There is no reason. There is no logic. How can we even be contemplating a government takeover of 1/6th of our nation’s economy when every other program they run (Social Security, Medicare, Medicaid) is going bankrupt to the tune of trillions of dollars? I have repeatedly warned anyone under the age of 50 to plan […]
After the aftermath of the past two years (Lehman, Wachovia, GM and Washington Mutual) a question and problem we have to deal with from many of our new clients coming on board is, “What do I do with stock that is worth zero?” The strategy is to claim a capital loss deduction for worthless stock […]
“It makes U.S. jobs more expensive. We’re better off taking lots of people and moving them out of the U.S.” Steve Ballmer CEO Microsoft The current administration wants to end deferral of multinational taxation. Currently the U.S. has the second highest corporate tax rate in the world, next to Japan, among industrialized nations. This creates […]
The IRS could help taxpayers reduce errors by clarifying instructions and improving the layout of Form 1040, stated a Treasury Department report released in June. The report found that more than 2.3 million of the 7 million math errors taxpayers make each year in IRS filings could have resulted from unclear or inadequate forms. An […]
I got an email from one of our listeners recently that had me in stitches. This listener took me to task for repeatedly stating that our current crop of politicians “Spend like drunken sailors.” This email stated, “You have to stop disparaging drunken sailors!” Her point was that it was completely an unfair thing to […]
The 800 pound gorilla in the room just put on some serious weight. The financial health of Social Security and Medicare has gotten much worse, with Medicare paying out more than it receives. Trustees of the program stated that Social Security will start paying out more in benefits than it collects in taxes 2016, one […]
I am used to taking irrational and mean-spirited barbs from crooked stock brokers and other thieves that happen to find their way into my crosshairs. However, the poisoned-tipped arrows that everyone and anyone involved with the April 15th TEA Parties (Taxed enough Already) have taken are borderline insane. A quick example of the unhinged would […]
President Barack Obama’s former Commerce Secretary nominee and United States Senator Judd Gregg made this amazing point… “We won’t even be able to get into the EU, if we wanted to, because our government is so large and so huge. We’ve been lectured by France on the fact that we’re not fiscally responsible right now.” […]
In the aftermath of the credit crunch, widely publicized ponzi-schemes, and regulatory failures, there is a battle taking place that will hopefully put in motion some important steps in providing investors with unbiased advice they need. The power struggle taking place right now in Washington is between stockbrokers and insurance agents that work for the […]
These extraordinarily difficult markets have brought out from underneath the rocks, a bevy of unscrupulous insurance/annuity salesmen selling products that are nothing more than Trojan horses. I spend a large amount of time in my car and listen to hefty doses of AM radio; and I am very concerned with the volume of advertisements from […]
