2020 will see the biggest change to IRA rules in 50 years

The SECURE Act may make it heard for you and your beneficiaries to save money.

What would you do if suddenly you had to pocket an extra $70,760 of annual income? Smile for sure. But, you’d have to first pay income taxes on that money. Then, you could spend it or invest it. But what a shame. Before 2020, that money could have remained in a tax-deferred account and, with small […]





Let’s talk about Social Security correctly

Social Security is not ‘going bust,’ as the media would have you believe.

Every year, trustees of the Social Security trust funds issue an annual report. And every year, the media overreact and misreport to the American public what the trustees have to say. Here are a few headlines, which I feel are misleading: “The Social Security Trust Fund Goes Bust” — The Wall Street Journal, June 7, […]


What should you do about the Equifax data breach?

If you think there has been a breach into your accounts or your identity has been stolen, contact IdentifyTheft.gov for help.

Who is Equifax, and why are they in the news? Equifax is one of the leading consumer credit reporting agencies. Earlier this month, they announced a major loss of data. Hackers gaining access to Equifax data have left 143 million consumers vulnerable to identify theft and credit fraud. It’s hard to believe, but with this […]


Bonds in a rising rate world

How will a slowdown in the economy affect bond fund performance?

In March, the Federal Reserve Board raised interest rates. The increase of one quarter of one percent was only the third time in a decade that rates have gone up. Many economists believe that more increases are coming. The Fed itself has mentioned the possibility of further rate increases this year. There was a time […]



8 planning steps to take before the year ends

8 year-end planning steps for 2016

Another year is coming to a close. So much has happened of late — England voted to “Brexit” the European Union, the Chicago Cubs ended their 108-year World Series draught and Donald Trump was elected President of the United States. With all that’s going on it might be easy to forget about your year-end financial […]


Muni bonds still make sense

Muni bonds have significantly lower default rates than corporate bonds.

I’ve written about municipal bonds in the past. Now is a good time to update my thoughts on this asset class. Municipal bonds and muni bond funds have historically been an effective way of generating tax-free income. In high school, you may have learned about the 1819 U.S. Supreme Court case, McCulloch v. Maryland. That […]