Tag: "IRA"

The United States of Cyprus: Will American Retirement Accounts be Raided?

As I skimmed through a copy of the president’s 2014 budget, which by the way, is chock full of fluffy spending at the expense of the taxpayer, I caught site of an interesting proposal regarding retirement accounts.   Let me back up a bit and rephrase myself — I caught sight of a “hair-brained scheme” that [...]

Nervously Holding Bonds

The stock market is getting a bad reputation these days. It waxes and wanes hour by hour depending on everything from who is elected president to the future of twinkies and cupcakes. Never mind that in the grand scheme of things, individual stock returns are really based on corporate earnings, and never mind that historically [...]

Is the Path to Retirement Just Pure Luck? (Part II)

Last week I highlighted some fairly positive news from a recent Wells Fargo/Gallup survey even though the media headlines appeared otherwise. Despite low interest rates on investments, more people than not are confident they will be able to buy cialis retire when they plan to. And the majority of current retirees are confident they will [...]

Is the Path to Retirement Just Pure Luck? (Part I)

No. Last month, Wells Fargo and Gallup released a poll on household investors’ opinions. Wells Fargo’s media release headline reads: “Low Rates Force One in Three Investors to Delay Retirement.” The Los Angeles Times reads, “Low Interest Rates are Hampering Retirement Plans.” Whenever I see these kinds of headlines, I like to get to heart [...]

Don't Treat the I.R.S. Like a Savings Account

Picture this buy viagra in uk scenario: Suppose you are a habitual spendthrift and have great difficulty putting money aside for savings, so you ask a trusted friend to hold money for you. Each month for a year, you give this friend $200 a month, which you cannot b cialis for sale orrow against or [...]

Baby Boomers vs. Generation Y

The Insured Retirement Institute released a survey this week (described on the Wall Street Journal’s Smart Money blo Meditation Expert. g) about the state of baby boomer retirement. It is indeed a sad state, but nothing new to report. As previous surveys have indicated, they are simply not ready: 35 percent of 50 to 66 [...]

Mixed Messages about Saving

I have usually never met a tax cut I didn’t like. But the House passed a bill Tuesday (yet to be voted on by the Senate) extending the reduction in the employee’s portion of the payroll tax (set to expire the end of December), which since 2010 has b viagra pills een 4.2 percent instead [...]

Will You Live Past 90?

The latest Census data show that more people are living to age 90, according to Healthday. In fact the 90-and-beyond crowd has tripled since 1980, to 1.9 million people today. Most are women (75 percent), and many live alone but are not necessarily no fax payday loans independent and healthy. The average income for people [...]

Walk….Don’t Run When the Financial Markets Speak

One of the most important things to remember in an emergency is to remain calm. Panic tends to cloud a person’s rational thinking and judgment. In every situation, panic can create more problems than it solves. It does two things: 1) It causes us to misunderstand the ramifications of the problem we are trying to [...]

Converting a Traditional IRA to a Roth IRA

Do you want to pay the piper now, or later? Currently, only households making less than $100,000 a year or spouses filing jointly can convert their traditional Individual Retirement Account (IRA) into a Roth IRA. But as noted in a recent Wall Street Journal article those restrictions will be lifted in 2010, so that workers [...]