November 4, 2015 David McKnight
Visualizing Our National Debt (video)

Ever wonder what our national debt would look like when stacked up as $100 bills?  This video is eye opening because the narrator discusses not only our national debt, but the unfunded obligations for Social Security, Medicare, and Medicaid, which total well over $100 trillion.  How can th...

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October 6, 2015 David McKnight
Do Roth Conversions Satisfy Required Minimum Distributions?

When advisors assist their clients in repositioning their assets from tax-deferred to tax-free, the following question sometimes arises:  If my client does a Roth Conversion, does that count towards the Required Minimum Distribution?  The short answer is no. Let me illustrate with an ex...

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September 22, 2015 David McKnight
Illinois a Microcosm for What’s to Come in the U.S.

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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May 13, 2015 David McKnight
The Real Cost of Owning a Mutual Fund

Bob Ritter, the owner and founder of Insmark, Inc., wrote a recent blog entry in which he discusses a 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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November 18, 2014 David McKnight
Tales from a CPA Conference

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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