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Archive for June, 2013

Peter Lyons: Resurgent US economy will bring pain for us all

Posted by Jorja Marion On Jan - 29 - 2019

The old adage, “When the United States sneezes, the rest of the world catches a cold” still applies. The United States is the largest economy in the world by a country mile. Ben Bernanke, the governor of the US Federal Reserve, recently mentioned the possibility of reducing its policy of quantitative easing. Financial markets around the world started having fits. New Zealand’s sharemarket slumped and the value of our currency fell against the US dollar.

Novice investors in Mighty River have been left puzzled about why their share price has dropped because there has been no bad news about the stock since its float. Decisions made by officials in foreign countries can quickly impact on financial markets far afield at the click of millions of computer mice.

The US economy has been in the doldrums since the global financial crisis.

Vision 2020 initiative launched

Posted by Levi Dynon On Jan - 27 - 2019

Island’s economic future to be mapped out

‘Vision 2020’, an important new initiative in Government’s strategy for building the economy, will help shape the Isle of Man’s future, according to Chief Minister Allan Bell.

“The Isle of Man operates in a fast-moving, competitive global environment. It is vit

Age Partnership offering up to £2100 equity release cash bonuses

Posted by Levi Dynon On Jan - 23 - 2019

Thousands of people are already enjoying the benefits of having released funds from the value of their properties, and now, you could get up to £2100 cash back!

Age Partnership are offering exclusive equity release plans, with some of the biggest cash backs seen on the market, meaning there is no time better than the present to release equity from your home.

So, if you’re a homeowner and over 55 years of age, an equity release plan from Age Partnership could allow you the financial freedom you’re looking for.

At Age partnership, it is our responsibility to provide expert and impartial advice to all of our clients.

To understand the features and risks of an Equity Release plan, please ask for a personalised illustration.

Plans are subject to availability and lending criteria.

All information correct at time of publish on 4th September 2012.

Mortgage Rates Spike as Economy Heats Up; Will They Rise Higher?

Posted by Jesse Shand On Jan - 22 - 2019

Mortgage rates have spiked considerably over the past four weeks as a slew of positive economic data has hinted that the economy may be picking up steam. While Fed Chairman Ben Bernanke indicated on Wednesday that the Fed may eventually scale back its bond buying program, this is not the only impetus to the spike in interest rates. Mortgage rates had been rising considerably even before the Fed Chairman’s speech. The speech simply provided more evidence that the economy is mending and that the free money era of the last five years may be closer to ending than many expected or wanted.

The chart below shows that 30 year mortgage rates bottomed in December of 2012, while 15 year rates hit their low in February. 5

5 steps when Uncle Sam takes a bigger tax bite

Posted by Jorja Marion On Jan - 22 - 2019

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Make up for the payroll tax hike

Does it seem like you’re bringing home less money than you used to? Chances are, you are. With the payroll tax increases that went into effect in January, the paycheck of every working American is a little less than it was last year.

According to the Tax Policy Center, a worker earning a $40,000 median wage will take home $800 less this year than in 2012, a 2.3 percent reduction. A single high earner making $120,000 will see his or her payroll tax bill jump more than $2,400, a 2.5 percent cut in take-home pay. That amount could move even higher because there’s an extra 0.9 percent payroll tax for the highest earners, due to the Affordable Care Act.

How are Americans making up for the money they’re not getting each month?

Tags: Tax, Tax Bite