Social Security cost-of-living allowance increases for 2017 is just 0 #fa #playbook, #special #reports, #fa


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Social Security cost-of-living allowance increases for 2017 is just 0.3 percent

Your Social Security check will increase by a measly 0.3 percent next year.

That’s according to the Social Security Administration, which announced its 2017 cost-of-living adjustment on Tuesday. The “COLAs” are based on increases in the Consumer Price Index.

The agency also will be taking more. It said it will increase the maximum amount of earnings subject to the Social Security tax to $127,200 from $118,500, starting in January.

Social Security checks

The announcement comes months after the agency’s board had predicted that the adjustments payable next January would range from zero to 0.7 percent. The Medicare Trustees report in June had predicted a COLA increase of 0.2 percent for Social Security.

The average monthly Social Security benefit in January will be $1,360, $5 more than now, according to the government.

News of the tiny increase doesn’t come as a surprise for financial planners, who already held out pessimistic expectations.

Stretching a dollar

Financial advisors have said that they aren’t counting on Social Security COLAs as a retirement income boost, especially since 2016 was a year with no increase for retirees.

As a result, advisors are looking for other ways to help older clients generate income, including increasing allocations to stocks.

“If inflation happens, whether Social Security recognizes it or not, you’ll have to increase retirement income,” said Benjamin Brandt, a fee-only financial planner at Capital City Wealth Management in Bismarck, North Dakota.

“It’s not coming from your pension or from Social Security,” he said. “It’s coming from your investment portfolio.”

The effect of having a tiny-to-flat increase in Social Security is much more jarring for people who largely depend on the government program.

“The government is looking at CPI, and if they see no inflation, then there’s no increase,” said Gregory L. Olsen, a partner at Lenox Advisors in New York.

“Seniors who rely on it are in a position where if their rent goes up $50 a month, but Social Security increases by only $5 a month, what will you do without now?” he asked.

There aren’t very many ways for retirees to squeeze out an extra dollar from otherwise “safe” pots of cash. Rates on three-year certificates of deposit are still below 2 percent. and savings accounts are crediting interest in the neighborhood of 1 percent.

Medicare woes

Next year, a handful of retirees will contend with increased costs for Medicare Part B, the insurance program that applies to doctor’s services and outpatient care.

A “hold harmless” provision buffers most retirees from increased Medicare Part B expenses in a year when the increase in the premium is higher than the Social Security COLA. These people will not pay higher Part B costs.

You can expect to pay higher Part B premiums in the following situations:

  • You’re eligible to enroll in Medicare for the first time in 2017.
  • You’re enrolled in Medicare, but you aren’t collecting Social Security.
  • You’re already subject to Medicare premium surcharges because you didn’t enroll on time and now have to pay a penalty.

Keep a lid on your costs by enrolling for Medicare when you’re eligible. You can sign up during the initial enrollment period, which starts three months before your 65 th birthday and ends three months after.

If you miss that first enrollment window, you will be subject to a 10 percent late fee for each 12-month period you went without coverage. You will pay this surcharge for the remainder of your life.

Where do the candidates stand?

As retirees and their financial advisors grapple with the prospect of another year with flat Social Security income, the presidential candidates have had little to say about the program at the last two debates.

But Donald Trump and Hillary Clinton spelled out their positions in an AARP Bulletin on June 27.

There, Clinton’s campaign said she was against cutting COLAs, would push back against privatization of the program, and fight efforts to increase the retirement age. She has also supported taxing high earners’ income beyond the current cap of $118,500.

In that same AARP Bulletin. Trump’s campaign said he would work with Congress to ensure “we have a pro-growth agenda in place,” but did not provide details on specific changes to Social Security.

“If we are able to sustain growth rates in GDP that we had as a result of the Kennedy and Reagan tax reforms, we will be able to secure Social Security for the future,” his campaign said.

Darla Mercado Personal Finance Writer


Honda Dealer Capitol Heights MD New & Used Cars near Washington DC-Pohanka Honda #honda #dealer


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  • Sales Department
  • Monday 9:00 am – 9:00 pm
  • Tuesday 9:00 am – 9:00 pm
  • Wednesday 9:00 am – 9:00 pm
  • Thursday 9:00 am – 9:00 pm
  • Friday 9:00 am – 9:00 pm
  • Saturday 9:00 am – 7:00 pm
  • Sunday 11:00 am – 5:00 pm
  • Service Department
  • Monday 6:00 am – 8:00 pm
  • Tuesday 6:00 am – 8:00 pm
  • Wednesday 6:00 am – 8:00 pm
  • Thursday 6:00 am – 8:00 pm
  • Friday 6:00 am – 8:00 pm
  • Saturday 7:00 am – 6:00 pm
  • Sunday 9:00 am – 5:00 pm
  • Parts Department
  • Monday 6:00 am – 8:00 pm
  • Tuesday 6:00 am – 8:00 pm
  • Wednesday 6:00 am – 8:00 pm
  • Thursday 6:00 am – 8:00 pm
  • Friday 6:00 am – 8:00 pm
  • Saturday 7:00 am – 6:00 pm
  • Sunday 9:00 am – 5:00 pm

Pohanka Honda located in Capitol Heights, MD near Washington DC.

Visit Pohanka Honda in Capitol Heights, MD for the 2018 Honda Odyssey and 2017 Honda Accord, Accord Hybrid, Civic, CR-V, Fit, HR-V, Pilot and Ridgeline and the 2016 Honda CR-Z.

We Are Your Capitol Heights New & Certified Preowned Honda Dealership Near Alexandria, Annapolis, Arlington, Baltimore, Bethesda, Bowie, Clinton, College Park, Fort Washington, Greenbelt, Hyattsville, Silver Spring, Upper Marlboro, Vienna, Waldorf and Woodbridge. MD

If you’re wondering where is Pohanka Honda or what is the closest Honda dealer near me? Just look for the Car Tower at Beltway Exit 13. Pohanka Honda is located at 1772 Ritchie Station Court, Capitol Heights, MD 20743. You can call our Sales Department, Service Department or our Parts Department at 855-975-5988. Although Pohanka Honda in Capitol Heights, Maryland is not open 24 hours a day, 7 days a week – our website is always open. On our website, you can research and view photos of the new Honda models such as the Accord, Civic, Crosstour, CR-V, Fit, HR-V, Odyssey or Pilot that you would like to purchase or lease, search our entire inventory of new and used vehicles, value your trade-in and visit our Meet the Staff page to familiarize yourself with our staff who are committed to making your visit to Pohanka Honda a great experience every time. Also, don’t forget to go to our Pohanka Honda Dealer Reviews page for the latest comment and dealership reviews.

New Honda Cars & SUVs

Looking for a new 2017 or 2018 Honda. Look no further than Pohanka Honda in Capitol Heights, Maryland. We offer a full lineup of new Honda vehicles and preowned cars. Our friendly Pohanka Honda new car dealer staff is dedicated and will work with you to put you behind the wheel of the Honda vehicle you want at a price you’ll love. Feel free to browse our online inventory, request more information about our vehicles from one of our expert Pohanka Honda sales professionals, or set up a test drive with a sales associate.

Used Cars Trucks & SUVs Near Washington DC

As one of the Washington DC’s leading Honda dealerships, Pohanka Honda also has a wide variety of preowned cars, trucks & SUVs for you to choose from. Click here to find used cars for sale. Each vehicle has undergone a rigorous inspection to ensure the highest quality used vehicles in Maryland. Stop by Pohanka Honda or search online to find the used car, truck or SUV that is right for you. We have used cars, trucks & SUVs for every need and budget, and our expert staff will always work with you to get you in the vehicle you want for an affordable price.

Auto Finance, Loans, Lease, Special Offers & Preapprovals Capitol Heights MD

Visit our Pohanka Honda finance page to get preapproved today! Our finance department staff are dedicated to putting you in the car you want, at a price you can afford. We also offer competitive auto lease options for our customers not looking to purchase a vehicle. Whether you are looking to finance or lease your new Honda car, truck, or SUV, our finance experts will work to arrange affordable payments for our customers. In addition to our finance and lease options, we offer a wide variety of /search/new,special/tp/v:3/ including factory incentive offers on almost all of our new Honda models in stock.

Auto Repair, Service, Parts & Accessories

Our state of the art auto service department here at Pohanka Honda will keep your new Honda vehicle or used car in excellent condition. Our diagnostic equipment operated by our expert technicians will detect any issues that may be occurring in your vehicle so that our Honda trained service technicians can fix the problem right the first time. We offer all the auto services, auto maintenance and auto parts you need to keep your vehicle running like new. Visit our service department page to schedule a service appointment or our parts department page to order auto parts or for more information.

2017 Pohanka Honda in Capitol Heights. All Rights Reserved.


Best Student Loan Consolidation Programs for 2017 – Student Loan Consolidation Program Reviews, student loan


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Student Loan Consolidation Student loan finance center

Whether you have federal student loans (such as Stafford, PLUS, or Federal Perkins loans) or private student loans, there are a number of student loan consolidation services that can help you consolidate your loans into one single debt. This can result in lower interest rates, and, in some cases, dramatically reduced monthly loan payments.

Many consolidation services offer fixed interest rates for the life of the loan, which can lock in your savings for years to come. This is good since consolidation loans typically have longer terms than other loans – usually anywhere from 10 to 30 years.

Continue reading below reviews

Student loan finance center

Student Loan Consolidation Reviews

Student loan finance center

Student loan finance center

NATIONAL DEBT RELIEF Student loan finance center

National Debt Relief is a leading provider of financial solutions, and they have an impressive range of options for both private and federal student loans. This company comes with a strong reputation, maintains a strong A rating from the Better Business Bureau, and offers a 100% money back guarantee with their plans. If you’re in the market to consolidate and better manage your student loans, National Debt Relief should be your first choice. Read More. Student loan finance center

Student loan finance center

Student loan finance center

SoFi (which is pronounced SEW-fi , short for SOcial FInance ) is one of the most innovative resources available for both federal and private student loan consolidation. Their user-friendly website, including helpful articles to help students navigate the world of finance, makes it easy to understand all of your options. SoFi is also the only lender we found that offers unemployment protection, which may allow you to suspend your loan repayments for up to 12 months if you lose your job. SoFi should absolutely be on your short list for lenders if you’re looking to consolidate your student loans.

Student loan finance center

Student loan finance center

STUDENT LOAN CONSOLIDATOR

Student Loan Consolidator offers both federal and private student loan consolidation. They also offer special options, such as interest-rate reductions and interest-only payments. Additionally, they provide a toll-free number that enables you to contact loan counselors with any questions you might have. Read More. Student loan finance center

Student loan finance center

Student loan finance center

LENDKEY

LendKey is an online provider of student loan consolidation services with strong customer reviews. Their ability to connect students with community banks and credit unions for both federal and private school loans makes them a good choice for most consumers, though occasional issues with the website may prove frustrating. Read More. Student loan finance center

Student loan finance center

Student loan finance center

CHASE LOAN CONSOLIDATION

Chase is a leading financial services institution and one you can trust when it comes to federal student loan consolidation. Their online application is quick and easy, and you can find out whether you are eligible for their services within moments. Chase has a professional website that is easy to navigate and use. However, Chase does not quite offer the same level of service as our higher-rated selection. Read More. Student loan finance center

Student loan finance center

Student loan finance center

WELLS FARGO LOAN CONSOLIDATION

Wells Fargo offers competitive loan consolidation for those who are consolidating only private student loans. They do not offer consolidation of Federal loans, which dropped them a bit in our ranking.

A recent study by the National Center for Education Statistics shows that half of all recent college graduates have an average student loan debt of $10,000. For some students, this amount is much higher. Many students receive loans from a variety of sources.

There are many advantages to consolidating all of these loans into a single debt. With interest rates at record lows, you will most likely receive a better rate by consolidating your loans now than when you first got your loans. The second advantage is reducing the number of creditors you have, which makes it easier to keep track of monthly loan payments. Consolidating your student loans into a single debt also simplifies the repayment process, making it less likely that you will default on your loan payments.

There are a number of services available to help you in this process. Some only offer federal student loan consolidation, while others enable you to consolidate both federal and private student loans. Therefore, it is important to make sure that the student loan consolidation service you choose meets your student loan consolidation needs.

Additionally, while some websites provide instant, online loan quotes, other websites do not. You will want to make sure that the service you select provides you with the information you need to make consolidation decisions.

There are a variety of issues to consider when looking for a student loan consolidation plan. Some of these include:

  • Information. Does the website provide adequate information to help you make student loan consolidation decisions?
  • Quality of Service. Does the website provide consolidation solutions that meet your needs?
  • Professionalism. Is the website professional and credible? Does the consolidation service have a strong reputation in the industry?

3 Ways to Improve Your Credit Score in Less Than 5 Minutes #credit #report,credit #score,credit


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3 Ways to Improve Your Credit Score in Less Than 5 Minutes

If you are looking to buy a car, rent an apartment or take out a loan, you need to make sure that your credit score is at it’s best. While it takes seven years for most derogatory items on your credit report to be removed, there are a few things you can do to raise your credit score sooner.

Pay off your credit card balance

This is the easiest way to improve your credit score quickly. One of the major factors of your credit score is how you are using your credit. A big factor of that is your credit utilization ratio. This ratio compares your overall credit limit with the amount of credit you are currently using. Say you have an overall $10,000 credit limit and are carrying a balance of $5,000 total across your credit cards, then your credit utilization ratio would be 50 percent. Most credit experts advice to keep your credit utilization ratio below 30 percent, but if you can get it to zero, it will help dramatically raise your credit score.

If you can’t pay off your entire balance, even paying off a little can help. The lower your credit utilization ratio, the more available credit you have and the better you look to outside lenders. Even paying of 10 or 20 percent of your overall balance can help.

Get a new credit card

Taking out more credit may seem counter-intuitive, but adding to your overall credit limit will raise your credit utilization ratio. Here are the two ways that getting a new credit card can help raise your credit score:

Increase your credit limit: A new credit card will increase your overall credit limit, which in turn lowers your credit utilization ratio. The more credit that lenders approve you for, the more trustworthy you seem to other lenders. As a bonus, look for a credit card that has some great perks like cash back incentives, so you can earn money while you use it. Here is a good list of the best cards with great perks.

Transfer your balance: If you are carrying a balance on your credit cards, you can kill two birds with one stone. If you transfer your balance to a new balance transfer credit card, you can increase your overall credit limit while also being able to pay down your credit card balance. Even better, find a credit card that offers a 0% intro APR for up to 14 months so you will have time to pay down your balance without being charged extra interest on it. These are some good all-around credit cards with a 0% intro APR for balance transfers.

Fix errors on your credit report

If you have errors on your credit report, fixing them is an easy way to raise your credit score. Errors can include a credit lender reporting false late payments, accounts that reportedly went to collections even though you paid, or even accounts opened in your name without your knowledge.

First, you need to pull your credit report see if you have any errors. The government allows each person one free credit report each year from each of the three credit bureaus (Equifax, TransUnion and Experian). You can get these reports from annualcreditreport.com. Look over each credit report for any errors. Each credit bureau’s website includes instructions on how to file the paperwork to get an error fixed.

If you don’t want to go through the effort of fixing errors yourself, you can also hire a credit repair company to send fix requests on your behalf. Keep in mind that credit repair companies might try to convince you to try other ways to fix your credit, but you are paying by the month, so make sure they are focusing on your errors. Here are the two best credit repair companies compared side by side .

The Worst And Best States For Credit


Picking the best credit card depends on your lifestyle more than the interest rate #personal


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Picking the best credit card depends on your lifestyle more than the interest rate

The type of credit card you put in your wallet should say something about you. Your choice of plastic answers a financial question as well as a philosophical one.

Selecting the right card comes down to one truth: “Know thyself,” said Matt Schulz, senior industry analyst at CreditCards.com. “You should pick a credit card that fits your lifestyle.”

Unfortunately, too many people live lifestyles more lavish than they can afford. Outstanding credit-card debt topped $1 trillion at the end of last year. the highest level since the Great Recession.

Of course, you should know the annual percentage rate your card levies on balances. “But if you pay off your balance each month, the APR is meaningless,” Schulz said.

Check whether the card charges an annual fee and the terms and conditions of the offer before you apply. “You don’t want to let the rewards tail wag the debt dog,” said Reed Fraasa, a certified financial planner and managing director of Highland Financial Advisors in Wayne, New Jersey.

“If you pay off your balance each month, the APR is meaningless.” -Matt Schulz, senior industry analyst at CreditCards.com

Rewards cards, which dole out points when you make purchases at airlines, gas stations and restaurants, have a higher-than-average interest to compensate credit issuers for the additional perks. Keep in mind that the typical credit card charges 16.38 percent, according to Bankrate.com .

Here’s a scenario Fraasa uses to illustrate the financial risks: A major bank credit card pays a sign-up bonus of 50,000 points and bonus points for certain purchases. Assuming you charge $2,000 a month, you would receive about $850 in value within the year. However, if you missed two months of payments and carried $4,000 for 10 months, the card would charge more than $950 in interest and fees, eating up your gains from the points.

“We tell clients that you don’t put anything on your credit card you can’t pay off in three months,” Fraasa said.

NerdWallet s best travel credit cards of 2017

More people are using credit cards for small purchases. Seventeen percent of cardholders have used their cards to buy something that costs less than $5, up from 11 percent from last year, according to a recent survey from CreditCards.com of 1,001 adults in mid-March.

The rise in small transactions is tied to the use of rewards cards, Schulz said. He recommends that people with good credit. a score of 720 or above, should consider opening a rewards card when they make a major buy. On average, Americans make about five purchases of more than $500 each year.

“Cash back is the popular credit-card reward ,” said Schulz at CreditCards.com. “It’s also the simplest.”

With other perks, such as travel miles and retailer discounts, figure out if you will actually use them for your everyday purchases or if they will entice you to overspend.

“There is a psychology behind reward points,” said Fraasa of Highland Financial Advisors. “It’s like retailers who give out $10 coupons hoping you come to the shop and make $80 in impulse purchases.”

“On the Money” airs on CNBC Saturdays at 5:30 a.m. ET, or check listings for air times in local markets.

Tom Anderson Personal Finance Writer


Mississippi senior resources – Housing, finance, financial planning and Insurance pointers #senior #resource, #housing, #seniors,


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On this state page you will find resources, senior housing, and senior lifestyle opportunities. Such items address Seniors’ needs from Active Communities to Assisted Living along with Insurance, Medical and Financial Planning information.
We attempt to keep the state unique information current. To accomplish this we encourage individuals to become a state guru .

If you are aware of any changes that need to be made or might want to become a guru with its related rewards, please let us know via the email or address at the bottom of this page.

After Mom Moves

Are you trying to manage the resources from afar?

You may benefit from Seniors Real Estate Coordination

– Property preparation for sale – Estate clean out – No hassle transitions

– Communication with family professional advisors – Home sale and closing

To contact a Seniors Real Estate Professional click HERE

NO extra fees or obligation

Agencies on Aging

Div. of Aging and Adult Services
750 North State Street
Jackson, MS 39202
1.800.948.3090
601.359.4929

Alzheimer’s Communities Regulations

Alzheimer’s Unit Requirements set by
Department of Health, Health Facilities
Licensure and Certification Division
601.354.7300

Facilities are only permitted to house persons with up to stage I I Alzheimer’s disease.

Assisted Living Communities

Your retirement planning should be based on understanding the options associated with Assisted living. As part of a retirement plan these options combine housing, support services and health care, as needed. Assisted living is a retirement service for individuals who require assistance with everyday activities such as meals, medication management or assistance, bathing, dressing and transportation. Some residents may have memory disorders including Alzheimer’s, or they may need help with mobility, incontinence or other challenges of senior life. Residents are assessed to determine the level of service they may need. These retirement services generally include: 24/7 supervision, 3 meals a day, housekeeping, transportation, minor medical attention, personal care assistance, security and emergency call, exercise programs, social and educational activities. In addition some Assisted living communities may provide: gardens, libraries, and chapels.

Assisted living communities are operated by both profit and non-profit organizations. Pricing can range from $1000 to over $4,000 per month based on your location. There may be extra fees for special services.

Learn more about Assisted Living Communities here .

Assisted Living Regulations

Department of Health, Health Facilities
Licensure and Certification Division
601.354.7300

Personal Care Homes may provide assistance with activities of daily living that may extend beyond providing shelter, food, and laundry. Assistance my include but is not limited to: bathing, walking, toileting, feeding, personal grooming, dressing, and financial management. Facilities may provide assistance with the self-administration of medication. Persons admitted must be ambulatory.

Adult Day Hospice Care

Adult Day Care is a life senior service for frail, physically or cognitively impaired, seniors and their caregivers. Numerous stand alone adult day care facilities and adult day care centers are available in urban and suburban areas to provide elderly care. Check your state here. A large percentage of Adult Day Care Centers are operated on a nonprofit or public basis. Many centers are affiliated with multi-service entities such as home care, assisted living, nursing facilities and hospitals

Congregate, assisted living or nursing care communities may offer elderly care as an outpatient service to the neighboring population on a per day basis. Those that do, may also offer respite care for a weekend, or a week. Senior centers may also offer senior day care as one of their life senior services.

Learn more about Adult Day Care HERE

Senior Apartments

You may choose to spend your golden years in a community designed especially for mature adults. Senior living facilities come in many sizes and shapes. Senior apartments are one such chose. A Senior Apartment allows you to take advantage of many amenities and personalized services without having to maintain a house and yard.

Senior apartments should be a consideration for older adults that can take care of themselves. Aside from age-restrictions these apartments are usually developed the same as standard apartments. Some of these apartments are also equipped with items such as hand rails and pull cords to make getting around and living easier. Also these apartments provide a community of elderly neighbors without the hassles of a larger home to manage. Properties can vary in terms of services but typically offer apartment living and services designed specifically for independent active seniors 55 and older. Since many of these residences are designed for active seniors, most do not offer meal service, housekeeping or medical services. Senior apartment complexes are usually located near senior centers, parks, shopping malls, golf courses and public transportation. Some provide van services to nearby shopping and needed services.

Senior apartments can be found in many communities, some are under federal housing guidelines and will only accept low income seniors, but most are privately owned. Many of the privately owned properties offer reduced rents to low-income tenants with assistance from Dept. of Housing Urban Development (HUD). You should be aware that senior apartments usually have a captured audience with a significant waiting lists period. The following table provides a listing of senior apartments in your state; those that may have subsidized units are identified with an S in the right hand column

Health Insurance Counseling, Advocacy, and Medicare Help

Need help with the Medicare Maze?
Every state has a Health Insurance Counseling and Advocacy Program
to help understand Medicare coverage, payments and Medigap Insurance options.
Note: Toll free numbers often work only from within the state.
From out of state Use the other number, when provided.
1.800.963.5337
For more counseling information visit www.medicare.gov

Insurance: Automobile

Interested in Buying or Selling
a Home or Condo?

Aging in place is growing older without having to move. Aging in place with supportive services is one of the most desirable ways of aging. Aging in place can achieve efficiencies enabled by the customized care. Successful aging in place approaches focus on the provision of the most appropriate care for the specific individual. Thus avoiding wasted costs brought on by a generic care model.

An aging in place scenario, creates housing and health care options to provide support as defined by an individual s wishes and efforts to live independently. Aging in place can work best when it is employed as a part of a comprehensive plan for retirement and aging. A key step in implementing aging in place is to make your home aging friendly. As we age we don’t hear so well, we sometimes forget or get confused and we can even outlive doctor’s predictions about our longevity. So as long as we persist in growing older, why not arrange our homes to accommodate our reality. Incorporate memory triggers into the way we arrange cabinets and counters, add soft fabrics to muffle background noises, change appliances to better accommodate our short-comings.

Here is a book to help you make your homes senior-friendly.

Universal Design: A Step-by-Step Guide to Modifying Your Home for
Comfortable, Accessible Living

by Barbara Krueger and Nika Stewart is a good place to start.With the book as a guide you can plan ahead for years before you critically need the advantages offered by the ideas in the book.


Open Yale Courses #yale,open,courses,robert #j. #shiller,efficient #markets,behavioral #finance,risk #management,insurance,portfolio #diversification,real #estate #finance,carl #icahn,options #markets,stocks,banking


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Financial Markets (2008)

About the Course

Financial institutions are a pillar of civilized society, supporting people in their productive ventures and managing the economic risks they take on. The workings of these institutions are important to comprehend if we are to predict their actions today and their evolution in the coming information age. The course strives to offer understanding of the theory of finance and its relation to the history, strengths and imperfections of such institutions as banking, insurance, securities, futures, and other derivatives markets, and the future of these institutions over the next century.

Course Structure

This Yale College course, taught on campus twice per week for 75 minutes, was recorded for Open Yale Courses in Spring 2008.

Course Materials

Video and audio elements from this course are also available on:

About Professor Robert J. Shiller

Robert J. Shiller is Arthur M. Okun Professor of Economics at Yale University and a Fellow at the International Center for Finance at the Yale School of Management. Specializing in behavioral finance and real estate, Professor Shiller has published in Journal of Financial Economics. American Economic Review. Journal of Finance. Wall Street Journal. and Financial Times. His books include Market Volatility, Macro Markets (for which he won the TIAA-CREF’s Paul A. Samuelson Award), Irrational Exuberance. and The New Financial Order: Risk in the Twenty-First Century .

Syllabus

Professor

Robert J. Shiller, Arthur M. Okun Professor of Economics

Description

Financial institutions are a pillar of civilized society, supporting people in their productive ventures and managing the economic risks they take on. The workings of these institutions are important to comprehend if we are to predict their actions today and their evolution in the coming information age. The course strives to offer understanding of the theory of finance and its relation to the history, strengths and imperfections of such institutions as banking, insurance, securities, futures, and other derivatives markets, and the future of these institutions over the next century.

Texts

Brandeis, Louis D. Other People’s Money and How the Bankers Use It. Augustus M. Kelley Publishers, Reprints of Economic Classics. New York, 1971.

Brealey, Richard, Stuart C. Myers, and Franklin Allen. Principles of Corporate Finance. 8th edition. McGraw-Hill/Irwin, 2005.

Douglas, William O. Democracy and Finance. New Haven: Yale University Press, 1940.

Fabozzi, Frank J. Franco Modigliani, Frank J. Jones, and Michael G. Ferri. Foundations of Financial Markets and Institutions. 4th ed. Boston, Massachusetts: Prentice Hall, 2010.

Hawtrey, R. G. The Art of Central Banking. London: Longmans, Green and Co. 1932.

O’Barr, William M. and John M. Conley. Fortune Folly: The Wealth Power of Institutional Investing. Homewood, Illinois: Business-One Irwin, 1992.

Shiller, Robert J. Irrational Exuberance. 2nd edition. New York: Doubleday, 2006.

The New Financial Order: Risk in the 21st Century. Princeton: Princeton University Press, 2003.

Siegel, Jeremy J. Stocks for the Long Run. 4th edition, New York: McGraw-Hill, 2008.

Sullivan, Teresa, Elizabeth Warren and Jay Lawrence Westbrook. The Fragile Middle Class: Americans in Debt. New Haven: Yale University Press, 2000.

Swensen, David. Pioneering Portfolio Management. New York: Free Press, 2000.

Unger, Peter. Living High and Letting Die: Our Illusion of Innocence. New York: Oxford University Press, 1996.

Requirements

Some facility with elementary algebra and calculus required. Course exams consist of roughly 50% math and theory problems and 50% facts and general understanding questions about financial markets.

Grading

Midterm exam 1: 20%
Midterm exam 2: 30%
Problem sets: 10%
Final exam: 40%

Sessions

Please take a few minutes to share your thoughts about this course through the survey linked below. We also invite you to provide general feedback about Open Yale Courses by visiting the Feedback area of the site.

Join a Study Group

Through a pilot arrangement with Open Yale Courses, OpenStudy offers tools to participate in online study groups for a selection of Open Yale Courses, including ECON 252. If you wish to participate in one of these study groups, you will need to register for a free account with OpenStudy.

OpenStudy is not affiliated with Yale University. For more information regarding Open Yale Courses linking policy, please consult the Terms of Use .

Course Books and Other Related Titles

Yale University Press offers a 10% discount on the books used in ECON 252 that it publishes, as well as on other related titles. A portion of the proceeds from your purchases will be donated for the ongoing support and development of the Open Yale Courses program.


Commonwealth Bank cuts value of credit card reward points #banking #and #finance, #credit #cards, #frequent


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Commonwealth Bank cuts value of credit card reward points

Are rewards points worth it?

Commonwealth Bank customers will need to spend more on their credit cards in order to rack up frequent flyer points, after CBA became the latest bank to cut benefits available under a card loyalty scheme.

CBA, the country’s biggest credit card lender, this week made changes that will lower the rate at which customers with “diamond” and “black” cards can accrue frequent flyer points.

Under the changes, customers now need 2½ of the bank’s award points to get one frequent flyer point, whereas previously two awards points would earn them one frequent flyer point. The change only affects the frequent flyer program of Qantas, not Virgin Australia.

Comparison website Mozo pointed out this was a cut of 20 per cent in the “earn rate”. It said a CBA customer with a “diamond” awards card would now need to spend an extra $2286 on their credit card to get enough frequent flyer points for a flight from Sydney to Melbourne.

By its calculations, a customer would need to spend $11,429 to earn enough frequent flyer points for this flight, up from $9,143 previously.

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The Commonwealth Bank is the biggest credit card issuer in Australia, with a market share of 24.4 per cent, according to its latest financial results.

A CBA spokeswoman said the bank would to continue to review its “market competitive” credit card products, and customers could change how they chose to redeem their points.

“Commonwealth Bank provides market competitive credit card products, which we’ll continue to review to ensure we deliver compelling value propositions to our customers,” the spokeswoman said.

A Mozo survey last month found slightly less than half of all consumers had a rewards credit card, and 53 per cent of customers thought these cards represented poor value.

Clancy Yeates

India s per capita income rises to Rs 5, 729 per month #india #business #news,


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India’s per capita income rises to Rs 5,729 per month

India s per capita income, a gauge for measuring living standard, is estimated to have gone up 11.7% to Rs 5,729 per month in 2012-13 at current prices, compared with Rs 5,130 in the previous fiscal.

The estimated rate of growth in per capita income for the current fiscal, however, is lower than the previous fiscal when it grew by 13.7%.

The per capita income at current prices during 2012-13 is estimated to be Rs 68,747 as compared to Rs 61,564 during 2011-12, showing a rise of 11.7%, an official release by the Central Statistics Office (CSO) on Advance Estimate of National Income, 2012-13 showed today.

The per capita income in real terms (at 2004-05 constant prices) during 2012-13 is likely to attain a level of Rs 39,143 as compared to the First Revised Estimate for the year 2011-12 of Rs 38,037, it said.

The Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs 29.94 lakh crore in 2012-13 as against Rs 27.49 lakh crore in 2011-12, the release said.

However, at 2004-05 constant prices, the GFCF is estimated at Rs 19.44 lakh crore in the current fiscal as against Rs 18.97 lakh crore in the previous fiscal, it added.

The data also estimated an increase of 13.8% in the Government Final Consumption Expenditure (GFCE) to Rs 11.87 lakh crore at current prices for 2012-13 against Rs 10.43 lakh crore in 2011-12.

On Private Final Consumption Expenditure (PFCE) for the current fiscal, it has estimated an increase of 12.8% to Rs 57.06 lakh crore at current prices as against Rs 50.56 lakh crore in the previous fiscal.

These advance estimates are based on anticipated level of agricultural and industrial production, analysis of budget estimates of government expenditure and performance of key sectors like railways, transport other than railways, communication, banking and insurance, availbale so far, said the data.
These estimates have been compiled using the data on indicators available from the same sources as those used for compiling GDP estimates by economic activity, detailed data available on merchandise trade in respect of imports and exports, balance of payments, and monthly accounts of central government, it added further.


Finance vs Accounting – Which is Better? (Top Differences) #finance #vs #accounting


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Finance vs Accounting Which is Better? (Top Differences)

Finance vs Marketing Which is Better? Many students think that finance and accounting stem from the same domain of expertise. But ask an accountant or a finance guy who has been working in a corporate for a long time, they would tell you how different they are in their nature, scope of work and areas of expertise.

In this article, we will look at both of these domains and investigate how different they are. Yes, they’re related. And to be good in finance, you need to know the basic accounting. But that doesn’t mean both are the same things.

We discuss the following in this indepth article

NOTE If you want to learn Investment Banking Skills Professionally, then you may consider this 99 courses bundle Investment Banking Training Program for just $99 with Lifetime Access, 500+ hours of video tutorials

We will give you examples and share some facts about both of these. Hang tight and read on. Let’s get started.

Finance vs Accounting Overview

Finance is the science of planning the distribution of assets within the company.

Accounting, on the other hand is the art of summarizing,
reporting and recording the finance-related transactions

Forensic Accounting. Management Accounting, Public Accounting, financial accounting, Auditing, Government Accounting

Bachelor in finance, accountancy, economics or mathematics; MBA,
CFA, FRM, PRM. CFP and more

Blackstone ,
Goldman Sachs Co
Morgan Stanley
Bank of America Merrill Lynch
Credit Suisse
Citibank
Deutsche Bank
HSBC
UBS
J.P.Morgan Chase Co

PwC (PricewaterhouseCoopers) LLP
Deloitte LLP
Ernst Young LLP(EY)
KPMG LLP
Grant Thornton LLP
BDO USA LLP
Crowe Horwath LLP
RSM US LLP
Moss Adams LLP
Baker Tilly Virchow Krause, LLP

Depends on which sub domain in Finance you are working for. Investment Banking its brutal! Equity Research is still OK. Buy Side Analyst have a balance work life.
Depending on the area, you may have to work for 10-18 hours a day

Balanced Much better than the Financial Analysts. Work is not urgent all time of the year.

Mostly they are not required to travel much. You can safely assume that 90% of the time is spent in Office.

Not much of travel is required by economists