Financial Exchange Blog

Barry Armstrong has more than 25 years of experience in the financial services industry and hosts WRKO's Financial Exchange program every weekday from 10 a.m. to noon. Barry also works with the independent financial professionals at Armstrong Advisory Group, which he founded himself, to serve individual investors and small businesses in New England. For the most up to date information on The Financial Exchange, as well as industry news and info, follow Barry on Twitter @BarryGArmstrong.

11/19/2012 - 5:12pm
By: Armstrong Advisory Group
How the 'fiscal cliff' will impact your dividend paying stocks

As the end of the year nears, investors remain jittery over the “fiscal cliff.” This is the $607 billion expiration of a combination of tax cuts and the beginning of a large amount of automatic spending cuts that is set to occur on January 1 unless Congress and the White House reach an agreement. Many analysts point to nervousness over the fiscal cliff as the reason why the stock market dropped last week by the most in one week since June. The taxes that would most directly affect investors are the potential increases on taxes for dividends...

11/09/2012 - 11:22am
By: Armstrong Advisory Group
How can gifting help you avoid estate taxes?

On December 17, 2010, President Obama signed the Tax Relief, Unemployment Insurance Authorization and Jobs Creation Act of 2010, known as the “2010 Act.”  The 2010 Act increased and extended the federal estate and GST tax exemptions for two years, 2011 and 2012, and for the first time increased the federal gift tax exemption to $5,000,000 per person.  The gift estate tax exemptions were indexed for inflation so that, in 2012, the exemption is $5,120,000 per person.

  • Prior to the year 2010 the gift tax exemption was stuck at $1,000,000 while the estate tax exemption was increasing. This was designed to...
10/26/2012 - 11:31am
By: Armstrong Advisory Group
Should the Fed Raise the Federal Funds Rate?

• In May, well-known hedge fund manager David Einhorn wrote an article in the Huffington Post entitled "The Fed's Jelly Donut Policy." In the article he compared the Federal Reserve's easy monetary policy to eating jelly donuts: at first the donuts taste good but the more a person eats the worse he or she feels. His point was that too much of a good thing can be harmful.i Traditional economic theory states that an increase in the money supply causes an increase in aggregate demand because consumers feel wealthier since they have more money but prices have remained the same (again...