The Week in Review from Valeo Financial Advisors (January 11, 2013)
Financial Planning
- Purge or Keep: How to Determine Record Retention Periods Valeo Financial Advisors
- High net worth Americans expect their heirs to make their own way in life Financial Planning
- IRS increases exemption from estate tax to $5.25 million Bloomberg
Debts and Deficits
- Imagine the federal government taking in a $1 bill from receipts; how has that $1 been spent in each of the past 50 years? Valeo Financial Advisors
- When is the first date that the Treasury won’t have cash to fully pay all of its bills? BPC
California
- For the first time since 2007 short sales in California surpass sales of foreclosed homes L.A. Times
Japan
- Japan Approves $117 Billion Economic Stimulus Package CNBC
Miscellaneous
- Does the type of high school affect future income? Chart: Relative Income Based on School Characteristics Full Paper: Federal Reserve Bank of St. Louis