Despite Endowment, Challenges Abound
At first glance, Dartmouth-Hitchcock, a medical system with net assets of $410 million at the end of last fiscal year, seems an unlikely cavalry to be riding to the financial rescue of a medical school whose parent — Dartmouth College, please don’t call it a university — finished the year with net assets of $5.33 billion. But such simple comparisons don’t provide especially useful benchmarks to outside observers as they watch the...
Money Talk:
Question: I have savings bonds that have achieved full face value. What should I do? Keep them indefinitely or cash them in to fund my Roth account or what? Am I correct that once they have matured, there’s no more money to be made off them? Answer: You are correct. Once savings bonds have matured and stopped earning interest, they should be redeemed and the money put to work elsewhere. EE, H and I bonds mature in 30 years, while HH...
Seldon Technologies Headed to Auction
Windsor — In a move that likely signals a fire sale, the assets and patents of water filtration company Seldon Technologies are slated to be auctioned off next week, a deflating end for the startup that said it had achieved a technological breakthrough for making contaminated water fit to drink. Seldon’s majority shareholder, South Africa-based EcoNet Wireless, has hired Willisiton, Vt., auctioneer Thomas Hirchak Co. to solicit sealed...
Investors Grapple With Question: When to Spend Savings?
Pittsburgh — After working hard at a job or business for decades — scrimping and saving for the better part of a lifetime — many people wrestle with the question of when to spend the money they’ve accumulated. “I often mention to our clients that I have yet to see a Brinks truck full of money following a hearse at a funeral procession,” said Curt Knotick, a financial adviser and owner of Accurate Solutions Group in Butler, about 35...
Financial Advisers Don’t Care About Millennials, and Vice Versa
The investment industry has an age discrimination problem, and millennials and Generation X are bearing the brunt of it. Only 30 percent of financial advisers are actively looking for clients under age 40, according to a survey of 500 advisers by the research firm Corporate Insight. Advisers prefer older clients for a simple reason: Most advisers get paid based on a percentage of the assets they manage. And typical households in their...
