How You Make Your Money During Retirement is just as Important as How Much You Make!

At some point in the future, you are going to look at your spouse and a warm feeling is going to come over you. It may be at age 55, 60 or 65. It will be the day that you retire. On this day you will begin to understand that “How you make your money Read more about How You Make Your Money During Retirement is just as Important as How Much You Make![…]

Fee Fi Fo Fum…

Fee-fi-fo-fum. I smell the blood of a U.S. Taxpayer. Be he alive or be he dead. I’ll tax his bones until he’s fully bled. The phrase has no meaning apart from when quoting Shakespeare or Jack and the Beanstalk, there’s little reason ever to use it. I am however going to use it to reference Read more about Fee Fi Fo Fum…[…]

The Only Tax You Owe is the First One!

If you have ever read the tax code from cover to cover please raise your hand. Don’t be silly put your hand down. For one reason I cannot see you raise your hand through your computer screen (only the government can do that). And the other reason, the tax code is 75,000 pages – who is Read more about The Only Tax You Owe is the First One![…]

Jeopardy, Double Jeopardy and Double Taxation!

Bear with me while I tie a few things together… The game show “Jeopardy” has been around since the 1960’s. It wasn’t until I was much older that I began to appreciate the show for what it is and what it isn’t. I am amazed at the amount of obscure trivia that the contestants knew Read more about Jeopardy, Double Jeopardy and Double Taxation![…]

Inflation: Life’s Stealth Bomber

Every day you can see the impact of increased prices on your income, assets, and standard of living. Prices for food, clothing, appliances, energy, automobiles, prescription drugs, and health care have soared. The increase in the price of these expenditures is called inflation. People generally cope with inflation by finding ways to increase income or Read more about Inflation: Life’s Stealth Bomber[…]

How Dare You Think That You are Entitled to Social Security!

If you are in the work force, then you are paying taxes.  One of those taxes is for OASI – Old Age and Survivors Insurance, but you probably have never heard of that.  Another name for OASI is Social Security. Since you are in the workforce and paying social security taxes, you are probably under Read more about How Dare You Think That You are Entitled to Social Security![…]

What are the Odds – Pt. 2

This is a follow-up to last weeks post – “What are the Odds” Think back to the day that you signed started your current job.  Lots of new people to meet followed by orienting yourself with the layout of the new company.  And let’s not forget about signing up for all of the company benefits – Read more about What are the Odds – Pt. 2[…]

Quantitative Easing = Irrational Exuberance

The phrase “A picture is worth a thousand words” was first uttered more than 100 years ago by Tess Flanders, the editor of a newspaper while discussing journalism.  That idiom is still valid today. Below are a chart of the S&P 500 that I have made some notes on for illustrative purposes.  To fully understand Read more about Quantitative Easing = Irrational Exuberance[…]

What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin!

The title of this article is a quote from Mark Twain.  Little did he know that his quote would resonate for the next century throughout all of America.   Mark Twain died in 1910 and didn’t live to see how true his statement would be. A Little History Lesson: Above is the “History of the Top Marginal Read more about What is the difference between a taxidermist and a tax collector… The taxidermist takes only the skin![…]

“Would You Rather…”

“WOULD YOU RATHER…” is a game played around the country at parties.   The entire game is a series of questions such as: WOULD YOU RATHER … Have “No internet” or “No cell phone?” WOULD YOU RATHER … Have “No one show up to your wedding” or “No one show up to your funeral?” WOULD YOU Read more about “Would You Rather…”[…]