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Researchers believe there may be a blood test that can predict who is about to develop Alzheimer's Disease or early memory loss up to two years before first symptoms occur. This test, developed by teams at Georgetown University and the University of Rochester, seem especially accurate in relation to past tests. Alzheimer's affects more than 5 million Americans and it's projected to jump to 13 million over the next 35 years. Head over to NBC News to read the rest of this article.
Identity theft has hit online tax filing in a big way. The newest band of identity thieves file taxes online under stolen names to get fraudulent returns. The IRS issued about $3.6 billion in refunds for fraudulent tax returns in 2011, according to a report from the U.S. Treasury Department.
If you’re hit, it can take months to sort out the mess and clean up your tax record, says Scott Mitic, Senior Vice President of Equifax Personal Solutions. Here’s what you can do to help prevent tax identity theft before it happens.
1. File as early as possible.
Once a return has been filed under a specific Social Security number, the IRS won’t allow a second. If you file early, you’ll lessen the chances of a thief filing in your name.
2. If you can’t file, get a PIN.
Filing early may not be feasible. However, if you know you’ll be filing electronically, go to the IRS.gov website and get your electronic filing personal identification number (PIN) number. Without that PIN, you — or anyone else — can’t ...
Take a look at Contributor, Michael Ruggiero's newest "Your Money Matters" spot on WGN regarding Market Expectations & 2013 Tax Tips. Please leave us any questions you may have on the topic. Also, don’t forget to check out Michael Ruggiero’s You Tube page for more informative videos on retirement planning!
Thank you to Michael Ruggiero, MBA | Financial Advisor with Ameriprise Financial Services, Inc. for sharing this information. Visit our Financial Planning section to read some of Michael’s articles on retirement planning. Don't miss the two articles that relate to this video:
Easing off: Changes at the Federal Reserve
Russell Price, Senior Economist, Ameriprise Financial
On December 18, the Federal Reserve announced that it would soon reduce the number of fixed income securities it purchases under its program commonly referred to as “quantitative easing” (QE3).
Beginning this month, Fed purchases of U.S. Treasury securities will drop to $40 billion per month from $45 billion, and its purchase of mortgage-backed securities will be cut to $35 billion per month from $40 billion. Current Federal Reserve Chairman Ben Bernanke further indicated that the central bank would likely pursue a steady reduction in its purchases over the next several months, but cautioned that officials would consider halting the cut-backs if economic activity were to deteriorate.
What it all means for interest rates …
The key question for investors and the economy is this: As the Fed reduces its purchases, will interest rates rise to economically disadvantageous levels? We do not believe so. First, we believe improving economic conditions should allow the Fed to steadily reduce its program of purchases over the first half of 2014, eventually eliminating the ...
2014 is a crucial year in which the monetary-stimulus-fueled recovery must shift to one supported by accelerating organic economic growth and progress on structural reforms. Developed market economies must begin to address their fiscal imbalances, while emerging markets must reassert their competitive position. Corporations must begin to demonstrate the ability to drive stronger sustained revenue growth and make some crucial allocation decisions about their significant cash positions.
As we look toward a world where the support of monetary policy may begin to recede, where are the seeds for future growth and opportunity planted?
No fat pitches in 2014
Using a baseball analogy, the term “fat pitch” describes a ball that is easy to hit. When it came to the markets in 2013, the fat pitch was the exceptional opportunity in equities vs. bonds during the year. We were in a market that rewarded risk. Going forward, we believe that we are entering a market where the opportunities may lie more in granular sector and security selection.
In what may be surprising to some investors, this ...