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