocks
Hedge fund gurus Mark Rachesky and Carl Icahn both bought truck loads (pardon my pun) of shares in the company Navistar (NAV). Rachesky’s hedge fund, MHR Fund now owns 15.8% of the company’s shares and Icahn 16.5%. Both of these seasoned investors are...
Aug 13, 2013 | 401k, Blog, Employee Benefits, Fiduciary, News, Retirement Planning, Self-Employed
A district court in Connecticut ruled ING Life Ins. and Annuity Co. (“ILIAC”) a fiduciary related to its revenue sharing practices and scheduled a four week trial to begin anytime after September 3. The lawsuit, Healthcare Strategies v. ING Life Insurance and Annuity...
Jul 27, 2013 | Blog, Education Funding, News
529 Savings plans are popular as evidenced by an average account balance of $17,174 and total plan assets closing in on $200 billion. Their appeal is due to high contribution limits, tax-free-growth and withdrawal (must meet federal requirements). Grandparents...
May 27, 2013 | Blog, Bonds, Investments, News, Retirement Planning
4 Key Questions to Protect Your Coupon Income If you, or anyone on your behalf, buys individual bonds in your account, know the markup game. A markup is when a broker-dealer buys a bond at a low price and resells it at a higher price. This difference, called the...
May 27, 2013 | Blog, Bonds, Investments, News, Uncategorized
Municipal bonds have traditionally attracted conservative investors looking for federal tax exempt income. While municipal bonds carry the risk of default, investors rely on rating agencies to grade the issuer’s credit with ratings from AAA to junk bonds. Just like...