My daughter is afraid of bears. I am still trying to figure out where it comes from because she is downright terrified of them. Even songs that mention the word bear get her nervous. I have tried in earnest to explain that bears don’t live in Florida and that she has no need to worry. […]
People need to be aware that there is steep tax liabilities associated with taking money out of your retirement accounts. The majority of the people that take distributions from their retirement accounts could have avoided these additional liabilities if they only asked before acting. We all know that there are circumstances that are beyond our […]
The most powerful committee in the House of Representatives is Ways and Means. Members of the caucus wield the most powerful instrument in the United States, the tax code. This past month Chairman Charles Rangel outlined what is being dubbed in many outlets as the “Mother of All Tax Hikes.” This is the largest individual […]
Do you want to know some interesting facts about market corrections and storms…? Especially this most recent one! 1. There has never been a correction in the overall market that has not proven to be an investment opportunity. 2. When positions are down in price, it can be difficult or painful to watch. However, if […]
AUGUST 2007 I don’t like being redundant: but I think it is a good time for a little reminder regarding some actions that need to be taking place in one’s portfolio in order to be successful. ASSET ALLOCATION Based on the ground-breaking 1986 study by Brinson, Hood and Beebower, more than 93% of long-term institutional […]
In another, “See I told you so moment”, Sara Hoffman, of Investment News, is reporting thatmajor losses at many prominent hedge funds are finally causing pension fund managers to second guess hedge fund investments. The Wall Street Journal reported that hedge funds managed by Goldman Sachs Group Inc. and AQR Capital Management, among others, have […]
The pundits argue that we are a nation divided. Presidential candidate John “never met a doctor I didn’t want to sue” Edwards preaches the gospel of two Americas. I am going to surprise everyone reading this and agree. We are a nation divided into two distinct camps… People who loved the ending of the Sopranos, […]
Break out the party hats and noisemakers! The Dow has hit 14,000. At the July 19th close, Maria Bartoromo of CNBC looked as if she just received a 500% raise, stock options, a G5 and Marty McFly’s DeLorean time machine to take her back to “go-go 90’s”. When it looked as if the milestone wasn’t […]
One bit of advice that I have given on the radio show that tends to raise eyebrows is my belief that you should try to eliminate your home as a retirement vehicle. There is an urban myth out there that money spent, or as some state to justify their actions, “invest” on ones primary residence […]
Eerily reminiscent of the impossible to kill serial slasher Jason Voorhees from the Friday the 13th’ film series…Random tax audits are coming back this fall, just in time for Halloween. Trick or treat! Like the indiscriminate slasher Jason, The Wall Street Journal reports that the Internal Revenue Service is planning to resuscitate the morbid practice […]