Financial Blog

Let’s Start with a Vacation!

If you’re someone living across the northern tier of the continental US, February can be miserable. Read these comments from Keith Ecker, a blogger who lives in Chicago: T.S. Eliot got it wrong. February is the cruelest month. It is …
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The Best Return-Boosting Strategy

When a financial professional says “Let’s look at ways to increase the return on your savings,” what comes to mind? Considering financial instruments with longer holding periods? Increasing your investment risk? Committing to a more active allocation strategy?         Or… …
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Life Insurance: Still Good for Estate Planning

The American estate tax turned 100 this year. It probably won’t live to see 101.” That’s the lead sentence in a December 9, 2016, Wall Street Journal article commenting on the likelihood the incoming administration will introduce legislation to repeal the …
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Capital Management: Your Economic Edge over Automation

Whatever you’re doing right now to earn a living, there’s a good chance much of your work could eventually be done by a machine. In fact, some futurists predict machines will do all our work. On first exposure, this may …
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How Astronauts Signed for Life Insurance

In May 1961, President Kennedy announced an initiative to safely land an American on the moon before the end of the decade, and before the Russians. The National Aeronautics and Space Administration’s Apollo space flights were scheduled to meet that …
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This Video Should Go Viral

This entire article is intended to get you to click on a link and watch a two-and-a-half minute video. Here’s the link: https://glic.wistia.com/medias/blateobmza Alternately, you can watch it on YouTube: https://www.youtube.com/watch?v=4gfHVKzPsSY&t=3s If you’ve clicked and viewed, you probably don’t have …
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Taking Aim at Prosperity – By Borrowing

The essential function in all successful personal finance programs is saving. But while it is essential, saving alone may not be enough. The following article takes several shots at explaining how borrowing – which many people perceive as the opposite …
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Maybe It’s Time to Say ‘Uncle’

Maybe It’s Time to Say UNCLE   Many American households are vexed by their financial condition. They feel like they don’t have enough money, carry more debt than they should, are underfunded for retirement or their kids’ college education, and …
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Never in 5,000 Years: Anomaly or the New Normal?

When someone says interest rates are at an all-time low, they really mean all-time, as in the past 5,000 years, or essentially, recorded history. In fact, when the central banks of Japan and several European countries decided in 2015 to …
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Dear IRS: I Messed Up My Rollover, But I Have a Pre-Approved Excuse

The US income tax system relies on voluntary reporting by individuals, with just enough cross-checking (through W-2s, 1099s and other third-party documentation), and the possibility of individual audits to encourage compliance. But what happens when the cross-checking shows too many …
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Posted in General Information, Taxation | Comments Off on Dear IRS: I Messed Up My Rollover, But I Have a Pre-Approved Excuse