Why Are Americans Dipping Into Savings?

According to the Federal Reserve, Americans dipped into savings to the tune of $311 billion in the last quarter. The Wall Street Journal reported that this is the deepest that Americans have drawn into savings in 6 decades. In fact, in the last 57 years, Americans have never made a net quarterly withdrawal from savings so this was quite a data point! Why are Americans dipping into savings? 3 Simple reasons: No Emergency Fund Expenses are too high Income is…

It May Be Best to Go For “Cash Flow” in Your Portfolio

And with markets manic depressive as they are now with government/hedge fund/big bank manipulation of asset prices, dividend strategies are just one of a few strategies to consider in choppy markets to boost cash flow. Here is a list of things I do, including dividend strategies, to try to make sure I have a chance to earn something when doing investment portfolio planning:

Roth Conversions Get a Boost from Obama

Regardless of what you think about the extension of the tax cuts and unemployment benefits that recently passed Congress at the President’s urging, the situation has:

1. opened up an opportunity for those still mulling a Roth IRA conversion

2. Reduced expected taxes on those who elected to pay the conversion taxes

STOP! If You Own Company Stock in your 401k You Need to Know About NUA

Do you own company stock in your 401k? Did you leave your company and are you thinking about rolling that money over into an IRA? If you are in this situation, don’t do anything until you read this article.
If you are considering rolling a 401k balance into an IRA, and you own company stock in your 401k, you need to know about the tax rules surrounding net unrealized appreciation of stock in a 401k plan. Here’s the benefit that few people know about

Placing Income Investments In Your IRA Before December 31?

With the upcoming tax increases approaching January 1, and with Congress still at a standstill about deciding who ‘deserves’ to keep their tax cut, it may pay for you to consider reallocating your investments now to maximize tax deferrals and avoid higher taxes in investment earnings. Here’s what I’m talking about Dividend tax rates will rise to

Roth Conversion: Why You Might NOT Want To

Although many clients and advisors are jumping at this opportunity (to convert Traditional IRA’s to Roth IRA’s), there are a number of factors that must be examined, including the possibility that a client will have extraordinary home assistance and medical expenses that will, in effect, be payable from taxable retirement plan accounts on a tax-free basis.

Attention Gen X & Gen Y: 4 Gaping Holes In Your Financial Plan – Part 3: No Emergency Fund

Gaping Hole Number 3 – No Emergency Fund Imagine you’re happily working at your new job, enjoying nights out with your friends, dining out, drinks and such. Your lifestyle is wonderful – then you lose your job. What will you do now? Can you cover next month’s rent? Surprisingly, many people with high paying jobs have no rainy day fund. In Thomas Stanley’s excellent book, The Millionaire Next Door, he referred to these folks with the Texas term: “Big Hat…

Attention Gen X & Gen Y: 4 Gaping Holes In Your Financial Plan – Part 2: Personal Legal Docs

Gaping Hole Number 2: No Personal Legal Documents Most young people I encounter aren’t even thinking about this when they think of personal financial planning or when they are preparing for a meeting with a financial advisor. Not being married, and not being a minor, you do not have a clear cut line to a decision maker if you were to become ill and incapacitated. Two documents to consider, are 1. a durable power of attorney: a document which appoints…

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