Bolstered by the testimony of David Walker, Lawrence Kotlikoff and others, I have long maintained that the United States is on an avoidable path to fiscal insolvency. Every year that goes by where Social Security and Medicare aren’t reduced by 1/3 makes the reality of higher taxes down t...
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Bob Ritter, the owner and founder of Insmark, Inc., wrote a recent blog entry in which he discusses a Forbes.com article about the most recent studies on the true cost of owning a mutual fund. According to the article, the total all-in yearly expense for the average mutual...
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Yesterday I had the opportunity to address about 100 CPA’s at their annual symposium. As I led them through my presentation, a couple of things really stood out. First, when I asked how many of them thought that tax rates were going up, nearly all of them raised their hands. ...
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Clients ask us this question all the time. This article on Ed Slott’s website gives us the answer and goes further by explaining income thresholds for Roth IRAs (single, married, and married filing separately–this one may surprise you) as well as the deductibility of Traditional IR...
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In Dave Ramsey’s most recent article, he makes the case that life insurance is a lousy way for a mother to leave money to her children. The case in point is a debt-free 71 year old mother who is paying $600 per month into a life insurance policy for the purpose of creating an estate...
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