Due to the tax cuts of the past few years it is important that individuals take a hard look at the tax implications of their portfolios. Certain assets that were prudent to hold in taxable and taxdeferred accounts need to be rebalanced based on the rule changes. For example: tax rates on qualified dividends and […]
After plenty of new tax legislation in 2001 and 2003, Congress has not enacted any major new tax changes for 2005. What we have left for this year is essentially leftover legislation that will continue to be phased in until 2010. The leftovers include the rollout of the Roth 401K discussed earlier and these other […]
On October 22, 2004, President Bush signed the American Jobs Creation Act of 2004 (AJCA). The AJCA has allowed for some beneficial changes for both business and personal filers. Unfortunately many of our new clients are completely unaware and unprepared for the new deductions. Don’t worry it isn’t too late yet! Manufacturing Deduction THE AJCA […]
Starting next year, workers may have access to a new 401K savings option which is directed at decreasing their tax burden in retirement. Highly paid individuals are most likely to see the greatest benefit from the new Roth 401K. The Roth 401K combines elements of the standard 401K, which is often invested in mutual funds, […]
Sisyphus was the founder and king of Corinth. He was known as being a very crafty fellow throughout his life but he saved his greatest triumph for last. When the god Hades came to claim him personally for the kingdom of the dead he brought a pair of handcuffs with him which at the time […]
Most journalists have been trained in the ancient art of never allowing the facts to get in the way of a good story. Their Jedi-Knight mind tricks are used strategically to keep up that great conspiracy to keep the public poor and stupid. We are preached to by the mighty teleprompter readers, their puppeteers and […]
Morgan Stanley under their new Czar John Mack announced that it will be slashing 10% of its lowest producing brokers from its force of about 10,000. Morgan Stanley stated that it has been struggling to increase the size and productivity of its brokerage force and has decided to enforce the less is more principle and […]
Good-bye old and stodgy, hello colorful and fabulous. American Express Financial Advisors and Credit Suisse First Boston are undertaking extreme makeovers that would make the “Queer Eye for the Straight Guy” gang squeal and lisp with pride. In an effort to remake themselves to the general public after a series of scandals including, but not […]
The events surrounding hurricane Katrina has once again brought the pundits and race baiters out from underneath their rocks. I have discussed all the lies and other adjunct nonsense that has surrounded this media orgy on the radio show over the past month and have had enough. One of the producers of my radio show […]
Getting investors to face the music is not always an easy thing to do. Trying to get investors to smarten up and sell losing positions can often become an exercise in futility for the gang at Markowski Investments. I hope some of the following information will wake some of our readers up who are either […]