Dear Reader, The Internal Revenue Service is looking at Americans who make over $100,000 a year. If you make a decent living and haven’t filed your taxes yet, the IRS could soon be knocking on your door. The IRS desperately wants a cut of what you’ve earned,...
Dear Reader, Now that the election year has arrived and up grabs, anything can happen. Most candidates are talking about at least some sort of tax increase, while others have taken to demanding a “taxmageddon” on the public. Because anything can happen with tax rates...
$22.1 Trillion and Growing…Why Your 401(k), IRA, and 401(b) are Ticking Tax-Time BombsDear Reader,Today, taxes are lower than they’ve been in the last 89 years!There was a short time 37 years ago where they were comparable, but in the big picture, it’s safe to say...
Ever Timed the Market Wrong? How About Your Taxes? Dear Reader, I’m no fan of the 401(k) or IRA. I’ve made that clear since starting this letter, as I hate the idea of current retirement planning.***1. It takes perfectly good money and puts it into Wall Street (a...
Dear Reader, Unfortunately, not paying an income tax if you are a U.S. citizen can get you thrown behind bars. Regardless of your political beliefs, how you vote, or your understanding of the U.S. Constitution, the government doesn’t care. It wants your money,...
Dear Reader, A few signals are pointing to the “smart money” getting back into gold and turning bearish on the U.S. dollar. Looking at the Commitment of Traders (COT), commercial hedgers are holding sizable bearish positions on the U.S. dollar. At the same time, gold...
Dear Reader, The Great Recession, which, in our analysis, never ended, may have bought the Social Security Administration another few decades. Interesting data from a longevity researcher at the University of Illinois showed that for poor Americans, their life...
Dear Reader, In the realm of personal finance and conventional wisdom, there is some really bad advice going out there, in my opinion. Today, I want to discuss four financial taboos. #1) Debt The middle class has been conditioned to use financing for everything: their...
Dear Reader, For the next 5 minutes, let’s forget about politics, the election, and some of the things that Donald J. Trump has stated over the past year. Let’s just focus on the incredible virtues that this man has that, should any individual model or mimic, could...