Category: Retirement Planning

How Does the Economy Affect Investments? This Compass Shows You

    In today’s economy, it can be difficult to know what investments are most favored or held back by economic conditions. One effective solution is to classify investment vehicles according to how they perform when the economy is changing in a particular way. The diagram above is shaped like a compass. It’s a simple scheme […]

Where is the Stock Market Panic Now?

It occurred to me this week that I had not heard much about the stock market since it started going south in January.  So I perused the Internet and came across some interesting article headlines from times past: “Dow Falls Below 8,000: First Time Since ’03” (ABC News, Nov. 19, 2008) “Wall Street Cheers as […]

Politics and Investment Options Don’t Mix

In the midst of rightly placed concerns over proposed new Department of Labor (DOL) fiduciary rules for brokers, the DOL has also issued a new interpretive bulletin designed to politicize investment choices.  How so?  As Andy Kessler writes in the Wall Street Journal, a previous 2008 Interpretive Bulletin issued by the DOL encouraged pension fund […]

NCPA’s New DCGE Tax Model

In case you missed it yesterday, we here at NCPA are pleased to announce that we now have a tax model to – well – model taxes!  Developed by Beacon Hill Institute, the dynamic computable general equilibrium (DCGE) model, will measure the impact of tax changes on economic variables such as capital stock, employment and wages. […]

Trade Adjustment Assistance is a Small Price To Pay For the Benefits of Trade Deals

Next week, the Senate will vote on Trade Promotion Authority (TPA), a measure that gives the President trade negotiating power that is necessary to wrap up the Trans-Pacific Trade Partnership (TPP), a 12 country Pacific Rim deal, and possibly a later deal with European nations.  To garner the votes needed to pass the TPA measure […]

Real “Middle Class Economics”

Despite President Obama’s calls for federal tax hikes for the rich (which do little to help the middle class), states are taking another path. Stephen Moore in the Wall Street Journal reports that twenty state governors are planning their own state tax relief initiatives, including a few who wish to eliminate their state’s income tax altogether, […]

The High Marginal Cost of the Social Security Benefits Tax

In yesterday’s Dallas Morning News, financial columnist Scott Burns discussed the hard-hitting Social Security benefits tax.  Using Turbo-Tax, he demonstrates how middle-income seniors (those earning $41,343 to $77,343) are hit by the tax.  Since the income thresholds are not adjusted for inflation, but Social Security benefits are, more seniors will have pay the tax as […]

Seniors Are in Debt, But Not as Bad Off as They Could Be

Two year ago, I produced a piece on how baby boomers spend their money.  I wanted to find out why many of them were not nearly prepared for retirement.   This time around, I wanted to find out how senior citizens were spending their money.  A lot has changed compared to the same age group just 20 years ago: Today’s seniors (age […]

Retiring Soon? Pay off the House First

In 2011, the first of some 78 million baby boomers began retirement.  By the year 2031, the last year of the boomer generation will reach their full retirement age (67).  Many will consider moving to a less costly, low-tax state in an effort to reduce their living expenses.  However, more than half of those on […]

Major Tax Savings That May Not Be Around Next Year

There are several tax cuts that are set to expire at the end of the year.  While it is not yet known whether they will be extended into tax year 2014 (and it may be months before we know for sure), now is the time to assume their demise and take advantage of them this year.  […]