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Friday Financial Five – February 14th, 2014

Friday, February 14, 2014

 

Another delay in the Affordable Care Act mandate

The U.S. Treasury Department released final regulations for the Affordable Care Act (ACA) and they contain another delay in required implementation for businesses with 50 to 99 employees. One would think that businesses could comply by the beginning of 2015 given over a year to prepare. That leads to speculation that the actual implementation is either more expensive or more detrimental to business practices than originally projected. The Treasury estimates that this will affect roughly two percent of businesses in the U.S.

Increased scrutiny of 401(k) rollovers

There will be special attention paid to advice ex-employees or retiring workers receive regarding their 401(k) plans. After leaving a job, an ex-employee can leave the money in the former employer’s plan or move the money to an IRA Rollover. The variables of that decision and the advice of investment advisers will come under more scrutiny by federal regulators. For example, if the old 401(k) has numerous low cost investment options and an advisor is suggesting the money be moved to a variable annuity within an IRA, there will have to be documentation that this transition best benefits the client.

Hedge funds trail again in 2013

Last year, the Bloomberg Hedge Fund Aggregate Index again trailed the S&P 500 by a wide margin. In returning only 7.4% for 2013, this index even greatly underperformed a traditional balanced allocation of equities and fixed income holdings. For hedge funds, there certainly was a benefit provided by restricting losses in 2008, but recent evidence to justify large management fees continues to be sparse.

The return of Fantex

After an uneventful initial attempt to connect athlete brands and investment markets using Arian Foster, Fantex (https://fantex.com/ ) recently paid San Francisco 49er Vernon Davis $4 million for a piece of his marketability. This will be a true test of this investment premise, as Davis is in line for a new contract and has various outside business interests. It’s a truly speculative premise, with success seemingly dependent on Davis transitioning to a successful post-playing career. The company’s site currently prices a share at $10 with just over 400,000 shares being offered.

Valentine’s Day and the economy

Today is Valentine’s Day, and the prevailing wisdom is that there’s an economic bump due to increased spending in an attempt to impress loved ones with candy, flowers, or tickets to a Brown basketball game. The fact that it’s on a Friday would only seem to bolster this theory. However, the National Retail Federation expects sales for this day to come in $1 billion less than 2013. Per person spending is expected to increase, but a dramatic drop in the number of people celebrating the holiday is expected to account for decreased spending.

Dan Forbes is a regular contributor on financial issues. He is a CFP Board Ambassador. He leads the firm Forbes Financial Planning, Inc in Providence, RI and can be reached at [email protected] .

 

Related Slideshow: Central Massachusetts Migration Totals

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13. Hampshire County

Migration Totals

Net Migration: -165
Outbound Migration: 772
Inbound Migration: 607

Net Migration by Education

Bachelor's Degree: 46
Graduate or Professional Degree: -3

Net Migration by Income

Household Income ($150,000 or more): 54
Individual Income ($75,000 or more): 5

For more migration pattern details, click here.

Prev Next

11. Norfolk County (Tie)

Migration Totals

Net Migration: -121
Outbound Migration: 1,636
Inbound Migration: 1,515

Net Migration by Education

Bachelor's Degree: 75
Graduate or Professional Degree: -28

Net Migration by Income

Household Income ($150,000 or more): -51
Individual Income ($75,000 or more): -44

For more migration pattern details, click here.

Prev Next

11. Franklin County (Tie)

Migration Totals

Net Migration: -121
Outbound Migration: 701
Inbound Migration: 580

Net Migration by Education

Bachelor's Degree: -30
Graduate or Professional Degree: 22

Net Migration by Income

Household Income ($150,000 or more): 4
Individual Income ($75,000 or more): -21

For more migration pattern details, click here.

Prev Next

10. Barnstable County

Migration Totals

Net Migration: 8
Outbound Migration: 250
Inbound Migration: 258

Net Migration by Education

Bachelor's Degree: -47
Graduate or Professional Degree: -25

Net Migration by Income

Household Income ($150,000 or more): -3
Individual Income ($75,000 or more): 22

For more migration pattern details,
click here.

Prev Next

9. Nantucket County

Migration Totals

Net Migration: 20
Outbound Migration: 0
Inbound Migration: 20

Net Migration by Education

Bachelor's Degree: N/A
Graduate or Professional Degree: N/A

Net Migration by Income

Household Income ($150,000 or more): N/A
Individual Income ($75,000 or more): N/A

For more migration pattern details, click here.

Prev Next

8. Dukes County

Migration Totals

Net Migration: 36
Outbound Migration: 45
Inbound Migration: 81

Net Migration by Education

Bachelor's Degree: N/A
Graduate or Professional Degree: N/A

Net Migration by Income

Household Income ($150,000 or more): N/A
Individual Income ($75,000 or more): N/A

For more migration pattern details, click here.

Prev Next

7. Suffolk County

Migration Totals

Net Migration: 165
Outbound Migration: 1,407
Inbound Migration: 1,242

Net Migration by Education

Bachelor's Degree: 143
Graduate or Professional Degree: 106

Net Migration by Income

Household Income ($150,000 or more): 105
Individual Income ($75,000 or more): 98

For more migration pattern details, click here.

Prev Next

6. Bristol County

Migration Totals

Net Migration: 197
Outbound Migration: 567
Inbound Migration: 764

Net Migration by Education

Bachelor's Degree: 139
Graduate or Professional Degree: 7

Net Migration by Income

Household Income ($150,000 or more): 40
Individual Income ($75,000 or more): 21

For more migration pattern details, click here.

Prev Next

5. Berkshire County

Migration Totals

Net Migration: 207
Outbound Migration: 71
Inbound Migration: 278

Net Migration by Education

Bachelor's Degree: -33
Graduate or Professional Degree: -11

Net Migration by Income

Household Income ($150,000 or more): 0
Individual Income ($75,000 or more): -14

For more migration pattern details, click here.

Prev Next

4. Hampden County

Migration Totals

Net Migration: 213
Outbound Migration: 1,005
Inbound Migration: 1,218

Net Migration by Education

Bachelor's Degree: 99
Graduate or Professional Degree: -3

Net Migration by Income

Household Income ($150,000 or more): 64
Individual Income ($75,000 or more): 29

For more migration pattern details, click here.

Prev Next

3. Essex County

Migration Totals

Net Migration: 360
Outbound Migration: 479
Inbound Migration: 839

Net Migration by Education

Bachelor's Degree: 112
Graduate or Professional Degree: 65

Net Migration by Income

Household Income ($150,000 or more): 115
Individual Income ($75,000 or more): 55

For more migration pattern details, click here.

Prev Next

2. Plymouth County

Migration Totals

Net Migration: 377
Outbound Migration: 554
Inbound Migration: 931

Net Migration by Education

Bachelor's Degree: 116
Graduate or Professional Degree: 6

Net Migration by Income

Household Income ($150,000 or more): 1
Individual Income ($75,000 or more): -23

For more migration pattern details, click here.

Prev Next

1. Middlesex County

Migration Totals

Net Migration: 1,863
Outbound Migration: 4,451
Inbound Migration: 6,314

Net Migration by Education

Bachelor's Degree: 280
Graduate or Professional Degree: 258

Net Migration by Income

Household Income ($150,000 or more): 344
Individual Income ($75,000 or more): 129

For more migration pattern details, click here.

Prev Next

Worcester County Totals

Migration Totals

Net Migration: 2,709
Outbound Migration: 11,938
Inbound Migration: 14,647

Net Migration by Education

Bachelor's Degree: 900
Graduate or Professional Degree: 394

Net Migration by Income

Household Income ($150,000 or more): 673
Individual Income ($75,000 or more): 257

For more migration pattern details, click here.

 
 

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