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Start Investing Earlier: Waiting until your 30's to start saving for retirement comes at a great cost.

Published: December 8, 2009 2:09:52 pm 1355 Views

People graduating from college and entering the workforce are likely to have a lot on their mind. Buying a decent car, purchasing a first home, getting rid of their college debt, etc. Saving for retirement often isn't very high on their list. It is something they figure they have plenty of time to worry about so they'll worry about it later. Many people don't get started until their 30's or even 40's. But what people don't realize is that this decision can greatly affect what kind of lifestyle t...

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The IRS has released its updated Publication 17 (Your Federal Income Tax) for use in preparing 2009 returns.

Published: December 7, 2009 8:29:10 pm 1495 Views

The IRS has released its updated Publication 17 (Your Federal Income Tax) for use in preparing 2009 returns. The 300-page-plus work reflects the many tax changes that affect the 2009 return, including the changes made to the first time homebuyer tax credit (FTHTC) by the Worker, Homeownership, and Business Assistance Act of 2009. (See Joe Arena's recent post for more information on the extended FTHTC). IRS Publication 17 also highlights over 35 changes that apply for the first time on the 2009...

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Heading North: Interest Rates

Published: December 7, 2009 2:19:46 pm 1509 Views

The Federal Reserve has famously lowered interest rates to the lowest they've ever been to help avert an implosion of the international financial system. Now that the crisis has passed its zenith, and in combination with the explosion of federal deficits, interest rates have only one way to go: up. At the same time, investors have flocked to safety amidst stock market turmoil and bond mutual funds have been receiving record inflows. As interest rates rise, many of these popular bond funds wil...

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Estate Taxes: Good New for 99% of Americans

Published: December 7, 2009 2:07:21 pm 1475 Views

Back in 2001 Congress passed a law to make estate taxes vanish by 2010 and then come roaring back in 2011. Faced with a loss of revenues in 2010 (Congress hates that) and the return of high estate taxes in 2011 (widows & orphans hate that), it was a story without a happy ending for anyone. Last week the US House of Representatives passed a bill that will "permanently" extend the estate tax at a top rate of 45% but with an important exemption: individual estates up to $3,500,000 ($7,000,000 f...

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Hey Analysts - What Were You Thinking?

Published: December 4, 2009 2:56:53 pm 1455 Views

The big news this morning is the much lower than expected job losses in the US economy: only 11,000 jobs lost last month, where analysts had expected well over 100,000. This is one more piece of slowly accumulating evidence that the economy is well on the way out of recession. The financial crisis of the last year was a crisis of confidence. Confidence is returning - and with it you will continue to see financial markets respond. Next post I'll talk about congressional action on estate taxes...

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The Bond King's Latest Advice

Published: December 4, 2009 1:57:16 am 1486 Views

The world's biggest bond fund manager, Pimco's Bill Gross, issued his December newsletter this week. The title, "Anything but 0.1%, refers to the national average yield for money market funds. Mr. Gross describes the tough environment for savers right now. Money markets yield 0.1%, one year CD's average 1%, and two-year Treasuries yield less than 0.75%! What is a conservative investor to do for income needs? Mr. Gross describes what Pimco has recently been buying for income in one v...

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Credit for Homebuyers who Trade Up/Trade Down

Published: December 2, 2009 6:50:36 pm 1563 Views

In addition to extending the tax credit available to first-time homebuyer's the IRS has now expanded the program to existing homeowners. The qualifications are as follows: You must have maintained the same principal residence for any 5 consecutive year period during the 8 year period ending on the date of purchasing the new home. The home purchase must be after November 6, 2009 and closed prior to July 1, 2010, with the home under contract by May 1, 2010. The purchase price cannot exceed $8...

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Welcome to our Brighton Securities blog!

Published: December 2, 2009 2:01:26 pm 1853 Views

Welcome to our Brighton Securities blog! We're looking forward to the opportunity to post useful information, economic and market observations, and other items of potential interest. You'll also find regular updates from our Tax & Accounting department to stay informed of changes to laws that will affect you - and you can expect to see a lot of change in federal and state tax policy over the next 18 months. As a disclaimer, I would like to add that it's not our intent that this blog should...

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Welcome to Brighton Securities

Published: November 18, 2009 4:56:29 pm 1491 Views

Brighton Securities is a local, independently owned stock brokerage and financial services firm that was established in 1969. We've been the same company, had the same name, been at the same location in Rochester, New York, ever since--which makes us pretty unique in the financial world. For 40 years, we've worked with thousands of clients--many of whom continue on with us even though they've moved from the area. We're also delighted by the number of our clients' children and even grandchildren-...

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We provide advice and direction that comes not just from market expertise and experience, but from listening to you, our client. We place you at the center of your financial plan.

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