8 July 2010, 11:16 am
Allianz Life Insurance Company released a June 2010 survey of 3,257 people to find out what scared people the most: running out of money in old age or death itself. Quite surprisingly, the results came back showing 61% of Americans between 44 and 75 fear depleting their assets over the inevitability of death. Nearly all respondents (92%) believe this fear of outliving our savings stems from the crisis facing the retirement system in the United States.
According to the study, those who were relying on employee pensions were less concerned about their retirement future than those whose personal savings were in the bank or wrapped up in 401K plans. Since 57% of those questioned saw a major dip in their net worth because of the recent recession, results also confirmed that some 47% of respondents have found a way to lower their daily spending and 11% have told their children to expect less financial support. If you would like further information about how you and your family can manage your assets please contact our California private fiduciaries and trustees.
8 July 2010, 10:24 am
Provided by Craig Curreri, Coldwell Banker Residential
Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.
The Homebuyer Assistance and Improvement Act of 2010, signed by the President, extended the closing deadline from June 30 to Sept. 30 for any eligible homebuyer who entered into a binding purchase contract on or before April 30 to close on the purchase of the home on or before June 30, 2010. The new law addresses concerns that many homebuyers might be unable to meet the original June 30 closing deadline. Continue reading ‘ELIGIBLE HOMEBUYER CREDIT PURCHASES’ »
17 May 2010, 2:16 pm
Mrs. Hazel Soares is 94 years old and was among the proud 500 undergraduates to pick up their diplomas at the Mills College commencement this past Saturday. She is believed to be the world’s second oldest person to graduate from college. Congratulations class of 2010!
Check out the video here.
3 May 2010, 4:07 pm
Best predictor is “Months of Supply” of inventory
Provided by Craig Curreri, Broker Associate/REALTOR, Coldwell Banker Residential
There’s no way to tell exactly when the bottom of the real estate market will be in your area. I’ve been analyzing the data for years and have seen numerous ways to predict what will happen. The truth is that nobody has a crystal ball. The best predictor that I have found is “months of supply”. Here’s how it works…
Assume that there are 96 houses on the market currently in a specific price range within your area. Last month 12 of these houses sold. If no new listings came on the market, it would take eight months (96 listings divided by 12 sales per month) for the entire current inventory to sell.
Continue reading ‘ESTIMATING A REAL ESTATE BOTTOM’ »
3 May 2010, 2:36 pm
The $250 million dollar advances and other payments for a March 2010 deal between the Michael Jackson Estate and Sony Records is just the icing on a cake that will delve through perpetual layers of sky-high royalty rates, licensing arrangements for films and television, and 10 recordings through 2017.
The deal comes on the tails of money-making strategies by estate executors for celebrities such as Elvis Presley and the Beatles who have reissued and reused old albums in new ways, generating major revenues across the entertainment board. Since Michael’s death in August of 2009, 31 million copies of his music have been sold worldwide and last year alone Jackson was the biggest-selling artist in the United States.
