Tag Archives | Government and Economy

Let the Taper Begin

The Federal Reserve Board has made its long-awaited announcement that it will begin to scale back (“taper,” in WallStreetSpeak) its QE3 stimulus program. The last time the Fed even mentioned starting to taper back, last fall, global stock markets and bond investors panicked and sent the markets reeling. Now, the Fed says that instead of […]

Continue Reading

Is Credit Union Tax Exemption an Unfair Advantage?

South Dakota has no individual or corporate income taxes. I’m quick to point this out to those unfortunate enough not to live in our fair state. Most recently I was reminded of this advantage when I calculated that a California client would pay 23.8% in federal capital gains taxes and another 13% in state capital […]

Continue Reading

Federal Budget Proposes Changes to IRA Rules

Lost in the hoopla over the government shutdown, defunding Obamacare, and raising the debt ceiling are some proposals contained in President Obama’s budget that will have a significant impact on retirees, inheritors, and savers. Most of the President’s proposals are aimed at enforcing higher taxes on savers who maximize their retirement plans. This is a […]

Continue Reading

Obama Proposes $3 Million Cap on IRAs

I listened to several of the Sunday talk shows and while there was criticism of the President saying the CA attorney general was good looking, there wasn’t a word about his unprecedented attack on IRAs in his new budget proposal, which was made public on Friday. The administration released a preview of their budget proposal […]

Continue Reading

Does Uncle Sam Want Your IRA?

“The Feds Want Your Retirement Accounts.” This was the headline of a February 22 post on the American Thinker blog recently forwarded to me by a reader. Normally I hit delete on articles warning of some type of impending financial doom. I read this one, since Argentina confiscated its citizens’ retirement accounts shortly before I […]

Continue Reading