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January 2011
Frye Financial: New Year, New Look | |
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Frye Financial Center is pleased to present our very first edition of our new blog style monthly newsletter. It will include timely financial and lifestyle tidbits we believe are of interest and/or benefit to you. Of course from time to time, when the inspiration strikes, I will be writing one of the longer pieces you are all accustomed to. As always, I look forward to your feedback.
-- Austin A. Frye
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Rent, Don't Buy-Part III | |
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Since 2005, I have been chronicling the travels of my daughter and son- in-law as they moved from Florida to Colorado to North Carolina. In each installment, I have opined about the real estate market and whether they should buy or rent.
In 2005, I strongly recommended against buying a condo in Denver (contrary to most experts at the time), explaining that I felt the real estate market was over-priced. The advice turned out to be right on the mark. In 2008, I recommended they rent a home in Durham, NC rather than buy one (advice not followed). Now, I am thrilled to report they will be putting the NC home up for sale and looking for a home with their 2 children in South Florida.
 | | Our baby Canes are now toddler Canes! |
So what is my recommendation now? Hint: My wife and I have assumed the role of scout team and we have already visited 3 foreclosed homes in north Dade. ...More on this in the coming months..
A recent study by Moody's offers an interesting take on the question: Rent vs. own ratio to flip in 2011?
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| 5 Scams to Avoid in the New Year | |
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Have you received the email from the Nigerian businessman lately? I have.
The fact that the grifters behind this con are still at it, indicates sadly, that there still are unsuspecting Americans falling prey to such scams.
Throughout the year, I find myself dissuading clients from various schemes that all have one thing in common. They seem too good to be true and they are!
Here are 5 of the most widespread cons to watch out for:
5 Scams to Avoid in the New Year
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Today's Celebrity Lesson:
Regarding Elizabeth Edward's Cutting John Out of Her Will... | |
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For any of you out there hoping to get the final "last word" by cutting your spouse out of your will, you're out of luck. Spouses can not exact that type of posthumous revenge in our state.
Under Florida law spouses are entitled to claim a 30% share of the estate.
Elizabeth Edward's will leaves everything to children
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What You May Not Know...
About the Recent Tax Compromise Bill | |
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The extension of the Bush tax cuts for all income groups is not all that is contained in the new tax law. Among other things, there are important changes in the areas of estate planning and depreciation for business capitol investing that you should all be aware of as well.
Here is an excellent summary of the specifics:
http://www.fryefinancial.com/pdf/2010-Tax-Compromise.pdf
If you have any questions or would like to review how these changes affect your own planning, please give us a call.
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